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Indias widening current account deficit coupled with normalisation of loose policy in developed nations and soaring crude oil prices may weaken rupee towards Rs 67/$1 in the fiscal years that begun from April 1.

RBI sets rupee reference rate at 67.0397 against dollar

The exchange rates for the pound and the yen against the rupee were 89.9472 and 61.02 per 100 yens, respectively.

6 Jun 2018 3:42 PM IST

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

Expert views on RBI policy rate hike

The reverse repo rate was also raised by 25 basis points to 6.00 per cent.

6 Jun 2018 3:25 PM IST

The models will be sold and serviced through BMW Motorrad dealerships in Delhi, Mumbai, Pune, Chennai, Bangalore, Ahmedabad and Kochi.

BMW Motorrad begins pre-bookings for 2 bikes in India

Deliveries of the bikes would be done on first come first serve basis as per orders.

6 Jun 2018 3:22 PM IST

According to the last World Bank report 2017, Indias ranking improved by just one notch to 130 from a revised rank of 131 previous year.

World Bank forecasts 7.3 per cent growth for India

India's growth potential is about 7 per cent, and it is currently growing at a pace above its potential.

6 Jun 2018 3:06 PM IST

PDS sugar rate for select groups is also hiked from Rs 15 per kg to Rs 20.

Cabinet approves Rs 8,500 cr bailout package for sugar industry

Ethanol doping in petrol will also help the country cut its oil imports.

6 Jun 2018 2:03 PM IST

Origin of gold is one of the most intriguing mysteries for mankind since ancient times. (Photo: Pixabay)

Gold rebounds, climbs Rs 260 on firm global cues

Gold is trading at Rs 31,860 per 10 grams at bullion market on firm cues from global markets.

6 Jun 2018 2:01 PM IST

The H-1B visa legislation in the US, increasing automation, and the fallout of demonetisation have all created considerable impact on hiring by companies.

Online hiring activity sees 7 per cent rise in May, says report

Online hiring activity in May as against the previous month slowed in all major metro cities.

6 Jun 2018 1:57 PM IST

The government on Wednesday said Indias prospects to become a top steel exporter depends on a range of factors, including competitiveness and demand, and will not be impacted by the trade barriers the US has put on imports.

Electrosteel allots shares worth Rs 7,400 crore to lenders

The company had yesterday spelled out steps to be taken for completion of its takeover by Vedanta Star Ltd.

6 Jun 2018 1:50 PM IST

Bajaj Finserv, through its lending arm, Bajaj Finance Ltd., has announced a new feature hybrid flexi option.

Bajaj Finance increases FD rate of interest up to 8.75 per cent

The new Fixed Deposit customers would get 8.40 per cent instead of 8.10 per cent earlier.

6 Jun 2018 1:40 PM IST

It was not immediately clear if Qatar Airways would also suspend flights to other countries. (Photo: AFP)

Qatar Airways will soon apply for launch of an Indian airline: Al...

Qatar Airways operates more than 200 aircraft and flies to over 150 destinations across six continents.

6 Jun 2018 12:29 PM IST

IDFC Bank on Wednesday said it has received RBIs approval for merger of Capital First, Capital First Home Finance and Capital First Securities with the company.

IDFC Bank and Capital First get RBI nod for merger

Earlier in January, the company said its board of directors has approved amalgamation of the three entities with IDFC...

6 Jun 2018 11:52 AM IST

Amazon CEO Jeff Bezos wants to colonise Moon. (Photo: AP)

Progress in Amazon's India business energising, says CEO Bezos

He cited examples of growth across areas like seller and customer addition, delivery infrastructure.

6 Jun 2018 11:41 AM IST