RBI slaps fine on 12 banks in Deccan Chronicle case
The Reserve Bank of India, on Friday, imposed a monetary penalty on 12 banks for violating central bank rules in the case of Deccan Chronicle Holdings. The central bank has imposed a penalty of Rs.40 lakh on ICICI Bank and Rs.15 lakh each on Axis Bank and IDBI Bank. A penalty of Rs.10 lakh each has... read more »
Ashok Leyland reduces net loss in Q1
Ashok Leyland has reduced its net loss to Rs.48 crore for the quarter ended June 30, 2014 when compared with a net loss of Rs.142 crore in thea year-ago period, on the back of better operating profit. Net sales of the company were up five per cent at Rs.2,435 crore when compared with Rs.2,313 crore... read more »
Will protect religious freedom: Rajnath
Following vociferous protests by members in both Houses of Parliament over the force-feeding of an employee observing Ramzan fast by Shiv Sena MPs, Home Minister Rajnath Singh assured the Rajya Sabha on Friday that the government was committed to safeguarding the religious freedom of every citizen.... read more »
SC seeks govt response to Sahara chief’s plea for Tihar guest house
The Supreme Court on Friday sought the response of the Delhi government on a petition filed by Sahara chief Subrata Roy seeking permission to be shifted from his Tihar prison cell to a jail guesthouse to enable him to hold negotiations with buyers for his assets in India and abroad. A three-judge... read more »
