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Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

What steps taken to help PMC Bank depositors, HC asks RBI

The Enforcement Directorate is investigating the case and has attached the assets of HDIL promoters.

4 Nov 2019 2:43 PM IST

Infosys has said that its Rs 13,000-crore buyback offer will open on November 30 and end on December 14. (Photo: AFP)

India's Infosys says no prima facie evidence on whistleblower...

The letter was in reply to the NSE's request to the company to explain why it had not disclosed the receipt of the...

4 Nov 2019 1:25 PM IST

IndiGo is the Indian aviation market leader, with about 40 per cent of the market share.

IndiGo servers down across network, passengers stuck in queues

IndiGo's outage comes as dozens of flights face delays or cancellations on Monday, according to reports

4 Nov 2019 1:02 PM IST

Shares of Yes Bank jumped 35 per cent before closing with gains of 24 per cent after the lender informed the exchanges that it has received a $1.2 billion binding offer (around Rs 8500 crore) from a global investor. The bank is yet to consider the offer, it said.

Yes Bank shares plunge 15 per cent after Q2 net loss

Total income (consolidated) also slipped to Rs 8,347.50 crore during July-Sept 2019-20, as against Rs 8,713.67 crore.

4 Nov 2019 12:33 PM IST

Aramcos planned USD 69.1 billion acquisition of a 70 per cent stake in petrochemicals firm Saudi Basic Industries Corp (SABIC) from the Saudi sovereign wealth fund.

Saudi Aramco kick-starts what could be world's biggest IPO

Bankers have told the Saudi government that investors will likely value the company at around USD 1.5 trillion.

4 Nov 2019 9:24 AM IST

Maruti Suzuki India (MSI) is quietly gaining presence in the light commercial vehicle (LCV) space with its Super Carry mini-truck registering over ten-fold jump in sales in 2017-18.

Maruti Suzuki 'cautiously optimistic' over sales prospect in coming...

Maruti Suzuki said it would take at least few more months to get clarity if the industry is finally on a revival path.

3 Nov 2019 5:01 PM IST

Thomas Cook India Group. (Photo: Twitter)

Thomas Cook India not part of brand's global sale to China's Fosun:...

The brand for India, Sri Lanka and Mauritius and continues to be protected for exclusive use by Thomas Cook India Ltd.

3 Nov 2019 4:53 PM IST

Reliance Jio free 4G services have reduced profit of Airtel by more than half, lowered Vodafone Indias profit and pushed Idea Cellular into first ever quarterly loss.

Telco bailout will be contempt of SC; will set bad precedent: Jio to...

Supreme Court in its October 24 order has clearly settled the base on which statutory levies have to be paid, said...

3 Nov 2019 1:23 PM IST

The MYT regulations will form the framework of the petitions to be filed by the discoms.

Power gencos' outstanding dues on discoms rise 37 pc to Rs 70,000 cr...

Distribution companies owed Rs 50,583 crore to power generation companies in September 2018, according to PRAAPTI.

3 Nov 2019 12:11 PM IST

Revenue of Tata Consultancy Services was up 8.7 per cent at Rs 29,735 crore in the third quarter of 2016-17.

Eight of top-10 firms add Rs 1.34 lakh cr in m-cap; TCS leads

RIL, HUL, HDFC, ITC, Infosys, HDFC Bank and SBI were the other firms which witnessed a rally in their market...

3 Nov 2019 11:22 AM IST

Fosun buys Thomas Cook brand for 11 million pounds

Thomas Cook declared bankruptcy in September after an attempt to secure USD 250 million from private investors fell...

2 Nov 2019 1:52 PM IST

Shares of Yes Bank jumped 35 per cent before closing with gains of 24 per cent after the lender informed the exchanges that it has received a $1.2 billion binding offer (around Rs 8500 crore) from a global investor. The bank is yet to consider the offer, it said.

USD 3 billion offer on table: Yes Bank

Yes Bank is in discussions to raise USD 1.6 billion from six global private equity funds and two domestic mutual funds.

2 Nov 2019 12:16 PM IST