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over 2 100 companies settle rs 83 000 crore bank dues

Over 2,100 companies settle Rs 83,000 crore bank dues

Over 2,100 companies have cleared their outstanding amounts, a majority of which came after the government amended the IBC........

government mulls new bank to fund women shgs

Government mulls new bank to fund women SHGs

Government is considering setting up a “special bank” to finance women’s self help groups by increased credit flows. An expert committee will explore options of such a bank and if the credit needs of SHGs can be better served by an apex financial body with members drawn from such women’s groups, along the lines of Andhra Pradesh’s ‘Streenidhi cooperative’.........

tata motors to sell aerospace and defence business

Tata Motors To Sell Aerospace & Defence Business

Tata Motors on Thursday announced the sale of its defence and aerospace business to Tata Advanced Systems Limited (TASL). The move appears to be an attempt to reduce its debt. Tata Motors has said that it will continue to provide civilian logistic vehicles to its defence costumers like India's Ministry of Defence.........

sebi serves notice to icici bank s chanda kochhar in videocon loan case

Sebi serves notice to ICICI Bank’s Chanda Kochhar in Videocon loan case

Capital markets regulator Securities and Exchange Board of India (Sebi) has started proceedings against ICICI Bank Ltd for non-disclosure of information in the alleged issue of conflict of interest in granting loans to Videocon Group.........

airlines may bundle wifi with flight ticket costs

Airlines may bundle WiFi with flight ticket costs

Ever since the telecom commission approved WiFi services in domestic flights on 1 May, there has been interest from several airlines........

idbi bank s net loss widens to rs 5 663 crore in q4 as bad loans surge

IDBI Bank’s net loss widens to Rs 5,663 crore in Q4 as bad loans surge

State-owned IDBI Bank reported a widened net loss at Rs 5,662.76 crore in the quarter ending March 2018, due to higher provisioning for non-performing assets (NPAs).........

ed files charges against nirav modi to approach interpol in pnb case

ED files charges against Nirav Modi, to approach Interpol in PNB case

The Enforcement Directorate (ED) on Thursday filed its first charge sheet in the Punjab National Bank (PNB) fraud.........

no free jet airways tickets says airline as it alerts flyers about fake contest

No free Jet Airways tickets, says airline as it alerts flyers about fake contest

A message that is widely being shared on social media and WhatsApp claims that the airline is offering two free tickets to every family to celebrate its 25 years.........

new chairpersons appointed for 3 psu banks

New Chairpersons Appointed for 3 PSU Banks

As per the recommendations of Banks Board Bureau, the Indian government has appointed non-executive chairpersons for three public-sector banks........

patanjali s gambit is paying off in toothpaste wars

Patanjali’s gambit is paying off in toothpaste wars

The share of Patanjali Dant Kanti in the toothpaste market more than doubled to 6.7% from a year ago, lowering the share of the top three brands—Colgate, Pepsodent and Dabur—to 86.8% from 92% in 2012........

sterlite protests land a blow to vedanta boss anil agarwal s ambitions

Sterlite protests land a blow to Vedanta boss Anil Agarwal’s ambitions

In reference to the Goa mining and the ongoing Sterlite protests in Thoothukudi, Tamil Nadu, Anil Agarwal tweeted that Vedanta was the victim of a foreign conspiracy aimed at keeping India reliant on imports........

softbank to sell its entire flipkart stake to walmart

SoftBank to sell its entire Flipkart stake to Walmart

SoftBank Group Corp has said that it is selling about 20 percent stake in Indian e-commerce firm Flipkart to Walmart Inc.........

homebuyers to be treated on a par with lender

Homebuyers to be treated on a par with lender

The government on Wednesday moved to amend the Insolvency and Bankruptcy Code (IBC) and treat home-buyers as financial creditors or at par with banks.........

sbi reports rs 7 718 crore loss on mounting bad loans in q4

SBI reports Rs 7,718 crore loss on mounting bad loans in Q4

The country's largest lender State Bank of India (SBI) reported a standalone net loss of Rs 7,718 crore in the fourth quarter (January-March) of the fiscal year 2017-18.........

pnb fraud bank s former md ceo knew about nirav modi s fraudulent deals says cbi

PNB Fraud: Bank's Former MD, CEO Knew About Nirav Modi's Fraudulent Deals, Says CBI

CBI has alleged that Allahabad Bank MD and CEO Usha Ananthasubramanian and other senior officials were in the know of diamond merchant Nirav Modi’s fraudulent dealings yet they kept the RBI in the dark.........

npas of private banks jumped up by 450 percent over last 5 years

NPAs of Private Banks Jumped up by 450 Percent Over Last 5 Years

Gross Non-Performing Assets (NPAs) of private banks have jumped up by 450 percent over the last five years to Rs 1,09,076 crore at the end of the financial year 2017-2018 from Rs 19,800 crore at the end of the financial year 2013-2014.........

tata sky will be the supplier of netflix hotstar amazon prime cmd harit nagpal

Tata Sky will be the supplier of Netflix, Hotstar, Amazon Prime: CMD Harit Nagpal

Direct-to-home television company Tata Sky Ltd’s net profit has jumped to Rs408 crore in the fiscal ended March 2018 compared to Rs8 crore in the previous year. It’s profit margin also saw an improvement at 7.1% compared to 0.1% in the year-ago period.........

govt will soon find solution to surging fuel prices dharmendra pradhan

Govt will soon find solution to surging fuel prices: Dharmendra Pradhan

Union petroleum minister Dharmendra Pradhan has said the increase in fuel prices was due to reduced production of oil in Organisation of Petroleum Exporting Countries (OPEC) and hike in crude oil price in the international market.........

rbi imposes rs5 crore penalty on south indian bank for flouting rules

RBI imposes Rs5 crore penalty on South Indian Bank for flouting rules

Reserve Bank of India (RBI) has imposed a Rs5 crore penalty on South Indian Bank for deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. It said that gross bad loans reported as on 31 March 2017 were Rs8.39 crore lower than the assessment of the RBI.........

prices of gold slip amidst seven year high us treasury yields

Prices of Gold Slip Amidst Seven-Year High US Treasury Yields

The prices of gold slid on Friday to the nearest low level this year, due to the firm U.S. dollar apart from the rising U.S. Treasury yields.........