Central Bank of India plans to raise Rs 5,000 cr this fiscal in sync with Basel III norms

State-owned lender Central Bank of India (CBI) is plans to raise capital up to Rs 5,000 crore in the financial year 2019-20 through various modes, including rights issue and... Read more »

Interpol issues Red Corner Notice against Nirav Modi

The Interpol has issued a Red Corner Notice against absconding diamantaire Nirav Modi, his brother Nishal Modi and his employee Subhash Parab on the request of the CBI, probing... Read more »

Choksi exported low-quality goods at inflated prices: ED

Gitanjali Group chief Mehul Choksi exported abysmally low quality goods at inflated prices to dummy companies abroad and the group’s books were manipulated by using third-party remittance system, the... Read more »

Vijay Mallya offers to sell assets to repay bank loans

Fugitive tycoon Vijaya Mallya has sought the Karnataka High Court’s permission to let him and his holding firm UBHL sell their assets under judicial supervision and repay creditors, including... Read more »