Business news

Vijay Mallya laundered Rs 500 crore of Rs 900 crore IDBI loan, bought home in London with borrowed money

Mallya diverted the loan money to at least seven countries, including the US, the UK, France, Switzerland and Ireland. Read to know how the details came out.

Oct 5, 2017

Future Group to acquire Hypercity for Rs 700 crore

Kishore Biyani-led Future Retail has already acquired four major retail brands; Hypercity will become the fifth on Biyani's kitty.

Oct 5, 2017

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Former Equifax chief apologises to Congress over hack

The former head of Equifax apologised repeatedly on 3 October at a congressional hearing for the theft of millions of people and amp;#39;s personal data in a hacking breach. Equifax said an independent review had increased the estimate of potentially affected U.S. consumers by 2.5 million to 145.5 million.

Oct 4, 2017

Rajnish Kumar to succeed Arundhati Bhattacharya as SBI chairman

The Banks Board Bureau had interviewed four SBI managing directors -- Rajnish Kumar, P K Gupta, B Sriram and Dinesh Kumar Khar -- for the top position.

Oct 4, 2017

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Health of India's corporate finances improves despite economic slowdown

ICRA's data showed a turnaround of sorts in corporate finances during the first half of the current fiscal year. Another rating agency Crisil also suggested a massive improvement.

Oct 4, 2017