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

Rupee falls 54 paise, touches 71 level against US dollar

The rupee opened weak at Rs 70.82, then fell further to 71 against the American currency.

6 Dec 2018 10:16 AM IST

Trai had recommended that airlines be allowed to offer both internet and mobile communication services to flyers with certain conditions.

Mobile calls, internet on flights may start next month

The telecom ministry is awaiting the views of the law ministry on in-flight connectivity.

6 Dec 2018 10:04 AM IST

The BSE Sensex on Friday soared to life-time high of 33,270.62 and the NSE Nifty scaled another record high of 10.366.15 in opening trade. Photo: AP

Sensex cracks over 300 points, Nifty drops below 10,700

The NSE Nifty was trading 94 points, or 0.87 per cent, lower at 10,688.90.

6 Dec 2018 9:57 AM IST

The exorbitant commissions have been adversely impacting revenues, business and the livelihood of hoteliers.

Hotels, online travel agents set to clash over pricing

The OTAs normally charge commissions ranging from 12 to 15 per cent from the hotels on the bookings made by them.

6 Dec 2018 1:46 AM IST

Jet Airways stock ended the day at Rs 604.35, down 1.55 per cent from the previous close on BSE.

Etihad may come to rescue for Jet

Its desperate attempts to raise funds failed miserably eventually leading to its closure.

6 Dec 2018 1:20 AM IST

The Reserve Bank is expected to go for a hike in key policy rates by the fourth quarter of this year.

Banks can't change return on loans midway, says RBI

RBI asks banks to link all floating rates to external benchmark like repo.

6 Dec 2018 1:19 AM IST

The state consumer commission had held Jet Airways responsible for causing losses to a passenger.

Sale offer: Jet Airways cuts base fares by up to 30 per cent

The travel period for the bookings availed under the discounted fares range from December 5 to September 30, 2019.

5 Dec 2018 5:04 PM IST

Deputy governor Viral Acharya today said the switch to GDP is mainly to conform to international standards.

No need for RBI to help NBFCs as lender of last resort: Acharya

The central bank is guided by the principle of addressing system-wide liquidity requirements, says Acharya.

5 Dec 2018 4:56 PM IST

RBI governor Urjit Patel

Patel parries all questions about spat with govt

Section 7 of the RBI Act which empowers government to direct the central bank to undertake certain policy measures in...

5 Dec 2018 4:27 PM IST

Sensex, Nifty each lost over 1 per cent on Friday amidst fears of a US-North Korea war. (Photo: PTI)

Sensex tanks 250 points as RBI holds rate

The BSE Sensex tumbled 249.90 points, or 0.69 per cent, to close at 35,884.41.

5 Dec 2018 4:15 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI retains GDP projection for current fiscal at 7.4 per cent

India's economic growth fell to 7.1 pc in the second quarter of the current fiscal, from 8.2 per cent.

5 Dec 2018 4:10 PM IST

Inflation in onion continued to rule high at 42.22 per cent and in potato at 43.25 per cent.

RBI lowers inflation projection to 2.7-3.2 per cent in H2 FY19

Inflation is projected at 2.7-3.2 per cent in H2 FY2018-19 and 3.8-4.2 per cent in H1 FY2019-20

5 Dec 2018 3:26 PM IST