Life

Tata statement is 'misrepresentation and convenient mischaracterisation': Mistry's office ;

MUMBAI: Cyrus Misty’s office, in a response to Ratan Tata’s statement to shareholders asking for their support, said the interim chairman’s ‘statements is a combination ranging from misrepresentation and convenient mischaracterisation’. It says that despite seven weeks since the fallout that led to removal of Mistry there has been no reason given for the action. And…
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Life

JM Financial arm completes stake buy in India Home Loan ;

NEW DELHI: Nimesh Kampani-led JM FinancialBSE 7.05 %’s subsidiary has completed acquisition of 24.5 per cent stake in India Home Loan (IHL) on a preferential allotment basis. “JM Financial Products Ltd, a subsidiary of the company, on December 2, 2016, acquired…
Feature Stories

Demonetisation: Rabi acreage 8.54% more than 2015

Rabi crops were sown in 41.55 million hectares of land till December 2. This was 8.54% more than the same period last year and only 0.27% less than the normal area, which is the average of the past five years. The pace of sowing, which grew 35% during the previous week, fell…
Life

Demonetisation: 27 senior PSU banks officials suspended

In a major crackdown on bank employees involved in irregularities post demonetisation, as many as 27 senior officials of various public sector banks have been suspended and six others transfered to check corrupt practices. The suspensions comes amid reports of Income Tax…
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