Category : Banking


Kotak: Forex Reserves Strong but Vulnerable to Outflows

Veteran banker Uday Kotak cautioned that India's $700 billion forex reserves, while strong, are insufficient to absorb large foreign capital outflows amid global volatility, warning of widening current account deficit.

Four Allege QNet Ponzi Scheme; Police File Case

Four victims in Hyderabad have accused QNet representatives of luring them into a Ponzi scheme under the guise of an e-commerce business. The CCS police have registered a case against 10 individuals.

MSEDCL Cable Laying Stalled by PMC's High Fee

MSEDCL's 42-km cable-laying plan in Pune is halted as PMC charges Rs 6,000 per running metre for road digging, which MSEDCL calls exorbitant and a hindrance to infrastructure upgrades.

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