Business

Chanda Kochhar will now be asked to depose later this week. She had not appeared before the agency even last week citing health reasons.

In a surprise move, the Jammu and Kashmir government Saturday removed J&K Bank Chairman Parvez Ahmad, and Anti-Corruption Bureau carried out a raid at the lender's corporate office in connection with alleged fraudulent appointments.

The benchmark BSE Sensex was trading higher by 268.04 points, or 0.68 per cent to quote at 39,885.74 while the NSE Nifty was trading at 11,943.10, higher by 72.45 points, or 0.61 per cent.

The ministry of road and transport is reportedly in consultations with NITI Aayog and other stakeholders proposing that all three-wheelers and all two-wheelers below 150cc will need to go electric by 2023 and 2025, respectively.

Goyal pointed out need for clarity on issues like privacy and security before making rules on e-commerce, adding that this is why India does not support joint initiative on e-commerce 'at this stage'.

Banks cut down exposure to jewellery sector amid lingering liquidity issues

With the proposed A321XLR, Airbus is seeking to steal customers from a distracted Boeing after executives postponed a decision on an all-new model for middle-distance routes while they deal with the Max crisis.

DHFL said that for the first set of NCDs, on which interest dues are worth Rs 80 crore and the principal amount aggregates Rs 120 crore, it has arranged funds and met its obligations.

The ASF for international passengers has been increased to $4.85 from $3.25 effective next month, the document further said.

Das added that in the light of recent developments, there is a case for having a fresh look at their regulation and supervision.

At the Governing Council’s meeting, various issues regarding the country’s development will be discussed. Banerjee conveyed her decision not to attend the meeting in a letter written to the PM.

In India’s diverse pharma industry, it’s not about how big the firm is, but how popular they can make their brands. This has allowed lesser-known drug makers to build brands that are to be reckoned

Chibber will replace Ahmad, who was appointed in 2016 as the chairman of the bank.

A Boeing spokesman said that based on a safety review, the company had originally planned to fix the cockpit warning when it began delivering a new, larger model of the Max to airlines in 2020.

In May, The Indian Express reported that after having received a complaint from an individual Dharmendra Pratap Singh, the DEA directed the same to the MCA on April 29, 2019, “for necessary action under intimation

Care Ratings has downgraded DHFL’s bank facilities of Rs 42,713 crore, non-convertible debentures of Rs 46,655 crore, fixed deposits of Rs 8,940 crore and subordinated debt of Rs 2,205 crore to the ‘D’ category.

The May 23 order, which had cleared the merger of National Sample Survey Office (NSSO) and Central Statistics Office (CSO), had only mentioned Secretary (Statistics and Programme Implementation) as the head of NSO and not

According to SBI, the effective Repo Linked Lending Rate (RLLR) for CC and OD customers will be 8 per cent. The bank has also introduced repo-linked loan product for home loans with effect from July

While credit rating agencies downgraded its debt papers this week, sources within DHFL said that it has repaid Rs 100 crore of commercial paper liability maturing Friday.

The new circular has also relaxed several other provisions, including norms related to consent of lenders and offers more freedom to lenders in implementing the asset resolution plan.

The apex court had on April 2 struck down the stringent RBI circular, issued on February 12, 2018, for resolving bad loans under which a company could be labeled an NPA if it missed repayment

A group of several hundred economists and financial market professionals regularly polled by Reuters over the past few years has consistently and almost unanimously warned that trade conflict is the number one global economic risk.

Oil prices jumped after Saudi Energy Minister Khalid al-Falih told a conference in St Petersburg, Russia, that $60 a barrel was too low to encourage investment in the industry. Crude later pared gains.

The banking and financial services segment (BFS) is a staple for Indian IT services companies serving global clients, and it accounts for major chunk of overall tech services basket.

To boost the sagging economy, the RBI Thursday lowered its benchmark lending rate to a nearly nine-year low of 5.75 per cent and changed its monetary policy stance to accommodative, leaving space for future rate