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The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started its 2-day meeting on Wednesday.

RBI eases some cash requirement rules for banks

The move will ease tight cash conditions to some extent as it will reduce pressure on banks.

27 Sept 2018 10:00 AM IST

The BSE Sensex on Friday soared to life-time high of 33,270.62 and the NSE Nifty scaled another record high of 10.366.15 in opening trade. Photo: AP

Sensex, Nifty turn choppy on F&O expiry

Sensex turned choppy and trading at 56.18 points, or 0.15 per cent, higher at 36,598.45.

27 Sept 2018 9:54 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 strengthens by 22 paise against dollar in early trade

Rupee is trading at 72.38 against dollar in forex market after govt raised import duties on select items to check rupee...

27 Sept 2018 9:38 AM IST

Employees of public sector banks have threatened to go on two-day nation-wide strike from May 30.

Small finance banks lose market share in micro lending

Share of SFBs in the total micro finance market has dropped to 20 per cent in Q1FY19 against 27 per cent in Q1FY18.

27 Sept 2018 8:39 AM IST

Petroleum ministry has been demanding to bring petrol and diesel on GST to give relief to consumers from high prices.

Rs 100 per litre petrol may become reality this New Year

Every Rs 1 fall in its exchange rate against dollar will add another 65 paisa to pump prices of auto fuels.

27 Sept 2018 8:32 AM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

Tough cues may force RBI to hike rate by 0.25 per cent: DBS

Morgan Stanley expects at least two rate hikes in the current financial year.

27 Sept 2018 12:39 AM IST

The Sensex crashed over 505 points to slip below the 38,000-level as rupee woes and global trade war worries spooked investors despite the government announcing a slew of measures to stem a steep fall in the domestic currency.

Sensex falls 109 points on liquidity issue

The Sensex tumbled 109.79 points to 36,542.27, and the broader NSE Nifty shed 13.65 to close at 11,053.80.

27 Sept 2018 12:30 AM IST

Company amid crisis in the IL&FS group for alleged defaults in loan payment and corporate governance issues.

India to take action to avoid 'market freeze'

FinMin's top advisor says NBFC contagion will not spread.

27 Sept 2018 12:30 AM IST

The countrys largest two-wheeler maker Hero MotoCorp has crossed the 75 lakh units sales mark in 2017-18 fiscal, becoming the first ever entity to achieve such a feat globally, a company official said.

Hero MotoCorp to hike prices of entire range from October 3

The revision has been necessitated by the increasing commodity costs and currency depreciation.

26 Sept 2018 6:25 PM IST

UIDAI said it would add face recognition software as an additional layer of security from July.

Aadhaar neither creates surveillance state nor violates privacy: UIDAI

"Aadhaar Act has withstood the judicial scrutiny and the purpose of the Act is legitimate," it said.

26 Sept 2018 6:17 PM IST

State Bank of India

SBI board gives nod to stake divestment in insurance arm

Its board approved a plan to divest 4 per cent stake in its general insurance arm to funds managed by Axis Bank Ltd and...

26 Sept 2018 5:50 PM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Govt has not told refiners to halt Iranian oil imports: source

India has close diplomatic ties with Iran and is also building the strategic Chabahar port in the Middle Eastern...

26 Sept 2018 5:45 PM IST