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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

RBI panel suggests external benchmark rate in place of MCLR

Reserve Bank's policy repo rate are better suited than other interest rates to serve role of an external benchmark.

5 Oct 2017 9:52 AM IST

Noted economist Rajiv Kumar interacts with the the media after taking charge as the Vice-Chairman of NITI Aayog, in New Delhi. (Photo: PTI)

Excise duty cut to spur demand, jobs: Rajiv Kumar

Government on Tuesday cut excise duty on petrol and diesel by Rs 2 per litre.

5 Oct 2017 9:42 AM IST

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

RCom files application for withdrawal of tower biz demerger

The renegotiated deal will be filed afresh with the NCLT in a new demerger petition.

5 Oct 2017 9:37 AM IST

MobiKwik said it had started offering wallet-to-wallet transfers, though not all rivals were on board.

MobiKwik renames its payment gateway

Company is eyeing a significant share of USD 500 billion digital payments market by 2020.

5 Oct 2017 9:32 AM IST

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

Vladimir Putin wants oil output cut to continue

Participants are showing confidence about glut erosion.

5 Oct 2017 3:58 AM IST

Rajnish Kumar named SBI chairman

Mr Kumar, aged 59 years, is at present one of the four managing directors of SBI.

5 Oct 2017 3:52 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

RBI holds key rates but warns about stimulus

Raises inflation predictions, eases liquidity for banks.

5 Oct 2017 3:46 AM IST

The govt official stressed on the need to ensure that consumers obtained accurate and unadulterated quantities of fuel purchased by them. (Photo: PTI)

Reduce VAT on fuel by 5 per cent: Centre urges states

Union finance minister Arun Jaitley will be writing to all state chief ministers urging them to cut VAT on petrol an...

5 Oct 2017 3:25 AM IST

RCom chairman Anil Ambani

RCom applies to withdraw towers spin-off plan

This comes after RCom said it and Aircel mutually agreed to scrap merger talks.

4 Oct 2017 9:00 PM IST

Foreign portfolio investors (FPI) have pulled out more than Rs 7,300 crore from the equity markets in August.

Sebi hikes FPI investment limit for govt debt; move to boost foreign...

Earlier, the limit for foreign portfolio investors (FPIs) was about Rs 1,87,700 crore.

4 Oct 2017 8:51 PM IST

Former Prime Minister Manmohan Singh. (Photo: PTI/File)

Process of economic reforms 'incomplete', new approach needed:...

Singh said economic reforms should be above all the process of opening of new opportunities for people born without...

4 Oct 2017 8:37 PM IST

The Enforcement Directorate has carried out massive raids in 50 branches of 10 banks across the nation. (Photo: PTI/Representational)

RBI urges banks to be sensitive to senior citizen, differently-abled...

The Reserve Bank of India also permitted co-operative banks to open current accounts.

4 Oct 2017 8:26 PM IST