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Vijay Mallya Rs 9,000 cr loan case: DRT to pronounce its final verdict on Thursday

The now-defunct Kingfisher Airlines owes over Rs 9,000 crore in loan to the SBI-led consortium of 17 banks.

Jan 18, 2017, 16:33 PM IST

Note ban: RBI may have received Rs 15 lakh crore deposits of old notes

The Reserve Bank is believed to have received deposits close to Rs 15 lakh crore, of estimated Rs 15.4 lakh crore worth junked Rs 500/1,000 currency notes that were in circulation, from the 50-day demonetisation exercise that ended on December 30.

Jan 04, 2017, 23:14 PM IST

Rs 13 crore deposited in dead account in Axis bank Noida branch

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Dec 21, 2016, 23:44 PM IST

Biggest-ever seizure of cash in new currency! I-T recovers Rs 5.7 crore in Rs 2,000 notes in Bengaluru, Chennai, Erode

The 7 kg bullion and about 9 kg jewellery valued at approximately Rs 5 crore were found in the raid.

Dec 02, 2016, 16:40 PM IST

Black money: IDS 'major success', will yield Rs 29,362 cr in taxes, says Arun Jaitley

Describing domestic black money declaration scheme IDS as a "major success", Finance Minister Arun Jaitley Friday said it will yield Rs 29,362 crore in taxes, which is three times the amount garnered by the then government in 1997 amnesty scheme, VDIS.

Nov 18, 2016, 20:32 PM IST

Demonetisation: SBI gets deposits of Rs 83,702 crore in five days

State Bank of India Monday said it has collected Rs 83,702 crore in deposits in the last five days following the government's decision to demonetise the old Rs 500 and Rs 1,000 notes.

Nov 14, 2016, 22:24 PM IST

Demonetisation: I-T dept expands survey ops, detects Rs 100 crore 'excess' sales, cash

Expanding its survey operations, the Income Tax department Friday detected unexplained cash and sales worth Rs 100 crore in its crackdown on alleged profiteering and tax evasion by traders and other operators while converting demonetised currency notes.

Nov 11, 2016, 20:28 PM IST

BSNL to invest Rs 2,500 crore in H2 FY17 on expansion plans

Stepping up investments on projects that entail internal funding, state-owned BSNL will pump in about Rs 2,500 crore during the second half of this fiscal in various projects such as expansion of wifi hotspots, installation of mobile towers and strengthening core network.

Oct 12, 2016, 16:47 PM IST

EPFO to invest Rs 13,000 crore in ETFs in FY17; unions protest move

Labour Ministry Thursday doubled EPFO's investment limit in ETFs to 10 percent, which will see the retirement fund body infuse about Rs 13,000 crore in stock markets this fiscal, a move that riled trade unions who have questioned the manner in which the government raised the cap.

Sep 29, 2016, 17:47 PM IST

Government clears 11 FDI proposals worth Rs 2,325 crore

An inter-ministerial panel today approved 11 proposals entailing foreign direct investment (FDI) inflow of over Rs 2,300 crore.

Sep 26, 2016, 19:05 PM IST

Bank of Baroda's total business takes Rs 90,000-crore hit in 2015-16

Shrinking loan portfolio and deposit base squeezed total business of state-owned Bank of Baroda (BoB) by nearly Rs 90,000 crore in 2015-16 despite a robust GDP growth of 7.6 percent during the fiscal.

Aug 25, 2016, 18:23 PM IST

Airtel's Sunil Mittal to take home over Rs 30 crore in annual pay package

Sunil Bharti Mittal, Chairman of India's largest telecom firm Bharti Airtel, will take home a higher annual pay package of over Rs 30 crore, excluding perquisites, for this fiscal.

Aug 21, 2016, 15:10 PM IST

Government's divestment kitty to swell by Rs 16,000 crore

With at least one buy-back announcement from PSUs every month, the government is expected to garner over Rs 16,000 crore in its disinvestment kitty over the next couple of months.

Aug 07, 2016, 16:16 PM IST

Steel industry owes Rs 3,00,000 crore to banks

The steel industry has outstanding loans of around Rs three lakh crore in various banks, thus making the sector one of the largest contributors to non-performing assets (NPA) in the country.

Aug 01, 2016, 17:40 PM IST

Couches to jet: Vijay Mallya assets to go under hammer for Rs 700 crore

As the lenders and tax authorities cool their heels for Vijay Mallya to return to India, they will put under hammer next month assets worth over Rs 700 crore of the embattled businessman's long-defunct Kingfisher Airlines.

Jul 31, 2016, 15:13 PM IST

Two IPOs to hit markets this week; target to mop up Rs 1,100-crore

The bidding for shares in initial public offer (IPO) of Dilip Buildcon will be open between August 1-3, while the same for S P Apparels would begin on August 2 and close on August 4.

Jul 31, 2016, 11:08 AM IST

Relief to jewellers; SSI exemption limit hiked to Rs 10 crore

In a relief to jewellers, the government increased excise duty exemption limit for small scale industry to Rs 10 crore from Rs 6 crore, waived the levy on sale of traded goods and relaxed various procedural norms.

Jul 13, 2016, 22:47 PM IST

Reports about cancellation of Rs 200 crore fine on Adani 'incorrect': Govt

Amid reports that Adani Port and SEZ Ltd (APSEZ) was spared a hefty fine of Rs 200 crore for environmental damage during construction of Mundra port, the Environment Ministry today said the claims are "incorrect" and it had imposed "more serious" responsibility on the firm without any cost limit.

Jul 04, 2016, 00:02 AM IST

Syndicate Bank case: CBI files charge sheet in Rs 1000 crore scam

The CBI Tuesday filed a charge sheet against a former Chief Manager of Syndicate bank and four others in an alleged scam of over Rs 1,000 crore committed by using fake cheques, letters of credit and LIC policies to withdraw money.

Jun 14, 2016, 19:49 PM IST

Vijay Mallya case: DRT advises banks to coordinate recovery of Rs 2000 crore

The Debt Recovery Tribunal Tuesday advised SBI-led consortium of banks in Vijay Mallya case to make coordinated efforts among themselves to recover around Rs 2000 crore parked in courts in the country and reduce losses to the tune of over Rs 9000 core incurred by the banks.

Jun 07, 2016, 21:23 PM IST