The long-delayed and much-awaited $2.3 billion aircraft carrier INS Vikramaditya was on Saturday inducted into the Indian Navy in Severodvinsk, Russia, in a strategic boost to India's maritime warfare capabilities.
At the beginning of this year, his stake in the airline stood at 30.14%.
These circles account for 23 per cent of Bharti's revenues and armed with additional spectrum, it will eat into rivals' share
Infosys has been making bets on automation and other high-margin services like artificial intelligence to regain some ground
Since 2009, the Department has publicly charged 73 account holders and 35 professionals with violations arising from their offshore banking activities, and 72 individuals have plead guilty or were convicted at trial.
Lenders fret over stubbornly weak credit growth and still high funding costs.
These include Goldman Sachs, HSBC, UBS, Deutsche Bank, Barclays, RBS, Citigroup and JP Morgan and they have said in their respective regulatory filings that they are cooperating with the relevant authorities in the investigations.
A summary of sports events and persons who made news on Friday
He has also said that the overall mood of the Indian consumer remains subdued
The airline, part of Vijay Mallya-led UB Group, has been grounded since October 2012, after being bogged down by huge and mounting losses.
'Civil matters like loan recovery are being connected with criminal allegations, without any basis.'
According to documents accessed by Business Standard, RIL increased its direct stake in Jio to 98.9 per cent as on March this year by pumping more capital into the company.
USL board said its second forensic audit by EY has revealed fund diversion worth Rs 1,225 cr to Mallya companies.
This is the first big move in the investigation of the British Virgin Islands list where the I-T department has found a significant amount of tax evasion.
Rupee, bonds may see knee-jerk reaction, as Urjit Patel is considered an inflation warrior
Airbus recently bagged large orders from Indian airlines such as Indigo and Go Air.
Experts say a lot of new wealth is being generated by promoters selling their stake.
ED had earlier issued summons to Mallya for "personal appearance" on March 18 under the provisions of the Prevention of Money Laundering Act (PMLA).
RBI is committed to bringing down retail inflation to eight per cent by January 2015 and six per cent by January 2016.
Experts believe volatility is here to stay for some time, at least till China stabilises and clarity regarding the US Fed's interest rate move emerges.
The company's executive vice president and chief financial officer Rajiv Bansal has resigned.
More than half of Mallya's total package for 2015 has been paid by Mendocino Brewing Company for 'promoting' the company's beer brands
Morgan Stanley expects RBI to cut rates sharply rather than "dribble down".
SBI, the country's largest lender, had recently issued public auction notices to sell Gopinath's pledged properties
A total of 183 stocks rallied 10 per cent, of which 32 stocks saw price appreciation of 20 per cent each.
Mallya has lived on the edge for long enough to know that his extradition from UK is not a given, says N Sundaresha Subramanian.
The rupee resumed higher at 61.75 as against the last closing level of 62.05 per dollar at the Interbank Foreign Exchange (Forex) Market and firmed up further to a one-month high of 61.53 before quoting at 61.59 per dollar at 1045 hours.
Banks are seeking an order that Mallya should appear in person before the court.
To tackle the resultant inflation, the Indira Gandhi government had imposed price controls on manufactured products, including soaps and vanaspati, in 1973.
Analysts say there is still no visibility of earnings improvement.
At least half a dozen are in the works with increasing brand awareness and growing purchasing power in upper classes.
Experts feel select companies in banking, automobiles, financial services & real estate will gain from lower interest rates
The company plans to overhaul business and rationalise costs in a bid to reach parent Unilever's new profit targets, reports Viveat Susan Pinto.
Switzerland remains the 'biggest private banking financial centres for cross border wealth management' with assets worth over CHF 2.11 trillion ($2.2 trillion), as per the study conducted by the Swiss Bankers Association and the Boston Consulting Group.
Several high profile companies are burdened with losses, mounting debt and have a huge load of operational costs.
Investment bankers handling the IPO had said marquee global investors made big-ticket applications.
The Survey shows fiscal consolidation despite slowdown in growth.
A section of analysts feel now may not be a bad time to buy select PSBs.
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