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Bank mergers and death of forex brokerages

Business is down to such an extent that last year these firms could not even meet RBI’s capital norm of Rs 50 million for partnerships and Rs 100 million for public and private firms in this......

Will rupee breach 70 a dollar?

The immediate concern for the rupee is the sharp spike in oil prices Illustration: uttam Ghosh/Rediff.com The rupee touched its record low of 69.10 a dollar in morning trades on Thursday amid a......

Govt eases norms for foreign firms to set up branch offices in India

  The government on Tuesday relaxed the approval process for foreign firms to set up their branch, liaison and project offices in the country. Except for defence, telecom, private security,......

IndiGo's IPO over-subscribed 3.63 times

This is the biggest IPO in the Indian market since Bharti Infratel's over Rs 4,000 crore (Rs 40 billion) public offer in December 2012. In the biggest IPO in nearly three years, the Rs 3,018 crore......

IndiGo's Rs 3,018 cr IPO over-subscribed

IndiGo has a fleet of 98 aircraft and about 75 of them are on operating lease. IMAGE: IndiGo's IPO, the biggest in three years. Photograph: Amit Dave/Reuters     IndiGo's parent......

Golfer Mickelson embroiled in trading scandal

Gambling debt, stock tip lead to $1 million settlement but no charges for golfer Phil Mickelson ‘Mickelson made money that wasn't his to make’ IMAGE: Phil Mickelson of the United......

Manchester United profit doubles

Manchester United Plc said its annual pre-tax profit doubled on increased sponsorship and after it expanded its stadium and won the League title. Pre-tax profit in the 12 months to June 30 rose to......

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