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The Board of Vijaya Bank has given its approval to a government proposal of consolidation with Bank of Baroda and Dena Bank as per reports from ANI.

BoB committee to meet next week to consider raising funds

The bank, however, did not elaborate on the quantum of funds it plans to raise.

13 Sept 2019 10:54 AM IST

The Nifty scaled 108.35 points to end the day at 10,491.05 while the Sensex soared 322.65 points to end the day at 34,142.15.

Market opens on a positive note; Yes Bank cracks 4 per cent

The 30-share index pared most gains to trade 9.23 points, or 0.02 per cent, higher at 37,113.51.

13 Sept 2019 10:21 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 rises 26 paise against USD in early trade

At the interbank foreign exchange the rupee opened at 70.94, then gained further ground and touched a high of 70.88.

13 Sept 2019 10:11 AM IST

DHFL is currently classified as stressed account but will slip into becoming a Non-Performing Assets (NPA) by December 31 unless a resolution is found.

DHFL, Altico default on payments

Altico added its total borrowing from banks and financial institutions is Rs 4,361.55 crore as on September 12, 2019.

13 Sept 2019 9:12 AM IST

Reserve Bank of India (RBI)

RBI increases banks' loan exposure limit to single NBFC

RBI increased loan exposure limit of banks to a single NBFC from 15 per cent to 20 per cent.

13 Sept 2019 9:01 AM IST

The Sensex crashed over 505 points to slip below the 38,000-level as rupee woes and global trade war worries spooked investors despite the government announcing a slew of measures to stem a steep fall in the domestic currency.

Nifty likely to see upside bounce from the lows

Sectorally, the top gainers were the BSE Bankex, Capital Goods and Healthcare indices.

13 Sept 2019 2:40 AM IST

Mahindra & Mahindra, Indias biggest utility vehicle maker, on Thursday rolled out a subscription-based service for retail buyers of its personal range of cars to boost sales ahead of festive season and amid worst slowing demand.

Mahindra & Mahindra offers SUVs on subscription

Earlier, Mahindra had also launched leasing scheme, in which one had to make a down payment for leasing a car.

13 Sept 2019 2:37 AM IST

The industrial growth measured by the Index of Industrial Production (IIP) for 2017-18 too decelerated to 4.3 per cent from 4.6 per cent in the previous fiscal. The IIP had grown by 4.4 per cent in March 2017.

Factory data suggests pain points in job generation

A lower growth in consumer durable goods would mean people are postponing their decision to buy relatively big ticket...

13 Sept 2019 2:33 AM IST

The gems and jewellery sector has always been heavily dominated by MSMEs. However, these small and medium-sized players are finding it difficult now to cope up with the challenges in the industry.

Gems and jewellery exports drop 14 per cent

For the five-month period between April and August, exports registered a drop of 8.92 per cent to $15.33 billion.

13 Sept 2019 2:30 AM IST

A clearer picture will emerge later in the month when Society of Indian Automobile Manufacturers or Siam, the apex trade body releases the detailed data.

Dealers body asks Siam to go by retail sales

It has been urged to report monthly sales data based registrations instead of wholesales from factory gate.

13 Sept 2019 2:28 AM IST

A volatile equity market is forcing companies to go slow on initial public offerings (IPOs). The last few months have seen a marked dip the number of public issues hitting the primary market. Even the IPOs that have hit the primary market recently received poor response from the investors in this calendar year.

Primary market sees dip in public issues this year

The number of issues on the main board has nearly halved to 11 IPOs in 2019 so far compared to 21 IPOs hitting the...

13 Sept 2019 2:25 AM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee rises for 6th day, spurts 52 paise to 71.14 vs USD on trade...

Easing crude oil prices and fresh foreign capital inflows provided further support, forex traders said.

12 Sept 2019 8:13 PM IST