Regulation

ED probing kickback angle to Chanda Kochhar role in orders granting major loans

The former CEO of ICICI Bank and her husband are now under the scanner over loans to Sandesara brothers-led Sterling Biotech and troubled Bhushan Steels.

Apr 24, 2019

Once bitten, twice shy: Roots of Etihad's reluctance over Jet Airways rescue plan

Etihad's non-binding expression of interest in Jet rescue plan is only the first step in a long and cautious journey for UAE national carrier in a bid to avoid pitfalls it stepped into earlier.

Apr 12, 2019

Will Naresh Goyal return to Jet Airways? All eyes on him as bid deadline nears

Naresh Goyal can offer an expression of interest in Jet's debt resolution plan and has a remote chance of returning to controlling role but will have uphill task convincing lenders to ignore possible objections of Etihad.

Apr 12, 2019

Jet Airways on borrowed time as investors cold to lenders' rescue plan

The SBI-led banks' consortium hints at investment possibility of up to 75% stake in debt-laden Jet while expression of interest is set to close on Wednesday.

Apr 9, 2019

L&T heads to US and EU for anti-trust watchdogs approvals for Mindtree takeover

After getting Indian competition czar's nod for buying a 66 per cent controlling stake in Mindtree, L&T needs approval in key markets for the Rs 10,700-crore acquisition.

Apr 7, 2019

New income tax return forms expected to ease automation of expats' claims

Expats claiming returns under double tax avoidance treaties are required to provide overseas residential details, tax identification numbers and residential status in India.

Apr 6, 2019

Will banks reduce housing, car loan interest after RBI's rate cut?

RBI expects banks to bring down interest rates on housing and car loans unlike in February when the lenders resisted advise to transfer the rate cut benefit to customers.

Apr 5, 2019

Will Supreme Court order quashing RBI note on stressed loans create more Nirav Modis?

In the aftermath of the court order, banks may turn more to the 'Project Sashakt' to deal with stressed assets above Rs 500 crore.

Apr 3, 2019

RBI plans series of steps to boost economy's liquidity ahead of Lok Sabha elections

Another round of rate cut, the second tranche of dividend payment to government and a rupee-dollar swap auction are on the cards.

Apr 2, 2019

With 9,500 branches and 13,400 ATMs, Bank of Baroda now 2nd largest PSU bank after SBI

The RBI had said on Saturday that all outlets of Bengaluru-based Vijaya Bank and Mumbai-based Dena Bank will begin functioning as outlets of Vadodara-headquartered BoB from Monday.

Apr 1, 2019

Heart over head, poor acumen and lack of foresight? Mindtree's parallels with Infosys

L&T has deployed Rs 10,733 crore war chest to accumulate 66.41% of Mindtree shares after buying up Café Coffee Day founder VG Siddhartha's 20.32% stake.

Mar 25, 2019

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Jet Airways in free fall as Etihad pulls out of rescue deal

Jet Airways has been staring at an abyss with more flights getting cancelled every day as lessors ground aircraft over the payment defaults.

Mar 21, 2019

L&T's Rs 10,733 crore bid for Mindtree not a 'hostile takeover', says CEO Subrahmanyan

Urging Mindtree promoters to get over emotions and move forward, Subrahmanyan vows there will be no merger for 'some time'.

Mar 20, 2019

Antitrust officials raid traders including Glencore over 'pulses price fixing'

India had allowed duty-free import of pulses, including chickpeas and black lentils, after two years of drought pushed the prices up in 2015.

Mar 17, 2019

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Buffett rubbishes Modern Monetary Theory that opposes taxes, govt borrowing

Berkshire Hathaway boss joins economists trashing MMT that advocates printing currency to sustain government expenses.

Mar 16, 2019

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