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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)

RBI raises PMC Bank customers' withdrawal limit to Rs 40,000

With this, about 77 per cent of the depositors will be able to withdraw their entire account balance, said RBI.

14 Oct 2019 7:56 PM IST

HDFC lowers lending rates by 10 bps to 8.25 per cent

The interest rate will range from 8.25 to 8.65 percent depending on the borrower.

14 Oct 2019 7:35 PM IST

IRL is a concept designed by Walmarts tech incubator Store No. 8, which runs several ventures to test new ideas in retail.

Walmart to expand footprint in UP, open 6 new stores

The new stores will be in addition to 4 existing stores the company operates in the state -- two in Agra and one each in...

14 Oct 2019 3:36 PM IST

Adani Infrastructure

Energy giant Total to buy 37 per cent stake in Adani Gas

Total is the third foreign oil major to enter India's gas sector after BP Plc and Shell.

14 Oct 2019 3:29 PM IST

ONGC on Thursday reported a 8.2 per cent drop in its June quarter net profit after sharp reduction in natural gas rates.

ONGC free to sell stake in HPCL: Pradhan

ONGC has only got one member on the board and virtually no say in the management.

14 Oct 2019 2:41 PM IST

Bhushan Steel Ltd, acquired by Tata Steel under corporate resolution process, said today that its board of directors has approved the appointment of T V Narendran as chairman and non-executive additional director of the company.

NCLAT asks ED to release BSPL assets, stays Rs 19,700-cr sale to JSW...

On September 5, NCLT had approved the JSW Steel's Rs 19,700 crore resolution plan for BPSL.

14 Oct 2019 1:13 PM IST

Infosys has increased its revenue growth guidance for FY20 to 8.5-10 per cent in constant currency.

Infosys shares fall over 4 per cent after Q2 earnings

The company's revenue rose by 9.8 per cent to Rs 22,629 crore in the quarter under review from Rs 20,609 crore.

14 Oct 2019 11:18 AM IST

The finance ministry on Friday said a 5 per cent GST will be levied on food and drinks supplied by the Indian Railways or IRCTC in trains, platforms or stations.

IRCTC makes blockbuster debut; zooms over 101 pc in debut trade

The company's market valuation stood at Rs 10,972 crore in morning trade.

14 Oct 2019 10:54 AM IST

Adani Group on Wednesday announced foray into transport infrastructure with a Rs 1,140-crore highway project won by a consortium led by its holding firm in Chhattisgarh from the National Highways Authority of India (NHAI).

Total to buy 37.4 per cent stake in Adani Gas

The announcement comes a year after the two firms announced a 50:50 joint venture to import and retail natural gas.

14 Oct 2019 9:54 AM IST

Maruti Suzuki India (MSI) is quietly gaining presence in the light commercial vehicle (LCV) space with its Super Carry mini-truck registering over ten-fold jump in sales in 2017-18.

Consumer offers at peak, will go down post October: Maruti

We clearly tried to revive the market but we cannot have high level of promotions at all the time, said MSI's Shashank...

13 Oct 2019 3:17 PM IST

Manufacturing sector contracted by 0.4 per cent in November as against a growth of 10.4 per cent a year ago. (Representational image)

Industrial production slips by 1.1 per cent in August

Manufacturing sector contributes over 77 per cent to the IIP, showed a decline of 1.2 per cent in output during August...

12 Oct 2019 1:04 PM IST

The report says online direct-to-consumers (D2C) SMBs are expecting a promising 100 per cent growth as compared to last years festive sales. (Photo: ANI)

E-commerce platforms hope to double sales in festive season

Flipkart has added over 50,000 direct jobs across its supply chain, logistics arm and customer support.

12 Oct 2019 12:59 PM IST