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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

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.

Sensex tanks 470 points; Yes Bank plunges 15 per cent

According to experts, stock-specific sell-off in index heavyweights dragged key indices lower.

19 Sept 2019 4:18 PM IST

Gold was available for $2 premium over and above the landed rate 15 days back. After the steep rise, it is now available for a discount of $14 per ounce, said Suresh Hundia, former President of the Bombay Bullion Association.

Gold prices fall Rs 270 on stronger rupee, weak sentiment

Prices of silver also tumbled Rs 380 to Rs 47,310 per kilogram.

19 Sept 2019 4:02 PM IST

Maruti Suzuki India (MSI) is quietly gaining presence in the light commercial vehicle (LCV) space with its Super Carry mini-truck registering over ten-fold jump in sales in 2017-18.

Maruti Suzuki crosses 10-lakh-exports milestone from Mundra Port

With shipments to more than 125 countries, the company's cumulative exports have already crossed 18 lakh units mark.

19 Sept 2019 3:11 PM IST

The Union government, or for that matter, the ministry of finance should not interfere in the functioning and decision-making powers of the RBI. (Photo: AFP)

Finmin gets nearly 100 applications for post of RBI deputy governor

Persons with at least 25 years of work experience in an Indian or international public financial institution could also...

19 Sept 2019 3:04 PM IST

Minister of State for Agriculture Parshottam Rupala during the Question Hour urged the West Bengal and Delhi governments to implement the scheme at the earliest and ensure benefits reach farmers. (Photo: File)

Parliament nod on pesticide and seed bills likely next session: MoS...

Pesticide Management Bill seeks to regulate the pesticide sector by fixing prices and setting up of a regulatory...

19 Sept 2019 2:01 PM IST