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President Donald Trump speaks before signing a USD 716 billion defense policy bill named for Senator John McCain Monday, in Fort Drum, New York on Monday. (Photo: AP)

Trump team predicts an economic boom, defying most analysts

Yesterday, President Donald Trump's chief economic adviser made his case for the boom.

17 Aug 2018 11:52 AM IST

Australian Indo Gold Limited discovers 38.5 million tonnes low grade gold resources in Jagpura

Gold nudges up, but set for biggest weekly fall in 15 months

A stronger dollar makes greenback-denominated gold more expensive for holders of other currencies.

17 Aug 2018 11:14 AM IST

The state consumer commission had held Jet Airways responsible for causing losses to a passenger.

Jet Airways says board to meet later this month for quarterly results

Jet Airways (India) Ltd's board will meet on August 27 to approve financial results for the quarter ended June 30.

17 Aug 2018 11:08 AM IST

ONGC on Thursday reported a 8.2 per cent drop in its June quarter net profit after sharp reduction in natural gas rates.

Sudan wants ONGC Videsh to withdraw arbitration over oil payment dues

At the centre of dispute is ONGC's 25 per cent stake that the company had acquired in GNOP in Sudan in 2003.

17 Aug 2018 11:02 AM IST

The government on Wednesday said Indias prospects to become a top steel exporter depends on a range of factors, including competitiveness and demand, and will not be impacted by the trade barriers the US has put on imports.

Rupee jitters bring double whammy for steel sector

Domestic steel demand grew at 8 per cent in the first quarter of 2018-19, according to JPC.

17 Aug 2018 10:20 AM IST

Market indices opened sharply higher on Thursday, with the Sensex rising 383.96 points to 33,403.03 and the Nifty gaining 124.10 points at 10,252.50.

Sensex rises over 250 points, Nifty reclaims 11,400 mark

The NSE Nifty reclaimed the 11,400 mark, by rising 62.15 points, or 0.55 per cent, to 11,447.20.

17 Aug 2018 10:00 AM IST

Banning of letters of undertaking (LoUs) and letters of comfort (LoCs) by the RBI as trade finance instruments is likely to reduce financial flexibility of importers, a Fitch group company said on Wednesday.

RBI's monetary policy panel cites inflationary risks as reason for...

India posted its best growth in nearly two years at 7.7 per cent in January-March quarter.

17 Aug 2018 9:39 AM IST

Meanwhile, DoT said it will take a call on next round of auction of 5G spectrum.

Telecom department may allot, not auction E&V bands

Trai had earlier suggested Rs 10,000 per link of 250Mhz of E band and Rs 1,000 per link of 50Mhz for V band annually.

17 Aug 2018 9:02 AM IST

Shiv Sena and MNS have always stressed on the of use Marathi as a official language in all central government offices, nationalised banks, railways, airport, etc.

Banks set to come out of PCA framework this year

As many as 11 out of 21 banks are under the watch list of the Reserve Bank of India (RBI).

17 Aug 2018 8:54 AM IST

Allaying worries over the rupees slide, Niti Aayog vice-chairman Rajiv Kumar said that the currency was coming back to its natural value after witnessing a 17% appreciation in the last three years.

Rupee closes at new all-time low of 70.16

Emerging market currencies remained in the crosshairs.

17 Aug 2018 2:38 AM IST

Sunil Duggal, President of the FIMI

FIMI appoints Sunil Duggal, CEO-HZL as its New President

Sunil Duggal has also been Co-Chair of CII National Committee on Mining for 2017-18 and Chairman of Skill Council for...

17 Aug 2018 1:25 AM IST

Noting that the rupee remains volatile alongside emerging market assets, the rating agency said a weaker and more volatile rupee would likely result in increased hedging costs for firms.

Telcos may see negative impact

It expects the credit profile of rates infrastructure firms to be largely protected from the current bout of rupee...

17 Aug 2018 12:45 AM IST