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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)

HDIL directors arrested, assets worth Rs 3,500 crore attached in PMC...

More details awaited.

3 Oct 2019 6:08 PM IST

Former IPL Chairman Lalit Modi. (File photo)

India seeks banking details of Lalit Modi, wife Minal from Switzerland

Former IPL chief Lalit Modi, who is said to have left India for London in 2010, is already facing a money laundering...

3 Oct 2019 5:11 PM IST

Interestingly, the CBDT chiefs move to make officers comply by seeking a compliance report every three months gives room for hope for justice for the taxpayer.

Cos opting for new lower tax can't claim MAT credit, other deductions:...

The section does not provide any timeline for companies to opt for the new regime of lower tax rate.

3 Oct 2019 9:18 AM IST

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

Yes Bank blames forced stake sale for stock crash

The bank has sizable exposure to cash-strapped NBFCs, which has created a fear among investors.

3 Oct 2019 1:23 AM IST

Water supply to industries in MIDC area cut off.

Amid floods, Latur stares at drought

However, rains in East and Northeast and Northwest India were deficient at 12 per cent and 2 per cent, respectively.

3 Oct 2019 1:22 AM IST

The rupee may trade in Rs 68.50-70.50/$1 range in the week to May 24 compared to Rs 69.80-70.92/$1 range in the previous week, a poll of 12 foreign exchange dealers showed on Monday.

Banks to hold loan fairs across 250 districts from Thursday

SBI is the lead banker in 48 districts across the country. Likewise, BoB is the lead banker in 17 out of 250 districts...

2 Oct 2019 5:04 PM IST

WhatsApp has closed the loophole that affected Android, iOS, Windows, and Tizen.

TRAI to take more time on OTT norms; lawful interception, security...

Skype, Viber, WhatsApp and Hike are some of the popular and widely-used OTT services.

2 Oct 2019 3:40 PM IST

Isuzu specialises in making diesel engines, and this shows in the MU-Xs powertrain for its 3.0-litre oil burner.

Isuzu combines cafe and showroom

The Isuzu brand showroom is a place for conversation and designed to rejuvenate those who need to break away from their...

2 Oct 2019 2:03 AM IST

The argument put forward by the leaders of the BJP and others was that India did not depend on exports for its economic growth, and that the huge domestic market and the consumption it entailed was good enough to keep the economy in shape and the global developments were marginal. (Representational image)

Downgrades rise for firms in H1: Raters

Declining profitability and stretch in working capital cycles also were reasons for the downgrades.

2 Oct 2019 1:57 AM IST

Paytm Mall is giving top players like Amazon and Flipkart a run for their money with its 100 per cent cashback policy. Photo: Twitter| @PaytmMall

Rajasthan HC issues notices to Amazon and Flipkart

The court will hear the case on October 15 and by then all the parties will have to submit reply of the notice.

2 Oct 2019 1:47 AM IST

A top IRDAI source told Financial Chronicle that the meeting was held in Hyderabad on February 19 and it was attended by 26 chairmen of both life and non-life insurance companies.

Travel insurance cover can't be default option: Regulator

The move aims at checking mis-selling of travel insurance through online ticket booking portals and apps.

2 Oct 2019 1:38 AM IST

Prior to its official unveiling earlier on this year, the Samsung Galaxy Fold was one of the brands best kept secrets as no leaks appeared.

Samsung to bring Galaxy Fold to Indian market later this month for Rs...

With Galaxy Fold, we are redefining the mobile phone category, this is device like no other, said Samsung's Ranjivjit...

1 Oct 2019 4:45 PM IST