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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)

PMC Bank crisis: It's time to massively increase depositor insurance

The PMC crisis has brought to the fore the need to increase the deposit insurance coverage provided by the DICGC.

8 Oct 2019 5:32 PM IST

Amazon has told companies to make packaging for thousands of larger products more compact and easier to open by August 1. (Photo: ANI)

Amazon launches bigger local online store in Singapore

Amazon also said it will allow small and medium-sized businesses to offer their products to online shoppers with...

8 Oct 2019 12:45 PM IST

Maruti Suzuki India (MSI) is quietly gaining presence in the light commercial vehicle (LCV) space with its Super Carry mini-truck registering over ten-fold jump in sales in 2017-18.

Maruti cuts production for 8th straight month in September

Company produced a total of 1,32,199 units in September as against 1,60,219 units in the year-ago month.

8 Oct 2019 12:28 PM IST

InVIT will acquire 100 per cent equity interest in Pipeline Infrastructure Pvt Ltd, owner and operators of the pipeline that transports Reliance Industries Ltds eastern offshore KG-D6 gas to customers, according to a statement issued by RIL.

SC declines Oil Min request to stay sharing of documents on Reliance...

Reliance holds 66.6 per cent interest in block KG-DWN-98/3 or KG-D6 in the Bay of Bengal.

8 Oct 2019 12:23 PM IST

About 25 per cent of the respondents indicated that transactions made through demand draft are more vulnerable from a money laundering perspective.

Govt sets up high-level panel to check money laundering activities

The committee would work towards policy cooperation and coordination across all relevant or competent authorities.

8 Oct 2019 12:07 PM IST

As autonomous car technology develops, Sohn said Samsung was working with automobile companies on development of 5G networks, needed for autonomous driving. (Photo: AP)

Samsung heir likely to make investment announcement in India

The electronics major expects to clock a business of around Rs 3,000 crore from sale of over 20 lakh mobile phones...

8 Oct 2019 12:00 PM IST

Ratan Tata had launched Tata Nano when he was Tata Group chairman in Gujarats Sanand district. (Photo:File/AP)

No Tata Nano production in first 9 months of 2019, just 1 unit sold

Tata had admitted that the company made the mistake of promoting the Nano as 'the cheapest car'.

8 Oct 2019 11:54 AM IST

The Collection comes with an unquestionable guarantee of 3 years warranty in case of mechanical failure due to faulty materials or craftsmanship.

Intellio launches new limited edition writing instrument

Intellio's FDR collection offers an authentic Made in Germany' experience using the most advanced inks alongside...

8 Oct 2019 11:49 AM IST

The Nifty claiming 11,l883 and Sensex 39571 marked the day with all the bullishness summoned up from yesterdays gains but selling emerged at higher levels.

Bears obstruct bullish momentum

The broader markets also fell with BSE Small Cap Index down 0.75 per cent while BSE Mid-Cap Index fell 0.25 per cent.

8 Oct 2019 1:41 AM IST

Reliance Mutual Fund is now Nippon India Mutual Fund with Nippon Life Insurance as its new promoter with 75 per cent stake.

Reliance MF is now Nippon India MF

Nippon Life Insurance, a 130-yr-old financial services conglomerate with significant global presence has over $700...

8 Oct 2019 1:38 AM IST

BMW, Indian second biggest German luxury car maker, on Monday introduced the BMW M5 Competition sedan priced at Rs 1.55 crore to boost sales and to take on the likes of Audi RS7 and Mercedes E63 S AMG in worlds fourth largest auto market.

BMW M5 Competition launched at Rs 1.55 crore

M-specific twin exhaust and M5 Competition badging are also part of the package.

8 Oct 2019 1:35 AM IST

The Budget has given priority to agriculture, MSME, NBFC, infrastructure and affordable housing. Reviving business confidence, private capex recovery, manufacturing, have got lower attention.

NBFC Q2 preview: Pessimism abound

The RBI and the government have announced several measures to boost liquidity for NBFCs.

8 Oct 2019 1:30 AM IST