Finance

Delhi Metro suffers Rs 1,500 crore losses during lockdown; financial stress burdens DMRC [details]

In the wake of financial distress, the DMRC has turned to seek financial assistance from the Central Government, Delhi, Haryana and Uttar Pradesh governments.

Feb 7, 2021

PNB customers can't withdraw cash from these ATMs now

For cash withdrawals of Rs.10, 000 and above from ATMs between 8 pm and 8 am, PNB account holders obtain a One Time Password (OTP).

Jan 31, 2021

Should you buy Bitcoin; cryptocurrency falls below $30K, worst weekly loss in months

Two weeks ago, Bitcoin hit $42,000, but it is now down 30 per cent from that record high. According to reports, increasing calls for regulation is the reason Bitcoin has crashed so big.

Jan 22, 2021

NSE India shares sexy pics of Mouni Roy from Twitter handle, deletes 7 hours later and apologises; Blame game starts

NSE India shares sexy pics of Mouni Roy from the Twitter handle. The National Stock Exchange clarified that the post was a result of a 'human error' adding that the NSE account had not been hacked. Netizens questioned the social media manager

Jan 10, 2021

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Income tax calendar 2021: Important deadlines you should know | Details inside

The income tax department has issued a new e-calendar for the year 2021 having a list of all the important tax-related deadlines. Scroll down to know more.

Jan 5, 2021

Beer hug in times of distancing; Japanese Kirin bets $30mn on Indian Bira

The investment will allow Bira to break even from the losses registered due to pandemic, said Bira CEO Ankur Jain

Jan 5, 2021

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CBI books Hyderabad based Transstory Ltd. for one of biggest bank frauds in India | Details

The fraud at Transstroy (India) Ltd alleged goes more than Rs 7,926 Crore making it the biggest banking fraud in Indian Banking history.

Dec 20, 2020

NRI billionaire Bavaguthu Raghuram Shetty

Once billionaire BR Shetty's company sold for ONE dollar; it used to be worth $2 billion

This is the story about Indian billionaire BR Shetty's company Finablr Plc, which is getting ready to sell its business to an Israeli-UAE consortium for a shocking $1.

Dec 20, 2020

RBI restricts HDFC bank from launching new digital business, issuing credit cards: Here's why

In a statement filed with the exchanges, HDFC bank said, "The above measures shall be considered for lifting upon satisfactory compliance with the major critical observations as identified by the RBI."

Dec 3, 2020

Can I buy multiple term insurance policies?

The amount of term life insurance coverage you need depends on a number of factors. A good place to start is factoring in the monthly expenses of your dependents.

Nov 26, 2020

RBI's proposal to allow corporate houses into banking best left on shelf; ex-Guv Raghuram Rajan

Last week an RBI panel indicated that large companies could be allowed to open banks in India.

Nov 24, 2020

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Lakshmi Vilas Bank FD rates will likely drop after merger; but money is safe

RBI has placed a moratorium on Lakshmi Vilas Bank (LVB), placing a Rs 25,000 withdrawal cap in a month. If you're concerned about your fixed deposits, read on to find out what's next.

Nov 18, 2020

Lakshmi Vilas Bank depositors fret not; your money is safe

RBI has placed a moratorium on Lakshmi Vilas Bank (LVB), placing a Rs 25,000 withdrawal cap in a month. But this is no reason for you to panic or rush to the bank.

Nov 17, 2020

RBI puts Lakshmi Vilas Bank under moratorium; withdrawals capped at Rs 25,000 [details]

With the permission of RBI for medical treatment, fees for the payment of higher education, and marriage expenses, approval will be allowed to withdraw more money.