PMC Bank MD Joy Thomas arrested by Mumbai Police
ED registered a money laundering case against PMC bank officials and directors of realty firm HDIL Rakesh and Sarang Wadhawan in the PMC Bank case....
Category : Business & Finance
RBI cuts Repo Rate to 5.15% – lowest since March 2010 , reduces GDP growth estimate
RBI reduced the economic growth rate estimate to 6.1% for the current financial year (2019-20). The last estimate of growth was 6.9%. New Delhi|...
PMC Bank Scam: ED registers money laundering case, raids 6 locations in Mumbai
The HDIL group and PMC official nexus came into the light after the RBI put restrictions on the bank. Reportedly, out of the total loan...
PMC Bank Scam: HDIL officials Rakesh and Sarang Wadhvan arrested
Rakesh Kumar is Executive Chairman of the HDIL whereas Sarang Wadhvan is managing director of the company. Mumbai| In a first definitive action post the...
Diwali gift? After Corporate Tax, Govt may announce slash in income tax rate
As per the report, Income tax can be reduced from 20% to 10% on income from Rs 5 lakh to 10 lakh. The govt may...
As account holders panic, RBI says Indian Banking system is completely safe
RBI tweeted that it would like to assure the general public that the Indian banking system is safe and stable and there is no need...
GST collection for September lowest in the 19 months
The collection of GST fell 2.67 per cent to Rs 91916 crores in September 2019 from Rs 94442 crores collected in the same month last year....
HW Exclusive: Cox & Kings faces the heat of Economic Slowdown, allegedly removes employees without notice
An employee working at Cox & Kings said the company has not paid them three months’ salary for July, August and September this year (2019)....
PMC Bank crisis: FIR filed against HDIL and PMC Bank officials
Several account holders of Punjab and Maharashtra Co-operative Bank (PMC Bank) had lodged a police complaint against the bank officials on Thursday Mumbai| The Economic...
Pressured to meet the Fiscal Deficit target, Modi govt may seeks Rs 30,000 crores interim dividend from RBI
The RBI paid Rs 28,000 crores as interim dividend to govt during the last fiscal year. It paid Rs 10,000 crores as interim dividend in...