Daily Archives: June 24, 2019
Studies conducted by three premier institutes — NIPFP, NCAER and NIFM — have concluded that unaccounted wealth held by Indians outside the country till 2010 could be as high as $490 billion, besides black money parked within the country as ‘investments’ in sectors like real estate, mining, tobacco/gutka, bullion, films and education.
The Reserve Bank of India (RBI) has introduced a complaint management system (CMS) on its website through which customers can obtain redressal of their grievances against all financial service providers regulated by the central bank.
Larsen & Toubro (L&T) is likely to push for a management rejig at Mindtree, including a change of CEO, even as the engineering services conglomerate tightens its hold over the Bengaluru-headquartered company. The share sale by Nalanda Capital, the largest institutional investor, came as a big blow to the company’s incumbent management.
Shakib Al Hasan (51 off 69 and 5/29) came up with a special all-round performance, steering Bangladesh to a 62-run win over Afghanistan on Monday and keeping their semifinal hopes alive in the World Cup.