IndusInd Bank acquires 7.82% stake in Eveready by invoking pledged shares
The bank also informed about acquiring 7.5 per cent (78,32,253 shares) in tea firm McLeod Russel India Ltd by invoking pledged shares following default by the borrower.
World Bank refuses to mediate on water dispute between India & Pakistan
Upon completion of his five-year term, World Bank’s former Country Director of Pakistan Patchamuthu Illangovan said Islamabad had made a request for appointment of a COA while India had sought a neutral expert to resolve their dispute on two hydroelectric projects.
US stimulus, macros cues among eight factors likely to drive market next week
Domestic retail and wholesale inflation data for July and factory output print for June will be out during the week. Rising US-China tension can also emerge a market mover.
Dynamic route maps & latest CCTV cameras: Delhi's old metro trains to get a technical touch-up
Delhi Metro is refurbishing its oldest trains with new upgrades. Nearly two decades old, the first train sets that were built in South Korea will now feature stretched LCD screens with dynamic route maps, sockets and USB ports for laptop and phone charging, state-of-the-art CCTV cameras and fire and smoke detection system monitored from the driver’s cabin through touch screens.
Inflation is coming, and big tech won't protect you
Now we live in extraordinary times that demand a reshuffle. Swapping out some bonds for gold and some U.S. technology stocks for Chinese ones could offer a better hedge: Both can be considered credit default swaps against President Donald Trump’s chaotic policymaking.
DCB Bank Q1 results: Profit down 2.5% to Rs 79 cr
During the quarter under review, the bank made an overall provision of Rs 85 crore, it said in a release. Of this, Rs 32 crore was additional COVID-19 provision while Rs 13 crore was regular NPA provision.
Gurugram: Call centre dupes 30,000 Americans in three weeks by posting malware links
The Sohna Road call centre underscores the law and order challenge cyber police still face in the national capital region, which has been on the radar of international law enforcement agencies, including America’s FBI, since a large number of crook calls were traced to cities around Delhi, particularly Gurgaon and Noida. Over the past couple of years, several large call centres, primarily targeting American citizens, have been busted.
PMC bank fraud: JJ Hospital directed to give copy of medical records to Rakesh Wadhawan
A division bench of Justices R D Dhanuka and V G Bisht on Friday also directed a special court set under the Prevention of Money Laundering Act (PMLA) to hear and decide before August 19 an application filed before it by Wadhawan seeking to be shifted to a private hospital for medical treatment.
Punjab & Sind Bank Q1 net loss widens to Rs 117 crore on mounting bad loans
Headquartered lender had reported a net loss of Rs 30.28 crore during the same quarter a year ago. Sequentially, it had registered a net loss of Rs 236.30 crore in the fourth quarter last fiscal.
SBI chief, three MDs asked to interview for bank's top job; signs point to Rajnish extension
While it would appear to be unprecedented for a chairman to be part of a panel to be interviewed for the position he already holds, it may, according to people familiar with the situation, send a message that the government prefers tried and tested hands in key positions instead of risking a new leader at a time when the financial system is facing unprecedented crises.
Increase in gold loan LTV will heighten credit risks for banks: Report
The RBI had on Thursday increased the LTV ratio for gold loans by banks to 90 per cent from the earlier 75 per cent, in a bid to make money available to people affected by the coronavirus pandemic.
Share market update: Nifty Private bank index gains; RBL Bank surges 8%
The Nifty Private Bank index was trading 0.53 per cent up at 11889.8.
Share market update: Nifty PSU Bank index up; Bank of Baroda climbs 3%
The Nifty PSU Bank index was trading 0.63 per cent up at 1421.8.
Share market update: Nifty Bank index flat; RBL Bank climbs 3%
The Nifty Bank index was trading 0.28 per cent down at 21582.0.
Reserve Bank of India reveals nation's mood: Congress leader Rahul Gandhi
Congress leader Rahul Gandhi claimed on Friday that the RBI has revealed the "mood of the nation" saying people's confidence is at an "all-time low" and insecurity high.