With the latest move of declaring banking industry as a public utility service, employees and officers of the highly unionised banking sector would not be able to go on strike besides certain other activities, according to an industry expert.
Published on Apr 24, 2020 06:47 AM IST
Mumbai | By Press Trust of India
The police are checking vehicles and their purpose before allowing them to enter in the vicinity of the ED’s office.
Updated on Aug 22, 2019 11:19 AM IST
Raising the issue in the Lok Sabha during zero hour, Congress’s Manickam Tagore said the move if implemented will affect 60 million non-government employees in the country.
Updated on Jul 23, 2019 01:45 AM IST
NBFCs (non-banking finance companies) and liquidity in the credit system are also set for higher importance given their manifestation in the slowdown demanding due attention. NBFCs have been under liquidity pressure after the series default by Infrastructure Leasing & Financial Services (IL&FS) in September last year.
Updated on Jul 04, 2019 07:52 AM IST
New Delhi | By Indo Asian News Service
In their complaint, SFIO claimed that IFIN extended loans to external parties, many of which had already begun defaulting.
Updated on Jun 02, 2019 05:29 AM IST
Hari Sankaran has been accused of fraudulent conduct and granting loans to entities which were not creditworthy or have been declared Non Performing Assets.
Updated on Apr 01, 2019 11:56 PM IST
Earlier this week, members of the standing committee on finance met representatives from credit rating agencies and ministry officials to discuss the functioning of the agencies.
Updated on Feb 08, 2019 09:39 AM IST
The Mumbai-based company posted a record net profit of 81.05 billion rupees ($1.15 billion) in the third quarter ended December 31, versus 65.31 billion rupees it reported a year earlier.
Updated on Jan 10, 2019 05:53 PM IST
Reuters | By Reuters
The move comes against the backdrop of defaults by Vijay Mallya, Nirav Modi and Mehul Choksi and thereafter, fleeing the country.
Updated on Nov 22, 2018 10:34 PM IST
New Delhi | By Press Trust of India
House prices have risen at almost double-digit rates for over a decade in a country of 1.3 billion people, where for many, owning a home is still a dream. Major cities in India have become some of the most densely populated in the world.
Updated on Nov 16, 2018 09:13 PM IST
Bengaluru | By Reuters
Wipro, which gets bulk of its topline from IT services, said it expects revenues from that business to be in the range of $2,009 million to $2,049 million in the September quarter.
Updated on Jul 20, 2018 05:01 PM IST
Reuters | By Reuters
Companies linked to Nirav Modi and his uncle Mehul Choksi defrauded PNB to the tune of Rs 13,600 crore. Choksi’s Gitanjali Group defrauded Rs 7,080.86 crore while the rest is attributed to companies of Modi.
Updated on Mar 13, 2018 07:52 PM IST
Press Trust of India, New Delhi | By Press Trust of India