NEW DELHI: Finance Minister Nirmala Sitharaman on Friday said four real estate companies from three cities, Mumbai, Bengaluru and Hyderabad, have approached to avail Rs 25,000 crore bailout fund. More companies are likely to approach the nodal agency for taking benefit of this window from next week, she said. Earlier this month, the government approved a Rs 25,000 crore fund to help complete over Read More

New Delhi: Mobile phone industry body Indian Cellular Association has asked the government to allow use of old Rs 500 and Rs 1000 notes for the purchase of handsets and claimed that their sales have come down by 50 percent due to cash crunch post demonetisation. In a letter to Finance Minister Arun Jaitley, the association said, “The mobile handset Read More

A former trader at Barclays, one of five on trial on charges of conspiracy to manipulate financial benchmark interest rates, alleged that top bosses at the bank approved and condoned the practice, a London court heard on Thursday. Britain’s Serious Fraud Office (SFO), the agency in charge of prosecuting complex financial crime, has charged Barclays’ former rate submitter Jonathan Mathew, Read More