Business News Updates in India:Today we give you the updated Business news of few companies below
Tata Steel : European subsidiary of Tata Steel has suffered a record loss of £ 1.2 billion for the year ended March against £ 846 million the previous year. Sales fell 14 percent to 8.7 billion pounds because of "deteriorating market conditions in the second half."
Yes bank Updates: Amid the ongoing standoff between the two factions of the family of the founder of Yes Bank, Camp Madhu Kapoor filed a revised before the Bombay High Court against the appointment of three directors of all time query. Claiming lack of corporate governance in the bank fraction Madhu Kapoor is also seeking the court to protect their interests.
Vedanta offers: billionaire Anil Agarwal-led Vedanta Resources will seek in the bid as much as 2.73 lakh shares, further approval of the shareholders representing approximately 10 percent of the capital of the company.
IRDA movement : Give more freedom for insurers operating in the securities market regulator IRDA has allowed them to pay up to 10 percent of its interest in the person to earn extra income portfolios.
Sebi probe: As the rupee continues to trade near the 60 level against the dollar, some brokers and dealers have been regulatory scanner for possible manipulation in forex and derivatives markets. Sebi investigation into possible manipulation of currency derivatives, the sources said.
Tata Steel : European subsidiary of Tata Steel has suffered a record loss of £ 1.2 billion for the year ended March against £ 846 million the previous year. Sales fell 14 percent to 8.7 billion pounds because of "deteriorating market conditions in the second half."
Yes bank Updates: Amid the ongoing standoff between the two factions of the family of the founder of Yes Bank, Camp Madhu Kapoor filed a revised before the Bombay High Court against the appointment of three directors of all time query. Claiming lack of corporate governance in the bank fraction Madhu Kapoor is also seeking the court to protect their interests.
Vedanta offers: billionaire Anil Agarwal-led Vedanta Resources will seek in the bid as much as 2.73 lakh shares, further approval of the shareholders representing approximately 10 percent of the capital of the company.
IRDA movement : Give more freedom for insurers operating in the securities market regulator IRDA has allowed them to pay up to 10 percent of its interest in the person to earn extra income portfolios.
Sebi probe: As the rupee continues to trade near the 60 level against the dollar, some brokers and dealers have been regulatory scanner for possible manipulation in forex and derivatives markets. Sebi investigation into possible manipulation of currency derivatives, the sources said.
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