Indian companies show strong recovery. Over 50 firms moved from losses to profits in the March quarter. This turnaround happened despite ma...

Indian Oil Marketing Companies have increased petrol and diesel prices by Rs 3 per litre each, and CNG by Rs 2/kg, following daily losses o...

Shares of HPCL and BPCL fell up to 3% despite the first fuel price hike since 2022, as investors worried the increase would not offset moun...

Indian equity markets fell for a fourth straight session as rising crude oil prices, geopolitical tensions, FII selling, and a record-low r...

Global oil markets may be entering a structurally higher price regime, with Brent expected to remain elevated despite a US-led Israel-Iran ...

Reserve Bank of India has withdrawn the Corrective Action Plan imposed on Religare Finvest Limited. The action is effective from July 23, 2...

Religare Enterprises informed stock exchanges that the Reserve Bank of India rejected its proposal to appoint Rakesh Asthana as a director....

REL led by chairperson Rashmi Saluja has sought to obstruct the applications that need to be sent to the regulators for changes in sharehol...

Lenders have repeatedly rejected proposals to restructure the distressed finance company's debt and, in February, requested the Reserve Ban...

Under the Insolvency and Bankruptcy Code (IBC) framework, only the RBI can refer a finance company for insolvency proceedings. Lenders are ...

The plan proposed by Religare Finvest management needed an infusion of Rs 700 crore of fresh loans from lenders over a period of two and a ...

As per the RBI's regulations, lenders cannot restructure loans of borrowers tagged as fraud, unless there is a change in management. Lender...

The sale was a part of the company’s debt resolution process. Religare Enterprise was originally promoted by Malvinder and Shivinder Singh ...

Senior Religare officials confirmed the resignations and said the company had intimated the RBI on Thursday.

RBI pointed out that the NBFC had failed to meet the deadlines for some of those action points while relating to some others its compliance...

Religare Enterprises today clarified that Religare Finance was non-operative and had voluntarily surrendered its licence.

Religare is among major contenders for new banking licences, for which applicants are required to submit their applications to the RBI by J...