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BusinessToday.In
July 10, 2020
PNB share price fell up to 6.74% to Rs 34.6 against previous close of Rs 37.10 on BSE. The large cap stock has lost 6.31% in two days


BusinessToday.In
New Delhi, July 10, 2020
PNB reports over Rs 3600 crore loans to DHFL as fraudPunjab National Bank said on Thursday it had reported loans made to Dewan Housing Finance Corporation Ltd worth 36.89 billion rupees ($491 million) to India's central bank as \"fraud.\" Indian state-owned lender PNB, which was hit by a $2 billion fraud involving billionaire Nirav Modi in 2018, had already set aside 12.5 billion rupees in provisions for the loans to DHFL, which is in bankruptcy proceedings.Uttar Pradesh govt imposes corona...


Reuters
July 10, 2020
Indian state-owned lender PNB, which was hit by a $2 billion fraud involving billionaire Nirav Modi in 2018, had already set aside 12.5 billion rupees in provisions for the loans to DHFL, which is in bankruptcy proceedings


BusinessToday.In
New Delhi, July 7, 2020
Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report


BusinessToday.In
July 7, 2020
India's improvement in the ranking has been attributed to its REIT framework, Goods and Services Tax, Insolvency and Bankruptcy Code, Benami Transaction Prohibition (Amendment) Act, and online processing of land records


PTI
July 5, 2020
During the quarter, the group has made an additional provisioning of Rs 900 crore towards possible loan losses due to the pandemic taking the total provisions to Rs 2,549 crore


PTI
July 5, 2020
The company is currently under moratorium under the Code (IBC) since November 29, 2019 and hence, it is not in a position to make payment of interest or principal to any of the lenders of the company, including the NCDs holders


Associated Press
July 4, 2020
After a day of talks with personnel representatives, company management announced Friday night that it will cut about 6,500 of 41,000 jobs at Air France and 1,000 of the 2,400 jobs at Hop by 2022


Dipak Mondal
June 30, 2020
The special draft framework recommends that the insolvency procedures against an MSME can only be triggered by the MSME itself and not by any of the creditors


PTI
June 29, 2020
The former party president also said that prices of petrol and diesel are constantly increasing in the country when global crude oil prices are continuously falling


Reuters
June 29, 2020
Global coronavirus cases exceeded 10 million on Sunday as India and Brazil battled outbreaks of over 10,000 cases daily


Chitranjan Kumar
June 26, 2020
Driven by strong rally in recent past, Ruchi Soya has entered into the list of top-100 most valued companies with the market-cap of Rs 45,592 crore


PTI
June 26, 2020
In its report titled 'Asia-Pacific losses near USD 3 trillion as balance sheet recession looms', S&P projected the region's economy to shrink by 1.3 per cent in 2020, but grow by 6.9 per cent in 2021


Manu Kaushik
June 25, 2020
Outstanding loans worth Rs 50,000 crore are attached to hotel real estate. A 50 per cent delinquency would result in Rs 25,000 crore of loans turning bad


Aprajita Sharma
June 25, 2020
In a weak demand and oversupply scenario, the prices have indeed come down, especially in metro cities; but waiting for further decline might prove counterproductive


Nevin John
New Delhi, June 24, 2020
With the post-lockdown economy still to pick up, highly leveraged companies are looking at ways to reduce debt


BusinessToday.In
New Delhi, June 23, 2020
Public Sector Banks will need  anywhere between Rs 75,000 crore to Rs 1 lakh crore of fresh capital from the government. Fresh NPAs means higher provisioning for bad loans , lower profits  and also delayed recovery as bankruptcy code has been suspended. It is time to build capital buffers in PSBs to face covid 19 loan losses. Anand Adhikari, Executive Editor, Business Today explains what needs to be done for Public Sector Banks.Also Read: How retail companies are trying to minimise job losses


Dipak Mondal
New Delhi, June 23, 2020
Movement of goods also picked up as is evident from the massive growth total assessable value of e-way bills.  Value of goods transported (as assessed through e-way bills) showed a 130% growth at Rs 8.98 lakh crore in May 2020


Nirbhay Kumar
June 23, 2020
MSMEs used bankruptcy proceedings threat as pressure point to force big corporates to not delay payments for supplies


Nevin John
June 22, 2020
Of this, 1,604 cases have been settled by the tribunals across the country by finding a new buyer, commencing liquidation, or allowing voluntary withdrawals


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