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YES Bank board to meet today after RBI directive on Rana Kapoor's tenure

YES Bank to decide the future course of action after the RBI curtailed the term of its founding CEO Rana Kapoor

Maharashtra, Tamil Nadu and Karnataka form 40% of total retail loans: CIBIL

The three states represent about 32 per cent of the country's overall credit population share despite comprising only 20 per cent of the Indian population

NGT panel conducts hearing on Vedanta's Sterlite Copper unit in Thoothukudi

The committee has already visited the plant, takes note of allegations made by various stakeholders; will submit report in six weeks

Ashwani Bhatia appointed MD & CEO of SBI MF; to take over from Anuradha Rao

Before his move to SBI MF, Bhatia was in charge of revamping the entire credit structure and processes at SBI

Lighthouse India acquires secondary stake in Nykaa for Rs 1.13 bn

Nykaa is looking to expand its portfolio with the launch of exclusive brand partnerships and increase its offline footprint to 90 stores across India by 2020

Odisha presents Rs 127.9 billion Supplementary Budget for 2018-19

The additional Budget provision was necessitated by post budget decisions relating to new schemes or programmes announced by the state government

Shailesh Rao to lead TPG Growth and The Rise Fund in India and SE Asia

Rao has nearly 20 years of experience spanning some of today's most renowned technology companies

Angel Broking files IPO document with Sebi; to value firm at about Rs 25 bn

Angel Broking is a leading independent full-service retail broking house in the country in terms of active clients.

Sony adds UEFA EURO 2020 and UEFA Nations League to its portfolio

The broadcaster now has the rights to eight premier international football properties subcontinent including UEFA Champions League, UEFA Europa League, LaLiga, Serie A, UEFA Super Cup and the FA Cup

Beneficial ownership norms: Centre, Sebi assuage FPI outflow concerns

Garg asserted that the market regulator had extended the deadline of the circular last month until December

Karur Vysya Bank plans to raise around Rs 12 billion to fund growth

The firm would, he said, be raising Tier-I or Tier-II capital of Rs 12 billion to fund the growth

Tata to build wings for Lockheed Matrtin's F-16 aircraft wings in Hyderabad

Tata Advanced Systems Limited is Lockheed Martin's strategic industry partner in India

Sensex falls as rupee slides, oil jumps; SBI, ICICI Bank stocks down

The Bank Nifty index fell 1.4 per cent, while the Nifty PSU Bank index declined 3.55 per cent, the most since August 10

IATA opposes greenfield airport tariff model, demands low tax on jet fuel

Civil aviation minister Suresh Prabhu said 100 new airports will be built in next 10-15 years with an investment of $60 billion

Cyient JV bags order from Indian Army for unmanned aerial vehicles

Deal value undisclosed; SpyLite UAV is an advanced, combat-proven, electric mini UAV system

Sensex ends 333 points lower as FMCG shares drop; Nifty below 11,600

The 30-share index closed at 38,312, while the Nifty 50 closed at 11,582.35, down 98 points or 0.84 per cent

L&T Infotech OFS subscribed 3 times, sale sees bids for 29.8 million shares

Shares of L&T Infotech on Monday closed at Rs 1,771, down 1.4 per cent

SBI launches new term loan for repair, renovation of homes in Kerala

The bank will provide loans up to Rs 1 million at a reduced interest rat of 8.45 per cent per annum

India's only edu-tech Unicorn Byju's could double valuation to $2.2 bn

The company was valued at $1 billion at the time of its previous funding round in August 2017

Canada's Brookfields in race to buy Leela Hotels from JM Financial ARC

Consolidated debt for the hotel chain stood at Rs 36.62 billion at the end of March