KPMG roped in as forensic auditor; incidents expose weak risk management in PSBs The Finance Ministry has ordered a forensic audit of Dena Bank and Oriental Bank of Commerce after some of their Mumbai-based branches allegedly misappropriated funds worth
The Board of Directors of Kasturi and Sons Ltd (KSL), publishers of The Hindu and Group publications, has announced the induction at a Board meeting today of Ms. Vinita Bali, former Managing Director of Brittania, and Mr. S. Mahalingam, former Executive
Bank, capital goods stocks steal the show The Sensex and the Nifty were trading higher by nearly 0.4 per cent on selective buying by funds and retail investors amid mixed Asian cues. At 11.00 a.m., the 30-share BSE index Sensex was trading at 26,422.7
Banking stocks were on the ascendant on the NSE on Thursday morning. Private lender Kotak Mahindra Bank was the top gainer, quoting at ₹1,021 at 11.04 am. This represented a gain of 2.10 per cent on its previous close at ₹1,000. Bank of Baro
The armed wing of Hamas warned foreign airlines on Wednesday against flying into Tel Aviv, threatening to step up its six-week conflict with Israel and declaring truce talks in Cairo over.“We are warning international airlines and press them to stop
The stock of United Spirits came under pressure in early trade on Thursday on exclusion from Nifty. The stock opened at 3 per cent lower at Rs 2,390 but recovered to Rs 2,419.15, still down 1.5 per cent over the previous day's close. Zee Entertainment E
Auto and banking sector stocks were in the limelight in Thursday morning trade on the BSE. At 10.55 am Bajaj Auto was the top gainer on the bourse, quoting at ₹2,243.10. This represented a gain of 2.05 per cent on its previous close at ₹2,198.
Kotak Trustee Company Private Ltd, a promoter group entity of Kotak Mahindra Bank Ltd, sold 16 lakh shares of the bank on Thursday. Promoters of the bank have been reducing their stake following the Reserve Bank of India's directive in May to reduce its
Berger Paints (I) Ltd has appointed Naresh Gujral as additional director of the company. In a communication to the stock exchange, Berger Paints said the appointment was with effect from August 20.
The rupee declined by 13 paise to 60.74 against the US dollar in early trade today due to appreciation of the American unit against other currencies overseas.Besides, fresh demand for the US dollar from importers also put pressure on the rupee.The local u
Gold prices declined further at the domestic bullion market today due to continued profit—taking by stockists and investors amid global bearishness ahead of the outcome of Fed minutes.Silver plunged on the back of sustained unwinding by speculative t
In commodity trading, the difference in price between two different futures contracts is called a spread. This actually helps in taking advantage of price differential between two contracts, while protecting an investor in the market from any volatile move
Priced at ₹42,300, the product targets young women TVS Motor has launched the Scooty Zest 110, targeting young women looking for a powerful scooter with good mileage. “This is a young women’s product,” said Chairman Venu Sriniv
IT major Tech Mahindra today announced the launch of ‘SaralRozgar job cards’ in Rajasthan with an aim to create a common platform for employers and jobseekers. We target to enroll maximum under-graduate job seekers for the low-cost service t
The implementation of the ₹3,110-crore Resid Upgradation project of Chennai Petroleum Corporation Ltd (CPCL) is on track for completion by next year.“The civil works are in progress and delivery of materials at project site will commence shortl
Former Telecom Minister A Raja, DMK MP Kanimozhi and seven others, chargesheeted by the Enforcement Directorate (ED) in a 2G scam-related money laundering case, were today granted bail by a special CBI court. “All the bail applications are allowed
Five Indian companies, including Hindustan Unilever and Tata Consultancy Services, are among Forbes’ list of the world’s 100 most innovative companies that investors think are most likely to “generate big, new growth ideas’’.
The Government’s attempt at rationalising export promotion schemes to increase focus on labour-oriented and high growth areas is being resisted by various export bodies who do not want to give up their present benefits. “The promotion scheme
The Centre should take advantage of falling global oil prices to decontrol diesel The average price of crude imported by Indian refiners has fallen to $99.94 a barrel, the first time it has gone below the $100 mark since June 26, 2013. This has implicati
Use apps to help the eco drive Going ‘green’ is a popular buzzword today and whether you’re doing your bit to keep up with Joneses or because you’ve decided to respect the earth and live more ‘sustainably’, there are w
Does Watch Dogs, one of the most anticipated games since 2012, live up to the hype? It’s one thing to take on a game like Grand Theft Auto. It’s totally another prospect, and a really crazy one, to infuse pirate-like elements inspired by a be
Whether it is in Delhi and Mumbai or Kochi and Patna, the radio taxi has become ubiquitous. Rashmi Pratap looks at how and why this mode of transport has become so popular across India. Software professional Raza Khan earns about ₹2 lakh a month,