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Finance Minister Arun Jaitley clarified confusions posed due to allegations on the Rafale aircraft deal saying the government has maintained complete transparency in the matter and the negotiations have helped bring down the costs of the fighter jets. (Photo: ANI)

Arun Jaitley criticises RBI for indiscriminate lending by banks

The central bank looked the other way when banks gave loans indiscriminately during 2008 to 2014, says Jaitley.

30 Oct 2018 1:08 PM IST

Mukesh Ambani also revealed that post Jios launch in India, the country ranks number one in the world in mobile data consumption. (Photo: ANI)

India on way to becoming 3rd richest country: Mukesh Ambani

Ambani said India needs to prepare itself for a period of information and digital abundance.

30 Oct 2018 12:24 PM IST

RBI clears re-appointment of Aditya Puri as CEO of HDFC Bank for 2...

Shareholders had already approved his appointment in 2015 for a period of five years subject to RBI approval.

30 Oct 2018 12:06 PM IST

On October 1, the government superseded the board of IL&FS and appointed a new board, with banker Uday Kotak as its executive chairman.

IL&FS crisis: Normalcy to return to system in couple of weeks, says...

The company as of March 2018 owed over Rs 91,000 crore to banks and other creditors.

30 Oct 2018 11:45 AM IST

Petrol pump employees at a fuel station during a strike called by Delhi Petrol Dealers Association for reduction in VAT in New Delhi. (Photo: Bunny smith)

Fuel prices witness downward trend on Tuesday

Petrol and diesel now being sold at Rs 79.55 and Rs 73.78 per litre in the national capital.

30 Oct 2018 11:34 AM IST

Vistara is a joint venture between Tata Sons and Singapore Airlines. (Photo: PTI).

Singapore Airlines-backed Vistara bets on upmarket model in frugal...

Vistara airline narrowed its losses to $58.9 million in the financial year ended March 31 from $70.9 million a year...

30 Oct 2018 11:13 AM IST

Reliance Industries chairman Mukesh Ambani.

After years of global success, Reliance Industries faces oil shock at...

The price shock, driven by soaring crude import costs, angered consumers and triggered riots by farmers.

30 Oct 2018 10:24 AM IST

The benchmark Sensex pared some gains and were trading higher by 0.69 per cent or 233.02 points at 34,080.25 at 0955 hrs. (Photo: File)

Sensex, Nifty turn choppy on weak global cues, FPI selloff

The BSE Sensex was trading 31.63 points, or 0.09 per cent, lower at 34,035.77.

30 Oct 2018 10:12 AM IST

The ongoing quarterly results season, macroeconomic data announcements and movement of the rupee will determine the stock market trend this week, say experts.

Rupee falls 16 paise against US dollar in early trade

A lower opening in the domestic equity markets also weighed on the local unit.

30 Oct 2018 10:07 AM IST

PM Modi has set an ambitious target of nearly tripling the countrys total renewable energy capacity to 175 gigawatt (GW) by 2022, spurring global firms including Japans SoftBank and Goldman Sachs to invest in solar projects in India. (Photo: PTI | Representational)

Viability of solar projects in doubt

The ratings agency said that in turn, will compress the debt servicing cushion available for these solar projects.

30 Oct 2018 12:13 AM IST

Indias financial markets rose on Monday, shrugging off concerns about a growing spat between the central bank and the government and preferring to take solace from plans for a big liquidity injection by the bank.

Sensex rebounds 718 points

Investors ignore RBI-Centre rift, focuses on infusion of liquidity via OMO.

30 Oct 2018 12:10 AM IST

Japanese PM Shinzo Abe will host PM Modi at his holiday home in the picturesque Yamanashi prefecture for a private dinner on Sunday. (Photo: File | PTI)

India, Japan sign USD 75 billion currency swap agreement

A move will help in bringing greater stability in foreign exchange and capital markets in the country.

29 Oct 2018 5:18 PM IST