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Panel for evaluating hydro PSU merger plan says it is unviable
Panel says no positive contribution can be expected by the merger in expediting the development of hydropower.
Capital infusion plan for PSU banks soon: Financial services secretary, GS Sandhu
Indian banks need Rs.2.4 trillion of capital infusion by 2018 to meet the Basel III norms on capital adequacy.
EBay announces plan to separate from payments unit PayPal
EBay and PayPal will become independent companies in 2015, subject to customary conditions, says the firm.
Air Asia Chief Tony Fernandes getting ready for insurance play
AirAsia chief Tony Fernandes' Tune Group plans to buy stake in an Indian insurance company for its financial services arm Tune Money, as part of the Malaysian business tycoon's plans to expand businesses in India.
As Calcutta High cout grants stay,Mallaya says-UBI Wilful defaulter issue misplaced
Speaking to the shareholders of UB Holdings (UBHL) and United Spirits (USL) on Tuesday, Mallya said the Calcutta High Court's granting Kingfisher Airlines a stay against United Bank of India's move to tag Mallya as a wilful defaulter lends credence to his stance.
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