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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 slumps as directors face fraud charges

The EOW's report was based on a complaint filed by Religare Finvest Ltd.

27 Sept 2019 12:38 PM IST

Nirmala Sitharaman spoke on the on-going efforts of Indian Government to counter tax avoidance & evasion, finance ministry tweeted.

FM to meet secretaries, financial advisors of key ministries today

The main agenda of this meeting is to discuss measures to revive the economy and push up investments.

27 Sept 2019 11:00 AM IST

Finance Minister Nirmala Sitharaman (Photo: File)

Economic growth to improve in second half of fiscal 2020: Sitharaman

India's economic growth in April-June fell to a six year low of 5 per cent.

27 Sept 2019 10:08 AM IST

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

Market starts on a volatile note on weak global cues

After dropping 175 points in early session, the 30-share index pared all losses to trade 38.89 points, or 0.28 pc,...

27 Sept 2019 9:55 AM 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.

Rupee slips against dollar in opening trade

The rupee moved in a range of 70.93 to 70.89 at the interbank foreign exchange market

27 Sept 2019 9:42 AM IST

Some flavoured e-cigarettes, even in the absence of nicotine, can worsen disease severity. (Photo: ANI)

India faces first court challenges to e-cigarette ban

The Indian government banned the sale, import and manufacture of e-cigarettes this month.

27 Sept 2019 9:17 AM IST

Conscious travellers have thus altered their choice of destination to opt for nature-based, eco-friendly and community-based tourism.

Short trip to small cities is new travel trend

Going by Oyo booking numbers, people are looking for short trips to new places to find balance between work and leisure.

27 Sept 2019 1:36 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 board sacked, withdrawal limit raised

Cash withdrawal limit raised to Rs 10,000.

27 Sept 2019 1:34 AM IST

Included in this festive month calculation is the Puja week, which starts from September 29 and ending by October 4.

Festive season may see Rs 45,000 crore online splurge

The six-day sales around Puja itself could garner sales of $3.7 billion or Rs 24,000 crore.

27 Sept 2019 1:32 AM IST

The XC40 SUV, with the starting price at Rs 39.9 lakh, is currently on sale in India.

Volvo to unveil first EV XC40 SUV in October

The company, famed for its safety, said that it aims to maintain its established reputation for safety with the new...

27 Sept 2019 1:28 AM IST

China has allowed imports of non-basmati rice from India and the first consignment of 100 tonnes will be shipped tomorrow from Nagpur, the commerce ministry said on Thursday.

Basmati rice exports to be muted this year

During the current fiscal, Basmati rice exports realisations stood at Rs 75,589/MT for 4M FY2020, only 2 per cent higher...

27 Sept 2019 1:26 AM IST

The Sensex closed at 39,784 with a gain of 168.62 points or 0.43 per cent while the Nifty-50 closed at 11,922.70 up 52.05 points or 0.44 per cent.

Market may retain positive trend

Broader Nifty-50 Index closed at 11571.20 up 131 points or 1.15 per cent.

27 Sept 2019 1:24 AM IST