Ranbaxy former promoter Shivinder Singh arrested by Delhi Police
According to the complaint, Former Ranbaxy promoter Shivinder Singh and others are accused of diverting funds to the tune of Rs 740 crore. New...
Category : Business & Finance
Countries like India more likely to be hit by trade war says IMF Head
The global economy is experiencing ‘synchronizing slowdown’, effects are ‘more pronounced’ in India, says IMF head. Washington| On Tuesday IMF Managing Director Kristalina Georgieva...
PMC account holders demand ‘No Bail, Only Jail’ for bank officials
Account-holders protest on the streets of Mumbai for actions against PMC heads Mumbai| PMC bank customers hit Mumbai street again accusing Reserve Bank of India...
India slides 10 places on Global Competitiveness Index, ranked 68th: WEF
India which previously stood at 58th rank has been stated to be amongst the worst BRICS nations along with Brazil New Delhi| India tumbled...
Modi government all set to sell more than 53% of its stake in BPCL
The net worth of BPCL is currently 55 thousand crores. The government aims to raise Rs 65,000 crore by selling its entire 53.3 per cent....
The Trust We Lost
If the auditors of PMC Bank have been a relatively unknown CA firm called Lakdawala & Co., those of ILFS were multinational giants like KPMG...
Banking major HSBC may lay-off 10,000 employees as a part of cost-reduction: Report
The HSBC will be reporting its third-quarter results later this month. The report says it may make the announcement of lay-off at the same time....
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....
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...