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A recent report by the Telecom Regulatory Authority of India (TRAI) has noted that the gross revenue of telecom services providers fell 8.1 per cent while the licence fee collected by the government dropped by 16 per cent year-on-year in the quarter ended December 31, 2017.

TRAI mulls penalty on operators not meeting new QoS norms

The December quarter marked the first instance of companies reporting their network data under the new formula.

8 May 2018 3:58 PM IST

LIC bought an additional stake of over 3 per cent in Bank of India for about Rs 450.88 crore. (Representational Image)

BoI has Rs 200 cr exposure in PNB scam, initiates proceedings: CEO

Nirav Modi and his uncle Mehul Choksi are alleged to have perpetrated the country's biggest banking sector scam.

8 May 2018 3:50 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.

Panel on incentivising digital payments under GST to meet on May 11

The GST Council had last week discussed giving a concession of 2 per cent in GST rate.

8 May 2018 3:39 PM IST

Online search giant Google has filed an appeal at the National Company Law Appellate Tribunal (NCLAT) against a judgment from Indias competition watchdog.

Google to showcase AI advances at its big conference

Google Assistant could gain new abilities to handle tasks.

8 May 2018 2:27 PM IST

The government on Friday revoked the notification on the Gems and Jewellery sector which included jewellers under the Prevention of Money Laundering Act. Photo: PTI

Gold seen at highest annual price for five years in 2018, says GFMS

Gold would average USD 1,360 an ounce this year, up 8 per cent from 2017.

8 May 2018 2:20 PM IST

Mutual funds industry has added 32 lakh new investors over the last one year mainly due to a spirited promotion campaign by the industry, a senior Amfi official said on Wednesday.

Mutual funds log Rs 1.4 lakh crore inflow in April

Investors are moving towards financial asset class for investment instead of buying traditional asset classes.

8 May 2018 2:08 PM IST

Maruti Suzuki MD and CEO Kenichi Ayukawa (right) and senior ED R.S. Kalsi pose with new Swift after its launch at the Auto Expo 2018 in Greater Noida. (Photo: PTI)

Maruti to check 52,686 new Swift, Baleno for faulty brake vacuum hose

Brake vacuum hose is a rubber pipe that creates and releases vacuum while applying brake.

8 May 2018 1:59 PM IST

Along with increasing its fleet size to 10 planes, AirAsia India also expects to have a headcount of around 1,000 by the end of March next year.

AirAsia India to connect Surat from Bengaluru starting June

AirAsia will fly daily to Surat from Bengaluru with an Airbus A20 plane.

8 May 2018 1:36 PM IST

Global ratings agency Fitch on Monday said it is doubtful about the strength of corporate governance at ICICI Bank, amid allegations of impropriety against its MD and Chief Executive Officer Chanda Kochhar.

ICICI Bank shares soar nearly 9 per cent post Q4 results

Total income on consolidated basis rose to Rs 33,760 crore as against Rs 28,603 crore.

8 May 2018 1:29 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 pares gains, up 95 points in late morning deals

The broader Nifty-50 index was trading up by 23.50 points, or 0.22 per cent at 10,739.00.

8 May 2018 11:47 AM IST

Market indices opened sharply higher on Thursday, with the Sensex rising 383.96 points to 33,403.03 and the Nifty gaining 124.10 points at 10,252.50.

Sensex extends gains, climbs 181 points on global cues

NSE Nifty traded above the 10,750 mark by gaining 43.05 points, or 0.40 per cent, to 10,758.55.

8 May 2018 10:09 AM IST

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

Rupee slips 7 paise against dollar in early trade

Rupee is trading at 67.20 against dollar in early trade due to appreciation of American currency overseas.

8 May 2018 9:44 AM IST