Budget 2018-19

  Doctors of North Delhi Municipal Corporation-run hospitals who have been agitating for the last several days over their pending salaries called off their stir, officials said Doctors of North Delhi Municipal Corporation-run hospitals who have been agitating for the last several days over their pending salaries called off their stir on Wednesday, officials said. While five resident doctors of Hindu Rao Hospital had been sitting on a relay hunger strike since Friday, the senior doctors of the North Corporation-run facilities had gone on an indefinite strike on Tuesday. Their associations had joined hands in solidarity since Tuesday. “The strike by agitating doctors was called off as North Delhi Mayor Jai Prakash offered juice to the medics on hunger strike. Salaries of all doctors have been released, till September,” the NDMC said in a statement. The late night decision was reached after a long meeting of representatives of the Hindu Rao Hospital RDA and MCDA with the NDMC commissi...

IIFL's profit rose 32% to Rs 2.36 bn in Q3, fueled by growth in private-wealth unit, where assets under management surged to $20 bn Nirmal Jain has hit the jackpot serving the new rich in the world’s fastest-growing major economy. The Mumbai banker’s $20 billion private-wealth-management unit became India’s biggest by assets and helped make him a billionaire. The nation’s demographics are a driving force, as well as Prime Minister Narendra Modi’s efforts to withdraw India’s biggest bills from circulation, which has pushed savings into the financial system. India’s young and thriving workforce will support its growth for years to come, Jain, 51, said in a phone interview, pointing out that millennials account for about a third of the country’s population and most of the income. “Most of it is first-generation wealth, so your clients are pretty hands-on,” Jain said. “It’s not that they inherited wealth, so they have a lot of passion and attachment to wealth and its performa...