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Indian regulator orders HDFC Bank to probe suspected results leak

3h in.reuters
MUMBAI (Reuters) - India’s market regulator ordered HDFC Bank (HDBK.NS) on Friday, to conduct an internal inquiry into the suspected leaking of key unpublished financial information and to strengthen its handling of such data. (16-0)

Indian regulator orders HDFC Bank to probe suspected results leak

3h reuters
MUMBAI, Feb 23 (Reuters) - India’s market regulator ordered HDFC Bank on Friday, to conduct an internal inquiry into the suspected leaking of key unpublished financial information and to strengthen its handling of such data. (16-0)

PNB fraud LIVE: NCLT grants MCA interim relief, allows freezing properties of 64 respondents

8h moneycontrol
MCA approaches NCLT to freeze all movable and immovable assets of Mehul Choksi and Nirav Modi (12-0)

PNB fraud LIVE: Virat Kohli still brand ambassador, not engaged PwC for audit, says PNB

8h moneycontrol
MCA approaches NCLT to freeze all movable and immovable assets of Mehul Choksi and Nirav Modi (12-0)

Axis Bank Limited - News Clarification

9h nseindia
The information displayed herein is uploaded by the concerned Company. The said uploaded information is displayed without any verification of adequacy, accuracy and veracity. The Exchange in discharge of its role of dissemination of uploaded information on this website immediately on its receipt. The Company shall be solely responsible and liable for any omission, commission, errors and misrepresentations in the contents of the Information. (10-0)

PNB fraud LIVE: MCA approaches NCLT to freeze all movable and immovable assets of Mehul Choksi and Nirav Modi

10h moneycontrol
MCA approaches NCLT to freeze all movable and immovable assets of Mehul Choksi and Nirav Modi (12-0)

PNB fraud LIVE: Finance Ministry asks all PSBs to scrutinise their LoUs

12h moneycontrol
ED freezes bank accounts with Rs 30 crore balance, shares of Rs 13.86 crore value held in a company of Nirav Modi. 176 steel almirahs, 158 cartons and 60 plastic containers containing imported watches seized ​ (12-0)

PNB fraud LIVE: Government may ask bank to pay liabilities

15h moneycontrol
ED freezes bank accounts with Rs 30 crore balance, shares of Rs 13.86 crore value held in a company of Nirav Modi. 176 steel almirahs, 158 cartons and 60 plastic containers containing imported watches seized ​ (12-0)

Axis Bank Limited - News Clarification

16h nseindia
The information displayed herein is uploaded by the concerned Company. The said uploaded information is displayed without any verification of adequacy, accuracy and veracity. The Exchange in discharge of its role of dissemination of uploaded information on this website immediately on its receipt. The Company shall be solely responsible and liable for any omission, commission, errors and misrepresentations in the contents of the Information. (10-0)

Nirav’s PNB fraud started in 2008, bank officials tell CBI

18h freepressjournal.in
New Delhi : The practice of illegally issuing Letters of Undertaking (LoUs) and Foreign Letter of Credit (FLCs) and then rolling them over to favour Nirav Modi and Mehul Choksi groups started in 2008 and continued till these were discovered in January this year, according to CBI officials. (11-0)

Federal Bank to acquire a 26% stake in Equirus Capital

2018-02-22 livemint
Mumbai: Kochi-based private lender Federal Bank Ltd on Thursday said in a stock exchange filing that it would acquire a 26% stake in Mumbai-based investment bank Equirus Capital Pvt. Ltd. Financial details of the transaction were not disclosed. (10-0)

Axis Bank Limited - Analysts/Institutional Investor Meet/Con. Call Updates

2018-02-22 nseindia
The information displayed herein is uploaded by the concerned Company. The said uploaded information is displayed without any verification of adequacy, accuracy and veracity. The Exchange in discharge of its role of dissemination of uploaded information on this website immediately on its receipt. The Company shall be solely responsible and liable for any omission, commission, errors and misrepresentations in the contents of the Information. (10-0)

Value stock picker Bill Nygren's firm just made a surprising bank pick

2018-02-22 cnbc
Banks are among the hottest stocks as investors try to make sense of the recent stock market swoon and rising interest-rate environment. But it's not only U.S. stocks that are attracting the attention of high-profile investors. Value legend Bill Nygren of Oakmark Funds has become the latest addition to the growing list of billion-dollar-plus fund managers snapping up stocks of India's private banks, one of the biggest beneficiaries of a resurgent and reforming South Asian nation's burgeoning middle-class-driven, high-single-digit GDP growth story. (27-1)

Why Singh brothers#39; receding control makes Fortis Healthcare a patient

2018-02-21 moneycontrol
The events at Fortis Healthcare, India’s second largest drug maker took another interesting turn as the shareholding of Fortis Healthcare promoters dropped to 5.87 percent from 34.43 percent with lenders invoking the pledged shares. (13-0)

Fortis Healthcare promoter holding falls to 5.87%

2018-02-21 moneycontrol
Promoter and promoter group holdings in Fortis Healthcare have come down to 5.87 per cent from 8.85 per cent following invocation of pledged shares, the healthcare chain said. (13-0)