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Rs 2,200 cr loan fraud: ED attaches Zoom Developers' Rs 1000 cr worth land in US

Jul 03, 2015

Rs 2,200 cr loan fraud: ED attaches Zoom Developers' Rs 1000 cr worth land in US

Last month, one of the directors of the company, Sharad Kabra, was arrested by the Indore ED #ED #Vijay Chaudhary #Zoom Developers #bank loan fraud #Sharad Cabra
BankBazaar.com raises Rs 375 cr in fresh funding round

Jul 02, 2015

BankBazaar.com raises Rs 375 cr in fresh funding round

The company, which offers online loans and credit cards, also plans to launch other personal finance products to help consumers clinch the best deals. #NewsTracker #Amazon #Sequoia Capital #BankBazaar.com #Fidelity Growth Partners #Mousse Partners #Walden International
PayPal to buy Xoom for $890 mn in cash to expand portfolio

Jul 02, 2015

PayPal to buy Xoom for $890 mn in cash to expand portfolio

The move provides PayPal entry into the profitable and growing remittances market of Xoom in emerging economies of India, China and Brazil, among others. #ICICI Bank #PayPal #Yes Bank #HDFC Bank #Bank of Baroda #Punjab National Bank #Federal Bank #Kotak Mahindra Bank #Union Bank Of India #Digital money transfer #Xoom Corporation #Dan Schulman
No point in retaining Greece: Allow it to exit euro for quicker resolution of mess

Jul 02, 2015

No point in retaining Greece: Allow it to exit euro for quicker resolution of mess

The question that Alexis Tspiras government will have to ask itself is after exiting the euro whether it can actually go slow on austerity and keep spending more drachmas, where there are no corresponding goods being produced. #Economy #IMF #InMyOpinion #European Central Bank #Grexit #Alexis Tspiras
Public bank shares rise up to 6% on hopes govt will infuse more funds

Jul 01, 2015

Public bank shares rise up to 6% on hopes govt will infuse more funds

PSU banking shares rise over 4-5 percent as against 1.2 percent upmove in BSE Bankex #PSU banks #bad loans #BSE Bankex #Jayant Sinha #minister of finance
Money makeover: Reserve Bank of India introduces changes to the Rs 100 note

Jul 01, 2015

Money makeover: Reserve Bank of India introduces changes to the Rs 100 note

The Reserve Bank of India has introduced the new Rs 100 note on Tuesday with the numerals in both panels in ascending size from left to right. #India #RBI #Reserve Bank of India #Money #ImagesOfTheDay #Rs 100
Upbeat core data, downbeat Moody's: Why it may be too early to celebrate revival

Jul 01, 2015

Upbeat core data, downbeat Moody's: Why it may be too early to celebrate revival

The government needs to act with a sense of urgency to support the early recovery seen in the economic growth engine #Moody's #Economic Revival #Bank Recapitalisation #Bank NPAs #core sector data
CBI files chargesheet against former Dena Bank official for Rs 220 cr fraud

Jun 30, 2015

CBI files chargesheet against former Dena Bank official for Rs 220 cr fraud

The CBI filed a chargesheet against a former Dena Bank official, a top company official and two others for defrauding the bank to the tune of Rs.220 crore in 2014, an official said in Mumbai on Tuesday. #India #NewsTracker #CBI #Mumbai #Dena Bank #bank fraud
Quikr in talks to buy out Housing.com? Board meet today to seal CEO Rahul Yadav's fate

Jun 30, 2015

Quikr in talks to buy out Housing.com? Board meet today to seal CEO Rahul Yadav's fate

Looks like Yadav's brash attitude has taken a toll on his company #SoftBank #Rahul Yadav #Housing.com