Page 35 - Ortfolio Allocation News Today

The RBI has asked internal ombudsmen of banks, NBFCs, and credit information companies (CICs) to provide inputs for enhancing internal systems and processes in order to ensure a more effective redress of customer grievances.

Please don’t get me wrong – I am as concerned about security as the next chap. I support, very strongly, all procedures taken to keep me, my dear ones, my surroundings and my money safe from the grasp of any genuine miscreant.

The Supreme Court on Thursday ordered Jalan Kalrock Consortium (JKC) - the successful resolution professional bidder for cash-strapped Jet Airways - to deposit an amount of Rs 150 crore within a period of two weeks.

Last month, a 70-year-old senior journalist from Bengaluru received a call on WhatsApp informing her about a parcel being sent from Mumbai to Taiwan in her name that contained 240 grams of MDMA (drug), credit cards and passports. When she denied it, the caller said that her Aadhaar was being used for sending the parcel and a case had been registered against her.

BLS International Services Limited (BLS) is among the top-3 global players in visa applications outsourcing with three segments of operations: visa & consular services, e-governance services and other citizen services (G2C: government-to-citizen services and banking correspondents). BLS is the only listed entity in this space.

Thousands of fliers at various airports, particularly in the northern states, were reported to have faced considerable harassment due to delays or cancellations of flights with limited intimation about the status. Fliers stranded at many airports, including Delhi, Lucknow, Bengaluru, Bhubaneshwar, and Guwahati, among others, shared pictures, video clippings and complaints on social media, showcasing the sorry state of affairs as modernisation and upgraded facilities and staff at many airports ar...

Reserve Bank of India (RBI) has imposed a penalty of Rs84 lakh on five cooperative banks, including NKGSB Cooperative Bank Ltd and New India Cooperative Bank Ltd from Mumbai, for non-compliance with the directions issued by the banking regulator.

While refusing to interfere in an order passed by the Securities and Exchange Board of India (SEBI), the Securities Appellate Tribunal (SAT) dismissed an appeal filed by Brightcom Group Ltd (BGL) against the SEBI order.

In a turnaround on Friday, the Sensex snapped its three-day losing streak, propelled by a buy on dips approach and positive global cues. Earlier in the week, Indian benchmark indices fell sharply, primarily influenced by HDFC Banks lack lustre quarterly results. On Wednesday, Sensex plummeted 1,628 points, while NSE Nifty plunged 460 points or 2.09% to close at 21,572. This was the the most significant percentage drop in the last 18 months.

In the first part of the Wealth Creators series, released last week, we discussed the top-10 multi-bagger stocks of the past decade. If you missed it, click here to read it. In this part, we analyse the sectors and companies (by their size) that actually made the highest returns.