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Shaktikanta Das

Room for more rate cuts as government's hands tied: RBI

The governor was quick to add that there is little fiscal space for the government to unveil any countercyclical...

20 Sept 2019 3:29 AM IST

Global rating agency Moodys Investors Service on Tuesday placed Yes Banks foreign currency issuer rating of Ba1 under review for downgrade.

Rana family sells 2.3 per cent Yes stake

MCPL had in April 2018 placed rated, zero-coupon NCDs amounting Rs 1,160 crore with RNAM.

20 Sept 2019 2:47 AM IST

Tyre exports have picked up in June quarter as Indian manufacturers are trying to ultilise the trade war opportunity.

Tyre-makers tap trade war to push exports

According to industry experts, the ongoing September quarter is also witnessing an upward trend in shipments.

20 Sept 2019 2:43 AM IST

TVS Motor, Indias third largest two-wheeler maker, which scored its best ever monthly sales of TVS NTorq in a depressed market last month, on Thursday launched the TVS NTorq 125 Race Edition at Rs 62,995 at Delhi showroom to boost sales during the festival season.

TVS NTorq 125 gets sportier

The NTorq 125 Race Edition goes head to head with the Aprilia SR 125, which costs Rs 74,027.

20 Sept 2019 2:39 AM IST

The Sensex crashed over 505 points to slip below the 38,000-level as rupee woes and global trade war worries spooked investors despite the government announcing a slew of measures to stem a steep fall in the domestic currency.

Negative candle points to more weakness

The Sensex fell 470.41 points or 1.29 per cent to 36,093.47, while Nifty lost 135.85 points or 1.25 per cent to 10,704.

20 Sept 2019 2:35 AM IST

Indias real-time money transfer platform IMPS has been rated the best global payments innovation by US-based research firm Fidelity National Information Services (FIS ). (Photo: Financial Chronicle)

IMPS is world's best money transfer platform

India is one market which has successfully integrated real-time payments with mobile and the result has been 1,000 per...

20 Sept 2019 2:32 AM IST

Ziptron, the soon to be introduced EV powertrain, will help it drive economies of scale and make new EVs more affordable for consumers in Asias third biggest car market.

Tata Motors unveils Ziptron EV powertain

Ziptron cars will also feature drive modes to give drivers the option to maximise range or enhance performance.

20 Sept 2019 2:29 AM IST

The Central Drugs Standard Control Organisation, and the Drug Controller General of India deal with regulatory controls.

Valsartan impurities under investigation

VG Somani said the Central Drugs Standard Control Organisation was carrying out the investigation.

20 Sept 2019 2:25 AM IST

Finance minister Nirmala Sitharaman during a press conference in New Delhi on Saturday. (Photo: Asian Age)

No stressed MSME loan to be declared NPA till March 2020: FM

FM said banks have been asked to follow that circular and not declare any stressed MSME loan as NPA till March.

19 Sept 2019 8:24 PM IST

Manufacturing sector contracted by 0.4 per cent in November as against a growth of 10.4 per cent a year ago. (Representational image)

Factory investment at 3-year low of Rs 3.31 lakh cr in 2017-18: Survey

The number of employees also increased to 1.55 crore in 2017-18 from 1.48 crore in the previous year.

19 Sept 2019 7:43 PM IST

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

Rupee slips 10 paise to 71.34 against USD

Forex traders said investors turned cautious after the US Federal Reserve dimmed hopes of further rate cuts.

19 Sept 2019 6:28 PM IST

InVIT will acquire 100 per cent equity interest in Pipeline Infrastructure Pvt Ltd, owner and operators of the pipeline that transports Reliance Industries Ltds eastern offshore KG-D6 gas to customers, according to a statement issued by RIL.

Reliance says Mukesh Ambani's shareholding has not increased in...

The company in an emailed statement said: "There has been no transaction of purchase of shares".

19 Sept 2019 5:12 PM IST