Bharat Pe and Centrum Group are among four groups which have made the submissions to the Reserve Bank of India (RBI) for the acquisition. Meanwhile, both Bharat Pe and Centrum will hold equal stakes in the venture

In two separate suits filed in New York, one by former founder of New Silk Route Rajat Gupta and other by former CFO & compliance officer Rishi Gupta have red-flagged a $4 million transaction allegedly done on late V G Siddhartha's behest to an unknown entity Welland Investments, but there is more ...

StanChart dropped as much as 3.6%, also to a 22-year low, against the backdrop of a broader selloff in the market with the STOXX European banks index down 4%

ED said it undertook investigations under FEMA regarding advance remittances by certain entities for purchase of TMBL shares through escrow mechanism maintained with Standard Chartered Bank, Mumbai

Reliance Jio has rolled out the Jio Pay in a testing phase to several Jio Phone uses across India.

The report found that IFIN was not compliant with the minimum Net Owned Funds and Capital to Risk Assets Ratio (CRAR) prescribed for an NBFC of its type, as of March 31, 2018

Apart from rise in financial frauds in private companies in India, recent years have also witnessed a rise in the role of shell companies and tax havens in their operations, raising further concerns about illicit operations

CBI inquiry revealed the firms associated with Videocon colluded with the consortium of banks for undue gains causing loss to the banks

Stock Market LIVE Updates: Companies set to announce their earnings are Hindustan Zinc, Birla Corporation, Bajaj Holdings, Bajaj Finance, Hawkin Cookers, Aptech, Colgate-Palmolive, Tata Metaliks, VST Industries, Quick Heal, Jubilant Industries among others

Corona lockdown in India updates: Personnel involved in COVID-19 management activities, central government employees, doctors, and media personnel with authorisation, as well as goods transport and ambulances have been exempted from this

Sensex, Nifty Live News Today: Globally indices turned green as investors turned optimistic over prospects of more government stimulus and tightened lockdowns across the world to combat the virus spread.

There are three repayment options for a borrower who is opting for a moratorium based on the accrued interest and principal amount or the deferred EMIs

Yes Bank's former promoter, his family are accused of using shell companies to defraud the bank

Earlier, within minutes of the opening session on Thursday, equity benchmarks plummeted 6% each, tracking global equities, following a weak trend from overseas as investors turned jittery over mounting fears of Covid-19 infections.

Following the earnings announcement, share price of Sun Pharmaceutical hit the intraday high of Rs 441 on Friday, rising 2.47% as against the previous closing price of Rs 430.95.

Union Budget 2020 Live Updates: PM Modi says budget will increase income, investment, demand and consumption, and will bring new vigor in financial system and credit flow

The auditors have noted that they could not get enough evidence on the basis of which they could say that the financial statement was presented in accordance with requirements of SEBI and accounting standard norms.

Unravelling the mystery behind the death of India's coffee magnate

Coffee Day Enterprises stock has fallen 70 pc from the peak of Rs 374.60 to Rs 110.95 on August 1, 2019 - an erosion of Rs 5,265 crore in market cap

The second Vision Fund has secured investment from Goldman Sachs Group Inc and Standard Chartered Plc. SoftBank's board will meet on Thursday to approve the commitment