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Union Bank, Canara Bank and LIC Housing Finance to challenge NCLT's decision allowing Zee Group Founder Subhash Chandra's repayment plan

New Delhi, Aug. 29 -- Lenders such as Union Bank of India (UK) Ltd, Canara Bank and LIC Housing Finance Ltd have decided to challenge the National Company Law Tribunal's recent decision allowing Zee G... Read More


Turnover on MCX hits new high at Rs.62.39 lakh crore

New Delhi, Aug. 29 -- The commodity derivatives trading turnover on MCX hit an all-time high of Rs.62.93 lakh crore on Friday on the back of sudden rise in gold prices and improved participation amid ... Read More


Tata Sons gets RoC nod to hold AGM by December-end

New Delhi, Aug. 29 -- Tata Sons has secured an extension from the Registrar of Companies to hold its annual general meeting by December-end, a company executive confirmed on Saturday. Tata Sons submi... Read More


RBI to conduct VRRR auction for Rs.6 lakh crore on Aug 31

New Delhi, Aug. 28 -- In order to absorb surplus liqudity in the banking system arising from robust inflows via Foreign Currency Non-Resident (Bank) deposits, the RBI has decided to conduct a 15-day V... Read More


SEBI bars Trafiksol, promoters from markets for a year

New Delhi, Aug. 28 -- The Securities and Exchange Board of India (SEBI) has barred Trafiksol ITS Technologies and its promoters, Jitendra Narayan Das and Poonam Das, from the securities market for one... Read More


SEBI proposes scrapping merchant banker mandate for small-value debt issues

New Delhi, Aug. 28 -- The Securities and Exchange Board of India has proposed granting an exemption from mandatory appointment of a merchant banker for small-value debt issued by listed companies thro... Read More


India could hit $5.1 trillion by FY29, says OmniScience Capital

New Delhi, Aug. 28 -- India's economy could reach $5.1 trillion by FY29 under a base case scenario, according to an analysis released Friday by OmniScience Capital, citing improving banking sector hea... Read More


Subhash Chandra speaks out on NCLT allegations, airs plans to go to Switzerland

New Delhi, Aug. 28 -- Zee Group Founder Subhash Chandra in a video message challenged the allegations of financial swindling against him in light of the repayment allowance by the NCLT and aired plans... Read More


Fino Payments Bank on course to submit its readiness to RBI on transitioning to a SFB by Q4FY27, says Interim CEO

New Delhi, Aug. 28 -- Fino Payments Bank Ltd (FPBL) is advancing well and remains on track to meet RBI stipulated conditions for transition to Small Finance Bank (SFB), according to Interim CEO Ketan ... Read More


Monarch PMS expects gold to hit $4,700 an ounce by year end

New Delhi, Aug. 28 -- Monarch PMS expects gold prices to trade between $4,300-$4,700 an ounce and silver at $70-$85/ounce by end-2026 as its base case, with a 55 per cent probability. The scenario as... Read More