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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.

India probes Lakshmi Vilas Bank directors for alleged fraud

Religare Finvest has accused Lakshmi Vilas of misappropriating 7.9 billion rupees it kept with the bank as a fixed...

28 Sept 2019 10:41 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.

Plea for probe into alleged misappropriation of funds by Indiabulls,...

A bench of Chief Justice D N Patel and Justice C Hari Shankar issued notice to the Centre, RBI and Indiabulls.

27 Sept 2019 3:29 PM IST

Indian globetrotters are also not afraid to explore far-off destinations across Europe, the Americas and other continents.

Over 50 pc Indians now use cards on international travels: NiYO

The survey also revealed that Indian outbound tourists spent maximum on shopping duty-free goods, electronics and...

27 Sept 2019 1:57 PM IST

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

The investment in Pittsburg-based Argo AI, founded by former executives on self-driving teams at Google and Uber, will make Ford the companys largest shareholder.

Ford to end independent operations in India, Mahindra to lead the JV:...

The two companies have for months been structuring the deal to create a new entity in which Ford will hold a 49 per cent...

26 Sept 2019 3:11 PM 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 has enough liquidity, depositors' money fully safe, claims...

RBI has capped cash withdrawal at Rs 1,000 per customer during this period and banned the bank from any fresh lending.

26 Sept 2019 12:49 PM IST

File photo of a Jet Airways flight.

NCLAT allows Dutch court administrator to attend Jet Airways CoC...

One of the Jet Airways aircraft, parked in the Schiphol Airport in Amsterdam, has already been seized.

26 Sept 2019 12:30 PM IST

Thousands of depositors across various branches stood outside demanding answers on their life savings. (Photo: PTI)

Depositors protest as curbs put on Indian co-operative bank

The central bank and barred from renewing, or granting any loans, or making investments.

26 Sept 2019 10:00 AM IST

Shares of Indian Bank were trading 9.59 per cent up at Rs 312.50 on BSE.

Indian Bank to link retail, MSME loans to RBI's repo rate from Oct 1

The RBI has mandated all banks to link their loans with external benchmarks, such as repo

26 Sept 2019 9:08 AM IST

The platform is aiming to reverse the industry slowdown by integrating automakers with the ripe digital market of India and converting the non-intenders through a tech revolution.

Zoomcar set to revive auto industry with car subscription model

Zoomcar can help revitalise the demand by familiarising new-age consumers with hassle-free car ownership.

26 Sept 2019 8:58 AM IST

Pravin will be responsible for leading sales across the local and global market respectively.

ePaisa strengthens leadership and business growth with new...

Pravin comes with a great experience of over 20 years in Digital Product Transformation, Business growth and leadership...

26 Sept 2019 8:44 AM IST

Uber France is facing criminal proceedings in a court in the northern French city of Lille for its UberPop service.

Uber to offer accident insurance to riders

Riders will be insured for up to Rs 5 lakh in case of accidental death or disability and up to Rs 2 lakh for...

25 Sept 2019 6:55 PM IST