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Shareholders of Lakshmi Vilas Bank, led by institutions, unexpectedly voted against the appointment of Sundar as chief executive as well as the reappointment of six other directors on Friday. Shareholders alleged that part of the accountability for the bank’s deteriorating performance over the past few years rested with them.
Cairn wins arbitration against govt over a tax disputeCairn in March 2015 filed a formal dispute against a demand for more than $1.2 billion from the Indian tax department that dates back to the 2007 listing of its then Indian operation.
from Stocks-Markets-Economic Times https… Read MoreBank agents, shops preferred cash points for rural IndiaWith less than a quarter of the 2.3 lakh ATMs deployed in rural areas in the country, account holders are growing increasingly comfortable withdrawing cash from neighbourhood bank agents and merchant shops which double down a… Read MoreStocks in the news: Mrs Bectors Food, Vedanta, HDFC, Bharat Forge, CG Power, Firstsource SolutionThese stocks may buzz the most during the day.
from Stocks-Markets-Economic Times https://ift.tt/3nNWfxc
… Read MoreOn the cusp of Brexit trade deal, EU and UK hash out final detailsSources in London and Brussels said a deal was close as British Prime Minister Boris Johnson held a late-night conference call with his Cabinet of senior ministers, and negotiators in Brussels pored over reams of legal trade … Read MoreBanks expect to recover Rs 12K cr from sale of Videocon's oil blocks in BrazilBankers are expecting to recover as much as Rs 12,000 crore or $1.6 billion from the sale of Videocon’s Brazil oil blocks after a spurt in oil prices resulted in a boost in the valuation of the assets, according to people in … Read More
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