Author: PTI

The Supreme Court Friday reserved verdict on former finance minister P Chidambaram’s plea against Delhi High Court order denying him bail in the INX Media corruption case. The CBI Friday told the Supreme Court that 15 accused, including Chidambaram, his son Karti and some companies have been charge-sheeted in the case.

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Debt-ridden housing finance firm DHFL has reported a consolidated net loss of Rs 242.48 crore for the first quarter ended June of the current fiscal. The company had posted a net profit of Rs 431.71 crore in the corresponding April-June period of 2018-19.

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Microlenders are focusing more on growing their loan book size by offering a higher quantum of loans to the same borrowers, and overlooking geographical deepening, a report said. The national average ticket size of microfinance loans has been steadily increasing with an increase of 12 per cent in June 2019, while the live customer base is growing at a declining pace, credit information company CRIF Highmark said.

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