India's HDFC Bank net profit
April 22, 2018 3:14:49 am

The bank’s NII, the difference between interest earned and interest expended, rose 17.7 per cent y-o-y to Rs 10,658 crore. The bank’s provisions rose 22 per cent y-o-y to Rs 1,541 crore in the March quarter.

NCLT: Bhushan Energy’s plea to change IRP sustainable
April 22, 2018 3:08:17 am

“The applicant has not submitted any agreement or understanding among parties to substantiate the averment that AEL/Rewant Ruia has no management rights, special rights, or the ability to participate in the management of the applicant either currently or going forward,” Satish Kumar Gupta said.

After Indigo, now Jet Airways opts out of Air India disinvestment process
April 22, 2018 3:01:00 am

The US Federal Aviation Administration (FAA) and European Aviation Safety Agency (EASA) issued separate emergency airworthiness directives late Friday mandating all airlines to perform an ultrasonic inspection of certain CFM56-7B engines manufactured by French company CFM.

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April 22, 2018 2:15:26 am

The cash seizure comes at a time when other parts of the country are reeling under a cash crunch. “When the people are finding it difficult to withdraw the money from the banks/ATMs, seizure of these high denominations is raising eyebrows,” the statement said.

Aadhaar seeding must for bank accounts under KYC norms: RBI
April 22, 2018 2:05:24 am

The RBI said periodic updation should be carried out at least once in every two years for high risk customers, once in every eight years for medium risk customers and once in every ten years for low risk customers.

Aadhaar seeding must for bank accounts under KYC norms: RBI
April 21, 2018 9:07:37 pm

Till now, an Officially Valid Document for address proof together with PAN issued by the Income Tax department and a recent passport-size photograph were the key KYC documents.

India's HDFC Bank net profit
April 21, 2018 7:30:44 pm

To fund its future growth, the bank has said it plans to raise up to 240 billion rupees by selling shares to investors, including a preferential issue to its parent HDFC Ltd .

Walmart could buy controlling stake in Flipkart: sources
April 21, 2018 2:39:42 pm

Sachin Bansal and Binny Bansal, former Amazon employees who founded Flipkart in 2007 in India’s tech hub of Bengaluru, are also likely to part sell their stake as part of the deal, one of the sources said.

Cash crunch: 97% of poll seizures in Karnataka in high-denomination notes
April 21, 2018 1:43:24 pm

The revelation comes in the backdrop of a cash crunch being witnessed across various regions in the country as a number of ATMs had gone dry.

April 21, 2018 7:38:45 pm

The Income Tax filing season for salaried class taxpayers has just begun with the Central Board of Direct Taxes (CBDT), that frames policy for the department, recently notifying the new ITRs.

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April 21, 2018 1:06:06 am

Coal supply to the state/Central gencos may be regulated corresponding to the current payment, if undisputed outstanding dues are more than 90 days equivalent coal values.

April 21, 2018 1:01:08 am

The stock jumped 6.76 per cent to settle at Rs 3,406.40 on the BSE. During the day, it soared 7.22 per cent to its 52-week high of Rs 3,421.25.

Sensex rises nearly 100 points ahead of RBI policy meet, rupee rises 4 paise against US dollar
April 21, 2018 12:57:10 am

Rising crude prices, strong dollar and trade deficit weighed on the markets.

Huge jump in fake currency post demonetisation: Report
April 21, 2018 12:13:50 am

As per the report by Financial Intelligence Unit, the banks have generated 400 per cent more suspicious transactions reports (STRs) at over 4.73 lakh such dossiers during 2016-17.

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April 20, 2018 5:17:07 pm

India had first mooted the idea of having such an agency for the BRICS (Brazil, Russia, India, China, South Africa) grouping to can solve impediments for the emerging market economies posed by the present credit rating agency market that is dominated by S&P, Moody's and Fitch.

Yes Bank's international presence comprised of a representative office in Abu Dhabi and a branch in the Gift City International Financial Services Centre in Gandhinagar. (File)
April 20, 2018 4:10:37 pm

"This will help in further diversification and expansion of financial services to the NRI diaspora," the bank's managing director and chief executive Rana Kapoor said.

With offer from Radiant Life Care, Fortis hospital in five-way battle for control 
April 20, 2018 2:26:44 pm

Fortis Healthcare Ltd has become the target of a takeover battle that includes offers from China's Fosun International and Malaysia's IHH Healthcare.

TCS shares soar 6.5 per cent after Q4 earnings
April 20, 2018 12:42:58 pm

The company's quarterly results were announced post market hours on Thursday. The stock was the biggest gainer on both key indices, Sensex and Nifty.

The maker of Pampers diapers and Gillette razors said the deal would help it expand its portfolio of consumer healthcare products which includes Vicks cold relief.
April 20, 2018 12:24:31 pm

US-based P&G derived 12 percent of group sales, or $7.5 billion, from health care products last year, including Oral-B toothbrushes and toothpastes.

Sensex turns choppy, rupee opens 9 paise higher against US dollar
April 20, 2018 10:08:39 am

Brokers said, besides continued capital outflows by foreign funds, profit-booking in recent gainers, rupee's fall below the 66-mark against the dollar and higher global crude oil prices, hurt trading sentiments.