Financial Express - India's leading business newspaper from the Indian Express Group

RBI opts for fresh valuation on UTI Bank-GTB merger

RBI has favoured a second valuation exercise for the UTI Bank-GTB merger following the controversy over alleged price manipulation in the GTB stock.

Fernandes stays put but suspends small fry

After suspending four mid-level officials in the defence ministry, the NDA government dug in its heels and refused to seek Union Defence Minister George Fernandes' resignation, despite a threat to quit the NDA alliance by the Trinamul Congress leader Mamata Banerjee.

Market rebounds, Sensex up 184 pts

The stock market bounced back on Wednesday as equities staged a smart recovery on purchases by DFIs and Indian mutual funds, which caused the Sensex to spring up by 184 points on the BSE after three straight sessions of bloodbath.

Centre approaches ICAI for valuation of PSUs

The Central government, currently under fire from the Opposition for selling the profit-making public sector BALCO for `a song', has approached The ICAI to take up the task of valuation of all PSUs it has lined up for big ticket divestment for the current fiscal.

Little bits of crepe and no flab

Dim lights, erotic music, beautiful bodies and sensuous clothing all these blended together to create an alluring mix of romance, passion and design at the launch of Suman Nathwani's lingerie collection at a New Delhi hotel on Tuesday.