MAS imposed penalties of S$5.2 mn on the Singapore branch of Standard Chartered Bank and S$1.2 million on Standard Chartered Trust for anti-money laundering breaches.
Hong Kong’s securities regulator has blocked UBS from sponsoring initial public offerings for 18 months, the Swiss bank said in its annual report released.
US President Trump’s proposed trade tariffs are already influencing lending decisions by Britain’s Standard Chartered and could have an impact on its profitability.
Britain's FTSE 100 index is seen opening 11 points lower at 7,241.4 on Friday, according to financial bookmakers.
Property consultant JLL India has appointed Hardeep Dayal as chief operating officer of capital market services division and Amit Gupta as head for debt markets.
India’s City Union Bank said that “cyber criminals” had hacked its systems and transferred nearly $2 million through three unauthorized remittances to lenders overseas.
TSB Bank expects to pay more in fees to Lloyds Banking Group for using its former owner banking platform, as it posted a profit fall in 2017 as a result of the payments.
China Development Bank will make available up to 10 billion yuan to Standard Chartered to fund projects in countries along China’s ‘Belt and Road’ infrastructure route.
Air India took the delivery of its latest Boeing 777-300 ER aircraft, which will be one of the two new planes to be used for VVIP purposes.
With a tech-savvy population quick to adopt latest gadgets and facing dim prospects in conventional workplace, S Korea has been a fertile ground for virtual currencies.
Provident Housing Ltd enters Goa with Adora de Goa an Integrated Resort distric
Project is expected to deliver a Sales Volume of close to Rs 1000 cr over the next 5 years
Group is entering into a management contract with The Park Hotels
Rare Enterprises Buys 3 Cr Shares At Rs 18.37/Sh
Attracts 26 bidders for 51% stake quoting bids between Rs 8000-10,000 Cr
Firms such as ITC, Patanjali Ayurved, Emami Group and Aion Cap are among the bidders
Bidders are bullish on the sector after Govt raise import duties on certain vegetable oils
The govt announced in the budget a hike in import duty to 30-35%
TPG Cap and Manipal Health are eyeing controlling stake in the co
Likely to lead to 2 simultaneous open offers leasing to premium offers to attract investors
Will have to buy at least 26% stake through Voluntary open offer as part of takeover code
A 26% shareholding will automatically trigger the mandatory open offer for additional 20%
Business Standard Reports
TRAI issues show-cause notice to co
Seeks details of non-transparent, discriminatory tariffs to consumers
Have to respond till Mar 25
Action to depend on if tariff reported to regulator or not
Notice first one after TRAI issued tariff order on predatory pricing
Economic Times Reports