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Axis Bank's CEO seeks shorter term, to step down in December
Updated : 8 years, 1 month ago IST
New Delhi [India], Apr. 09 (ANI): Axis Bank's CEO Shikha Sharma will exit the bank on December 31, 2018, after the bank reduced her term to six months from three years at her request.
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Here's how govt. agencies cracked Diamond Power Infra fraud
Updated : 8 years, 1 month ago IST
New Delhi [India], Apr. 07 (ANI): A couple of days ago, the nation woke up to the news of the Central Bureau of Investigation (CBI) conducting raids against a Vadodara firm for a Rs. 2,654 crore default.
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Case against Vadodara company for defaulting 2654 cr loan
Updated : 8 years, 1 month ago IST
New Delhi [India] April 5 (ANI): The Central Bureau of Investigation (CBI) on Thursday registered a case against Diamond Power Infrastructure Limited (DPIL) and its directors for defrauding 11 banks to the tune of Rs 2654 crore.
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ICICI shares dip amidst Videocon loan row
Updated : 8 years, 1 month ago IST
New Delhi [India], Apr. 2 (ANI): On the first trading day of the new financial year 2018-19, stock prices of leading private lender ICICI Bank on Monday dropped approximately seven percent after the Central Bureau of Investigation (CBI) launched a preliminary enquiry in a matter relating to
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Fynd secures funding round led by Google
Updated : 8 years, 1 month ago IST
New Delhi [India], Mar 29 (ANI): Omni-channel platform Fynd on Thursday announced closing its Series C round of funding lead by investor Google, followed by an active participation from Kae Capital, IIFL, Singularity Ventures, GrowX, Tracxn Labs, Venture Catalyst, Patni family office and Hon
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SAM & Co. advises Indiabulls on Rs.2000Cr rights issue
Updated : 8 years, 1 month ago IST
New Delhi [India], Mar. 27 (NewsVoir): Shardul Amarchand Mangaldas (SAM & Co.) advised Indiabulls Ventures Limited (Indiabulls) on its Rs. 2000 Crore rights issue, which was oversubscribed by approximately 1.33 times.
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Sensex, Nifty volatile on global trade war fears
Updated : 8 years, 2 months ago IST
New Delhi [India], Mar 23 (ANI): The market indices closed significantly lower on Friday evening in response to the global trade war fears between the United States and China.
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Digital Payment companies line up Rs 100 crores worth discounts on Snapdea
Updated : 8 years, 2 months ago IST
New Delhi [India], Mar 20 (ANI-BusinessWireIndia): India's leading banks, digital payment companies and global payments technology company, VISA have lined up plans to give discounts in excess of Rs.100 Crores to Snapdeal users over the next 12 months (April 18 - March 19).
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RBI imposes Rs 5 cr penalty on Airtel Payments Bank
Updated : 8 years, 2 months ago IST
New Delhi [India], Mar. 10 (ANI): The Reserve Bank of India (RBI) imposed a penalty of Rs. 5 crore on Airtel Payments Bank, the financial services arm of Bharti Airtel Limited, for violating operating guidelines and Know Your Customer (KYC) norms.
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Edelweiss Retail Finance Ltd. announces public issue of NCDs
Updated : 8 years, 2 months ago IST
New Delhi [India], Mar 8 (ANI): Edelweiss Retail Finance Limited (ERFL), the retail lending arm of Edelweiss Group, on Thursday announced the public issue of Non Convertible Debentures (NCDs) of face value of Rs. 1000 each, aggregating up to Rs. 2500 million.
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RBI slaps SBI with monetary penalty
Updated : 8 years, 2 months ago IST
New Delhi [India], Mar. 08 (ANI): The Reserve Bank of India (RBI) on March 1, imposed a monetary penalty of Rs. 40 lakh on State Bank of India (SBI) for non-compliance of its directions on detection and impounding of counterfeit notes.
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Closing Bell: Sensex slumps 429.58pts, Nifty at 10,249.25
Updated : 8 years, 2 months ago IST
Mumbai (Maharashtra) [India], Mar. 6 (ANI): After a positive start in the morning trade, market indices saw a significant slump during closing trade on Tuesday.
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