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PTI
September 19, 2018
Former Infosys chief financial officer Rajiv Bansal has filed a caveat in a civil court here against the city-based company after an arbitral tribunal directed it to pay him outstanding severance package amount of Rs 12.17 crore with interest.


PTI
September 19, 2018
In FY 2012, the bank had, by allegedly flouting its own lending norms, extended a Rs 3,250 crore loan to the Videocon group, which has since turned dud for the bank.


Anand Adhikari
New Delhi, September 19, 2018
After the rupee plunged to new lows against the dollar, having depreciated to close to 73, the government has finally acted by announcing a slew of measures to prop up the currency.


Reuters
Mumbai, September 19, 2018
The government's latest measures to support the rupee announced last week were particularly underwhelming for market participants who have since increased bearish positioning on the currency.


BusinessToday.In
September 19, 2018
On Tuesday, the rupee closed at its all time low of 72.98, falling 47 paise against the US currency due to surging crude oil prices and escalating trade war worries. Earlier in the day, the Indian currency hit a historic low of 72.99 in late afternoon deals.


Mail Today Bureau
New Delhi, September 19, 2018
Sebi says the mutual fund expenses will be brought down considering economies of scale. The easing of norms for FPIs is in tune with the government policy to attract foreign funds at a time when the rupee is depreciating sharply and the stock markets are on a roller coaster.


PTI
New Delhi, September 18, 2018
OVL had in April 2011 bought 25 per cent of Satpayev oil block.


Anand Adhikari
September 18, 2018
The BJP-led NDA government probably had the right intention when they knocked on the doors of Ravi Venkatesan, former chairman of Microsoft India and P S Jayakumar, an ex-citibanker turned entrepreneur, for helping them in conducting an experiment of sorts with Bank of Baroda.


PTI
Mumbai, September 18, 2018
Sebi Chairman Ajay Tyagi said that ICICI Bank has sought to settle the issues related to Chanda Kochhar through consent mechanism.


Reuters
Islamabad, September 18, 2018
The auction on Monday raised about $1.6 million, government official Mohammad Asif told local Geo TV. That is just one-tenth of the amount PM Imran Khan had predicted, and only 61 of just over 100 vehicles were sold.


BusinessToday.In
September 18, 2018
Infosys had agreed to pay Bansal a severance package of Rs 17.38 crore or 24 months of salary, but the company suspended payments after co-founder NR Narayana Murthy and former board member Mohandas Pai objected to the move and termed it 'excessive'.


BusinessToday.In
New Delhi, September 18, 2018
Bank of Baroda, Dena Bank and Vijaya Bank to merge; govt promises to protect employees' interestsMoving ahead with consolidation of public sector banks, Finance Minister Arun Jaitley on Monday announced the merger of Bank of Baroda, Vijaya Bank and Dena Bank. The merged entity would be India's third largest. There will be no adverse impact on employees of merged entity, the Finance Minister added. Department of Financial Services Secretary Rajeev Kumar said that the new bank will ...


BusinessToday.In
New Delhi, September 17, 2018
If the e-RD needs to be closed prematurely, then the money will be credited to the account that initially funded the deposit.


BusinessToday.In
New Delhi, September 17, 2018
If govt allows, I can sell petrol, diesel for Rs 35-40 per litre, says Baba RamdevAs petrol and diesel prices continue to break records every day, yoga guru Baba Ramdev has said if the government allows, he can sell petrol and diesel for just Rs 35-40 per litre. He also called for bringing petrol and diesel under the lowest slab of the uniform Goods and Services Tax (GST), and not the 28 per cent rate, as people's \"pockets are being emptied\". Raising questions over the governmen...


BusinessToday.In
September 17, 2018
OnePlus is ready to take the next big step in its brand's evolution. After smartphones, the Chinese company is going to take on the SmartTV industry. OnePlus has declared its interest in the segment by launching a new division that will be led by the company chief, Pete Lau.


Rajeev Dubey
New Delhi, September 17, 2018
World economy is still precariously poised, thanks to the tariff war.


Manu Kaushik
New Delhi, September 17, 2018
Airlines have chalked out ambitious plans to grow international business. Their journey is likely to be lengthy and tiring.


Devashish Das Gupta
New Delhi, September 17, 2018
Companies need to imbibe a service-oriented culture as customer empathy and engagement matter most in the long run.


Nevin John
New Delhi, September 17, 2018
Lessons from the failure of some of India's biggest business names.


Vivek Kaul
New Delhi, September 17, 2018
The rise of the debt-prone economy indicates that the future will remain volatile.


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