The Punjab National Bank has revealed that over 1,142 defaulters across the country have defaulted to the tune of Rs 25,090.3 crore. The bank has initiated recovery proceedings by filing suits against... Read more »
Care Ratings have suggested that the IIP growth for April at 3.4% had an impressive start after a negative growth in March. The projection was 1.2%. However, it is too early to... Read more »
The rupee on Friday dropped by 18 paise to close at 69.46 against the US currency on strengthening of the greenback in overseas markets and rising crude oil prices. Forex traders said... Read more »
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 »