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Italy opens probe into operator of collapsed bridge, investors dump shares

5 days ago
By Ilaria Polleschi. GENOA, Italy () Italy's government opened an investigation on Thursday into. the country's biggest tollroad operator, hours after saying it could face a heavy fine or lose its concession over a bridge collapse that killed ... ...

Tata Motors skids to first quarterly loss in three years

3 weeks ago
By Aditi Shah and Arnab Paul. NEW DELHI/BENGALURU () India's Tata Motors Ltd reported its first quarterly loss in nearly three years on Tuesday as its British unit Jaguar Land Rover (JLR) sold fewer of its luxury cars to dealerships in China ... ...

LIC gets board's nod to buy majority stake in IDBI Bank

1 month ago
The LIC board today gave approval to the insurance behemoth to acquire IDBI Bank by raising stake to 51 per cent via preferential shares, Economic Affairs Secretary S C Garg said today. The debt laden bank will issue preferential shares to stateowned ... ...

Auditor Deloitte raises red flag over Fortis Healthcare's financial results

1 month ago
Delhiheadquartered hospital major Fortis Healthcare on Saturday released its audited results for the fourth quarter and financial year 201718, which were largely in line with the unaudited numbers announced last week. However, auditor Deloitte ... ...

Ahmedabad: CBI arrests 2 retd. bank officials in a loan fraud case

2 months ago
The Central Bureau of Investigation (CBI) on Friday arrested two senior retired officers of Bank of India in an alleged loan fraud of approximately Rs. 2,654 crore by a Vadodarabased firm. Both the arrested accused will be produced on Saturday before  ... ...

Anil Agarwal to delist Vedanta Resources from LSE; offers $1 bn to buy out minority shareholders

2 months ago
Mining mogul Anil Agarwal plans to delist his flagship firm Vedanta Resources Plc from the London Stock Exchange after buying out 33.5 per cent of nonpromoter shareholders for about USD 1 billion. Agarwal's Volcan Investments Ltd, which currently ... ...

Business conditions improve at the strongest pace in 2018 so far: Nikkei India Manufacturing PMI

2 months ago
Nikkei India Manufacturing PMI rises from 51.2 in May to 53.1 in June 2018. India's manufacturing conditions improved in June at the strongest pace since December 2017, supported by the sharpest gains in output and new orders in 2018 so far. Reflecting  ... ...

ICICI Bank names former IAS GC Chaturvedi as chairman

2 months ago
ICICI Bank today named a new nonexecutive parttime chairman in former bureaucrat Girish Chandra Chaturvedi, who said he did not believe the lender was in a mess and it could be steered out of recent incidents. Chaturvedi, 65, will replace current  ... ...

Fortis probe finds systemic lapses, moves to recover Rs 500 cr from Singh bros

2 months ago
Fortis Healthcare today said it has initiated legal action to recover about Rs 500 crore of funds allegedly taken out of the company by its founders Malvinder and Shivinder Singh after an external investigation found "systemic lapses and override of ... ...

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