IIM Calcutta is one of the leading B-Schools in India and the Asia Pacific region. Established in 1961, this prestigious institution was the first national centre for post-graduation studies and research in Management. It’s the only triple accredited B-School in India and best known for its Finance related courses. In fact the department is considered to be one of the best in the world. If you have taken CAT this year and rooting for Finance, IIMC is the obvious choice.
The Government of Singapore has imposed curbs on licensed moneylenders in the country to protect the borrowers. These curbs – which have come into effect from October 1, 2015 – cap the amount of fees and interest that moneylenders can charge customers.
IDFC Bank will start functioning as a full-fledged bank from Thursday with over 20 branches. Rajiv Lall will be taking over as the MD & CEO of IDFC Bank with effect from October 1, IDFC added.
US crude oil prices broke the $40 barrier on August 21, 2015 for the first time since 2009. Latest data indicate a further rise in US drilling rigs and a drop in Chinese manufacturing.
Banking, finance and technology professionals have reason to be upbeat. The next two years are going to see tremendous job opportunities in the banking sector in India.
Two new banks are ready to roll out. Bandhan Bank is commencing operations on August 23, 2015. It would start operations with 600 branches, of which 200 would be in metro and urban areas. IDFC Bank is slated to start operations from October 1, 2015 with 20 branches, of which 5 would be in metropolitan cities.
India’s two largest banks have announced new tech measures to enhance banking experience. While State Bank of India has launched a mobile wallet app, SBI Buddy in collaboration with Accenture and Mastercard, ICICI Bank Ltd has introduced ‘Smart Vault’, a fully automated locker facility with high-end robotic technology.
You don’t need to be a lifetime government babu to land a top position at a government bank anymore. In a big bang announcement, the Government of India has appointed two private bankers to head two of the prominent public sector banks in the country.
Gold began 2015 at about $1,175 an ounce. By January 23, it had rallied to almost $1,300. In February, it slipped about $60 and the fall continued in March. After a brief consolidation, it has been on a downtrend since June. Since July 20, 2015, when gold slipped below $1,100, it has remained in that region so far.
Where’s gold going? Here’s an update.
With competition in the Indian ecommerce space intensifying, Flipkart has taken a big step towards consolidating its numero uno position by securing an investment of $700 million. It is the first time the company has raised money this year, and this deal values it at a whopping $15 billion.
According to Startup Ecosystem Report published by San Francisco based startup bench-marking firm Compass, Bengaluru is the world’s 15th best startup ecosystem, up from 19 in the last report published in 2012. Bengaluru is rated on five parameters – funding, market reach, talent, experience, and performance of startups.