New Delhi: A proposal to issue preferential shares worth Rs 7,500 crore to Air India's lenders was approved by its Board on Thursday, as the national carrier saw significant rise in its yields and passenger revenue. The Board, at its meeting here, "approved the rearrangement of authorised share capital by issue of preference shares worth Rs 7,500 crore, which are proposed to be allotted to the lenders of the working...
07:59 PM, Dec 29, 2011
New York: Wall Street executives may face smaller bonuses and a public that still eyes them with suspicion, but that isn't stopping them from rediscovering their love of luxury cars, oceanfront homes and private jets. A soaring stock market, a surge in merger deals and an uptick in hiring on Wall Street are allowing bankers to gradually return to the lavish lifestyles they enjoyed until the 2008 financial crisis came...
05:04 PM, Dec 30, 2010
Mumbai: Bankers have defended the loans given to companies named in the CBI charge sheet in connection to the bribes for loan scam saying these were performing loans and were sanctioned after due process. In its chargesheet, the CBI had named officials from the Bank of India, Punjab National Bank and even a board member of Central Bank of India for allegedly accepting bribes to sanction loans, causing worries that...
09:55 AM, Nov 26, 2010
The CBI on Wednesday busted a multi-crore loan scam involving top officials from leading PSU lenders. ...
08:16 AM, Nov 25, 2010
They said a one-off tax on bonuses "should be considered a priority". ...
06:21 PM, Dec 10, 2009
Four senior employees were found misusing funds of customers. ...
02:55 PM, Nov 13, 2009
Top officials at Swiss banks have rubbished allegations. ...
06:07 PM, Sep 14, 2009
They say India cannot go on unwarranted fishing expeditions. ...
01:11 AM, Aug 25, 2009
Govt said it is aware of Swiss banks' reluctance in sharing client details. ...
03:25 PM, Aug 24, 2009
The banks asked India to provide proofs against the account holders. ...
01:33 PM, Aug 24, 2009
They said India is not welcome there on a name-fishing expedition. ...
05:42 PM, Aug 23, 2009
Madoff admitted to a $50-billion fraud in court on Thursday. ...
12:52 AM, Mar 13, 2009
Bernard Madoff could be facing his final hours of freedom. ...
01:44 AM, Mar 12, 2009
Obama had recently expressed shock at the pay related greed on Wall Street. ...
09:53 AM, Feb 05, 2009
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