Army jawan commits suicide in JK's Udhampur
Sepoy Prince Kumar (25), a resident of Hoshiarpur in Punjab, was posted in 112 Territorial Army and was on guard duty when he shot himself at Chinar camp in Rehambal area on Friday, a police official said. The official said that the motive behind the extreme step was not known immediately.
Apathy of previous governments forced farmers to commit suicide: Yogi Adityanath
Adityanath said the state government was aiming to open Farm...
Dalal Street week ahead: Financials lose momentum; realty & metals take charge
A cautiously positive outlook is advised for the coming week.
Essar resolution to have significant impact on financial ecosystem: Satish Gupta, Essar's Resolution Professional
"The resolution of Essar Steel with realisation of more than Rs 42,000 crore has significant impact on financial ecosystem. With availability of funds and committed additional infusion of Rs 8,000 crore by ArcelorMittal, Essar Steel’s under-utilised productive asset can now operate at its optimal level of production and enhance capacity utilisation," the resolution professional of Essar Steel said.
Share market update: Nifty Financial Services index down; PFC falls 1%
The Nifty Financial Services index was trading 0.49 per cent down at 14583.75.
Bain Capital looks to team up with Sunil Munjal to buy Max Financial Services
Apax Partners also approached; Hero Corp & Analjit Singh currently in exclusive discussions
Supreme Court’s review petition dismissal last straw in sectoral financial distress: COAI
“The Supreme Court’s dismissal of the review petition is the last straw in contributing to financial distress and it remains to be seen whether the industry will be able to recover from this setback,” Rajan S Mathews, Director General of the Cellular Operators of India (COAI) said.
Sri Guru Raghavendra Sahakara Bank says will meet commitments before March 31
Depositors have been flocking to the bank's branches after the Reserve Bank of India (RBI) imposed restrictions on the bank’s management disallowing it from collecting deposits, lending fresh loans or making investments without the regulator’s approval.
Making efforts to financially strengthen bank further: Yes Bank
"All efforts are being made to financially strengthen the bank even further. Kindly, therefore, pay no heed to these unfounded reports," Yes Bank said. Last week, Uttam Prakash Agarwal, an independent director of Yes Bank resigned from the board and stepped down as head of its audit committee citing major corporate governance concerns.
Share market update: Nifty Financial Services index down; REC dips 2%
The Nifty Financial Services index was trading 0.2 per cent down at 14,606.10.
Govt likely to take more steps to deal with financial sector problem: Rajiv Kumar, NITI Aayog VC
The government since August has taken several steps, including liquidity support to housing finance companies, one-time partial credit guarantee to public sector banks for purchase of high-rated pooled assets of non-banking finance companies (NBFCs) and mega merger of public sector banks.
Edelweiss Financial Services asked to appear before ED on Wednesday
The development follows the statement by the company's Chairman Rashesh Shah stating the firm has no relationship with Capstone Forex, which is being investigated by the ED for foreign exchange rules violation. The ED had recently summoned Shah in connection with the company's dealings with Capstone Forex Pvt Ltd.
Govt to come up with financial assistance for fighting rare diseases
The decision comes as the government comes up with a new draft policy for the treatment of rare diseases, more than a year after it withdrew the earlier policy that promised an initial corpus fund of Rs 100 crore for the treatment of patients with rare genetic diseases.
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