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There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

RBI move on insolvency proceedings credit positive: Moody's

RBI has also asked banks to also review other NPAs and finalise a resolution plan over the next six months.

19 Jun 2017 6:45 PM IST

The SpiceJet added that Some passengers were moved to flights of other airlines while the rest travelled by the scheduled SpiceJet flight.

SpiceJet, Boeing sign MoU for 40 737 MAX planes

SpiceJet is scheduled to take the delivery of its first 737 MAX in 2018.

19 Jun 2017 6:18 PM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

Monsoon to good news for rural demand, RBI may cut rate: BofAML

Despite inflation moderating sharply in April, the Monetary Policy Committee had decided to leave policy rates unchanged...

19 Jun 2017 5:54 PM IST

India has joined China, Mexico and Brazil as a manufacturing and export hub for the Jeep Compass.

Fiat opens pre-bookings for SUV Jeep Compass

Vehicle will be launched with both petrol and diesel engines mated to manual as well as automatic transmissions.

19 Jun 2017 5:49 PM IST

Expressing deep gratitude to all SCO countries for giving India full membership after enjoying 12 years of observer status, Modi termed SCO as a main pillar of peace and security in the regional and the global arena. (Photo: ANI Twitter)

US lawmakers urge India to review price cap on stents ahead of Modi's...

US lawmakers backed medical device makers by urging India to reconsider its decision to cap prices of heart stents.

19 Jun 2017 5:28 PM IST

Union finance minister Arun Jaitley with MoS Santosh Gangwar and CEA Arvind Subramanian at the GST Council meeting in New Delhi on Sunday. (Photo: PTI)

'Don't rush for GSTIN; provisional ID will suffice initially'

Govt has done away with requirement of verification of registration through digital signature.

19 Jun 2017 5:11 PM IST

The 30-share Sensex resumed higher at 27,552.27 and hovered between 27,743.46 and 25,902.45 before concluding the week at 26,818.82, a loss of 455.33 points, or 1.67 per cent.

Sensex barrels ahead to record peak, Nifty tops 9,600

BSE 30-share index hit a high of 31,362.15, before closing at a new record high of 31,311.57, up 255.17 points, or 0.82...

19 Jun 2017 4:36 PM IST

Representational Image.

Mumbai based vegan food startup gets funding from UAE princess

Wegan Foods, a vegan food startup with a women dominated workforce has impressed a member of a UAE royal family.

19 Jun 2017 4:33 PM IST

Amitabh Bachchan

Modi govt ropes in Amitabh Bachhan to promote GST

A 40-second video featuring him has already been shot and is being circulated.

19 Jun 2017 4:01 PM IST

Adani Group Chairman Gautam Adani

Moody's revises Adani Ports outlook to stable from negative

Negative outlook was driven by weakened operating performance and financial metrics.

19 Jun 2017 4:01 PM IST

Representational Image.

Droptaxi hires transgenders for promotional work in TN

The transgenders hand out pamphlets and talk about the company and services offered.

19 Jun 2017 2:58 PM IST

Arrested on the basis of profiling, the gold was concealed in the shoes he was wearing. (Representational Purpos).

Gold plunges to nearly 3 week low of Rs 29,100

Globally, gold fell 0.33 per cent to USD 1,249.30 an ounce and silver by 0.51 per cent to USD 16.60 an ounce in...

19 Jun 2017 2:58 PM IST