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Andhra Bank shares slump to 15-year low on fraud probe

Finance

12 March, 2018

Andhra Bank shares slump to 15-year low on fraud probe

Shares in the state-run Andhra Bank, already hurt by an industry-wide spillover of a huge scam in another lender, fell ......

Norway's $1 tn wealth fund may blacklist more companies for high emissions

Finance

09 March, 2018

Norway's $1 tn wealth fund may blacklist more companies for high emissions

The ethics watchdog for Norway’s $1-trillion sovereign wealth may blacklist more companies that produce too much greenhouse gas by scrutinizing ......

StanChart reaches provisional pact to sell real estate unit to Actis

Finance

09 March, 2018

StanChart reaches provisional pact to sell real estate unit to Actis

Standard Chartered has reached a provisional agreement to sell its real estate investment unit to private equity firm Actis, the ......

Govt to split Air India's $8.5 bn debt before selling stake

Infrastructure

09 March, 2018

Govt to split Air India's $8.5 bn debt before selling stake

India will transfer part of Air India's $8.5 billion debt pile to a special purpose vehicle before selling a stake ......

Sensex, Nifty back in the red as bank stocks slide

Markets

09 March, 2018

Sensex, Nifty back in the red as bank stocks slide

Indian shares erased early gains and closed slightly lower on Friday, dragged down by steel companies such as Tata Steel ......

National Stock Exchange says hopes to float IPO in FY19

Finance

08 March, 2018

National Stock Exchange says hopes to float IPO in FY19

India’s National Stock Exchange said on Thursday it was hopeful of going public in the next financial year beginning April ......

Sensex closes higher for first time in a week as banks gain

Markets

08 March, 2018

Sensex closes higher for first time in a week as banks gain

Indian shares closed higher on Thursday, snapping a six-session losing streak, as lenders recovered while Asian peers found relief on ......

Govt says it will invite initial bids for Air India stake sale in next fortnight

Infrastructure

08 March, 2018

Govt says it will invite initial bids for Air India stake sale in next fortnight

India will invite initial bids for a stake sale in state-run carrier Air India in the next couple of weeks, ......

Tata Steel emerges as top bidder for Bhushan Steel

Manufacturing

07 March, 2018

Tata Steel emerges as top bidder for Bhushan Steel

India's Tata Steel Ltd said on Wednesday it was selected as the highest bidder to buy a controlling stake in ......

Markets close in the red for 6th straight session as oil stocks, banks weigh

Markets

07 March, 2018

Markets close in the red for 6th straight session as oil stocks, banks weigh

Indian shares ended lower on Wednesday, dragged by oil explorers including Reliance Industries Ltd and banks such as ICICI Bank ......