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Reserve Bank of India, RBI, is a banking regulator. It also calculates and fixes repo rate. (Photo: AFP)

RBI relaxes 26 per cent debt-equity conversion cap for ARCs

Central bank also asked the boards of ARCs to frame a policy for converting debt into equity.

24 Nov 2017 11:30 AM IST

Havmor Ice Cream Ltd (HIL) has said it will sell its business to South Koreas Lotte Confectionery for Rs 1,020 crore. (Photo: Youtube Screengrab)

Lotte Confectionery to take over Havmor Ice Cream

Havmor will continue running its signature chain of restaurants across Gujarat as well as its signature brand and...

24 Nov 2017 11:20 AM IST

The benchmark BSE Sensex gained over 156 points in early trade on Tuesday. (Photo: AP)

Sensex rises 101 points to 33,689.86, Nifty above 10,370 in early...

Sectoral indices such as capital goods, auto, consumer durables and banking were all in the green by up to 0.47 per...

24 Nov 2017 10:13 AM IST

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

Rupee weakens 14 paise against US dollar in early trade

On Thursday, the rupee had staged a rebound and ended at a fresh three-week high of 64.58 against the US dollar.

24 Nov 2017 10:06 AM IST

The report had created panic among some businesses on how large transactions will be done if there is no other alternative set up before banning cheque books. (Photo: Pixabay)

Govt has no plans to ban your cheque books now

A senior CAIT official had recently been reported as saying that the government was planning to ban cheque books.

24 Nov 2017 9:42 AM IST

Uber on Thursday said it will not levy dynamic or surge pricing during the odd-even car rule implementation in Delhi next week. (Photo: AFP)

Uber informed SoftBank about data breach before making details public

Uber is trying to complete a deal in which SoftBank would invest as much as USD 10 billion for at least 14 per cent of...

24 Nov 2017 9:00 AM IST

Mr Putin said he expected the world oil market soon to be balanced.

Indian refiners processed record oil volume in October

India, which imports about 80 percent of its oil needs, has emerged as a key driver of growth in global oil demand.

24 Nov 2017 8:50 AM IST

Supreme Court of India (Photo: PTI)

Take over Aamby Valley: Supreme Court

Sebi sought permission for re-auction and to vest the property with the Official Receiver so that it was maintained till...

24 Nov 2017 1:16 AM IST

The underlying asset quality in this segment is also getting better and Crisil expects profitability metrics to tick up post the current transition period.

NBFCs, HFCs defy pressure, likely to gain market share

Wholesale finance is an evolving area where a number of NBFCs have entered over the past five years, many of which have...

24 Nov 2017 1:14 AM IST

Sunil Bharti Mittal

Sunil Mittal pledges 10 per cent wealth for charity

Money to be used to educate unprivileged children.

24 Nov 2017 1:12 AM IST

The report had created panic among some businesses on how large transactions will be done if there is no other alternative set up before banning cheque books. (Photo: Pixabay)

Finance ministry rules out plans to phase out cheques

Many experts had termed the concept to ban bank cheques to encourage cashless transaction as a bad idea.

24 Nov 2017 1:09 AM IST

The railways has started the exercise of an internal audit through which 50 mail and express trains will be upgraded to super-fast services. (Photo: File/Representational)

Railways saves over Rs 5,000 crore in power bills in two years

Railways consumes around 2.8 billion litres of diesel a year, costing Rs 18,000 crore, and 17.5 billion units of...

23 Nov 2017 7:59 PM IST