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Twenty-one banks, majority owned by New Delhi, account for more than two-thirds of the banking assets in Asias third-biggest economy.Business
Large banks may absorb weak ones under RBI lens

Of 21 PSBs, 11 are under prompt corrective action framework of the Reserve Bank of India.

31 Aug 2018 8:53 AM IST

Indian Railways (Photo: PTI)Business
Diesel guzzler Indian Railways turns to natural gas to cut cost

Using natural gas will be about 25 per cent cheaper than the alternative fuels used by the railways at workshops.

31 Aug 2018 8:40 AM IST

The Department of Telecom (DoT) is likely to approve on Monday the merger of Vodafone India and Idea Cellular that will create the countrys largest mobile service operator with proposed name of Vodafone Idea Ltd.Business
Idea and Vodafone's India deal edges closer to completion: source

Vodafone had set the end of August - or Friday - as its target to close the deal.

31 Aug 2018 8:34 AM IST

Higher opening in domestic stock market limited rupee losses. (Photo: PTI).Business
Rupee hits new low of Rs 70.74

Oil prices soared higher following reports about fall in US inventory level and likely disruption in supply from Iran...

31 Aug 2018 5:14 AM IST

ATF accounts for a substantial chunk of the operational expenses incurred by airlines.(Representational Image)Business
Scrap dynamic pricing for flight tickets, says panel

The source said that some members flagged concerns about rise in air ticket prices during the recent Kerala floods this...

31 Aug 2018 4:51 AM IST

Union Minister Arun Jaitley said that Congress had no real issue and was hence resorting to manufacturing. (Photo: File)Business
More formalisation due to note ban, says Arun Jaitley

Claims rise in taxpayers, higher growth are a result of note ban.

31 Aug 2018 2:40 AM IST

The state consumer commission had held Jet Airways responsible for causing losses to a passenger.Business
Jet Airways shares fall nearly 2 per cent

The scrip declined 1.70 per cent to end at Rs 286.75 on BSE.

30 Aug 2018 6:26 PM IST

The CBDT has asked the taxman to scrutinise cases where a taxpayer has filed a revised income tax return (ITR) post demonetisation and directed them to slap \higher tax rate\ in instances where black money is detected. (Photo: AFP/Representational)Business
Demonetisation led to more tax collection, higher growth: Jaitley

Was the invalidation of the non-deposited currency the only object of demonetisation? Certainly not, Jaitley said in a...

30 Aug 2018 6:19 PM IST

An aerial view of the floods in Aluva after heavy rains, in Kerala. (Photo: PTI)Business
Fin Min asks insurer to expedite claims arising out of Kerala floods

Pon Radhakrishnan stressed that the Centre is totally sympathetic to the state.

30 Aug 2018 6:09 PM IST

On Tuesday, the Indian rupee closed the session on a flat note at 69.83 a dollar.Business
Rupee slides further to end at fresh lifetime low of 70.74 to dollar

The British pound held firm after making its biggest gains in seven months the previous day.

30 Aug 2018 6:00 PM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.Business
Centre, states apportion Rs 12,000 cr Integrated GST in August

This is the third time that the IGST funds have been divided between the Centre and states.

30 Aug 2018 5:52 PM IST

The Nifty scaled 108.35 points to end the day at 10,491.05 while the Sensex soared 322.65 points to end the day at 34,142.15.Business
Sensex, Nifty clock 2nd straight session loss on F&O expiry, rupee...

Investors shifted their focus to the June-quarter GDP data to be announced tomorrow.

30 Aug 2018 5:35 PM IST

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