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  Business   Companies  13 May 2019

Business, Companies, 13 May 2019

ED attaches property worth over Rs 2 crore in Axis Bank demonetisation case

According to officials Mohit Garg and Rajeev Singh Kushwaha illegally earned a commission at 15 pc of total amount deposited.

13 May 2019 7:51 PM

Nabard announces Rs 700-cr VC fund for agri, rural startups

The fund has been launched by Nabventures, a subsidiary of NABARD, and has a proposed corpus of Rs 500 crore.

13 May 2019 6:46 PM

ITC Q4 net profit rises 18.72 pc to Rs 3,481.9 crore; Sanjiv Puri is new Chairman

Shares of ITC closed 3.09 per cent down at Rs 288.50 on the BSE.

13 May 2019 4:41 PM

EY probes cashback fraud at Paytm Mall, to build tech-driven prevention system

Some employees Paytm allegedly worked with third-party vendors and created fake orders to siphon off cashback offers.

13 May 2019 4:16 PM

Allahabad Bank cuts lending rate by 5 bps

Most of the loans including housing loans are benchmarked against MCLR for one year.

13 May 2019 2:38 PM


Amul expects revenue to grow by 20 per cent to Rs 40,000 cr in 2019-20

GCMMF posted 13 per cent increase in its turnover at Rs 33,150 crore during 2018-19 from Rs 29,225 crore.

13 May 2019 2:03 PM

HDFC Q4 profits rises 27 per cent to Rs 2,862 crore

Total income during the quarter rose to Rs 11,586.58 crore as against Rs 9,322.36 crore.

13 May 2019 1:33 PM

Home Ministry cancels registration of Infosys Foundation

Registration cancelled for alleged violation of norms in receiving foreign grants said officials,

13 May 2019 1:31 PM

Jet Airways slumps after reports of Etihad's non-binding offer

Etihad wanted a commitment from banks on additional loans once it infuses equity into the company.

13 May 2019 11:02 AM

De-duplication of Indian consumer data to complete by year-end: Mastercard

The moves comes in the backdrop of the regulator RBI asking such payment technology firms to comply with data localisation norms.

13 May 2019 10:41 AM