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We had mentioned in Tuesday’s closing report that Nifty, Sensex were to move sideways. The major indices of the Indian stock markets were range-bound on Wednesday and closed with minor gains. On the NSE, there were 969 advances, 770 declines and 361 unchanged. The trends of the major indices...
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The Central Bureau of Investigation (CBI) in a status report on the NSE co-location scam, informed the Delhi High Court on Wednesday that its investigation was not restricted to the FIR which was initially registered.   The CBI said that in case any fact emerges that the...
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The Enforcement Directorate (ED) on Wednesday carried out raids in Mumbai on residences of former directors of fraud-hit Infrastructure Leasing & Financial Services (IL&FS). The top executives whose homes were searched by ED include Rajesh Kotian, Shehzaad Dalal, Manu Kochhar and Mukund...
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The Ministry of Corporate Affairs has told the National Company Law Appellate Tribunal (NCLAT) that a few lenders of the IL&FS Group and its group companies have not released payments to meet the "going concern" status of the companies, which is against the tribunal's directive for release of...
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While the banking sector's non-performing assets (NPAs or bad loans) are receding, the balance sheets of state-run banks, however, continue to remain under stress owing to the longer time taken in debt resolution and higher levels of haircuts on recovery being taken by the...
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