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

Bank of India inks pact with NeSL to share data under insolvency rules

BoI will avail NeSL service to expedite corporate insolvency resolution process.

23 April 2018 3:34 PM IST

The Reserve Bank of India on Monday fixed the reference rate of the rupee at 64.9287 against the US dollar and 79.6870 for the euro.

RBI sets rupee reference rate at 66.2177 against US dollar

The corresponding rates were 66.0167 and 81.4580, as on friday April 20.

23 April 2018 3:26 PM IST

Ducati has already filed a patent based on research conducted with the Politecnico di Milano University.

Ducati to introduce Radar on its motorcycles

Ducati is now planning to introduce radar-based safety systems on its bikes.

23 April 2018 2:30 PM 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.

Munjals, Burmans extend validity of their offer for Fortis

Hero Enterprise Investment, Burman Family have extended the validity of their improved, joint binding offer to invest Rs...

23 April 2018 2:16 PM IST

Domestic investors were reluctant to expand their portfolios ahead of the RBIs monetary policy review, brokers said.

Infra lending may take a back seat as RBI refuses to budge on new NPA...

Banks requested the RBI to make the required majority to 75 per cent for any such plan.

23 April 2018 2:00 PM IST

India has the potential to innovate on the lines of Silicon Valley but it needs to do more for expanding the innovation ecosystem as it aspires to become a middle income country, World Bank India head Junaid Kamal Ahmad said today.

India receives USD 69 bn remittances in 2017; retains top slot

India has retained its position as the top remittances receiving country with its diaspora sending about USD 69 billion...

23 April 2018 1:29 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.

NCLAT reserves order on Google's plea to stay Rs 136 cr penalty by CCI

CCI had slapped a fine on Google for unfair business practices in the Indian market for online search.

23 April 2018 1:00 PM IST

India has requested the US to exempt it from the hefty tariffs on steel and aluminium imports.

NCLT asks Bhushan Steel CoC to consider Liberty House bid

NCLT has directed the committee of creditors (CoC) to complete its resolution proceedings by June 23.

23 April 2018 12:24 PM IST

Punjab National Bank today said money of customers is safe and asserted that there would be zero tolerance towards unethical practices.

Finance ministry hopeful of PNB rebounding in Q1

The ministry is keeping a tight watch on the bank's performance so as not to let the bank slip into further mess.

23 April 2018 12:19 PM 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 rises over 100 points, Nifty above 10,600

Investors turned optimistic ahead of key corporate earning of index heavyweights this week.

23 April 2018 11:52 AM IST

Around 2000 employees will lose jobs as TCS is shutting down its office in Lucknow.

TCS becomes first listed Indian co to hit USD 100 billion m-cap

Shares of the company today opened at Rs 3,429, rising 4.39 per cent to touch an intra-day high of Rs 3,557 on BSE.

23 April 2018 11:00 AM IST

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

Gold slips to two-week low as rising bond yields support dollar

Spot gold was down 0.1 per cent at $1,333.71 per ounce at 0346 GMT, after earlier touching its lowest since April 10 at...

23 April 2018 10:53 AM IST