ICICI Bank Chairman M K Sharma has written an email to board members seeking their opinion on whether Managing Director (MD) & Chief Executive Officer (CEO) Chanda Kochhar should be asked to go on indefinite leave until the internal enquiry is concluded, said people in the know.

“In an email sent to board members last week, Sharma asked board members whether they agreed that Kochhar should go on indefinite leave until the ICICI Bank-constituted enquiry is completed to have a fair outcome,” said one of the persons cited above.

To celebrate the fifth anniversary in India of online sales platform Amazon, its founder and top boss, Jeff Bezos, decided to give away cash-back as a thank you gesture, in their Amazon Pay wallets.

What he subtly did was to raise more customers for the digital wallet and push the usage further.

Lenders to Essar Steel may not allow Numetal to change its corporate structure stated in the second round of bidding if it comes up for consideration.

“The committee of creditors (CoC) may not allow Aurora Enterprises to be dropped from Numetal because this is not a fresh request for proposal (RFP),” a major lender said.

The telecom department is likely to approve the merger of Vodafone India and Idea Cellular today that will create the country's largest mobile service operator with proposed name of Vodafone Idea Ltd.

"DoT is expected to clear the Vodafone-Idea merger on Monday. The certificate will be handed to them," said an official source.

South Korea and the United States are expected to announce the suspension of “large-scale” military drills this week, with the provision that they would restart if North Korea failed to keep its promise to denuclearise, news agency Yonhap said on Sunday.

Citing an unnamed government source, the South Korean news agency said the suspension was likely to affect only major joint exercises, not more routine military training.

A day after getting the Government’s nod to raise up to Rs 24,000 crore capital, private sector lender HDFC Bank on Thursday said it will use the funds to grow in semi-urban and rural pockets.

“The additional capital will go a long way in supporting our growth plans over the next few years, especially in semi-urban and rural India,” its deputy managing director Paresh Sukthankar said in a video message.

Reserve Bank union today requested Governor Urjit Patel to monitor banks through a combination of risk-based supervision, off-site surveillance and on-site inspections of operational systems.

In a letter written to the governor, the union suggested that the RBI should undertake random supervision of bank branches in all parts of the country periodically - possibly 10 per cent of bank branches comprising all regions on an annual basis.

The rupee plunged by 36 paise to hit a three-week low of 67.98 against the US dollar in early trade today following strong demand for the greenback amid sustained foreign capital outflows.

Besides, the dollar strengthening against other currencies overseas as the European Central Bank (ECB) pledged to leave interest rates unchanged until mid-2019, weighed on the rupee, traders said.

BSNL or the Bharat Sanchar Nigam Limited in its new scheme marking the end of Ramadan and the auspicious occasion of Eid-Ul-Fitr 2018, introduced Eid Mubarak STV 786 offer. The scheme is a prepaid pack that offers 2GB of 3G/4G data per day, unlimited voice calling and 100 SMS messages per day. The pack will be valid for 150 days from the day of recharge. Overall, the Rs 786 BSNL plan offers 300GB of data and 15,000 SMS benefits as well.

Mumbai, Jun 15 () The BSE Sensex recovered by over 66 points to 35,666.07 in opening trade today, aided by continuous buying by domestic investors amid mixed Asian cues.

The 30-share index advanced 66.25 points, or 0.18 per cent, to 35,666.07. It had lost 139.34 points in the previous session.

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