News WrapGet Handpicked Stories from our editors directly to your mailbox

bank default

Axis Bank's rating unaffected by not honouring guarantee: Fitch

The agency has a 'BBB-' rating with a stable outlook on the Shikha Sharma-led bank.

Mar 26, 2018, 15:18 PM IST

Diageo holds $35 million payment to Vijay Mallya

British liquor giant Diageo has decided to withhold remaining USD 35 million due to Vijay Mallya as part of the USD 75 million (Rs 515 crore) sweetheart deal for his exit from United Spirits Ltd, a source familiar with the development said.


Jul 17, 2017, 21:02 PM IST

Probe will cover all the transactions made by Kingfisher Airlines: CBI Director Anil Sinha

Central Bureau of Investigation (CBI) director Anil Sinha has made it clear that the investigative agency will cover all the deals and transactions carried out by Kingfisher Airlines

Mar 14, 2016, 03:19 AM IST

RBI right in declaring guarantor as wilful defaultor: Expert

Lenders can declare a loan guarantor as wilful defaulter when the primary borrower is declared so, said an advocate in the apex court.

Sep 10, 2014, 22:12 PM IST