The pandemic-led crisis has accelerated an overdue transition to digitalisation in business processes and enhanced efforts to address slow-burning issues such as liquidity management, cash, diversification, and capital

The banking regulator noted that continuance of the bank is prejudicial to the interests of its depositors, and it would be unable to pay its present depositors in full in its present financial position

If the deal goes through, the new investor will have control of SsanYong, with Mahindra holding only 30 per cent or less stake; otherwise the former goes into court receivership and its management is taken over by the court

Complete digitisation of loan disbursal and repayment processes to become reality soon

The top two highest bidders for Dewan Housing Finance Corporation (DHFL) -- the US-based Oaktree and Ajay Piramal-led Piramal Group -- are now engaged in a war of words publicly

As per the SBI Ecowrap, the monthly income of farmers will go up by a sharp 35 per cent by just revisiting the current Kisan Credit Card (KCC) norms

The government, which is trying to rein in its fiscal deficit, wants state-run firms to focus on improving market capitalisation and dividend payouts from the 2021/22 fiscal year

While the timing seems to be perfect as the economy is in a bounce-back phase, the investors and analysts are concerned about the debt of the parent company Vedanta Resources

RBI panel's proposal to allow big corporates/industrial houses to own and run banks and NBFCs is contrary to RBI's own earlier stand, economic logic and historical evidence of multiple economic crises caused by reckless private financial sector players

India Stock Market Highlights Today: HDFC twins, Reliance Industries were among the top losers and Tata Steel, Titan and Asian Paints were among the top gainers

Burger King is one of the fastest growing international Quick Service Restaurants (QSR) chains in India with 261 stores as on September 2020

The scheme was announced by the government earlier this month as part of the Rs 2.65 lakh crore Atmanirbhar Bharat 3.0 package

Addressing the virtual G20 Summit hosted by Saudi Arabia's King Salman, Xi said China will always be a builder of global peace, a contributor to global development and a defender of international order

Credit ratings agency CRISIL said that said that the number of companies seeking RBI's one-time-debt restructuring may increase if sentiment around recovery dampens or COVID-19 afflictions keep increasing, leading to fresh curbs on economic activity

FM Nirmala Sitharaman Press Conference Live: FM Sitharaman's announced several stimulus measures to revive the ecomony on Thursday, November 12. Among several of them, she announced new subsidies for employers and employees under the Atmanirbhar Bharat Rozgar Yojana Subsidy

The 15 most-indebted non-BFSI companies had a combined debt of Rs 10 lakh crore in FY20, a 15 per cent increase over the previous year, and their troubles seem to be far from over

Anil Ambani-led Reliance Capital has invited bids to sell stakes in its subsidiaries, including Reliance General Insurance and Reliance Nippon Life Insurance, so as to clear dues worth nearly Rs 20,000 crore

The scheme authorises ex-gratia payment to a specific class of borrowers by way of crediting the difference between simple and compound interest for the period between March 1, 2020, and August 31, 2020, by respective credit establishments

The cash-strapped group has, however, maintained its earlier estimates of addressing more than 50 per cent of the overall debt of over Rs 99,000 crore as of October 2018

The government is likely to further extend the deadline for putting in a preliminary expression of interest for the loss-making national carrier to December 15