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The government aims to contain the fiscal deficit for FY18 to 3.2 per cent of the GDP, and 3 per cent in FY19.

India's average GDP growth to rise to 7.8 per cent: report

Indian economy is expected to witness a cyclical recovery driven by investments as well as consumption.

25 April 2018 12:59 PM IST

Debt-ridden Videocon Group on Wednesday approached the principal bench of NCLT requesting it to direct all insolvency case.

Videocon approaches NCLT to list all insolvency cases together

The step-down subsidiaries include Videocon Telecom, Electro World and Millennium Appliances.

25 April 2018 12:51 PM IST

Public sector banks (PSBs) wrote off Rs 2.41 lakh crore worth of loans between April 2014 and September 2017, the Rajya Sabha was informed on Tuesday.

Bankers clear Ebix resolution plan for Educomp

Changes in the IBC were aimed at giving companies a chance to revive, bring in fresh capital into the country.

25 April 2018 11:51 AM IST

Global tech major Microsoft is looking at investing in Indian tech startups through its venture funding arm, a senior official has said.

Microsoft denies auditing partner KPMG's anti-piracy work in India

Denial comes after a prior claim made by an executive of the US technology giant following a client complaint in March.

25 April 2018 11:06 AM IST

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

Gold falls on dollar strength, easing North Korea tensions

Yellow metal rose 0.5 per cent on Tuesday to break a three-session losing streak.

25 April 2018 10:53 AM IST

Fortis last week to Rs 155 per share by valuing the hospital business higher at Rs 6,061 crore, from Rs 5,003 crore initially.

Suitors for India's Fortis revise bids ahead of panel recommendation

On Monday, Fortis said the Hero-Burman consortium had extended the validity period on its offer to May 4.

25 April 2018 10:46 AM IST

The Nifty scaled 108.35 points to end the day at 10,491.05 while the Sensex soared 322.65 points to end the day at 34,142.15.

Sensex, Nifty turn negative on weak global cues

NSE Nifty fell below the 10,600 mark, shedding 25.85 points, or 0.24 per cent, to 10,588.50.

25 April 2018 10:10 AM IST

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

Rupee weakens 21 paise against dollar in early trade

A lower opening in the domestic equity market too weighed on the investor sentiment.

25 April 2018 9:43 AM IST

Shiv Sena and MNS have always stressed on the of use Marathi as a official language in all central government offices, nationalised banks, railways, airport, etc.

Savings rates market-governed: CCI

Fair trade watchdog rules out any cartelisation among lenders in fixing savings bank interest rates.

25 April 2018 9:36 AM IST

No private airline flies to the city. Shortly after this government took over, a buffalo walked into the Surat airport and an airplane crashed into it, damaging its jet engine. (Representational image)

AAI to raise Rs 1,500 crore from debt market

Government has decided to expand airport capacity by more than five times to handle a billion trips a year.

25 April 2018 8:46 AM IST

IDFC Limited on Thursday registered a growth of over 65.2 per cent in consolidated net profit at Rs 299.40 crore for Q1.

IDFC Bank Q4 profit falls 76 pc as bad loan provisions surge

Net profit came in at 419.3 million rupees, for quarter ended March 31, compared with 1.76 billion rupees a year ago.

25 April 2018 8:40 AM IST

Given the higher NPAs and weak capitalisation of PSBs, ICRA had earlier projected private sector banks market share in the banking sector advances to increase to 38 per cent 40 per cent by 2020 from 27.5 per cent as on March 31, 2017. (Representational image)

Banks may soon stop free services

Taxmen sent notices to multiple banks.

25 April 2018 3:00 AM IST