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Of them, 14 banks registered net loss in their books for 2015-16, while the remaining logged profits.

'PSBs posted Rs 17,993 cr loss in FY16'

Govt has revised performance indicators for banks which are basically built on improving efficiency and capital...

2 Dec 2016 4:34 PM IST

Indias National Stock Exchange CEO Chitra Ramkrishna

NSE chief executive Chitra Ramkrishna resigns

Country's biggest bourse will make an official announcement shortly.

2 Dec 2016 4:09 PM IST

Bombay Stock Exchange

Sensex slumps 329 points, Nifty below 8,100

The 50-share NSE Nifty tumbled 106.10 points, or 1.30 per cent, to end at 8,086.80.

2 Dec 2016 4:06 PM IST

The government has received representations from the steel industry to increase the import duty.

Govt not to raise import duty further on steel products

Govt has increased basic customs duty on ingots and billets, alloy steel and non-alloy long products from 5 per cent to...

2 Dec 2016 3:57 PM 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RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.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 orders new currency based on demand

Government today said the RBI monitors currency requirement on a regular basis and accordingly places order for...

2 Dec 2016 3:44 PM IST

I-T raids lead to biggest cash seizure

I-T raids lead to biggest cash seizure

The department said it detected unaccounted income worth Rs 152 crore after conducting searches.

2 Dec 2016 2:58 PM IST

A ban on gold imports would also lead to large-scale unemployment as this sector has a huge workforce, with most of them on contract.

No proposal to cut import duty on gold: Govt

During April-October 2016-17, exports declined marginally by 0.2 per cent.

2 Dec 2016 2:45 PM IST

SBIs announcement to offload up to 5 per cent stake in SBI Life to a non-promoter group might be construed as a test to see the market response.

SBI Life may float IPO next year, says CEO

SBI, which holds 74 per cent in SBI Life, has also offered to offload 10 per cent to the other partner Cardiff at a...

2 Dec 2016 2:18 PM IST

Ola Money is currently accepted at over 500 online and offline merchants, as well as for bill payments at over 25 major utilities across India. (Photo: Twitter)

Ola partners HPCL, IOCL for fuel payments

OLA users can now pay for their fuel with Ola Money on Verifone-enabled PoS devices in any of these fuel stations.

2 Dec 2016 2:05 PM IST

Finance Minister Arun Jaitley. (Photo: PTI)

Demonetisation to have long-term benefits: Jaitley

The government intends to implement the GST from April 1, 2017.

2 Dec 2016 1:52 PM IST

RBI to go for rate cut in next weeks meeting

RBI to go for rate cut in next week's meeting

The Monetary Policy Committee headed by Urjit Patel had cut benchmark interest rates to 6.25 per cent.

2 Dec 2016 1:23 PM IST

India projected to grow 7.6 per cent in 2017: UN report

India projected to grow 7.6 per cent in 2017: UN report

The ongoing structural reforms are also expected to benefit private investment in India.

2 Dec 2016 12:25 PM IST