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NDA and UPA: Not all that different, after all

Similarities between NDA and UPA on some key policy issues are now becoming too stark to be ignored, says A K Bhattacharya. Illustration: Dominic Xavier/Rediff.com. Similarities between the......

Consumer stocks losing out to industrial ones as market corrects

Foreign investors are also getting cautious on emerging markets including India.  Consumer stocks have been the clear losers in what has been the biggest market correction in the recent times.......

Kingfisher diverted Rs 263 crore of IDBI loan for personal use

The charge sheet has now paved way for the CBI to approach authorities in the UK for deportation of Mallya. Kingfisher Airlines allegedly diverted Rs 263 crore (Rs 2.63 billion) from Rs 900 crore......

Non-bailable warrant against Mallya in IDBI fraud case

In more trouble for liquor baron Vijay Mallya, an arrest warrant was on Monday issued against him by a special court in connection with the money laundering probe in the over Rs 900-crore (Rs 9......

UB Group denies Kingfisher loans funded offshore property

State-run IDBI Bank is one of Kingfisher's more than a dozen creditor banks.  Embattled Indian tycoon Vijay Mallya's UB Group has denied allegations that it used Rs 4.3 billion ($65 million)......

ED interrogates IDBI officials in Kingfisher loan case

Investigators asked how the loan was given, which had poor financials and negative net worth The Enforcement Directorate interrogated five serving and former executives of the IDBI Bank in......

Now, ED summons Mallya in IDBI fraud case

Sources said Mallya has also been asked to furnish documents related to his personal finances The Enforcement Directorate(ED), on Friday, issued summons for appearance to liquor baron Vijay Mallya......
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IDBI Bank crafts turnaround plan; to focus on NPA recoveries

Hit by weak profitability and deteriorating asset quality, state-run IDBI Bank today said it has formulated a turnaround strategy focusing on... ...

http://www.dnaindia.com/business/report-idbi-bank-crafts-turnaround-plan-to-focus-on-npa-recoveries-2450719
IDBI Bank plans to raise extra capital, sell non-core assets for turnaround

The firm expects to improve its financial position and reassure investors through these measures ...

http://www.business-standard.com/article/finance/idbi-bank-plans-to-raise-extra-capital-sell-non-core-assets-for-turnaround-117052500898_1.html
Sensex snaps 3-day losing streak, gains 448 points to post new closing high

With the bulls staging a strong comeback, the Indian stock market snapped a three-day losing streak and ended on a high note on Thursday. The mood... ...

http://www.sify.com/finance/sensex-snaps-3-day-losing-streak-gains-448-points-to-post-new-closing-high-news-sensex-rfzqAPihefcca.html
Moody#39;s downgrades IDBI; bank says govt support continues

The rating actions reflect the significant deterioration in IDBI#39;s financial profile, driven by asset quality issues and the heightened risk to... ...

http://www.moneycontrol.com/news/business/moody39s-downgrades-idbi-bank-says-govt-support-continues_8969881.html
Govt capital infusion in IDBI on course

The government's plan for infusing capital in ailing public sector lender IDBI Bank are on, despite the Reserve Bank (RBI) putting it under Prompt... ...

http://www.business-standard.com/article/finance/govt-capital-infusion-in-idbi-on-course-117052401681_1.html

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