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Banks have recognised DHFL and Cox & Kings as fraud and those that have an exposure to these accounts will have to provide 100 per cent upfront for the exposure.

Provisioning to stay high for banks in Q3

While DHFL's total debt is about Rs 80,000 crore, lenders exposure to the account is around Rs 40,000 crore.

20 Jan 2020 1:35 AM IST

Plaintiffs suing over the drug have said Johnson & Johnson concealed the link between Risperdal and excessive growth of female breast tissue in boys, known as gynecomastia.

Judge slashes USD 8 bn Risperdal award against J&J to USD 6.8 mn

Johnson & Johnson said in October it faced lawsuits by 13,600 people over Risperdal.

18 Jan 2020 11:58 AM IST

Vodafone on Friday launched its SuperWeek plan that offers unlimited calling and 500 MB data at about Rs 69 with 7 days of validity. (Photo: PTI)

SC rejects plea for relief on USD 13 billion telco levy; Vodafone...

Shares in Vodafone Idea tumbled as much as 40 pc to a 2-month low on Friday, wiping out nearly USD 1 bn in market...

18 Jan 2020 11:52 AM IST

STEM education firm provides STEM curriculum, teacher training and expertise in building STEM schools right from kindergarten to 12th grades.

How STEM is educating students in four specific disciplines for better...

The sole objective and aim of education is to tap that hidden quality of a child and bring it in the forerun.

18 Jan 2020 11:37 AM IST

Indias forex reserves have shot up considerably.

Forex reserves rise by USD 58 mn to record high of USD 461.21 bn

FCA decreased by USD 367 million to USD 427.582 billion, the RBI data released on Friday showed.

18 Jan 2020 11:08 AM IST

The transaction received strong backing from Indias thriving startup ecosystem as seen from the participation of several leading angel investors.

ProEves gears up to disrupt childcare industry, raises Rs 3.6 crore

ProEves works with India's leading corporates and offers tech-led childcare benefit management solutions.

18 Jan 2020 10:41 AM IST

Reliance Industries chairman Mukesh Ambani.

Billionaire Ambani's Reliance posts record profit on consumer strength

The company had previously said it would sign a definitive agreement with Aramco by March 2020.

18 Jan 2020 10:23 AM IST

Office spacesparticularly in CBD and SBD areashave gained significant momentum over the last four years.

Office market booming despite economic woes

Three top office markets of India touched, or were very close to, 10 mn sq. feet mark: Bangalore, NCR & Hyderabad.

18 Jan 2020 1:38 AM IST

Free Trade Agreements (FTAs) have not benefitted India much. Exports to countries with whom India has entered into FTAs have grown by a meagre 10 per cent in FY19, while the imports have grown by 27 per cent.

Sectoral focus could lift exports by $100 bn-$150 bn in 10 years

In the global chemical trade of $2.3 trillion, India has a share of $50 billion.

18 Jan 2020 1:36 AM IST

In the international market also, gold prices were trading higher at USD 1,502 an ounce and silver at USD 17.71 per ounce.

Gold demand to remain positive in 2020: WGC

Net gold purchases by central banks will likely remain robust even if they are lower than the record highs seen in...

18 Jan 2020 1:34 AM IST

Shares of Yes Bank jumped 35 per cent before closing with gains of 24 per cent after the lender informed the exchanges that it has received a $1.2 billion binding offer (around Rs 8500 crore) from a global investor. The bank is yet to consider the offer, it said.

Moody's places Yes Bank's ratings under review; direction uncertain

Moody's has downgraded Yes Bank's Baseline Credit Assessment (BCA) and adjusted BCA to caa2 from b3.

17 Jan 2020 12:22 PM IST

Jet Airways stock ended the day at Rs 604.35, down 1.55 per cent from the previous close on BSE.

Jet Airways to sell Netherlands biz to KLM

The domestic full-service carrier, which shuttered operations last April, is undergoing insolvency resolution process.

17 Jan 2020 10:54 AM IST