It has been a busy week of Indian extradition-related activity in the UK courts as liquor baron Vijay Mallya’s High Court appeal moves forward for a judge’s verdict on paperwork and fugitive... Read more »
Five state-owned banks, including PNB, Bank of Baroda and Union Bank, Thursday received shareholders’ approval for capital infusion of Rs 21,428 crore in lieu of preferential allotment of shares to the government.... Read more »
India’s second largest IT services firm Infosys on Thursday said it will acquire 75 percent stake in ABN AMRO Bank’s wholly-owned subsidiary, Stater, for 127.5 million euros (about Rs 989 crore). Both the companies... Read more »
The government will now infuse Rs 5,042 crore into state-owned Bank of Baroda (BoB) ahead of merger of two other public sector lenders Dena Bank and Vijaya Bank with BoB. The merger... Read more »
Former Reserve Bank of India (RBI) governor Raghuram Rajan on Wednesday questioned the ‘minimum government and maximum governance’ promise of the Narendra Modi regime, saying the state has gained more power sans any checks... Read more »
The lenders of Essar Steel on Wednesday said that the National Company Law Appellate Tribunal (NCLAT) and meeting of the Committee of Creditors of the debt-ridden firm is going on over distribution... Read more »
Reserve Bank of India is likely to cut repo rate by 25 basis points in the April policy due to weak economic activity, benign inflation and soft global growth, says a report.... Read more »
Prime Minister Narendra Modi, addressing the nation on Wednesday said that India has attained anti-satellite capability, becoming the fourth such country in the world. He said that the mission was completed within... Read more »
The Reserve Bank of India (RBI) has fined Punjab National Bank (PNB) Rs 2 crore after it found out that it violated the compliance with regulatory directions regarding SWIFT operations, the bank... Read more »
The Congress proposal of Nyay, a monthly payout of Rs 6,000 to the poorest 20 per cent, can better assessed with more progressive taxation, which could include a wealth tax on the rich,... Read more »