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S V Ranganath appointed as the interim chairman of the Coffee Day Enterprises.

Coffee Day Enterprises to sell its tech park to Blackstone for up to...

The transaction valuation is about Rs 2600-3000 cr and the company has entered into a non-binding letter of intent.

14 Aug 2019 5:50 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 loses sheen, falls Rs 425 on lacklustre demand; silver slips Rs...

Gold is trading at Rs 37,945 per 10 gram in the national capital due to lacklustre demand from jewellers.

14 Aug 2019 5:25 PM IST

Reserve Bank of India (RBI)

Jalan panel finalises report; suggests transfer of RBI's surplus in...

As per various estimates, the RBI has over Rs 9 lakh crore of surplus capital with it.

14 Aug 2019 5:20 PM IST

Auto sector employs over 35 mn, contributes more than 7 per cent to GDP and accounts for 49 per cent of manufacturing GDP.

Auto industry hails PM's assurance on co-existence of conventional...

Auto industry has been opposing proposal by Niti Aayog to push for full conversion to EVs for ICE three-wheelers by...

14 Aug 2019 5:06 PM IST

By taking India off the list, exports of $5.6 billion would be affected in leather products, carpets, textiles, gems and jewellery etc.

Exports growth to be in double digits this fiscal: Commerce Secretary

Growth in exports was between nine and ten per cent and the volume touched USD 331 billion.

14 Aug 2019 4:57 PM IST

The Nifty claiming 11,l883 and Sensex 39571 marked the day with all the bullishness summoned up from yesterdays gains but selling emerged at higher levels.

Sensex gains 353 points; Nifty reclaims 11,000 level

After surging 515 points during the session, the 30-share Sensex settled 353.37 points or 0.96 pc higher at 37,311.53.

14 Aug 2019 4:13 PM IST

Global rating agency Fitch on Monday slashed its GDP forecast for India for FY18 saying growth has repeatedly disappointed in recent quarters.

More forced lending to NBFCs can land banks in trouble: Fitch

Earlier this month, RBI announced three major steps to encourage banks to lend more to liquidity starved NBFCs.

14 Aug 2019 4:02 PM IST

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

SBI proposes to dilute stake in credit card business

The country's largest lender currently holds 74 per cent stake in SBI Cards & Payment Services Private Limited.

14 Aug 2019 3:58 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 files revised shareholding; lists ONGC as promoter

Securities and Exchange Board of India had asked HPCL to re-file shareholding pattern to stock exchanges by August 13,...

14 Aug 2019 3:32 PM IST

Global ratings agency Fitch on Monday said it is doubtful about the strength of corporate governance at ICICI Bank, amid allegations of impropriety against its MD and Chief Executive Officer Chanda Kochhar.

ICICI Bank reviews fixed deposit rates; here are the latest FD rates

Senior citizens continue to get higher interest rates than the general public.

14 Aug 2019 3:27 PM IST

The government has proposed to halve the income tax to 5 per cent for those earning between Rs 2,50,000 and Rs 5,00,000 per annum, in a relief to the middle class.

7 benefits of filing your income tax return

To avoid penal actions, ensure that you file your income tax return on or before the August 31, 2019 deadline.

14 Aug 2019 2:53 PM IST

As per the Central Statistics Office (CSO) data inflation in vegetables contracted by 2.19 per cent last month, compared to 7.8 per cent in June.

Wholesale inflation in July falls to multi-year low of 1.08 per cent

Inflation based on Wholesale Price Index (WPI) was at 2.02 per cent in June this year and 5.27 per cent in July 2018.

14 Aug 2019 12:36 PM IST