Finance

CBI chargesheet against Mallya likely in a month; bank officials may be named accused

This would be first chargesheet in the case pertaining to loans of over Rs 6,000 crore given to Kingfisher by a consortium of 17 banks led by State Bank of India which alone had an exposure of Rs 1600 crore.

Sep 16, 2018

Who is Purvi Modi? Nirav Modi's money manager on Interpol list

Nirav Modi had two trusts and a few shell companies through which Purvi Modi, his sister, conducted the transactions.

Sep 11, 2018

Only one third of working Indians save up for retirement: Report

The lack of saving is likely linked to low knowledge of how much money is needed in retirement, as well as many prioritising their immediate financial situation over planning for their older years

Sep 9, 2018

DMK will participate in Bharat Bandh called by Cong, says Stalin

DMK President said the centre was not interested in passing on the benefits of lower crude oil prices to the people.

Sep 7, 2018

PNB fraud Mehul Choksi's properties are money laundering assets: PMLA Authority

Mehul Choksi is at present based in the Caribbean nation of Antigua and India has sought his extradition from that country.

Sep 2, 2018

Black money: Deposits of Indians in tax havens fell 62% in 2017, says report

Money deposited in bank accounts in Luxembourg have come down to $11 million in 2017 from $29 million in 2013. In Jersey, the deposits decreased by 17.6 per cent from $261 million in 2013 to $215 million in 2017.

Aug 22, 2018

India's small to mid-sized renewable energy firms fighting consolidation wave

Small to mid-sized renewable energy companies in India are starting to look like attractive takeover targets as lenders and investors withhold funds, worried by the stiff competition, weak bond markets, low tariffs and high debt besetting the sector.

Aug 22, 2018

Asset-backed cryptocurrency investment: The inside story

"You have to think of the Blockchain as a new utility. As in, it is a new utility network for moving value and for moving assets" - William Mougayar, author.

Aug 20, 2018

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India's wholesale inflation eases to 5.09% amid lower food prices

On a sequential basis, the expenses on primary articles, which constitute 22.62 percent of the Wholesale Price Index's total weightage inched up by 1.73 percent, from an increase of 5.30 percent in June 2018.

Aug 14, 2018

Who is Usha Ananthasubramanian? CBI and RBI to investigate sacked Allahabad Bank CEO's role in PNB fraud case

Usha Ananthasubramanian had served as the CEO of Punjab National Bank from August 2015 to May 2017.

Aug 14, 2018

State Bank of India Q1 loss at Rs 4,876 crore on higher provisioning for NPAs

The country's largest lender's NPAs during the quarter in review rose to 10.69 percent of its total advances, as compared to 9.97 percent in the same period a year ago.

Aug 11, 2018

Bhushan Steel ex MD Neeraj Singhal arrested for siphoning funds worth Rs 2,000 cr

The investigating team stated that the ex-MD was guilty under Companies Act, 2013.

Aug 10, 2018

New US sanctions hit Russian market; rouble hits two-year low

The Russian currency is on track for its deepest weekly fall since early April when it lost 6.7 percent.

Aug 9, 2018

RBI tightens grip on non-compliant NBFCs; cancels 368 licences

The financial stability report made by the Reserve Bank of India stated that the aggregate balance sheet size of the NBFC sector stood at Rs 22.1 trillion as of March 31.

Aug 8, 2018

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Crackdown on black money? Switzerland govt likely to share HSBC bank data with India in 10 days

The Supreme court of Switzerland has ordered the Swiss government to share HSBC account details of Indian citizens for the Indian government to investigate tax fraud and undisclosed foreign investments.