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

Top-level shake-up on the anvil in financial sector

Union govt has decided to initiate a major clean-up operation in the financial sector which may include replacement of Sebi chairman DR Mehta, UTI chairman PS Subramanyam and RaI's deputy governor SP Talwar over the next few days.

CBI arrests former CBEC chairman

Two days after the raids, the CBI arrested the former chairman of Central Board of Excise and Customs BP Verma, his son and an accomplice in connection with the case of receiving bribe for favour shown to a Chennai-based export house AK Enterprises.

BoI stops discounting co-op instruments

Hit by a possible loss of Rs 130 crore out of dishounoured pay-orders of Ahmedabad-based Madhavpura Mecantile Cooperative Bank, the Bank of India has immediately stopped discounting instruments of cooperative banks and small private sector banks.

Parekh firms hold 6.15% in Mid-Day

After the furore over the foreign institutional investment holding in the initial public offer of Mid-Day Multimedia Ltd, the company owning the Mumbai-tabloid Mid-Day, the present shareholding pattern in the company has raised eyebrows.

n-Logue needs just Rs 50 cr to bridge digital divide

Guess how much will it cost to bridge the much-touted digital divide in the country? The estimates and guesstimates churned out by experts and mandarins in Sanchar Bhavan need bandwidth running into gigabytes and terrabytes to carry them.