As a consequence of resolutions through IBC, and fear of Section 29A, the PSU banks are now expecting to recover loans worth Rs 1,80,000 crore in the current financial year compared to Rs 74,562 crore in the last financial year.

The net worth of the chairman of Reliance Industries stood at Rs 3,71,000 crore as on July 31, 2018.

Major responsibilities of the associate general counsel, whose position will be equivalent to the country legal head, will be to manage a litigation portfolio, including intellectual property, privacy, integrity, and encryption.

Flipkart acquires Israel-based start-up Upstream CommerceFlipkart has acquired an Israel-based analytics start-up called Upstream Commerce, as it aims to support its massive seller base with services such as real-time pricing and information on product assortment, as reported by Mint. This is Flipkart's second acquisition in as many months and will enable Flipkart to have an outpost in Israel.Yes Bank board seeks extension for Rana KapoorYes Bank on Tuesday said it would ask the R...

The predicted rate hike would be the RBI's third this year, having lifted borrowing costs in June and August.

While the Sensex was trading 42 points or 0.12% higher at 36,694, the Nifty gained 30 points or 0.26% at 11,096 level. Top Sensex gainers were Axis Bank (1.10%), Tata Steel (1.01%) and HDFC (0.72%).

A government official said on Tuesday said the Reserve Bank of India (RBI) should consider lowering Cash Reserve Ratio (CRR) in addition to buying government bonds to ensure adequate liquidity.

Frightful and irresponsible commentaries about a 'systemic risk' suggesting India's financial system could collapse due to IL&FS have added fuel to fire

Going by the past 17 trading sessions, the bears are now out roaring. The BSE Sensex has dived 6% since August 29, when it hit a peak of 38,989.65.

Brent crude oil prices were trading at over four-year highs and inched closer to $82 per barrel ahead of impending US sanctions on Iran.

The stock closed 23.49% or 92 points lower on BSE today on continuous liquidity concerns in the NBFC sector. It touched a low of Rs 260.10 or down 33.82% in trade today.

In his new role, Mohan will focus on working with the senior executive team at Facebook India. He will also drive Facebook's overall expansion strategy, while also finding ways work with the BJP government at the Centre.

Given company's good track record, well-capitalised balance sheet and stable asset quality, most brokerages have recommended subscribe on the issue even as the IPO has been valued at a premium against industry peers.

Infosys bags $80.3 million contract from Canadian firmInfosys Public Services has announced that it has been awarded a computer-aided design contract worth $80.3 million by Public Services and Procurement Canada (PSPC) to modernise and automate their procurement processes, as reported by the Hindu. IPS is working with Ernst & Young and SAP Canada to digitise PSPC procurement system.Facebook ropes in former Hotstar executive Ajit Mohan as India MD & VPSocial media giant Fac...

As per Indian Oil's daily pricing list for Tuesday, petrol has reached over Rs 91 in several districts of Maharashtra, with state capital Mumbai witnessing few paise jump to Rs 90.22 per litre.

Stock of REC was trading at Rs 98.90, down 7.35 per cent, while PFC scrip was trading at Rs 79.60, 1.18 per cent lower over previous close on the BSE.

Financial market regulator Sebi is reportedly examining sharp movement in shares of Dewan Housing Finance Corp. Ltd (DHFL), Yes Bank Ltd. and other lenders for possible trading irregularities.

Brent breached the $80 per barrel mark on Monday and analysts at the American brokerage said they expect it to go up further to $95 by June 2019, which will put pressure on the current account.

For the third time in a month, crippled infrastructure conglomerate IL&FS Financial Services on Monday defaulted on interest payments on commercial papers.

The NBFCs borrowings through debentures and commercial papers (CPs) have been on the rise in the last 5 years.