Sources

This comes hours after reports suggested that the court imposed penalties on him for contempt after he refused to 'disclose or ascertain the location of $533 million in term loan proceeds'

India set to offer wheat to flour millers, biscuit makers to tame prices: sources

Wheat prices have surged in India this year after a sudden rise in temperatures hit crop yields and output.

Alleged frontrunning case at Axis Mutual Fund | What we Know so Far

Last week, Axis Mutual Fund announced the suspension of two fund managers - Viresh Joshi and Deepak Agarwal - with Viresh also acting as the chief dealer. According to sources, the allegations against the two include front running and price rigging of stocks. Sumaira Abidi explains the timeline of the ongoing probe in this video.

Govt likely to sell 5% shares in PFC next week: Source

A senior finance ministry official said that state-run manganese miner MOIL Ltd could be the next in line with a 10 percent stake sale.

Justice Ganguly quits as WBHRC chief: Sources

The government had already cleared the Presidential reference after Justice Ganguly refused to quit the post. But if Justice Ganguly resigns before that, then the Presidential reference will become infructuous.

Here's how you can plan your EMIs well

Bankbazaar.com explains ways on planning the equated monthly instalments (EMI). It stresses on the consequences of not involving yourself in planning these and how it can be an added strain on finances.

Siemens' board to discuss mgmt's future at weekend: Sources

There was some respite for Chief Executive Peter Loescher on financial markets, with shares in one of Europe's biggest industrial producers rising 1.4 percent after sinking around 8 percent on the profit warning a day earlier.

Reliance earnings as expected; E&P to do better: Taneja

Energy expert Narendra Taneja says that results from Reliance's quarterly performances were in line with the expectations. But, the E&P business will improve, going forward and petchem sector needs to pick up.

Boeing to test 787 battery flights by end of week: Sources

Boeing Co plans to conduct two flight tests of its revamped 787 battery system, possibly as soon as the end of the week, according to three sources familiar with the matter.

StanChart may buy Morgan Stanley India wealth unit: Sources

Standard Chartered Plc is in talks to buy Morgan Stanley's Indian private wealth management unit, which manages about USD 1 billion including loans, two sources with direct knowledge of the situation said on Wednesday.

M&M Financial selling shares to raise $160m: Sources

Mahindra & Mahindra Financial Services , which provides financial services in the rural and semi-urban areas, launched a share sale on Wednesday to raise about USD 160 million, two sources with direct knowledge of the situation said.

Breakthrough in Voda-govt stalemate close: Sources

CNBC-TV18's Aakansha Sethi‘s reports, quoting sources, says that a settlement is likely between Vodafone and the Indian government.

Rangarajan-led team to aid govt price gas: Sources

According to government sources, CNBC-TV18 has learnt that a committee led by C Rangarajan will be set up to help the government decide on gas pricing

I-T sends KFA third reminder, to show cause on April 30

CNBC-TV18‘s Swati Khandewal reports that according to sources the I-T department has sent a third note for prosecution proceedings to debt-ridden Kingfisher Airlines