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Reuters
November 19, 2020
The 737 MAX crashes in Indonesia and Ethiopia killed 346 people within five months in 2018 and 2019 and triggered a hailstorm of investigations, frayed U.S. leadership in global aviation and cost Boeing some $20 billion


Rajeev Dubey
New Delhi, November 18, 2020
Reserve Bank of India (RBI) on Tuesday announced that Lakshmi Vilas Bank had been placed under moratorium by the Union Ministry of Finance till December 16 this year. The decision by the central government, at the request of the RBI, was prompted by a \"steady decline\" in Lakshmi Vilas Bank's financial position over the last three years. Watch as Rajeev Dubey, Editor, Business Today explains the direct impact of the decision on bank customers.Also Read: Lakshmi Vilas Bank under moratorium: What does it mean for depositors?


BusinessToday.In
November 18, 2020
Pfizer and BioNTech informed that primary efficacy analysis of their coronavirus vaccine candidate showed that it was 95 per cent effective beginning 28 days after the first dose


Manoj Sharma
November 18, 2020
Scores of Lakshmi Vilas Bank customers have gone on panic mode since the moratorium was imposed; Manoharan says the bank has made adequate measures to provide cash to all customers within the prescribed limit


BusinessToday.In
November 18, 2020
LVB is a small bank and its failure won't significantly impact the banking sector, but it's the loss of confidence and trust in banking system that has escalated with this crisis


BusinessToday.In
November 18, 2020
Chennai-headquartered Lakshmi Vilas Bank got its new acquirer in DBS Bank after two failed mergers. Even though DBS Bank is well capitalised, the foreign bank will bring in additional capital of Rs 2,500 crore upfront to support credit growth of the new entity


BusinessToday.In
November 18, 2020
Pleas, filed before SC, seek an extension of loan moratorium as well as waiver of interest on term loan EMIs during six-month moratorium period


BusinessToday.In
November 18, 2020
The Chapare virus, named after the region where it was first observed, was discovered due to the ongoing efforts of scientists around the globe to avert future pandemics like COVID-19


BusinessToday.In
November 18, 2020
Harshaali Malhotra shared her photos from Diwali celebrations with diyas and rangoli on Instagram and her fans could not get over how grown up she looked


Reuters
November 18, 2020
The Sinovac findings, published in a peer-reviewed paper in medical journal The Lancet Infectious Diseases, came from results in Phase I and Phase II clinical trials in China involving more than 700 participants


Anand Adhikari
November 17, 2020
The merger of Lakshmi Vilas Bank, an old private sector bank from India, with a foreign bank like Singapore-based DBS Bank is expected to bring its own set of challenges


Anand Adhikari
November 17, 2020
The troubled lender with 566 branches saw its capital adequacy ratio fall to 0.17 per cent in June 2020; it had Rs 13,827 crore in outstanding loans and deposits worth Rs 21,443 crore at the end of FY20


PTI
November 17, 2020
The direction comes after the regulator received a complaint in May from Nitesh Jain, proprietor of ProfitAim Research, a Sebi-registered investment advisor, against Profitsaim alleging that it is an unregistered entity


PTI
November 17, 2020
The direction comes after the regulator received a complaint in May from Nitesh Jain, proprietor of ProfitAim Research, a Sebi-registered investment advisor, against Profitsaim alleging that it is an unregistered entity


Vivek Punj
November 17, 2020
Payments to the creditors have been capped at Rs 25,000 during the period of moratorium. Withdrawals above Rs 25,000 have been permitted in case of unforeseen expenses


BusinessToday.In
November 17, 2020
Jawa motorcycles, which were created by Frantisek Janecek in Prague, will now be riding on the roads of the Czech Republic after 90 years


Rukmini Rao
November 17, 2020
With 100% acquisition of  Bengaluru-based AR/VR start-up Scapic, catalogues and user experience across Flipkart companies will get a make over


BusinessToday.In
November 17, 2020
The Employees' Provident Fund Organisation (EPFO) data showed that around 20 lakh jobs were lost in the initial months of the coronavirus pandemic, thus, the government is targeting 50-60 lakh jobs by June 2021


Prasanna Mohanty
November 17, 2020
As India marches from one economic disaster to another, policy and planning appear to be victims of whims and fancies as and when they strike


Joe C Mathew
November 16, 2020
To ensure that no domestic industry in any of the 16 RCEP countries suffers due to malpractices, India had proposed an auto trigger mechanism which has not been accepted


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