Business

Top gainers in the Sensex pack included HDFC, ITC, TCS, NTPC, Asian Paint, L&T, IndusInd Bank, HDFC Bank, Axis Bank, SBI and Sun Pharma.

Top gainers in the Sensex pack included Bajaj Finance, ONGC, Yes Bank, HDFC, HCL Tech, Tech Mahindra, TCS, ICICI Bank and RIL, rising up to 3.57 per cent.

At the interbank foreign exchange, the rupee opened at 71.26 then fell to 71.33 against the US dollar, showing a decline of 10 paise over its previous closing.

Loans of Rs 300 crore were disbursed by Shivajirao Bhosale Co-op Bank to bogus borrowers at the behest of politicians, bringing about the present crisis.

The RBI in its Monetary Policy Report, October 2019, has also said that a combination of domestic and global headwinds has depressed economic activity in the country.

The terms of reference of the panel include making suggestions about systemic changes in goods and services tax (GST) including checks and balances to prevent misuse and measures to improve voluntary compliance.

Bank of Baroda, Union Bank of India and Syndicate Bank have started the practice of segregating retail loans into their own versions of prime and subprime risk exposure.

The RTI replies demonstrate a constant surge in the amount written off by public sector banks and private banks in the country since 2014-15. Between 2015 and 2018, a total of Rs 2.17 lakh crore were written off as bad debts.

Banks are expected to present report card on partial credit guarantee scheme and fund raising from market to enhance their capital base.

The banks had sought approval from the Reserve Bank of India (RBI) on May 7, 2019.

As per the central government data, the average retail price of tomato in Delhi increased to Rs 54 per kg on Wednesday from Rs 45 per kg on October 1.

This is the sixth time that the country's largest lender has cut its MCLR or minimum lending rate in the current financial year.

Indian equities attracted about $1.1 billion worth of foreign inflows thanks to a corporate tax cut announced by the Finance Minister Nirmala Sitharaman to boost manufacturing and private investment.

According to analysts, markets may continue to remain volatile this week as the September quarter earnings season is unlikely to hold any major surprise.

The government's approach to energy policy covers four pillars of energy access, energy efficiency, energy sustainability and energy security, Union Petroleum Minister Dharmendra Pradhan said.

The average wholesale price of onion was Rs 26 per kg on Thursday at the Lasalgaon Agriculture Produce Market Committee, while the maximum rate was Rs 30.20 per kg and minimum rate quoted was Rs 15 per kg.