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Reliance Jio will start offering cashback and benefits totalling Rs 2,599 from Friday to its Jio Prime members opting for recharge of Rs 399 and above. (Photo: AFP)

Reliance Retail to 'leverage' Jio's strength to consolidate position

As per its strategy, it would continue to expand network in tier II and III cities in the country.

8 Jun 2018 12:53 PM IST

The Reserve Bank of India on Monday fixed the reference rate of the rupee at 64.9287 against the US dollar and 79.6870 for the euro.

IMF agrees to USD 50 billion deal to help Argentina's economy

Finance Minister Nicolas Dujovne said the funds would be available after the executive board meets June 20.

8 Jun 2018 12:36 PM IST

The Cabinet on Wednesday approved the National Policy on Biofuels which allows doping of ethanol produced from damaged foodgrains, rotten potatoes, corn and sugar beet with petrol to cut oil imports by Rs 4,000 crore this year alone.

Reduce oil duties to check fuel price rise, says Assocham

Over Rs 19 per litre is added to the cost on account of excise duty levied by the Centre.

8 Jun 2018 12:17 PM IST

Finance minister Arun Jaitley listens to chief economic advisor Arvind Subramaniam as MoS (finance) Shiv Pratap Shukla looks on at the 22nd meeting of the GST council in New Delhi. (Photo: PTI)

Working to rationalise GST rates, says Shiv Pratap Shukla

The MoS Finance said a big announcement from the government regarding GST is imminent.

8 Jun 2018 12:00 PM IST

The daily change in prices of petrol and diesel across the country follows the success of a pilot implementation in five cities.

Petrol price cut by 21-22 paise per litre, diesel by 15-16 paise

In Delhi, petrol now costs Rs 77.42 a litre, and diesel costs Rs 68.58 per litre.

8 Jun 2018 11:30 AM IST

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

No salary hike for Mukesh Ambani for 10th year in a row

Mukesh Ambani remuneration for 2017-18 included Rs 4.49 cr as salary and allowances.

8 Jun 2018 11:04 AM IST

NSE Nifty reclaimed the 9,900-level and BSE Sensex climbed over 167 points in early trade on Thursday. Photo: PTI

Sensex down 137 points in early trade on weak Asian cues

Sectoral indices led by power, realty, oil and gas, banking, PSU were trading in negative zone, falling up to 0.93 pc.

8 Jun 2018 10:09 AM IST

As per new IMF projections, Indias growth in 2016 is now estimated to be 6.6 per cent as against 7.6 per cent earlier. (Photo: AFP)

Important for India to address banking crisis to support investment:...

Indian banks have made progress in addressing stock of NPAs and were taking further measures to deal with flow problem.

8 Jun 2018 9:59 AM IST

Lower opening in the domestic equity market put the rupee on the back foot.

Rupee falls to fresh 1-month low, down 42 paise against dollar

Rupee is trading at 67.54 per dollar due to appreciation of American currency overseas and outflows of foreign fund.

8 Jun 2018 9:47 AM 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.

IMF welcomes RBI decision to hike interest rates

In January 2014 RBI had increased the repo rate to eight per cent to keep the inflation under check.

8 Jun 2018 9:41 AM IST

Prime Minister Narendra Modi gestures as he speaks during a plenary session on the occasion of World Environment Day in New Delhi. (Photo: AFP)

RBI's rate hike upsets Modi's election year budget maths

Rate hike will push up govt's interest financing cost and add to the fiscal deficit pressure on one hand.

8 Jun 2018 9:15 AM IST

Chanda Kochhar of ICICI Bank. (Photo: File)

ICICI Bank may file consent plea in Videocon loan case

Plea agreement means settlement of case without main hearing when the defendant agrees to plead guilty in exchange.

8 Jun 2018 9:02 AM IST