Cobrapost expose: Banks suspend employees under FinMin heat

	Cobrapost expose: Banks suspend employees under FinMin heat In the aftermath of Cobrapost 2, state-owned lenders including Punjab National Bank (PNB), Bank of Baroda (BoB) and IDBI Bank on Tuesday suspended cumulatively five officials allegedly involved in money laundering and KYC (Know Your Customers) ...
	Ceat Q4 net up 32 per cent at Rs 64.90 crore Mumbai: Tyre maker Ceat on Wednesday reported a 32.83 per cent increase in its consolidated net profit for the quarter ended March at Rs 64.90 crore on the back of lower input cost. The company had posted a net profit of Rs 48.86 crore during the ...
	UCO Bank profit slumps 80% to Rs 50 cr in Q4 Higher provisioning, driven by a stress in asset quality, dragged down UCO Bank net profit in the fourth quarter by nearly 80 per cent. Net profit for the quarter ended March 31, 2013, stood at Rs 50 crore. Provisioning increased by 114 per cent to Rs 977 crore ...
	DLF to raise Rs 2000 cr through IPP route Real estate company DLF will sell up to 81 million shares at a face value of Rs 2 under the institutional placement programme (IPP) in the next 10 days, it is learnt. The company has appointed eight bankers for the sale and plans to raise about Rs 2,000 crore ...
	Clarification sought from RIL on KG-D6 The Central government has asked for certain clarifications from Reliance Industries (RIL) on the revised investment plan the company had submitted for the main gas producing fields in the eastern offshore KG-D6 block. RIL and its partners BP Plc. of UK and ...
	Sebi approves Startup Village Angel Fund In a major boost to the country's first telecom incubator 'Startup Village', the Securities and Exchange Board of India (Sebi) has approved the Startup Village angel fund of $10 million that could go up to $20 million with a 'Green Shoe' (over-allotment) option.
	Parliamentary panel puts a fork in Etihad-Jet deal New Delhi: Parliamentary Standing Committee has said what we have been saying all along: that something is not quite right in the generosity shown by the Ministry of Civil Aviation while quadrupling bilateral traffic rights with Abu Dhabi. But minister Ajit ...
	India Post to offer 7% discount on Gold coins India Post today said it will offer seven per cent discount on purchase of gold coins through post offices on the occasion of 'Akshay Tritiya' falling on May 13 and the offer will be valid till June 30. CHANDIGARH: India Post today said it will offer seven per cent ...
	UPDATE 3-Diageo names Menezes CEO with eye on emerging markets Tue May 7, 2013 9:10pm IST. * Indian-born COO Menezes replaces Walsh after 13 years. * Diageo seeks further emerging markets expansion. * Shares flat as investors see strategy continuing. By Rosalba O'Brien and Sinead Cruise. LONDON, May 7 ...