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HDFC Bank issues 400,000 credit cards after regulator lifts embargo

The record issuance is as of September 21, 2021, and marks the aggressive growth path the bank has embarked on post the embargo

Cabinet okays revamped mid-day meal scheme with expanded coverage

According to an official statement, coverage will now extend to the students studying in pre-primary or Bal Vatikas of government and government-aided primary schools

Cabinet approves ECGC IPO, Rs 4,400 crore capital infusion: Goyal

Out of the total amount, Rs 500 crore will be infused in current fiscal, another Rs 500 crore will be infused in FY23 and remaining amount will be infused as and when required

RBI takes Indian Overseas Bank out of Prompt Corrective Action framework

IOB was placed under PCA in October 2015 on account of high net-performing assets and negative Return on Assets (RoA).

Field officers are recovering GST without notice: Industry experts

In the recent instruction, the GST investigation wing asked the field formation to issue showcause notices well before the last date, so that the probe can be completed

Covid-induced lockdowns hit private sector's overseas borrowing

Total external debt of the country rose by 2.1 per cent to $570 billion as of March-end 2021, against $558.4 billion a year ago

Term insurance premium set to rise by 25-30% after Munich Re hikes rates

Reinsurance rates hiked by upto 40%; Premiums may increase by 30%

DHFL acquisition to see Piramal Enterprises sharpen its retail focus

Completes acquisition; pays Rs 34,250 cr to creditors

Rs 100-trillion Gati Shakti master plan launch likely next month

Several rounds of inter-ministerial consultations have already taken place and the Cabinet note is ready, two government officials aware of the matter said

Govt expands ECLGS coverage ahead of festive season, economic upturn

The ECLG scheme will now end on March 31, 2022 or till guarantees for Rs 4.5 trn are issued, whichever is earlier. However, loans under the scheme can be disbursed till June 30

Sharp rise in natural gas prices, power outages worsen inflation worries

Brent crude up nearly 20% in the past month and hit a 3-yr high on Tuesday

Invesco moves NCLT against Zee, petition to be heard on Thursday

Move premature; in process of taking required steps: Zee

Zostel vs Oyo: Delhi High Court to hear case on October 7

Zostel is a backpacker hostels chain which has been embroiled in a legal battle with OYO for the last three years after merger talks broke down

Acuite Ratings to incorporate ESG norms into its credit ratings

ESG in Credit Risk and Ratings Statement is supported by over 170 investors who have nearly $40 trillion Assets Under Management and 27 credit rating agencies over the world

PE firm KKR affiliate sells part of its stake in Max Healthcare

The shares were sold by Kayak Investment holdings, an affiliate of the private equity firm KKR for Rs 350 per share

RPT tweak ups compliance burden: How Sebi changes rules of the game

The new definition of RPTs under Sebi's LODR Regulations impacts its coverage, method of approval and disclosures

DHL Express, Blue Dart raise annual shipment prices for 2022

Upward price revision to be effective January 1, 2022

Silver ETF to boost domestic MFs, can match gold ETF on popularity: experts

Globally, there are at least four silver ETFs with AUM of more than $1 billion. iShares Silver Trust, the world's biggest silver ETF, has AUM of over $12 billion.

SBI and other PSUs gain amid rejig of Nifty indices, HDFC Bank dips

RIL's weightage was reduced slightly, while HDFC Life's edged up in the benchmark Nifty index

Will step down from Tata board if there's a conflict, says Ajay Piramal

In an interview, Piramal Group chairman said he would not hesitate to step down from Tata Sons board if there is a sense of conflict of interest after his acquisition of DHFL