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Fiat route to book fugitives

The Union cabinet on Saturday approved a proposal to promulgate the Fugitive Economic Offenders Ordinance 2018, giving powers to the government to seize domestic assets of those deemed to be fugitive economic offenders by a court of law.
Our Special Correspondent Apr 22, 2018 00:00 IST

HDFC Bank net up 20%

HDFC Bank on Saturday met Street estimates when it posted a 20.3 per cent growth in net profit for the fourth quarter of 2017-18.
Our Special Correspondent Apr 22, 2018 00:00 IST

Walmart to log into Flipkart soon

Walmart Inc could seal a deal to buy more than a 51 per cent stake in Flipkart as early as next week, two sources familiar with the matter said on Friday.
Reuters Apr 22, 2018 00:00 IST

TCS close to milestone

Tata Consultancy Services (TCS) is headed for the record books as it could soon be the first listed Indian company to have a market cap of $100 billion.
Our Special Correspondent Apr 21, 2018 00:00 IST

CIL to get a new boss

Coal India could see another rejig at the top, eight months after the Centre appointed an interim head for the public sector miner.
A Staff Reporter Apr 21, 2018 00:00 IST

Fifth suitor for Fortis

Fortis Healthcare attracted a fifth suitor on Friday with KKR-backed Radiant Life Care entering the fray for the Rs 40,000-crore hospital chain with a non-binding offer.
Our special correspondent Apr 21, 2018 00:00 IST

Axis drill for Shikha successor

Axis Bank on Friday said it had started the process of appointing a successor to managing director and CEO Shikha Sharma.
Our Special Correspondent Apr 21, 2018 00:00 IST

RBI stance spoils mood

Both the rupee and the bond markets felt the impact of the hawkish tone of the RBI in the minutes of its last monetary policy meeting as the rupee dropped below the 66-mark, while the yields (rates) on government securities spiked.
Our Special Correspondent Apr 21, 2018 00:00 IST

Price hike to hurt Audi sales

Audi India is looking at a flat growth this calendar year because of a 3.8 per cent increase in car prices following a customs duty hike in the Union budget.
Our Special Correspondent Apr 21, 2018 00:00 IST

Legal duel on, Binani set to miss deadline

The corporate insolvency resolution process initiated against bankrupt Binani Cement is set to miss the 270-day deadline stipulated under the Insolvency & Bankruptcy Code, 2016 as challenges thrown at the resolution plan from several quarters, including UltraTech Cement, continue to be heard by the Calcutta bench of the National Company Law Tribunal.
Our Special Correspondent Apr 21, 2018 00:00 IST

Bond listing leeway

The Securities and Exchange Board of India (Sebi) on Friday proposed to halve the time to list bonds or debt securities to six days, in a bid to make the market more efficient.
Our Special Correspondent Apr 21, 2018 00:00 IST

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