MNC giant paid bribe to win Delhi Metro contract, UK prosecutor says
LONDON/NEW DELHI: The British subsidiary of French train and turbine maker Alstom paid around $8.5 million (nearly Rs 52 crore) in bribes over a six-year period to win transport contracts in India, Poland and Tunisia, Britain’s leading fraud prosecutor alleged on Tuesday. Alstom Network UK,... read more »
ICICI Bank launches cardless cash withdrawal services
ICICI Bank on Wednesday said it would allow consumers to withdraw or transfer cash without debit cards.To avail this facility, a sender has to register the recipient’s name, mobile number and address. On receiving a six-digit reference code, the recipient can withdraw cash from the... read more »
Bajaj Finance To Seek Licence To Launch Housing Finance Arm
Non-banking lender Bajaj Finance’s board has given its nod to launch a housing finance arm as a wholly-owned subsidiary. It will now apply to National Housing Bank for license.“We are already extending home loans but this is under our finance company. We had not floated an HFC (house... read more »
Sun Pharma shares dip on surprise audit by USFDA at Halol plant
Shares of Sun Pharmaceuticals Industries Ltd were down by nearly 4 per cent on reports that its Halol manufacturing plant in Gujarat has been subjected to surprise inspection by the American drug regulator United States Food and Drug Administration (USFDA). The stock, which opened at Rs. 850.70 on... read more »
