Oriental Bank cuts MCLR for various tenors by up to 0.15 pc from Friday
For other tenors from overnight to 6-months, the MCLRs have been cut in the range of 0.05-0.10 per cent.State-owned Oriental Bank of Commerceon Thursday announced to cut the marginal cost of funds based lending rate (MCLR) for various…
Religare Finvest to open up on how much of its debt is unsustainable after RBI’s sanction
Debt restructuring could be considered as an early sign of a winding down of the credit crisis.Religare Finvest Ltd., an Indian financier sanctioned by the nation’s central bank, is “hopeful” of revamping 58.5 billion rupees ($815…
Oil surges as market recovers after US-Iran dial down on potential Middle East crisis
U.S. oil added 61 cents, or 1%, to .22 after falling nearly 5% in the previous session. .Oil prices rose on Thursday, recouping some of the heavy losses from the previous session as the market rebalanced after Washington and Tehran…
ED attaches over Rs 2,500-cr assets of Haryana-based SRS Group in connection with fraud case
The ED said its probe found that the promoter of the group, Anil Jindal, and founder directors Jitender Kumar Garg and Praveen Kumar Kapoor along with other accomplices “hatched a criminal conspiracy” .Assets worth over Rs 2,500 crore…
SBI home loan refund scheme: Is it actually any good for homebuyers, real estate sector?
A loan can also be availed between Rs 50 crore to Rs 400 crore by the builders fulfilling diligence by the SBI.SBI’s latest home loan scheme offering insurance to homebuyers against delivery delay will not only provide more comfort to…
Asian stocks make up for losses as US shows restraint after Iran’s missile attack
Oil now sits just about where it was before the killing of the Iranian commander, Qassem Soleimani, in Baghdad.Asian stocks rebounded on Thursday and oil edged up as the United States and Iran backed away from the brink of further…
Air India sale: Govt to release EoI, Share Purchase Agreement in a week
With a mounting pressure to get its stake in the airline divested, the Indian government also approved a major debt recast. (Image: Reuters)As the government desperately tries to off load state-run carrier Air India, it is expected to…