09 Mar 2015
New Delhi: State Bank of Travancore (SBT) on Monday became the first bank to cut benchmark lending rate, or base rate, by 0.1 percent to 10.15 percent, almost a week after RBI slashed policy rate by 0.25 percent.
28 Apr 2015
New Delhi/London: Upping the ante to retain Chairmanship at United Spirits, embattled Vijay Mallya said majority owner Diageo has "contractual obligations" to support his position, even as the British liquor giant said the contract was valid only if there were no "defaults".
27 Apr 2015
Mumbai: Shares of United Spirits fell by 2.5 percent on Monday after Vijay Mallya was asked to quit the board over alleged fund diversion to Kingfisher and other UB Group entities -- even as the liquor baron said he intends to continue as its Chairman.
25 Apr 2015
New Delhi: Alleging fund diversion to Kingfisher and other UB group entities, United Spirits' new owner Diageo has asked Vijay Mallya to step down as Chairman and Director of the Indian liquor firm, a demand he outrightly rejected.
21 Apr 2015
Bangalore: Country's third largest software services firm Wipro on Tuesday reported 2.1 percent rise in fourth quarter net profit to Rs 2,286.5 crore, while it elevated founder Azim Premji's son Rishad to the board.
03 Feb 2015
New Delhi: Capital markets regulator SEBI has sought clarification from the merchant banker of State Bank of Travancore on the firm's proposed Rs 485-crore rights issue.
26 Apr 2015
New Delhi: Asked to quit United Spririts' board, Vijay Mallya struck a defiant note saying he 'intends' to continue as its Chairman and refuted the charges made by the company's board with regard to its prior-period accounts.
03 Apr 2015
Mumbai: Pitching for greater gender diversity on its board, state-run banking giant SBI's Chairperson Arundhati Bhattacharya on Thursday said the bank wants some more women directors and has already suggested a few names to the government.
03 Apr 2015
Chennai: As many as 180 companies listed on the National Stock Exchange (NSE) have not inducted a woman director so far as required by the Companies Act and officials expect the market regulator to come out with its views and penalties for non-compliance.
22 Apr 2015
New Delhi: IT major Wipro on Wednesday announcedallotment of 18,819 shares, worth about Rs one crore at the current market price, to eligible employees.The shares are being issued to the employees under the restricted stock unit plans of 2005 and 2007, the company said.