The Telegraph
Thursday, February 22, 2018
 

Business

Govt to help fix liability in PNB case

First published on 22-Feb-2018
North Block will soon call a meeting of top officials of Punjab National Bank and other lenders to resolve the issue concerning payment liabilities in the alleged Rs 11,400-crore fraud at the country's second-largest PSU bank....   | Read..
 

ONGC taps advisers to hike output

First published on 22-Feb-2018
Oil and Natural Gas Corporation Ltd (ONGC) is set to hire international oil service giants for the first time to boost output from domestic oilfields in response to a government push to increase lo......   | Read..
 

M&M pact for auto technology

First published on 22-Feb-2018
Close on the heels of picking up a 16 per cent stake in Zoomcar for Rs 176 crore, domestic automobile major Mahindra and Mahindra (M&M) has zeroed in on another automotive technology firm, Carn......   | Read..
 

Hint of shift in rate stance

First published on 22-Feb-2018
Reserve Bank of India (RBI) deputy governor Viral Acharya has warned that the central bank may have to change its stance to "withdrawal of accommodation" if growth is robust and inflation......   | Read..
 

Idea QIP price at a marginal discount

First published on 22-Feb-2018
Idea Cellular has fixed an issue price of Rs 82.50 per share for the sale of shares through a qualified institutional placement (QIP)....   | Read..
 

US drug cop lens on Biocon unit

First published on 22-Feb-2018
Biocon, the Bangalore-based biotechnology firm, on Wednesday said the US Food and Drug Administration (US FDA) has made six observations after inspecting its Malaysian manufacturing facility....   | Read..
 

Cross-current in coal mining course

First published on 22-Feb-2018
The Centre's move to open up coal mining to the private sector has evinced mixed response from the industry....   | Read..
 

Coal-for-sale mining gets nod

First published on 21-Feb-2018
The government on Tuesday allowed private players to commercially mine coal and sell it in the market without any restrictions on price and end-use, paving the way for the entry of giants such as B......   | Read..
 

Largest miner sees no threat

First published on 21-Feb-2018
The decision of the government to open up coal-mining to the private sector is unlikely to be an immediate cause of concern for Coal India. The country's largest coal producer has long-term fuel su......   | Read..
 

RBI spills beans on early warning

First published on 21-Feb-2018
The Reserve Bank on Tuesday said it had warned banks thrice since 2016 against the possible misuse of inter-bank electronic message transfer tool SWIFT that is at the root of the alleged Rs 11,400-......   | Read..
 

BSNL recovery drive a success

First published on 21-Feb-2018
Bharat Sanchar Nigam Ltd is making headway in its efforts to bring down unpaid dues through a nationwide recovery drive....   | Read..
 

Growth replay on software screen

First published on 21-Feb-2018
India's software services exports will see a revenue growth of 7-9 per cent in constant currency terms in the coming financial year, a leading lobby group forecast on Tuesday, as the industry conti......   | Read..
 

Rating alert for PNB

First published on 21-Feb-2018
International rating agencies Moody's Investor Service and Fitch Ratings on Tuesday warned scam-hit Punjab National Bank (PNB) of rating downgrades, citing likely net worth erosion and widening los......   | Read..
 

Experts queer pitch for Essar bidders

First published on 21-Feb-2018
Bids by ArcelorMittal and a consortium led by Russia's VTB Group to acquire debt-laden Essar Steel are said to have been recommended for rejection by the advisers evaluating the offers, sources pri......   | Read..
 

I-T attaches 11 bank accounts of Rotomac in tax evasion case

First published on 20-Feb-2018
The Income Tax Department has attached 11 bank accounts of the  Rotomac  group and its promoters in a tax evasion investigation....   | Read..
 

Fitch places PNB on 'Rating Watch Negative' with downgrade possibility

First published on 20-Feb-2018
Fitch on Tuesday placed Punjab National Bank on 'Rating Watch Negative' (RWN), reflecting a possibility of downgrade following the $1.77 billion fraud....   | Read..
 

North Block's PNB poser to RBI

First published on 20-Feb-2018
The finance ministry has sent a letter to the RBI, asking it to explain the lacunae in its system that allowed the alleged Rs 11,400-crore PNB fraud to go undetected for seven years....   | Read..
 

Debate over govt stake in banks

First published on 20-Feb-2018
Industry is pitching for the privatisation of state-owned banks as the government's recapitalisation efforts have had little impact in improving their health....   | Read..
 

Bhushan bid hurts Tata Steel stock

First published on 20-Feb-2018
Shares of Tata Steel on Monday slipped almost 6 per cent after the company emerged as the front-runner to acquire debt-laden Bhushan Steel....   | Read..
 

UCO to sell more bad assets

First published on 20-Feb-2018
Saddled with impaired assets worth Rs 25,382 crore, UCO Bank has put on sale 20 non-performing accounts with an outstanding balance of Rs 423.30 crore....   | Read..