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Anil AmbaniReliance Communicationssaid on Sunday lenders have rejected the resignations of chairman Anil Ambani and four other directors and asked them to cooperate in the ongoing corporate insolvency resolution process. Ambani,…

“SBI completed the PoC a few months ago,” said a source.State Bank of India (SBI) has completed the proof-of-concept for Unified Payments Interface (UPI)-based payments through WhatsAppPay, sources close to the development told FE. The…

As per the report, the regulator would continue to strengthen market supervision through steps such as technology solutions being built to achieve the objective of identifying non-compliance and assisting in investigations.Betting big on…

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NEW YORK (Reuters) - Firefly Value Partners on Thursday asked Gulfport Energy for a seat on its board and criticized the “half-measures” which the U.S. gas exploration and production company is taking to improve its financial…

The operators have urged for the waiver keeping in context the overall financial hardship being faced by the industry.Telecom operators like Bharti Airtel, Vodafone Idea, and TataTeleservices on Friday separately moved the Supreme Court…

According to the Reserve Bank of India’s (RBI’s) latest data, deposit insurance covers 92% of the total number of accounts in India but only 28% of the total deposits with the banking system.Private sector lender CSB Bankrecently…

Retail investors bid for a total of 1.16 crore shares as against the 20.29 lakh shares reserved for them, impying a demand of more than 5 times.CSB BankIPO got fully subscribed on the first day of the issue backed by heavy demand from…

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(Reuters) - Louis Moore Bacon, the billionaire hedge fund manager whose macroeconomic bets on currencies, interest rates and other securities earned his Moore Capital Management LP double-digit returns over 30 years, will stop investing…