Business

Cobrapost had in March exposed how some executives - of ICICI Bank, HDFC Bank and Axis Bank - allegedly agreed to receive unverified sums of cash and put them in their investment schemes.

AI aims to reduce its annual wage bill by Rs 375 crore annually over the next five years once VRS is doled out to its employees.

Dealers attributed the rupee's fall to dollar gains against the euro and yen overseas but a higher opening in the d

Since taking office in July 2012, P Chidambaram has championed reforms and hit the road to woo investors in Asia, Europe and North America.

It also asked banks to stop writing of any kind on the watermark window of bank notes.

For the full fiscal ended on March 31, 2013 the company's consolidated net profit stood at Rs 6,639.72 crore, up from Rs 5,462.51 crore.

Current CEO Paul Walsh will step down from the company's board in the annual general meeting in September and will retire from the company on June 30, 2013.

The Reserve Bank today cut the key interest rate by just 0.25 per cent to 7.25 per cent and kept the liquidity enhancing cash reserve requirement unchanged, disappointing the industry and stock market.

The Sensex spurted by 231.59 points, or 1.19 per cent to 19,735.77, a level last seen on February.

Portugal was the most pessimistic market, followed by Greece, although Greece's score improved from a quarter before.

Strengthening of euro and yen against the dollar in overseas market also supported the rupee.

Jet Airways will sell a 24 per cent stake to Etihad Airways in a $379 million (Rs 2,058 crore) deal.

According to the lawsuit, Novartis found it profitable to pay pharmacies 10 pc to 20 pc kickbacks in exchange for switching Kidney transplant patients.

The Dreamliners have been parked since regulators in USA and elsewhere ordered all planes out of the skies in mid-Jan after batteries on two of them overheated.

The matter has not been listed by SAT in its April 20 'cause list' and it is now understood to have been posted for May.

The facility will enable subscribes to track online the status of their applications for transfer and withdrawals.