Chanda Kochhar faces charges for alleged money laundering. Bombay HC had earlier dismissed her plea against being removed as ICICI Bank CEO.
Slower increases in factory orders, exports and buying levels have pulled down India's manufacturing sector activity to a 3-month low in Nov.
Adani Group makes revised bid of Rs 33,000 cr for DHFL, surpassing Oaktree's offer of Rs 28,300 crore.
Output of 8 core infrastructure sectors, which accounts for 40.27% in IIP, contracts 2.5% in Oct.
This is 2nd straight quarter of GDP contraction, though economy showed signs of rebounding after slipping to record slump of 23.9% in previous quarter.
Best buying opportunity to homebuyers as RBI infuses liquidity, govt provides concessions and developers relax stamp duty, says HDFC Ltd CEO Keki Mistry.
RBI declined to grant Muthoot Finance a no-objection certificate as it is "not in consonance with the activity of an operating NBFC."
The prices of primary articles will have a cascading effect on the price of all goods across sectors," said Federal Bank executive director Ashutosh Khajuria.
Moody's also revises upwards India's GDP forecast for calendar year 2021 to 8.6% growth, up from its earlier projection of 8.1% expansion.
The Rs 10,000 crore outlay will be channelised through the Pradhan Mantri Garib Kalyan Rozgar Yojna.
Banks must ensure all accounts are linked with Aadhaar numbers of respective customers by 31 March 2021, FM Nirmala Sitharaman said.
Carlyle Group appoints Aditya Puri as a senior adviser in Asia as it seeks to source new investment opportunities and strengthen its portfolio companies.
SBI Card reports record spike in bad loans. At the peak of the lockdown due to Covid, it blocks 12.5 lakh cards.
