Banks general
HSBC brings European operations under French unit ahead of Brexit
09 Aug 2018
HSBC, Europe’s biggest bank, has shifted ownership and operational control of its Polish and Irish subsidiaries from its London-based entity to its French unit, as Brexit looms
Government withdraws FRDI Bill in Lok Sabha
08 Aug 2018
Facebook asks US banks to share customer data; plays down privacy fears
07 Aug 2018
Facebook has had discussions with JPMorgan Chase, Wells Fargo, Citigroup and US Bancorp in the past year about sharing customers' financial data to enhance its Messenger texting platform
RBI hikes policy repo rate by 25 bps to 6.5% as inflation spikes
01 Aug 2018
The Reserve bank's Monetary Policy Committee has reiterated its commitment to achieving the medium-term target for headline inflation of 4 per cent on a durable basis even as consumer price inflation rose from 4.9 per cent in May to 5 per cent in June, driven by an uptick in fuel prices
India asks Antigua to detain Mehul Choksi
31 Jul 2018
SBI raises Fixed Deposit interest rates
31 Jul 2018
US court allows PNB to summon Nirav Modi, others over US asset sale
28 Jul 2018
A New York bankruptcy court has recognised Punjab National Bank’s claim on fugitive diamond trader Nirav Modi’s three US-based companies and allowed the bank to examine Nirav Modi, Mihir Bhansali and Rakhi Bhansali
Vijay Mallya offers to return as ED moves to confiscate his assets
25 Jul 2018
Beleaguered tycoon Vijay Mallya’s change of heart comes after the Enforcement Directorate moved to confiscate his assets in India and abroad under the Fugitive Economic Offenders Ordinance
Banks, FIs sign inter-creditor pact to fast-track NPA resolution
24 Jul 2018
As many as 22 public sector banks, 19 private and 32 foreign banks as well as financial institutions, including LIC, HUDCO, PFC and REC, signed the inter-creditor agreement to fast-track resolution of stressed assets
Bandhan Bank Q1 net rises 47.5% to Rs481.7 cr
19 Jul 2018
Govt drops FRDI bill citing public anxiety over bank deposits
18 Jul 2018
The bill, drafted in the backdrop of mounting bad loans with state-run banks, unnerved depositors as the bill proposed to limit insurance cover for bank deposits
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation