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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)

Petrol, diesel prices cut by Rs 2.50 after excise reduction; oil cos...

Excise duty cut would have an impact of Rs 10,500 crore on central government's tax revenues.

4 Oct 2018 3:49 PM IST

The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

IDBI board approves issuance of preferential shares to LIC

The government has already approved the proposal of LIC to increase the stake in IDBI Bank.

4 Oct 2018 3:03 PM IST

ICICI Bank shares surge 6 per cent as Chanda Kochhar quits

Following the announcement, the stock soared 5.69 per cent to Rs 320.90 on BSE.

4 Oct 2018 2:54 PM IST

The Commerce Ministry has given time till April next year to Directorate of Revenue Intelligence (DRI) and governments of Maharashtra and Tamil Nadu to complete the exports process of Red Sanders wood.

Commerce Ministry sets deadline to complete export process of red...

It is a valued item in traditional medicines and woodcraft across China, Myanmar, Japan and East Asia.

4 Oct 2018 2:47 PM IST

ICICI Bank MD and CEO Chanda Kochhar has pulled out of the annual session of FICCI Ladies Organisation (FLO).

ICICI Bank MD Chanda Kochhar quits with immediate effect

The enquiry instituted by the board will remain unaffected by this.

4 Oct 2018 2:17 PM IST

The price of petrol in Delhi climbed to Rs 75.71 per litre from Rs 75.55 and diesel to Rs 67.50 a litre from Rs 67.38.

Oil Minister meets Arun Jaitley as fuel prices touch new high

Petrol prices were on Thursday hiked by 15 paise a litre and diesel by 20 paise.

4 Oct 2018 1:56 PM IST

The use of taxibots will help in cutting carbon dioxide emission at the IGI airport drastically. Usually, 800 kg of carbon dioxide is emitted for every 15 minutes of taxing, according to a KSU spokesperson.

Soon, travellers can use facial recognition biometric to enter...

Suresh Prabhu said the initiative would be "forward-looking and futuristic" and would be launched soon.

4 Oct 2018 1:19 PM IST

The rise in input prices could not have come at a worse time for farmers, already grappling with falling domestic product prices due to rising yields and abundant harvests. (Photo: ANI)

Deepening farmers' crisis could hurt Modi's re-election bid in 2019

Thousands of farmers marched to New Delhi on Tuesday to demand better prices for their produce.

4 Oct 2018 1:10 PM IST

Interestingly, the CBDT chiefs move to make officers comply by seeking a compliance report every three months gives room for hope for justice for the taxpayer.

Gross direct tax collection grows 16.7 pc to Rs 5.47 lakh crore in...

The Central Board of Direct Taxes has collected Rs 2.10 lakh crore as advance tax.

4 Oct 2018 12:39 PM IST

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

Sensex plummets over 800 points on sinking rupee, weak global cues

The BSE 30-share barometer pared some losses and was trading at 616.15 points, or 1.71 per cent, lower at 35,359.48 at...

4 Oct 2018 12:32 PM IST

Indian services sector activity returned to its growth track in March, driven by greater inflows of new work.

India's services sector expands at slower pace in September

Nikkei India Services Business Activity Index touched 50.9 in September, down from 51.5 recorded in August.

4 Oct 2018 12:16 PM IST

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

RBI extends curbs on Shree Ganesh Sahakari Bank by 3 months

As per the extension, the cooperative lender will be under "directions" till December 29, 2018, it said.

4 Oct 2018 12:04 PM IST