Indian-American ranked fourth among overpaid CEOs in USSandeep Mathrani, the Indian-American CEO of property firm General Growth Properties, has been ranked fourth among the top 25 overpaid CEOs in the US, by non-profit organisation 'As You Sow'. Mathrani, with a total compensation of ₹257 crore in 2016, is overpaid by ₹170 crore, according to the report. Mass media company CBS' CEO Leslie Moonves has topped the list. Read more at The Times Now
HDFC Bank to offer digital online loans against securitiesHDFC Bank on Wednesday launched an instant digital loan against securities (LAS) facility in collaboration with the National Securities Depository (NSDL). The bank said customers can avail themselves of overdraft facility against shares in three steps — select the shares to be pledged on net banking; accept agreement through one-time password (OTP); and pledge the shares with NSDL online through OTP. Read more at Outlook India.
RBI removes limits on cash withdrawal from banks and ATMsAll limits on savings bank cash withdrawals post-demonetisation ended on Monday, as had been announced by the Reserve Bank of India (RBI) last month. The limits on withdrawing cash from banks and ATMs end on Monday, four months after they were imposed following the demonetisation of old Rs 500 and Rs 1,000 notes, which created a currency shortage across the country. Read more at The Hindu.
RBI to issue new Rs.10 currency notes soon; old notes to remain validThe Reserve Bank of India (RBI) today announced that it will soon issue new Rs 10 currency notes with enhanced security features, while clarifying that the old notes will still be valid. RBI will shortly issue Rs 10 denomination banknotes in the Mahatma Gandhi Series-2005 with inset letter 'L' in both the number panels, bearing the signature of Dr. Urjit R. Patel, and the year of printing '2017'," RBI said in a release. Read more at Economic Times.
Former chief product officer of Snapdeal invests in LetsVentureAnand Chandrasekaran, angel investor and former chief product officer of Snapdeal, has invested an undisclosed amount in fundraising platform LetsVenture, the company said on Thursday. Registered in Singapore, with offices in India and the US, LetsVenture Online Pte is an online platform for fundraising and for start-ups and investors to connect. Read more at Live Mint.