TMB had in 2007 transferred 46,862 shares to overseas investors Swiss Re Investors, Cuna Group, FI Investments and GHI without permission from the Reserve Bank of India (RBI); and some of these share were then transferred to Standard Chartered affiliate Sub-Continental Equities in April 2008 – again without RBI permission, the order said. … [Read more...] about Standard Chartered fined Rs 100 crore for violating forex rules during Tamilnad Mercantile Bank takeover bid
How do hostile takeover
Beyond the discipline of politics and foreign policy, the story of knowing China well and comprehensive knowledge of the Chinese psyche has been a matter of socio-anthropological interests as well. Those who have been doing so for the past few decades have produced an array of vectors, reasoning out how Chinese thought processes have been unusual, or distorted. Besides these, one also needs to check how the Chinese got the world wrong and how the idea that the Communist Party never makes mistakes, actually delivers blows to Chinese dreams. … [Read more...] about China’s India problem | A curious mix of ambition and paranoia
The LJP, according to reports, could be looking to turn the clock back to 2005 and repeat a strategy it had then adopted. Then a part of the UPA, the LJP had put up candidates against the RJD, while not fielding candidates against the Congress -- an option it could try now with BJP and JD(U) as the new players. … [Read more...] about Why are NDA allies JD(U)-LJP engaged in tussle ahead of Bihar polls?
In recent times, Sir David has become one of the most vocal and effective advocates of environmental protection, raising his voice against the wanton destruction of the natural world in the name of progress and the seemingly insatiable needs of the human race, Singh noted. … [Read more...] about UPA govt was criticised for being too restrictive’ in giving green nods: Manmohan
All ten banks on the list of lenders charging lowest interest rates on car loans happen to be PSBs (public sector banks). Punjab and Sind Bank tops this list with interest rate of 7.1 per cent. Bank of Maharashtra and UCO Bank bring up the rear of this top ten list with interest rate of 7.7 per cent. … [Read more...] about Here are the banks that offer the cheapest car loans