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Reserve Bank Governor Shaktikanta Das on Thursday said it is closely monitoring the situation at scam-hit PMC Bank and a forensic audit is underway. Punjab & Maharashtra Cooperative Bank (PMC Bank), among the top 10 urban cooperative banks in the
Chinese smartphone makers, Oppo and Vivo continued their scorching pace of growth in the Indian market in FY19, with both the brands together pushing parent BBK Electronics Corp’s India revenue near the Rs 40,000 crore milestone in their fifth year of operation.
The government is mulling a special window to address debt woes of stressed non-banking financial companies under the insolvency law, a senior official said on Thursday. Persisting liquidity issues in the NBFC space as well as the financial woes of some groups
Banks have agreed for a one-time settlement for Tamil Nadu-based Coastal Energen, which owes creditors Rs 6,500 crore. Lenders have agreed to sell the company’s debt at a 55% haircut to a consortium comprising Hong Kong’s alternative investment
Zillow shares surged 14% during extended trading after the online real estate website posted a third-quarter revenue beat. Zillow reported revenue of $745 million, compared to the $718 million Wall Street expected, according to Refinitiv consensus estimates.