BHP Billiton takes $2.8 bn pre-tax writedown as oil price tumbles

Last Updated: Wednesday, July 15, 2015, 12:17

Mining giant BHP Billiton Wednesday said it was taking a US$2.8 billion pre-tax writedown on its onshore assets in the United States as plunging oil prices hit shale gas.

SBI to provide all info of distressed asset under auction

Last Updated: Sunday, July 12, 2015, 16:39

At the past two online auctions conducted in March and June, which was an industry first, the bank was successful in selling distressed residential properties, but failed to sell commercial properties in sizable numbers.

SBI MF lays out plan for Rs 1 lakh cr AUM by Sept quarter

Last Updated: Friday, July 10, 2015, 19:42

SBI MF, a joint venture between SBI and French major Amundi, is the sixth-largest fund house with an AUM of Rs 86,000 crore as of the June quarter and is all set to cross the Rs 1 lakh crore mark by the September quarter.

Black money: Declare overseas assets, will be difficult to hide, says govt

Last Updated: Thursday, July 9, 2015, 23:53

Armed with automatic information exchange pact with the US, government Thursday asked persons holding undisclosed offshore assets to declare them before September 30 as it would be difficult to hide unaccounted assets in future.

SBI to put in place early warning signals to rein in NPAs

Last Updated: Tuesday, July 7, 2015, 17:57

To effectively deal with the problem of bad loans, SBI is in the process of introducing a system of early warning signals to detect NPAs and take corrective action.

Black money: Govt warns of consequences for non-disclosure of foreign assets

Last Updated: Monday, July 6, 2015, 19:35

The Finance Ministry said that if undisclosed assets are unearthed by the tax department at a future date, then 120 percent tax and penalty would be levied on its fair market value on that date, besides a jail term.

Compliance window last chance to come clean on black money: Govt

Last Updated: Saturday, July 4, 2015, 21:01

Terming the rules for the new black money law "simple and clear", Finance Ministry on Saturday said the ongoing compliance window will be the last chance to come clean on undisclosed foreign assets.

Bharti closes tower sale in 5 African nations

Last Updated: Thursday, July 2, 2015, 13:13

Bharti Airtel on Thursday said it has completed the sale of mobile towers in five countries in Africa for USD 1.3 billion and the process is under way for selling tower assets in six other nations.

Black money menace: Swiss banks tighten customer due diligence

Last Updated: Tuesday, June 30, 2015, 21:13

Facing possible criminal action by India and some other nations over suspected black money, Swiss banks today decided to tighten their due diligence procedures to keep away illicit assets and made it mandatory to identify the beneficial owner of funds parked with them.

Home loan delinquencies more than halve in last 5 years: Cibil

Last Updated: Tuesday, June 23, 2015, 18:39

The percentage of non-performing assets (NPAs) from the home loans segment has dropped to 0.57 in March 2015 compared to 1.06 at the end of 2010, it said in a report.

Allow IFCs to buy projects turning into NPAs: Assocham

Last Updated: Tuesday, June 16, 2015, 17:55

Government should allow infrastructure finance companies to buy projects that turn into non-performing assets, industry body Assocham said on Tuesday.