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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 can transfer Rs 1 trillion of excess reserves to govt: report

The government for the second year in a row has pegged fiscal deficit at 3.3 per cent of GDP this fiscal year.

26 Nov 2018 4:12 PM IST

Origin of gold is one of the most intriguing mysteries for mankind since ancient times. (Photo: Pixabay)

Gold prices rise Rs 100 on buying by local jewellers

Gold is trading at Rs 31,850 per 10 gram on Monday amid buying by local jewellers and positive global sentiment.

26 Nov 2018 3:55 PM IST

Nissan and Renault chairman Carlos Ghosn. (Photo: AP)

Mitsubishi Motors dismisses Ghosn as chairman

Ghosn's arrest marked a stunning fall for an executive who dominated the Japanese auto industry.

26 Nov 2018 3:34 PM IST

The rupee finally settled at 69.89 on Tuesday, showing a modest gain of 4 paise over the previous close. (Representational image)

Govt to infuse Rs 42,000 cr in PSU banks by March; next tranche likely...

Out of the Rs 1.35 lakh crore, the government has already infused about Rs 82,000 crore through the bonds.

26 Nov 2018 3:06 PM IST

Fiscal deficit for the financial year 2016-17 is budgeted at 3.5 per cent.

Dip in revenues may widen fiscal gap to 3.5 per cent in FY19: report

Total revenues and expenditure of the govt, will come at Rs 6.67 lakh cr as against the budgeted Rs 6.24 lakh cr.

26 Nov 2018 2:16 PM IST

ATF accounts for a substantial chunk of the operational expenses incurred by airlines.(Representational Image)

Govt to review airlines' decision to charge for all seats during web...

The airline is charging for every seat selection made through the web.

26 Nov 2018 1:00 PM IST

About 18,000 of them, or 36 per cent of the workforce, are eligible for voluntary redundancy.

GM to close Canadian factory, putting 3000 jobs at risk: report

The plans stand to affect 50,000 employees across the US, Canada and Mexico.

26 Nov 2018 11:48 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 Africa appoints eight global Banks to work on IPO

The company plans to utilise this fund to lower debt of its Africa unit which stands at around USD 5 billion.

26 Nov 2018 11:02 AM IST

Increase in gold imports pushed the countrys trade deficit to USD 94.32 billion in April-September 2018-19.

Banks to get green signal for gold business

Allowing bullion banking will be a main step towards developing gold infrastructure in India and establishing gold as an...

26 Nov 2018 10:33 AM IST

1,500 points swing was recorded in Sensex before it settled the day at 279.62 points, or 0.75 per cent lower at 36,841.60.

Sensex, Nifty turn choppy as IT, pharma stocks fall

BSE benchmark Sensex pared early gains and turned choppy after opening over 200 points higher.

26 Nov 2018 10:07 AM IST

With the rupee resuming its fall after a brief period of consolidation, forex participants are not ruling out of the possibility of the rupee weakening further to breach the 70 level mark. (Photo: AP)

Rupee rises 39 paise against US dollar in early trade

Rupee is trading at 30 against dollar, as global crude prices slipped below the USD 60 per barrel mark.

26 Nov 2018 10:02 AM IST

File image of a man counting cash at a petrol pump.

'Oil PSUs plan to add 4,450 petrol pumps in Gujarat'

Three PSU oil companies have together issued a joint advertisement for dealership after a gap of around four years.

26 Nov 2018 9:56 AM IST