New Delhi (IANS) Government owned National Bank for Agriculture and Rural Development (NABARD), the second largest lender to Reliance Commercial Finance Limited (RCF) with over Rs 1,100 crore of secured loan exposure has given clean chit to RCF and…
New Delhi (IANS) In a major push to domestic manufacturing in the country, the government proposes to pump in over Rs 3 lakh crore through an umbrella production linked incentive (PLI) scheme that will run simultaneously in 10 identified sectors for…
Chennai (IANS) The role of Reserve Bank of India (RBI) in the Board of Directors of Dhanlaxmi Bank (originally Dhanalakshmi Bank) should be reviewed, said a top official of the largest union in the banking sector.
Stating that the small private…
New Delhi (IANS) In line with its ambitious plan to make India a toy hub and self-reliant in the segment, the Union government is likely to go a step forward and impose further non-tariff barriers on toy imports.
Official sources told IANS…
New Delhi (IANS) No further relaxation is likely in terms of e-invoicing as the Centre is set to go ahead with the decision to make GST e-invoicing mandatory for companies with annual turnover of over Rs 500 crore for their business-to-business transactions…
New Delhi (IANS) Airline major IndiGo foresees a faster pace of traffic pick-up on the back of upcoming festive season as well as capacity augmentation, the airline's CEO said.
In a conversation with IANS, Ronojoy Dutta, Wholetime Director…
New Delhi (IANS) Despite a stay by Delhi High Court on Bank of Baroda as the lead bank, Indian Bank has classified its loan exposure to Reliance Home Finance as fraud.
Indian Bank has classified its exposure to Reliance Home Finance Ltd (RHFL)…
New Delhi (IANS) The path to recovery will be more painful for emerging markets such as India and the banks' recovery to long-term averages for key asset quality and profitability ratios will take years, S&P Global Ratings said.
India,…
Mumbai (IANS) Reliance Industries Limited on Wednesday announced that global investment firm KKR will invest Rs 5,550 crore into its subsidiary Reliance Retail Ventures Limited to pick up 1.28 per cent equity in the company.
This investment…
Mumbai (IANS) Shares of telecom majors Bharti Airtel and Vodafone Idea Ltd (VIL) were under pressure on Wednesday after Reliance Jio announced a range of postpaid plans with several benefits, to take on both Airtel and Vodafone Idea in the postpaid…