Report holds Hitachi responsible for debit card data theft. When the data theft came to light, Hitachi had denied that its systems were compromised.
Most banks led by the State Bank, have or are going to declare DHFL account as NPA in the third quarter.
The Reserve Bank of India unexpectedly raised its policy interest rate on Tuesday by 25 basis points (bps) but said that if consumer price inflation eases as projected, it does not foresee further near-term tightening.
Banking is a boring business but still the banker should enjoy it as fancy awards and cozy relationships with politicians, Bollywood stars and corporate honchos cannot save them if the job is not done properly. In the concluding part of the series Tamal Bandyopadhyay wonders how long Kochhar would need to wait for her redemption or downfall and atonement.
Valuers have found almost no assets to pay for their claims against the Videocon group that entered the insolvency process in 2018. But the dissenters suggest that the money is elsewhere, possibly in the group's oil and gas assets, which are not part of the group's bankruptcy case.
Yes Bank said it is set to unveil a branch to be operated exclusively by women.
RBI's surprise rate cut has revived sentiments of India Inc.
New Delhi Television Ltd has filed a draft red herring prospectus with Securities Exchange Board of India for its initial public offer of Rs 100 crore (Rs 1 billion).
Experts hail Budget 2015 as a progressive, growth oriented one.
In cutting interest rates and giving a boost to the government's efforts to revive growth, RBI governor Raghuram Rajan displayed the pragmatism and flexibility familiar to those who work with him.
The queries, sent in November, were mainly about Capital Investment Trust, which the I-T department said, was used for the purpose of transferring foreign funds comprising global depository receipts (GDRs) of the value of $400 million to two Indian entities - Reliance Utilities & Power (RUPL) and Reliance Port & Terminal (RPTL), owned by the Ambani family. A show-cause notice issued on March 29 to Ambani's wife Nita, and their three children.
Tax sleuths have detected over Rs 52 crore of unexplained cash in jewellers' bank accounts
RBI awaits fiscal stance, inflation to cool off to decide on rates.
Besides being a successful entrepreneur, he is the world's second youngest writer of books on ethical hacking.
The venue for Saturday's meeting was shifted at the last minute from the headquarters of the India Banks' Association in Cuffe Parade to avoid media glare.
On February 11, 2009, Subhiksha announced that it was closing down all its 1,600 outlets till May 2009.
New Reserve Bank of India chief makes his first monetary policy statement on Friday with expectations he may scale back some of the emergency measures that have helped the rupee bounce from a record low.
In a major step, SBI Capital Markets, India's leading investment banker, has decided to enter commodity broking and expand aggressively its online equity trading to take on competition from ICICI in the sector.
Consolidation is the prime mood of the Indian equity market at the moment.
The recent default on deposit payments by a couple of Yash Birla Group companies has brought to surface difficulties an investor has to face in recovering his money.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy. Here are his replies to some of the 'buy, sell, hold, avoid or exit?' e-mails that we have received.
Malls, retail stores are being hit by online sales and are struggling this festive season.
The NCLT said the new board must hold its meeting by October 8 and come out with a road map before the next hearing on October 31
Finance ministry maintains that all KYC requirements will be followed.
Budget 2015 has blessed the banking sector.
A financial turnaround with the Etihad partnership and debt restructuring has not fully materialised.
The sluggish legal system in India makes it extremely difficult for law-enforcing agencies in the ministry of finance to punish violations of foreign exchange laws. Unfortunately, it is not just FEMA. The Prevention of Money Laundering Act too has significant infirmities, say Paranjoy Guha Thakurta and Pranati Mehra.
IT majors weakened ahead of the September US jobs data and telecom stocks ended lower
Gains in auto shares helped offset losses in select index heavyweights led by Infosys.
This year's investment in equities would be one the highest
The 50-share NSE Nifty was trading lower by 24 points.
73-year-old dies in Mumbai, 75-year-old in Kerala.
RBI said the outlook for economic growth for 2016-17 has turned uncertain after the unexpected loss of momentum by 50 basis points in Q2 and the effects of the withdrawal of banned notes
Markets finished the session on a dismal note with Sensex closing at its lowest level since August 2014.
Modi has been relentless in building his brand regardless of banks having a problem of fraudulent and unauthorised transactions with his companies.
High savings, aggressive asset allocation and a frugal lifestyle can help you hang up your boots a decade early.
Rebound in IT majors TCS and Infosys in late trades helped markets end higher.
A glance back at some of the important ups and down Indian Inc faced in 2018.
Investors also appreciate the role being played by the founders; analysts, too, remain unperturbed.
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