Finance Commission chief makes case for institutional mechanism to check fiscal deficit

Finance Commission chief makes case for institutional mechanism to check fiscal deficit

NEW DELHI: Finance Commission Chairman N K Singh Thursday made a case for setting up a “fiscal council” as an institutional mechanism to monitor fiscal consolidation roadmap of the Centre and state governments. He also said fiscal federalism is a...
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Mega-mergers are not good for business, finance chief says

Mega-mergers are not good for business, finance chief says

Deciding to merge large companies can be disruptive and will likely cause problems for at least one of the firms involved, the chief financial officer of Zurich Insurance told CNBC Wednesday. Recent reports have suggested that German firm Allianz could be in...
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Limited space for further cut in lending rate: SBI chief

Limited space for further cut in lending rate: SBI chief

State Bank of India Chairman Rajnish Kumar on Thursday said that there is limited space for further easing of the lending rate. It seems so, he said in reply to a question if the rate cut cycle is over for...
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Former Uber chief names 2 directors, surprises board

Former Uber chief names 2 directors, surprises board

Former Uber CEO Travis Kalanick on Friday unilaterally appointed two new members to the board of directors in a surprise move that increased tension within the leadership of the popular ride service. Kalanick, who was pressured to resign in June...
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Samsung chief Lee Jae-yong is jailed for offering bribes, here’s what you need to know

Samsung chief Lee Jae-yong is jailed for offering bribes, here’s what you need to know

Samsung heir Lee Jae-yong, the de facto leader of South Korea’s most successful business group, was sentenced Friday to five years prison for offering bribes and other crimes. Lee, 49, was groomed to lead the conglomerate that was founded by...
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Sebi Chief Cautions Mutual Funds Against Letting Debt Funds Bulge

Sebi Chief Cautions Mutual Funds Against Letting Debt Funds Bulge

Mumbai:Amidst the concerted efforts by the government and the Reserve Bank of India (RBI) to rein in the mounting issue of bad loans, Sebi Chairman Ajay Tyagi on Thursday cautioned mutual fund players against letting some of such money flow...
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