Centre likely to probe allegations against HSBC

The government is likely to conduct a through inquiry into allegations that multinational organisation HSBC Bank was involved in money laundering operations that may have helped terror groups......

India 'stalled' during UPA-era, says Narayana Murthy

N R Narayana Murthy, co-founder of Information Technology giant Infosys, has lamented that economic activities in India were 'stalled' and decisions were not taken by the Manmohan Singh government......

Forced to buy MF Husain from Priyanka, Rana Kapoor tells ED

Yes Bank co-founder Rana Kapoor has told the Enforcement Directorate that he was 'forced' to buy an MF Husain painting from Congress' Priyanka Gandhi Vadra and the sale proceeds were utilised by......

Preneet Kaur denies having any bank account overseas

Former minister responds to Sheela Bhatt/Rediff.com's questions. In response to our report Preneet Kaur, the former minister of state at the ministry of external affairs in the United Progressive......

RBI considers fresh guidelines to curb mis-selling

Concerned over the rise in mis-selling of products by banks and non-banking financial companies (NBFCs), the Reserve Bank of India (RBI) is examining whether to come up with norms to curb such......

India's services sector growth moderates in March

India's services sector activity eased slightly in March, weighed down by a marginal slowdown in sales amid softer demand conditions and easing inflationary pressures, a monthly survey said on......

Banking, oil shares drag Sensex down 156 points

Benchmark indices Sensex and Nifty ended lower in a range-bound trade on Tuesday due to profit booking, mainly in banking and oil shares, and investors staying on the sideline amid escalating......

Factors that will drive the markets this week

Geopolitical developments between India and Pakistan, quarterly earnings and macro data will be the key drivers of stock markets in the holiday-shortened week, say analysts. Illustration: Uttam......

Uruguay's star footballer Forlan among HSBC's Swiss account holders

Uruguayan soccer player Diego Forlan on Monday denied evading taxes by hiding money in Swiss accounts with the British bank HSBC Holdings PLC. Forlan was among a list of rock stars, Hollywood......