Justice Srikrishna to head probe panel to look into allegations against Chanda Kochhar
September 19, 2018 7:10:43 am

Both Chanda Kochhar and ICICI bank have maintained there has been no regulatory violation on their part and that Kochhar was not aware of specific business dealings of her husband.

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September 19, 2018 2:23:15 am

The Sensex also plunged 295 points to 37,290.67 due to hectic selling in financial and auto stocks as the rupee woes hit the stock markets.

September 19, 2018 2:24:29 am

Anil Ambani also thanked his elder brother Mukesh Ambani, who is credited with conceptualising the undivided group's telecom foray and also bought the assets as part of the beleaguered RCom's monetisation efforts.

September 19, 2018 2:17:52 am

India and the US are engaged in trade negotiations; it may ease a tariff war between the two countries.

Aurobindo Pharma to buy US units of Sandoz
September 19, 2018 2:20:38 am

The ASG contended that we have dealt with each and every aspect and have even heard each of the firm before concluding.

September 19, 2018 2:14:08 am

In April 2017, Bansal had moved the arbitration panel against Infosys to claim the outstanding Rs 12 crore as part of his severance pay.

Sebi to start personal hearings in probe against ICICI Bank, Kochhar this month
September 19, 2018 2:07:05 am

The regulator said that the proposed amendments in the SEBI (FPI) Regulations, 2014, were discussed and broadly agreed upon and it would soon issue a revised circular on the issue.

September 19, 2018 2:11:14 am

Infosys had agreed to pay Rajiv Bansal a severance amount of Rs17.38 crore or 24 months of salary, but the company suspended payments after he got Rs 5 crore as co-founders objected to the severance pay as being excessive in nature.

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September 19, 2018 2:01:55 pm

Less than four months before the defaults, IL&FS issued four series of non-convertible debentures and raised an aggregate of Rs 735 crore through them.

September 19, 2018 6:34:15 am

This would ensure that while absorbing the two smaller banks, Bank of Baroda gets the positive strength of Vijaya Bank while dealing with the stiff challenges associated with turning around Dena Bank.

NCLAT order on Essar Steel bids today
September 18, 2018 2:02:28 am

ArcelorMittal on September 15 wrote to Essar Steel’s RP a letter relating to Vedanta’s alleged environmental law violations in India and Zambia, illegal mining, disregard for safety standards and human rights violations.

September 18, 2018 8:20:43 pm

The case was initially probed by the Mumbai Police, but was handed over to the CBI after the city police could not take the case to the logical conclusion.

September 18, 2018 1:53:50 am

Advances by banks to households soared 71.5 per cent to Rs 4.3 lakh crore, reversing a four-year-long trend of declines in households’ bank borrowings, data released by the Reserve Bank of India (RBI) revealed.

Karnataka government cuts fuel prices by Rs 2 per litre
September 18, 2018 1:52:18 am

Fuel prices have been climbing since August 16. The rising fuel prices have created a political storm with the Opposition launching a scathing attack against the Narendra Modi government, which has cited international factors for it.

Sebi to start personal hearings in probe against ICICI Bank, Kochhar this month
September 18, 2018 1:45:26 am

According to the order of the Australian court, Sebi will be entitled to receive sale proceeds of Sanctuary Cove properties acquired by PACL in Australia.

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September 18, 2018 1:37:57 am

Goldman Sachs expects markets to consolidate heading into the elections and the Nifty to reach its 12-month target of 12,000 points, as political uncertainty wanes and earnings accrue.

Supreme Court allows sale of Saridon, 3 other drugs
September 18, 2018 5:14:31 am

The Bench was hearing a plea challenging the ban on the drug following a notification by the Health Ministry earlier this month.

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September 18, 2018 1:33:23 am

Vijaya Bank posted a 43.3 per cent decline in net profit at Rs 144.34 crore for June quarter even though NPA ratio improved. In absolute terms, gross NPAs however rose to Rs 7,579.11 crore as on June 30, 2018 against Rs 6,812.21 crore a year ago.

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September 18, 2018 1:27:25 am

After a weak start at 38,027.81, the BSE 30-share Sensex quickly cracked the 38,000-mark to hit a low of 37,548.93 on across-the-board selling in recent gainers and finally settled 505.13 points, or 1.33 per cent, down at 37,585.51.

September 18, 2018 1:16:23 am

The banks would have to reduce the debt of Tata Power Project and Adani Power project by Rs 4,240 crore and Rs 3,821 crore, respectively, according to the HPC.