Finance Ministry may provide capital support to some PSBs in third quarter

New Delhi: The Finance Ministry is likely to provide capital support from the Rs 20,000 crore fund approved by Parliament in recently concluded session to some Public Sector Banks (PSBs) in the third quarter itself. Parliament approved Rs 20,000 crore for PSB capital infusion as part of the first batch …

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F&O: Bears get an upper hand, but cooling VIX holds out hope

By Chandan Taparia Nifty opened positive on Tuesday, but failed to conquer its short-term hurdle in the 11,300-11,333 zone and drifted towards the 10,180 mark. It then witnessed some recovery from the lows, but the bounces got sold into at the intraday hurdle of 11,250. The index continued its losing …

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Kwality under investigation for alleged $190 million fraud

NEW DELHI: India’s federal police on Monday said they had registered a case against dairy company Kwality Ltd. and its directors for allegedly cheating a consortium of banks of around 14 billion rupees ($190 million). Founded in 1992, the company describes itself as one of India’s fastest growing private dairy …

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