Vijay Mallya left India on March 2, presumably for London.
Private lenders were among the top losers along with RIL.
HDFC Bank, the country's second-largest private sector bank, has cut its base rate by 15 basis points (bps) to 9.70 per cent.
Beleaguered liquor baron Vijay Mallya on Wednesday announced he will retire as chairman of Sanofi India and will not seek reelection as a director of the drug maker.
Promising swift action on the debit card data compromise issue, Economic Affairs Secretary Shaktikanta Das on Friday said there was no need to panic over the feared security breach that affected over 32 lakh cards.
Discussion paper fixes Rs 1,000 cr as minimum capital for these specialised banks
The 12,350 sq mt Villa was once used by Mallya to host lavish parties in his 'good times'.
Buyer actor-producer Sachiin Joshi, who owns Viiking Media, has reportedly bought the villa, spread over 12,350 sq ft or three acre at Candolim.
If a name does not unify the three, there could be continued clash of identities, which could splinter the brand even before it takes shape, say Abhijit Lele and Nikhat Hetavkar.
The ED's fresh chargesheet against Mallya and his firms is likely to pave the way for him to be declared "fugitive" under a new Indian law.
The challenges before the government, he said, is to put public sector banks back on track and continue to operationalise stalled infrastructure projects
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.
Mallya remains elusive to India as the United Kingdom informed the government that they cannot comply with their request to deport him
'A 180-days period -- for insolvency resolution -- is aggressive, but by no means inadequate.'
India's roughly $150 billion outsourcing sector generates about three quarters of its revenue from the United States.
The high court remained unconvinced by Mallya's claim that he has been a non-resident Indian since 1988 and has lived in England since 1992, a country where he has indefinite leave to remain
It will be headed by Secretary, Department of Financial Services.
Financial shares were the top losers.
Bankers have hailed the Prime Minister's call to end "financial untouchability" and opened millions of accounts on the inaugural day itself.
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.
The consortium led by SBI has also initiated the process of recovery.
Tag for defaults on nearly Rs 7,000 cr loans to long-grounded Kingfisher Airlines
Pharma shares were the top gainers led by Lupin after the company received EIR from USFDA for its Goa facility
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.
Kingfisher to be lager partner at ICC Champions Trophy to be played in UK.
Bad debt rules are steps in right direction.
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.
The S&P BSE Sensex ended up 129 points at 26,843 and the Nifty50 ended up 39 points at 8,220.
Traders believe the RBI will step in more strongly, if the rupee starts falling towards 65
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.
Broader market outperformed the headline indices with BSE Midcap and Smallcap finishing the day 1.22%, and 1.54% higher, respectively
A few state-owned banks such as IDBI Bank, Union Bank, Indian Overseas Bank have announced results for FY14.
Here's how brokerages across the country are interpreting the exit polls.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
Rajiv Raj tells you about some easy financing options to deck up your home
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 rupee will largely remain stable but with a mild depreciating bias in the next one year
Making purchases on your credit card can turn out to be a better idea. Here's why.
The suspected security breach happened through a malware in the systems of Hitachi Payments Services, which serves ATM network of Yes Bank
