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Royal Enfield sales up 7 per cent at 69,063 units in July

The company had sold 64,459 units in July last year, Royal Enfield said in a statement.

1 Aug 2018 5:47 PM IST

Prime Minister Narendra Modi addresses the Indian community people during a reception at Kigali, in Rwanda. (Photo: PTI)

Modi to inaugurate 650 branches of Post bank soon, says Manoj Sinha

The India Post Payments Bank (IPPB) will have 1.55 lakh access points, of which 1.30 lakh will be in rural areas.

1 Aug 2018 5:14 PM IST

Chinese Foreign Ministry spokesman Geng Shuang (Photo: YouTube)

China warns of retaliation if US takes more trade steps

Geng Shuang, warned that Beijing will "definitely fight back" to defend its "lawful rights and interests."

1 Aug 2018 4:31 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.

Cabinet clears amendments to GST laws

There are 46 amendments which will allow employers to claim input tax credit on facilities like food, transport and...

1 Aug 2018 4:21 PM IST

Indias retail inflation cooled to a two-year low in November after demonetisation. (Photo: AP/File)

RBI pegs retail inflation at 4.8 per cent for second half of FY 2019

Retail inflation has been projected to rise further to 5 per cent in the first quarter of next financial year 2019-20.

1 Aug 2018 4:13 PM IST

At the end of the five-day auction, nearly 60 per cent of the spectrum had remained unsold.

Trai makes recommends on spectrum pricing for next auction

The next round of spectrum auction which will include radiowaves for 5G mobile services.

1 Aug 2018 4:12 PM IST

The BSE Sensex on Friday soared to life-time high of 33,270.62 and the NSE Nifty scaled another record high of 10.366.15 in opening trade. Photo: AP

Sensex slips from record after RBI hikes rate; bank, auto stocks drag

NSE Nifty too slipped from its record high, shedding 10.30 points or 0.09 per cent to end at 11,346.20.

1 Aug 2018 4:10 PM IST

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

LIC-IDBI Bank deal gets clearance from Cabinet

The LIC-IDBI deal has been approved, after the meeting of Union Cabinet, chaired by Prime Minister Narendra Modi.

1 Aug 2018 4:05 PM IST

Cash recovered by Income Tax department from a bank locker in Pune. (Photo: PTI)

GST revenue increases to Rs 96,483 crore in July

The revenue collection figures do not reflect the impact of the recent tax rate cuts on 88 items.

1 Aug 2018 3:56 PM IST

Earlier, as part of the know your customer requirement under the Prevention of Money-Laundering Act provisions, jewellers with a turnover of Rs 2 crore per annum were mandated to collect PAN card for any purchase above Rs 50,000. (Representational image)

Gold recovers on jewellers' buying, silver weakens

Silver drifted lower by Rs 150 to Rs 39,050 per kg due to reduced offtake by industrial units and coin makers.

1 Aug 2018 3:45 PM IST

Malls are redifining their concept. From perceived consumerist sanctuaries, believe it or not, they are transforming themselves into places of excursion for school kids.

Indian consumer sentiment hit record high in July, says report

As per the survey, respondents were postponing purchases to benefit from lower prices post the GST tax reduction.

1 Aug 2018 3:38 PM 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 retains GDP growth forecast at 7.4 per cent for FY'19

Central has also projected the GDP growth for first quarter of the next financial year at 2019-20 at 7.5 per cent.

1 Aug 2018 3:29 PM IST