It has been a year since the Reserve Bank of India (RBI) initiated prompt corrective action (PCA), an exercise that puts weak banks under central bank scrutiny, against the 94-year-old Lakshmi Vilas Bank (LVB). But recently, this low-profile Chennai-headquartered bank found itself attracting some unwonted publicity when 60 per cent of its shareholders voted against a proposal to re-appoint seven directors, including one of the promoters, K R Pradeep (who holds around 2 per cent), and the company's managing director & chief executive officer S Sundar.
Experts attribute the high valuation of Indian auto makers to the faster growth in India compared to the rest of the world.
"The RTI Act is potentially a very powerful legislation. We are probably the most advanced in the whole world in terms of the act, but not necessarily in terms of its implementation," said Chief Information Commissioner Wajahat Habibullah
Had you invested Rs 5,000 every month in SBI Magnum Multicap Fund through systematic investment plan (SIP) for the last 5 years, the value of your investment would be over Rs 5.2 lakh as on August 22, 2016
Players like UltraTech Cement more expensive than ITC and HUL; others catching up fast.
Market cap of government companies has remained unchanged in the past 8 years.
HUL, UltraTech, Asian Paints, L&T, HDFC Bank top global valuation charts
Indian companies typically have higher return on equity.
Wawrinka splits with long-time coach Norman
Tata Motors will launch Divo, a luxury AC coach meant for intercity long-distance operations, in the first quarter of the next financial year.
As many as 24.27 crore accounts have been opened under the scheme and the percentage of zero balance has come down to 24.43 per cent
The unidentified hackers had executed money transfers on two separate occasions - August 11 and August 13 - which raises the question of why pro-active measures were not taken on the first night itself
Miffed MCA asks CoA for reasons for moving ODI to CCI
Tax sleuths unearthed central excise and service tax evasion amounting to over Rs 5,500 crore (Rs 55 billion) in the 2010-11 financial year, even as pressure mounted on the government to crack down on black money.
'Every day, when I deliver milk, I talk to the families and find out what is happening in their lives.' 'That is how you get to know the real issues and find solutions.'
In a departure from the past, when IHCL adopted the organic route for entering markets like London and New York, this time around the expansion will be acquisition-led.
Will people buy as many cars as before if more office-goers are working from home? How much existing office space in commercial buildings will become surplus, and what will that mean for the construction industry, asks T N Ninan.
Sops for middle class, poor and farmers on cards.
The gap between Nifty's price-earnings multiple and economic growth is at a 12-year high
From Ranbaxy to Religare, Aashish Aryan takes you through a maze of legal cases involving Malvinder Mohan Singh and his younger brother Shivinder Mohan Singh. Both are in police custody following a complaint of fund siphoning.
The index is more expensive than it was at 2014-end or when it hit a life-time high in January.
The report said inflation is expected to remain below 5 per cent over the two years.
'What has gained prominence are 'human' skills like creativity, originality and initiative, critical thinking, persuasion, and negotiation, as well as attention to detail, resilience, flexibility and complex problem-solving.'
Through the past 12 months, the Bank Nifty has risen 55%
Wants details of Vijay Mallya transactions over 4 years
'The decline was inevitable as one-year returns have been negative.'
Have a Plan B in place if the tide turns against you.
The Big Two telecom companies have accelerated their moves towards this next-gen technology, though they have chosen very different routes to getting there.
The high court imposed various bail conditions on him, including that he shall not tamper with the evidence or influence witnesses, directly or indirectly.
Hillary Clinton, Obama hail Indian-American contribution on I-Day
The Enforcement Directorate on Tuesday arrested Financial Technologies India Limited founder Jignesh Shah in connection with its probe into the Rs 5,600-crore National Spot Exchange Limited money laundering scam.
Retail investors may burn their fingers investing in them, especially if the markets correct, experts tell Sanjay Kumar Singh
New projects will boost investment in India, says Anand Mahindra.
Results of some blue-chip companies exceeded expectations, providing additional thrust, traders said.
Equity investments are fruitful over the very long 20-year term.
The input was sent through diplomatic channels to the island nation after a through investigation pertaining to the IS case in Coimbatore was carried out by the NIA.
The S&P BSE Sensex has dipped five per cent, thus far, in CY15.
Expectations are high. There is a little bit of euphoria in India, says RBI governor.
After a delayed start, the monsoon is advancing steadily.
Every office he adorned in his chequered career as cricket administrator was left in the pink of financial health after his departure.
