Finance

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

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

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

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

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 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 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

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

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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HDFC Bank Q1 net profit rises 20%, despite increasing bad loans

The bank's net profit rose 20.2 percent to Rs 3,894 crore in the first quarter of fiscal year 2018

Jul 24, 2017

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NPA crisis: Cleaning up bad loan mess is the priority, says RBI

Last month, the RBI referred 12 NPA accounts, accounting for 25 percent of bad loans in the banking system, for resolution under the Insolvency and Bankruptcy Code (IBC).

Jul 23, 2017

Megahurts: 6 telecoms dodged license fee, spectrum charge, fudged income by over Rs 61,000 crore

Shorted revenues at Rs 7,697.62 crore; Bharti Airtel, Vodafone, Aircel, Idea, Reliance Communication and Sistema Shyam Teleservices Ltd named in CAG report.

Jul 22, 2017

Vijaya Bank net profit defies bad loan drag, jumps over 57% to Rs 255 crore

On the 12 stressed accounts chosen by the Reserve Bank of India last month under the insolvency and bankruptcy law, Vijaya Bank's total exposure is Rs 12,800 crore

Jul 22, 2017