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

1 week 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  ... ...

Air India sale fails to take off; deadline ends with zero bids

2 months ago
In a blow to the government's privatisation drive in aviation, no bidder showed up on the last day of submitting expression of interest to buy a controlling stake in Air India. With that, the disinvestment of the national carrier, which had kicked off No bidders for Air In ... ...

Bank strike: Digital operations, delayed salaries to give some pain ahead

2 months ago
Branchlevel operations, including cheque clearance and cash deposits, took a hit on Wednesday after 1 million bank employees participated on the first day of a twoday nationwide strike called by unions demanding wage hike. While ATM functions were ... ...

Will Walmart be liable to pay tax to Indian authorities after Flipkart buyout?

2 months ago
The largestever deal in India's booming ecommerce space is in its final leg. Flipkart, country's biggest etalier, has bought back over 1.8 million shares worth more than $350 million from minority investors, clearing the decks before its sale to ... ...

Axis Bank posts first quarterly loss since listing in 1998 at Rs 21.8 bn

3 months ago
Axis Bank rallies 230% under Shikha Sharma; markets see exit as positive Axis Bank Q3 profit up 25% to Rs 7.2 bn as net interest income grows In a surprise move, Shikha Sharma wants 7month term as Axis Bank chief Shikha Sharma's eventful nine years at ... ...

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