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.
It is time for the three finance ministers of the 1990s to reveal the real hero, says T C A Srinavasa-Raghavan.
'Where in the world you get 12.5 per cent return of interest?'
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
While a scheme allowing short-selling of securities is expected to come into force from July, exchanges and depositories are finalising a mechanism for lending and borrowing of securities, without which the scheme cannot be implemented.
Affluence without conscience, haunted homes and heads, a big fat Punjabi wedding and more on OTT this week. Here are Sukanya Verma's 10 recommendations.
The ICC's ban will be effective from the first international series between England and West Indies, starting July 8.
The RBI governor's assurance should give investors enough confidence to start believing in the NBFC sector again, say bankers.
We can expect to see more Chinese wolf warrior diplomats on the prowl, in India's neighbourhood, though its mailed fist is not so visible while dealing with India, observes Colonel R Hariharan (retd).
After the rationalisation and categorisation of mutual fund schemes undertaken by the Sebi in October 2017, overnight funds have emerged as a distinct category.
The cases under scanner include significant loan exposure of the bank to Videocon way back in 2012 and the alleged involvement of the Kochhar family in restructuring of that loan.
Priyadarshini Maji evaluates the impact that payment banks are likely to have on your financial life.
Indian and foreign bankers are expecting the Reserve Bank to raise repo and reverse repo rates by 25 to 50 basis points each.
Climate activist Disha Ravi along with Mumbai lawyer Nikita Jacob and Pune-based engineer Shantanu created the 'toolkit' related to the farmers' agitation and shared it with others to tarnish India's image, the Delhi Police said on Monday.
Consumers can effectively make payments using UPI and other debit cards, credit cards and internet banking across 120 banks and over 120 billers, Xiaomi said.
Reports suggest state-owned banks have lapped up Rs 40,000 crore, so far, using both bonds and equity instruments. The question, though, is whether there will be a perceptional change for PSB stocks.
When taking a loan, it is important to look at various factors, and not just the interest rate, says Tinesh Bhasin.
It has been a decade since Shyam Srinivasan took over as managing director and chief executive officer at Federal Bank. He wants to ramp up the bank's unsecured lending going ahead even as it homes into the space vacated by competition. Reappointed for a fresh three-year term as the bank's helmsman, he spoke to Hamsini Karthik on the plot ahead.
The Delhi Police claimed that Disha Ravi, who was arrested by a Cyber Cell team of the force on Saturday, was an editor of the 'toolkit Google doc' and 'key conspirator' in the document's formulation and dissemination.
While payments banks surely lose money, their operating ratios were looking better in 2017-18 compared to the year before. This implies that as customer volumes start picking up, the business models may perk up too, says R Jagannathan.
RBI sees marginal improvement in economic growth to 5-6%.
The Reserve Bank of India (RBI) on Friday decided to leave the benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance, implying rate cuts in the future if need arises to support the economy hit by the Covid-19 pandemic.
'India resembles not just the more turbulent bits of its own past, but other 'managed' democracies, where all institutional strength and independence have been hollowed out to serve political power,' notes Mihir S Sharma.
The Congress leaders agreed that demonising Prime Minister Narendra Modi was "wrong" and he should be praised for doing the right things.
The agency has registered the FIR after a preliminary enquiry on a complaint from the oil ministry.
Bajaj Finance was the biggest loser in the Sensex pack, tanking up to 8 per cent, followed by Hero MotoCorp, IndusInd Bank, Maruti and HCL Tech. Axis Bank, ITC, NTPC and M&M were among the top gainers.
The RBI's reluctance to cut rates should be seen as a case of inability in the face of inflation.
The reserves rose to $501.70 billion helped by a whopping rise in foreign currency assets, the latest data from the Reserve Bank of India.
During the calendar year up to October 9, foreign institutional investors have lent shares of 224 companies, according to latest data released by the Securities and Exchange Board of India on Friday.
"There is no reason for Indian market to go down just because the eastern markets are down. Nobody should sell in panic," he said.
Indian bankers are fearful that going out of their way to save Jet could lead to subsequent harassment from investigative agencies.
The industry also emphasised on supply-side interventions by the government to tackle persistently high food inflation.
RBI said at the current juncture, the all-out effort is to maintain and sustain, with the hope that when life is secure, resources, energy and time can be marshalled to rebuild and revive.
Demand among several pre-Budget representation by BSE Brokers' forum
The regulator is also planning to widen the ambit of 'deemed fraudulent activities'.
The Opposition on Monday demanded immediate release of all political detainees in Jammu and Kashmir, especially three former chief ministers Farooq Abdullah, Omar Abdullah and Mehbooba Mufti.
RBI cut the repo rate - the rate at which the central bank lends to banks in exchange for government securities for a period ranging from one to three days -by one percentage point after a gap of four years. This move was preceded by RBI reducing the cash reserve ratio - the money that banks keep with central bank - by 250 basis points (one basis point is one-hundredth of a percentage point).
Much depends on how the liquidity situation evolves over the coming months, with greater clarity expected from the next monetary policy meeting scheduled for December 7.
As yields on 10-year government bonds rose from 6.65% in April 2017 to around 7.50% now, liquidity pressures have increased the cost of funds for housing finance companies.
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