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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.

Lakshmi Vilas Bank drops 5 pc to hit lower circuit

The bank's scrip declined 4.92 per cent to trade at Rs 34.75 apiece in afternoon deals on the BSE.

30 Sept 2019 12:46 PM IST

The company remains confident to be able to monetise some of these assets over the next two quarters and bring down the debt significantly, Reliance Capital said in a filing to stock exchanges. (Photo: Twitter)

Shares of Reliance Capital dip 4.4 pc after stake sale in RNAM

The entire RNAM stake monetisation proceeds will be utilised to reduce Reliance Capital's outstanding debt.

30 Sept 2019 11:22 AM IST

The Indian rupee is totally correlated to the crude prices and as long as the crude remains above $70, the rupee will hold weak.

Rupee slips 7 paise against US dollar in early trade

The rupee opened on a strong note at 70.37 then lost momentum and fell to 70.63 against the US dollar.

30 Sept 2019 10:40 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.

Sensex tumbles over 310 points; Nifty slips below 11,500

Yes Bank, IndusInd Bank, Tata Steel, Sun Pharma, Vedanta and Tata Motors were among the top losers on the Sensex chart.

30 Sept 2019 10:06 AM IST

Retail onion prices are ruling at around Rs 60-80 per kg.

Govt bans onion exports as prices stay elevated

In June, India withdrew 10 per cent export incentives on onions after prices started to rise due to dwindling supplies.

30 Sept 2019 9:41 AM IST

Facts first. Crude oil prices rose 0.61 per cent to Rs 4,157 per barrel in futures trade on July 12 as speculators raised their exposure, tracking a rebound in global markets.

Oil prices climb as positive China factory data eases demand concerns

World's top oil exporter Saudi Arabia has restored capacity to 11.3 million barrels per day.

30 Sept 2019 9:26 AM IST

BHEL has already supplied 225 such IGBT-based traction converters, which are in operation with Indian Railways.

Govt may sell stake in Bhel and other PSUs

Hindustan Copper had recorded a net profit of Rs 145.74 crores in 2018-19, which was a humungous 83 per cent more than...

30 Sept 2019 6:16 AM IST

Retail onion prices are ruling at around Rs 60-80 per kg.

Onion export ban to check price rise

The move comes days after prices of this basic kitchen staple snowballed across India.

30 Sept 2019 6:09 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's HDIL exposure is 73 per cent of loan book, way above RBI...

The admission came in after a board member leaked the actual balance-sheet details to the Reserve Bank, a source in know...

30 Sept 2019 1:48 AM IST

Earlier, Indias spice industry had raised concerns over increase in black pepper imports from Sri Lanka since August despite local prices in the neighbouring country dropping below the MIP set by the Indian government.

Sri Lanka faults India for setting pepper MIP high

Sappta has also questioned the use of Free Trade Agreements if such restrictions prevent exports from their country.

30 Sept 2019 1:41 AM IST

Reserve Bank of India (RBI)

RBI to cut rates again on Friday

However, economists differ on the quantum of the rate cut ranging from 15 basis points to 50 basis points.

30 Sept 2019 1:38 AM IST

DHFL stock plunged more than 3.5 per cent on Tuesday on reports that the MHA had issued a lookout notice against the promoters of the company over non-existent shell companies.

DHFL lenders led by SBI expected to complete debt resolution plan...

DHFL said, the company, in the past 12 months has repaid obligations of nearly Rs 45,000 crore.

29 Sept 2019 6:14 PM IST