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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

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI hikes repo rate by 25 bps to 6.5 pc after its 3rd bi-monthly MPC...

Reserve Bank of India has hiked the repo rate for the second consecutive month.

1 Aug 2018 2:43 PM IST

German car major Volkswagen (VW) today said it has appointed Bishwajeet Samal as marketing head for India operations with effect from June this year.

Volkswagen profit rises 6.8 per cent despite diesel costs

Company had record sales volume for the first six months of the year of 5.5 million vehicles, an increase of 7.1 per...

1 Aug 2018 2:20 PM IST

Reliance Industries or RIL chairman Mukesh Ambani at an AGM in Mumbai. (Photo: PTI)

Reliance Industries wins arbitration award in gas dispute with govt

The Consortium is not liable to pay any amount to the Government of India.

1 Aug 2018 12:57 PM IST

IOC and the state govt agreed to revised terms at the meeting called at the behest of Pradhan. (Photo: AP)

IOC tops 7 Indian firms on Fortune 500 list, RIL jumps 53 places

Indian Oil Corp with 23 per cent rise in revenues at USD 65.9 billion was ranked 137th from 168th position.

1 Aug 2018 12:56 PM IST

Telecom Commission on Tuesday approved a proposal for allowing mobile phone calls and internet services in domestic and international flights in India.

Call drop: Trai sets new quality norms for 4G networks

The Telecom Regulatory Authority of India (Trai) has decided to measure call quality on the 4G network in terms of data...

1 Aug 2018 12:45 PM IST

Disinvestment-bound Air India has approached aviation regulator DGCA for renewal of its flying permit, expiring in June.

Govt seeks Parliament nod for Rs 980 cr equity infusion into Air India

The government's proposed strategic stake sale of Air India failed to take off in May but remains committed to the...

1 Aug 2018 12:36 PM IST