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Standard Chartered Chief Executive Bill Winters this month branded the banks income and profit unacceptable, as below-forecast third-quarter results underlined the challenges facing his overhaul.

Standard Chartered expected to pay just over USD 1 bn to resolve US,...

The bank settled the foreign exchange probe in February when it was fined USD 40 million by New York's banking...

9 April 2019 9:42 AM IST

Crude oil was trading higher 0.68 per cent to Rs 4,139 per barrel in futures market on Thursday.

Oil slips from 5-month highs as economic worries counter tight market

International benchmark Brent futures touched their strongest level since last November at USD 71.34 per barrel.

9 April 2019 9:34 AM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

RBI issues norms for banks to set up currency chests

The new chests should have a processing capacity of 6.6 lakh pieces of banknotes per day.

9 April 2019 9:22 AM IST

With this investment, Singtels total stake (along with its affiliates) in Bharti Telecom will increase to 48.90 per cent. Singtel currently holds 47.17 per cent stake in Bharti Telecom. This will lead to an increase of Singtel economic interest in Bharti Airtel by 0.9 percentage points to 39.5 per cent. (Photo: PTI)

Airtel gets Sebi nod for Rs 25,000 crore rights issue

The board of the company had approved the rights issue proposal in February.

9 April 2019 9:19 AM IST

DLF has a land bank of 269 million sq ft, of which 26.9 million sq ft of projects area was under construction at the end of the first half.

Singapore govt sells 6.8 cr shares of DLF for Rs 1,298 crore

Singapore government through its sovereign wealth fund GIC has two joint ventures with DLF.

9 April 2019 9:16 AM IST

The latest amendment in the solar project bidding norms is positive for solar developers but uncertainty remains over the pending decision on safeguard duty, says a report by Icra.

India's solar capacity touches 28 GW

Among rooftop installers, Tata Power led cumulative installations while Clean-Max Solar was the top rooftop installer.

9 April 2019 1:39 AM IST

Both motors come with an 8-speed automatic gearbox that powers the rear wheels.

BMW launches Z4 Roadster at Rs 64.90 lakh

Both sDrive20i and M40i cars accelerate 0-100kph in just 6.6 seconds and 4.5 seconds respectively, the company claimed.

9 April 2019 1:38 AM IST

Health insurance is not just another tax-saving header. It is a necessity. If you are without a health cover today, you are taking a risk. A sudden hospitalisation can be potentially worth lakhs of rupees.

LIC Bahrain ops downgraded

As LICI is an offshore subsidiary of LIC of India, AM Best has placed these credit ratings concurrently under review...

9 April 2019 1:37 AM IST

Stocks of IT companies saw selling as the rupee continued to strengthen, which dragged down the Sensex.

Market volatilty seen increasing

The sentiments were also hit by rise in global crude pricing dragging the oil stocks down.

9 April 2019 1:37 AM IST

Australian Indo Gold Limited discovers 38.5 million tonnes low grade gold resources in Jagpura

Gold share in reserves at 6.4 per cent as RBI adds 8.7t in Q4

After buying 200 tonnes of gold from IMF in 2009, RBI had shelved its gold accumulating initiatives for some time.

9 April 2019 1:37 AM IST

Luxury and mid segment housing, both saw increased queries in comparison to last year.

Housing supply, sales up in FY19

Developers reduced the average property sizes to align their products within the affordability bracket for more buyers

9 April 2019 1:37 AM IST

HDFC plans to raise Rs 50,000 crore via bonds

The bank said its board will consider the proposal at its meeting on April 20, when it will also announce its quarterly...

9 April 2019 1:36 AM IST