The Navratna company will produce 20 million tonne of coal per annum from Talabira II and III coal blocks to fuel its 4,200 MW of thermal power projects

Through the IPO, company's founders Nishant Pitti and Rikant Pitti will each sell shares to the tune of Rs 255 crore through the offer-for-sale mechanism

Anarock tracks seven major cities -- Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru, Pune, Hyderabad, Chennai and Kolkata

Sources say a delegation of the AGP, led by Mr Das, would leave for Delhi in the evening to file the plea in the apex court

Finance Minister Nirmala Sitharaman is likely to present her second Budget for the Modi 2.0 government in Parliament on February 1

The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, provides for resolution of stressed assets in a market-linked and time-bound manner

Morris Garages (MG) has already spent Rs 2,000 crore in India and commenced manufacturing operations at its plant at Halol in Gujarat

Union Finance Minister Nirmala Sitharaman had recently said that around 78 per cent of PMC Bank's depositors were now allowed to withdraw their money, even though the ceiling of Rs 50,000 on withdrawal continued

The GST Network (GSTN), the entity that offers the IT support to the GST system, has now come up with a new way to deal with the rampant ITC fraud

Indian Railways' operational efficiency may be at its worst since 1951,bad loans worth Rs 80,893 crore written off by banks till September quarter, India's November gold imports jump to 5-month high and more news on News Blast.

Sundar Pichai to replace Larry Page as CEO of Google parent Alphabet as co-founders step asideGoogle Chief Executive Sundar Pichai will replace Larry Page as CEO of parent Alphabet Inc, extending a long retreat from public roles and active management by Page and Sergey Brin at the company they co-founded 21 years ago. Page, Brin and Pichai have all shared an emphasis on developing artificial intelligence software to make web searching and other tasks faster, while long-time produc...

These suspects were held following an investigation intocredit facilities provided by PMC Bank to now-bankrupt HDIL and its group companies

Post the debacle of PMC Bank, there was a view that RBI should nudge cooperative banks to transform into SFBs. Under the SFB guidelines, the UCBs require a net worth of Rs 50 crore and capital adequacy of 9%

The response from DICGC, which insures all bank deposits, assumes importance in light of several bank frauds coming out in the open in recent times that have put savings of millions of depositors at risk

Nirmala Sitharaman said that the government's decision was also necessary to attract investment from multi-national companies, which are wanting to shift operations from China in view of ongoing Sino-US trade war

The finance minister added that in case of marriages, medical emergencies, and other crisis situations, a depositor of the bank can withdraw up to Rs 1 lakh by invoking the 'hardship provisions' of the RBI

Insolvency and Bankruptcy Rules of 2019 would help but more needs to be done: tighter RBI control and supervision, infusion of long-term funds (including capital) and reduction in mismatch in assets and liabilities

Co-operative sector banks, particularly the urban co-operative banks (UCBs), are falling apart slowly but surely with mounting stressed assets, the full extent of which may not be known

The Reserve Bank is closely monitoring the situation at the bank and a forensic audit is underway, governor Shaktikanta Das had said earlier amid persisting uncertainty over depositors' funds

This development comes a day after RBI Governor Shaktikanta Das chaired a high-level meeting with Enforcement Directorate, Mumbai Police, Economic Offences Wing and the administrator of PMC Bank