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The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

LIC board decides modalities, timeline for stake hike in IDBI Bank

LIC is in the process of picking up additional 7 per cent stake in IDBI Bank through preference shares.

4 Sept 2018 1:49 PM IST

Reliance Home Finance (RHFL), a subsidiary of Reliance Capital, has entered into exclusive discussions with an overseas institutional investor for a potential equity investment into the company. (Photo: Facebook)

Reliance Home Fin in talks with an overseas investor for equity...

It is targeting to achieve an assets under management (AUM) of Rs 50,000 crore by 2021.

4 Sept 2018 1:29 PM IST

The price of petrol in Delhi climbed to Rs 75.71 per litre from Rs 75.55 and diesel to Rs 67.50 a litre from Rs 67.38.

Fuel prices shoots to record high, up for 10th consecutive day

In New Delhi, petrol prices were hiked by 16 paise, while diesel by 19 paise.

4 Sept 2018 1:12 PM IST

Andhra Pradesh Chief Minister N Chandrababu Naidu.

Petrol will soon touch Rs 100, says Andhra Pradesh CM Chandrababu...

Naidu also said the Centre was unable to "properly manage demonetisation."

4 Sept 2018 12:54 PM IST

Minister of commerce & industry and civil aviation Suresh Prabhu interacts with mediapersons at state BJP office in Kolkata. (Photo: PTI)

India to construct 100 airports worth USD 60 billion

The country's aviation sector is one of the fastest-growing in the world and has recorded 50 months of double-digit...

4 Sept 2018 12:45 PM IST

Philippines national carrier Philippines Airlines has appointed Bird Travels as its general sales agent.

GST on overseas air tickets violates international norms: IATA chief

The GST rate is 5 per cent and 12 per cent on economy and business class tickets, respectively.

4 Sept 2018 11:37 AM IST

NSE Nifty reclaimed the 9,900-level and BSE Sensex climbed over 167 points in early trade on Thursday. Photo: PTI

Sensex, Nifty turn volatile on foreign fund outflow, rising oil prices

The 30-share index fell up to 122.72 points, or 0.32 per cent, to 38,189.80, after touching a high of 38,518.56.

4 Sept 2018 10:19 AM IST

The finance ministry is considering writing to markets regulator Sebi seeking relaxation for certain state-owned firms from meeting the minimum 25 per cent public shareholding norm.

Preposterous to claim USD 75 billion FPI funds will move out of India:...

Some FPIs are believed to have earlier expressed concerns over the proposed changes in rules.

4 Sept 2018 10:15 AM IST

In India, Google races to parry the rise of Facebook

Google is now pushing back, attempting to lure customers with better ad-buying tools and more localized services.

4 Sept 2018 10:01 AM IST

The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started its 2-day meeting on Wednesday.

Banks with over 10 branches to have internal ombudsman: RBI

The internal ombudsman scheme was introduced by the RBI to strengthen the internal grievance of banks.

4 Sept 2018 9:53 AM IST

On Tuesday, the Indian rupee closed the session on a flat note at 69.83 a dollar.

Rupee hits new all-time low, drops 16 paise against US dollar

A sharp rally in global crude prices further dampened the overall trading sentiment.

4 Sept 2018 9:49 AM IST

Shamika Ravi, member of the Prime Ministers Economic Advisory Council.

Govt could've done more on reforms: EAC member Shamika Ravi

Modi government introduced GST, IBC and considerably eased the foreign direct investment regime in four years.

4 Sept 2018 9:35 AM IST