Sebi starts drill to quiz Kochhar

Capital market regulator Sebi has served a notice on ICICI Bank and its managing director & CEO Chanda Kochhar in connection with a Rs 3,250 crore-loan to the Videocon group.
Our Special Correspondent May 26, 2018 00:00 IST

Dhunseri seeks ally in Egypt

Chandra Kant Dhanuka's Dhunseri Petrochem may induct a new equity partner in the Egyptian business after settling with the overseas lenders and shareholders.
Sambit Saha May 26, 2018 00:00 IST

Deficits play spoilsport

The fourth anniversary of the Narendra Modi-government has been marred by the pressure on both the fiscal and current account deficits brought about by rising oil prices and the need for populist spending with the general elections just a year away.
Jayanta Roy Chowdhury May 26, 2018 00:00 IST

TCS hits a milestone

Shares of Tata Consultancy Services on Friday attained a milestone when its market valuation briefly crossed the Rs 7-lakh crore mark. The country's largest IT services company becomes the first listed firm to achieve this level.
Our Special Correspondent May 26, 2018 00:00 IST

Bad loans weigh down bank duo

The spate of bad news continued for state-owned banks with two more lenders reporting losses for the fourth quarter ended March 31, 2018, on higher provisions for bad loans. While IDBI Bank reported a loss of Rs 5,663 crore, Bank of Baroda (BoB) slipped into the red with a net loss of Rs 3,102.34 crore.
Our Special Correspondent May 26, 2018 00:00 IST

Sagarmala funds pledge

The Union shipping ministry is eyeing the award of projects worth around Rs 70,000 crore under the flagship Sagarmala programme in 2018-19.
A Staff Reporter May 26, 2018 00:00 IST

IHH extends Fortis date

Malaysian firm IHH Healthcare Berhard on Friday extended the acceptance period for its revised proposal for acquiring Fortis to June 30 in the wake of changes in the board of the cash-strapped healthcare chain.
PTI May 26, 2018 00:00 IST

Reforms face fuel price test

The government's attempt to boost domestic oil and gas production could take a hit, if "windfall tax" is considered as a long-term solution to meet the rising prices of petrol and diesel, analysts said. "A windfall tax will discourage both domestic and international companies from entering the oil exploration and production industry, keeping India dependent on imports," energy expert Kirit Parikh said.
R. Suryamurthy May 26, 2018 00:00 IST

Auto pacts in fast lane

Japanese auto majors Toyota and Suzuki will expand their scope of collaboration, including plans for Toyota Kirloskar Motor to manufacture models developed by Suzuki for sale in India through their respective brand networks.
PTI May 26, 2018 00:00 IST

Fuel pain palliative

The government is considering a windfall tax on oil exploration and drilling companies such as ONGC, Oil India and Vedanta-run Cairn India as part of a plan to cushion consumers from rising crude prices.
Our Special Correspondent May 25, 2018 00:00 IST

Gazprom gas offer stays linked to oil

The first shipment of gas from Russia will arrive next month as part of the government's strategy to diversify its sources and move towards a cleaner fuel.
Our Special Correspondent May 25, 2018 00:00 IST


More Top Stories

Back to top icon