Finance

Investors lose Rs 53,000 crore as Infosys shares suffer worst fall in 6 years, ends 17% lower

Some anonymous Infosys employees have written to the company board accusing its CEO Salil Parekh and CFO Nilanjan Roy of being involved in unethical practices for several quarters.

Oct 22, 2019

Why is the world watching for Prime Minister Modi's response to Walmart letter?

Walmart boss Dough McMillon writes to Prime Minister Narendra Modi seeking more clarity for India's business regulations.

Oct 22, 2019

Interview with President & CEO of IMA, Jeffrey Thomson

IBTimes Exclusive: CEO of 100-year-old accounting institute shares golden tips for finance professionals

Here's our exclusive interaction with President & CEO of IMA (Institute of Management Accountants), Jeffrey Thomson, discussing the scope of finance professionals in India.

Oct 21, 2019

India to beat US in global economic growth share by 2024; China to remain at top

India will be among 20 nations dominating global growth in 2024 in nominal terms, IMF data show.

Oct 20, 2019

Can India tide over economic crisis that may be worse than the 2008 recession?

Goldman Sachs believes the liquidity issue that NBFCs fuelled is only part of the story as the consumption fall is responsible for a third of the overall slump that began snowballing from January 2018.

Oct 18, 2019

DHFL reports $29 million loss in June quarter; company under financial stress

One of India's biggest housing finance companies, DHFL posted a net loss of 2.06 billion rupees during the quarter compared with a profit of 4.35 billion rupees.

Oct 18, 2019

Air India Airbus A320 passenger aircraft.

Air India divestment: Permission to retrench staff may clinch deal in second bid

The Modi government may get second time lucky with the offer made sweeter with 100% stake sale and permission to retrench staff under voluntary retirement scheme norms

Oct 17, 2019

Social media scare prompts HDFC Bank to clarify on deposit insurance programme

Photograph of a passbook page affirming that deposits are insured for up to Rs 1 lakh as per a 2017 RBI circular circulated on social media causing panic amid continuing stress in India's banking sector.

Oct 17, 2019

PMC bank scam: Depositors demand Rs 5000 crore bailout from PM Modi

The development has come against the backdrop of third depositor dying within 24 hours.

Oct 17, 2019

Friendship with Gardi could prove most damaging of all Naresh Goyal's dealings

Dubai-based Gardi is being probed along with Goyals for various alleged violations; ED is looking into likely offences under foreign exchange regulations by Gardi.

Oct 15, 2019

Will likely spectrum price cut help telcos avoid plight of aviation sector?

Telcos have been urging the government to cut 5G spectrum base price ahead of the proposed auction; the sector has been facing financial stress caused by high operating costs and low profitability amid intense competition.

Oct 15, 2019

After PMC debacle, Centre starts working on stronger framework for co-op banks

One of the RBI officials confirmed that apart from strengthening the framework for oversight of cooperatives, the central bank is also reviewing cap of Rs 25,000 on withdrawals which could be removed soon.

Oct 14, 2019

When will economic slowdown end? World Bank predicts 2nd year of fall in growth

World Bank cut India's GDP growth estimate to 6% for the 2019-20 financial year against 6.9% it achieved in FY19 amid broad-based deceleration of different sectors in the earlier quarters of the year.

Oct 13, 2019

Raghuram Rajan's take on how worrying the economic situation is as growth slows

Former RBI governor Raghuram Rajan says that uncertainty over economic vision is causing deep distress in the economy whose growth forecast has been slashed multiple times this fisc.

Oct 12, 2019

Lakshmi Vilas Bank put under prompt corrective action framework

RBI pulls plug on Lakshmi Vilas Bank merger bid with Indiabulls Housing Finance

Lakshmi Vilas Bank placed under regulatory restrictions over high leverage last month will have to explore other ways to raise capital; IndiaBulls may turn to share buyback.

Oct 10, 2019

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Finance

Investors lose Rs 53,000 crore as Infosys shares suffer worst fall in 6 years, ends 17% lower

Why is the world watching for Prime Minister Modi's response to Walmart letter?

IBTimes Exclusive: CEO of 100-year-old accounting institute shares golden tips for finance professionals

India to beat US in global economic growth share by 2024; China to remain at top

Can India tide over economic crisis that may be worse than the 2008 recession?

DHFL reports $29 million loss in June quarter; company under financial stress

Air India divestment: Permission to retrench staff may clinch deal in second bid

Social media scare prompts HDFC Bank to clarify on deposit insurance programme

PMC bank scam: Depositors demand Rs 5000 crore bailout from PM Modi

Friendship with Gardi could prove most damaging of all Naresh Goyal's dealings

Will likely spectrum price cut help telcos avoid plight of aviation sector?

After PMC debacle, Centre starts working on stronger framework for co-op banks

When will economic slowdown end? World Bank predicts 2nd year of fall in growth

Raghuram Rajan's take on how worrying the economic situation is as growth slows

RBI pulls plug on Lakshmi Vilas Bank merger bid with Indiabulls Housing Finance

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]