ED attaches assets worth Rs 904 crore of DSK Group that cheated over 35,000 people
File photo of DS Kulkarni at the Economic Offences Wing (EOW) in Pune. (Pratham Gokhale/HT Photo ) The Enforcement Directorate (ED) has attached assets worth […]
Articles by Hela
Punjab National Bank to seek Rs 5,431-crore capital infusion from govt
A man reads a newspaper outside a branch of Punjab National Bank (PNB) in Ahmedabad on March 20.(Reuters) Punjab National Bank (PNB) Wednesday said it […]
Govt set to inject Rs 2000 crore into fraud-hit Punjab National Bank by next week
Unless PNB gets fresh capital in time, it may be unable to make the payment because an unprecedented loan-fraud wiped out its profits and pushed […]
Govt takes over indebted lender IL&FS in surprise move
PF6997 New development in Bandra Kurla Complex area, Mumbai, Maharashtra, India.(Alamy Stock Photo) The government will immediately seize control of a shadow lender whose defaults […]
Rupee surges most in 18 months as India plans steps to end rout
India’s rupee rallied the most in 1 1/2 years and stocks recovered after an official said the government may announce measures to support the currency […]
Tech stocks battered after disappointing Amazon and Alphabet results
So-called FANG stocks and other tech shares sank in extended trade on Thursday following disappointing quarterly reports from Amazon.com Inc and Alphabet Inc. The weak […]
As overseas funds dump Indian bonds, rupee may end at 70 per dollar, estimate analysts
The relentless slide in India’s rupee has analysts rushing to rework their forecasts. With the currency setting one record low after another, lenders including DBS […]
Xiaomi’s rout throws a spotlight on Hong Kong’s expiring lockups
Investors locked into holding newly-listed Hong Kong stocks could only watch as last year’s bear market ate away at their returns. The shackles will soon […]
India investor worries go beyond election angst
Japan’s shut, most other Asian equity markets aren’t doing much, and you can read about the big exception — China — here. So we’re going […]
Labor publishes three bills to tackle banks and insurers over royal commission
Chris Bowen and Bill Shorten during Question Time. Labor initially said it would implement all the royal commission recommendations. Photograph: Mick Tsikas/AAP Labor has released […]