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IOC and the state govt agreed to revised terms at the meeting called at the behest of Pradhan. (Photo: AP)

IOC to buy back shares for Rs 4,435 cr; pay Rs 6,556 crore dividend

The government is expected to participate in each of the share buyback programme of these PSUs.

15 Dec 2018 11:31 AM IST

Exporters need all the help they can get to help close the trade deficit. (Representational image)

India's November trade deficit narrows to $16.67 billion

India, the world's third-biggest crude importer, buys over 80 percent of its oil from overseas markets.

15 Dec 2018 10:15 AM IST

Union Minister Arun Jaitley said that Congress had no real issue and was hence resorting to manufacturing. (Photo: File)

Avoid transient populism' in poll campaign, urges Jaitley

Speaking at AGM of FICCI, Mr Jaitley said that he is confident to meet the fiscal deficit target of 3.3 per cent in FY19...

15 Dec 2018 12:54 AM IST

This includes, besides missiles, various weapons systems and unmanned aerial vehicles. (Representational image)

ADA-Elbit UAV unit inaugurated

The company plans to export its products manufactured here in the Aerospace Park.

15 Dec 2018 12:54 AM IST

India Post is starting its India Post Payments Bank.

India Post announces full-fledged entry into e-commerce

The DoP has set up parcel directorate which is free to take decision to match the competition.

14 Dec 2018 6:01 PM IST

Positive start for domestic stock markets lent support to rupee. (Photo: PTI)

PSBs recover bad loans worth Rs 2.33 lakh cr in 4 years to FY18:...

Write-offs of NPAs is a regular exercise of the banks to clean up their balance sheet, tax benefit and capital...

14 Dec 2018 5:57 PM IST

Former RBI governor Raghuram Rajan. (Photo: PTI)

Privatisation of PSBs not panacea; need to cut govt mandates for PSBs:...

Banking system is overburdened with non-performing loans and there is a need to adequately professionalise boards of...

14 Dec 2018 5:07 PM IST

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

Gold prices steady at Rs 32,220 per 10 gram

Globally, gold declined to USD 1,239.58 an ounce in New York, while silver held steady at USD 14.68 an ounce.

14 Dec 2018 4:46 PM IST

Banning of letters of undertaking (LoUs) and letters of comfort (LoCs) by the RBI as trade finance instruments is likely to reduce financial flexibility of importers, a Fitch group company said on Wednesday.

RBI board agrees to further examine governance framework

RBI board also reviewed the current economic situation, both global and domestic challenges.

14 Dec 2018 4:26 PM IST

Agri loan waiver should not form part of poll promises: Rajan

Inhibits investment in the farm sector put pressure on the fiscal of states which undertake farm loan waiver.

14 Dec 2018 2:32 PM IST

Italian super bike maker Ducati on Thursday said it has re-opened bookings for its flagship model Panigale V4 in India.

Ducati enters pre-owned bike market in India

Only bikes less than 5 years old with certified mileage lower than 50,000 km are allowed to be sold.

14 Dec 2018 12:56 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.

WPI inflation falls to 4.64 pc in November on softening food prices

Food articles witnessed softening of prices with deflation at 3.31 per cent in November, against 1.49 per cent in...

14 Dec 2018 12:36 PM IST