Britain cuts Lloyds bank stake to below 20%

Last Updated: Tuesday, May 12, 2015, 23:50

Britain has cut its stake in state-rescued Lloyds Banking Group to just under 20 percent after offloading another chunk of shares, the government said Tuesday.

Muthoot Finance FY15 net profit falls 14% to Rs 671 crore

Last Updated: Tuesday, May 5, 2015, 22:22

Muthoot Finance, the country's largest gold financing company, today reported 14 percent decline in net profit for 2014-15 fiscal at Rs 671 crore.

UK unveils new measures to combat tax evasion

Last Updated: Friday, March 20, 2015, 10:47

Corporations linked to offshore tax evasion by investors in Britain will face criminal sanctions under government plans unveiled Thursday, a month after an international scandal over tax-dodging in Switzerland.

UK to join China-backed Asian development bank

Last Updated: Friday, March 13, 2015, 14:16

Britain said it has sought to become a founding member of the Asian Infrastructure Investment Bank (AIIB), making it the first Western nation to embrace the China-backed institution, but the United States reacted frostily to the development.

Britain seeking quick sale of RBS bank: report

Last Updated: Friday, March 6, 2015, 15:30

Britain is looking to sell the Royal Bank of Scotland as quickly as possible, Chancellor George Osborne has told the Financial Times.

UK economy gets thumbs-up from OECD before elections

Last Updated: Tuesday, February 24, 2015, 21:57

The OECD group of leading economies on Tuesday approved Britain`s running of the economy but warned about growing inequality, in a boost for Prime Minister David Cameron as elections loom.

Britain sells 1% stake of Lloyds bank for $769 million

Last Updated: Monday, February 23, 2015, 13:52

The Treasury announced in a statement that the sale has trimmed the government`s stake from 24.9 percent to just under 24 percent.

Muthoot Finance gets service tax notice for Rs 153 cr

Last Updated: Monday, January 19, 2015, 21:40

Gold loan firm Muthoot Finance Monday said it has received a service tax notice demanding Rs 153.14 crore in taxes in addition to interest and penalty.

Muthoot Finance to act as business correspondent for Yes Bank

Last Updated: Monday, January 19, 2015, 18:54

Non-banking finance company Muthoot Finance Monday said it has entered into an agreement with Yes Bank to act as its business correspondent.

EU wasted 38 mn euros on 'ghost airports'

Last Updated: Tuesday, December 16, 2014, 23:40

The European Union has wasted tens of million of euros on out-of-the-way, underused airports, an auditors` report said Tuesday.

Greek ex-finance minister to be tried over tax list

Last Updated: Thursday, December 11, 2014, 20:09

Greece`s former Finance Minister George Papaconstantinou will be tried by a special court for allegedly tampering with a confidential tax list in late 2010, the Supreme Court ruled on Thursday.