Mallya remains elusive to India as the United Kingdom informed the government that they cannot comply with their request to deport him
India's roughly $150 billion outsourcing sector generates about three quarters of its revenue from the United States.
Kingfisher to be lager partner at ICC Champions Trophy to be played in UK.
Financial shares were the top losers.
ED's zonal office in Mumbai, they said, is preparing legal papers to take the next step in the wake of Mallya skipping the third summons that required him to "personally" join investigations on April 9.
Pharma shares were the top gainers led by Lupin after the company received EIR from USFDA for its Goa facility
'Flush with funds, lending became a cash management exercise.' 'Road projects, power generation plants, airports etc were financed left and right with apparently no regard for the projects' ability to repay,' explains S Muralidharan, former managing director, BNP Paribas.
UB Group Chairman Vijay Mallya is no longer a member of India's 100 Richest club, even as fortunes of the country's uber-rich have seen a significant growth since last year.
The mass cancellation of coal blocks by the Supreme Court has sent banks in a jittery mode as they have extended over Rs 1 lakh crore loans to power plants that were fed by these mines.
The NSE 50-share index, after moving between 10,469.90 and 10,395.25, finally concluded at 10,458.65, up 41.50 points
It will be headed by Secretary, Department of Financial Services.
Tag for defaults on nearly Rs 7,000 cr loans to long-grounded Kingfisher Airlines
Bankers have hailed the Prime Minister's call to end "financial untouchability" and opened millions of accounts on the inaugural day itself.
Broader market outperformed the headline indices with BSE Midcap and Smallcap finishing the day 1.22%, and 1.54% higher, respectively
Bankers seem to be pleased with the government for keeping its promise of not interfering in operational matters, but are apprehensive about the intense scrutiny of their functioning.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
The S&P BSE Sensex ended up 129 points at 26,843 and the Nifty50 ended up 39 points at 8,220.
With the incessant rains halting the city's lifeline local trains, many office-goers on Friday bicycled to work, calling it the best alternative to reach their destinations in time.
Here's how brokerages across the country are interpreting the exit polls.
The consortium led by SBI has also initiated the process of recovery.
Bad debt rules are steps in right direction.
Rajiv Raj tells you about some easy financing options to deck up your home
Making purchases on your credit card can turn out to be a better idea. Here's why.
SBI announced a 0.40 per cent cut in lending rate to 9.30 per cent, which is the most competitive in the market at present.
Traders believe the RBI will step in more strongly, if the rupee starts falling towards 65
The S&P BSE Sensex shed 42 points to close at 25,838 and the Nifty50 lost 13 points to end at 7,899.
The suspected security breach happened through a malware in the systems of Hitachi Payments Services, which serves ATM network of Yes Bank
The rupee will largely remain stable but with a mild depreciating bias in the next one year
In similarly-worded notices of attachment dated October 17, Sebi asked 11 banks, including ICICI Bank, Bank of Baroda, HDFC Bank, IDBI Bank, Indian Overseas Bank and Standard Chartered Bank, to attach the accounts of the three individuals.
A few state-owned banks such as IDBI Bank, Union Bank, Indian Overseas Bank have announced results for FY14.
Mallya, who is mired in a huge controversy for leaving India on March 2 in the middle of a massive loan default probe, was quoted as having said in an email interview to the Sunday Guardian published on March 13 that time was not 'right' to return to the country.
Following are certain important things that lenders consider while processing loans to self-employed...
market rally, especially in mid-caps, has also been driven by a pick-up in the monsoon and the government's resolve to get the goods and services tax (GST) Bill cleared in the recent session of Parliament.
Experts caution that the rally in these stocks may fizzle out soon, as the overall market sentiment still remains weak.
Mixed global cues and decline in crude oil prices further dent the sentiments.
You can gift your sister a Women Special Credit Card, which is not only loaded with exciting rewards for women, but they are also your sister's first step towards a better credit management.
If this Budget was not packaged and sold as a Budget for the poor and for farmers, Narendra Modi would have lost the next election.
Global cues lift Sensex 364 points; Nifty ends above 8,650.
12 out of 21 public sector banks reported declines in their loan books in the last financial year against seven such banks in 2015-16 and none in 2013-14.
RBI's surprise rate cut has revived sentiments of India Inc.
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