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Economic Affairs Secretary Shaktikanta Das

RBI cuts key rate by 25 bps, changes stance to neutral

Four of six members of the MPC voted to cut the rates, while all six members voted for a change in the stance.

7 Feb 2019 12:08 PM IST

The companies agreed not to oppose an award of USD 59 million in attorneys fees and USD 7 million in costs.

Fiat Chrysler, Bosch agree to pay USD 66 million in diesel legal fees:...

Fiat Chrysler is paying up to USD 280 million, or 90 pc of the settlement costs, and Bosch is paying USD 27.5 mn, or 10...

7 Feb 2019 11:57 AM IST

Economic Affairs Secretary Shaktikanta Das

RBI MPC may change policy stance to neutral this week: experts

Today's policy statement from the RBI will mark first under Governor Das, who took office nearly a week after the last...

7 Feb 2019 11:17 AM IST

The Department of Telecom (DoT) is likely to approve on Monday the merger of Vodafone India and Idea Cellular that will create the countrys largest mobile service operator with proposed name of Vodafone Idea Ltd.

Vodafone Idea's loss in Q3 mounts to Rs 4,974 crore

The company's board has approved a rights issue of up to Rs 25,000 crore, it informed stock exchanges.

7 Feb 2019 11:06 AM IST

Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)

Over 15 cr Mudra loans sanctioned till January 25: Employment Minister

Under PMMY collateral free loans up to Rs 10 lakh are extended to MSME to set up or expand their business activities.

7 Feb 2019 11:00 AM IST

Thats a 28 per cent gain in two years, putting the US close to becoming the worlds biggest crude producer, edging nearer to the 11 million bpd churned out by Russia.

Oil falls as US maintains record output, inventories climb

US crude oil production remained at the record 11.9 million barrels per day (bpd) it reached in late 2018.

7 Feb 2019 10:28 AM IST

Qualcomm on Dec. 10 said it had won a preliminary court order in China banning Apple from selling some older iPhone models that the court found violated two Qualcomm software patents.

Scoot over Microsoft: Apple again the most valuable US company

Apple edged up 0.03 per cent, putting its market value at USD 821.5 billion.

7 Feb 2019 10:20 AM IST

On Tuesday, the Indian rupee closed the session on a flat note at 69.83 a dollar.

Rupee falls 20 paise against dollar in early trade

Rupee opened on a weak note at 71.73 then fell further to 71.76 against the US dollar

7 Feb 2019 10:09 AM IST

Market indices opened sharply higher on Thursday, with the Sensex rising 383.96 points to 33,403.03 and the Nifty gaining 124.10 points at 10,252.50.

Sensex jumps 150 points ahead of RBI policy outcome

The 30-share index was trading 161.53 points, or 0.44 per cent, higher at 37,136.76.

7 Feb 2019 10:01 AM IST

The WTO upheld Japans complaint in November but India is planning to appeal.

Firms seek higher duties as surplus steel lands in India

The ministry has given various indications that some measures might be taken, the sources added.

7 Feb 2019 6:38 AM IST

The shake-up led to consolidation, with Vodafone Plc merging its Indian operations with Idea Cellular last year in a deal worth $23 billion.

Vodafone Idea posts Rs 5,005-crore loss

The company said the quarterly numbers were not comparable on account of the merger last year.

7 Feb 2019 6:00 AM IST

In January, MSCIs broadest index of Asia-Pacific shares gained 6.7 per cent, its biggest monthly advance since March 2016.

Asian equities receive biggest foreign inflows

Foreign outflows from Asian equities were the biggest in at least seven years in 2018 as the Sino-US trade war battered...

7 Feb 2019 5:57 AM IST