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In its first board meeting after a controversy erupted involving Chanda Kochhar and the Videocon Group, leading private lender ICICI Bank examined insolvency cases pending before the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016.

ICICI Bank, IndoStar Capital join hands for commercial vehicle...

ICICI Bank will provide funding to these customers, who have so far limited access to organised credit.

3 July 2019 3:08 PM IST

Prime Minister Narendra Modi

India's budget likely to hike spending to combat slumping growth

In January-March, annual growth slumped to 5.8 per cent, the slowest pace in 20 quarters.

3 July 2019 1:56 PM IST

LG Displays predicament was in many ways one of its own making. (Photo: AP)

LG forays into ceiling fan segment in India

The ceiling fans would be manufactured at LG India's plant at Greater Noida.

3 July 2019 1:55 PM IST

In his first decision after being sworn-in to head the government for a second term, Prime Minister Narendra Modi, who had made national security an important plank in the elections, on Friday approved a major change in the Prime Ministers Scholarship Scheme under the National Defence Fund. (Photo: Twitter/ ANI)

Going for growth, government set to borrow more: Economists

Govt will revise its fiscal deficit target up to 3.5 per cent of GDP for the current fiscal year and 3.3 per cent for...

3 July 2019 1:53 PM IST

Union Railways Minister Piyush Goyal (Photo: File)

Language, banking system impeding trade with central Asia: Piyush...

Goyal said efforts are being made to boost trade through existing mechanisms between India and Central Asian countries.

3 July 2019 1:42 PM IST

The Central government is not the lone torch-bearer of the nations economic growth. The achievements and failures, the contradictions and anomalies are spread out in both the Central and state budgets.

Need to increase funding for startups, simplify credit facilities in...

Finance Minister Nirmala Sithraman will be presenting her first full Union Budget on Friday.

3 July 2019 1:20 PM IST

Number of CNG stations and PNG connections to be released command 70 per cent of the bidding weightage.

CNG price in Delhi hiked by 90 paise, 7th increase since April '18

CNG price in Delhi was raised by 90 paise per kg to Rs 46.60.

3 July 2019 12:59 PM IST

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

Yes Bank shares drop over 8 pc after borrower defaults on loan

According to reports a Mumbai-based realty firm has failed to service interest payments on a Rs 1,200 crore loan to the...

3 July 2019 12:41 PM IST

As the downward spiral of the rupee continues, its effect will be felt in the government not being able to hold the fiscal deficit, inflation in oil and other imports, the fall of investments made in the stock market and the increased cost to companies in repaying foreign loans.

Rupee rises 16 paise against dollar in early trade

Rising crude oil prices and foreign fund outflows weighed on the domestic currency.

3 July 2019 10:28 AM IST

Benchmark Sensex surged 577 points to end at 33,597 on Thursday.

Sensex, Nifty start on a volatile note

The 30-share index was trading 29.49 points, or 0.07 per cent, higher at 39,845.97.

3 July 2019 10:00 AM IST

Amazon to add over 2,000 jobs this year

More than 170 of the new jobs in Britain will be at Amazon's development centers in Cambridge.

3 July 2019 9:42 AM IST

The Indian rupee is totally correlated to the crude prices and as long as the crude remains above $70, the rupee will hold weak.

Wilful defaults in India cross USD 21 billion in 2018-19

As per data from RBI, gross loans and advances in state-run banks came in at 638.2 bn rupees, as of March 31, 2019.

3 July 2019 9:37 AM IST