Business

Wave Group vice-chairman Manpreet Singh Chadha was arrested while he was trying to escape to Thailand.

Speculations have been rife about former Reserve Bank of India (RBI) chief Raghuram Rajan being one of the top contenders for the post of Bank of England Governor .

Shares of Reliance Capital fell as much as 6.7% in early trade on Wednesday, while those of Reliance Home Finance plunged nearly 10% after the announcement.

Crisil said the revised framework which was released last Friday after the original one issued on February 12, 2018, was struck down by the Supreme Court earlier this year.

Chhibber was appointed following removal of Parvez Ahmed as CMD of the bank by the Jammu & Kashmir administration.

The announcement comes after Credit Analysis and Research Limited (CARE) downgraded the ratings assigned to the bank facilities of Eros International.

The rupee opened at 69.23 the interbank forex market then gained further ground to touch 69.21 per dollar amid positive opening in domestic equities, displaying gains of 7 paise against the greenback.

To boost the sagging economy, the RBI on Thursday lowered its benchmark lending rate to a nearly nine-year low of 5.75 per cent and changed its monetary policy stance to accommodative, leaving space for future rate cuts.

The Securities and Exchange Board of India (Sebi) had conducted a probe from September to December, 2016 in the trading of KTL's shares.

The rupee opened strong at 69.48 at the interbank forex market then gained further ground and touched 69.39 amid a positive opening in domestic equities.

Jet Airways, which halted operations on April 17 after running out of cash, had a market share of around 12 percent on international flights in 2018.

The International Air Transport Association (IATA) also said that overall costs are expected to grow by 7.4 per cent, outpacing a 6.5 per cent rise in revenues.

The development comes days after Jet Airways'former Chairman Naresh Goyal and his wife Anita were off-loaded from a London-bound flight in Mumbai due to a lookout circular that has been issued against them by the MCA and the Serious Fraud Investigation Of...

IFC, in a statement, said that it has contributed $92 million of the total of $222 million, while the rest has come from First Abu Dhabi Bank ($50 million), MUFG Bank Ltd ($50 million), National Bank of Ras Al-Khaimah PJSC ($20 million) and CTBC Bank Comp...

The airline has written to its engineering staff that effective June 1, 2019 both Jet Airways and JetLite AMOS Production Environment (a software package provided by a Swiss company for managing aircraft data) will not be available for use.

The BSE gauge closed 66.44 points, or 0.17 per cent, higher at 39,749.73 -- its all-time closing high; while the NSE benchmark Nifty logged a marginal rise of 4 points or 0.03 per cent to settle at 11,928.75 -- a new closing peak for the index.