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A USD 2 billion fraud at Indias Punjab National Bank (PNB) may have been orchestrated by a few rogue employees, but it escaped detection because of widespread risk-control and monitoring lapses in many areas of the bank, the banks own internal probe has found.

PNB posts Rs 4, 532 crore loss in Sept quarter as bad loans soar

The bank's gross non-performing assets as a proportion of gross advances rose sharply to 17.16 per cent.

2 Nov 2018 1:24 PM IST

ArcelorMittal India Pvt Ltd submitted a plan to Indias NCLT, which deals with insolvency and company disputes, on Feb 12 to bid for Essar Steel in partnership with Nippon Steel.

ArcelorMittal Q3 net income declines 25 pc to USD 0.9 billion

The company's gross debt was at USS 13.0 billion as of September 30, 2018.

1 Nov 2018 2:56 PM IST

JSW Energy has diversified businesses in carbon steel, power, mining, industrial gases, port facilities, cement and information technology sectors.

JSW Steel third-quarter profit more than doubles

Total revenue from operations for the quarter jumped 17 per cent to 178.61 billion rupees.

31 Jan 2018 4:32 PM IST

Chief executive Lakshmi Mittal of ArcelorMittal

ArcelorMittal posts over two-fold jump in Q4 profit

Company reported two-fold rise in net income to USD 4.568 billion from USD 1.779 billion in 2016.

31 Jan 2018 3:38 PM IST

Maruti Suzuki India Q3 profit rises less than expected

Maruti sold a total of 431,112 vehicles during the quarter, up about 11.3 per cent from a year earlier.

25 Jan 2018 5:04 PM IST

Representational image of an Indigo aircraft.

IndiGo Q3 net jumps 56.4 per cent at Rs 762.03 crore

Total expenses for the quarter ended December 2017 were Rs 5,378.19 crore.

24 Jan 2018 5:17 PM IST

In December last year, Canara Bank had said it proposes to bring down stake in its housing finance subsidiary CanFin Homes to 30 per cent.

Canara Bank third-quarter profit slumps 61 per cent

Net profit came in at 1.26 billion rupees for quarter ended Dec 31, compared with 3.22 billion rupees a year ago.

24 Jan 2018 4:37 PM IST

Board of Idea Cellular approved raising about Rs 3,250 cr from entities under promoter Aditya Birla Group.

Idea posts wider Q3 loss at Rs 1284.5 crore

Revenue from operations came in at Rs 6,509.6 crore for the quarter ended December 2017.

24 Jan 2018 3:08 PM IST

Using earned money of depositors to bail out a bank amounts to gross interference by the government.

Vijaya Bank Q3 net tanks 65.45 per cent to Rs 79.56 crore

Bank's total income also declined 7.09 per cent to Rs 3,450.81 crore in quarter under review from Rs 3,714.37 crore.

24 Jan 2018 12:56 PM IST

Wipro Chief Azim Premji

Wipro stock slips over 2 pc post Dec quarter results

For the December quarter, company's consolidated net profit fell 8.4 per cent to Rs 1,931.3 crore.

22 Jan 2018 5:20 PM IST

IT officials raid an Axis Bank branch in Noida on Thursday. (Photo: PTI)

Axis Bank's Q3 net profit up 25 per cent at Rs 726 crore

Axis Bank's scrip was trading at Rs 618.45 a share on BSE, up 4.78 per cent.

22 Jan 2018 3:34 PM IST

Reliance Jio will start offering cashback and benefits totalling Rs 2,599 from Friday to its Jio Prime members opting for recharge of Rs 399 and above. (Photo: AFP)

Jio logs first net profit of Rs 504 crore in Dec quarter

The revenue from operations came in at Rs 6,879 crore, 12 per cent higher than the trailing quarter.

20 Jan 2018 10:08 AM IST