Home » Business

Business - Page 261

Bombay high court

Bombay HC seeks RBI reply on PMC Bank crisis

On Monday, when the petition came up for hearing, the bench said it only wanted to know what the RBI was doing in the...

5 Nov 2019 1:17 AM IST

According to JLLs Third Quarter Hotel Momentum India (HMI) report, nine out of top cities witnessed a rise in RevPAR performance during the July-September 2019 period.

GST rate cut boosts hotel industry revenue in September quarter

RevPAR is arrived at by dividing a hotel's total guestroom revenue by the room count and the number of days in the...

5 Nov 2019 1:14 AM IST

Dussehra sales had disappointed the jeweler fraternity. However, they hope to see the latent demand for gold to support Dhanteras sales this time.

Round-tripping finds new routes

Making most of the festive period, the exports of gold and silver articles have seen a sudden five-fold surge.

5 Nov 2019 1:08 AM IST

1,500 points swing was recorded in Sensex before it settled the day at 279.62 points, or 0.75 per cent lower at 36,841.60.

Sensex scales new closing peak; Infosys rallies 3 pc

The 30-share Sensex settled 136.93 points, or 0.34 per cent, higher at 40,301.96.

4 Nov 2019 5:18 PM IST

Indias GDP growth forecast for the current fiscal to 7 per cent from 7.4 per cent.

Muted Diwali demand, GDP growth may fall to 5.8 pc: BofAML

Lack of consumption is seen as one of the key factors pulling down growth.

4 Nov 2019 4:29 PM 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.

Bank credit growth to moderate to 8.5 pc in FY20: Icra

Icra expects year-on-year credit growth to decline to 6.2-6.8 per cent in FY20 from 13.5 per cent in the last financial...

4 Nov 2019 3:35 PM IST

HDFC Bank is Indias second largest private sector bank. (Photo: YouTube)

HDFC Q2 net profit up 76 per cent at Rs 1,749 crore

Total income (standalone) increased to Rs 13,494.12 crore from Rs 11,256.96 crore a year ago.

4 Nov 2019 3:32 PM IST

Dussehra sales had disappointed the jeweler fraternity. However, they hope to see the latent demand for gold to support Dhanteras sales this time.

Gold prices gain Rs 78; silver moves up by Rs 245

Gold is trading at Rs 39,263 per 10 gram in the national capital on Monday due to wedding season demand.

4 Nov 2019 3:24 PM IST

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

What steps taken to help PMC Bank depositors, HC asks RBI

The Enforcement Directorate is investigating the case and has attached the assets of HDIL promoters.

4 Nov 2019 2:43 PM IST

Now, any Indian citizen, resident or non-resident and OCIs are eligible to join the NPS till the age of 65 years.

Atal Pension Yojana has over 1.9 crore subscribers now

The primary reason for the uptick in enrollment was achievement of targets allocated to banks for opening of new APY...

4 Nov 2019 1:53 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.

India's October gold imports drop 33 pc on weak festive demand: source

In value terms, the October imports were at USD 1.84 billion, slightly higher than last year's USD 1.76 billion.

4 Nov 2019 1:46 PM IST

Infosys has said that its Rs 13,000-crore buyback offer will open on November 30 and end on December 14. (Photo: AFP)

India's Infosys says no prima facie evidence on whistleblower...

The letter was in reply to the NSE's request to the company to explain why it had not disclosed the receipt of the...

4 Nov 2019 1:25 PM IST