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The governments Bank Note Paper Mill India (BNPM) has received green signal to increase the production of bank note paper at its Mysuru unit in Karnataka from 12,000 tonnes per annum (TPA) to 16,000 TPA.

BNPM gets green nod to increase bank note paper production

Raw material used for manufacturing of currency paper is 100 per cent cotton sourced from neighbouring countries.

21 May 2018 1:49 PM IST

Traders body CAIT demanded scrutiny of the proposed $12-billion Flipkart-Walmart deal.

Flipkart to ramp up product range, partners for Perfect Homes

Flipkart, which is being taken over by Walmart in a USD 16 billion deal, had introduced the furniture brand on its...

21 May 2018 1:22 PM IST

The SBI-led consortium has reduced the reserve price of the erstwhile headquarters of the grounded airline, Kingfisher House, by 10 per cent

NSE to delist Kingfisher Airlines, 17 others from May 30

This comes after BSE delisted over 200 companies from May 11 as trading in their shares remained suspended for over six...

21 May 2018 1:15 PM IST

Committee of Creditors had approved the Rs 32,500 crore deal along with 12.27 per cent equity in the company offered by Tata Steel.

NCLAT declines to stay Bhushan Steel sale to Tata Steel

On May 15, NCLT had approved the resolution plan submitted by the RP of Bhushan Steel.

21 May 2018 12:27 PM IST

Australian Indo Gold Limited discovers 38.5 million tonnes low grade gold resources in Jagpura

Gold futures down 0.17 per cent on global cues

Gold is trading at Rs 31,037 per 10 grams in futures trade as speculators trimmed their positions.

21 May 2018 11:48 AM IST

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)

India is the 6th wealthiest country in the world, says report

China stood at the second place with USD 24,803 billion.

21 May 2018 11:46 AM IST

Reduction of NPAs in individual PSBs range from about Rs 500 crore to over Rs 10,000 crore.

Bhushan Steel's buyout to reduce PSB NPAs by Rs 35,000 cr

Bhushan Steel was among the 12 stressed assets the Reserve Bank of India had referred to NCLT proceedings last year.

21 May 2018 10:45 AM 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 up 126 points in early trade today

The NSE Nifty moved up by 25.30 points, or 0.23 per cent, to 10,621.70.

21 May 2018 10:03 AM IST

Positive start for domestic stock markets lent support to rupee. (Photo: PTI)

Rupee falls 12 paise to fresh 16-month low against dollar

Rupee is trading at 68.12 against a strengthening US dollar in early trade.

21 May 2018 9:49 AM IST

Ever since the government came to power in 2014, experts pointed out that the lower crude oil prices over the last few years had helped the government to significantly improve Indias macro economic indicators.

Oil prices boosted by news China, US put trade war 'on hold'

WTI crude futures were at $71.83 a barrel, up 55 cents, or 0.8 per cent, from their last settlement.

21 May 2018 9:43 AM IST

State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.

PNB refuses to disclose details on over Rs 13,000 cr scam

RBI had also earlier declined to share inspection reports for scam-hit PNB.

21 May 2018 8:40 AM IST

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

Fuel prices at record high levels, may go up

As petrol and diesel have been left outside GST, their prices and quantum of increase vary from state to state depending...

21 May 2018 4:53 AM IST