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Banks using 19th century tech, says IIMA director

Banks using 19th century tech, says IIMA director

The banking system is old hat and banks are using 19th century technology which is subject to lots of disruptions, said Professor Errol D’Souza, Director of the Indian Institute of Management, Ahmedabad, while speaking about financial markets at an ... DNA, 6 days ago

4 images for director of international institute of inform

Money Control, 4 months ago
India Today, 6 months ago
DNA, 7 months ago
Money Control, 8 months ago

PU seminar calls for 'institution' to study Pakistan 'deeply'

[India] Mar. 01 (ANI): Various experts have pressed for the need to set up an institution for exclusive and deep study of Pakistan. The demand was echoed at a two-day national seminar on 'Emerging Geo-strategic Manifestations in Pakistan - implications for ...
 Sify3 weeks ago

IIT Indore: Students ordered to apologise for protest

Tensions continue to rise at IIT Indore over apology letters and quality of food.Jyoti Punwani reports. IMAGE: Indian Institute of Technology Indore students gather outside IITI Director Pradeep Mathur's bungalow to draw his attention to their grievances. Is a peaceful demonstration by students wrong? The Indian Institute of Technology Indore authorities certainly seem to think so. On January 18, students of the prestigious institute protested on campus outside the residence of IITI Director ...
 Rediff.com1 month ago

Pak gets powerful missile tracking system from China: Report

In an unprecedented deal, China has sold Pakistan a powerful tracking system which could speed up the development of multi-warhead missiles by its all-weather ally, the state-run Chinese Academy of Sciences said. Zheng Mengwei, a researcher with the CAS Institute of Optics and Electronics in Chengdu, Sichuan province, confirmed to the Hong Kong-based South China Morning Post that Pakistan had bought a highly sophisticated, large-scale optical tracking and measurement system from China.   ...
 Rediff.com2 days ago

How banks can minimise losses from fraud

25,600 cases of banking fraud totalling Rs 1.79 billion were reported up to December 2017.'There is an inherent legacy when it comes to insuring crime.''Generally, most banks are uncomfortable in sharing data about employee fraud.'Advait Rao Palepu reports. In the wake of the Punjab National Bank scam, banks might take another look at their indemnity policies that cover specific operational risks. Currently, most banks buy indemnity covers for as low as Rs 20 million, going up to Rs 250 ...
 Rediff.com3 days ago

This multibillion-dollar corporation is controlled by a penniless yoga Superstar

Bloomberg Baba Ramdev renounced the material world. So why is he selling toothpaste, instant noodles, and toilet cleaner? Twenty-three years ago, when he was a poor young yoga instructor living at the foot of the Himalayas, Baba Ramdev pledged to spend the ...
 The Financial Chronicle1 week ago

Finally, Urijit Patel opens up on banking frauds, crony capitalism and the RBI's limited authority

The over $ 2-billion-dollar Punjab and National Bank (PNB) scam involving Nirav Modi and Mehul Choksi had led to many questioning the Reserve Bank of India's failure to stop the misuse of the SWIFT (Society for Worldwide Interbank Financial Telecommunication) ...
 Sify1 week ago

What does the nation get out of the CBI?

'What does the nation get out of the CBI's fabulous infrastructure? Very little that is useful,' says Aakar Patel. Photograph: Mansi Thapliyal/Reuters The Central Bureau of Investigation is our elite instrument against crime. Like America's Federal Bureau of Investigation, the CBI was formed to tackle something specific. The FBI initially was set up to go after Communism, the CBI was meant to take on corruption. So how effective is it actually? We hear of demand that the 'case be given to the ...
 Rediff.com1 week ago

Let us stop taxing women!

Double tax exemption on wages paid to women can encourage companies to hire, retain and compensate women better, argues Nitin Pai.Illustration: Uttam Ghosh/ The single biggest policy challenge staring India in the face is that of creating 20 million formal jobs every year for the next two decades, starting yesterday. There's some debate about how well we've done so far -- some estimates say it's less than 500,000 per year while others suggest we've done as well as 6 million in one ...
 Rediff.com2 weeks ago

'The nature of jobs is changing'

'We want to connect unique skills that students have with the unique jobs being created.'Illustration: Dominic Xavier/ Errol D'Souza -- the new director of the Indian Institute of Management-Ahmedabad -- faces challenges such as hiring quality faculty and boosting research to meeting the board's expectations. Professor D'Souza shares the road map for the B-school, especially under the new IIM Act, with Vinay Umarji.   As the new director, what is the road map you have laid out ...
 Rediff.com2 weeks ago
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