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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)

PMC Bank created over 21,000 fake accounts to hide loans: complaint

The RBI has barred the bank from renewing or granting any loans or making investments without prior approval of the...

2 Oct 2019 9:16 AM IST

E-Commerce platforms helping Indian sellers.

New customers from smaller cities come to e-tailers rescue

The number of transacting customers from tier 2 and beyond doubled on day 1 over The Big Billion Days of 2018.

2 Oct 2019 1:42 AM IST

The integration between Ford and Amazon is official and will be rolling out in the weeks to come.

Ford forms joint venture with Mahindra for India business

The two companies have for months been negotiating the deal, which will see Ford hold a 49 per cent stake in the new...

1 Oct 2019 6:04 PM IST

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

No exposure to HDIL, PMC Bank, says DHFL

DHFL does not have any exposure to either of them, DHFL said in a regulatory filing.

1 Oct 2019 5:40 PM IST

Global rating agency Moodys Investors Service on Tuesday placed Yes Banks foreign currency issuer rating of Ba1 under review for downgrade.

Rana Kapoor, his two entities sell 2.16 pc stake in Yes Bank for Rs...

YES Capital said the proceeds would go to Franklin Templeton Asset Management, with whom its shareholding of YES Bank...

1 Oct 2019 4:10 PM IST

On Monday Hinduja Group flagship Ashok Leyland, Indias third biggest commercial vehicle maker, said it will observe a total of 59 non-working days in five plants this month.

Ashok Leyland sales dips 55 per cent in Sep at 8,780 units

The company had sold a total of 19,374 units in the same month last year, Ashok Leyland said in a regulatory filing.

1 Oct 2019 12:57 PM IST

With this investment, Singtels total stake (along with its affiliates) in Bharti Telecom will increase to 48.90 per cent. Singtel currently holds 47.17 per cent stake in Bharti Telecom. This will lead to an increase of Singtel economic interest in Bharti Airtel by 0.9 percentage points to 39.5 per cent. (Photo: PTI)

Bharti Airtel plans to raise up to USD 1 billion; subsidiary Network...

Bharti Airtel has appointed a clutch of bankers including BofA Merrill Lynch, Barclays among others as joint...

1 Oct 2019 12:34 PM 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.

Maruti Suzuki reports 24 per cent dip in sales at 1,22,640 units in...

The company had sold 1,62,290 units in September last year, MSI said in a statement.

1 Oct 2019 12:09 PM IST

Bajaj Auto said its total commercial vehicle sales during the month under review stood at 28,555 units

Bajaj Auto total sales down 20 per cent at 4,02,035 units in September

The company had sold 5,02,009 units in the same month a year ago.

1 Oct 2019 11:07 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)

Before RBI clampdown, PMC Bank saw huge cash withdrawals from big...

RBI has put on PMC strict restrictions including limiting withdrawals at Rs 10,000 and banning it from lending for next...

1 Oct 2019 9:42 AM IST

The Department of Telecom (DoT) is likely to approve on Monday the merger of Vodafone India and Idea Cellular that will create the countrys largest mobile service operator with proposed name of Vodafone Idea Ltd.

Vodafone top brass meets telecom secy, seeks 2-yr delay on deferred...

Kumar Mangalam Birla, head of Vodafone Idea, had sent an SOS to the government earlier also for deferring statutory...

30 Sept 2019 8:22 PM 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 IPO subscribed 81 per cent on opening day of bidding

IRCTC's public offer to raise about Rs 645 crore received bids for 1.63 crore shares as against the total issue size of...

30 Sept 2019 7:17 PM IST