Free Press Journal
  • Daiichi seeks stay on insolvency plea against RHC

    New Delhi : Daiichi Sankyo has moved the National Company Law Tribunal (NCLT) to stay the insolvency proceedings against RHC Holding initiated by HDFC Bank. A two member bench NCLT has asked both – RHC Holding and its lender HDFC Bank to file reply over the move within a week. The tribunal has directed to list the matter on Oct 4 for next hearing. Daiichi, which has filed an intervention application in

  • HDFC VP Murder Case, Siddharth Sanghavi, HDFC bank, bank scam, mumbai, murder

    HDFC VP Murder Case: Cops are missing out on bank scam probe, says friend

    Mumbai: A close friend of Siddharth Sanghavi, suspects the murdered Vice-President of HDFC bank, was in the know-how of sensitive and potentially damaging information regarding a scam which led to his murder. The friend has alleged, the police seemed to have missed probing this theory entirely.

  • HDFC VP Murder Case, Siddharth Sanghavi, HDFC bank, bank scam, mumbai, murder

    Mumbai: Slain banker’s debit, credit cards recovered from accused’s residence

    Mumbai: The NM Joshi Marg police recovered two debit cards and a credit card belonging to Siddharth Sanghvi, the slain vice president of HDFC bank late on Tuesday. Siddharth was murdered by the accused Sarfaraz Shaikh, 20, in the parking lot of Kamala Mills on September 5.

  • HDFC VP Murder Case, Siddharth Sanghavi, HDFC bank, bank scam, mumbai, murder

    HDFC Bank VP murder case: The police version changed overnight

    Mumbai: Even as the police is claiming that 39-year-old banker Siddharth Sanghvi was victim of a robbery that went awry, the buzz until Sunday night was that Shaikh was hired by four people, including a woman, who worked with him. The murder was attributed to workplace jealousy over salary and frequent promotions.

  • Mumbai: HDFC bank Vice President killed for measly Rs 35,000 EMI?

    Mumbai: A cab driver, Sarfaraz Ali Shaikh (20), has been arrested for the murder of Siddharth Sanghvi, a vice president at the HDFC bank. Shaikh, the police said, desperately needed money to repay his vehicle EMI and had confronted Sanghvi with a knife in the bank office compound.

  • Stocks at new highs on upbeat global cues; Nifty ends above 11,700

    Mumbai: Stocks ended at record highs for the second day in a row today on fresh foreign fund inflows and unabated buying by domestic investors in bluechips led by Reliance Industries, HDFC, HDFC Bank and Maruti Suzuki. The BSE Sensex rose by 202.52 points or 0.52 per cent to close at a fresh record high of 38,896.63 while the broader NSE Nifty advanced 46.55 points or 0.40 per cent to close above

  • RBI puts 200 stressed A/Cs under scanner

    New Delhi : As part of its effort to contain rising non-performing assets (NPAs), the RBI has started scrutiny of 200 large accounts to assess level of stress and provisioning done against them by respective banks.

  • Panel calls for more teeth to Sebi to curb market manipulation

    New Delhi : Suggesting sweeping reforms, a high-level committee on Thursday recommended market watchdog Sebi to seek powers to intercept calls to aid investigations and also grant immunity to whistle-blowers blowing the lid off frauds and other violations.

  • RBI needs to gradually tighten policy: International Monetary Fund

    New Delhi : The Reserve Bank of India (RBI) needs to gradually tighten monetary policy in view of inflationary pressure due to higher oil prices, increase in Khariff MSP and possible fiscal slippage, the International Monetary Fund (IMF) said today.

  • hdfc-bank

    HDFC Bank raises fixed deposit rates by 0.6%

    New Delhi : Days after the Reserve Bank of India (RBI) hiked the benchmark, repo rate, HDFC Bank today increased fixed deposit rates on various maturities by up to 0.6 per cent.

  • HDFC Asset Management Company soars 65% on debut

    NEW DELHI: HDFC Asset Management Company made a blockbuster debut at the bourses today, with its shares surging 65 per cent, against the issue price of Rs 1,100 per share.

  • HDFC Bank gets Cabinet nod to raise Rs 24K-crore via FDI

    New Delhi : The government on Wednesday approved the proposal of HDFC Bank to raise additional capital Rs 24,000 crore by selling equity to foreign investors to fund its business growth.

  • hdfc-bank

    Cabinet approves HDFC Bank’s proposal to raise Rs 24,000 cr via FDI

    New Delhi: In another move to bolster the Indian banking system, the Union Cabinet on Wednesday approved a Rs 24,000 crore foreign direct investment (FDI) as additional share capital into private sector HDFC Bank, Finance Minister Piyush Goyal announced.