News at a Glance
Traders did not return small loans given at the time of floods
During last November and December due to heavy rains, Chennai, Kancheepuram Tiruvallur, Cuddalore and Thoothukudi directs of Tamil Nadu were very badly affected. Due to this people had to vacate their houses and move to temporary shelters.
Posted On :14/Sep/2016 2:08:53 PM
Introduction of toll-free telephone number 1924 for postal complaints
The central government has introduced a new toll-free telephone number; 1924 for the public to make calls on complaints regarding the postal system. The Minister of State for telecommunications, Manoj Sinha inaugurated this toll-free service yesterday (Monday, 12th September) in Delhi.
Posted On :13/Sep/2016 3:06:53 PM
EPF subscribers to get lower Interest
It is expected that EPFO subscribers may get a lower interest at a rate of 8.6 per cent. This is lesser when compared to last year
Posted On :12/Sep/2016 10:44:51 AM
RBI asks banks to accept Income Declaration Scheme tax payments in cash
The Income Declaration Scheme, 2016 provides an opportunity to persons who have not paid full taxes in the past to come forward and declare their undisclosed income and assets. The Scheme has come into effect from 1.6.2016.
Posted On :11/Sep/2016 8:10:49 AM
ICICI prudential life insurance is open for IPO
Public offering by ICICI prudential life insurance is set to begin on 19th September. This is first of its kind for an Initial Public Offering (IPO) in insurance sector. From 19th and 21st September, public can apply for this IPO.
Posted On :10/Sep/2016 6:34:50 PM
Need for ATM will not become less
Automated teller machine (ATM) manufacturer NCR Corporation managing director Navroze Dastur said: Though the banking technology like e banking and mobile banking has advanced, the need for ATM will not become less.
Posted On :10/Sep/2016 3:38:18 PM
ICICI Bank introduces Robotics Software in bank work
ICICI, the 2nd largest private sector bank in India, had introduced the services of the robotics software in its functioning.ICICI is one of the very few banks across the world to have implemented the robotic software in service.
Posted On :09/Sep/2016 3:26:56 PM
Equitas Small Finance Bank begins its operations in Chennai
Equitas Small Finance Bank which has Chennai as its headquarters has commenced its banking operations with 3 branches in Chennai.Equitas Small Finance Bank plans to have a network of 412 branches spread across 11 states.
Posted On :08/Sep/2016 4:49:15 PM
Sensex and Nifty tops the chart
According to an analysis of various asset classes and their returns by city-based brokerage Centrum Group equities have been the best asset class in the past 25 years, The Sensex and the Nifty being the second best performers.
Posted On :06/Sep/2016 12:47:29 PM
India is the second most unequal country in the world
In a recent study it has been made known that India is the second most unequal nation in the world where millionaires control over half of its total wealth. According to wealth research firm New World Wealth, after Russia.
Posted On :06/Sep/2016 11:50:16 AM
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