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Business

SAT ends hearing in RIL insider-trading case; verdict on Jun 30

A full bench of the Securities Appellate Tribunal (SAT), headed by presiding officer JP Devdhar, on Thursday concluded the hearing on the nearly four-year- long insider trading case against Reliance Industries and said it will pronounce the order on June 30. Reliance has been fighting against market watchdog Sebi in the alleged insider-trading case […]

Stock & Share

Sensex drops 251 pts as oil, gas scrips slip on price decision

The benchmark Sensex on Thursday fell about 251 pts, posting its biggest drop in six days, as shares of ONGC and Reliance Industries skidded after a decision to hike natural gas prices was deferred and investors adopted a cautious stance on expiry of monthly derivative contracts. The BSE Sensex resumed lower at 25,217.69 points and […]

Business

Oil Minister approves appointment of new IOC Chairman

Petroleum Minister Dharmendra Pradhan has approved appointment of B Ashok as the head of India’s largest oil firm, IOC, in what will be the first top level appointment by the new government. B Ashok, Executive Director (Retail Sales) at Indian Oil Corp (IOC), was on October 9, 2013, chosen to head the company by government […]

Stock & Share

Sensex down 131 points in morning trade

Sharp fall in stocks of Reliance Industries and ONGC pulled down the benchmark BSE Sensex further by 131 points in morning trade on Thursday. The market will remain volatile on Thursday in view of the last day of futures & options (F&O) segment for June contract. Reliance Industries (RIL) and ONGC stocks declined as the […]

Business

Govt defers decision on natural gas prices by 3 months

In a setback to gas producers like Reliance Industries, the government on Wednesday postponed revision in natural gas prices by three months pending a “comprehensive” review to make a controversial pricing formula more palatable. The current USD 4.2 per million British thermal unit rate for gas, which would have jumped to USD 8.8 if […]

Banking

IndusInd Bank unveils its third Currency Chest in Chennai

Chennai: IndusInd Bank has unveiled its third Currency Chest at Guindy, Chennai. Mr. K. Neethiragavan, General Manager, Reserve Bank of India inaugurated the Currency Chest in the presence of Mr. Paul Abraham, Chief Operating Officer, IndusInd Bank Ltd and other senior officials of the Bank. Speaking on the occasion, Mr.Paul Abraham, Chief Operating Officer IndusInd […]

Banking

Catholic Syrian Bank collaborates with Manipal Global to train its Officers

Mumbai: All the new recruits are Probationary Officers (POs) appointed at grade 1. These Probationary Officers are going to be posted either as second officers or as marketing officers in branches and verticals across India. These POs are expected to move to grade 2 within three years. Mr Rakesh Bhatia, Managing Director and CEO, Catholic […]

Banking

ICICI Bank launches ‘ICICI Bank Unifare Card’ in partnership with DMRC

New Delhi: ICICI Bank Limited, India’s largest private sector bank, and Delhi Metro Rail Corporation (DMRC) today announced the launch of the ‘ICICI Bank Unifare Card’, co-branded debit and credit cards in association with MasterCard, offering exceptional value to commuters of Delhi Metro. ‘ICICI Bank Unifare Card’ combines the benefits of a debit/credit card along with […]

Business

Sugar costlier by up to Rs 2 per kg on import duty hike

Sugar prices on Tuesday further rose by up to Rs 2 per kg to Rs 33.40 at the wholesale market in the national capital following a slew of measures by the government including hike in import duty to bail out the industry. Taking cues from the wholesale market, retail prices also increased by Rs 2 […]

Markets

Oil prices fall on easing Iraq supply fears

Oil prices extended losses in Asia on Tuesday on fading fears that the fast-moving crisis in crude producer Iraq could result in a major supply disruption, analysts said. US benchmark West Texas Intermediate (WTI) was down 47 cents at USD 105.70 while Brent crude eased 19 cents to USD 113.93 in mid-morning trade. WTI dropped […]