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The RBI move comes at a time when banks already battling near-record levels of soured loans are staring at an increase in stressed assets after a rule change announced in February.

State-run bank shares rally after RBI eases bankruptcy provision needs

The banks will need to achieve 50 per cent provision cover for those loans by end-June.

5 April 2018 12:23 PM IST

Indian services sector activity returned to its growth track in March, driven by greater inflows of new work.

Services sector back on growth track, job-creation at 7-yr high

Indian services sector activity returned to its growth track in March.

5 April 2018 12:01 PM IST

Crude oil was trading higher 0.68 per cent to Rs 4,139 per barrel in futures market on Thursday.

Crude oil futures up 0.68 per cent on global cues

At Multi Commodity Exchange, crude oil for delivery in current month rose by Rs 28 or 0.68 per cent.

5 April 2018 11:50 AM IST

India is set to offer a $3-4 billion development plan for the Farzad B gas field to Iran next week after Tehran reduced the scope of the project.

India to offer USD 3-4 billion development plan for Iran gas field

The new terms confine Indian companies to just production of gas and development of the field.

5 April 2018 11:28 AM IST

RBI Governor Urjit Patel, will announce the resolution of the MPC on its first bi-monthly monetary policy for financial year 2018-19 later in the day.

Rate-sensitive stocks rise ahead of RBI policy decision

Last month, the US Federal Reserve raised interest rates by a quarter of a percentage point.

5 April 2018 11:17 AM IST

Online travel agency MakeMyTrip and e-commerce giant Flipkart have tied up for online bookings of hotels and flights.

MakeMyTrip ties up with Flipkart to sell travel services

MakeMyTrip's other portals such as Goibibo and redBus will also be a part of the deal.

5 April 2018 11:02 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 surges 400 pts ahead of RBI policy, Nifty gains 124 points

The market breadth remained strong.

5 April 2018 10:20 AM IST

According to the World Steel Association, India produced 8.4 million tonnes of crude steel in February 2018, up 3.4 per cent over February 2017.

India pips Japan, becomes 2nd top crude steel maker

He said the steel ministry is working proactively to lay down the road map to achieve 300 million tonnes by 2030.

5 April 2018 5:05 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.

Trade war concerns hit Sensex

Risk-aversion witnessed in markets after China's move.

5 April 2018 4:57 AM IST

Banks stare at $38bn new NPAs

Banks stare at $38bn new NPAs

Report says $53bn out of $178bn loans to the power sector are already stressed.

5 April 2018 4:51 AM IST

Rolls-Royce Cullinan will undertake The Final Challenge to prove itself Effortless Everywhere in the public eye.

Rolls-Royce Cullinan conducts final challenge ahead of launch

Rolls-Royce and National Geographic will work together to publish daily film and photograph updates.

4 April 2018 8:11 PM IST

The government plans to have more benches of the National Company Law Tribunal on the basis of case load, a senior official said on Wednesday amid rising number of insolvency cases coming up before the NCLT.

Govt plans to have more National Company Law Tribunal benches

A case is admitted for resolution under the Code only after approval from the NCLT.

4 April 2018 8:03 PM IST