RBI imposes biz restrictions on Edelweiss

The Reserve Bank on Wednesday imposed business restrictions on Edelweiss Group's lending and asset reconstruction arms on concerns over evergreening of loans. Photograph: Eieleien/Wikimedia......

ITC's hotel demerger plan gets CCI nod

Fair trade regulator CCI on Tuesday said it has approved the demerger of the hotel business of diversified entity ITC Ltd into a separate entity. Photograph: Courtesy, ITC Hotels After the......

Sebi eases minimum promoter contribution norms to boost IPO process

In a bid to ease compliance towards companies planning public offers (IPOs), the Securities and Exchange Board of India (Sebi) has notified norms that open more avenues to meet the minimum......

Kotak Mahindra Bank reports 25% rise in Q4 net profit

Kotak Mahindra Bank on Saturday reported a 25 per cent growth in its March quarter net profit at Rs 5,302 crore, limited by a drop in the core income due to narrow interest margins. Photograph:......

Football Extras: Chelsea legend Drogba to visit India to meet fans

News of all that's transpired on and off the football field IMAGE: Chelsea fans can meet Didier Drogba, as part of a fan event at the Ambience Mall in Gurgaon. Photograph: Mike Hewitt/Getty Images......