Terming attempts by the Opposition of raising the issue of banks writing off debt of wilful defaulters as "misleading" Finance Minister Nirmala Sitharaman said that the Modi government was in fact cleaning up the financial system and going after wilful defaulters while remaining committed to ending corruption and cronyism. ....

The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note. ....

The Uttar Pradesh government has clarified that no irregularities had been committed in procurement of PPE kits that were supplied to doctors and para-medical staff of government medical colleges across the state, after start of the Covid-19 pandemic. ....

US oil prices tumbled again on Tuesday with the June contract of WTI crude on the NYMEX falling nearly 20 per cent amidst a supply glut and storage concerns. ....

Coca-Cola India on Tuesday committed an initial support of over Rs 100 crore for helping the healthcare system and communities to combat the COVID-19 crisis and contain the spread of the pandemic. ....

Private lender IndusInd Bank's consolidated net profit fell 14.05 per cent during the fourth quarter of FY20. ....

Indian banks have technically written off a staggering amount of Rs 68,607 crore due from 50 top wilful defaulters, including absconding diamantaire Mehul Choksi, according to a reply under RTI from the Reserve Bank of India (RBI). ....

The key Indian equity indices rose on Monday with the BSE Sensex rising over 700 points tracking gains on the Asian stock markets. ....

To ease liquidity pressures on Mutual Funds, the Reserve Bank of India on Monday decided to open a special liquidity facility (SLF-MF) worth Rs 50,000 crore. ....

Union Minister of State for Finance Anurag Thakur on Saturday said that the government wants to make India the next manufacturing hub, post coronavirus. ....