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Sebi scraps Sahara MF licence

The Securities and Exchange Board of India (Sebi) today cancelled the registration of Sahara Mutual Fund saying it was no longer "fit and proper" to carry out the business.   | Read..

Bad assets pinch bank quartet

Four public sector banks today reported a decline in their net profits, reflecting the difficult conditions they face amid an economic slowdown and rising bad loans.   | Read..

Penalty jolt to Hyundai

The Competition Commission of India (CCI) has slapped a penalty of Rs 420 crore on Hyundai Motor India for restricting the sale of spare parts in the open market and asked...   | Read..

HDFC Life stake rejig

Standard Life of the UK has expressed interest in raising its stake in HDFC Life to 35 per cent, Deepak Parekh, chairman of HDFC, today said.   | Read..

Maruti net rises 56%

Maruti Suzuki India has posted a 56 per cent growth in first-quarter net profit helped by lower costs, favourable foreign exchange rates and higher sales.   | Read..

Power gets a shock

Power projects with around 46,000 megawatt (MW) capacity are facing viability issues because of the lack of long-term purchase agreements, inadequate fuel supply and...   | Read..

Yule mulls buyout

The Calcutta-based public sector Andrew Yule is exploring the possibility of acquiring an electrical transformer maker in Tamil Nadu, chairman and MD Kallol Datta said.   | Read..

Pincon to spend Rs 400cr

Pincon Spirit Limited, the Calcutta-based liquor manufacturer, is looking to invest Rs 400 crore over the next two years to expand its liquor and fast moving consumer goods...   | Read..
Sebi scraps Sahara MF licence

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