On January 21, state-run LIC completed its acquisition of 51 per cent stake in IDBI Bank
business
Zee promoter Essel Group receives formal consent of lenders
Mumbai, The Zee Entertainment Enterprises Ltd (Zeel) promoter Essel Group has secured the formal consent of its lenders to whom the shares held by Essel have been pledged, the latter announced. A late Sunday announcement by the Subhash Chandra-led Essel Group said the formal consent has been received following a[Read More…]
In crackdown against Zee, SEBI summons MF CEOs and rating agency chief for quizzing
New Delhi: In what finally appears to be a crackdown against Zee, consequent to the enforcement of securities by two lenders on Friday, Member SEBI Madhabi Puri Buch has finally summoned the four CEOs of Birla MF, ICICI MF, HDFC MF and RELIANCE MF and the CEO of ratings agency[Read More…]
Paytm enters hotel booking business, takes over NightStay
Paytm’s hotel partners include chains like Sarovar, Zuri, Treebo, Indian Hotels Co’s Ginger, Sterling and Vresorts.
Indian Oil Corp marks profit in Q3, despite plummeting prices of crude oil
Despite heavy decline crude oil prices and decline in the refining margins, state owned oil and gas company Indian Oil Corporation (IOC) registered a profit. For the period between October-December the company saw a profit of Rs 716.8 crore. In the same period a year ago, company had reported a[Read More…]
Axis Bank’s Q3 net profit rises 131%
Mumbai: Lending major Axis Bank on Tuesday reported an exponential growth of 131 per cent in its year-on-year net profit for the third quarter of 2018-19. According to the firm, net profit during the quarter under review increased to Rs 1,681 crore from Rs 726 crore reported for the corresponding[Read More…]
DHFL siphoned off Rs 31,000 crore of public money, claims Cobrapost
New Delhi: A news website Cobrapost on Tuesday claimed that primary promoters of DHFL, a housing finance institution, siphoned off over Rs 31,000 crore of public money through loans and advances to shell companies and other means to create private wealth for themselves. Calling it the “biggest banking scam in[Read More…]
Chidambaram’s custody necessary in INX case: CBI, ED tell HC
Justice Sunil Gaur reserved the order on former Finance Minister’s anticipatory bail plea after Chidambaram and the probe agencies concluded the arguments. Solicitor General Tushar Mehta told the bench that custodial interrogation of Chidambaram was necessary as he was evasive and had given false information during questioning. The ED and[Read More…]
DLF closes 11.5% down after CBI raids office
The Central Bureau of Investigation (CBI) on Friday registered a fresh case against former Haryana Chief Minister Bhupinder Singh Hooda and several others in connection with the alleged irregularities in allocation of over 1,417 acres of land during 2009-12 in Gurugram and carried out raids at more than 20 places[Read More…]
Maruti Suzuki’s Q3 net profit down 17.2%
According to Maruti Suzuki, the net profit during the quarter under review declined to Rs 1,489.3 crore from Rs 1,799 crore during the corresponding period of previous fiscal. “The company registered net sales of Rs 189,264 million, lower by 0.1 per cent, and net profit of Rs 14,893 million, lower[Read More…]
