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New Delhi, March 6, 2018
Last year Axis bank had had a major problem with non-performing asset (NPA) divergence post the RBI's annual audit exercise for 2016-17.
March 1, 2018
To make matters worse, the latter, Deloitte, Haskins & Sells LLP, has red-flagged the just-released financial results. Deloitte, in fact, said that it has not performed an audit.
February 19, 2018
The corporate affairs ministry has been looking into the affairs of Fortis Healthcare and Religare Enterprises after recent reports that financial irregularities have emerged at the two companies
New Delhi, February 13, 2018
Fortis says that apart from paying Rs 65.98 lakh fine to stock exchanges for \"non-submission of un-audited financial results\", the reports emerging in the media had \"enhanced the scope of limited review audit by the statutory auditors\".

New Delhi, February 10, 2018
Fortis Healthcare was issued notices by the stock exchanges yesterday following a media report claiming that the company's promoters, the Singh bothers, took at least Rs 500 crore without board approval about a year ago.
New Delhi, February 9, 2018
The company achieved consolidated quarterly revenue of Rs 33,447 crore, which is up by 15 per cent on YoY bases while 3 per cent on the QoQ basis.
New Delhi, February 9, 2018
The duo quit as directors from the company's board on Thursday. The company issued a release saying the resignation is \"intended to free the organisation from any encumbrances that may be linked to the promoters in light of the recent HC judgement.\"
February 9, 2018

Nevin John
New Delhi, December 13, 2017
While speculations of Mukesh Ambani's dream business venture Reliance Jio's IPO doing rounds, the telco targets to increase market share and turn profitable rather than stepping into the primary market and raise capital.

PB Jayakumar
New Delhi, December 11, 2017
Margin erosion and regulatory hurdles are hitting Indian pharma companies hard in their biggest market.
New Delhi, December 7, 2017
The weak demand in the Gulf continues, whilst low fares as well as yields in the domestic market have limited the ability to offset the increase in fuel prices, Jet Airways CEO Vinay Dube said.
New Delhi, November 30, 2017
Most of the economic indicators suggest that the Indian economy is on recovery after it touched the lowest -in last 13 quarters- of 5.7 for the period of April-June.

Joe C Mathew
November 30, 2017
The second quarter growth, which most economists believe will be slightly better than the previous quarter's 5.7 % will factor in the disruptions in production activities and stocks caused by the rollout of GST from 1, July this year.

November 30, 2017
For July-September, the median in a Reuters poll of economists was for annual growth of 6.4 percent. Forecasts ranged from 5.9 percent to 6.8 percent. If there was 6.4 percent growth, that would mark a sound acceleration from 5.7 percent in April-June, but still lag China's 6.8 percent.
November 15, 2017
Metal stocks a drag on Sensex, Nifty. BSE metal index down 2.43 percent at 13,927 level; Hindalco, Coal India and Hindustan Zinc top losers.
New Delhi, November 14, 2017
The company had posted a net profit of Rs 2,235.14 crore for the corresponding period of the previous fiscal.
November 13, 2017
Telecom operator Idea Cellular reported a consolidated net loss of Rs 1,106.8 crore for the second quarter of the current fiscal. The company had reported a net profit of Rs 91.5 crore in July-September a year ago.
November 9, 2017
Market breadth was positive with 1,485 stocks closing higher against 1,230 ending in the red on the BSE. 141 stocks remained unchanged.
New Delhi, November 8, 2017
As a part of its consolidation plan, the country's second largest public sector lender Punjab National Bank (PNB) has planned to close down, merge or relocate about 200-300 of its loss-making branches over the next 12 months.
November 8, 2017
Teamlease Services shares rise up to 15 percent at Rs 1911 after the company inks definitive agreements to acquire stake in School Guru Eduserve Private Limited. Stock closed 9.67 percent or 161 points higher at 1830 level.

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