Business
Fortis Probe Finds Systemic Lapses, Moves to Recover Rs 500 Crore from Singh Bros
Fortis, which had initiated an independent investigation through an external legal firm in February this year, said the probe report has been submitted to the SEBI and SFIO.
'Systemic Lapses' Found in Inter-Corporate Borrowings, Says Fortis Healthcare
The findings of the investigations have been submitted to the Securities and Exchange Board of India (SEBI) and Serious Fraud Investigation Office (SFIO). The company has initiated legal action for recovery of these outstanding ICDs and other advances, Fo...
Amid Trade War With US, China Drops Import Duty on Indian Soybean
During the India-China strategic dialogue held here in April, Vice Chairman of NITIAayog (National Institution for Transforming India) Rajiv Kumar had pitched for export of soybean and sugar to China from India.
Varroc Engineering Garners Rs 584 Crore from Anchor Investors; IPO Opens
Founded in 1990 in Aurangabad, Varroc is an automotive component manufacturer and supplier of exterior lighting systems, power-trains, electrical and electronics, body and chassis parts to passenger car and motorcycle segments worldwide.
More Money Post Retirement? EPFO May Invest Beyond Nifty and Sensex
EPFO feels that equity investments in just two categories of exchange-traded funds (ETFs) run the risk of too much concentration in a small clutch of stocks and lower returns due to lack of diversification.
Focus on Benefitting From AIIB, Not Its Other Funding Activities: Piyush Goyal
The multi-billion-dollar initiative by Beijing aims to building transcontinental roads, railhead and ports linking Asia with Europe. New Delhi has been public with its concerns on Beijing's strategic initiative and has made its concerns public at various...
OPEC Agrees Modest Hike in Oil Supply After Iran Softens Stance
The United States, China and India had urged OPEC to release more supply to prevent an oil deficit that would hurt the global economy. Saudi Arabia and Russia said they were happy to pump more but Iran had criticised the idea as it faces export-crippling...
Arvind Subramanian, the Man Who Revamped Economic Survey
Subramanian's experimental ideology peaked when he presented the economic survey last year with a pink cover, dedicating it to women.
Soon, You May Have to Pay Both GST and State Tax on Petrol, Diesel Prices
The peak GST rate plus VAT will be equal to the present tax incidence, which is made up of excise duty, levied by the central government, and VAT charged by the states.
Sensex Opens in Green on Value-Buying, Up 130 Points
Major gainers were Axis Bank, Vedanta, M&M, Bharti Airtel, Bajaj Auto, Tata Steel, Infosys, IndusInd Bank, Yes Bank, Sun Pharma, HDFC Ltd and RIL, rising up to 1.77 per cent.
India has Overcome Congress Legacy, Modi Govt Can No More Use it as Excuse: NITI Aayog VC
The BJP and its senior leaders, including Prime Minister Narendra Modi and Union Minister Arun Jaitley, have repeatedly ripped into the Congress for leaving behind an "economy in a shambles" which the government was still bringing on track.
FM Piyush Goyal to Meet Heads of 13 Public Sector Banks on Tuesday
This is the first meeting with the heads of the PSBs after their annual financial result for 2017-18. Most of the banks posted loss in the fourth quarter of the last fiscal.
ICICI Board Members Meeting Today to Decide Chanda Kochhar's Fate
The crucial question over Kochhar's continuance as managing director and chief executive till the probe is over may also be addressed on Monday, they said, adding the board will take a decision on it.
Seven of Top 10 Valued Companies Add Rs 73,872 Crore in Market-Cap
Seven of 10 most valued companies added Rs 73,871.79 crore to their total market valuation last week, led by Tata Consultancy Services (TCS) that became the first bluechip to hit a market capitalisation of Rs 7 lakh crore.
Doubling Farmers' Income, 'Modicare' Top NITI Aayog Agenda
Development agenda for ‘New India 2022’ is expected to be approved in the fourth governing council meeting of NITI Aayog on Sunday.
Fitch Lowers Axis Bank's Outlook to -Ve, Cuts ICICI's Support Ratings
The agency also downgraded ICICI Bank's 'support rating' to '3', from '2', apart from revising down its support rating floor to 'BB+', from 'BBB-'.