The bank invoked the pledged shares for recovery of its dues from Seajuli. Private sector lender IndusInd Bank on Tuesday said it has sold 4.5% and 4.18% of invoked shares of battery manufacturer Eveready Industries and tea maker McLeod Russel, respectively. Eveready and McLeod Russel are group companies of financially […]
Banking & Business
Public sector lender, Union Bank of India has slashed the marginal cost of funds-based lending rates (MCLR) by up to 15 basis points across various tenors. The revised MCLR will be applicable from August 11. The revised lending rate of the bank is at 6.80%-7.25%. Its overnight rate has been […]
Hindi News Business Chinese Citizens Were Collaborating With Indians Through Shell Companies, Money Laundering, Hawala Transaction Worth More Than 1000 Crores Came Out नई दिल्ली5 घंटे पहले कॉपी लिंक आईटी डिपार्टमेंट द्वारा अलग-अलग ठिकानों पर इस कार्रवाई को अंजाम दिया गया है। इसमें कई चीनी नागरिक, उनके भारतीय सहयोगी और […]
(Representative image) NEW DELHI: The income tax (I-T) department has conducted raids against some Chinese individuals and their local associates for allegedly indulging in a money laundering racket involving Rs 1,000 crore using shell or dubious firms, the Central Board of Direct Taxes (CBDT) said on Tuesday. It said the […]
Family businesses which have not yet recognised the rights of daughters will see an impact from the Supreme Court’s verdict on Tuesday that gives retrospective effect to a 2005 amendment to the Hindu Succession Act of 1956, experts said. The apex court has ruled that daughters will have equal coparcenary […]
India’s industrial output contracted 16.6% in June from a year earlier, government data showed on Tuesday, as a monthly measure indicated some recovery in the sector that was hit by lockdowns imposed to curb the spread of coronavirus. Analysts polled by Reuters had expected industrial output contraction of 20.0% in […]
नई दिल्ली। कोविड-19 संकट के बीच लॉकडाउन की वजह से औद्योगिक उत्पादन में गिरावट देखने को मिली है। देश का औद्योगिक उत्पादन इस बार जून महीने में सालाना आधार पर 16.6 फीसदी घट गया है। सरकारी आंकड़े के अनुसार मुख्य रूप से विनिर्माण, खनन और बिजली उत्पादन कम रहने से […]
Galaxy Surfactants Ltd announced its Q1FY21 results on Aug 11, 2020. Consolidated net revenue of Galaxy Surfactants Ltd in Q1FY21 stood at Rs607.16cr, which declined by 8.7% yoy from Rs665.02cr in Q1FY20. EBITDA stood at Rs90.46cr in Q1FY21 that decreased by 5.89% yoy. For Q1FY20, it had posted EBITDA of […]
The Results of the auctions of State Development Loans for 9 State Governments / Union Territories held on August 11, 2020. Table (₹ in crore) ANDHRA PRADESH 2024 ANDHRA PRADESH 2039 ANDHRA PRADESH 2040 CHHATTISGARH 2024 Notified Amount 1000 1000 1000 1300 Underwriting Notified Amount NIL NIL NIL NIL […]
The scheme, which is applicable till March 2021, allows rescheduling of most retail and corporate loans, including MSME loans that were not impaired prior to March 1, 2020. The Reserve Bank’s scheme to allow lenders to recast loans will extend uncertainty over the banking sector’s asset quality, Fitch Ratings said […]