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There are two separate cases in the Bombay High Court and an ongoing hearing at the Debt Recovery Tribunal (DRT) in Pune against DHFL.By Ankur Mishra  Dewan Housing Finance Corp (DHFL) could soon be referred to the Mumbai bench of the…

CSB Bank CEO CVR Rajendran The 98-year-old CSB Bank, which received a capital infusion from Canadian billionaire Prem Watsa’s Fairfax India, has capital required for the next three to four years and the initial public offering (IPO) by…

All three categories — global, emerging market and Asia/Asia-Pacific — of regionally diversified equity funds and ETFs turned out to be net sellers of Indian equities for the quarter under review, it said.India-focussed offshore funds…

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Facebook CEO and co-founder Mark Zuckerberg had recently made a statement where he revealed that TikTok has more users than Instagram in India.Facebook CEO and co-founder Mark Zuckerberg has been secretly using TikTok. According to a…

According to RBI’s latest data, deposit insurance covers 92% of the total number of accounts in India but only 28% of the total deposits with the banking system.The government is considering raising the insurance cover for bank deposits…

Standalone revenue declined 17% y-o-y due to weak OE production; however, other subsidiaries reported modest growth–revenue up 2.4% for SMR, 12% for PKC and 20% for SMP.Q2Fy20 consolidated Ebitda at Rs 13.2 bn (margin 8.3%) was ~6%…

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Jaypee Infratech owed nearly Rs 10,000 crore to bankers.State-owned NBCC Ltd on Sunday sweetened its bid to acquire bankruptcy-bound Jaypee Infratech, by offering lenders 1,426-acre land instead of 950 acres earlier and also providing…

With the arrest of Rajneet Singh, total nine persons have been arrested in connection with the alleged Rs 4355-crore scam, including three top bank officials and two promoters of HDIL –Rakesh and Sarang Wadhawan, and auditors.A day after…