Kolkata-based United Bank of India, which had earlier declared Kingfisher Airlines and its four directors, including Mallya as wilful defaulters, on Tuesday identified UBHL, the guarantor of the grounded Kingfisher Airlines, also a wilful defaulter.
The fierce litigious fight for little-known Birla Corporation marked the first major controversy for this storied and reserved business family.
Experts say it's not only important to get due-diligence done by an independent firm but it needs to be cross-checked, too.
Banks have swung into action as gold prices continue to slide. Reduced loan-to-value ratio (LTV), cautious lending, and a close monitoring of the gold loan portfolio have prompted them to hedge their loan books against the reduction in prices.
Customers using e-commerce websites are young and techno-savvy.
Even as State Bank of India, the country's largest lender, has decided to charge its customers for more than five transactions through automated teller machines (ATMs), private sectors banks continue to be on a wait-and-watch mode.
Bankers say it's a question of survival for debt-heavy companies.
Some feel that Tata Steel has put these assets on the block only after exhausting all the options.
Samvat 2070 was a great year for top Indian conglomerates in the stock markets.
China has cast a long shadow on India's economy.
On Reva, Mahindra says electric cars are an innovation that can disrupt the automobile sector.
Revivals nearly double q-o-q to 36 in September, highest in 3 years
But earnings of main private holding firm get a booster dose from RIL dividend
Top companies in China are valued at 7.7 times the trailing 12-month earnings against a P/E ratio of 18.6 times for Nifty 50 companies.
Engineering conglomerate fended off three corporate raids but emerged stronger.
From selling 14,000 Jeeps in 1973, we slipped to selling just 7,000 vehicles within just three-and-a-half years by 1976.
According to documents accessed by Business Standard, RIL increased its direct stake in Jio to 98.9 per cent as on March this year by pumping more capital into the company.
Riding on a stock market boom since 2009, India Inc's chief executives have been able to salvage a lot of lost pride in their second innings.
Forty years on, ironically, the managerial attention to new businesses has meant almost 40 per cent of revenues now come from the non-tobacco business.
SBI's number of foreign offices increased from 186 in March 2013 to 190 in March 2014, in 36 countries.
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