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BusinessToday.In
New Delhi, April 23, 2018
Amazon to focus on fresh produce in IndiaAmazon.com Inc expects groceries and household products to account for over half of its business in India in the next five years. It's trying to foray into areas such as fresh produce. Amit Agarwal, the India head of Amazon, has said that groceries and goods such as creams, soaps and cleaning products, were already the largest product category on Amazon in terms of number of units sold in India. AmazonFresh, which launched more than a dec...


PTI
April 12, 2018



PTI
April 12, 2018



Aseem Thapliyal
April 12, 2018
On March 28, the stock closed at 278 level on BSE after the bank board countered allegations of a quid-pro-quo in sanctioning of Rs 3,250 crore loan to the Videocon Group,  and backed CEO Chanda Kochhar, saying that no individual employee, irrespective of his or her position, has the ability to influence credit decision at the bank.


BusinessToday.In
April 10, 2018
Axis Bank's Shikha Sharma has had an illustrious career in banking, regardless of the rough patch that's hogging the headlines lately. Known for her calm and composed disposition, Sharma is not new to tough times.


Anand Adhikari
New Delhi, April 9, 2018
Days after the Reserve Bank of India (RBI) asked the board of the Axis Bank to reconsider their decision to extend the tenure of Shikha Sharma, MD and CEO of the private bank, Sharma, an ex ICICI banker, seems to have looked for an honourable exit.


BusinessToday.In
April 9, 2018
The investors are worried about value erosion in the bank as uncertainties cloud its operations and potential liabilities make future earnings unpredictable.


BusinessToday.In
New Delhi, April 9, 2018
Following the Videocon loan case, the board had met on March 28 and April 2, but a few directors were not present in the meetings


PTI
New Delhi, April 8, 2018
The CBI questioned Mahesh Chandra Punglia, closely associated with Videocon group in connection with ICICI Bank's Rs 3,250 crore loan to the Group in 2012, as the examination of Rajiv Kochhar, ICICI Bank MD and CEO Chanda Kochhar's brother-in-law, continued for the third day today, officials said here.


PTI
New Delhi, April 7, 2018
The questioning of Rajiv Kochhar, ICICI Bank MD and CEO Chanda Kochhar's brother-in-law, by the CBI started on the third consecutive day today in connection with the banks Rs 3,250 crore loan to Videocon Group in 2012, officials here said.


BusinessToday.In
New Delhi, April 4, 2018
If the Ministry gives the go ahead, the SFIO will become the third investigating agency to probe the alleged favouritism in sanctioning the multi-billion loans to the Videocon Group.


BusinessToday.In
New Delhi, April 3, 2018
Few more notices have been sent to the people associated with the firm and based on their replies, further action will be taken, they said. In a related development, the CBI officials said that Deepak Kochhar, who has been named in a preliminary enquiry, will be called for questioning soon.


PTI
April 3, 2018



Sahil Joshi
New Delhi, April 3, 2018
Clarifying his stand on the allegations levelled against him to some Marathi channels, visibly-agitated Dhoot said: \"Marathi 'manoos' is unnecessary being targeted. We belong from a Varkari community of Maharashtra, who are devotees of Lord Vitthal. We would never enter into illegal act or any financial irregularities.\"


PTI
March 31, 2018



BusinessToday.In
New Delhi, March 30, 2018
Watch this BusinessToday.In video about who were on the ICICI Bank Credit Committee that approved a hefty loan of Rs 3,250 crore to Videocon Group for which the bank's present chief executive Chanda Kochhar is charged with alleged conflict of interest.


BusinessToday.in
New Delhi, March 7, 2018
Nirav Modi's Firestar Diamond moves Delhi High CourtNirav Modi's firm Firestar Diamond has moved the Delhi High Court against the money laundering case lodged by the Enforcement Directorate (ED) in connection with the ongoing Punjab National Bank (PNB) fraud case. Firestar Diamond International Private Ltd, which is named as one of the accused in the case, has sought a direction to the Ministry of Finance and the Directorate of Enforcement to supply it several documents, includi...


BusinessToday.in
March 6, 2018
While the Sensex closed 429 points or 1.27% lower at 33,317, the Nifty fell 109 points or 1.06% to 10,249 level. Banking stocks took the plunge with the BSE Bankex falling 401 points or 1.44% to 27,551 level.


BusinessToday.in
March 6, 2018
ICICI Bank led the 31-bank consortium that extended credit to the tune of Rs 5280 crore to Mehul Choksi's Gitanjali Group.


BusinessToday.in
New Delhi, January 23, 2018
The World Economic Forum was perhaps the biggest platform for Prime Minister Narendra Modi to pitch the country as a global investment destination and tell the world that India means business.


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