Business

Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said that all aspects of Punjab and Maharashtra Co-Operative Bank (PMC Bank) issue are being looked into. " RBI will not allow any co-operative bank to collapse," said Mr Das at a press conference after

IRCTC IPO: Indian Railway Catering and Tourism Corporation (IRCTC) saw huge demand for its shares in the initial public offering (IPO) which closed on Thursday. IRCTC's IPO to raise Rs 645 crore was subscribed close to 112 times by the end of the

The recent drop in Yes Bank's stock price does not reflect the lender's performance and it remains on a solid financial footing, chief executive Ravneet Gill said on a conference call on Thursday.

"The operating metrics of the bank, the performance of the bank is absolutely sound," Mr Gill said.

"We have enough liquidity, we are very stable

The Reserve Bank of India lowered India's economic growth projection for the current financial year to 6.1 per cent from 6.9 per cent projected in the August monetary policy.

"Various high frequency indicators suggest that domestic demand conditions have remained weak. The business expectations index of the Reserve Bank's industrial outlook survey

India and Malaysian equities were the most expensive in Asia on October 2, based on their price-to-earnings valuation metrics, according to Refinitiv.

Most other regional markets saw a rise in valuations over the past month, thanks to some easing US-China trade tensions and rate cuts by major central banks.

A corporate tax cut announced by Finance

Udaan, an Indian e-commerce marketplace for businesses, has raised $585 million from investors including Tencent Holdings Ltd., Altimeter Capital, GGV Capital and Citi Ventures.

The Bangalore-based startup sources directly from small manufacturers,

The Reserve Bank of India lowered the repo rate by 25 basis points to 5.15 per cent on Friday, maintaining its "accommodative" policy stance in a bid to revive economic growth. The repo rate is the rate at which the central bank lends short term

Morgan Credits Pvt Ltd (MCPL) and Yes Capital India Ltd (YCPL) -- the promoter entities of private lender Yes Bank -- have expressed dejection over Reliance Nippon Life Asset Management's (RNAM''s) decision to invoke and sell pledged shares of Rana Kapoor through its debenture trustee Milestone Trusteeship, news agency ANI reported.

"These were

Rate-sensitive banking, financial services and auto shares were trading higher while realty shares were flat ahead of the Reserve Bank of India's monetary policy decision due later in the day. Many economists expect the six-member RBI Monetary Policy Committee,

Shares of the Chennai-based private sector lender - Lakshmi Vilas Bank - were locked in a five per cent lower circuit on Thursday. Lakshmi Vilas Bank on Wednesday informed exchanges that its non-executive independent director Supriya Prakash Sen resigned from the bank. Resignation of the independent director comes after Lakshmi Vilas Bank was

The Finance Ministry will start pre-Budget and Revised Estimates meetings from October 14 to November's first week, an official notification of the ministry said on Wednesday.

"The pre-budget/RE meetings will begin on the 14th October 2019. All

The country's dominant services sector slipped into contraction in September as new business orders fell for the first time since early 2018, according to a private survey which also found business optimism at its lowest in 2-1/2 years.

Friday's

The S-P BSE Sensex and NSE Nifty 50 indexes fell for fourth straight session led by declines in HDFC Bank, HDFC, Kotak Mahindra Bank, Infosys, Axis Bank and IndusInd Bank. The Indian equity benchmarks opened lower and extended declines in the

The government should garner more revenues from disinvestments given that now the stock market is up, and additionally the RBI may have to pay an interim dividend to support resource mobilization, CARE Ratings has said.

Going forward, there is an increased

The Reserve Bank of India (RBI) is expected to cut benchmark interest rates for the fifth time this year on Friday as recent fiscal measures to boost ailing growth seem largely inadequate and benign inflation offers room for more easing.

The

Budget airline GoAir said that it will commence 12 flight operations including new ones and additional frequencies from October 5. New flights between Delhi-Chandigarh, Lucknow-Ahmedabad and Kolkata-Lucknow will be started.

Besides, GoAir will increase frequencies

The Reserve Bank of India will in the next few hours reveal the outcome of its fourth bi-monthly policy review. Many economists expect the six-member Monetary Policy Committee, chaired by the central bank Governor Shaktikanta Das, to once again

Every Diwali, you buy new outfits for yourself and your family, invest in gold for your future and buy gifts for friends and relatives. So, why not give your home a dazzling makeover too? Home renovation not only makes your home visually appealing, but also adds to the comfort it offers and increases its worth. However, remodelling expenses can

Banks will organise the first phase of "loan melas" in 250 districts starting from Thursday. An outreach programme initiated by government banks, the "loan melas" are aimed at meeting the demand of borrowers during the

Japanese lifewear retail brand Uniqlo on Thursday made its debut in the Indian market with its first store at Ambience Mall, Vasant Kunj in Delhi.

The store sprawling over 35,000 square feet over three floors will open for the public on October 4. The brand will also be launching two more stores in DLF Avenue, Saket and DLF CyberHub in Gurugram in

Rajat Monga, the senior group president and former chief financial officer at the troubled lender Yes Bank, has quit, chief executive Ravneet Gill said on Thursday.

The announcement came during a conference call with investors and analysts following a heavy plunge in the bank's share price

A major global share index hit its lowest level in a month on Wednesday after US manufacturing activity tumbled to more than a decade low. The manufacturing data sparked worries that the fallout from the US-China trade war is spreading to the world's largest economy. A slowdown in US economic growth would remove one of the few remaining

The Reserve Bank of India raised withdrawal limit for account holders of the stressed Punjab and Maharashtra Co-Operative Bank or PMC Bank to Rs 25,000 from earlier withdrawal limit of Rs 10,000. "The Reserve Bank of India again reviewed the bank's liquidity position and, with a view

IRCTC's initial public offer (IPO) was subscribed more than 3.5 times on the final day of issue on Tuesday. IRCTC or Indian Railway Catering and Tourism Corporation - the online ticketing arm of the Indian Railways - plans to raise up to Rs. 645 crore through t

Yes Bank said on Wednesday that the steep fall in its shares the previous day was primarily on account of forced stake sale by a large shareholder. The statement from the private sector lender came a day after the Yes Bank stock nosedived as much as

The S-P BSE Sensex and NSE Nifty 50 indexes registered fourth session of losses on Thursday. In the last four trading sessions the Sensex has fallen 883 points or 2.26 per cent and Nifty has dropped 257 points or 2.22 per cent. The losses in the benchmarks came on the back

Yes Bank chief executive officer Ravneet Gill said on Thursday that the private sector lender remains on a solid financial footing, and the recent fall in the share price does not reflect its performance. Yes Bank shares - after

Lender Yes Bank said on Wednesday a forced stake sale by a shareholder led to a steep fall in the company's stock in the previous session.

The company's shares plunged nearly 23 per cent on Tuesday to its lowest close in over a decade, alongside sharp