Business

According to data released by the Reserve Bank of India on Thursday, bank credit rose 13.24 per cent to Rs 97.67 lakh crore for the fortnight to March 29, 2019 from Rs 86.25 lakh crore

The court had last week warned the brothers that they could be sent to jail if it was found that they had disobeyed its orders.

Naresh Goyal, the founder of Jet Airways, and his wife Anita Goyal last month stepped down from the board of the ailing airline, ceding majority control.

The institutional mechanisms for resolution and the recognition of NPLs are, of course, an extremely important part of the process of cleaning up the banking system of non-performing loans.

The number, which is below a $120 billion valuation that had been floated by investment bankers, highlights the size of the ride-hailing colossus as it prepares to embark on its market debut, the biggest in

The Sensex lost 353.87 points, or 0.91 per cent, to close at 38,585.35, while the broader NSE Nifty dropped 87.65 points, or 0.75 per cent, to 11,584.30.

Among the vacancies advertised by the lender are those for positions of 515 assistant managers, 309 executives on a contractual basis, 120 specialist cadre officers and 40 chartered accountants.

Investors of Kotak FMP Series 183 were told that almost 27% of the scheme corpus of Rs 457 crore is invested in three troubled entities facing liquidity crisis.

On Wednesday, shares of Jet Airways ended trading at Rs 263.40, 1.59 per cent lower than Tuesday’s close on the Sensex at the BSE.

As the Insolvency and Bankruptcy Board of India (IBBI) has already finalised the norms for individual bankruptcy resolution in case of personal guarantors, the government is expected to notify these within a month, sources familiar

BBB has also identified 75 personnel for intensive leadership development, in order to create a leadership pipeline.

The higher cost of funds is likely to have some impact on the interest margins of these non-bank lenders unless they are able to pass it on to their borrowers.

Alleging GPay was not listed as an authorised operator as per list of the authorised ‘Payment System Operators’ released on March 20, 2019, petitioner Abhijit Mishra, sought a directive to the RBI to stop GPay

The CFO of the Year award was given to Srinivas Phatak, executive director and chief financial officer, Hindustan Unilever, while Sashi Jagdishan, CFO at HDFC Bank, received the Jury Special award.

This is the third time that the public sector oil marketing company has cut fuel supply to the airline in the past eight days, which is struggling to keep afloat amid acute liquidity crisis.

RailTel started providing the free public Wi-Fi service at Indian railway stations with a vision of turningRailway stations into a platform for digital inclusion.

Uber is seeking a valuation of between $90 billion and $100 billion, influenced by the poor performance of smaller rival Lyft Inc's shares following its IPO late last month, the sources said.

The move follows a 25 basis points cut in repo rate by the Reserve Bank in its first monetary policy review announced last week.

Essar Steel owns a 10-million-tonne steel mill at Hazira in Gujarat. This was among the first 12 cases selected by the Reserve Bank of India to be resolved under the Insolvency and Bankruptcy Code (IBC).

Jet Airways pilots along with engineers and senior executives have not been paid for the last three months amid cash-drought in the airline that saw an ownership change last month with banks taking majority shares.

The board of directors of Vodafone Idea on March 20 cleared the planned Rs 25,000-crore rights issue at a price of Rs 12.50 per equity share, at a steep discount of 61 per cent to

The addition of 72,705 mega volt amp (MVA) of sub-stations commissioned in FY19 is about 16 per cent lower than that in the previous fiscal, and the slowest pace recorded since FY16.

IMF’s forecast for India lower than that of World Bank (7.5%) and ADB (7.2%).

Airfares have been on an upswing across India for last few weeks due to sharp decline in number of flights primarily caused by grounding of three-fourths of cash-strapped Jet Airways' 119-aircraft fleet.

"India has recently promulgated a number of data localisation requirements that would serve as significant barriers to digital trade between the US and India," the US Trade Representative's 2019 National Trade Estimate Report on Foreign