With the deal closing, SoftBank becomes an investor in two of India's largest on-demand cab service -- Uber and Ola.
By registering the fresh case, ED wants to strengthen its probe against the beleagured liquor baron and expedite a slew of actions it has initiated against him
Analysts now expect India Inc to report a decline in both top line and bottom line for the September quarter.
Bank of America has become the first US bank to withdraw job offers made to MBA students graduating from US business schools this summer, citing conditions laid out in its bail-out deal as the reason.
The BJP and TRS took digs at each other over the celebrations marking the annexing of the erstwhile Nizam-ruled Hyderabad state to the Union of India, with the former slamming vote bank politics behind the lack of official commemoration so far while the ruling party warned against communal forces trying to divide the society.
Mayank Goyal, founder and CEO, moneyHOP, will answer queries related to how to best manage your money while travelling internationally.
He was at the bank for about 40 minutes and got his Rs 4,000 exchanged with new notes.
DGCA sources pegged SpiceJet's total dues at Rs 1,600 crore (Rs 16 billion), which the airline owes lessors, vendors, income-tax department and airport operators.
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The NPAs of banks stood at over Rs 3 lakh crore as on December 2014.
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.
World Bank has come across corruption and fraud in its health projects. Indian govt. promises exemplery action against the fraudsters
Keeping the contents of the BBC documentary aside, Rishi Sunak's response needs to be viewed in the backdrop of Britain's historically close relations with Pakistan, argues Lieutenant General Prakash Katoch (retd).
Finance Minister Arun Jaitley sought parliament's approval on Friday to increase the spending budget for this fiscal year by $4 billion, with almost half to be used to inject extra capital into state banks struggling with bad loans.
Overall, the record of the second term reveals a contradiction between the image and the reality. The image, especially on media and social media, is one of the man at the height of his power, and unstoppable. The reality on governance is someone who has found it difficult to get things implemented and unsure of what to do next, points out Aakar Patel.
'I suspect the recovery that the banks are going to get out of this IBC is not going to be more than 30 per cent.' 'If you leave the steel industry aside, the recovery rates are not looking very, very healthy,' Jairam Ramesh tells the Rajya Sabha.
Bad debt rules are steps in right direction.
Your money is protected by the Deposit Insurance and Credit Guarantee Corporation.
Plannning Commission projects economy to grow up to 7.9% in 12th Plan against earlier estimate of 8%.
It will be the first assembly byelection after the collapse of the Uddhav Thackeray-led government in Maharashtra in June, making it a litmus test of his faction's hold over the Sena's vote bank in Mumbai.
Banks and saving institutions in the US appear headed for their first overall quarterly loss since 1990, as troubled loans pile up faster than the federal government's unprecedented efforts to aid the battered industry, a media report said.
So, while it is great that India's numbers look relatively good, don't raise a cheer just yet, points out T N Ninan.
One indication of this was the fact that many large bond buyers stayed away from the Rs 12,000 crore auction conducted on August 7.
Understand the finer points before signing on the dotted line as a guarantor
Rs 50,000-cr loans for 15,000-Mw projects could be heading for restructuring.
Swiss authorities are examining development grants made by FIFA around the world as part of their investigation.
The Congress in Maharashtra is in disarray. Prithviraj Chavan tried to clean up the party and its image, but there is a lack of faith in him within the party and outside, says N Suresh.
The price of bitcoin, the bestselling cryptocurrency, has shrunk nearly three times this year to mark the fate of such digital assets. Crashing prices, regulatory uncertainty and taxes have put Indian crypto exchanges in troubled waters. Finance Minister Nirmala Sitharaman's budget for FY23 announced a 30 per cent tax on any income from the transfer of virtual digital assets.
Singh brothers might be stopped by 'fit & proper' hurdle due to US drug norm violations; firm says confident of qualifying.
November 8 marks 6 years after demonetisation. A K Bhattacharya reveals how the prime minister and the RBI worked together for months before Modi's 8 pm speech. A riveting excerpt from The Rise Of Goliath: Twelve Disruptions That Changed India.
'People trust India and Indians a lot more than they trust China and the Chinese.'
Dy Governor notes it's an era of job changes for better.
SBI remains a favourite of most brokerages in the PSB segment.
The first step you need to take is link your mobile number to Aadhaar.
The BRICS Summit tonight decided to establish the new development bank with an initial authorised capital of $100 billion.
'LIC's proposed investment will come out of what is technically called the 'policyholders funds'.' 'As the name implies, these monies belong to policyholders; that is, you, me and 25 crore others who have taken a total of 30 crore policies from LIC.' 'It is not the government's or LIC's money to play poker with,' says S Muralidharan, former managing director, BNP Paribas.
2013 foreign currency non-resident deposits to mature in Sep-Nov
Former RBI governor Raghuram Rajan on Monday said the central bank will have to raise interest rates to tame inflation and the hikes need not be considered by politicians and bureaucrats as some "anti-national" activity. Known for his frank views, Rajan also said it was important to remember that the "war against inflation" is never over. "Inflation is up in India. At some point, the RBI will have to raise rates, like the rest of the world is doing," he said in a LinkedIn post.
ICICI Bank puts up a good show in Q4.
As the government races to launch its flagship direct cash transfer programme from January 1, the low concentration of Aadhaar card database in the identified 43 districts is a cause of major concern
N Sundaresha Subramanian, Karan Choudhury and Shreya Jai report on the sorry condition of homebuyers who invested in Jaypee Infratech and the Amrapali group's Noida-based projects.
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