The penalty was imposed in an order in August by Sushil Kumar, Special Director, ED who said, “senior officials at Standard Chartered saw an investment in TMB shares as an opportunity that might ripen into an eventually larger ownership for the bank … also acted as a custodian for shares on the deal.” … [Read more...] about Standard Chartered fined Rs 100 crore for violating forex rules during Tamilnad Mercantile Bank takeover bid
Broadcom hostile takeover
China refuses to treat India at the same level. Hierarchy is embodied in Chinese strategic behaviour, and China’s status as a hierarchical leader goes without saying. On the one hand, Chinese strategists express concern over being not treated as an ‘equal’ by the American State, but on the other hand China has lacked the humility to accept India as an equal neighbour or power. Hence, in addition to India’s efforts to upgrade border roads and infrastructure, the disregard for India would lead to the most severe crisis in India-China ties. … [Read more...] about China’s India problem | A curious mix of ambition and paranoia
LJP and JD (U) are two of the three major partners in the Bihar NDA -- the third being the BJP. The saffron party has, so far, kept away from the squabble -- and it has its own reasons for doing so. According to an Indian Express report, it has been indicated to the BJP that the party can have an equal number of MLC seats, but it will have to contest them on a BJP ticket without conceding any to the LJP. … [Read more...] about Why are NDA allies JD(U)-LJP engaged in tussle ahead of Bihar polls?
"But it does not need an epidemic to tell us that we are not in good shape. Climate change, the assault on the oceans, pollution of atmosphere, junk floating about in space, reduction of forest cover, extinction of life in rivers, reduction of natural habitat for any life other than humans - all this is evident to anyone who has eyes to see," the former prime minister added. … [Read more...] about UPA govt was criticised for being too restrictive’ in giving green nods: Manmohan
The automobile sector’s engine has started revving up again, with retail demand contributing to an uptick in sales in August 2020. Half of India’s 14 car and SUV manufacturers who dominate the market, with a 90 per cent share, recorded a 20 per cent growth over August 2019. … [Read more...] about Here are the banks that offer the cheapest car loans