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Arun Jaitley

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 ATM

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
sbi bonus issue, sbi bonus history, sbi q4 results, sbi share price, state bank of india q4 results, sbi chairperson arundhati, sbi merger, sbi sensex

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
Mazagon Docks

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
RBI, Reserve Bank of India

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 Play

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
GST protests Play

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
Banks third party products

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
ICICI Bank

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
RBI stops printing Rs 2000 notes Play

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

The govt plans to slowly phase out higher denomination notes. Jul 26, 2017
Sahara group

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

The Sahara chief, who is out on parole since May 6 last year, was arrested for Sahara group's failure to return investor money. Jul 25, 2017
Shikha Sharma

Shikha Sharma never said Ta-Ta, protests Axis Bank

Bank rubbishes report which claimed that its Chairman Shikha Sharma is joining Tata Group. Jul 25, 2017
Cochin Shipyard

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

Post IPO allotment, the government will hold a 75 percent share in the shipbuilder, while the balance 25 percent will be held by the public. Jul 25, 2017
BSE Metal Index

India's Big Steel enigma: Grey hair, red ink, but blue skies?

Highly leveraged steel companies working on thinning margins augur ill for the balance sheets of banks. Jul 24, 2017
Prime Minister Narendra Modi

PM lauds contributions of CA community, while govt mulls regulatory body

The new agency -- which can have up to 15 members, including the chairman -- is mandated to advise on issues related to audit and accounting standards. Jul 24, 2017
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