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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

ASSOCHAM, cautioned that extreme care needs to be taken to ensure safety of data trail that the cryptocurrency can leave, as it changes hands through a range of electronic devices and platforms.

Assocham warns about Rs beyond 71

Meanwhile, consumer durables makers may go for a price hike before the festive season sales to partially pass on the...

17 Aug 2018 12:39 AM IST

Atal Bihari Vajpayee. (Photo: PTI/File)

Atal Bihari Vajpayee: a bellwether policy reformer of modern India

He was decisive and pursued his reforms agenda with vigour without getting ruffled by criticism.

16 Aug 2018 6:23 PM IST

Indias widening current account deficit coupled with normalisation of loose policy in developed nations and soaring crude oil prices may weaken rupee towards Rs 67/$1 in the fiscal years that begun from April 1.

Indian travellers unfazed by Rupee fall

The weakness in the rupee against the dollar has not had any impact on the travel plans of Indians.

16 Aug 2018 6:12 PM IST

The Bureau of Indian Standards (BIS) has raided city-based company Hi-Tech Aqua for manufacturing packaged drinking water of 20 litres without licence, the government said on Thursday.

BIS raids Delhi firm for manufacturing packed water without licence

Huge quantity of 20-litre water jars manufactured under brands 'Freshier', 'Parie' and 'Bisleri' have been seized by...

16 Aug 2018 5:53 PM IST

Bhushan Steel Ltd, acquired by Tata Steel under corporate resolution process, said today that its board of directors has approved the appointment of T V Narendran as chairman and non-executive additional director of the company.

JSW Steel makes Rs 19,700 crore offer for Bhushan Power and Steel

The bids were submitted for the second time to the CoC late night on August 13.

16 Aug 2018 5:47 PM IST

Inflation in onion continued to rule high at 42.22 per cent and in potato at 43.25 per cent.

India Ratings pegs down FY19 GDP forecast to 7.2 pc on inflation

The ratings agency has also revised upwards its inflation forecast despite a likely normal rainfall this year.

16 Aug 2018 5:14 PM IST