NEWS


Jignesh Shah's firm to move NCLAT against Piramal's DHFL bid

Jignesh Shah's firm to move NCLAT against Piramal's DHFL bid

63 moons technologies will move NCLAT to challenge NCLT order which allowed Piramal Group to take over DHFL.

World Bank cuts India’s growth forecast to 8.3%

World Bank cuts India’s growth forecast to 8.3%

World Bank cuts its FY22 growth forecast for India to 8.3% from 10.1% estimated earlier in April due to crippling impact of second wave of coronavirus.

NCLT approves Piramal’s bid for DHFL

NCLT approves Piramal’s bid for DHFL

NCLT approves Piramal Group’s bid for bankrupt-DHFL, subject to final judgments in NCLAT and Supreme Court.

RBI opens Rs 15,000 cr liquidity window to hotels, tourism, salons

RBI opens Rs 15,000 cr liquidity window to hotels, tourism, salons

RBI opens separate liquidity window of Rs 15,000 cr to Covid-hit sectors; hotels, tourism and salons are included in list.

India’s forex reserves crosses record high of $600bn

India’s forex reserves crosses record high of $600bn

India's forex reserves may have crossed record level of $600bn on back of robust capital flows, says RBI Guv Shaktikanta Das.

RBI's Rs 1.2 lakh cr liquidity support under GSAP 2.0 in Sept quarter

RBI's Rs 1.2 lakh cr liquidity support under GSAP 2.0 in Sept quarter

RBI will buy bonds worth Rs 1.2 lakh crore in the September quarter under its G-Sec Acquisition Program 2.0.

RBI cuts GDP forecast, markets fall from new peaks

RBI cuts GDP forecast, markets fall from new peaks

RBI cut GDP growth forecast for FY22 to 9.5% from earlier estimate of 10.5% due to impact of Covid, leaving markets to retreat from new peaks; key policy rates left unchanged.

RBI cut GDP growth forecast for FY22 to 9.5%

RBI cut GDP growth forecast for FY22 to 9.5%

RBI cut GDP growth forecast for FY22 to 9.5% from earlier estimate of 10.5% due to impact of Covid, leaving markets to retreat from new peaks; key policy rates left unchanged.

RBI leaves repo rate unchanged

RBI leaves repo rate unchanged

Loan borrowers cheer as RBI leaves benchmark interest rate unchanged at a record low at 4%; reverse repo rate also kept unchanged at 3.35%.

PNB cuts one-year MCLR by 0.05%

PNB cuts one-year MCLR by 0.05%

Punjab National Bank cuts MCLR across select tenors; one-year MCLR is cut by 0.05% to 7.30%.

DHFL: Wadhawan moves SC against NCLAT order

DHFL: Wadhawan moves SC against NCLAT order

DHFL erstwhile promoter Kapil Wadhawan moves SC against NCLAT’s order staying ruling of NCLT, which asked banks to consider his settlement offer.

PNB Housing Finance lines up Aditya Puri, Carlyle as investors

PNB Housing Finance lines up Aditya Puri, Carlyle as investors

PNB Housing Finance will raise up to Rs 4,000 cr; Punjab National Bank to no longer be majority shareholder.

RBI fines HDFC over auto loan violations

RBI fines HDFC over auto loan violations

Fine of Rs 10 cr is largest ever imposed by RBI on HDFC Bank; car loans were bundled with expensive GPS tracking device from a particular seller.

RBI flags risk of 'bubble' in Indian stocks

RBI flags risk of 'bubble' in Indian stocks

Asset price inflation in context of estimated 8% contraction in GDP in 2020-21 poses risk of a bubble, says RBI.

RBI flags risk of 'bubble' in Indian stocks

RBI flags risk of 'bubble' in Indian stocks

Asset price inflation in context of estimated 8% contraction in GDP in 2020-21 poses risk of a bubble, says RBI.