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The government plans to have more benches of the National Company Law Tribunal on the basis of case load, a senior official said on Wednesday amid rising number of insolvency cases coming up before the NCLT.

NCLT admits bankruptcy plea against Jet Air

The first status report will have to be filed by July 5.

21 Jun 2019 3:23 AM IST

Governor Shaktikanta Das

Flagging economy required rate cut boost: MPC minutes

Das said the headline Consumer Price Index Inflation (CPI) has evolved broadly along the projected lines.

21 Jun 2019 3:15 AM IST

Under the companys plan, Answers will lower its debt by $471 million, according to documents filed in Manhattans US Bankruptcy Court.

Operational creditors suffer 58 per cent haircut

The operational creditors took a haircut of 58 per cent on the total claims of around Rs 8,140 crore.

20 Jun 2019 1:42 AM IST

The combined market share will be 8.2 per cent in accident & health and 7.2 per cent in health insurance.

HDFC to acquire 51 per cent in Apollo Munich

The housing finance major plans to merge the health insurer with its general insurance subsidiary, HDFC Ergo General...

20 Jun 2019 1:36 AM IST

Jet Airways stock ended the day at Rs 604.35, down 1.55 per cent from the previous close on BSE.

Jet Air lands in NCLT as banks give up on revival

The decision was taken after a meeting of the lenders, as they have not yet received any concrete proposal for the...

18 Jun 2019 6:39 AM IST

HDFC sells 4.2 per cent stake to delink Gruh

After completion of the sale of shares, Gruh would cease to be an HDFC subsidiary, the company said.

15 Jun 2019 1:41 AM IST

Following the November 8-9 demonetisation, the government over the weekend asked public sector insurers to provide discounts of up to 10 per cent on the premium amount for general insurance policies and 8 per cent in new life policies of Life Insurance Corporation sold online.

Insurers witness a bumper start

Top private players continued to grow in double digits.

13 Jun 2019 1:11 AM IST

Reserve Bank of India (RBI)

After RBI's repo cut, IDBI slashes rate

IDBI Bank said that it has reduced its one-year MCLR or the minimum lending rate by 5 basis points to 8.95 per cent.

13 Jun 2019 1:09 AM IST

Mortgage lender Dewan Housing Finance Ltd (DHFL) on Tuesday said that it has cleared interest of Rs 961 crore due on non-convertible debentures (NCDs) and would be seeking a rating upgrade from agencies.

DHFL clears Rs 961 crore interest on NCDs

The company has made interest payments in lieu of Rs 961 crore as committed to its debenture holders.

12 Jun 2019 2:23 AM IST

Global rating agency Moodys Investors Service on Tuesday placed Yes Banks foreign currency issuer rating of Ba1 under review for downgrade.

Moody's puts Yes Bank under rating review

The move comes a day before the bank's annual general meeting scheduled on Wednesday.

12 Jun 2019 2:20 AM IST

From July 1 banks will have to offer for free a minimum of four withdrawals in a month, including ATM withdrawals.

No-frills accounts can get SB facilities free

RBI strikes off minimum balance requirement.

11 Jun 2019 2:51 AM IST

SBI said it would launch repo rate-linked home loans from July 1. More lenders are likely to follow suit, as SBI is the market leader with around 35 per cent of share.

Transmission of RBI rate cut is finally happening

RBI may again ask banks to link loans to repo or G-sec.

10 Jun 2019 4:22 AM IST