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$Moodys Investors Service on Monday termed mining giant Vedantas acquisition of bankrupt Electrosteel Steels through insolvency process as \credit positive\, saying the move would augment the formers business profile and revenue generation.$ Business

Vedanta acquires management control of Electrosteel Steels

Vedanta Ltd had last week deposited an upfront amount of Rs 5,320 crore also in the escrow account of Electrosteel...

11 Jun 2018 2:29 PM IST

FPIs had invested over Rs 20,000 crore in the capital market in September 2016.

Over 1,300 new FPIs register with Sebi in FY18

The number of FPIs with the markets regulator climbed to 9,136 at the end of March this year from 7,807 a year ago.

11 Jun 2018 2:28 PM IST

Railway Minister Piyush Goyal.

Railways, IT ministry ink pact to allow bookings via 2.9 lakh CSCs

CSCs can also be made a medium to grant mudra loans, says Railway Minister.

11 Jun 2018 1:45 PM IST

P Chidambaram said, privacy was at the core of personal liberty and an inalienable part of life itself. (Photo: PTI)

Widespread anger about artificially fixed fuel prices, says...

He blamed the wrong policies of the NDA government for the current bad state of economy in the country.

11 Jun 2018 1:04 PM IST

IOCs current capacity stands at about 1.62 million bpd including 230,00 bpd controlled by its subsidiary Chennai Petroleum Corp.

Petrol prices cut for 13 days in a row, diesel prices come down

Oil firms cutting rates by 19-21 paise per litre in case of petrol, diesel prices were cut by 15-16 paise per litre.

11 Jun 2018 12:53 PM 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 up 136 points, Nifty above 10,800 in late morning

The 30-share index was trading higher at 35,580.61, showing a gain of 136.94 points, or 0.39 per cent.

11 Jun 2018 11:42 AM IST

The inflationary expectations would be seeping even in the core inflation (non-food, non-fuel). Going forward, both external and internal factors would weigh on the mind of the Monetary Policy Committee of the RBI: Assocham

May inflation likely to hit four-month high on oil price surge: report

Consumer price inflation is likely to have accelerated in May, due in large part to a rise in fuel inflation.

11 Jun 2018 11:24 AM IST

Bentayga V8 price starting with Rs 3.78 crore, ex-showroom Mumbai,.

Bentley's 'Sensible' Bentayga V8 launched in India

The V8 is not only touted as the more 'sensible' version but also the sportiest.

11 Jun 2018 11:10 AM IST

Bombay Stock Exchange

Sensex up 149 points, Nifty tops 10,800 in early trade

All the sectoral indices, led by healthcare, realty, and power, were trading in the green with gains of up to 0.86 per...

11 Jun 2018 9:58 AM IST

After a short-lived breakout last week, the rupee once again turned shaky and ended lower by 11 paise at 65.04 on fresh bouts of dollar demand. Photo: AP

Rupee up 10 paise against dollar

Rupee is trading at 67.40 amid weakness in the greenback against other currencies overseas.

11 Jun 2018 9:39 AM IST

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

RBI seeks on payments data storage every fortnight

A payment bank official on the condition of anonymity confirmed receipt of the RBI letter.

11 Jun 2018 9:20 AM IST

The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

GST won't stop oil price fluctuations: Economic advisor

GST will not prevent price fluctuations as India is a massive importer of crude.

11 Jun 2018 9:11 AM IST