Bank strike: Digital operations, delayed salaries to give some pain ahead

Bank strike: Digital operations, delayed salaries to give some pain ahead Various rounds of wage negotiations between banks and unions have failed to make headway Branch-level operations, including cheque clearance and cash deposits, took a hit on Wednesday after 1 million bank employees participated on the first day of a two-day nationwide strike called by […]

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Moody’s cuts India’s growth forecast to 7.3% from 7.5% on higher oil prices

Moody’s cuts India’s growth forecast to 7.3% from 7.5% on higher oil prices Moody’s, however, maintained its 2019 growth forecast at 7.5 per cent Moody’s Investors Service on Wednesday cut India’s 2018 growth forecast to 7.3 per cent from the previous estimate of 7.5 per cent, saying the economy is in cyclical recovery but higher […]

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SEBI shuts FII-to-FII trades; huge demand seen for HDFC Bank stock on Jun 1

SEBI shuts FII-to-FII trades; huge demand seen for HDFC Bank stock on Jun 1 Facility was extensively used in case of stocks such as HDFC Bank, where FII investment limits are often fully utilized Market regulator the Securities and Exchange board of India (Sebi) has scrapped the special window meant for inter-se trading between foreign […]

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SEBI sets up review panel to hear disputes between rating agencies & firms

SEBI sets up review panel to hear disputes between rating agencies & firms Committee will consist majority of independent directors; Nearly 1,000 companies have challenged ratings assigned by agencies in 2017 The Securities and Exchange Board of India (Sebi) on Wednesday directed rating agencies to set up committees to hear the appeals of issuers aggrieved […]

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