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IndusInd Bank raises $225 million from OPIC to drive MSME lending

At least 25 percent of the proposed facility will support women entrepreneurs and reach previously unbanked populations.

Jun 9, 2017

Promoter principle: Swearing by staying power

Infosys shareholders have an abiding faith in promoter competence. Friday's crash said so.

Jun 9, 2017

Infosys shares fall on media report of stake sale by founders

Shares of the software company fell as much as 3.5 percent to their lowest since May 5.

Jun 9, 2017

mohandas pai, kiran mazumdar shaw, harsh goenka, harsh mariwala, india inc

IT layoffs: Mohandas Pai says graduation in engineering not enough to land a job

IT companies would prefer candidates with post-graduation and expertise, says former Infosys CFO Mohandas Pai.

Jun 8, 2017

TCS shares crash after Nomura, Nirmal Bang downgrade; Sun Pharma, Tata Steel, Dr Reddy's Labs gain

Nomura has a target price of Rs 2,200 and Nirmal Bang Institutional Equities, Rs 1,996.

Jun 8, 2017

Reliance Nippon Life Asset Management, Sundeep Sikka

Reliance Nippon Life Asset Management to be listed in bourses

RNAM is the asset manager to Reliance Mutual Fund and will be the first among the top three players in the asset management sector to list its shares on exchanges.

Jun 8, 2017

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Yes Bank gets shareholder nod to raise Rs 20,000 crore

The approval came at the 13th annual general meeting of the bank held on Tuesday in Mumbai.

Jun 7, 2017

Piramal Finance lends Rs 1,100 crore to Embassy Group

The funding has been done across residential and commercial projects in Bangalore, Chennai and Hyderabad.

Jun 7, 2017

ICICI Bank yet to respond to Rs 48 crore loss caused by NDTV's Prannoy and Radhika Roy

ICICI Bank's agreeing to foreclose a loan taken by Prannoy Roy, his wife Radhika Roy and their company, RRPR Holdings Pvt Ltd. Led to a Rs 48 crore loss, says CBI.

Jun 6, 2017

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Interesting facts about Prannoy Roy's news channel NDTV, its journalists and alleged irregularities

News channel NDTV's promoter Prannoy Roy's residence was raided by CBI for 'irregularities' in ICICI Bank matter; here is a look at the channel, its directors, share price, appointment of journalists.

Jun 6, 2017

adani enterprises, adani coal project in australia

Gautam Adani backs go-ahead for $4 billion Australia coal mine

The company's decision "is a vote of confidence not just in the Queensland economy, but in Queensland people", Queensland Premier Annastacia Palaszczuk said.

Jun 6, 2017

Wipro offshore employees get 5% salary hike; company denies stake sale rumours

The salary hike for offshore Wipro employees was 9.5 percent last year as against 5 percent this year effective from June 1.

Jun 5, 2017

Wipro chairman Azim Premji's salary takes a nosedive by 63% as IT giant sees 4.7% fall in net income

Wipro chairman Azim Premji's took home Rs 79 lakh in FY17 as compared to Rs 2.17 crore in FY16, and this time the drop could be due to the chairman not being paid commission.

Jun 5, 2017