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India pays its third largest oil supplier in euros using European banking channels and imports.

Excise cut to cost India its fiscal deficit target

It said that the government revenue from excise duties on petroleum products has more than doubled since fiscal 2014.

10 Oct 2018 12:27 AM IST

State Bank of India, SBI, had earlier reduced minimum balance requirement. (Photo: PTI)

SBI to buy assets worth Rs 45,000 cr from NBFCs to resolve liquidity...

The country's largest lender said that it has stepped up target purchase of good quality portfolio of assets from NBFCs.

9 Oct 2018 7:07 PM IST

Bank of Baroda on Tuesday said its loan account to debt-laden Infrastructure Leasing and Financing Services (IL&FS) continues to remain standard at present.

IL&FS loan account remains standard, says Bank of Baroda

The state-run lender said it continues to lend to non-banking financial companies and housing finance companies.

9 Oct 2018 7:00 PM IST

India Post is starting its India Post Payments Bank.

India Post targets 10 per cent share in parcel business segment

The postal department has set a target to more than double its market share in parcel business.

9 Oct 2018 5:49 PM IST

The rupee pared initial gains to fall 7 paise to 71.82 against the US currency in late morning deals on Thursday on bouts of dollar demand from banks and importers. (Photo: DC)

Rupee slumps 33 paise to close at record low of 74.39 against US...

The domestic currency failed to sustain the momentum after Brent crude breached the USD 84 per barrel-mark.

9 Oct 2018 5:43 PM IST

With 12 seats in first class, 26 in business and 385 in economy class, the Jumbo plane will operate one flight per day each to Kolkata and Mumbai from New Delhi between October 16 and October 21, Air India said in a statement. (Photo: File | AFP)

Air India awaits Rs 500 crore loans, extends deadline for bids

The initial deadline for submission of bids was October 10.

9 Oct 2018 5:34 PM IST

The Board of Vijaya Bank has given its approval to a government proposal of consolidation with Bank of Baroda and Dena Bank as per reports from ANI.

Bank of Baroda, Vijaya Bank, Dena Bank send merger proposal for govt...

The boards of all the three banks have approved the merger proposal and sent the recommendations to the government.

9 Oct 2018 5:27 PM IST

Sources from the Thane police said that the police informed income tax officials and now they are interrogating the accused.

India's personal wealth to touch USD 5 trillion by 2022: BCG

India is also expected to become the 11th wealthiest nation globally by 2022.

9 Oct 2018 5:21 PM IST

The UIDAI has not yet issued an official statement over the issue. (Representational Image)

UIDAI plans Aadhaar Seva Kendras; project cost at Rs 300-400 crore

The centres are aimed at offering convenience to individuals, looking to avail enrolment and update services.

9 Oct 2018 5:15 PM IST

After superseding the IL&FS board, the Centre has once again moved the NCLT seeking relaxation in certain rules for faster resolution of crisis-ridden infra lender.

Govt shifts to top gear for resolving IL&FS crisis

Chiefs of SBI, LIC meet FM to discuss matters relating to infra lender.

9 Oct 2018 5:08 PM IST

NCLAT has directed the resolution professional, committee of creditors and NCLT not to pass any order in the matter related to insolvency resolution of Essar Steel.

JSW Steel seeking legal opinion if can bid solo for Essar Steel:...

JSW Steel had teamed up with NuMetal to place a Rs 37,000-crore offer for Essar Steel in the second round of bidding.

9 Oct 2018 4:59 PM IST

The Mumbai zone of the Central GST Commissionerate has mopped up revenue of Rs 72,509 crore till February this year, tax officials said.

Jurisdiction of taxpayer should not hamper GST enforcement action:...

Central tax officials would not transfer cases to state officials and vice versa.

9 Oct 2018 4:48 PM IST