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Page 1769 - Business Finance

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Updated On : 21 Nov 2018 | 3:31 PM IST
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Updated On : 21 Nov 2018 | 3:31 PM IST
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Updated On : 21 Nov 2018 | 3:31 PM IST
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Updated On : 21 Nov 2018 | 3:31 PM IST
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Updated On : 21 Nov 2018 | 3:31 PM IST
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Updated On : 21 Nov 2018 | 3:31 PM IST
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Updated On : 21 Nov 2018 | 3:31 PM IST
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Updated On : 21 Nov 2018 | 3:31 PM IST
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Updated On : 21 Nov 2018 | 3:31 PM IST

Yes Bank into damage control mode, calls crucial meet on December 13

Rattled by the resignation of three Board members, Yes Bank, India's fourth largest private sector lender has got into the damage control exercise. The Board meeting will now take place on December 13 to discuss among other things the appointment of chairman, chief executive and independent director.After the resignation of three Board members-Ashok Chawla, Vasant Gujarathi and Rentala Chandrashekhar-Yes Bank on Tuesday said the Board would now "consist of 7 members with the addition of one Board member Uttam Prakash Agarwal concurrently."In the statement issued by Brahm Dutt, chairman, Nomination and Remuneration Committee (N&RC) and Rana Kapoor, MD and CEO, the duo said: "All the 7 Board members are fully committed to discharging their duties on the Board, as also enabling Yes Bank to manage and emerge from the current transition period."The duo have reiterated in the letter that the latest resignations "bear no impact on the new MD and CEO selection process. Therefore, the new .

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Updated On : 21 Nov 2018 | 3:30 PM IST

Modi to launch city gas projects to cover India's 50% population

Prime Minister Narendra Modi will lay the foundation stone here on Thursday for city gas distribution (CGD) projects across 129 districts which won under the ninth CGD bidding round held recently, the Petroleum Ministry said.

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Updated On : 21 Nov 2018 | 3:25 PM IST
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Updated On : 21 Nov 2018 | 3:16 PM IST

Adani Gas bags 13 CGD projects

Adani Gas is operating currently CGD network in 4 locations i.e. Ahmedabad, Baroda, Faridabad and Khurja. Its joint venture with IOCL is currently running CGD networks at Prayagraj, Chandigarh, Panipat, Udham Singh Nagar, Daman, Dharwad, Ernakulam, South Goa and Bulandshahr. With the Government of India planning to offer additional geographical areas for gas distribution in the Xth round involving 50 GAs comprising of 123 districts coupled with rapid urbanization, AGL is on track to become one of the largest private sector CGD companies of the world.

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Updated On : 21 Nov 2018 | 3:16 PM IST

DCM Shriram Ltd leads losers in 'A' group

Larsen & Toubro Infotech Ltd, Radico Khaitan Ltd, Hindustan Construction Company Ltd and Mphasis Ltd are among the other losers in the BSE's 'A' group today, 21 November 2018.

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Updated On : 21 Nov 2018 | 3:04 PM IST

Minda Corporation jumps after reducing stake in JV company

Minda Corporation rose 7.15% to Rs 140.20 at 14:39 IST on BSE after the company announced restructuring equity stake in joint venture company, Minda Furukawa Electric.

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Updated On : 21 Nov 2018 | 3:04 PM IST

Danske whistleblower takes aim at U.S., UK over moneylaundering

BRUSSELS (Reuters) - Almost all the money that flowed through Danske Bank's Estonian branch passed through banks in the United States, the whistleblower who brought to light an alleged 200 billion euro ($228 billion) money laundering scandal said on Wednesday.

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Updated On : 21 Nov 2018 | 2:55 PM IST

Realty stocks gain

Key indices extended recovery in mid-afternoon trade as European stocks edged higher in early trade. At 14:28 IST, the barometer index, the S&P BSE Sensex, was down 198.95 points or 0.56% at 35,275.56. The Nifty 50 index was down 40.70 points or 0.38% at 10,615.50. Realty stocks rose.

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Updated On : 21 Nov 2018 | 2:51 PM IST