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Tue, 02/20/2018 - 01:36

The market started the F&O expiry week on a subdued note as key indices ended with losses over soured sentiments over loan fraud cases in the PSU bank space.

Tue, 02/20/2018 - 01:22

The booming e-retail market is likely to surge over two-fold over the next three years, as players will be forced to shift their focus from discounts to consolidation, geographical diversification, business realignment and enhancing customer stickiness, says a report.

Tue, 02/20/2018 - 01:06

Anti-dumping duty on Chinese tyres had cheered domestic tyre manufacturers, but similar duties on carbon black from China is hurting the industry after their increased demand is not being met by the domestic producers.

Tue, 02/20/2018 - 01:04

Markets are ruling at a high point and there could be corrections along the way, says veteran investor Mark Mobius.

Tue, 02/20/2018 - 01:00

Banking stocks have been hammered on the bourses in the past 3-4 sessions after the PNB fraud came to the light. State-owned lenders have also been weighed down by ever increasing bad loans.

Tue, 02/20/2018 - 00:51

Waking up to plug loopholes in the system, several banks have started moving their officials holding same positions for more than three years.

Tue, 02/20/2018 - 00:45

Every scam has a signature, a hallmark, an ingenious spin in its architecture and construct. The Rotomac swindle has its own DNA.

Tue, 02/20/2018 - 00:42

The Rs 11,560 crore fraud at Punjab National Bank (PNB) by diamantaire Nirav Modi and jeweller Mehul Choksi in association with the bank’s employees has raised serious questions about the monitoring and audits conducted by the central bank in detecting scam.

Mon, 02/19/2018 - 18:42

The Rs 11,560 crore scam at the Punjab National Bank (PNB) has now put the spotlight on overseas officials of other banks as well in an effort to see if they too had fallen victim to fraudsters.  Officials at overseas branches of other banks, where the fraudulently issued Letter of Undertaki

Mon, 02/19/2018 - 18:08

The third quarter earnings season ended on a sombre note, as PSU banks dragged down the overall numbers for a quarter that started on a promising note, with IT, FMCG and private banks giving encouraging signals.

Mon, 02/19/2018 - 18:02

The first stage of the two-part bidding process for selling out national carrier Air India and its five subsidiaries is set to kick off in the next few weeks. An internal panel has already prepared the preliminary information guide for the prospective buyers. ”It should happen by this month-end.

Mon, 02/19/2018 - 17:58

A multi-disciplinary government team involving CBI, ED, DRI and SFIO and the department of income tax sleuths has discovered that the uncle-nephew duo of Mehul Choksi and Nirav Modi were running multiple dubious franchisee schemes through the instrumentality of as many as 150 franchisee companies

Mon, 02/19/2018 - 17:52

The actual recovery of loans by banks under the Insolvency and Bankruptcy Code (IBC) may turn out to be very low with haircuts touching as high as 90 per cent in some cases, causing enormous losses to lenders.

Fri, 02/16/2018 - 20:24

State Bank of India on Friday said it will issue equity shares to government at a price of Rs 300.82 a piece against a capital infusion of over Rs 8,799.99 crore.

The issue price is higher than the prevailing trading price on the stock exchanges.

Fri, 02/16/2018 - 19:38

Walmart Inc is in talks to buy a stake of more than 40 per cent in Indian e-commerce firm Flipkart, a direct challenge to Amazon.com Inc in Asia’s third-largest economy, two sources familiar with the matter said on Friday.

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