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Nirav Modi and Mehul Choksi are accused in the fraudulent issuance of LoUs and Letters of Credit (LCs) worth USD 2 billion by the PNB. (Photo: File)

RCN may not help extradite Choksi due to Antigua's reluctance:...

Pending Red Corner Notice request against Mehul Choksi will be taken up by Interpol in October.

7 Sept 2018 3:16 PM IST

Union Bank of India Ltd reported on Thursday a 25.83 billion-rupee net loss for its fourth quarter.

RBI fines Union Bank Rs 1 crore for delay in fraud detection,...

However, the bank said that the amount of the penalty is not material considering the size of the bank.

7 Sept 2018 3:16 PM IST

According to sources, the revenue department will write to Flipkart seeking the share purchase agreement that the company had entered into with Walmart to calculate the tax liability.

Flipkart aims over 30 per cent phone sales this festive season

Mobile phones are one of the most popular items sold through e-commerce sites in the country.

7 Sept 2018 3:13 PM IST

Fortis board on Wednesday saying it may be willing to pay as much as Rs 160 per share to acquire control of the company.

Fortis arm sells 15 lakh shares in RHT to FHIL

RHT has a portfolio of 12 clinical establishments, and operating hospitals across India.

7 Sept 2018 2:51 PM IST

Disinvestment-bound Air India has approached aviation regulator DGCA for renewal of its flying permit, expiring in June.

Govt working on strategic sale of Air India subsidiary AIATSL

Air India is reeling under a debt burden of Rs 48,000 crore.

7 Sept 2018 2:38 PM IST

The quantity of gold smuggled was higher earlier, but the gants were playing safe and bringing gold in lesser quantities. (Representational image)

Gold softens on slack demand, global cues

Gold is trading at Rs 31,450 per 10 gram at the bullion market on muted demand from local jewellers.

7 Sept 2018 2:29 PM IST

HCL Technologies Ltd posted a 9.5 per cent rise in second-quarter profit in 2017. (Photo: HCL Tech website)

HCL Tech names Prateek Aggarwal as new CFO

Aggarwal will replace Anil Chanana, who will step down from his position on October 1.

7 Sept 2018 2:19 PM IST

Electric cars and electric scooters on display at Happy Cities Summit here are grabbing the eyeballs of scores of visitors. (Image: Reuters)

Suzuki Motor Corp to start road test of e-vehicles next month

The company has decided to launch EV in India around 2020 in cooperation with Toyota Motor Corporation.

7 Sept 2018 1:45 PM IST

Around 300 Chennaiites gather at Valluvar Kottam on Saturday to protest against the increasing cases of mob violence and lynching in the country. (Photo: DC)

SC warns 18 states, gives one week to show steps taken to prevent mob...

On July 17, the top court had said that 'horrendous acts of mobocracy' cannot be allowed to overrun the law.

7 Sept 2018 1:43 PM IST

Prime Minister Narendra Modi.

PM Modi pitches for investments in electric vehicles manufacturing

He said clean mobility powered by clean energy is the most powerful weapon to fight climate change.

7 Sept 2018 12:49 PM IST

The UIDAI has restored Bharti Airtels authorisation to conduct Aadhaar-based verification of its mobile subscribers.

Airtel Payments Bank enables card-less cash withdrawal at ATMs

Airtel Payments Bank has partnered with Empays, a global provider of cloud based payment solutions.

7 Sept 2018 12:42 PM IST

Vehicles will soon come fitted with number plates and the cost will be included in the four-wheelers price, Union Minister Nitin Gadkari said.

Will have ethanol industry worth 1 lakh crore in 5-7 years: Gadkari

Terming pollution -"India's biggest problem-", Gadkari said that Ethanol-based fuel will help tackle pollution.

7 Sept 2018 12:13 PM IST