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The SBI has announced the launch of its UK subsidiary, SBI (UK) Limited, with an initial capital commitment of 225 million pounds from its parent entity.

Indian Army signs MoU with SBI on salary package

The MoU will be valid till 3 January, 2019 and continuation thereafter will be subject to review/renewal.

13 July 2018 9:41 AM IST

Rupee is currently trading at 63.63 against 66.93 to a dollar in August, 2016.

Rupee rises 25 paise to hit 3-week high against US dollar

Rupee is trading at 68.32 against dollar amid easing food prices, and continued selling of the greenback by banks.

13 July 2018 9:36 AM IST

Domestic investors were reluctant to expand their portfolios ahead of the RBIs monetary policy review, brokers said.

States fail to meet fiscal targets for third year: RBI

Decline in states' tax revenues is essentially associated with pending accounting issues related to GST implementation.

13 July 2018 9:06 AM IST

Tata, Mistry feud: Chairman doesn't enjoy a free hand, says NCLT

Mistry family is the single largest non-promoter shareholders of the Tata Group with over 18.3 per cent stake.

13 July 2018 8:59 AM IST

Fortis last week to Rs 155 per share by valuing the hospital business higher at Rs 6,061 crore, from Rs 5,003 crore initially.

IHH Healthcare wins race for Fortis, to invest Rs 4,000 cr

Malaysian firm will make a mandatory open offer to public shareholders for 26 pc of the outstanding shares post...

13 July 2018 8:49 AM IST

Prime Minister Narendra Modi. (Photo: PTI/File)

Exodus of advisers lead to protectionism

A spokesman for the finance ministry declined comment. The prime minister's office did not reply to requests for...

13 July 2018 12:57 AM IST

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

RBI flags states slipping on fiscal deficit

At a country-wide level, farm loan waivers alone contributed to a third of the overall slippage worries.

13 July 2018 12:47 AM IST

Reliance Group Chairman, Anil Ambani (Photo: File)

Reliance Communication alleges DoT of bias for not seeking guarantee

Telecom tribunal on July 3 directed DoT to return bank guarantee of Rs 2,000 crore, it said.

13 July 2018 12:23 AM IST

Amount of Tax locked up to come down, says FM Piyush Goyal

Earlier, the taxmen used to challenge rulings gone against them in appellate tribunals if the dispute over tax was over...

13 July 2018 12:14 AM IST

The RBI governor headed Monetary Policy Committee will be meeting later this month to review interest rate regime.

Inflation hits 5 per cent; IIP slows down

Economy reels from double whammy.

13 July 2018 12:05 AM IST

The price of petrol in Delhi climbed to Rs 75.71 per litre from Rs 75.55 and diesel to Rs 67.50 a litre from Rs 67.38.

India's fuel demand jumps 8.6 per cent in June

Fuel consumption in June totalled 17.99 million tonne as compared to 16.56 MT in the same month last year.

12 July 2018 7:00 PM IST

Industrial production grew at 3.2 per cent in May compared to 2.9 per cent in the same month last year even as the performance of manufacturing and power sectors remained sluggish.

Industrial production grows at 3.2 per cent in May

Consumer durables and Consumer non-durables recorded growth of 4.3 per cent and (-) 2.6 per cent respectively in May.

12 July 2018 6:52 PM IST