The ED sought to know about the financial transaction with Iqbal Mirchi's family. It could have taken place somewhere between 2010-11 through an associate company where Neeraj Sighal was the director.
After hearing the arguments from both sides, the court sent Merchant to custody in remand till October 24.
The KPMG audit has reportedly found that the DHFL promoters had diverted nearly Rs 20,000 crore of bank loans to its related entities, another banker confirmed.
Sovereign Gold Bonds offer a better alternative to physical gold with tax-free interest and carry no purity risk
While India is still one of the fastest growing countries in the world, a lot more needs to be done, he observed. In a wide-ranging interview with CNBC-TV18, Dimon touched on various topics including India’s slowing GDP growth, unemployment and fiscal challenges.
The board has approved an interim dividend of Rs 0.80 per equity share for the first half of the current financial year.
With this deal, SoftBank will have spent more than $19 billion on a company that is now valued at just $8 billion.
Kotak expects credit growth to be between 15-20 percent, supported by a higher net interest income (NII) and net interest margin (NIMs) by end of March 2020.
Partho Dasgupta who was the CEO at BARC since 2013, announced plans to relinquish his position.
It was the worst-hit among the frontline companies on both Sensex and Nifty.
Gandhi in a tweet posted a petition and shared some pictures with the union's members.
The board has also approved the resignations of Rajiv Kaul as President and Rajan Shah, its Chief Financial Officer as they wanted to move to Brookfield.
The orders are for residential and commercial building projects in South and North India totalling Rs 782 crore and a water supply project worth Rs 277 crore in Jharkhand, a company statement said.
Net declined despite the company recording a growth of 14.5 percent in consolidated revenue at Rs 749 crore over the same period last year.
The regulator has also recommended additional clarity in definition of OSP players.
The company's total expenses for the period grew to Rs 314.54 crore as against Rs 87.57 crore in Q2 FY19, mainly attributable to the project cost.
While the average stipend offered in 2018 stood at Rs 1.07 lakh per month, in 2019 the average stipend went up to Rs 1.2 lakh per month.
The disclosure framework has been based on the recommendation of the Corporate Bonds and Securitisation Advisory Committee (CoBoSAC), chaired by H R Khan, former deputy governor of the Reserve Bank of India (RBI), Sebi said in a circular.
Total income stood at Rs 485.2 crore for the quarter under review as against Rs 436.8 crore for the same period a year ago, it added.
According to the pivot charts, the key support level for the Nifty is placed at 11536.57, followed by 11484.83.
The most preferred mode of payment opted by consumers is credit cards at 55 percent as compared to 42 percent last year
"We have also started to use our leadership from India across other countries – South East Asia and Middle East - and that is a reflection of how successful this business has been and important for our company," he said.
Santhosh Mahalingam, Managing Director of MGS, talks about how technology is transforming the bank’s business processes.
'If I look at Uber's growth over the next 10 years it's going to be defined by markets like India, Africa, the Middle East more so than the developed markets such as the U.S. and Europe,' Khosrowshahi said.
OYO has already firmed up capacity expansion in Kolkata from 7,000 rooms to 20,000 by the end of 2020.