The scrip was the worst hit among the front-line companies on both the indices during the day.
The company shut its factory on June 3, which ironically was also World Bicycle Day. It laid off its 431 remaining employees, but the company insists they continue to be on its rolls and will be paid "lay-off wages" upon marking attendance daily.
RBI has taken a balanced approach in the credit policy considering various developments across the globe and their near term impact.
The hottest buzz from the world of fashion and entertainment.
There is a dearth of talent in the Indian banking industry. A testimony to this is the two new CEOs in the private sector -- Sandeep Bakhshi in ICICI Bank Ltd and Amitabh Chaudhry in AXIS Bank Ltd -- have come from the insurance sector, says Tamal Bandyopadhyay.
This was Shorey's highest first-class score in 45 matches, with his previous best being 145. The double-century will do more good to his already healthy batting average of 48.49.
Inflation dipped to a five-month low of 5.19 per cent in July mainly on account of decline in prices of some food articles, vegetables and protein rich items.
Experts said a future rate cut would depend on the inflation.
Suresh Prabhu has announced a slew of measures to improve servcies in trains and railway stations
When a legendary Bollywood beauty pays you a compliment, you blush.
Kapil Dev's historic World Cup win wasn't the only highlight of 1983. Sukanya Verma looks back how the year treated Bollywood.
A glance back at some of the important ups and down Indian Inc faced in 2018.
'It is easy to dramatise the events of today, but it is far more important to focus on the fact that we have a radically overvalued financial sector. It is a house of cards.'
There will be as many as 9 historicals coming up in the next 15 months!
Vogue Woman Of The Year Awards 2018 was a star-studded affair.
The hits and misses of the week.
A look at the top tweets from your favourite Bollywood celebrities.
With enough liquidity in the system, lending and deposit rates are likely to fall further
It's celebration night for these stars!
Bollywood cheers Madhuri's Marathi film debut.
We look at 52 of them, spread over 52 Fridays, in a two-part special. Here's the first part.
Check out the star arrivals.
The armed forces personnel whose bodies were identified in the last few hours are Junior Warrant Officer (JWO) Pradeep, Wing Commander P S Chauhan, JWO Rana Pratap Das, Lance Naik B Sai Teja and Lance Naik Vivek Kumar.
The organisers of the much-anticipated Indian Premier League-style football league decided to defer the proposed tournament to September-November next year instead of early 2014.
In peace and at war, firms remain tethered to promoter families in a uniquely Indian way.
The Securities and Exchange Board of India does not seem to have understood the enormity of what funds have been up to. If Sebi does not crack down on mutual funds using cooked-up credit ratings to hide behind promoter funding, this is bound to grow into a systemic menace, says Debashis Basu.But MFs decided to become lenders without the legal backing to secure themselves, or the skillset to assess lending risk. If Sebi does not crack down on mutual funds using cooked-up credit ratings to hide behind promoter funding, this is bound to grow into a systemic menace, says Debashis Basu.
The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender. For the next month, Yes Bank will led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.
Tomorrow's review could also turn out be the last policy anchored by Rajan if the proposed Monetary Policy Committee (MPC) is put in place before the next review due on August 9.
The hits and misses of the week.
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Prime Minister's key economic advisor C Rangarajan on Friday lowered the growth forecast for the current fiscal to 5.3 per cent from 6.4 per cent projected earlier and listed out host of measures, including further liberalisation of FDI norms to improve economic condition.
The hits and misses of the week.
Desipite good reviews, Baby and Dolly Ki Doli don't work at the box office.
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