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Indian Oil Corp (IOC) bagged three fields, the same number as new entrant PFH Oil and Gas Pvt Ltd got.

Indian Oil to turn to traditional suppliers to meet Iran oil shortfall

IOC plans to buy 140,000 bpd of Iranian oil in 2018-19 and has an option to buy an additional 40,000 bpd.

23 May 2018 10:20 AM IST

The Sensex resumed higher at 26,756.66 and firmed up to 26,769.32 on initial buying.

Sensex down 61 points in opening trade

Sectoral indices led by metal, realty, oil and gas and auto were trading in the negative zone.

23 May 2018 9:59 AM IST

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

Rupee drops 25 paise against dollar in early trade

Rupee is trading at 68.29 per dollar ahead of minutes of US Federal Reserve's last policy meet scheduled.

23 May 2018 9:40 AM IST

The Centre has included Pimpri-Chinchwad in the list of 10 smart cities across India.

Smart Cities India 2018 Expo opens today

The expo also manifests a multi-pronged strategy of the Indian economy.

23 May 2018 8:52 AM IST

CBDT has made available in the Compliance Module on the e-filing portal of the Income Tax Department the information relating to the identified non-filers.

Task force gets deadline extension to present report on tax laws

CBDT highlighted that the task force will now be required to submit its report by August 22.

23 May 2018 8:43 AM IST

SoftBank wrote off 39.28 billion yen in the value of shares in its Indian investments

SoftBank says selling its entire Flipkart stake to Walmart

SoftBank Group Corp said it is selling its roughly 20 pc stake in Indian e-commerce firm Flipkart to Walmart.

23 May 2018 8:37 AM IST

Hindustan Petroleum Corp Ltd (HPCL) on Friday reported 56 per cent drop in the June quarter net profit on account of lower refining margins and inventory losses.

HPCL fourth-quarter profit falls nearly 4 per cent

Net profit was 17.48 billion rupees in the three months ended March 31, compared with 18.19 billion rupees.

23 May 2018 8:30 AM IST

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.

Bad loans make SBI lose Rs 7,718crore

The public sector lender had reported a net profit of Rs 2,814.82 crore during the same period last year.

23 May 2018 2:01 AM IST

The issue of petrol and diesel prices is also expected to come for discussion during the Union Cabinet meeting on Wednesday.

IOC hints at more fuel price hikes

Finance ministry is averse to slash excise duty; Union Cabinet to discuss issue today.

23 May 2018 1:26 AM IST

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

SBI biggest beneficiary of Bhushan Steel sale to Tatas

Tata Steel said Rs 1,200 crore will be paid to operational creditors of BSL over a period of 12 months.

22 May 2018 7:40 PM IST

German luxury carmaker BMW on Wednesday launched two limited edition variants of its 3 Series sedan priced at Rs 41.4 lakh and Rs 47.30 lakh.

Smaller towns will drive luxury car market, says BMW India head

The industry will get a fillip with the government focusing on infrastructure development in emerging towns, he added.

22 May 2018 7:31 PM IST

Over 17 lakh e-way bills for inter-state movement of goods have been generated by businesses and transporters since the launch of the GST anti-evasion measure on April 1.

Country-wide intra-state e-way bill system mandatory from June 3

Since the implementation of the same from April 1, 2018, more than 4.5 crore e-way bills have been generated.

22 May 2018 7:23 PM IST