Free Press Journal
  • Banking sector speaks on fourth bi-monthly policy 2016-17

    I welcome the RBI’s move to cut the repo rate by 25 basis points as well its intent to support liquidity. These steps will give a strong impetus to both consumption and investment led growth for the country. The strong focus by the Government on supply side measures, which have resulted containing inflation, has provided room to RBI to support growth through this rate cut.  — Chanda Kochhar, MD andCMD, ICICI BANK

  • Now, replacement Samsung Note 7 catches fire on US plane

    New York/New Delhi : Samsung woes over its Galaxy Note 7 smartphone are far from over it appears. Now, a replacement Note 7 device reportedly caught fire on a US flight, leading to cancellation of the flight after evacuation.

  • Loan against property portfolio entering into delicate phase

    Mumbai : Until last year, delinquencies in India’s loan against property (LAP) portfolio have been modest for non-banking financial institutions (NBFCs). But the delinquencies in LAP could increase in the next four quarters, reported India Ratings and Research (Ind-Ra). The report stated that it could even exceed 5 per cent for few NBFCs on a static basis. The rating agency analysed the NBFCs for five years.

  • NSE secures board clearance to launch IPO via OFS

    New Delhi : Ahead of its IPO, leading stock exchange NSE’s board has decided that the public issue will be in the form of an offer for sale by shareholders while the directors have approved issuance of bonus shares, stock split and a dividend payout for the existing investors.

  • Fake call centres: Staff to be made witnesses

    Mumbai : The Thane police are in the process of making 630 employees witnesses in the bogus call-center racket that was busted in Mira Road recently.

  • IMPPA urges MNS to lift ban on release of ‘ADHM’, ‘Raaes’

    Mumbai: The Indian Motion Picture Producers Association (IMPPA) on Thursday met MNS officials asking them to allow the release of Karan Johar’s “Ae Dil Hai Mushkil” and Shah Rukh Khan starrer “Raaes”, both starring Pakistani actors, but the Raj Thackeray-led party has refused to budge from its stand. IMPPA officials had a closed door meeting with Shalini Thackeray, working president of Maharashtra Navnirman Chitrapat Karmachari Sena, to discuss the issue of release

  • Gharat named CBI lawyer to deal with Chhota Rajan cases

    Mumbai : After months of delaying the selection of a special public prosecutor in cases related to underworld gangster Chhota Rajan, the Central Bureau of Investigations (CBI) finally named advocate Pradeep Gharat.

  • ‘Upcoming govt buildings will adopt IGBC standards’

    Mumbai : Indian Green Building Council (IGBC) has inked memorandum of understanding (MoU) with Delhi Metro Rail Corporation (DMRC) during a three-day international conference on green buildings conducted by Green Building Congress 2016 on Thursday. The MoU with DMRC was to incorporate IGBC’s Green Mass Rapid Transit System (MRTS) for metro design and construction. The IGBC will support DMRC by providing soft and technical support for designing metro rail systems of DMRC. The

  • India to write to Saudi govt for lookalike of wanted by ATS

    Mumbai : India is set to send ‘letters rogatory’ to Saudi Arabia in connection with Jeddah suicide bomber Abdullah Qalzar Khan who bears striking resemblance to Lashkar-e-Toiba (LeT) operative Fayyaz Ka-gzi, a native of Shivaji Nagar in Beed district.

  • Complainants get death threats from scamsters

    Mumbai : Twenty-three doctors and businessmen who were duped to the tune of Rs 35 crore by alleged scamster Mohan Prasad Srivastava and his associates have claimed that they have been receiving death threats from the underworld since the time they have knocked on the doors of the Mumbai police to book the culprits.

  • Durga Puja at Vasai starts today

    PALGHAR : Durga Puja, the biggest event in the festival calendar of the Bengali community and a major festival for other communities of eastern India such as Oriyas and Assamese, commences today. The festival is celebrated by a large population in the Mumbai Metropolitan Region (MMR) comprising of Mumbai city, Mumbai suburbs and parts of Thane, Pa-lghar and Raigad distri-cts, where over 100 ‘sarvajanik’ Durga Pooja pandals are erected during this period.

  • Rahul invokes filmy Insaf ka taraju’ against PM Modi

    New Delhi : Uttar Pradesh Congress chief and Bollywood actor Raj Babbar rates his movie “Insaf ka Taraju”as his best effort. But now he has a new admirer for this movie in Congress vice-president Rahul Gandhi.

  • India slams technical ‘hold’ on declaring Azhar global terrorist

    New Delhi : India on Thursday reacted sharply to the extension of the “technical hold” on banning JeM chief Masood Azhar by the UN, saying the global body will be sending a “dangerous message” if it fails to act upon India’s demand for his designation as a global terrorist.