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Latest News:

Income Tax

Income Tax Dept uncovers Rs. 45,622 cr undisclosed income

New Delhi: The I-T department conducted searches on nearly 2,534 groups of persons in the last three financial years and the current one (up to January 2017) and unearthed undisclosed income of Rs. 45,622 crore.

"During the last three financial years... Read More

Bharat Forge, Financial Results

Bharat Forge divests 23% stake in Alstom

Pune: Indian multinational Bharat Forge on Friday announced divesting 23 per cent of its equity stake in the power equipment joint venture (JV) with French multinational Alstom.

"The company has divested 23 per cent of its shareholding in power equip... Read More

Coal India, employee strike

CCI fines Coal India Rs. 591 cr

New Delhi: Competition Commission on Friday slapped a fine of Rs. 591 crore on state-owned Coal India for having unfair conditions in fuel supply agreements... Read More

Cochin Shipyard Limited, CSL, IPO, Disinvestment, Trade Unions

Cochin Shipyard files papers for Rs. 1,400-1,500 cr IPO

New Delhi: State-owned Cochin Shipyard on Friday filed draft papers with capital markets regulator Sebi to raise an estimated Rs. 1,400-1,500 crore through an initial public offering.

The company -- the largest public sector shipyard in India in term... Read More

Mukesh Ambani

Reliance Industries to challenge Sebi order in RPL case

New Delhi: Reliance Industries today said it will challenge the Sebi order in the Reliance Petroleum case before the Securities Appellate Tribunal, terming the regulator's directions as "unjustifiable sanctions".

In a 10-year-old case, Sebi today ban... Read More

Axis Bank, Lending rate

Axis Bank launches exclusive toll-free number for Maharashtra police personnel

Mumbai: Axis Bank has launched a toll-free phone banking helpline exclusively for police personnel... Read More


REIT–able Space in India: A Closer Reality

Mumbai: The much awaited REIT (Real Estate Investment Trust) listing is inching closer to reality. KPMG, NAREDCO, Hariani & Co. and Knight Frank jointly released a report today titled ‘REIT-able Space in India: A Closer Reality’... Read More

State Bank of India, Lending rate

SBI to raise $1.5 bn from overseas bonds

New Delhi: The country's largest lender SBI today said it will raise $1.5 billion from overseas bonds in one or more tranches to fund business expansion.

The Executive Committee of Central board approved "the issuance of Reg-S/ stand alone rule 144A ... Read More

Mukesh Ambani

Sebi bans Reliance Industries from equity derivatives market for 1 year

New Delhi: Sebi on Friday banned Reliance Industries Ltd (RIL) and 12 others from equity derivatives trading for one year and directed the Mukesh Ambani-led firm to disgorge nearly Rs. 1,000 crore for alleged fraudulent trading in a 10-year-old case.

Vijay Mallya,

Extradition request for Mallya certified by UK secy of state

New Delhi:  The UK has conveyed to India that its request for extradition of industrialist Vijay Mallya, who has been declared a proclaimed offender, has been certified by the secretary of state.

"The UK Home department on February 21 conveyed that ... Read More