With the Reserve Bank of India (RBI) asking the administrator of Lakshmi Vilas Bank Ltd (LVB) to write down Tier-2 bonds worth Rs318.20 crore, several investors who bought these bonds are staring at huge loss. Earlier, the RBI has written off entire equity capital of LVB following the...
Even though India's economic recovery accelerated in Q2FY21 from the lows of the pandemic-induced lockdown, the country for the very first time since Independence entered into a technical recession.
The National Statistical Office (NSO) data on Friday showed that the Q2FY21 GDP on a...
While extending an interim bail granted to Republic TV's editor Arnab Goswami, the Supreme Court on Friday said liberty is not a gift for the few and courts from across the country should use its judgement for future cases for bail.
In the judgment, the bench of justice Dr DY...
In a major turn of events in the DHFL resolution process, the Committee of Creditors (CoC) is likely to invite fresh bids for the bankrupt NBFC and sources say that Adani Group, Piramal Enterprises and Oaktree may bid for the entire portfolio of the company.
The lenders are likely...
The very severe cyclonic storm Nivar weakened into a well-marked, low-pressure area over south coastal Andhra Pradesh and adjoining west central Bay of Bengal by Friday morning.
"The associated cyclonic circulation now extends up to 4.5 km above the mean sea level," a Met official...
