Thomas' letter is part of the first information report (FIR) filed by the Economic Offence Wing of the Mumbai Police on Monday.
The complete harmonisation among the three entities would take another 12 to 14 months after the merger
Before suffering the steepening slump in sales, the auto industry provided one of the few bright spots for manufacturing
Accountancy firm EY eplaced PwC as Thomas Cook's auditors in 2017
The police complaint accuses the bank’s management of concealing non-performing assets and disbursing loans leading to a loss of at least Rs 4,355.46 crore
The corporate affairs ministry will be implementing the personal insolvency regime in phases.
The government on Tuesday appointed S S Mallikarjuna Rao as managing director of Punjab National Bank in place of Sunil Mehta.
Wholesale commodity markets, including metal and bullion, will also be closed
A proper definition needs to outline the thickness of the polythene carry bags, whether it is less than 50 microns, said Plastindia Foundation president Jigish Doshi
InterGlobe Aviation is the parent of IndiGo, the country's largest airline in terms of domestic market share
There is a likelihood that there will be some revival in the consumer spending in the next two months on account of the festive season demand, which could offer some relief to the economy.
Electoral bonds are being pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency in political funding
The bank, which has 137 branches and over Rs 11,000 crore in deposits, has been put under restrictions since last week after the RBI discovered certain financial irregularities in the functioning of the multi-state lender.
The index of eight core industries for August 2019 fell by 0.47 percent from a year ago
Sensex recovered 250.06 points or 0.65% to trade at 38,917.39, while the broader Nifty was up 69.30 points or 0.60% at 11,543.75 in opening trade
"If I do not get satisfactory replies to my questions, in the next two-three months I will file a class action suit against RPower," a shareholder warned Anil Ambani.
The whistleblower report has detailed the massive misreporting of NPAs by PMC Bank, primarily because of its huge exposure to crippled developer HDIL that owes around Rs 6,500 crore to the bank
During April-August, growth in the eight core industries grew by 2.4 percent from 5.7 percent in the year-ago period
The wholesale price of onions have fallen down to Rs 3,400 to Rs 3,200 per quintal in Lasalgaon, the largest wholesale market for onions in the country
Forever 21 joins Barneys New York and Diesel USA in a growing list of retailers seeking bankruptcy protection as they battle online competitors
DHFL said, the company, in the past 12 months has repaid obligations of nearly Rs 45,000 crore, which is nearly 40 percent of its current balance sheet size.
Sensex plunged over 310 points in opening trade on Monday due to sell-offs mainly in financial, metal and auto stocks amid subdued global cues
RCom itself sought bankruptcy early February after its efforts to sell spectrum to Reliance Jio failed due to regulatory delays
China's manufacturing sector has done poorly in recent months due to weak domestic demand and higher trade tariffs
The government fund will help good developers finish their pending projects, which are non-NPA and non-NCLT, said HDFC's Deepak Parekh.
Apart from the RBI dividend, there are other means of bridging any shortfall, including mop-up from disinvestment and higher utilisation of National Small Saving Fund.
Saudi Arabia is a key pillar of India's energy security, being a source of 17 percent or more of crude oil and 32 percent of LPG requirements of India
In the confession letter, Thomas also put the actual NPA number at 60-70 percent as against a reported net NPA of 2.19 percent as of 31 March 2019, the source said.
According to the source, of the Rs 8,880-crore loan book (as of 19 September 2019) that PMC Bank had, more than Rs 6,500 crore or over 73 percent of the assets are with the bankrupt HDIL group only.
PSUs have been asked to detail lifespan of arbitrations that lock payments after disputes with vendors and contractors