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The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

IDBI board approves issuance of preferential shares to LIC

The government has already approved the proposal of LIC to increase the stake in IDBI Bank.

4 Oct 2018 3:03 PM IST

$Midsize private sector lender Yes Bank is aiming to evolve itself into a \technology company in the business of banking\ and has accordingly announced a rejig of its senior management.$ Business

Fully geared up for succession plan, says Yes Bank

The RBI had last month curtailed the three-year term that Yes Bank's board had sought for its MD and CEO Rana Kapoor.

1 Oct 2018 1:23 PM IST

The Board of Vijaya Bank has given its approval to a government proposal of consolidation with Bank of Baroda and Dena Bank as per reports from ANI.

Business

BoB board to consider allotment of shares to staff next week

The scheme also aims at providing better incentives besides being a means of capital raise.

22 Nov 2018 6:41 PM IST

Nissan said it plans to bring the device to other countries eventually and install it in 30 per cent of the 40 million Nissan vehicles that are on the roads at present.

Business

Nissan board to meet for ousting Ghosn as future of alliance in focus

Nissan's board meeting will be held sometime after 4:00 pm at its headquarters in Yokohama.

22 Nov 2018 10:53 AM IST

Jet Airways did not commission the creative being shared on social media platforms, in context of a recent event concerning another domestic airline, the statement said. (Photo: AFP/File)

Business

Tatas to go slow on deal to acquire debt-laden Jet Airways: reports

Directors are asking for more details on the deal at the next board meeting, expected in the third week of Dec.

20 Nov 2018 11:17 AM IST

Business

Tata Sons board may meet on Friday to decide on Jet Airways takeover

The airline also putting as many as six of its Boeing 777s on sale to part-fund liquidity.

15 Nov 2018 6:02 PM IST

Business

IHH assumes control of Fortis, board approves Rs 4,000 cr preferential...

The board also approved the appointment of four IHH nominees on Fortis board.

14 Nov 2018 10:48 AM IST

Business

Stunned Bansal denies charges, will remain on Flipkart board

Binny Bansal has strongly refuted the allegations of serious personal misconduct.

14 Nov 2018 10:39 AM IST

Idea said it plans to extend its 4G services to 20 circles across India by FY2017 after the board approved an additional Rs 1,000 cr capital expenditure to build its infrastructure.

Business

Idea Cellular to raise Rs 3,250 cr from promoter group

Idea will also explore potential monetisation of company's 11.15 per cent stake in Indus Towers.

4 Jan 2018 3:50 PM IST

Business

Idea Cellular board to meet over fund-raising plans on Jan 4

Merger between Vodafone India and Idea Cellular is expected to be completed this year.

2 Jan 2018 10:22 AM IST

Company is evaluating the same and the same shall be placed before the Board of Directors in due course.

Business

Group of shareholders seek removal of 4 directors: Fortis

Fortis stock was trading 1.28 per cent up at Rs 146.45 on BSE.

19 April 2018 2:21 PM IST

Fortis shares gained 4.17 per cent to end at Rs 153.80 on the BSE on Thursday.

Business

Malaysia's IHH says Fortis board declines to engage on takeover offer

Some of Fortis's minority shareholders are dissatisfied with the Manipal offer.

16 April 2018 12:17 PM IST