The Madras high court has suggested the central government to bring in appropriate amendments in the Passport Rules, so that banks and financial institutions can demand surrender of passports from those availing loans and prevent defaulters from fleeing the country.
Domestic cooking gas (LPG) price was cut by Rs 5.91 per cylinder Monday, the second straight reduction in a month's time due to tax impact on reduced market rate of the fuel.A 14.2-kg subsidised LPG cylinder will cost Rs 494.99 in the national capital from midnight tonight as against Rs ...
MUMBAI: The IL&FS crisis points out to risk to systemic stability from financial conglomerates (FCs) and there is a need for "closer attention" on their oversight framework, the Reserve Bank of India (RBI) said Monday.In its half-yearly Financial Stability Report, the RBI said FCs pose "clear risks" as intra-group transactions ...
BSP Supremo Mayawati has said that her party can consider withdrawing support to the newly-elected governments in Madhya Pradesh and Rajasthan if they do not withdraw the cases "against the innocent persons framed in Bharat Bandh". BSP has two members in MP's 230-member assembly, while in Rajasthan her party has ...
Investor wealth eroded by Rs 7.25 lakh crore in 2018 amid volatile broader market conditions.The market capitalisation (m-cap) of the BSE-listed companies slumped by Rs 7,25,401.31 crore to Rs 1,44,48,465.69 crore this year.The BSE benchmark Sensex has gained 2,011.5 points, or 5.90 per cent, in 2018.From its all-time peak of ...
"In stark contrast to the bullish opening today, the last trading session of the calendar year, market closed on a flattish note. Mixed cues from global markets, lack of any fresh trigger, ensured that the session remained uneventful," said Joseph Thomas, head research, Emkay Wealth Management.
MUMBAI: The asset quality of banks showed improvement with gross non performing assets' (GNPAs) ratio declining to 10.8 per cent in September 2018 from 11.5 per cent in March 2018, a Reserve Bank of India (RBI) report said Monday.The net NPAs ratio also witnessed a fall at 5.3 per cent ...
According to the navy, all precautions are being taken to ensure that divers do not suffer from decompression sickness, which is usually experienced in a compressed environment as that of the mine in Lumthari village.