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Peter, Indrani siphoned off funds from 9X media: CBI

Closing in on the financial trail in the Sheena Bora murder case, the Central Bureau of Investigation on Thursday told a court that former media baron Peter Mukerjea and his wife Indrani allegedly......

Axis Bank buys Citi's India retail business for Rs 12,325 cr

Axis Bank on Wednesday said it will acquire US-based Citi's consumer business in India for Rs 12,325 crore in one of the largest deals in the Indian financial services space which will help it......

Why are foreign banks marching out of retail banking?

Foreign banks set the template in consumer banking in its infancy, but have almost vacated this booming space. Raghu Mohan reports. Illustration: Dominic Xavier/Rediff.com On March 8, Axis Bank......

SBI plans to position YONO as complete digital bank

The country’s largest lender State Bank of India (SBI) will revamp its banking application (app) YONO and position it as a complete digital bank (DB) under a new rubric ‘Only......

RIL raises $4 bn in India's largest-ever foreign currency bonds issue

Reliance Industries Ltd, the nation's most valuable company, on Thursday said it has raised $4 billion (around Rs 30,000 crore) in debt through the largest ever foreign currency bond issuance by an......

Another Anil Ambani firm in big trouble

Reliance Power defaults on interest payment to IDBI and DBS banks. Total outstanding borrowings from banks/financial institutions are Rs 1,194 crore. Reliance Power (RPower) has defaulted on......

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Coming to India and making

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