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Rebooting Economy 58: The untold story of India's services sector
Rebooting Economy 57: When and how will industry take India to next level of growth?
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[ PMC Bank scam ]
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Oil prices edge down but set for biggest yearly rise since 2016
Reuters
Seoul, December 31, 2019
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
PMC Bank scam: HDIL group firm paid Rs 70 lakh a month to Anu Wadhawan, wife of promoter Sarang Wadhawan
Divyesh Singh
December 30, 2019
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
12 companies to list commercial papers worth Rs 8,215 crore on BSE
BusinessToday.In
New Delhi, December 30, 2019
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
PMC Bank loaned Rs 50 crore to HDIL days before Rs 6,300 crore scam came to light
Divyesh Singh
December 30, 2019
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
PMC Bank scam: ED probe reveals HDIL settled company accounts from bank loans
BusinessToday.In
New Delhi, December 30, 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
DICGC sees Rs 14,100 crore claims amid PMC Bank crisis
PTI
December 29, 2019
The break-up of the claim with DICGC shows Rs 3,414 crore in the case of state cooperative banks and district central cooperative banks, and Rs 10,684 crore in the case of urban cooperative banks, including PMC Bank
Inspection on scam-hit PMC Bank yet to be finalised: RBI
PTI
New Delhi, December 29, 2019
Replying to an RTI query, the RBI says preliminary findings of the RBI indicated large-scale irregularities in the bank, warranting supersession of its board of directors and imposition of all inclusive directions of the Banking Regulation Act, 1949
India's financial system stable despite weakening economic growth: RBI
Reuters
New Delhi, December 28, 2019
State-owned public sector banks need to build stronger buffers to absorb any disproportionate operational losses, while private lenders need to focus on corporate governance, the RBI says
Biz EOD: ED charge sheet in PMC Bank scam; bad year for credit growth; new powers for taxmen
BusinessToday.In
New Delhi, December 27, 2019
Catch the top stories from the world of business and economy with BusinessToday.In's end of day report
RBI orders urban cooperative banks to declare exposures above Rs 5 crore
BusinessToday.In
New Delhi, December 27, 2019
UCBs should take utmost care about data accuracy and integrity while submitting the information /data on large credit to RBI, failing which penal action as per the provisions of the Banking Regulation Act, 1949 may be taken
Ghatkopar fire: Level 3 blaze breaks out at Mumbai factory, fire fighting operations underway
BusinessToday.In
December 27, 2019
Mumbai fire: Fire fighting operations are underway as 15 fire tenders have arrived at the spot to contain the blaze. No loss of life has been reported so far in the Ghatkopar factory fire
PMC Bank scam: EOW files 33,000 pages chargesheet, HDIL promoters booked in Rs 6,300 crore fraud
BusinessToday.In
New Delhi, December 27, 2019
The chargesheet has named PMC Bank's erstwhile chairman Waryam Singh, former managing director Joy Thomas, former director of the bank Surjit Singh Arora, along with HDIL promoters Rakesh Wadhawan and Sarang Wadhawan
PMC Bank scam: ED files chargesheet against HDIL promoters
PTI
New Delhi, December 16, 2019
The Wadhawans have been booked under various provisions of the PMLA. The two were initially arrested by Mumbai Police's Economic Offences Wing (EOW), which was probing the scam, and later taken into custody by the ED in October this year
PMC Bank case: Depositors confident of recovering money after meet with CM Uddhav Thackeray
BusinessToday.In
New Delhi, December 16, 2019
PMC Bank scam: The depositors said that they are hopeful of recovering their money and that the PMC Bank would be revived in the future
Dharmendra Pradhan asks students to focus on entrepreneurship
PTI
December 15, 2019
Dharmendra Pradhan, who holds the portfolios of Steel Ministry and Petroleum and Natural Gas, said India has ample intellectual capacity to solve challenges and IITs are the pride of the country
Mandatory to link PAN-Aadhaar by 31 December: Income Tax Department
PTI
December 15, 2019
It is mandatory to link your PAN with Aadhaar, according to the public message issued a fortnight before the deadline ends
Distribution companies' outstanding dues to power gencos rise 48% to Rs 81,010 crore in Oct
PTI
December 15, 2019
Power producers gave 60 days to discoms for paying bills for the supply of electricity. After that, outstanding dues become overdue and generators charge penal interest on that in most cases
Revenue collection at Sabarimala temple crosses Rs 104 crore in 28 days
PTI
December 15, 2019
The revenue earned was through donations for organising Annadanam (free food for pilgrims), sale of prasadam including 'appam' and 'aravana' and cash and coins received as donations to the deity
Govt likely to sell 28% stake in BEML through strategic disinvestment
PTI
December 15, 2019
BEML, a mining equipment maker, has diversified into manufacturing of rail coaches and defence production that already accounts for almost half of its current topline
Tata Steel BSL bags award for energy conservation
PTI
December 15, 2019
The Odisha State Energy Conservation Award 2019 award was given to the company during the National Energy Conservation Day Celebration 2019
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