Seven of top-10 companies add Rs 87,966 crore in m-cap; HUL, HDFC Bank shine The m-cap of HUL zoomed Rs 22,145.92 crore to Rs 3,98,290.92 crore and that of HDFC Bank jumped Rs 18,264.93 crore to Rs 6,23,892.08 crore.
Bank fraud cases see a major spike in 2019-20: How prepared is the RBI? A look at the latest data of large banks shows a spike in number of fraud cases and the money involved over the previous year. Subsequently,there is a corresponding rise in provisions made.
India was on the path to economic recovery; local lockdowns threw a spanner in the works - The Economic Times Risk aversion among the public at large and local lockdowns by different states and cities have contributed significantly to the slowdown in July. Uttar Pradesh has mandated a closure of all markets on weekends, while Bihar has announced a full lockdown from July 16 until the month end. Pune and Bengaluru are also on lockdown as cases have spiked.