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Foodpanda said that management is revamping the entire process to focus on becoming leaders in food manufacturing and processing.Foodpanda, owned by ride-hailing company Ola, has posted a wider loss of Rs 756.42 crore for FY19 compared…

The central bank said as public funding alone cannot finance the necessary transformation required to address climate change, green finance is required to be harnessed for financing environment-friendly sustainable development.The…

The largest company by market value, Reliance Industries, added the most in market capitalisation during the year.The benchmark Nifty50 has rallied 12% in 2019, despite several domestic and global issues that plagued financial markets.…

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The number of fraud cases reported by lenders also jumped to 6,801 in 2018-19, compared to 5,916 cases in 2017-18.Banks reported a total fraud of Rs 71,543 crore in 2018-19, a 74 per cent increase as against Rs 41,167 crore in the…

The observations were made in the RBI’s report on trend and progress of banking for 2018-19.Stress in large accounts has been on the rise at both private and public sector banks in H1FY20, Reserve Bank of India (RBI) said on Tuesday even…

Listed entities should disclose deviations alongside the announcement of their financial results.The Securities and Exchange Board of India (Sebi) on Tuesday prescribed a uniform format in which listed companies have to disclose…

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The report said a total Rs 425.96 crore was collected from farmers under the Pradhan Mantri Fasal Bima Yojana from 13.69 lakh farmers for Kharif 2019 season, which covers a total 25.45 lakh hectare area.Gross NPAs of Gujarat banks have…

Lenders to an Indian shadow bank at the center of an industry crisis since it started defaulting three months ago have called for binding bids from potential rescuers by mid-January, people familiar with the matter said. Altico Capital…