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Friday, July 28, 2017

Monthly Archives: May 2017

An Ambani default won’t fly in India’s banking mess

Singapore: Balance-sheet turbulence at large Indian companies is nothing new. The $180 billion of stressed assets in the banking system are mainly due to...

RBI calls for account number portability, banks wary

Mumbai: Reserve Bank of India (RBI) deputy governor S.S. Mundra on Tuesday pushed banks to allow customers to move seamlessly between banks without having...

Hindalco plans to set up high-end aluminium unit for defence sector

Mumbai: Hindalco Industries Ltd, India’s biggest aluminium producer, hopes to set up a high-end alloy plate manufacturing unit for India’s defence sector, managing director...

Sun Pharma recalls 13,000 bottles of chewable Cetirizine in US

New Delhi: The US arm of domestic drug major Sun Pharma is recalling over 13,000 bottles of antihistamine, Children’s Cetirizine Hydrochloride chewable tablets, from...

Swiggy gets $80 million from Naspers and others, gains financial heft against Zomato

Bengaluru: Online food delivery start-up Swiggy (Bundl Technologies Pvt. Ltd) Tuesday said it has raised $80 million in a Series E funding round led...
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