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UPDATE 2-Rating agencies knew of stress at India's IL&FS, but gave good ratings - audit

* IL&FS audit by Grant Thornton shows lapses by rating agencies

9:15pm IST

Owners of seized tanker preparing formal request to visit crew in Iran

LONDON, July 20 Stena Bulk, the Swedish-based owners of the UK-flagged tanker detained by Iran, said on Saturday they were preparing a formal request to visit its 23 crew members.

8:18pm IST

UK's Hunt expresses "extreme disappointment" to Iran's Zarif over seized tanker

LONDON, July 20 British foreign minister Jeremy Hunt said he had spoken to his Iranian counterpart Mohammad Javad Zarif and expressed his "extreme disappointment" over Iran's seizure of a British-flagged tanker in the Strait of Hormuz on Friday.

7:35pm IST

EU to scrap financial market access for some countries in Brexit warning shot

LONDON/BRUSSELS, July 20 The European Union is set to block some countries from accessing parts of the bloc's financial market for the first time, an EU document seen by Reuters showed, a step that will ring alarm bells in Britain in the run up to Brexit.

6:43pm IST

India's HDFC Bank net profit rises 21% in June quarter

MUMBAI/NEW DELHI, July 20 India's HDFC Bank Ltd , the largest private lender in the country, registered a 21% net profit rise for the June quarter on the back of strong retail lending, it said on Saturday.

6:24pm IST
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