Finance

Sliding oil prices could smudge year-end stocks rally

The Wall Street sign is seen outside the New York Stock Exchange, March 26, 2009.   With Wall Street heading into its usually buoyant year-end period, continued weakness in oil prices presents a major wildcard that could spoil any holiday cheer for stock investors. With seven full trading days left in the year, plus a shortened Christmas Eve session, some ... Read More »

India and Russia eye nuclear, helicopter deals before Modi’s Moscow visit

Prime Minister Narendra Modi delivers a speech during the opening session of the World Climate Change Conference 2015 (COP21) at Le Bourget, near Paris, France, November 30, 2015.   Prime Minister Narendra Modi is expected to promote deals for Russian nuclear reactors and military helicopters worth billions of dollars on a trip to Moscow next week, attracted by promises to ... Read More »

Volkswagen chairman eyes job rotation for key roles – Welt am Sonntag

Former CFO and new Chairman of Volkswagen Hans Dieter Poetsch addresses a news conference after being appointed by Volkswagen’s Supervisory board at the company’s headquarters in Wolfsburg, Germany October 7, 2015. Volkswagen plans to limit the time staff can remain in certain roles, its supervisory board chairman told a German weekly, in a step to improve oversight at the German ... Read More »

Govt to push for bankruptcy law in Parliament in next 3 days – Jaitley

Finance Minister Arun Jaitley speaks with the media in New Delhi November 23, 2015. The government will push for a bankruptcy law in parliament in the remaining three days of the winter session, Finance Minister Arun Jaitley said on Saturday, hoping to end a political deadlock. “I am going to be pushing for the insolvency and the bankruptcy law before ... Read More »

U.S. FDA warns Sun Pharma over standards at Halol plant

A logo of Sun Pharmaceutical Industries Ltd at its research and development center in Mumbai April 7, 2014. India’s largest drugmaker Sun Pharmaceutical Industries Ltd has been warned by U.S. health regulators for violating manufacturing standards at its Halol plant in India, even as it has been working on fixing issues at the plant for over a year. The U.S. ... Read More »

Currency Overload Caused ATM Malfunction at Sikar: Axis Bank

Axis Bank on Wednesday said the incident at an ATM in Rajasthan where more money was released than the amount entered by customers happened due to “erroneous loading of currency notes” by an outsourced agency. According to reports, one of the bank’s ATM located at Sikar in Rajasthan released much more money than entered by various customers. “The incident occurred ... Read More »

Sebi to Refund Disgorged Funds to Investors in IPO Irregularities

Capital markets regulator Sebi will distribute among eligible investors the funds it has collected through disgorgement orders in cases of IPO irregularities – a move that will benefit as many as 4.63 lakh investors. The total amount to be distributed is Rs 18.06 crore, which includes Rs 7.35 crore recovered by Sebi through exercise of its newly-conferred recovery powers. Wherever ... Read More »

RBI Announces New Methodology to Calculate Base Rate

EMIs on home and auto loans are likely to fall as the Reserve Bank has come out with a new methodology for determining base or minimum lending rates. Base rate is the minimum rate below which a bank can’t lend to customers. The new methodology will improve efficiency of monetary policy transmission and will come into effect from April 1,2016. ... Read More »

StanChart May See White Knight Takeover on Painful Recovery: CLSA

UK bank Standard Chartered (StanChart) could be acquired by a white knight as its recovery could prove to be “challenging”, according to broker CLSA, which upgraded shares of the Asia-focused lender on that possibility. Singapore’s biggest lender DBS Group would be the most likely buyer, added CLSA in a note to clients dated December 17. StanChart has seen its shares ... Read More »

Jet Airways CEO Cramer Ball Quits, To Join Alitalia

Jet Airways chief executive officer Cramer Ball has resigned and the airline’s whole-time director Gaurang Shetty will work as acting CEO in his place, Jet Airways announced on Thursday. Ball’s resignation will be effective from February 29 next year, it said.┬áJet Airways had appointed Ball as its CEO in May last year. Loss-making Italian airline Alitalia said on Thursday it ... Read More »