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

Business

Rupee settles flat as US-China trade talks kept investors edgy

The rupee finally settled at 71.07, unchanged from its previous close.

10 Oct 2019 6:50 PM IST

Early this year, Lakshmi Vilas Bank had announced its merger with Indiabulls Housing Finance Ltd in a share-swap deal with an intent to create a combined entity with larger capital base and wider geographical reach.

Business

Merger failure: Lakshmi Vilas Bank confident of raising capital

LVB is under the prompt corrective action framework of RBI since last month for low levels of capital buffers.

10 Oct 2019 5:24 PM IST

Gold was available for $2 premium over and above the landed rate 15 days back. After the steep rise, it is now available for a discount of $14 per ounce, said Suresh Hundia, former President of the Bombay Bullion Association.

Business

Gold prices remain unchanged; silver marginally down

Silver was trading marginally lower by Rs 24 at Rs 47,120 per kilogram as compared with its previous closing at Rs...

10 Oct 2019 5:16 PM IST

Benchmark Sensex surged 577 points to end at 33,597 on Thursday.

Business

Sensex plunges 297 points; IndusInd Bank tanks 6.15 per cent

The broader NSE Nifty fell 78.75 points, or 0.70 per cent, to close at 11,234.55.

10 Oct 2019 4:07 PM IST

Inflation in onion continued to rule high at 42.22 per cent and in potato at 43.25 per cent.

Business

Inflation increased in September but won't 'bring tears' to RBI:...

If the consensus is right, inflation will come in below the RBI's medium-term target for 14 months in a row.

10 Oct 2019 3:31 PM IST

They will discuss legislative steps needed to prevent such incidents from happening and empower the regulator better, FM Nirmala Sitharaman said. (Photo: ANI)

Business

PMC Bank: Sitharaman faces protesters; promises legislation

The depositors had gathered outside the BJP's office here ahead of FM Nirmala Sitharaman's scheduled press interaction.

10 Oct 2019 3:00 PM IST

The police arrested chief executive and an executive director of state-run Bank of Maharashtra on Wednesday, accusing them of misusing their authority in making loans to a property developer.

Business

Bank of Maharashtra cuts MCLR by 0.10 per cent

Base rate has been kept unchanged at 9.50 per cent per annum.

10 Oct 2019 1:35 PM IST

Shares of DHFL were up 4.5 per cent at 128.80 rupees.

Business

DHFL shares hit lower circuit as Edelweiss moves HC for recovery of...

DHFL, which has been severely impacted by the NBFC crisis which unfolded late last year following the IL&FS bankruptcy

10 Oct 2019 1:01 PM IST

$Seen in the photo from L R: Mr. Vidyadhar V. Anaskar Chairman and Mr. Ramakant U.Khetan Vice Chairman of The Maharashtra Urban Co-op Banks Federation Ltd. presenting the \Sarvotkrustha Bank Puraskar-2019\ to Mr. C. R. Mulky M.D & C.E.O, Mr. Vidyanand S. Karkera - M.D & C.E.O (Designate) and Mr. Dinesh B. Salian Jt. M.D of Bharat Co-operative Bank (Mumbai) Ltd (Bharat Bank).$ Business