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Finance Minister Arun Jaitley said, Government had announced in the budget that consolidation of banks was also in our agenda and the first step has been announced. (Photo: Twitter | ANI)

Jaitley to meet PSU banks chiefs tomorrow; to review financial...

The finance minister will also discuss credit growth and bad loan situation.

24 Sept 2018 4:33 PM 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 tanks 536 points to close at 36,305, Nifty ends at 10,975

The rupee also fell sharply by 29 paise to 72.49 against the dollar.

24 Sept 2018 4:02 PM IST

Positive start for domestic stock markets lent support to rupee. (Photo: PTI)

'Currency in circulation slows down on spike in crude, RBI selling...

Since the beginning of May 2018, currency in circulation has been in the range of Rs 19-19.6 trillion, says the report.

24 Sept 2018 3:36 PM IST

The government, which reportedly asked the RBI last month to make a list of candidates for mergers and set a time-frame for bank consolidation, is going full steam ahead on its plan to clean up the banking system and create fewer, better-capitalised lenders.

PNB, OBC, Andhra Bank next in line for merger

Govt studying amalgamation of three PSBs, say sources.

24 Sept 2018 3:17 PM IST

However, imports too jumped 49 per cent to $37.88 billion in April 2016, pushing trade deficit to a 29-month high $13.2 billion

Duty hike on many products soon to support Rupee

The new list is likely to be announced on Wednesday.

24 Sept 2018 2:47 PM IST

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

US may supply oil to India to bridge gap post-Iran sanctions

Proposal came at 2+2 meeting; transportation cost an issue.

24 Sept 2018 2:31 PM IST

The privatisation of loss-making Air India has hit a roadblock at the starting line-up itself.

Indian airlines giving tough fight to foreign rivals

They now control 39.1 per cent of business, up from 37 per cent in 2014-15, according to latest DGCA trade numbers.

24 Sept 2018 12:55 PM IST

In an age of ever-increasing cyber frauds and attacks, one of the most sought after jobs is that of cyber security professionals. (Photo: Pixabay)

Most sought after job today: Cyber security professionals

In this age of data, it is imperative that data management and security be amongst the top priorities for large...

24 Sept 2018 12:48 PM 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 extends losses, cracks over 450 points; Nifty near 11,000

The 30-share index was trading lower at 36,378.14 showing a loss of 463.46 points, or 1.26 per cent at 12:00 hrs.

24 Sept 2018 12:34 PM IST

The previous high quarterly GDP growth was recorded in July-September period in 2014-15 at 8.4 per cent. (Representational Image)

DHFL shares bounce back, rally 25 per cent

The stock, after a positive opening, further jumped 24.80 per cent to Rs 438.75 on BSE.

24 Sept 2018 12:30 PM IST

Iran is offering to insure oil cargoes to India after some local insurers stopped providing the service in the face of impending US sanctions, industry sources said, a move that would help Tehran continue supplying its second biggest oil client.

World oil demand to peak at 104.4 million bpd in 2035: Unipec

Chen Bo also said China would reduce Iranian oil imports because of looming US sanctions.

24 Sept 2018 11:48 AM IST

Online travel agency MakeMyTrip and e-commerce giant Flipkart have tied up for online bookings of hotels and flights.

Flipkart may appoint new group CEO in place of Binny Bansal

Co-founder and current group CEO Binny Bansal is not actively involved in daily operations.

24 Sept 2018 11:31 AM IST