Records tumble as Sensex, Nifty hit at new highs on inflows
Riding high on capital inflows, the benchmark Sensex on Thursday rose 77.96 points to end at new peak of 26,638.11 and logged the seventh straight month of gains in August as investors cheered steps taken by the Modi government to bring the back the economy on high growth path. Gains were seen in... read more »
UBI files caveat in SC against Kingfisher
State-owned United Bank of India (UBI) has filed a caveat in the Supreme Court against Kingfisher Airlines (KFA). “We filed the caveat today against KFA,” Executive Director of UBI D. Narang told The Hindu. The development comes a day after the Division Bench of the High Court dismissed a KFA... read more »
ADB to provide up to $9 bn loan to India over 3 years
Committing to support infrastructure development in India, Asian Development Bank on Wednesday said it will provide up to $7-9 billion loan to the country over the next three years. “ADB’s operations for India will maintain high level of lending, amounting to a total of $7-9 billion over the... read more »
Kal cables challenges licence cancellation
The Union Information and Broadcasting Ministry has cancelled the provisional and permanent registration of the multi-system operator, part of Kalanithi Maran-headed Sun Group. Even as the Union Information and Broadcasting Ministry has cancelled the provisional and permanent registration of Kal... read more »
