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There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

RBI likely to cut rate on Aug 2 as inflation hits record low

A rate cut will give a push to credit growth which has been sluggish from last many quarters.

30 July 2017 1:25 PM IST

Reliance sees the new handset, named JioPhone, allowing it to target Indias entire telecom user base.

Jio phone: Idea flags net neutrality worries

Trai has supported net neutrality and has undertaken a consultative process to define the same.

30 July 2017 1:16 PM IST

The GST Council cleared nil rate on live asses, mules and hinnies while placing live horses under the 12 per cent bracket.

Subdued demand may force relook at GST composition scheme

Objective behind it is to bring simplicity and reduce the compliance cost for small taxpayers.

30 July 2017 1:14 PM IST

During April-December period, exports grew marginally by 0.75 per cent USD 198.8 billion.

Logistics, warehousing space leasing up 50 per cent in H1 2017: CBRE

Leasing activity continued to witness strong growth during the first half of 2017 as close to 7.3 million sq ft.

30 July 2017 12:58 PM IST

Prior to the merger, HPCL is likely to take over Mangalore Refinery and Petrochemicals (MRPL) to bring all the refining assets of ONGC under one unit.

HPCL stake sale: Govt seeks bids for bankers, legal firms

Government is keen to complete the transaction within the current fiscal.

30 July 2017 12:49 PM IST

Morgan Stanley cuts CPI forecast on benign GST

Morgan Stanley has lowered its inflation forecast for 2017 to 3.1 per cent from 3.6 per cent earlier.

30 July 2017 11:44 AM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

RBI policy, Q1 results to drive markets this week

RBI is scheduled to meet this week and the market would keenly await action on rate reduction front.

30 July 2017 11:33 AM IST

Farmers protest by throwing tomatoes on National Highway-33 at Bundu near Ranchi for not getting a fair price for their produce. (Photo: PTI)

'Tomato prices likely to decline in next 15 days'

Tomato prices in metros were ruling at Rs 95/kg in Kolkata, Rs 92/kg in Delhi, Rs 80/kg in Mumbai on June 29.

30 July 2017 11:31 AM IST

FPIs had invested over Rs 20,000 crore in the capital market in September 2016.

FPIs remain bullish on Indian markets, pour USD 4 bn in July

The latest inflow follows net infusion of Rs 1.6 lakh crore in the previous five months (February-June).

30 July 2017 11:21 AM IST

In Financial Year 2016-17, the mutual fund on an average has added about 6.19 lakh SIP accounts per month.

MFs' asset base from small towns up 46 per cent to Rs 3.5 lakh crore

About 54 per cent of the assets from B15 locations is in equity schemes, while the same is 31 per cent for T15 assets.

30 July 2017 11:20 AM IST

ONGC on Thursday reported a 8.2 per cent drop in its June quarter net profit after sharp reduction in natural gas rates.

ONGC seeks market freedom to open India's 8th sedimentary basin

India has 26 sedimentary basins, of which only seven have commercial production of oil and gas.

30 July 2017 11:19 AM IST

Rajiv Pratap Rudy (Photo: Sondeep Shankar)

Rudy discusses skilling projects in Maharashtra with Fadnavis

According to official data, Maharashtra has trained over 10 lakh people across 40 sectors since 2011.

29 July 2017 9:02 PM IST