Business news

Should RBI's regulatory action on Lakshmi Vilas Bank worry erring lenders?

Lakshmi Vilas Bank became second major private lender to get the rap under 'prompt corrective action' framework of the RBI, after the action against PMC Bank.

Sep 29, 2019

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LPG crisis looming? Cooking gas shortage could worsen during festival season

LPG vendors may begin rationing of LPG cylinders to customers as the effect of Houthi attacks on Saudi oil installations and fire at ONGC's Uran plant affects supplies in Karnataka, Maharashtra, Punjab, and Goa amid domestic shutdowns

Sep 28, 2019

PMC Bank customers panic after RBI restricts withdrawals

PMC becomes latest bank out of 23 others to face RBI action over irregularities

Since the beginning of 2019, the RBI has put 23 more co-operative banks under similar restrictions.

Sep 27, 2019

PMC Bank crisis exposes regulatory failures plaguing cooperative banking space

Reserve Bank of India failed to intervene though PMC Bank chairman Waryam Singh's close links with bankrupt real estate company Housing Development and Infrastructure Ltd was known for long.

Sep 27, 2019

L-R - Mr. Sachin Bansal, Tarun Mehta, CEO and Co-Foun ... r. Swapnil Jain, CTO and Co-Founder, Ather Energy

Sachin Bansal plugs into microfinance growth story with CRIDS investment

Former Flipkart CEO's return to an executive role with a Rs 703-crore investment in CRIDS is expected to help the rural microfinance company scale up operations.

Sep 26, 2019

Customers panic after RBI intervention in PMC Bank

Explainer: What is PMC Bank and why are the customers panicking?

RBI has capped withdrawals to Rs 1,000 for six months to prevent a run on the bank; authorities are probing major accounting issues.

Sep 25, 2019

Markets today: Sensex slips 300 points, Nifty drops below 11,500

The key Indian equity indices opened on a negative note; Sensex was down over 300 points at 38,790, the Nifty50 on the NSE slipped 92 points to breach the 11,500-mark.

Sep 25, 2019

Improving supplies set to trim fuel prices that rose for eighth day in a row

International crude may soften as Houthis talk of halting further attacks and Saudi production gets back to near-normal levels despite reigning geopolitical tensions.

Sep 24, 2019

PSB strike deferred, averting a 4-day bank shutdown; govt to look into merger issues

The strike, along with the planned monthly non-working day of fourth Saturday on September 28 and Sunday, September 29, would have effectively shut PSB operations for four consecutive days

Sep 24, 2019

India's strategic drive for LNG source diversification gets a boost with US deal

Petronet LNG will invest $2.5 billion in Tellurian Petronet's Louisiana project under proposed tie-up concluded in the presence of Prime Minister Narendra Modi

Sep 23, 2019

Indian IT companies pay better than local competitors in US: Report

The IHS Markit took the data from the US Bureau of Labor Statistics and other government institutions to compile the report, which was further clubbed with the numbers provided by Nasscom member companies.

Sep 23, 2019

Is Thomas Cook a casualty of Brexit uncertainty as lenders remain tightfisted?

Prolonged Brexit uncertainty is to partly blame for the failure of the world's oldest travel group to raise enough cash to service debt leading to bankruptcy.

Sep 23, 2019

Travel giant Thomas Cook goes belly up but it's business as usual in India; here's why

The UK travel giant said on Monday it filed for bankruptcy after last-minute efforts to secure a $250 million funding from private investors failed.

Sep 23, 2019

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Markets today: Sensex surges over 1,000 points, Nifty crosses 11,650 mark

Financials were among the top gainers, with the Nifty banking index, which tracks both state-owned and private-sector lenders, rising up to 5.5%.

Sep 23, 2019

British travel company Thomas Cook collapses, stranding 150,000 travellers abroad

Thomas Cook chief executive Peter Fankhauser says firm's collapse is a "matter of profound regret" and apologises to millions of customers and thousands of employees.

Sep 23, 2019

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Business news

Should RBI's regulatory action on Lakshmi Vilas Bank worry erring lenders?

LPG crisis looming? Cooking gas shortage could worsen during festival season

PMC becomes latest bank out of 23 others to face RBI action over irregularities

PMC Bank crisis exposes regulatory failures plaguing cooperative banking space

Sachin Bansal plugs into microfinance growth story with CRIDS investment

Explainer: What is PMC Bank and why are the customers panicking?

Markets today: Sensex slips 300 points, Nifty drops below 11,500

Improving supplies set to trim fuel prices that rose for eighth day in a row

PSB strike deferred, averting a 4-day bank shutdown; govt to look into merger issues

India's strategic drive for LNG source diversification gets a boost with US deal

Indian IT companies pay better than local competitors in US: Report

Is Thomas Cook a casualty of Brexit uncertainty as lenders remain tightfisted?

Travel giant Thomas Cook goes belly up but it's business as usual in India; here's why

Markets today: Sensex surges over 1,000 points, Nifty crosses 11,650 mark

British travel company Thomas Cook collapses, stranding 150,000 travellers abroad

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]