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The Department of Telecom (DoT) is likely to approve on Monday the merger of Vodafone India and Idea Cellular that will create the countrys largest mobile service operator with proposed name of Vodafone Idea Ltd.

Vodafone Idea shares gain over 8 pc amid asset sale plan

On the BSE, the scrip after opening on a positive note further rose to Rs 7.08 apiece, up 7.9 per cent.

11 Dec 2019 12:56 PM IST

The Asian Development Bank lifted its outlook for growth in developing Asia this year thanks to a pick-up in the global export demand but it warned of risks from a potential China-US trade war.

ADB trims India's GDP growth forecast to 5.1 per cent in FY20

Asian Development Bank said growth should pick up to 6.5 per cent in the next fiscal year with supportive policies.

11 Dec 2019 11:55 AM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee rises 12 paise to 70.80 against US dollar in early trade

Forex traders said investors were optimistic about the US-China trade talks.

11 Dec 2019 11:16 AM IST

IndusInd Bank was the top gainer in the Sensex pack, rising 2.68 per cent. ICICI Bank gained 2.68 per cent at close. Yes Bank, Tata Steel, SBI, TCS, L&T and Infosys also advanced. (Photo: File)

Sensex gains 74 points in early trade as crude oil eases

The appreciating rupee and mixed leads from other Asian markets too influenced sentiment, traders said.

11 Dec 2019 11:05 AM IST

The Bench said, We request the acting Chief Justice of Delhi high court to constitute the requisite Committee in respect of the high court and all District Courts at Delhi, if it has already not been constituted. (Representational image)

It's like writing a blank cheque to govt: Experts

Yes, say hello to Big Brother. And if that wasn't enough to send a shiver down the spine, then here's yet another...

11 Dec 2019 1:49 AM IST

Over the last week, the 30-share BSE Sensex zoomed 1,106.97 points or 2.83 per cent. (Photo: File)

Investors should look for stock specific bets

Sectorally it was a mixed bag with Auto leading the pack with gains of 0.8 per cent, followed by metals, oil and gas...

11 Dec 2019 1:44 AM IST

In India, banks will face the maximum pressure on income from card transactions and fees, with free payments putting 8.4 per cent of the payments revenue at risk.

Banks cut MCLR rates after RBI nudges on transmission

Bank of Baroda's one-year MCLR will be 8.25 per cent, 5 basis points (bps) below the exsisting level, effective December...

11 Dec 2019 1:41 AM IST

Even as the European Union late last week decided to no longer permit sales of the widely used insecticide chlorpyrifos after January 31, 2020, in India, the insecticides residues in fruit and vegetables are still found to be above safety limits by the National Institute of Occupational Health.

Insecticide banned in West widely used here

Chlorpyrifos and chlorpyrifos-methyl have been identified as possible causes of neurological damage in children.

11 Dec 2019 1:39 AM IST

Passenger vehicle sales in Asias third biggest car market resumed their declining trend in November after a blip in the preceding month, indicating automakers are yet to recover from the worst auto slowdown in India in more than a decade.

Vehicles back in slow gear; total sales down 12 per cent in November

Commercial vehicle sales, the barometer of economic activity in the country, fell 15 per cent over last year to 61,907...

11 Dec 2019 1:37 AM IST

In the race between the duo, the winner is e-ride. The newer models in online mobility services are growing rapidly, but the average order value of food aggregators is rather shrinking.

E-ride overtakes e-food in volume terms in Q2

The average order value of food tech has also been coming down over the last few quarters.

11 Dec 2019 1:34 AM IST

The countrys largest lender, State Bank of India (SBI), on Tuesday disclosed that the central banks inspection has found that it had under-reported bad loans by Rs 11,932 crore in 2018-19.

SBI under-reported close to Rs 12,000 crore bad loans

The bank had provided Rs 1.06 lakh crore for the bad loans but the provisions for the NPAs as assessed by the RBI was Rs...

11 Dec 2019 1:31 AM IST

Investors added risk in November as their portfolios are no longer explicitly geared to assets that outperform in a low growth & low inflation backdrop, the survey said.

Securitisation shores up retail loan growth figures

Consequently, the retail securitisation volume doubled last fiscal, and has soared 39 per cent in the first half.

11 Dec 2019 1:28 AM IST