Business

Business

Top banks probe money laundering accusations

TOP private sector lenders ICICI Bank, HDFC Bank and Axis Bank said they were investigating allegations of widespread money laundering practices at their branches.   The...

Cairn India plans $2bn investment, shares rise

SHARES of oil producer Cairn India rose nearly three per cent on Monday (March 25) after the explorer said it plans to invest $2bn...

Infosys appoints Narayana Murthy as executive chairman

IN A MAJOR top management re-shuffle, Infosys on Saturday (June 1) said it has re-appointed N R Narayana Murthy as executive chairman and additional...

Indian rupee hits new record low, stocks dive

INDIA’S rupee plunged to a new low, posting one of its sharpest-ever single-day falls, and shares tumbled on Tuesday (August 27) on fears about...

Parliament approves foreign equity in pensions

INDIAN lawmakers approved on Wednesday (September 4) long-awaited legislation to allow foreign investment in its pensions sector in a move aimed at drawing foreign...

Etihad chief says focused on India’s Jet Airways

ABU DHABI-BASED Etihad airlines is focused on taking a stake in India’s Jet Airways, its chief executive said on Friday (September 20) amid media...

US to slap huge fine on Infosys, says report

THE US government plans to punish Indian outsourcing giant Infosys Ltd. with the largest immigration fine ever for seeking visas fraudulently for workers at...

Vodafone plans $1.65bn investment to fully own India unit

BRITISH mobile phone giant Vodafone said on Tuesday (October 29) it was seeking regulatory approval to take full control of its Indian unit for...

Indian Realty poised for a major turnaround

THOSE looking to invest in property in India should head to the Realty India Expo 2014 this weekend (31-1) at the Hilton Metropole Hotel...

India to liberalise debt market in ‘measured way’

INDIA is opening its short-term debt market to foreign investors, but liberalisation will be “in a measured way” to avoid causing volatility, central bank...