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The RBI has asked Axis Banks board to re-consider the decision to re-appoint Shikha Sharma as its MD and CEO for a fourth term.

Higher lending rates may spoil your festival plans

RBI might increase the repo rate for the third time this year by 25 basis points in its policy review.

2 Oct 2018 8:25 AM IST

The shares of IL&FS Engineering soared 20 per cent while that of IL&FS Transportation and IL&FS Investment Managers surged 19.50 per cent and 10 per cent respectively.

Move gets thumbs up

Markets reacted positively to government's swift action, according to analysts.

2 Oct 2018 1:55 AM IST

The government on Monday said it stands fully committed to ensuring that needed liquidity is arranged for the debt-trapped IL&FS to prevent any more defaults in payment of loans by the non-banking financial company.

Fearing gloom, govt takes over debt-hit IL&FS

This is the third time in less than 10 years that the government has been forced to step in and supersede the board of a...

2 Oct 2018 1:37 AM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

GST mop up rises to Rs 94,442 crore

The collections stood at Rs 94,016 crore in May, Rs 95,610 crore in June, Rs 96,483 crore in July and Rs 93,960 crore in...

2 Oct 2018 12:29 AM IST

Last week, the company had filed a petition with the NCLT seeking certain relief in connection with filing of a scheme of arrangement under Section 230 of the Companies Act.

IECC board gets taken over again

In August 2009, the government-appointed board allowed IL&FS to take control of the infra firm.

2 Oct 2018 12:24 AM IST

The government on Monday said it stands fully committed to ensuring that needed liquidity is arranged for the debt-trapped IL&FS to prevent any more defaults in payment of loans by the non-banking financial company.

Management change needed to save IL&FS

The IL&FS Group is involved in many infrastructure projects including through equity and debt financing.

2 Oct 2018 12:20 AM IST

The iconic Air India building on Queens necklace in Mumbai may be consumed by the survival woes of the national carrier.

Air India to sell 14 properties; eyes Rs 250 crore

The move is, however, being opposed by its employees' union.

1 Oct 2018 7:36 PM IST

Visiting Venezuelan Foreign Minister Jorge Arreaza said in New Delhi on Monday that Venezuela wants trade with India in oil and other commodities such as food and medicines to be conducted in Indian Rupees and not in US Dollars. (Representational image)

Rupee slumps 26 paise to 72.91 vs USD, ends near 2-week low

Higher US Treasury yields, which rose above the 3 per cent mark, boosted the appeal for the dollar.

1 Oct 2018 7:31 PM IST

Government is planning to phase out LPG susbidy by March 2018. (Photo: PTI)

CNG, LPG price hike assault on budget of common man: Congress

Khera alleged the BJP was "pickpocketing" savings from the tax levied on fuel and gave the party a new full form "Bahut...

1 Oct 2018 7:26 PM IST

The government on Monday said it stands fully committed to ensuring that needed liquidity is arranged for the debt-trapped IL&FS to prevent any more defaults in payment of loans by the non-banking financial company.

Govt to ensure liquidity for IL&FS to prevent defaults: Finance...

NCLT allowed the government to take over the board of IL&FS.

1 Oct 2018 6:10 PM IST

State-run BSNL on Friday announced unlimited calling offer for its prepaid customers along with limited free data usage.

Telangana: BSNL to launch 4G services in November

Initially, a pilot project for 4G for testing purpose shall be launched in Jadcherla town.

1 Oct 2018 5:59 PM IST

Retail inflation for industrial workers rose to 5.61 per cent in August from 2.52 per cent in the year-ago month mainly due to rise in prices of food items and petroleum products.

Retail inflation for industrial workers rise to 5.61 pc in August

The indices of 37 centres are above All-India Index and 41 centres' indices are below national average.

1 Oct 2018 5:50 PM IST