Earlier during the day the apex court had agreed to consider the plea of enforcement agencies against the high court order to release them from jail and keeping them in their residence

The action comes more than a year after Enforcement Directorate (ED) and Central Board of Investigation (CBI) started investigating allegations regarding irregularities of funds and even criminal misconduct by AirAsia when it was lobbying for its operational licences in India

The Wadhawans shall help the committee in valuation of HDIL's encumbered properties, the court said

Sri Raghavendra is the newest urban cooperative bank to have come under the Reserve Bank of India's (RBI) monitoring

The Bengaluru-based lender cannot issue new loans or make any new investments without prior approval from the banking regulator for the next six months

Prime Minister Narendra Modi said that Rs 43,000 crore have been directly transferred into accounts of farmers so far. Addressing the 150th celebrations of the Kolkata Port Trust, PM Modi said that Chief Minister Mamata Banerjee has not implemented several schemes in the state; In the upcoming Union Budget, the auto industry has sought measures, such as reduction in GST rates on vehicles and abolition of duty on import of lithium-ion battery cells, to encourage electric mobility; German luxury carmaker Mercedes Benz India emerged as the largest selling luxury car brand in India in 2019 even as its sales skidded by 11.3 per cent, the steepest ever in a year in well over a decade. This and more news on News Blast.Also read: RBI report points to rapid ratings downgrade of corporate borrowersAlso read: Sharad Pawar meets Anurag Thakur over revival of fraud-hit PMC Bank

The fraud at PMC Bank came to light in September last year after RBI discovered that the bank had allegedly created fictitious accounts to hide over Rs 6,700 crore in loans extended to HDIL

Among those under RBI's radar, three are from Maharashtra -- Shreeji Bhatia Cooperative Bank, Mansingh Cooperative Bank and Shri Anand Cooperative Bank

Banks have been informed by Indian Banks' Association that bank unions including AIBEA, AIBOA, BEFI, INBEF, INBOC, BKSM, will go on a pan-India general strike on January 8

The difference between the gross salary of the RBI Governor and a Deputy Governor is also not much. The Governor earns just Rs 31,500 more than a Deputy Governor per month

RBI said it may also accept or reject any or all the bid/offers either wholly or partially without assigning any reasons

Despite higher limits, the outstanding deposits of the bank have reduced from around Rs 11,800 crore in September, when the RBI took charge of the bank, to Rs 10,800 crore by November-end

PMC Bank-HDIL scam: During the investigation it was also found that loans were sanctioned and disbursed before forms were filled for the loan requirement

PM Narendra Modi's office has proposed waiving a tax on coal to help finance pollution-curbing equipment, according to documents, but the move would also make coal more competitive in price. The government has allowed Huawei, along with all other equipment manufacturers, to conduct super-fast speed 5G network trials in India. Internet shutdowns in various parts of the country may have hit e-commerce like Amazon and Flipkart hard. This and other news on News Blast.

Huawei gets govt nod to participate in 5G trialsIn a big relief for the Chinese telecom equipment maker Huawei, the government has allowed the company, along with all other equipment manufacturers, to conduct super-fast speed 5G network trials in India. The decision will boost the Chinese telecom giant's plans to expand its footprints in India at a time when several security-related concerns have been raised against it across the worldModi govt proposes waiving carbon tax on coalP...

Looking ahead, US crude inventories are expected to fall by about 3.2 million barrels in the week to December 27, heading for a third consecutive weekly fall

Anu Wadhawan revealed that she was not a director in any HDIL group company, but worked as a retainer in an HDIL group firm named Privilege Industries since 2016

Till date 50 issuers have done 182 issuances of commercial papers (CPs) and have successfully listed CPs worth Rs 70,210 crore on the Bombay Stock Exchange

Charge sheet filed by the Enforcement Directorate earlier this month has revealed that HDIL group companies need to repay Rs 6,117.93 crore to PMC Bank as on August 31, 2019

Manjit Kaur Ishwar Singh, who was Joint General Manager (Credit) in PMC Bank, told ED during the probe that HDIL had around total 44 loan accounts which included personal accounts of HDIL's promoters Rakesh Wadhawan and Sarang Wadhawan