The Supreme Court on Friday gave the RBI "one last opportunity" to disclose annual inspection reports of banks as it just stopped short of issuing a contempt notice against RBI Governor Shaktikanta Das, and ordered the Reserve Bank of India to disclose the wilful defaulters' list under the Right To Information Act....
The Ministry of Corporate Affairs is ready to strike against Deloitte Haskins and Sells in the murky IL&FS case. IANS learns that MCA has taken an aggressive view over malpractices by Deloitte over the last decade which has led to papering over the large cracks in its finances. Misrepresentation, cooking of books by auditors and malafide practices ...
Microsoft stock hit $1-trillion mark after the company announced impressive third-quarter results, riding on the success of its Azure Cloud as big enterprises moved to Azure infrastructure....
With Saudi Arabia looking to diversify its economy, India's new ambassador to the kingdom, Dr Ausaf Sayeed, believes this offers new opportunities for both the Indian industry and the workforce....
Twitter on Tuesday said its revenue jumped 18 per cent to $787 million in the first quarter of this year compared to last year, while its monthly active users went down to 330 million, a year-on-year drop of six million. ...
The Indian Banks Association (IBA) has submitted a memorandum to the Reserve Bank of India (RBI) on the resolution of stressed assets....
The Civil Aviation Ministry has asked domestic carriers to desist from raising fares on routes connecting far-flung areas, especially in the northeast, in the wake of the grounding of Jet Airways....
Twitter India on Monday appointed Manish Maheshwari, ex-CEO of Network18 Digital, as the Managing Director for its India operations....
In a move that is likely to weaken the powers of Electric Vehicle (EV) maker Tesla Founder Elon Musk and cut some of his strongest allies from the board of directors, the company has said that four of its 11-member board would step down by 2020, thus shrinking the board's size by more than a third....
Recent news about an increase in Indian corporates and state entities issuing dollar bonds is welcome news, especially since it clearly shows investor appetite for lending to credible Indian business models. However, relatively easy liquidity and high investor appetite for lending in the international markets must be tempered by the fact that bor...
