The banking sector finally reported a collective net profit of £15.4 million in the quarter ended December 2019 - the first since the RBI’s last February circular that forced lenders to recognise delinquent loans as nonperforming assets
-
17th Jul 2019 | Updated at 02:21am 17th Jul 2019
NCLAT okays Arcelor’s bid for Essar Steel
The National Company Law Appellate Tribunal (NCLAT) has upheld steel tycoon Lakshmi Mittal-led ArcelorMittal’s £4.2 billion bid for the acquisition of Essar Steel
PNB allowed to recover £720 mn from Nirav Modi
The Debt Recovery Tribunal (DRT) has directed fugitive diamantaire Nirav Modi and his companies to pay Punjab National Bank (PNB) and a consortium of banks an aggregate sum of £720 mn, with 14.3% annual interest from June 30, 2018
Workers at India’s state-owned banks called a nationwide strike on Friday in protest at proposed mergers that could cause job losses and demanded immediate...
Christian Michel, 57, is a British businessman who has been extradited to India to face prosecution for alleged bribery in connection with New Delhi’s...
Fear of action by banks, along with signs of improvement in the economy, has helped state-run lenders recover over £3.65 billion of bad and sticky assets...
In a setback to Enforcement Directorate, a PMLA appellate tribunal has set aside the attachments of flats owned by Biocon CMD Kiran Majumdar Shaw and NRI...
Gujarati businessman Nitin Sandesara, who was wanted in a £500 million bank fraud case, was detained in Dubai recently, raising the possibility of his...
Authorities in the United Kingdom have confirmed that fugitive billionaire Nirav Modi is in their territory following which the CBI has moved an extradition...
The government of India has appointed Kumar Mangalam Birla, chairman of the Aditya Birla Group, and ITC chairman Y C Deveshwar as non-official independent directors for Air India.
From the most efficient state in 2015, Gujarat has slipped to fifth rank in the latest ease of doing industry ratings prepared by the World Bank and the...
India's finance minister Arun Jaitley exuded confidence that India will pip Britain to become the fifth largest economy in the world next year if economic...
