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Global rating agency Moodys Investors Service on Tuesday placed Yes Banks foreign currency issuer rating of Ba1 under review for downgrade.

Yes Bank blames forced stake sale for stock crash

The bank has sizable exposure to cash-strapped NBFCs, which has created a fear among investors.

3 Oct 2019 1:23 AM IST

Water supply to industries in MIDC area cut off.

Amid floods, Latur stares at drought

However, rains in East and Northeast and Northwest India were deficient at 12 per cent and 2 per cent, respectively.

3 Oct 2019 1:22 AM IST

Krishnamurthy Subramanian

Corporate tax cut is a signal to structural reforms: CEA

I would say that this is the time where we need to focus on implementing structural reforms, said CEA K V Subramanian.

2 Oct 2019 6:36 PM IST

These chargers would facilitate electric car users to charge their cars (battery electric vehicles such as the Mahindra e2o, Nissan Leaf, etc) at any time safely and conveniently. The chargers can also monitor the car battery charging status and units consumed while charging a car.

India has potential to become one of the largest electric vehicles...

Considering the strong governmental push towards EVs, India has a huge potential to become one of the largest EV...

2 Oct 2019 6:20 PM IST

The rupee may trade in Rs 68.50-70.50/$1 range in the week to May 24 compared to Rs 69.80-70.92/$1 range in the previous week, a poll of 12 foreign exchange dealers showed on Monday.

Banks to hold loan fairs across 250 districts from Thursday

SBI is the lead banker in 48 districts across the country. Likewise, BoB is the lead banker in 17 out of 250 districts...

2 Oct 2019 5:04 PM IST

The Finance Ministry may come out with a Rs 10,000-crore follow-on fund offer of the Bharat-22 exchange traded fund (ETF) as it looks to dilute stake in Coal India to meet the minimum public holding norm.

Bharat-22 ETF's 4th tranche to open on Thursday; govt expects to raise...

Proceeds from the ETF will help the government meet its disinvestment target of Rs 1.05 lakh crore for the current...

2 Oct 2019 4:40 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)

PMC Bank case: ICAI to check role of auditors

ICAI on Wednesday said it has triggered its disciplinary mechanism and has written to the bank as well as regulatory...

2 Oct 2019 3:56 PM IST

WhatsApp has closed the loophole that affected Android, iOS, Windows, and Tizen.

TRAI to take more time on OTT norms; lawful interception, security...

Skype, Viber, WhatsApp and Hike are some of the popular and widely-used OTT services.

2 Oct 2019 3:40 PM IST

The RBI has asked Axis Banks board to re-consider the decision to re-appoint Shikha Sharma as its MD and CEO for a fourth term.

India central bank set to cut rates again as fiscal measures fail to...

With current inflation remaining benign, we expect RBI to opt for a 40 bps rate cut, said Yes Bank's Yuvika Oberoi.

2 Oct 2019 2:41 PM IST

The Nirav Modi fraud-hit Punjab National Bank (PNB) led the pack with the largest amount of NPAs worth Rs 86,620 crore during 2017-18.

34 functional teams to smoothen merger of UBI, PNB, OBC

Merger will make the new entity the second-largest bank in the country after the SBI with a total business volume of Rs...

2 Oct 2019 12:13 PM IST

Parle, founded in 1929, employs about 100,000 people, including direct and contract workers across 10 company-owned facilities and 125 contract manufacturing plants.

Parle seeks to be on a roll with Rol a Cola comeback, eyes Rs 100 cr...

Company is looking at sales of around Rs 50-60 crore during the remaining part of the ongoing fiscal.

2 Oct 2019 11:50 AM 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)

PMC Bank created over 21,000 fake accounts to hide loans: complaint

The RBI has barred the bank from renewing or granting any loans or making investments without prior approval of the...

2 Oct 2019 9:16 AM IST