Lender UCO has $412 million exposure in PNB banking fraud case

Feb 18 2018 | 5 hrs ago

India’s state-run UCO Bank said it has $411.82 million in exposure to fraudulent transactions carried out at Punjab National Bank (PNB).

Charging points for e-vehicles at railway stations soon

Feb 18 2018 | 9 hrs ago

The Railways will provide space for electric vehicle charging stations at the parking lots of train stations to promote the use of green energy.

Global cues, direction of funds to impact market movement

Feb 18 2018 | 10 hrs ago

Apart from developments on the domestic front, the Indian equity markets would seek direction from global markets during the coming week, said market analysts.

Five of top-10 firms take Rs 38,724 cr hit in m-cap

Feb 18 2018 | 12 hrs ago

The combined market valuation of five of the 10 most valued companies fell by Rs 38,724.25 crore last week, with SBI being the worst hit.

Rakesh Jhunjhunwala-backed John Energy files Rs 350-cr IPO papers

Feb 18 2018 | 12 hrs ago

John Energy, backed by ace investor Rakesh Jhunjhunwala, has filed draft papers with Sebi to raise an estimated Rs 350 crore through an initial public offering.

Market ends flat for the week, PNB fraud shock play spoilsport

Feb 17 2018

Markets spirited attempt reclaim its stature after two weeks of slump were frustrated by PNB fraud shocker as both the Sensex and Nifty managed to close the week flat.

SBI to issue shares to govt for Rs 8,800 cr capital infusion

Feb 16 2018

State Bank 0f India said it will issue equity shares to government at a price of Rs 300.82 a piece against a capital infusion of over Rs 8,799.99 crore.

Flemingo Travel Retail files IPO papers with Sebi

Feb 16 2018

Flemingo Travel Retail has filed preliminary papers with the capital markets regulator Sebi to garner Rs 2,600 crore through an initial share-sale.

Infosys divests entire stake in OnMobile Systems Inc

Feb 16 2018

Infosys, India's second largest software services firm, said it has divested its investment in OnMobile Systems Inc for USD 2.49 million.

BSE Sensex sinks 287 points; ends flat for the week

Feb 16 2018

Both the indices ended flat for the week. The Sensex rose marginally by 5 points, while the Nifty slipped by 2.65 points.

Indian Markets


    34,010.76 286.71   (-0.84 %)

    10,452.30 93.20   (-0.88 %)

Global Markets


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US dollar ends higher against rupee

Mumbai: The US dollar ended sharply higher against the rupee at 64.21/22 per dollar and the pound sterling also finished higher at Rs 90.34/36 per pound at the close of the Interbank Foreign Exchange (forex) market here today.

Following are the Interbank forex and RBI rates: (In Rs per unit) Unit   Interbank   RBI Reference US Dollar  64.21/22  US Dollar  Rs 63.9097 Pound Sterling  90.34/36  Euro       Rs 80.1683 Euro   80.18/20 Japanese Yen (100) 60.50/52



Approves Allotment Of 24.9 Mn Shares On Preferential Basis To 8 Investors

Approves Allotment Of 24.9 Mn Shares At Rs 1,726.05/Share


To invest in Zoomcar India, Zoomcar Inc, U.S.

To invest Rs 176 cr in Zoomcar India

Initial investment in Zoomcar India likely to be completed by Feb 20

Additional investment in Zoomcar India expected to be completed by Aug 31

Co’s stake to increase to 16%


RBI inspection had found diversion of funds within group firms

Funds to the tune of Rs 525 cr given to intermediary borrowing cos

Religare Finvest increased corporate loan book against RBI’s directions

RBI has asked for clarity on rollover of fixed deposits with a bank

Findings suggested continued weakness of internal controls

Economic Times Reports


SC Allows Sale Of Fortis Health Shares Pledged With Lenders

SC allows Axis Bank, Yes Bank to sell, transfer pledged share of Fortis

Earlier, SC had restrained financial institutions from selling pledged shares

Business Standard Reports


Granted European GMP certification from Hungarian regulators for Mfg plant at Goa

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