Banks have yet to finalise a resolution plan for the mortgage lender.
According to the report, overall the commercial credit stood at Rs 63.80 lakh crore as of June 2019 as against Rs 65.52 lakh crore in March 2019 and is up 10.4 percent compared to Rs 57.81 lakh crore as of June 2018.
SBI Life Insurance Company reported a 48.7% fall in the net profit for the quarter ended September.
The Bengal CM was one of the first ones to fete the half-Bengali, half-Konkani economist.
India will need to speed up the process to acquire Naval Multi-Role Helicopters for its Navy to deal with security challenges in the Indian Ocean Region, especially since China displayed its indigenously developed Z-20 choppers earlier this October.
While rain would normally cheer the agricultural heartland, monsoon was erratic and has left crops damaged.
The oil companies have said that they will discontinue fuel supplies to Air India from tomorrow.
The shares of the company are already trading at steep multiples, leaving no room for major upsides.
The apex court has set October 21 as the next date of hearing in the case. It has also asked the Union Environment ministry to be made a party to the case.
Some miscreants have been spreading false information and malicious rumors about YES Bank on WhatsApp.
Alice Wells, head of the US state department's South and Central Asian bureau, also welcomed the arrest of the top four leaders of Lashkar-e-Taiba /Jamaat-ud-Dawah in Pakistan.
The company has filed a police complaint regarding hostile takeover.
Aaditya also sheds light on what are his plans for his assembly constituency Worli if he wins.
The Telecom Regulatory Authority of India (Trai) has asked cable and satellite TV providers to allow consumers to access and modify their subscription plans via Trai app.
Their exposure in startup scene and operational credibility have made them darlings of venture capital firms
HDIL’s hijacking of PMC is just the latest in the subversion of co-op banks by the influential & crooked.
Should drones be allowed for deliveries? That’s the question being asked by governments around the world even as many cos are engaged in field tests.
CCI has approved the restructuring of Apollo Hospitals Enterprise's pharmacy business
Bloomberg consensus ratings data shows that 30 analysts have a buy rating on the stock and 6 analysts have a hold rating.
Allcargo is in the final round of talks to pick up a controlling stake in Gati.
YES has lodged a complaint with Mumbai police against the dissemination of fake news.
Industry sources speculated that Lee could hold a meeting with Reliance Industries Chairman Mukesh Ambani during his the visit.
Retail gloom deepens in India and China, home to 2.8 billion people, or a third of the world’s consumers.
Waryam Singh wielded enormous media power to enhance HDIL's business prospects.
Samsung is one of the key supplier to the country's largest telecom operator Reliance Jio and is very keen to get involved in 5G business.
Shares of IIFL Securities will get listed and admitted to dealings on BSE today in the 'T' Group category.
Reliance Capital said no pledged shares of RNAM have been invoked by any lender.
The private sector lender said that it had a combined exposure to three debt-laden companies: Zee, DHFL and Anil Ambani led Reliance of about Rs.2100 crore or 1.1 percent of the loan book.
Bajaj Finance said it will raise up to Rs 8,500 crore through qualified institutional placement.
Warburg Pincus is likely to buy another 20.5 per cent stake in IndiaFirst Life Insurance.
Most LOCs are only too real as a number of businessmen have been discovering to their discomfort.
RBI has taken action against Equitas Small Finance Bank for failing to meet deadline for getting shares listed.
According to official data, nearly 1,900 people lost their lives and another 46 were reported missing this monsoon season in rains and floods that affected more than 25 lakh people in 22 states.
Indrani Mukerjea and her husband Peter Mukerjea are former promoters of the INX Media Group.
On the overall economic situation, almost half (47.9%) of the households surveyed felt it had worsened.
We have stayed away from metals and oil & gas space as we avoid cyclicals, says Gautam Trivedi.
The Sensex crashed 770 points, or 2.06 per cent, its biggest single-day fall in 11 months.
Lupin has signed an agreement with Boehringer to develop a new drug for cancer patients.
Special Inspector General of Police (IGP), Maharashtra Cyber Police, Brijesh Singh, also said some verified accounts in Pakistan are sharing such fake content to fan passions.
Bank stocks lost heavily on both the Sensex and Nifty indices on Tuesday over concerns regarding stress in the financial system.
The singer will perform in the city in November as part of the OnePlus Music Festival.
While some believe in the power of multi-media and multiple touch points, other advertisers and marketers say the focus is on getting more eyeballs on social media platforms.
I am more optimistic now than maybe I was three months ago, says Edelweiss chairman.
The bank will now seek necessary shareholders’ consent and to raise capital.
73% of kids consuming digital content ask parents to buy something because a kid influencer had it.
On that day, RBL shares dipped 12 per cent — a fall that stunned many investors.
How did PMC’s board, its auditors and the central bank remain clueless for so long?
The Bengaluru-based company has identified a project in Goregaon, Mumbai to enter into this growing segment, its MD Ashish R Puravankara said.
DHFL proposed a 35 per cent haircut to all lenders as part of its resolution plan.
Arora got just 0.13% of the votes polled. While that did not make news, he is at the centre of media and public attention now.
The Union cabinet has approved a Rs 9,300 crore capital infusion in IDBI Bank.
RBI has lowered borrowing costs to a nine-year low of 5.4% through 110 basis points easing so far in 2019.
Banks of all kinds have been hit by frauds. But the UCBs are the odd man out. They are nobody’s child.
Infrastructure company PNC Infratech said it has bagged a Rs 1,062-crore highway project.
The net asset value (NAV) of some debt funds of PGIM India Mutual Fund earlier this month fell by as much as 30 per cent in a day .
Expects move will let more than 60% of depositors take out their entire balance.
Some in this list are prominent, like Elon Musk. Others are not so much so, like Pallonji Mistry.
The Speaker said Ajit Pawar did not disclose the reason while tendering the resignation.
Subhash Chandra’s Essel Group will repay about Rs 2,600 crore to mutual funds.
Amazon has introduced games and contests to make customers engage with the platform better.
Uco Bank has approached the Life Insurance Corporation of India (LIC) to acquire up to 15 per cent stake in it.
Thomas Cook India resorted to a communication blitz to clarify that the U.K. firm exited it 7 yrs ago.
Altico, which owes over Rs 4,500 crore to the system, had defaulted on an interest payment of around Rs 20 crore earlier this month to an ECB raised through the UAE lender Masherq Bank.
Long-distance trains from different parts of India, expected to reach Mumbai, have also been stranded at various locations due to incessant rains.
Snap’s local team in India will focus on expanding strategic partnerships, building an engaged community of creators and users and servicing local advertisers.
RBI yesterday put a slew of restrictions on PMC Bank for six months citing several regulatory lapses.
According to advertising industry experts, the real estate sector has massively reduced their ad spends on TV and print media.
The rock band will close 'The Joshua Tree Tour 2019' in Mumbai.
One of the seven Ramsay brothers, he was known for films including 'Bandh Darwaza', 'Veerana'.
PUBG Mobile Lite is designed to be compatible with more devices.
The news sent shares sharply higher, but bond yields spiked to a near three-month peak.
The benchmark 10-year yield was steady at 6.79 per cent after dropping four basis points earlier.
Real estate will do well with "right developers, right pricing & right unit size", thinks Deepak Parekh.
ED earlier this week filed the money-laundering case against Pawar, his nephew Ajit Pawar, and others in connection with alleged scam in the Maharashtra State Co- operative Bank.
The Film Federation of India jury decided to send the Zoya Akhtar-directorial for Oscars.
On a weekly basis, the Indian rupee lost 2 paise.
The offer is likely to be opened for subscription on Friday.
The company also hinted at going slow on investments from here, saying extracting benefits from past bets will be the focus now through margin expansion.
Mumbai: Reliance Industries Chairman Mukesh Ambani and his family cast their votes at a polling booth at Villa Theresa High School on Peddar Road in Mumbai. Mukesh Ambani has raised eyebrows by backing the opposition Congress candidate in his Mumbai constituency, although the BJP is not standing in that seat. Ambani has regularly spoken in support of Modi's BJP government and the Reliance Industries tycoon's son, Anant Ambani, attended a recent Modi rally.Lok Sabha Elections news: Mukesh Ambani and family cast their votes in Mumbai
On Friday, top 10 clients on the short side cumulatively held a whopping 13.7 lakh barrels.
Reports suggested that Kapoor was in talks with Paytm founder Vijay Shekhar Sharma, which may be at a personal level.
The three inducted one artist each to the Bombay Progressive Artists group.
I have never seen such volatility, but selectively the market has bottomed out.
Bosch has announced five days of production cut at its plant in Tamil Nadu.
Aga comes with over 25 years of experience across TV, radio and digital media.
Das said it was important to see whether alternative sources of supply come up and how soon the installations take to resume operation.
The study, which covered 1.68 lakh election-related news items in various media outlets in April, has found that 50,000 pieces or 40 percent of them, were "biased".
IIFL has downgraded Dr Reddy's to add from buy with a target price of Rs 2,700.
Banks will have to take more haircuts while resolving the stressed loans extended to NBFCs, Das has said.
The RBI Governor said that there is little fiscal space for the government to unveil any countercyclical measures.
Bollywood superstar 'King Khan' Shah Rukh Khan cast his vote from Mumbai North Central constituency accompanied by his wife Gauri Khan and his youngest son AbRam.Election news: Shah Rukh Khan along with wife Gauri casts his vote in Mumbai
Mumbai: Sachin Tendulkar, his wife Anjali Tendulkar, daughter Sara Tendulkar, and son Arjun Tendulkar after casting their vote at polling center number 203 in Bandra. Sara Tendulkar and Arjun Tendulkar are first time voters. Election News LS 2019: Sachin Tendulkar casts his vote in Mumbai with family
Concerns roared back last week when Altico Capital India didn’t repay interest on a loan.
The affordable housing segment has been given a huge fillip by FM Nirmala Sitharaman’s announcement on real estate.
DHFL has sold one of its crucial commercial properties DHFL House in the Andheri suburb of Mumbai.
Posting of this communication led to "fake and misleading" news items about the PMO raising concerns over financial troubles of the NHAI.
Elevated crude oil prices have emerged as major fears for India in form of fiscal slippage and inflationary pressure.
JSW Energy announced the termination of a Rs 6,500-crore deal with JSPL.
Such companies even saw the foreign investors lowering there bets on them over a period of time.
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