ICICI’s board has denied any wrongdoing, highlighting that the loan was underwritten in accordance with the bank’s credit standards and was extended as part of a consortium involving over 20 banks.
Also tweaks buyback norms, approves amendments to takeover regulations
Union Minister Suresh Prabhu, who is also the Civil Aviation minister, earlier called on chief minister K Palaniswami and discussed with him about setting up a second big airport for Chennai.
Buoyed by pick up in demand, cargo traffic at these ports rose by 4.77 per cent to 679.35 million tonnes (MT) during 2017-18 compared to 648.47 MT during 2016-17. The 12 major ports have capacity of about 1,400 MT at present.
Nomura's analysis is based on the past 50 financial crisis indicators, which are designed to warn of domestic credit and financial risks, rather than balance of payments risk.
Bucking the trend, Reliance Industries continued its upward trajectory, spurting 1.22 per cent to a fresh closing high of Rs 1,032.35. Other index gainers were ICICI Bank, HDFC Bank, Tata Motors and Infosys.
The transaction, the largest in the travel space in MENA region, will offer Cleartrip a wider outreach and a larger client base in an adjacent market, providing economies of scale as well as enhanced competencies and regional knowledge.
The bank's present Chairman and Managing Director Ravindra Marathe, Executive Director Rajendra Gupta, Zonal Manager Nityanand Deshpande, and bank's former CMD Sushil Muhnot, were arrested in a cheating case lodged against real estate developer D S Kulkarni and his wife
ICICI Bank Managing Director and CEO Chanda Kochhar is facing allegations of quid pro quo, non-adherence to the code of conduct and conflict of interest after dealings between her husband Deepak Kochhar and Videocon Group promoter Venugopal Dhoot came to light.
When contacted, AirAsia India issued a statement and accepted that the flight was delayed and expressed regrets. It further said that there was no danger to any of the occupants onboard the aircraft as the cool conditioned air being circulated was condensing.
The Sensex had lost 335.40 points in the previous two sessions, tracking a sell-off across global markets after the US and China reignited trade disputes.
The new amendments to the licence provisions only allow those entities holding the access service provider licence to provide full-fledged internet telephony and not the over-the-top players like WhatsApp, Skype, Google Duo, which allow only app to app calling.
Income Tax probes acquisition of CCI Chambers apartment in Mumbai by husband of ICICI Bank’s Chanda Kochhar.
Out of the 87 cases that went in for liquidation, in 76 cases, resolution value was less than the liquidation value of the companies, while in 11 cases it was more than the liquidation value.
“Having satisfied itself that there was no merit to the allegation, the board rightfully defended the company’s CEO,” it said.
Apart from the plan to review airline’s operations, the Air India-specific Alternate Mechanism headed by Union Minister Arun Jaitley will review the situation of the carrier’s disinvestment, which has been put on hold for now.
Arvind Subramanian, whose contract ends in May 2019, has quit as CEA owing to personal reasons.
According to Michael Patra, Executive Director, RBI, the prolonged period of staying on hold is denting the credibility of the MPC’s commitment to maintaining inflation at the centre of the target band.
According to sources, the meeting would be attended by the secretaries of the department of financial services, and the power, coal, petroleum and natural gas ministries.
Sambhaji Kadam, Deputy Commissioner of Police (Crime) said, "Two cases have been registered with us so far and we have sought papers from the bank regarding 17 other cases. The total worth of these 19 cases is about Rs 94 crore."