Bank fraud: ED registers money laundering case against ABG Shipyard

The Enforcement Directorate has registered a criminal case of money laundering against ABG Shipyard Ltd, its former promoters along with others for allegedly cheating a consortium of 28 banks of......

ED raids 26 locations in ABG Shipyard bank fraud case

The Enforcement Directorate on Tuesday raided multiple premises in Mumbai, Pune and Surat in connection with a money laundering probe against ABG Shipyard Ltd in an alleged Rs 22,842 crore bank......

Adani's clarification on bribery charges lifts markets

Equity benchmark indices Sensex and Nifty rebounded on Wednesday, driven by a sharp rally in Adani group stocks and fresh foreign fund inflows. Illustration: Uttam Ghosh/Rediff.com The BSE......

ICICI Bank to charge for fund transfer over mobiles

Leading private sector bank ICICI Bank will charge its customers Rs 5 per transaction from next month for transfer of funds over mobile phones, a service available for free as of now.The fee for......

Sensex only a whisker away from hitting 85,000

Domestic equity indices Sensex and Nifty scaled their new record closing high levels on Monday, helped by strong foreign fund inflows and a largely firm trend in Asian markets. Illustration: Uttam......

JSW MG surges in sales: Is this the disruption electric car market needs?

In September, JSW MG Motor India, the newly minted joint venture between SAIC Motor, which is present in 100 countries, and Indian conglomerate JSW Group, launched the Windsor, an electric car that......