No evidence of DHFL to divert funds : Auditor

No evidence of DHFL forming shell companies to divert funds: Auditor Dewan Housing Finance Corporation Limited (DHFCL) did not promote any of the 26 shell companies which were alleged to have siphoned off nearly Rs 35,000 crore, independent audit firm…

Kiran Mazumdar fined by Infosys

Infosys fines Kiran Mazumdar Shaw for breaching insider trading norms IT major Infosys has imposed a penalty of Rs 9.5 lakh on its lead independent director Kiran Mazumdar Shaw for inadvertently selling 1,600 shares during open trading window period without…

Airtel to raise Rs 32,000 crore via rights issue

Telecom operator Bharti Airtel plans to raise Rs 32,000 crore through a mix of rights issue and bond in a bid to take on bruising market competition led by Reliance Jio. The company said its board of directors considered recommendations…