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Business News

Standard Charted Bank Alleges Vijay Mallya Colluded With Bankers

Standard Charted Bank has levelled allegations of collusion between liquor baron Vijay Mallya and consortium of banks led by SBI, during the hearing of its interlocutory application seeking vacation of the Debt Recovery Tribunal interim order, preventing it from transacting with British liquor giant

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Caught In Row, Kamal Nath Quits As Congress In-charge Of Punjab

His step came as Akali Dal, BJP and AAP had kept up attack on him and the Congress over his alleged role in the anti-Sikh riots which followed the assassination of Indira Gandhi

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India's Eximbank To Loan $176.3 Million To Ivory Coast, Says Ivorian PM

India's Export-Import Bank will issue a $176.3 million loan to Ivory Coast for public works initiatives, including projects in construction and information technology, Ivorian Prime Minister Daniel Kablan Duncan said

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Black money: India, Swiss Officials Expect Automatic Information Exchange By 2018

India and Switzerland on Wednesday said a team would soon visit the Alpine nation to expedite pending information requests on Indians with Swiss bank accounts, while an automatic exchange of details would begin in 2018

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Exports Post Marginal Drop In May As Non-oil Sectors Recover

Exports fell for the 18th month in a row in May, though marginally by 0.79 per cent to $22.17 billion as several non-oil sectors such as engineering and gems and jewellery saw a rise in outward shipments

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Govt Looks To Rein In Pulses Prices Through Imports, Buffer Stock

With prices of pulses soaring to as high as Rs 170 per kg, the government on Wednesday decided to import lentils from Myanmar and Africa and beef up the buffer stocks to check the spike in rates

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Corporate Real Estate Sees Muted Absorption In Jan-Mar

The occupancy of corporate real estate in India for the first quarter has been muted on the leasing front as most occupiers were seen strategizing their plans for the year, with only a few transactions closed during the quarter

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India To Sell 10% Shares In HUDCO

India will sell a 10 per cent stake in state-controlled Housing & Urban Development Corporation Ltd through an initial public offering

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With New Aviation Policy, India Makes It Easier For Airlines To Fly Abroad

The Cabinet tweaked the 5/20 rule that prevented Indian airlines from flying overseas unless they have operated for at least five years and have a fleet of 20 aircraft

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Sensex Ends 4-day Losing Run, Zooms 331 Points On Value-buying

The Sensex rebounded from around three-week lows by rising 331 points to 26,726.34 and the Nifty regained the crucial 8,200-mark on value-buying in recently beaten-down stocks amid firm global cues

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