FinMin wants amendment in Chits Act to detect ponzi schemes

IFCI has informed that Shri Sanjeev Kumar Jindal, Director, Ministry of Finance, Department of Financial Services has been nominated on the Board of the Company by the Government of India.

Rajesh Gopinathan, chief financial officer and vice-president of Tata Consultancy Services (TCS), India’s largest information technology services provider, has big shoes to fill. Gopinathan, who took over from S Mahalingam two months ago, says he is comfortable with his new responsibility. In an interview with Shivani Shinde, he talks about his role and the constant demand by investors and analysts to maintain high margins. Excerpts: You took over from S Mahalingam, who had created ...

Sebi has now asked hundreds of institutions including banks, other financial services firms and even government departments to be cautious in their business with two Sahara group firms and their top executives.

State Bank of Travancore has informed that Shri Jitendar Kumar Mehna, Under Secretary, Department of Financial Services, Ministry of Finance, New Delhi has been appointed as a Director on the Board of Directors of the Bank.

Allahabad Bank: Govt. of India, Ministry of Finance, Department of Financial Services vide their Notification dated February 18, 2013, have nominated Shri Dinesh Dubey as Part-Time Non-Official Director of the Bank, for a period of three years from the date ...

Comptroller and Auditor General (CAG) has also found instances of tampering of records and pulled up the Department of Financial Services (DFS) in the Finance Ministry for deficient monitoring of the multi-crore scheme. "Overall, the Performance Audit ...

The U.S. Department of Homeland Security confirmed it has initiated legal action that prompted the Dwolla payment service to stop processing bitcoin transactions. Nicole Navas, a spokesperson for U.S. Immigration and Customs Enforcement, confirmed ...

The Ministry of Finance (MoF) has signed an agreement with Dubai eGovernment Department for the eDirham G2 services to be adopted as a tool for collection of government entity fees in in Dubai. The agreement was signed by Younis Haji Al Khouri, ...

Mr. E. Koutroulis new Director of Financial Services PPC S.A. announces the assignment of Mr. Efthimios Koutroulis to the position of Director of Financial Services and Control Department of the Company. Athens, May 14th