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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)

SC dismisses plea by PMC account holders over cash withdrawals

Govt is aware of the seriousness of the situation and the ED is taking appropriate action against the culprit.

18 Oct 2019 11:49 AM IST

Insurance penetration in the country was 3.4 per cent in 2015 against the world average of 6.2 per cent.

Two-wheeler Insurance: Know the nuts and bolts

In India it is mandatory to buy third-party two-wheeler insurance for all bike and scooter owners.

18 Oct 2019 11:39 AM IST

The industry estimates suggest that festive sales account for around 20-30 per cent of annual revenue for apparel and lifestyle brands. (Representational image)

5 platforms enabling you to save more while you engross in your...

As the festive season is at its peak, everyone is busy shopping for Diwali and ticking off the things from their wish...

18 Oct 2019 11:15 AM IST

Company will touch USD 450,000 in revenue this year and are witnessing a 20 per cent growth rate on a MoM basis.

Legalkart raises 3.5 crore in seed round from angel investors

LegalKart has already on-boarded 2,500 lawyers within a short duration of 8 months.

18 Oct 2019 11:11 AM IST

While the traditional gifting options include clothes, jewellery and sweets, gadgets also make an ideal Diwali gift.

Trends that will make this Diwali exciting

. Let us peek into some of the not-to-miss Diwali trends that will make the fest a delightful experience for all.

18 Oct 2019 10:51 AM IST

On the domestic front, Air India is introducing new flights on BhopalPuneBhopal route and Varanasi-Chennai-Varanasi from June 5, 2019.

Oil companies defer decision to suspend fuel supplies to Air India

IOC, HPCL and BPCL had earlier this month threatened to snap aviation turbine fuel supplies to Air India.

18 Oct 2019 10:44 AM IST

The Indian rupee is totally correlated to the crude prices and as long as the crude remains above $70, the rupee will hold weak.

Rupee slips marginally in opening deals

After opening on a flat note, the rupee lost some ground as the morning trade progressed.

18 Oct 2019 10:13 AM IST

The Sensex closed at 39,784 with a gain of 168.62 points or 0.43 per cent while the Nifty-50 closed at 11,922.70 up 52.05 points or 0.44 per cent.

Sensex rises over 100 points; HDFC Bank, RIL lead gains

The 30-share index was trading 122.21 points, or 0.31 per cent, higher at 39,174.27.

18 Oct 2019 10:08 AM IST

Saudi Aramco will take full ownership and integrate the refinery into its growing downstream portfolio.

Saudi Arabia plans bumper Aramco IPO, relying on easy loans and rich...

The IPO will be a gift from the government to the Saudi people and they will want as many of them as possible to take...

18 Oct 2019 9:09 AM IST

Mortgage lender Dewan Housing Finance Ltd (DHFL) on Tuesday said that it has cleared interest of Rs 961 crore due on non-convertible debentures (NCDs) and would be seeking a rating upgrade from agencies.

DHFL reports USD 29 million loss in June quarter

The Company is undergoing substantial financial stress since (the) second half of the previous financial year.

18 Oct 2019 8:58 AM IST

LICs stake went up in seven Sensex companies during Q4. They are: Bajaj Auto; Mahindra & Mahindra; Kotak Mahindra Bank; HDFC Bank; ONGC; Coal India; and ITC.

Markets cheer Brexit deal, FPIs buying

Broader market indices outperformed with BSE Mid Cap index and the Small Cap index gaining 1.77 per cent and 0.89 per...

18 Oct 2019 2:29 AM IST

A term plan is typically a pure insurance plan with no investment benefits, surrender value, or maturity benefit.

Centre plans new FRDI Bill, hike in deposit insurance

The source further said DICGC has proposed to hike deposit insurance to Rs 3 lakh from Rs 1 lakh, depending upon the...

18 Oct 2019 2:26 AM IST