HCL Technologies Acquires Sankalp Semiconductor
HCL Technologies Limited (HCL) has acquired Sankalp Semiconductor(Sankalp) for Rs 180 crore. It is an advanced technology design service provider which offer comprehensive digital and mixed-signal...
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Merger PSU Banks Unlikely to Revive Credit Flow
The merger of Public Sector Banks (PSBs) into four entities is unlikely to revive credit growth or have meaningful cost synergies, said a report by Credit Suisse....
GDP Growth Falls to 5%: Mega-Merger of Public Sector Banks
Finance Minister Nirmala Sitharaman has announced a mega-merger of public sector banks. The announcement was made in a conference by her on Friday. Last week also she announced measures to...
SpiceJet Back with a Huge Profit of Rs 262 Crore in Black
SpiceJet Ltd on Friday reported its highest profit in the June quarter. The profits were generated, from the other incomes including reimbursements from Boeing Co....
InterGlobe Aviation Annual General Meeting on Aug 27
InterGlobe Aviation, parent of the country’s largest airline IndiGo, will hold its annual general meeting on August 27, according to a regulatory filing. The annual...
Jet Airway's RPTs Under Scanner; SFIO Suspects Firm of Siphoning Funds
Jet Airways related party transactions (RPTs) have come under SFIO scanner, according to media. The SFIO is likely to probe into beleaguered airline’s third-party contracts,...
Punjab & Sind Bank Discloses Rs 238 Cr Fraud by Bhushan Power
After disclosures made by Punjab National Bank and Allahabad Bank recently, state-owned Punjab and Sind Bank reported over Rs 238 crores fraud by Bhushan Power...
Naresh Goyal Grounded as India Prods $2.6 Bn Fraud
The Indian court has denied Naresh Goyal permission to fly overseas after the government told about the investigation involving Jet Airways India Ltd is underway...
PSU Banks to be Infused Rs 70,000 Crores
In the announcement made by the finance minister Nirmala Sitharaman in her speech on Friday, she stated that public sector banks will be provided with...
Allahabad Bank Dips 2%, PSU Bank Shares Slips
In Thursday morning session, shares of various PSU banks were trading in red with losses; were shares of Allahabad Bank were down by 1.84 per...