Zydus Cadila set to bag Kraft Heinz portfolio for Rs 4600 crore, announcement likely on Wednesday

ET on October 11 had reported that Zydus Cadila is the frontrunner for the Kraft Heinz India portfolio. Zydus Cadila is the country’s fourth-largest Indian... Read more »

Law firm Cyril Amarchand Mangaldas withdraws report that gave clean chit to Kochhar

ICICI Bank in a filing said the bank had expressed confidence in Kochhar on the basis of the inquiry report of the law firm Read more »

Telcos call for voluntary use of Aadhaar in e-KYC process

The SC had, last month, struck down a provision in the Aadhaar Act that allowed biometric verification by private entities. Read more »

Supreme Court grants RCom time till Dec 15 for paying Ericsson

Ericsson India had alleged that it had not been paid the dues of over 1,500 crore by RCom. Read more »

Fake bank apps may have stolen data of thousands of customers: Report

The report said deceptive malware in these apps may have stolen customers' account and credit card details. Read more »

Absence of bond market main reason for India’s banking crisis:Comptroller and Auditor General

It said that countries like Brazil, Russia, China and the UK had taken steps to reform the bankruptcy laws which, along with other structural reforms, led to a significant growth in the... Read more »

EarlySalary crosses Rs 550 crore loan disbursal, says is largest consumer lending app

​​It is now disbursing Rs.80 crores a month and processes over 60,000 loan applications and disburses 35,000 loans every month. Read more »

Government plans to tighten rules for auditors

The Corporate Affairs Ministry, which is implementing the companies law, is working on ways to bolster the overall corporate governance framework. Read more »

Dena Bank aims to bring down gross NPAs to 15% by March 2019

MD and chief executive officer Karnam Sekar said that the bank has not added any NPAs in the last two quarters, and in September quarter, it reduced slightly. Read more »

Global capital goods cos sign 38 MoUs with Indian companies

The National Steel Policy - 2017 envisages creation of 300 million tonnes (MT) of steel capacity in the country by 2030-31 as against existing 130 MT. Read more »