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Visiting Venezuelan Foreign Minister Jorge Arreaza said in New Delhi on Monday that Venezuela wants trade with India in oil and other commodities such as food and medicines to be conducted in Indian Rupees and not in US Dollars. (Representational image)

RBI sets rupee reference rate at 67.4430 against dollar

The exchange rates for the pound and the yen against the rupee were 89.8880 and 61.57 per 100 yens, respectively.

28 May 2018 5:52 PM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

Number of GST amendments likely in Monsoon Session, says official

A total of 20 states have already implemented the e-way bill system, dates of which has seen several deferments in the...

28 May 2018 5:47 PM IST

The state consumer commission had held Jet Airways responsible for causing losses to a passenger.

Icra lowers ratings on Jet Airways' loan facilities

Continued support from Etihad Airways is fundamental towards turning Jet Airways around and improving its liquidity...

28 May 2018 5:36 PM IST

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

Vedanta asks NCLAT to lift stay over Electrosteel sale status quo

Renaissance has submitted before NCLAT that Vedanta is not eligible to bid for Electrosteel under section 29 A.

28 May 2018 5:25 PM IST

Porsche on Monday announced opening of bookings for its flagship SUV, Cayenne Turbo, priced at Rs 1.92 crore.

Porsche to bring Cayenne Turbo priced at Rs 1.92 crore

The third generation of the Cayenne Turbo will arrive at showrooms in India from June onwards, the company said in a...

28 May 2018 5:17 PM IST

In a Twitter post about 90 minutes after the shooting at a Walmart store in suburban Denver, police said investigators had confirmed that two men were dead and a woman was taken to a local hospital, but no further details were given. (Photo: AFP)

CAIT files petition in CCI against Walmart-Flipkart deal

CAIT said the deal would deny market access to non-preferred sellers and impact small traders on offline platform.

28 May 2018 5:09 PM IST

Bullion traders said at overseas market gold rallied to highest level this year. (Photo: Representational/AFP)

Gold slips below Rs 32,000 on global cues, plunges Rs 405

Silver followed suit and cracked Rs 41,000-mark by falling Rs 370 to Rs 40,830 per kg.

28 May 2018 4:55 PM IST

The 30-share Sensex resumed higher at 27,552.27 and hovered between 27,743.46 and 25,902.45 before concluding the week at 26,818.82, a loss of 455.33 points, or 1.67 per cent.

Sensex above 35,000 as crude slips, rupee recovers

Sensex reclaimed the 35,000-mark at the outset to hit a high of 35,240.96 before settling at 35,165.48.

28 May 2018 4:26 PM IST

The government will sell 5 percent stake in the countrys largest power producer NTPC at Rs 168 per share to raise about Rs 7,000 crore.

NTPC Q4 net profit jumps 41 per cent to Rs 2,926 crore

For the entire 2017-18 fiscal, its consolidated net profit came in at Rs 10,501.50 crore.

28 May 2018 4:06 PM IST

ONGC on Thursday reported a 8.2 per cent drop in its June quarter net profit after sharp reduction in natural gas rates.

ONGC mulls new reporting standard to improve credit rating

ONGC, India's top oil and gas producer, will be the first public sector company to adopt reporting standards.

28 May 2018 4:02 PM IST

Petroleum minister Dharmendra Pradhan has said the government is open to Saudi oil giant Aramcos interest to own majority stake in the proposed Rs 3-trillion refinery at Ratnagiri.

Holistic strategy to find a long-term solution to fuel prices: Pradhan

The government had raised excise duty on petrol by Rs 11.77 a lire and that on diesel by 13.47 a litre.

28 May 2018 3:36 PM IST

Wheat import duty was raised to 10 per cent to curb shipments. (Photo: PTI)

Wheat procurement surpasses govt's target by 6.25 pc to over 34 MT

The government fixed higher target of 32 MT for this year in view of record output.

28 May 2018 3:16 PM IST