Business

Shares of Bandhan Bank shot up 20% to hit the upper circuit limit amid reports that the stock will be added to the MSCI index.

DHFL shares hit lower circuit as well as 52-week low on both the stock exchanges and settled on the same. DHFL has been severely impacted by the NBFC crisis which unfolded late last year following the IL&FS bankruptcy.

The reply from the RBI maintained that complete data and the year-wise break up of writing off loans to the tune of Rs 500 crore and more was not available.

In his new role, Vikas will lead initiatives related to new partnerships and development of digital payments solutions in the country, a company statement said.

Indiabulls Housing Finance (IBHF) stock tumbled 18.02 per cent to trade at Rs 197 on the BSE. In early trade, the scrip touched its 52-week low of Rs 192.65, shedding 19.82 per cent over its previous close.

The one-year MCLR, to which all the lending rates, barring those retail loans linked to the repo rate since October 1, are linked to, is set at 8.05 percent as against 8.15 percent earlier.

The report by RedSeer said there was a 30 per cent year-on-year growth during the first festive sale event, with significant share coming from customers in tier-II cities and beyond.

Alka Tyagi, Chief Commissioner of Income Tax (Unit 2) in Mumbai, had reportedly written to Sitharaman, making serious allegations against CBDT Chairman Pramod Chandra Mody.

In its fourth bi-monthly policy review, the central bank had reduced its benchmark lending rate by 0.25 per cent to revive growth.

Following the RBI's Monetary Policy Committee (MPC) decision, the domestic currency was trading at 70.89 at 1238 hrs, down 2 paise over its last close.

The move came a few days after the government issued a look-out circular against the two directors after preliminary findings allegedly revealed financial irregularities at HDIL.

The South Korean tech giant's ceased phone production in China follows other manufacturers shifting production from China due to rising labour costs and the economic slowdown.

The Financial Reporting Council said it will examine whether accountancy firm EY -- which replaced PwC as Thomas Cook's auditors in 2017 -- acted properly in scrutinising its books.

Besides the estimated loss of Rs 2.68 crore, the government exchequer also suffered a loss of Rs 46 lakh.

This massive fund erosion began after some of the large depositors reportedly got a whiff of the whistleblower's leak to the regulator, which finally undid the bank on September 23.

Mumbai Police said special investigation team will be probing the case. The bank, which has 137 branches and over Rs 11,000 crore in deposits, has been put under restrictions after the RBI discovered financial irregularities.