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Karnataka Bank reports Rs 86 crore fraud: Mehul Choksi's Gitanjali Gems involved

Karnataka Bank has reported a fraud to Reserve bank of India amounting to Rs 86.47 crore in the fund based working capital facilities extended to Gitanjali Gems Limited.

Mar 29, 2018

ICICI Bank-Videocon loan case: What is the Chanda Kochhar connection?

While the board of the lender has come out in support of bank's MD & CEO Chanda Kochhar, concerns still linger.

Mar 29, 2018

ICICI Bank fined Rs 58.9 crore by RBI: Know why

The penalty news comes a day after ICICI Bank clarified it stands on the bank's loan exposure to Videocon Group.

Mar 29, 2018

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Lone analyst says sell ICICI Bank and he may be right

The Singapore-based Sanford C. Bernstein & Co analyst has a bearish call with a "buyer beware" warning on the whole banking industry.

Mar 28, 2018

Income tax department freezes Cognizant's bank accounts in Chennai, Mumbai

Nasdaq-listed Cognizant's Indian unit allegedly failed to pay tax of more than Rs 25 billion ($386 million) in the 2016-17 financial year.

Mar 28, 2018

Aircel shutdown leaves 5,000 employees in lurch over salary dues

The Gurugram-based firm was in talks to merge with Reliance Communications, but the talks failed to materialize and the carrier then decided to shut down operations in 6 regions.

Mar 27, 2018

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SBI, PNB and ATM service providers under tax scanner

To avoid payment of VAT and the wrongful claim of the tax credit, the revenue department's intelligence unit has started an investigation into certain banks and ATM service providers.

Mar 27, 2018

ICICI Securities IPO undersubscribed: Did high valuations deter wealthy investors?

The portion of shares kept aside for retail investors and high net-worth individuals were subscribed 88 percent and 36 percent, respectively.

Mar 27, 2018

Jio top innovator brand in India, Har Ghar Modi innovative campaign: Survey

The survey selected Har Ghar Modi, Padman Challenge, Reliance Jio Digital India, Me Too Campaign, and Swachh Bharat as the five most innovative campaigns in various categories.

Mar 26, 2018

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UPI winning the race: India's homegrown payment system beats Visa, Mastercard

The interface is regulated by the RBI and works by instantly transferring funds between two bank accounts on a mobile platform.

Mar 26, 2018

Amazon still lags Flipkart: Is it only about the head-start?

While Amazon is slowly bridging the gap with Flipkart, the Silicon Valley giant still lags behind the homegrown rival when it comes to introducing business innovations.

Mar 26, 2018

Snub to US? China, India in $2.4bn deal to boost agri-products trade

The trade boost comes ahead of a proposed meeting between Commerce Minister Suresh Prabhu and his Chinese counterpart Zhong Shan in New Delhi this week.

Mar 26, 2018

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Indian applicants for US EB-5 visas seen plunging 80%: CanAm

The forecast comes amidst a proposal by the U.S. government to raise the investment amount from $0.5 million to $1.3 million for EB-5 visa applications by next year.

Mar 26, 2018

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H-1B Visa application and process: What you need to know

The petitions for H-1B visas will be accepted from April 2 and the filing of the petition for the fiscal year 2019 will starts on October 1, 2018.

Mar 24, 2018

Flipkart initiates aggressive tech hiring: Is it going Amazon way?

Flipkart has over 700 open positions in technology and related areas and planning soon to open a logistics park in Karnataka for enhancing its productivity.

Mar 23, 2018