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Arun Jaitley said, the reservation formula for the Patel community is legally and constitutionally untenable. (Photo: PTI)

Govt committed to protecting rights of depositors: Jaitley

Bill provides for establishment of a resolution corporation with powers relating to transfer of assets to a healthy...

7 Dec 2017 10:49 AM IST

RBI had in December last year capped the MDR charges at 0.25 per cent for transactions up to Rs 1,000.

RBI rationalises charges on debit card transactions

MDR is the rate charged to a merchant by a bank for providing debit and credit card services.

7 Dec 2017 10:40 AM IST

EPFO has already joined the vast network of over 2 lakh common services centres (CSC) of the IT department to widen its reach.

Merge 10 old EPF accounts at one go with EPFO's new service

Currently EPFO subscribers are required to file separate transfer claims online using UAN on EPFO's UAN portal.

7 Dec 2017 10:27 AM IST

The BSE Sensex on Wednesday soared to a life-time high of 33,117.33 and the NSE Nifty scaled a historic 10,340.55 mark in opening trade. (Photo: AP)

Sensex rebounds 149 points in early trade

All sectoral indices led by capital goods, power, oil and gas and PSU were trading in green with gains of up to 1.20 per...

7 Dec 2017 10:14 AM IST

London firefighters combed through the burned-out public housing tower Thursday in a grim search for missing people as police and the prime minister launched investigations into the deadly inferno, with pressure building on officials to explain the disaster and assure that similar buildings around the country are safe. (Photo: AP)

A policy rate cut could have spurred housing market: Industry

Developers are optimistic that there is still room for banks to bring down the rate on home loans.

7 Dec 2017 10:09 AM IST

The move will help Xiaomi meet about 95 per cent of its demand in India from these two facilities.

Xiaomi to focus on offline sales to boost India business

Currently, online sales account for 80 per cent of the company's mobile phone business.

7 Dec 2017 9:52 AM IST

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

Rupee down 5 paise, stronger equities contain fall

Rupee is trading at 64.57 against dollar at interbank foreign exchange due to higher demand for American currency.

7 Dec 2017 9:43 AM IST

Apart several general industrial applications, tungsten is also used for radiation shielding and missiles, making this metal of strategic importance to India.

NMDC to sign MoU with Vietnam firm

According to Masan's website, the company produces 6,000 tonnes of tungsten a year from Nui Phao mine.

7 Dec 2017 1:34 AM IST

According to sources in the finance department, the GST collection was not expected to be so high and hence it had asked the Centre for a compensation of Rs 6500 crore.

Panel suggests tweaks to GST

It has recommended that classification of items should be such that the raw material and finished product are in the...

7 Dec 2017 1:24 AM IST

Arun Jaitley said, the reservation formula for the Patel community is legally and constitutionally untenable. (Photo: PTI)

Slash taxes, says India Inc to FM in pre-Budget meet

Jaitley asked the corporate leaders to make investments in infrastructure sector to build a stronger India.

7 Dec 2017 1:24 AM IST

The government expects a helping hand from the RBI in the form of interest rate cut in the next monetary policy review on Wednesday to boost the slowing economy. Photo: PTI

Reforms to tag along with recap, says RBI

Patel informed that the RBI is working closely with the government to finalise the extend of funding to be raised by...

7 Dec 2017 1:24 AM IST

RBI governor Urjit Patel

RBI maintains rates on inflation concerns

The staggered impact of HRA increases by various state governments may push up housing inflation further in 2018.

7 Dec 2017 1:24 AM IST