Business

PMC Bank’s activities were curbed last September after the RBI found financial irregularities.

Most of those who lost jobs at Aramco were foreigners, the sources said. One source estimated that 500 people had been laid off, adding that the job losses were mostly based on performance and similar actions took place each year.

The plan has been under review since at least April, according to a government document, and is in line with Prime Minister Narendra Modi's recently announced self-reliance campaign to promote local products.

Vodafone Idea admitted no bank will give the company loan today and said it will have to fold up if asked to pay the dues upfront.

Internal dissent is often encouraged at Silicon Valley tech giants, but the companies have been accused of penalizing workers who organise and air complaints publicly.

The move is in line with rate cuts by lenders like State Bank of India.

The paper said that growing size and complexity of India's financial system underscores the significance of strengthening governance standards in banks.

India's overall engineering exports, comprising industrial machinery and auto parts, constitute nearly a quarter of total goods exports.

The meeting on Emergency Credit Line Guarantee Scheme (ECLGS) was held through a video conference, and the minister appreciated the efforts of banks in execution of the scheme.

The rainfall index, in fact, is a precursor to a weather derivative that would be launched subsequently from the NCDEX platform.

Kotak said the sequencing of reforms in the current environment is critical, especially in the area of divestment.

The blowout began on May 27 from the well in Tinsukia district from which gas is "uncontrollably" flowing out for the ninth day on Friday.

The reserves, which are counted as a key strength as the country faces the economic impact of the COVID-19 pandemic, had risen by $ 3 billion to an all-time high of $ 490.044 billion in the previous week.

The e-voting window was scheduled to open on June 9 and close on June 11 and the unit holders' meeting through video conferencing was to be held on June 12.

For one, guidelines issued under the Emergency Credit Link Guarantee Scheme (ECLGS) are not uniform and different banks have framed their own guidelines leading to confusion and hardship in making use of the schemes at a time when industries are in dire s...

The fund has been created to encourage the adoption of 'Points of Sale' machines by businesses in tier-3 to tier-6 centres and Northeastern states.