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On Tuesday, the Indian rupee closed the session on a flat note at 69.83 a dollar.Business
Rupee skids 13 paise to 73.61 against US dollar

The rupee surrendered all the gains made during the day.

17 Oct 2018 7:16 PM IST

Midsize private sector lender Yes Bank is aiming to evolve itself into a \technology company in the business of banking\ and has accordingly announced a rejig of its senior management.Business
RBI directs Yes Bank to appoint successor to Rana Kapoor by February 1

Reserve Bank has refused to give an extension to Yes Bank MD and CEO Rana Kapoor.

17 Oct 2018 5:12 PM IST

The argument put forward by the leaders of the BJP and others was that India did not depend on exports for its economic growth, and that the huge domestic market and the consumption it entailed was good enough to keep the economy in shape and the global developments were marginal. (Representational image)Business
India ranked 58th most competitive economy in WEF index

India's rank rose by five places from 2017, the largest gain among G20 economies.

17 Oct 2018 8:40 AM IST

The commerce ministry has circulated a draft cabinet note seeking views of different departments on the proposed industrial policy that aims to promote emerging sectors, Union minister Suresh Prabhu said.Business
Slowing global economy is a concern for India, says Suresh Prabhu

No country can benefit from the decline in the world trade.

16 Oct 2018 4:30 PM IST

Union finance ministry Arun JaitleyBusiness
India needs strong, decisive govt to take swift decision: Jaitley

Jaitley said if India continues on high growth path, then the country can get rid of poverty

16 Oct 2018 1:46 PM IST

ICICI Banks USD 7.5 billion global medium-term notes programme.Business
ICICI Bank gets RBI nod for appointment of Sandeep Bakshi as MD, CEO

The private sector lender said Bakshi had joined the group in 1986.

16 Oct 2018 10:45 AM IST

Indias real-time money transfer platform IMPS has been rated the best global payments innovation by US-based research firm Fidelity National Information Services (FIS ). (Photo: Financial Chronicle)Business
India's IMPS rated best global payments innovation

IMPS launched in 2010 arguably has the most evolved and sophisticated public digital payments infrastructure.

16 Oct 2018 10:22 AM 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)Business
Rupee softens 9 paise against US dollar in early trade

At the Interbank Foreign Exchange, the domestic currency opened higher at 73.79 but lost ground and fell to 73.92.

16 Oct 2018 9:46 AM IST

Inflation in onion continued to rule high at 42.22 per cent and in potato at 43.25 per cent.Business
Inflation hits 5.13 per cent on hardening of food price

The Reserve Bank uses retail inflation data to set the monetary policy in the country.

16 Oct 2018 2:40 AM IST

A USD 2 billion fraud at Indias Punjab National Bank (PNB) may have been orchestrated by a few rogue employees, but it escaped detection because of widespread risk-control and monitoring lapses in many areas of the bank, the banks own internal probe has found.Business
PNB plans to sell non-core assets of over Rs 8,000 crore this fiscal

The bank has already sold some of the fixed assets and have realised Rs 400 crore from these assets.

15 Oct 2018 6:26 PM IST

Kreditech has been licensed by the RBI to operate as an NBFC with the first-of-its-kind licence in Indian financial history for digital lending business and app-based financing, the Germany-based company said in a release on Monday.Business
Kreditech gets first-of-its-kind licence for digital lending business

The consumer lending industry in India is witnessing major disruption through technological innovation.

15 Oct 2018 4:03 PM IST

Wholesale inflation in the month of October soared to 3.59 per cent on the back of food and fuel prices. (Photo: PTI)Business
Wholesale inflation rises to 5.13 pc in Sept on rising fuel, food...

The WPI inflation was 4.53 per cent in August.

15 Oct 2018 12:31 PM IST

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