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.
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.
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.
India and the US are engaged in trade negotiations; it may ease a tariff war between the two countries.
The ASG contended that we have dealt with each and every aspect and have even heard each of the firm before concluding.
In April 2017, Bansal had moved the arbitration panel against Infosys to claim the outstanding Rs 12 crore as part of his severance pay.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
The Bench was hearing a plea challenging the ban on the drug following a notification by the Health Ministry earlier this month.
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.
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.
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.