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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

All your credit card use reflects in your credit history which is shared by card and loan companies with credit rating agencies such as Cibil and Experian.Business
Here is how you can use credit card to keep away from additional...

While some of the charges are compulsory for using a credit card, some charges can be reversed or avoided.

30 July 2019 6:05 PM IST

In an earlier report, the committee had recommended the option of handing over the management of BSNL and MTNL to those professionals who have a proven track record of facing a stiff competitive environment coupled with efficient management of finances, equipment, manpower and modern marketing strategies.Business
DoT working on proposal for MTNL, BSNL merger; final call by Cabinet:...

The net worth of BSNL stood at Rs 34,276 crore, while MTNL had a negative networth of Rs 9,735 crore as on April 1,...

30 July 2019 4:11 PM IST

Gold was available for $2 premium over and above the landed rate 15 days back. After the steep rise, it is now available for a discount of $14 per ounce, said Suresh Hundia, former President of the Bombay Bullion Association.Business
Gold climbs Rs 160 on jewellers' buying; silver gains Rs 150

Silver also firmed up by Rs 150 to Rs 42,050 per kg on increased offtake by by industrial units and coin makers.

30 July 2019 4:09 PM IST

The Sensex crashed over 505 points to slip below the 38,000-level as rupee woes and global trade war worries spooked investors despite the government announcing a slew of measures to stem a steep fall in the domestic currency.Business
Sensex tanks over 289 points; bank, auto stocks drag

The 50-share NSE Nifty too dropped 103.80 points to settle at 11,085.40.

30 July 2019 3:20 PM IST

The financial creditors would vote for the second time on the resolution plan for Jaypee Infratech.Business
NCLAT extends Jaypee Infratech insolvency period by 90 days

Appellate tribunal rejected the plea of Jaiprakash Associates Ltd, the promoters of Jaypee Infratech, to be eligible to...

30 July 2019 3:02 PM IST

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