Kochhars appear before ED again in Videocon case

New Delhi (IANS) Former ICICI Bank MD and CEO Chanda Kochhar and her husband Deepak Kochhar on Tuesday appeared before the Enforcement Directorate for questioning in connection with its ongoing investigation into Rs 1,875-crore Videocon loan…

ED attaches Rs 2.95 cr properties in Axis Bank currency case

New Delhi (IANS) In connection with its ongoing probe into the Axis Bank demonetised currency case, the Enforcement Directorate (ED) on Monday said that it has attached movable and immovable properties worth Rs 2.95 crore belonging to Puneet Jain,…

Equity indices open in red

Mumbai (IANS) The key Indian equity indices opened on a negative note on Monday.

At 9.33 a.m, the Nifty50 on the National Stock Exchange traded at 11,256.55, lower by 22.35 points or 0.20 per cent from the previous close of 11,278.90 points.

Millionaires fleeing India in larger numbers: Report

New Delhi (IANS) All the chest thumping over a big leap forward in the ease of doing business index and the tag of the world's fastest growing economy in the world may not be of much worth, as a new report suggests that Indians who have the means…

Diesel to be preferred fuel for SUVs, MUVs even post BS-VI: Experts

New Delhi/Mumbai (IANS) Diesel might lose its share in fuelling the passenger car segment in the near future but the key transportation fuel will continue to dominate the multi-utility and sports utility vehicles in the medium term.

'India's e-commerce regulations need more consultation'

Kolkata (IANS) India's e-commerce regulations need more consultation with American companies that have invested in India, according to a senior US official

Acting Assistant Secretary of Commerce and Director General of the US Foreign Commercial…

Allahabad Bank's net loss widens to Rs 3,834.07 cr in Q4

Kolkata (IANS) State-run Allahabad Bank on Friday said it has posted a net loss of Rs 3,834.07 crore in the fourth quarter of the financial year 2018-19 (FY 19), widening from a net loss of Rs 3,509.63 crore in the year-ago period.

The lender's…

Sensex, Nifty trades marginally lower

Mumbai (IANS) Sensex and Nifty traded in the red during the morning trade session after they opened slightly higher on Friday.

Investor sentiments have taken a beating following the surprise escalation of trade tension between US and China.

Gold Never Old: RBI to augment reserves as global uncertainties loom

Mumbai (IANS) Rising trade protectionist measures along with the threat of a currency shock and dovish global monetary policy might compel India's central bank to augment its gold reserves.

Additionally, the need to have…

India monitoring costs of importing non-Iranian oil

New Delhi, May 8 (IANS) The Finance Ministry is closely watching the economic costs of oil imports from other alternative markets like Iraq and Saudi Arabia, following the United States' withdrawal earlier this month of the…