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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)

RBI raises PMC Bank customers' withdrawal limit to Rs 40,000

With this, about 77 per cent of the depositors will be able to withdraw their entire account balance, said RBI.

14 Oct 2019 7:56 PM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee drops 21 paise to 3-week low on fading US-China deal optimism

Weak Chinese trade data also weighed on the domestic currency, analysts said.

14 Oct 2019 7:43 PM IST

HDFC lowers lending rates by 10 bps to 8.25 per cent

The interest rate will range from 8.25 to 8.65 percent depending on the borrower.

14 Oct 2019 7:35 PM 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.

Sensex pares gains, ends 87 points higher; Nifty closes at 11,330

During the day, the index hit a high and low of 38,513.69 and 38,066.13.

14 Oct 2019 4:09 PM IST

IRL is a concept designed by Walmarts tech incubator Store No. 8, which runs several ventures to test new ideas in retail.

Walmart to expand footprint in UP, open 6 new stores

The new stores will be in addition to 4 existing stores the company operates in the state -- two in Agra and one each in...

14 Oct 2019 3:36 PM IST

Adani Infrastructure

Energy giant Total to buy 37 per cent stake in Adani Gas

Total is the third foreign oil major to enter India's gas sector after BP Plc and Shell.

14 Oct 2019 3:29 PM IST

Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)

Over Rs 81,700 cr disbursed by banks during 9-day loan mela: FinMin

FM said that banks have been asked to provide bill discounting facility to the MSME sector against payments due from the...

14 Oct 2019 2:45 PM IST

ONGC on Thursday reported a 8.2 per cent drop in its June quarter net profit after sharp reduction in natural gas rates.

ONGC free to sell stake in HPCL: Pradhan

ONGC has only got one member on the board and virtually no say in the management.

14 Oct 2019 2:41 PM IST

Bhushan Steel Ltd, acquired by Tata Steel under corporate resolution process, said today that its board of directors has approved the appointment of T V Narendran as chairman and non-executive additional director of the company.

NCLAT asks ED to release BSPL assets, stays Rs 19,700-cr sale to JSW...

On September 5, NCLT had approved the JSW Steel's Rs 19,700 crore resolution plan for BPSL.

14 Oct 2019 1:13 PM IST

WPI inflation, which reflects the annual rate of price rise, has risen for the second straight month, notwithstanding the cash crunch following demonetisation.

WPI inflation eases to 0.33 per cent in September

The annual rate of inflation, based on monthly wholesale price index was at 5.22 per cent in September 2018.

14 Oct 2019 12:50 PM IST

Foreign portfolio investors (FPI) have pulled out more than Rs 7,300 crore from the equity markets in August.

FPIs pull out over Rs 6,200 crore in October so far

Foreign investors pulled out a net amount of Rs 4,955.2 crore from the equities and Rs 1,261.9 from the debt segment.

14 Oct 2019 11:52 AM IST

Infosys has increased its revenue growth guidance for FY20 to 8.5-10 per cent in constant currency.

Infosys shares fall over 4 per cent after Q2 earnings

The company's revenue rose by 9.8 per cent to Rs 22,629 crore in the quarter under review from Rs 20,609 crore.

14 Oct 2019 11:18 AM IST