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RCom was expecting a significant debt reduction post completion of merger with Aircel. (Photo: File)

RCom allots 10 pc shares to Sistema Shyam Teleservices

Value of shares allocated to Russian conglomerate Sistema owned SSTL is estimated to be around Rs 415 crore.

11 Nov 2017 11:20 AM IST

Stunning growth: The FMCG sector in India is expected to more than double to $104 billion by 2020 from the current $49 billion. The sector is expected to grow at a compounded annual growth rate (CAGR) of 20.6 per cent. There is almost nothing else in the world growing this quick.

FMCG cos hail tax reduction, say will pass benefits to consumer

As many as 178 items of daily use were shifted from the top tax bracket of 28 per cent to 18 per cent.

11 Nov 2017 11:16 AM IST

Axis Bank launched a home loan product that entails waiving off a few EMIs during the course of a loan. (Photo: PTI)

Axis Bank to raise Rs 11,626 crore from investors

Bank will raise Rs 9,063 crore from the share sale and Rs 2,563 crore from the sale of warrants.

11 Nov 2017 11:09 AM IST

FDI equity inflow in manufacturing sector grew by 31 per cent to USD 4.19 billion during April-June this fiscal.

DIPP approves FDI proposal for single-brand retail sector

FDI into the country grew 9 per cent to USD 43.47 billion in 2016-17.

11 Nov 2017 11:05 AM IST

As per the data, manufacturing sector, which accounts for 77.63 per cent of the index, slowed to 3.4 per cent, from 5.8 per cent a year earlier.

India's output in September dips to 3.8 per cent

Post-GST momentum wasn't sustained.

11 Nov 2017 1:27 AM IST

Finance Minister Arun Jaitley addresses the media after 23rd GST Council Meet in Guwahati, Assam. (Photo: PIB)

GST Council slashes rates of over 200 items; changes from Nov 15

Chocolates, shampoo, eating out to cost less; For now, no GST on real estate.

10 Nov 2017 7:29 PM IST

Higher opening in domestic stock market limited rupee losses. (Photo: PTI).

Rupee plunges to 1 month low of 65.16, dives 22 paise

RBI, meanwhile, fixed the reference rate for the dollar at 65.0147 and for the euro at 75.7356.

10 Nov 2017 7:25 PM IST

Shares of Allahabad Bank closed 1.96 per cent down at Rs 87.70 on BSE.

Allahabad Bank Q2 net rises 8 per cent to Rs 70 crore

Total income remained flat at Rs 5,067.78 crore during the quarter as against Rs 5,051.61 crore.

10 Nov 2017 5:22 PM IST

The RBI directed all banks to implement doorstep banking facilities for differently-abled citizens and those above 70 years of age by December this year. (Photo: PTI)

RBI directs to enable doorstep banking for senior citizens,...

Banks were also advised to provide a dedicated counter for senior citizens and people who are differently-abled.

10 Nov 2017 4:14 PM IST

The Sensex opened higher before trading at 26,646.65 at 1100 hours, a loss of 51.17, or 0.19 per cent.

Markets end higher on GST relief, but post weekly loss

The 30-share Sensex, after a hesitant start at 33,235.75, rebounded to the day's high of 33,380.42.

10 Nov 2017 4:04 PM IST

The Economic Advisory Council to Prime Minister Narendra Modi on Friday spelt out a road map for stepping up skill development, job creation and enhanced resource investment in the social sector. (Photo: ANI)

EAC-PM spells out 'road map' for job creation, skill development,...

The EAC also made recommendations to guide the framework for the Fifteenth Finance Commission.

10 Nov 2017 4:01 PM IST

Mahindra & Mahindra

M&M Q2 net profit jumps 25 per cent to Rs 1,332 crore

Revenue from operations for the quarter under review was at Rs 12,182.07 crore.

10 Nov 2017 3:46 PM IST