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The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

IDBI Bank cuts MCLR by 5-10 bps across various tenors

The lender has reduced its one-year MCLR or the minimum lending rate to 8.95 per cent.

12 Jun 2019 3:39 PM IST

Data analytics major SAS has created a new division to help organisations fight frauds and cyber crimes.

Over Rs 2.05 lakh cr frauds in 11 years: ICICI Bank, SBI and HDFC...

SBI reported 6,793 fraud cases involving Rs 23,734.74 crore followed by HDFC which recorded 2,497 cases involving Rs...

12 Jun 2019 3:12 PM IST

InVIT will acquire 100 per cent equity interest in Pipeline Infrastructure Pvt Ltd, owner and operators of the pipeline that transports Reliance Industries Ltds eastern offshore KG-D6 gas to customers, according to a statement issued by RIL.

Reliance, BP to develop deepest gas discovery in KG-D6 block by 2022

These projects together, when fully developed, will bring about 1 billion cubic feet a day of new domestic gas onstream.

12 Jun 2019 1:53 PM IST

Union Minister Santosh Gangwars statement comes amid an outrage over Kathua and Unnao rape cases that have taken the country by a storm. (Photo: ANI/Twitter)

Government planning new labour legislation by merging 44 laws under 4...

The proposed new labour law will help investors and is expected to accelerate growth, said an official.

12 Jun 2019 1:38 PM IST

Paytm has revamped its app to make it even more user friendly and intuitive.

Paytm to invest Rs 250 crore to expand Paytm QR

Paytm expects to reach more than 20 million merchants across India by the end of this fiscal.

12 Jun 2019 12:38 PM IST

Mindtree offers Smart Alert Management and Smart Reconciliation Management.

Mindtree independent directors say L&T's offer price at Rs 980/share...

Mindtree shares closed at Rs 975.50 a piece on NSE and Rs 974.65 a share on BSE.

12 Jun 2019 12:22 PM IST

Reliance Home Finance (RHFL), a subsidiary of Reliance Capital, has entered into exclusive discussions with an overseas institutional investor for a potential equity investment into the company. (Photo: Facebook)

PWC resigns as statutory auditor of Reliance Capital and Reliance Home...

Both Reliance Capital and Reliance Home Finance said they do not agree with the reasons given by PWC.

12 Jun 2019 11:55 AM IST

Indiabulls Real Estate posted a 95 per cent decline in its consolidated net profit at Rs 108.56 crore for the fourth quarter of the last fiscal as against Rs 2,181.13 crore in the year-ago period, according to a regulatory filing.

Indiabulls moves SC for listing of plea against it alleging...

Indiabulls Housing Finance Ltd has incurred loss of around Rs 7,000 crore of its market share.

12 Jun 2019 11:46 AM IST

Indian Oil Corp (IOC) bagged three fields, the same number as new entrant PFH Oil and Gas Pvt Ltd got.

Indian Oil issues tender for short-term lease of LNG storage tank

The terminal worth 51.5 billion rupees is India's fifth, and the first to be located on the east coast in south India.

12 Jun 2019 10:25 AM IST

Baba Ramdev promoting Patanjali Chyawanpras

Dash for growth at yoga guru Baba Ramdev's company Patanjali leads to...

The company says its rapid expansion did bring some teething problems, but that they had been overcome.

12 Jun 2019 9:10 AM IST

Shares of DHFL were up 4.5 per cent at 128.80 rupees.

DHFL makes Rs 962 crore payment towards NCDs, to seek ratings upgrade

The company has made interest payments in lieu of Rs 961.95 crores as committed to its debenture holders.

12 Jun 2019 8:58 AM IST

Natarajan Chandrasekaran is one of the groups most highly regarded executives and the man behind its best-performing unit. (Photo: PTI)

N Chandrasekaran says Tata Global needs a large portfolio

In the FMCG segment, we need a large portfolio. We cannot just be a single tea player and depend on it to attain scale.

12 Jun 2019 2:34 AM IST