Shares of Dewan Housing Finance (DHFL) rose on Wednesday after the company said it has cleared all its overdue payments on non-convertible debentures (NCDs). The NBFC also paid Rs 962 crore as interest on... Read more »
Private sector lender Yes Bank reported a big blow on Tuesday when independent director Mukesh Sabharwal resigned, while Moody’s placed the bank’s ratings on review for downgrade. Global rating agency Moody’s Investors... Read more »
The Reserve Bank of India on Tuesday said it will withdraw all charges on fund transfer through popular RTGS and NEFT systems from July 1 and asked banks to pass on the... Read more »
Walmart-owned Flipkart has reportedly shifted a significant portion of manufacturing and sourcing for its in-house brands to India. The homegrown e-commerce major has been sourcing products for its brands from China and... Read more »
In a huge setback to the lenders’ revival/sale plan of the grounded Jet Airways, two operational creditors–Shaman Wheels and Gaggar Enterprises– Monday shifted the NCLT seeking bankruptcy proceedings against the airline. The... Read more »
Former Chief Economic Adviser Arvind Subramanian has said that India’s GDP growth estimate has been exaggerated by around 2.5 percentage points between 2011-12 and 2016-17, the year transitioning the UPA to NDA... Read more »
Tata Consultancy Services on Monday crossed the Reliance Industries to become the most valued firm by market valuation. Nearing trade, the market capitalisation (m-cap) of TCS was at Rs 8,37,194.55 crore, which... Read more »
The system-wide non-performing assets stock has fell starkly to 9.3 percent in March 2019, more rapidly than the Reserve Bank’s estimate and far down from 11.5 percent the year before, says a... Read more »
State-owned lender Central Bank of India (CBI) is plans to raise capital up to Rs 5,000 crore in the financial year 2019-20 through various modes, including rights issue and FPO, to meet... Read more »
With regards to frauds in the banking sector to absence of effective controls, RBI Governor Shaktikanta Das Saturday said focus of the central bank in the upcoming months will be on corporate... Read more »