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The Reserve Bank of India (RBI) on Wednesday superseded the board of debt-laden Dewan Housing Finance Corporation Limited (DHFL) owing to governance concerns and defaults in meeting various payment obligations by the mortgage lender.

Write off DHFL exposure

If DHFL goes under liquidation, it will be sold and someone else will take over. Insurance companies are also part of...

7 Dec 2019 1:36 AM IST

In India, banks will face the maximum pressure on income from card transactions and fees, with free payments putting 8.4 per cent of the payments revenue at risk.

PSBs may get nod to hold over 10 per cent in two insurers

An entity holding over 10 per cent in an insurance company is categorised as a promoter while one holding below that...

7 Dec 2019 1:32 AM IST

Mahindra drives in XUV300 BS6 petrol at Rs 8.30 lakh

Mahindra, India's biggest utility vehicle maker, has introduced the BS-6-compliant petrol version of its compact SUV,...

7 Dec 2019 12:34 AM IST

Private traders have imported 1.72 million tonne (MT) wheat so far and total inbound shipments are expected to cross 2 MT this year.

Wheat sowing up 4.28 per cent at 202.54 lakh hectares so far

As per the ministry's latest data, wheat was sown in 8.34 lakh hectare more area so far in the ongoing rabi (winter)...

6 Dec 2019 7:53 PM IST

And in the period ending June 30 - the first quarter of the current financial year - write-offs amounted to 445.77 billion rupees (USD 6.31 billion), the data showed.

Rupee settles 9 paise up at 71.20 against US dollar

Investor sentiments strengthened after the Reserve Bank of India signalled to continue with accommodative stance.

6 Dec 2019 5:35 PM IST

IndusInd Bank was the top gainer in the Sensex pack, rising 2.68 per cent. ICICI Bank gained 2.68 per cent at close. Yes Bank, Tata Steel, SBI, TCS, L&T and Infosys also advanced. (Photo: File)

Sensex slumps over 334 points; Nifty tumbles below 12,000

The BSE Sensex settled at 40,445.15, down 334.44 points or 0.82 per cent.

6 Dec 2019 4:15 PM IST

Automotive Component Manufacturers Association said the slowdown has also resulted in an investment loss of up to USD 2 billion dollars during the period.

Auto component industry turnover dips 10 per cent in Apr-Sep

This led to a job loss of around 1 lakh temporary workers till July this year, industry body ACMA said.

6 Dec 2019 4:08 PM IST

Govt asks e-commerce firms to file FDI compliance report annually

Trader bodies have been raising concern over violation of foreign direct investment (FDI) norms.

6 Dec 2019 4:01 PM 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 falls marginally, silver rises Rs 52

Gold is trading at Rs 38,895 per 10 gram in the national capital, according to HDFC Securities.

6 Dec 2019 3:00 PM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Crude oil futures slip on weak global cues

The fall in crude oil futures was mostly due to trimming of positions by traders, in line with weak global cues,...

6 Dec 2019 1:59 PM IST

So, heres everything you need to know about the upcoming new Ertiga.

Maruti recalls 63,493 units of Ciaz, Ertiga, XL6 to fix faulty part

Recall campaigns are undertaken globally to rectify faults that may be potential safety defects.

6 Dec 2019 1:51 PM IST

While onion prices have been going through the roof and had hit Rs 100 a kg in some markets, 63 per cent of the onions kept in the governments buffer stock had to be wasted as it became unusable.

Retail onion prices touch Rs 140 per kg mark in some cities

The average modal price of onion in the retail markets was ruling at Rs 110 per kg

6 Dec 2019 12:55 PM IST