National & International Financial news and Updates

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$23 bn Idea-Vodafone merger gets conditional go-ahead from exchanges

Idea has given a voluntary undertaking to Sebi that it will not dispose of shares purchased by one of its promoters before the merger announcement.

Aug 8, 2017

General Insurance Corp files for IPO, may raise over $1 bn

Will issue 124.7 mn shares comprising 14.22 percent of capital.

Aug 7, 2017

Bad loans meet: Lenders to discuss future of defaulters identified by RBI

Most of the debt is unsustainable and so high that these companies won't be able to repay it in next 25-30 years.

Aug 7, 2017

Syndicate Bank posts June quarter net loss of Rs 263 crore

Total income during the first quarter of 2017-18 also fell to Rs 6,171.49 crore

Aug 5, 2017

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SBI-led consortium orders forensic audit of Videocon's financial books

The debt restructuring process would commence only after KPMG concludes the audit.

Aug 4, 2017

Letting go, slowly: Govt to divest up to 25% stake in 4 defence firms via IPO floats

The government has so far sold equity in Hindustan Copper, Cochin Shipyard, HUDCO, L&T and the Dredging Corporation, among others.

Aug 4, 2017

Rated tame: RBI behind curve on rate cuts, say frustrated Indian officials

Headline inflation reflects a structural shift, and is low enough to warrant more aggressive cuts, say senior govt officials.

Aug 3, 2017

I-T officials raid Karnataka minister DK Shivakumar

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I-T department raids Karnataka minister DK Shivakumar's residence, Bengaluru resort housing 44 Gujarat MLAs [VIDEO]

The Income Tax department conducted raids at the residence of Karnataka minister D.K. Shivakumar and his brother D.K. Suresh

Aug 2, 2017

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Above the table: GST gets it right on the money

The landmark reform's biggest loophole will appear in the form of our systemic inability to discard old paradigms.

Jul 31, 2017

Esops fable might turn sour if 8 lakh bank staff fail to recover bad loans

Scheme planned to come into force in 2017-18; most state-run banks have provision coverage ratio less than 65 percent.

Jul 31, 2017

Going bust: Steeling up for insolvency, and the intriguing case of Electrosteel

When management promises turn out to be sheer mirage, there arise glaring examples of the high quantum of mismanagement which banks and taxpayers face.

Jul 27, 2017

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Business news

$23 bn Idea-Vodafone merger gets conditional go-ahead from exchanges

General Insurance Corp files for IPO, may raise over $1 bn

Bad loans meet: Lenders to discuss future of defaulters identified by RBI

Syndicate Bank posts June quarter net loss of Rs 263 crore

SBI-led consortium orders forensic audit of Videocon's financial books

Letting go, slowly: Govt to divest up to 25% stake in 4 defence firms via IPO floats

Rated tame: RBI behind curve on rate cuts, say frustrated Indian officials

I-T department raids Karnataka minister DK Shivakumar's residence, Bengaluru resort housing 44 Gujarat MLAs [VIDEO]

Above the table: GST gets it right on the money

Esops fable might turn sour if 8 lakh bank staff fail to recover bad loans

Going bust: Steeling up for insolvency, and the intriguing case of Electrosteel

RBI stops printing Rs 2000 notes, focus turns to new Rs 200 [VIDEO]

SC asks Sahara's Subrata Roy to deposit Rs 1,500 cr to stall auction of Aamby Valley

Shikha Sharma never said Ta-Ta, protests Axis Bank

Cochin Shipyard floats Rs 1,400-crore IPO despite grim shipbuilding prospects