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Private sector lender Axis Bank on Tuesday failed to meet street expectations as it reported higher slippages and had higher write-offs during Q1FY20.Business
Axis Bank numbers disappoint Street

The bank said it downgraded Rs 2,242 crore into the BB pool during the quarter mostly from stressed groups.

31 July 2019 2:07 AM IST

Chairman of the Aditya Birla Group, Kumar Mangalam Birla. (Photo: PTI)Business
Birla: Cement demerger this quarter

While addressing shareholders at the 122nd AGM of the company here on Tuesday, Birla said during 2018-19.

31 July 2019 2:03 AM IST

Indiabulls Real Estate posted a 95 per cent decline in its consolidated net profit at Rs 108.56 crore for the fourth quarter of the last fiscal as against Rs 2,181.13 crore in the year-ago period, according to a regulatory filing.Business
Indiabulls shares plunge again

Analyst says Indiabulls Group was in a structural downtrend as its business model had been shaken.

31 July 2019 1:59 AM IST

V G SiddharthaBusiness
Lonely at the top?

In 1999, he was roped in by IT veteran Ashok Soota when Subroto Bagchi, Rostow Ravanan and KK Natarajan were launching...

31 July 2019 1:56 AM IST

Caf© Coffee Day owner V G SiddharthaBusiness
Coffee Day, Sical stocks hit lower circuit

Income Tax department had attached 4.5 per cent Mindtree stake to cover any tax liabilities prior to stake sale to L&T.

31 July 2019 1:06 AM IST

After blowing the lid off the big-ticket IL&FS scam, the Serious Fraud Investigation Office (SFIO) is likely to look into the mega fraud alleged against Indiabulls Group by Rajya Sabha member Subramanian Swamy.Business
SFIO may probe charges against Indiabulls Group

The agency is looking forward to directions from the government to formally begin the investigation.

31 July 2019 1:03 AM IST

V.G. SiddharthaBusiness
Assessing situation after disappearance of chairman V G Siddhartha:...

The company said Siddhartha is not reachable since Monday evening. 'We are taking the help of concerned authorities'.

30 July 2019 9:48 PM IST

Delhi is the first to slash electricity tariffs among those states that revised power prices for 2018-19 in the past three months.Business
Southern states gear up for Letter of Credit system for power...

The power ministry has made it mandatory for discoms to open and maintain adequate Letter of Credit as payment security...

30 July 2019 7:27 PM IST

With multiple agencies probing the alleged Rs 13,000-crore fraud at state-run Punjab National Bank, the Reserve Bank of India (RBI) says it has conducted its scrutiny and the matter is currently under examination for \enforcement action\.Business
Economic Affairs Secretary Chakraborty nominated on central board of...

The nomination of Atanu Chakraborty is effective from July 29 and until further orders, RBI said.

30 July 2019 7:12 PM IST

Johannesburg residents calling a local radio station complained they had been left without power as a result of the ransomware. (Representational Image)Business
Power Finance Corporation board okays raising Rs 70,000 cr in one year

The proposal would be placed for shareholders' approval in an AGM of the company on August 27, said the statement.

30 July 2019 7:04 PM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.Business
Rupee settles 10 paise down at 68.85 vs USD

Forex traders said strengthening of the greenback against Asian currencies weighed on the domestic unit.

30 July 2019 6:25 PM IST

Sebi has begun looking into the matter for any possible disclosure and corporate governance-related lapses.Business
Sebi fines ex-FTIL vice-president Naisadh Desai Rs 12 lakh for...

As per Sebi's order, Naisadh Desai was senior vice-president and company secretary of FTIL from Mar 2008 to Sep 2013.

30 July 2019 6:19 PM IST

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