The Enforcement Directorate (ED) on Friday summoned former ICICI bank Managing Director and CEO on June 10 in connection with the Rs 1,875 crore Videocon loan case, a official said. The senior ED official told IANS that Kochhar has been summoned to appear ...
The International Monetary Fund (IMF) has raised economic growth forecasts for the US to 2.6 per cent this year and 2 per cent in 2020, compared to 2.3 per cent and 1.9 per cent in April respectively, despite the trade war with China and threats to Mexico....
Paytm Payments Bank has received a target of 501.16 crore digital transactions for the financial year 2019-20 from the Ministry of Electronics and Information Technology (MeitY), higher than the targets set for major banks including HDFC Bank, ICICI Bank and Punjab National Bank....
Such was the smokescreen behind which the IFIN (IL&FS Financial Services) management was operating that the closed user group got away with blue murder. The cornerstone of its architecture was abusive funding to non-group entities. This was done with gay abandon with the management riding roughshod over rules, regulations, filters, best practic...
The Supreme Court on Thursday agreed to hear a petition filed by former Karnataka minister and mining baron Gali Janardhana Reddy seeking its permission to visit Ballari to see his ailing father-in-law. Reddy, who is accused in a multi-crore illegal mining case, is currently out on ...
Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said the RBI will issue a new circular on non-performing assets (NPAs) in three to four days. The circular is likely to set new norms and bring clarity over classification of companies as NPAs. ...
After the Delhi High Court restrained ASUS from using "ZEN", "ZENFONE" and other similar trademarks while selling mobile phones and other products eight weeks after May 28, the Taiwan-based electronics major said that the sale of its existing products remains unchanged....
A Delhi court on Thursday reserved its order on a petition filed by Vinay Kochhar, co-accused in the Indian Railway Catering and Tourism Corporation (IRCTC) hotels maintenance contract case case, seeking the court's permission to travel abroad. The court said it will deliver the order on Friday....
Home and auto loans are set to become cheaper as the Reserve Bank of India (RBI) went for a hat-trick of rate cut on Thursday as it lowered its key lending rate for commercial banks by 25 basis points (bps) to 5.75 per cent. This is the the third reduction in repo rate in 2019. The RBI in April lowered ...
Disappointment over a lower-than-expected lending rate cut by the Reserve Bank of India (RBI) dragged the key indices of the Indian equity market down during Thursday's afternoon session. According to market observers, investors were also rattled by another default ...
