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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)

HDIL promoters, PMC Bank board members charged with money-laundering

Mumbai Police arrested the tow directors at HDIL, Rakesh Wadhawan and Sarang Wadhawan on Thursday.

4 Oct 2019 10:33 AM IST

NSE Nifty reclaimed the 9,900-level and BSE Sensex climbed over 167 points in early trade on Thursday. Photo: PTI

Sensex jumps over 250 points ahead of RBI policy outcome

The Sensex was trading 258.60 points, or 0.68 per cent, higher at 38,365.47.

4 Oct 2019 9:55 AM IST

Nasscom President R Chandrashekhar told PTI in an interview that a new generation of users and new economic strata that are entering the digital space for the first time have necessitated focused campaigns, which promote awareness around online behaviour and threats.

DSAT test for data science skills soon

DSF will be the independent governing body for building, deploying and constantly upgrading this intervention.

4 Oct 2019 2:06 AM IST

Auto stocks are buzzing and are on a path of recovery after the huge price fall, as brokerages and analysts see a pick-up in automobile sales in the second half of the financial year on the back festive season demand and good monsoon rains.

Better days seen for auto in H2

September sales showed a reversal of trend with month-on-month (MoM) sales picking up over August.

4 Oct 2019 1:59 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.

Nifty at its critical support zone of 11200

The market breadth was weak as 962 shares rose and 1,532 shares fell. The Small-Cap Index and Mid-Cap Index lost 0.30...

4 Oct 2019 1:56 AM IST

Market watchers expect the slowdown in consumer goods to worsen further in September quarter from the June quarter levels. Volume growth could be the slowest since Q1FY18.

FMCG Q2 volume growth to be slowest in 2 years

Volume growth could be the slowest since Q1FY18.

4 Oct 2019 1:54 AM IST

Term plans, where you get zilch if you outlive the policy tenure, are finally seeing some traction after insurers have tweaked the plans by adding a return of premium feature.

Term plans find traction with money back feature

Max Life Insurance has seen an increase in TROP sales and over half the customer base now wants to buy term products...

4 Oct 2019 1:48 AM IST

E-commerce companies garnered a gross merchandise value (GMV) of $1.8 billion, or Rs 11,500 crore, in the first three days of the six-day Puja season sales.

E-commerce sales garner Rs 11,500 crore in 3 days

According to the consulting firm, e-commerce is supposed to garner $3.7 billion, or Rs 24,000 crore, during the six-day...

4 Oct 2019 1:45 AM IST

Around 200-300 retail service providers (RSP) registering daily with the Indian Railway IRCTC.

IRCTC IPO huge hit among investors; subscribed 112 times

The Rs 645-crore IPO received bids for 225 crore shares against total issue size of 2 crore scrips, according to the...

3 Oct 2019 7:47 PM IST

The rupee rose sharply against the US dollar while bonds climbed for a second day on hope that the higher than estimated surplus transfer by the central bank to the government would ease fiscal and current account deficit concerns.

Rupee recovers from day's lows, settles 20 paise higher at 70.87

Sustained foreign fund outflows and sell-offs in domestic equities put pressure on the forex market, somewhat capping...

3 Oct 2019 7:28 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)

HDIL directors arrested, assets worth Rs 3,500 crore attached in PMC...

More details awaited.

3 Oct 2019 6:08 PM IST

Reserve Bank of India

RBI likely to cut policy rate on Friday to boost economy

RBI Governor Shaktikanta Das has already hinted further monetary policy easing while space for fiscal space is limited.

3 Oct 2019 5:50 PM IST