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

Bank recapitalisation to improve credit, GDP growth: report

Govt's decision to infuse Rs 2.1 trillion of capital in PSBs could improve credit growth by up to 10 percentage point.

25 Oct 2017 6:19 PM IST

At a floor price of Rs 94 a piece, sale of 5 per cent stake would fetch about Rs 800 crore to the exchequer. (Photo: DC/File)

NLC Divestment: Institutions bid for Rs 1,000 cr worth shares

Govt has already raised over Rs 19,000 crore through minority stake sale in PSUs in current fiscal.

25 Oct 2017 6:09 PM IST

The company had posted a net profit of Rs 65.87 crore during the July-September quarter of previous fiscal.

Emami Q2 net profit surges 50 per cent to Rs 99 crore

Total income increased by 6.97 per cent to Rs 633.46 crore as against Rs 592.16 crore.

25 Oct 2017 5:45 PM IST

Finance Secretary Ashok Lavasa

Finance Secretary hints at increased capital expenditure by PSUs

Lavasa emphasises on need to increase public investment, for which bold steps will be taken by govt to recapitalise...

25 Oct 2017 5:35 PM IST

Tata Starbucks is planning three Starbucks cafe stores in Kolkata in early 2018.

Kolkata to get three Starbucks Coffee shop by early 2018

Starbucks entered India with the opening of its first store at Horniman Circle in Mumbai in 2012.

25 Oct 2017 5:30 PM IST

Paytm, digital wallet provider, has started its own payments bank. (Photo: AFP)

Paytm adds over 120,000 physical KYC points in India

RBI's new guidelines say all prepaid instruments need to ensure their customers are KYC-enabled.

25 Oct 2017 5:22 PM IST

Chief Economic Adviser Arvind Subramanian

CEA bats for mergers in banking sector, says India should have 5-7...

Quoting former RBI Governor Y V Reddy, Subramanian said the aim must be to shrink or narrow the scope of the unviable...

25 Oct 2017 5:05 PM IST

Sensex, Nifty both surged on Thursday ahead of release of numbers on IIP and inflation later in the day. (Photo: AFP)

Sensex ends over 33,000; Nifty near 10,300 as markets at new peak

The 30-share index was up 435 points and Nifty zoomed 88 points at closing hours.

25 Oct 2017 4:55 PM IST

IDFC Limited on Thursday registered a growth of over 65.2 per cent in consolidated net profit at Rs 299.40 crore for Q1.

IDFC Bank Q2 net slides 40 per cent to Rs 234 crore

Company's net profit in the same quarter of the previous fiscal stood at Rs 387.76 crore.

25 Oct 2017 4:41 PM IST

Hindustan Unilever Limited or HUL is a fast moving consumer goods company.

Hindustan Unilever posts 16 per cent rise in Q2 profit

Net sales during the quarter under review stood at Rs 8,199 crore as against Rs 8,335 crore in the year-ago period.

25 Oct 2017 4:39 PM 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.

Businesses can now cancel registration on GSTN

Migrated businesses with turnover up to Rs 20 lakh who have not issued invoice can cancel their registration on portal.

25 Oct 2017 4:28 PM IST

Chief Economic Advisor Arvind Subramanian

Interest burden of recap bonds to be about Rs 9,000 cr: CEA

The government's equity dilution will help banks raise about Rs 58,000 crore.

25 Oct 2017 4:19 PM IST