Menu

Business

Former ILFS directors under scanner for money laundering

Former IL&FS directors under scanner for money laundering

The Enforcement Directorate(ED), in February, 2019 made a foray at multiple locations in Mumbai, Delhi and Gurugram regarding the financial irregularities of Infrastructure Leasing & Financial Services(IL&FS). IL&FS CFO Maharudra...
Mahindra XUV300 takes on the rivals. How does it fare

Mahindra XUV300 takes on the rivals. How does it fare

Buying a car today is a battle. When you buy a car, you keep various things in mind. The first thing that comes to your mind is the budget, which...
Factory and Industrial Output Face Slowdowns

Factory and Industrial Output Face Slowdowns

Owing to the recent spike in food and oil prices, India’s factory growth slowed down and retail inflation saw a rise. Retail inflation rose from 2.05% last month to a...
RBI inflicts banks to cut interest rates.

RBI to force banks to cut interest rates

The Central Bank stated that they will soon get banks to cut the interest rates, the lending rates to the borrower. The reason for this action was blamed on the...
Three more Banks out of RBI's PCA framework

Three more Banks out of RBI's PCA framework

On 26th February 2019, board for Financial Supervision (BFS) held a meeting to analyze the performance of Allahabad Bank, Dhanalaxmi Bank, and Corporation Bank. The BFS observed that Government of...
UCO bank to gain by US sanctions

UCO bank to gain by US sanctions

UCO Bank is set to benefit from the sanctions imposed on Iran’s oil exports by the US Government. The bank could benefit from the extra cash that would be generated...
Government to infuse Rs 48,239 crores in 12 state-run banks

Government to infuse Rs 48,239 crores in 12 state-run banks

On 20th February, 2019 the ministry of finance decided to infuse ₹48,239 crores in 12 public sector banks. This is done so that these Prompt Corrective Action (PCA) banks can...

Hall of fame - Elon Musk

Elon Musk is a Canadian-American business magnate, investor and philanthropist born to Errol and Maye Musk on 28 June 1971. Mr. Musk is the founder, the CEO and CTO of...

Hall of fame - Samuel Zell

Samuel “Sam” Zell is a businessman born on September 27, 1941, in Chicago. In 1969 he founded a private investment firm i.e. Equity Group Investments (EGI), he is the chairman...

Hall of fame - John Templeton

John Templeton was born on November 29, 1912. He was an American-born British businessman, stock investor, and philanthropist. He attended Yale University and became an assistant business manager for the...