News & Updates

ArcelorMittal has reached a preliminary agreement to sell its steel mill in Piombino, Italy to Italian steelmaker Arvedi to help get clearance from Eu

The number of deep tube wells in the country saw surge from 1.46 million to 2.6 million between 2006-07 and 2013-14, according to the fifth minor irri

The foreign funding of non-government organisations has come down from Rs 17,773 crore in 2015-16 to Rs 6,499 crore in 2016-17, according to minister

Britain?s economy grew by 0.4pc in the third quarter and by 1.7pc on the year, an unexpectedly strong result which indicates the UK is proving more re

The International Monetary Fund, IMF on Friday said that in spite of Nigeria?s exit from recession, the economy of the country is still vulnerable. Th

Apicture of inflationsqueezed consumers and Brexit-wary companies emerged in the UK?s latest overview of its economy. Annual growth in the third quart

Apple is being fined $25,000 per day for missing a court-imposed deadline to produce evidence in a government lawsuit that alleges mobile chip supplie

The disruptive impact of demonetisation announced last year is a temporary phenomenon and the scrapping of the high-value currency would bring "perman

Better rated companies are moving to the bond market, even as bank loans continue to remain an efficient financing tool for lower rated firms, the Res

Videocon Telecommunications, which lost its nationwide telecom licence in February 2012 following a Supreme Court (SC) order, will claim Rs 10,000 cro

The Mumbai Metropolitan Region Development Authority (MMRDA) has envisaged an investment of Rs 62,943 crore for developing 157 km of metro corridor. T

A Parliamentary Panel on Friday favoured the merger of loss-making state-owned telecom firms BSNL and MTNL, saying it would give them a fighting chanc

Retail lending by non-banking finance companies (NBFCs) increased at its fastest pace during 2016-17 on account of consumer durables and credit card r

The net profit of urban cooperative banks (UCBs) increased to Rs.3,900 crore in 2016-17, compared with Rs.3,700 crore in 2015-16. According to the RBI

Demonetisation may not have gone down too well with a majority of the population, but digital payment companies are cheering it. There has been a surg

U.S. consumer spending accelerated in November and shipments of key capital goods orders increased for the 10th straight month, data showed on Friday,

Swiss drugmaker Roche (ROG.S) will buy U.S. cancer drug specialist Ignyta Inc (RXDX.O) for $1.7 billion in an agreed deal to broaden its oncology port

UnitedHealth Group Inc (UNH.N) said on Friday it signed a definitive agreement to buy Chilean healthcare company Banmedica SA BAN.SN for $2.8 billion,

Oil prices rose in light volumes on Friday, steadying near their highest levels since 2015 on pledges from OPEC leader Saudi Arabia and non-OPEC Russi

Gold prices softened by Rs15 to Rs29,685 per 10 gram at the bullion market on Friday as demand from local jewellers eased even as the metal strengthen

As many as 117 companies have garnered a staggering Rs 62,736 crore through IPOs in the first eight months of Financial Year 2017-18, much higher than

State-owned Bank of Baroda (BoB) today said its board has approved proposal to raise up to Rs 4,000 crore from bonds to fund business expansion.The bo

India?s foreign exchange reserves rose by $488.20 million on December 15 to $401.385 billion, data from the RBI shows. Foreign currency assets (FCAs),

The 10-year benchmark yield rose to end at a 17-month high of 7.27 per cent on Friday, as bond prices pared gains made on Thursday evening following a

A Share Holding Agreement (SHA) was signed in the presence of Shri Chaudhary Birender Singh, Minister of Steel and Sh Hardeep S Puri, Hon'ble MoS(I/C)

HomeLane, an online home interiors brand, has shut down the marketplace of Capricoast.com which it had acquired for Rs 90 crore in November this year.

Indian conglomerate Adani Enterprises Ltd. needs as much as A$3 billion ($2.3 billion) in debt financing to help start producing Australian coal from

The central board of Direct Taxes has amended the rules relating to service of notice, summons, requisition or order. The step widens the scope of add

Wind power tariff dropped to an all time low of Rs2.43 per unit kilowatt hour in an auction conducted by Gujarat Urja Vikas Nigam Ltd (GUVNL) on Thurs

Infrastructure developers have got some cheer by way of the government?s move to remove impediments to project execution. They believe the proposed am

Bitcoin plunged below $13,000 on Friday after losing around a third of its value in just five days, with the digital currency on track for its worst w

In the largestever fund raising for housing in India, HDFC Capital Advisors, a wholly-owned subsidiary of HDFC Ltd, has raised $550 million under the

India's leading IT exporter Tata Consultancy Services (TCSBSE 1.76 %) has bagged a USD 2.25-billion outsourcing contract from Nielsen, a television ra

Avoiding income tax notices by fudging addresses or shifting residence will now become difficult. Income tax rules have been amended that will allow t

Japanese Prime Minister Shinzo Abe?s cabinet endorsed a record $860 billion budget for fiscal 2018 on Friday, opting to keep the economy on a sustaine

India could be a $10-trillion economy by 2030 if the average annual real GDP growth reaches 7.6% during this period, economists and policymakers opine

Consumer spending went up 1% in the July-to-September period, the lowest rise for more than five years, the Office for National Statistics said.The po

Regulators in Asia Pacific have become increasingly uneasy with the rise of cryptocurrencies such as bitcoin.The latest to sound a warning was the Ban

The government has fixed at Rs 38,22,822 crore the revised projections for investment in infrastructure in the past five years. Finance Minister Arun

China's ride-hailing giant Didi Chuxing has raised over $4 billion in its latest round of funding, the company said on Thursday, posing a challenge to

Government bonds (G-Secs) ended mixed on alternate bouts of buying and selling from banks and corporates, while the overnight call money rates ended h

Air India?s operational profit rose to Rs 215 crore and net losses narrowed to Rs 3,643 crore in 2016-17, according to the government. To revive the l

US-based private equity giant Carlyle Group has acquired a significant majority stake in Chennai-headquartered healthcare solutions provider Visionary

The Bank of Japan kept monetary policy steady on Thursday and its governor said economic improvements alone would not trigger a withdrawal of stimulus

The U.S. economy grew at its fastest pace in more than two years in the third quarter, powered by robust business spending, and is poised for what cou

Nestle expects to sell its U.S. confectionery business in the first quarter of 2018, following a review launched earlier this year as part of efforts

Oil prices were little changed on Thursday, erasing earlier losses after the operator of Britain?s Forties pipeline in the North Sea said it was expec

Gold prices inched up by Rs10 to Rs29,700 per 10 gram at the bullion market on Thursday on firm trend overseas amid scattered buying by local jeweller

Growth in non-food bank credit rose to 10.3% year-on-year (y-o-y) during the fortnight ended December 8 on the continuing effect of a low base. Non-fo

The Reserve Bank of India (RBI) on Thursday said that total stressed advances of large borrowers increased by 2.4% between March and September 2017 an

The 10-year benchmark bond remained highly volatile during Thursday?s trading session with the yield hitting a 17-month intraday high of 7.294% before

State-owned banks? share of loans disbursed by the banking system slipped to 69% from 71% between March 2016 and March 2017, data released by the Rese

Italian fashion brand Benetton, which entered the Indian market 26 years ago, has not been able to steal a march over its competitors despite the head

Maruti Suzuki India chairman and chief executive RC Bhargava said on Thursday that the company is committed to meeting its target of delivering its fi

American tech major Accenture has said artificial intelligence (AI) alone will contribute a whopping USD 957 billion to the gross domestic product by

Indian economy is expected to be a $ 6.5-7 trillion economy by 2030, and at the current exchange rate it would touch $10 trillion by 2035-40, Chairma

In a breather, Bharti Airtel was today allowed to use Aadhaar for re-verification of its mobile customers till January 10 with stiff riders after it r

Mortgage lender Housing Development Finance Corp. Ltd (HDFC) on Thursday announced the sale of two subsidiaries focusing on real estate brokerage and

Reliance Infrastructure Ltd (RInfra) on Thursday said it has signed a definitive binding agreement to sell its Mumbai power business to Adani Transmis

India Inc's foreign borrowings saw an over six-fold rise at $3.04 billion in November, according to RBI data. Domestic firms had raised $488.49 millio

With the stress in the economy expected to remain elevated, the gross non-performing assets (GNPA) ratio of scheduled commercial banks (SCBs) could hi

After registering 27 per cent growth in mobile business revenue for the financial year 2016-17 ? touching a mammoth 34,300 crore ? Samsung has once ag

urging steel prices and a new Indian insolvency law have set the stage for an industry-defining battle between tycoons and producers for more than $26

Income inequality in India has reached historically high levels with the share of national income accruing to India?s top 1 per cent earners touching

Indian bond prices fell to their lowest in nearly 1-1/2 years after minutes from the last Reserve Bank of India meeting showed some members issuing sh

The Brazilian government on Wednesday freed up an additional 5.003 billion reais? ($1.5 billion) worth of federal spending this year as Latin America?

Singapore?s headline consumer price index is expected to have risen in November from a year earlier, a Reuters poll showed, with the pace seen edging

The Bank of Japan kept monetary policy steady on Thursday despite growing signs of strength in the economy, signaling that it was in no rush to edge a

It isn?t hard to understand why Russia took part in the $13 billion acquisition of an Indian refinery last year. In just seven months, Indian refiners

India's food processing industry could attract an investment of USD 18 billion in the next four years as this sector provides great business opportuni

The alternative assets industry in India is worth USD 43 billion across private equity, venture capital, real estate, infrastructure, private debt and

The government is finalising a plan to allow 100 per cent FDI for telecom services through the automatic route which allows firms to attract foreign f

The Companies Amendment Bill passed by Parliament has brought relief for creditors involved in insolvency proceedings allowing them to acquire shares

Focused on faster redressal of consumer grievances and to ensure stringent action against unfair trade practices, the Cabinet approved the introductio

Essar Oil UK, which owns British refinery Stanlow, is currently in the early stages of a major strategic review which will prepare its business for th

Foreign investment inflows to India rose nearly $45 billion between April and October, 20 per cent more than what it was in the same period last year

China will deepen structural reforms and curb risks to the country?s financial system while maintaining steady economic growth in 2018, the official X

The House, forced to vote a second time on the $1.5-trillion tax Bill, moved swiftly to pass the final version on Wednesday, clearing the way for Pres

Even as vulture funds eye bargain buys from stressed assets on sale, a set of private equity (PE) funds are staring at capital losses and looking at w

Buoyed by changes such as the goods and services tax (GST) and the growing e-commerce space, global investors such as Morgan Stanley and German invest

With domestic defence and shipbuilding order flow drying, L&T Shipbuilding will be focusing on doubling its export revenue share by 2021-22. ?We will

The Union Cabinet today approved a new skill development scheme having an outlay of Rs 1,300 crore with an aim to create jobs in the organised textile

The goods and services tax (GST) Council is trying to build consensus among states over imposing the GST on petroleum products by allowing the Centre

Gold prices softened by Rs 10 to Rs 29,690 per 10 gram at the bullion market today owing to slackened demand from local jewellers, ignoring a firm tr

Syndicate Bank will raise up to Rs 1,150.80 crore through qualified institutional placement (QIP), and has set the issue price at Rs 84.15 per share.

Since several uncertainties, especially on the fiscal and external fronts, persist it is important to be vigilant, RBI governor Urjit Patel said at th

ICICI Bank and Axis Bank, two of the country?s largest private sector lenders, on Wednesday revised interest rates on their bulk deposits. ICICI Bank

The country's largest private lender HDFC Bank will raise Rs 24,000 crore to fund growth. Of this amount, Rs 8,500 crore will be from its parent HDFC.

Strides Shasun Ltd on Friday said its subsidiary Strides Pharma Asia Pte Ltd has entered into an agreement to acquire controlling stake in South Afric

The EU's top court ruled on Wednesday that Uber is an ordinary transportation company instead of an app and should be regulated as such, in a decision

Bank of India (BoI) on Wednesday became the eighth lender to come under the Reserve Bank of India?s (RBI) prompt corrective action (PCA), as bad loans

Five individuals in the country reported an annual salary income above Rs 100 crore, 11 others had such income in the Rs 50-100 crore range and 58 per

The contribution of direct taxes in the total tax collection in 2016-17 has fallen below 50 per cent to 49.66 per cent for the first time since 2006-0

YES Bank joined hands with leading institutional lender of the European Union (EU), the European Investment Bank (EIB), to invest $400 million in rene

The Real estate sector is one of the most pivotal sectors of Indian economy as it plays a vital role in employment generation in India. It ranks seco

The year 2018 promises to be a year of sustained recovery for the Indian economy. While many analysts are not fully convinced about India's growth tra

The farm debt waivers announced by the five large states together will widen the combined fiscal deficit of the states by Rs 1,07,700 crore or 0.65 pe

As many as 350 infrastructure projects, each worth Rs 150 crore or above, have shown cost overrun of Rs 2.65 lakh crore due to various reasons includi

The promoter of cash-strapped MBL Infrastructure is eligible to bid for its assets, the Kolkata bench of the National Company Law Board has ruled, cle

Niti Aayog, the government's policymaking body, will soon move a Cabinet note outlining the roadmap for a methanol mission for India through a Rs 5,00

The government has issued a notification directing banks and the national payment corporation of India (NPCI) to change the process of mapping Aadhaar

Saudi Arabia's 2018 budget may be its largest ever but the government must focus on the quality of spending, not just the quantity, according to exper

Gold prices were nearly unchanged early on Wednesday as the dollar held steady on expectations of a US tax overhaul. Spot gold was steady at $1,261.79

Swiss technology group ABBBSE 0.35 % will revamp its engineering, procurement and construction (EPC) business by spinning off and winding down some op

According to PwC, the world economy will expand by almost 4% on a purchasing power parity basis, even as the pace of expansion in Britain slumps to it

China is planning to relax its goal of cutting debt in its economic outline that's set for release Wednesday, The Wall Street Journal reported Tuesday

The government is set to roll out a pan-India "faceless and nameless" e-assessment procedure for income tax payers from 2018 with the CBDT today const

Companies spent a little over Rs 176 crore in the Northeast states towards corporate social responsibility (CSR) works in 2015-16, a surge of 15 per c

Consumer packaging company Crown Holdings Inc said on Tuesday it would buy Signode Industrial Group Holdings (Bermuda) Ltd, which specializes in trans

Oil edged up towards $64 a barrel today, helped by a North Sea pipeline outage, OPEC-led supply cuts and jitters about threats to Middle East supplies

To avoid multiple disclosures, markets regulator Sebi today asked exchanges and depositories to disclose consolidated holding of each shareholder incl

Lenders are in talks with corporates keen on acquiring the stressed accounts, for providing working capital loans, and even term loans for expansion p

Domestic air passenger traffic rose to 1.04 crore in November -- up 16.99 per cent -- from 89.66 lakh reported for the corresponding month of 2016, of

Telecom operator Bharti Airtel on Tuesday said that it has signed an agreement with Millicom International Cellular S.A. to acquire 100 per cent stake

Essar Shipping, the only listed company of the Ruias-held Essar Group, is in expansion mode. It has recently increased its cargo carrying capacity to

The Comptroller and Auditor General of India (CAG) in its latest report has said five telecom operators, including Tata Teleservices, Telenor and Reli

The Companies (Amendment) Bill, 2017 which seeks to bring about major changes in the Companies Act, 2013, was passed by the Rajya Sabha on Tuesday by

A parliamentary panel has suggested that the government extend the duty drawback rates for exporters prevailing prior to the roll out of the Goods and

From a tepid start in August 2016, the Unified Payments Interface (UPI) has raced on through 2017 to cross the 100-million transactions mark in Novemb

Airtel has deposited an interim penalty of Rs 2.5 crore with the Aadhaar-issuing body UIDAI after an action against the telecom operator for allegedly

Online cab aggregator Ola on Tuesday announced the acquisition of food delivery start-up Foodpanda India from its German parent, Delivery Hero, in an

The board of Housing Development Finance Corporation has approved a proposal to raise Rs 3,000 crore by selling 5 per cent equity shares to institutio

Despite Supreme Court relaxation on the use of petcoke by cement companies, the prices of cement are likely to go up by Rs 3-4 a bag by mid-January, a

State-owned Indian Bank will raise up to Rs 7,000 crore through various means, including a follow on public offer (FPO), in the current fiscal and the

The World Bank on Tuesday raised its forecast for China?s economic growth in 2017 to 6.8 per cent from 6.7 per cent it projected in October, as person

Sale of goods and display of prices at duty free shops in Indian currency ? amendment of circular 31/2016 - Customs dated 6th July 2016 ? Reg

Exchange Rates Notification No.117/2017-Custom(NT) dated 07.12.2017

Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver- Reg

Submission of Financial Information to Information Utilities

The statistics from FICCI's quarterly survey on manufacturing suggests slightly less optimistic outlook for the manufacturing sector in the Q3 (Octobe

Yes Bank and the European Investment Bank will co-finance $400 million funding for renewable power generation in the country."The new financing progra

Euro zone wage growth slowed in the third quarter from a two-year high hit in the April-June period, data released on Tuesday showed, offering little

It would see the UK and EU continuing the regulatory alignment that exists today, and the formation of a new customs union similar to the existing one

Telecom operator Bharti Airtel on Monday said that it has signed an agreement with Millicom International Cellular S.A. to acquire 100 per cent stake

The High Court in Nairobi, Kenya, exempted Bharti Airtel from paying about $20 million to the African country's communications regulator as a conditio

Ola's rivalry with Uber has just entered a whole new dimension. Seven months after Uber launched its on-demand food delivery app UberEATs in India, Ol

Recovering from the double impact of demonetisation and GST implementation, FMCG companies and consumer durable firms are pinning (rpt) pinning hopes

Prime Minister Narendra Modi's government has miles to go to achieve its annual road-building goal. The National Highway Authority of India aims to ag

The rising craze for bitcoin, a cryptocurrency that has rocketed to shocking highs, has come under the government's lens. Bitcoin can be an easy way t

The government has planned an additional expenditure of Rs 66,113 crore with a net cash outgo of `33,380 crore, which could have some adverse impact o

China has released a code of conduct for private companies investing abroad as it seeks to head off risky acquisitions, with state media reporting on

Brenntag AG, a German multinational chemical distribution company, has acquired a 65 per cent stake in Raj Petro Specialities, to expand and diversify

The government is considering giving tax relief to companies that acquire stressed assets under the insolvency process. Some of such steps like carryi

JSW Group, via promoter group company JSW Techno Projects Management, has acquired 49 per cent stake in Odisha-based Brahmani River Pellets (BRPL) in

Campbell Soup Co and Hershey Co on Monday unveiled deals totaling nearly $6 billion to buy healthy packaged snacks makers, the latest example of big U

Oracle Corp. agreed to buy Aconex Ltd, an Australian company that makes cloud-based collaboration software for construction projects, for 1.56 billion

The deal is expected to generate US$100mln in annual run-rate cost savings and add to Penn National?s free cash flow in the first year US casino opera

Campbell Soup is acquiring snacks company Snyder's-Lance for $4.87 billion in cash, the largest ever deal in the soup company's 148-year history. CNBC

Japan has reported its exports rose 16 percent in November from a year earlier while imports jumped 17 percent. Customs data released Monday showed th

It is a good news that India?s current account deficit at $7.2 bn has come down to 1.2% of GDP by Q2 of the current fiscal compared to 2.4% in Q1. How

Global coal demand will be subdued over the next five years, growing at just 0.5 percent a year, marginally higher than current levels, due to lower c

Private sector lender Axis Bank today completed largest fund infusion in the domestic banking sector through the private equity route, totalling Rs 11

Mortgage lender HDFC will raise Rs. 2,000 crore by issuing debt securities on private placement basis. The ?7.55 per cent HDFC, 20 February 2019? secu

Gross Non-performing Assets (NPAs) of banks crossed Rs 8.50 lakh crore at the end of September 2017, Minister of State for Finance Shiv Pratap Shukla

Thanks to a sharp focus on affordable housing, loans by housing finance companies (HFCs) today are matching the disbursals by banks. Disbursements by

Adani on Monday said it has cancelled a 2.6 billion dollar contract with Australian mining services company Downer as part of a cost-cutting drive, a

Indias software market is expected to grow at 11.9 per cent year-on-year to touch USD 5.1 billion by the end of 2018, research firm IDC said today. Th

Rating agencies Moodys Investors Service and ICRA today said they have a stable outlook for the Indian power sector over the next 12-18 months and exp

The Uttar Pradesh government presented a supplementary budget of Rs 11,388.17 crore for the financial year 2017-18 in the state assembly on Monday. Th

Widening its probe into bitcoin investments and trade, the Income Tax (I-T) department is set to issue notices to 4 to 5 lakh high networth individual

The government plans to tweak the land use policy to ensure affordable housing is accorded top priority. That will make available vast tracts of surpl

After successfully completing its debt restructuring and emerging from Chapter 11 bankruptcy in the US, communications solutions provider Avaya says i

Companies including power generators that depend heavily on e-auction coal should brace for a further rise in costs as international prices are slated

Canada Pension Plan Investment Board (CPPIB) and Singapore sovereign wealth fund GIC Pte Ltd are separately in talks to acquire Baring Private Equity

India can achieve an eight per cent growth rate for the next two decades by promoting investment and improving the living conditions of its people, a

errying goods across states may get quicker as the GST Council today decided to make rollout of all India electronic-way bill compulsory from February

The government will bear the MDR charges on transactions up to Rs 2,000 made through debit cards, BHIM UPI or Aadhaar-enabled payment systems to promo

Goods and Services Tax Network (GSTN), the IT backbone of the new tax regime, today said it has put a new function on its portal to allow taxpayers ch

Global industry body Worldsteel has said India's steel demand will take longer to replicate China's performance in terms of demand, as the former's gr

Market watchdog Sebi will come down heavily on illicit 'initial coin offers' seeking public investments with promise of high returns from Bitcoins and

After acquisition of Essar Oil in August, the Rosneft-led consortium has been taking quiet strides in expanding its retail network and utilising syner

Foreign investors are flocking to the Indian capital markets in a big way with a net inflow of over USD 30 billion (more than Rs 2 lakh crore) of so-c

South Korea?s trade ministry announced on Monday a plan to strengthen its manufacturing sector by expanding market entry into countries such as China

China?s central bank raised interest rates on reverse repurchase agreements, or reverse repos, used for open market operations by 5 basis points for t

Japanese exports accelerated sharply in November, yet again pointing to growing momentum in the world?s third-biggest economy. There was just one catc

The year 2017 saw a big jump in growth for the standalone health insurers. With an 43.38 percent growth in the April to November period, this segment

India's dairy industry is expected to maintain 15 per cent compounded annual growth (CAGR) over 2016-20, and attain value of Rs 9.4 trillion on rising

India's exports to China registered a sharp increase of over 53 per cent year-on-year to reach USD 1.24 billion in October, but the trade deficit cont

The spurt in value of Bitcoin has drawn regulators' attention, in India and abroad, towards the cryptocurrency and its risks. The latest in the list i

The government it seems is in no mood to lower its guard on the tax collection front as it looks to send notices to GST defaulters.According to a repo

Silver imports by India, one of the world?s top buyers, may keep rising next year after bouncing back this year from a four-year low in 2016, boosted

Online retail giant Amazon is looking to expand its footprint in the financial technology space and is in talks to invest in digital lending startup C

India's electric vehicle push is attracting global players, too. While automobile majors including Toyota, Suzuki and Mahindra are eyeing the space, a

Bain Capital has taken a $450 million bridge loan from JPMorgan Chase to finance its multi-billion bet on third-largest lender, Axis Bank, as the Bost

Lenders to Essar SteelBSE 0.41 % are reducing the time taken to resolve the biggest default in the industry by mandating that whoever is the bidder mu

The government is overhauling the process followed by banks for mapping Aadhaar-linked bank accounts to subsidy payments. It has also temporarily halt

Digital security solutions provider Gemalto has agreed to a ?51 per share acquisition offer from French aerospace and defense group Thales ? in a deal

Not all banks will be eligible for capital support of the government this fiscal, but those who have performed relatively better and need capital most

This year has been the biggest year for venture capital and private equity (PE/VC) investments in the past decade. Risk capital investors have infused

India?s stock market may have scaled new peaks in 2017 but it?s the bond markets that have really caught the fancy of foreign investors this year. Wit

Last week, Kolkata-based Emami announced it was acquiring a 30 per cent stake in Helios Lifestyle, which owns online male grooming brand The Man Compa

GAIL (India) Ltd will enter into pacts with aluminum and steel majors in Odisha for supply of natural gas from December 2019. The gas major will sign

SoftBank-backed OYO, the country?s largest hotel network with an inventory of 70,000 rooms through 8,500 hotels, is being seen as an emerging competit

The Indian rupee on Friday closed at three-month high against the US dollar as local markets jumped over 200 points after exit polls projected a saffr

The GST Council, which held an urgent meeting via video conferencing, on Saturday approved mandatory compliance of the e-Way Bill to ease traders conc

When bank governors of 10 of China?s biggest banks gathered in a hotel in West Shanghai?s Hongkou district on November 30 to protest against draft rul

The Economic projections for Latin America and the Caribbean show moderate recovery in 2018 and the following year ? with favoured expansions in consu

The euro zone does not need a special budget to help deal with crises, but rather 19 healthy national budgets that can withstand economic shocks, Dutc

Mexico?s central bank hiked borrowing costs by 25 basis points on Thursday and said it was willing to act again whenever needed due to intensifying ri

The Cabinet today approved an amendment to a current law to allow for payment of an interim compensation in cheque dishonour cases with a view not to

The Cabinet today approved amending the Airports Economic Regulatory Authority (AERA) Act which would change the definition of 'major airports' and he

According to the World Economic Situation and Prospects 2018 report, the Indian economy will grow at 7.2% in 2018 and the growth rate will increase to

A new scheme for infrastructure development in the northeastern states with 100 per cent funding by the central government was today approved by the U

The first round of capital infusion for state-run banks that was announced recently is likely to take place soon, a senior finance ministry official

Wipro has partnered with Headspin, a San Francisco-based app testing company that offers next-generation engineering and testing solutions on global m

To curb surging imports of electronic items such as mobile phones and TV sets, the Finance Ministry on Friday increased the basic Customs duty on a ho

The country?s foreign exchange reserves declined by $1.044 billion to $400.897 billion in the week to December 8 due to a steep fall in foreign curren

While expectations on price rise remain stable for the moment, ?considerable caution and vigilance is warranted on the inflation front? but the slowin

The GST Council's efforts to resolve exporters' woes on refunds seem to have started yielding results. Exports grew 30.55 per cent in November, a mont

China?s top smartphone makers are ready to challenge Apple Inc. on its home turf after trouncing the iPhone maker in their own market. Huawei Technolo

U.S. industrial production rose 0.2 percent in November due to a rebound in extracting oil and natural gas after a stoppage due to Hurricane Nate. The

The world?s biggest oil buyers are getting pickier about their American crude purchases. Asian refiners are discovering that the quality of cargoes va

Gold tumbled by Rs 155 to Rs 29,510 per ten gram at the bullion market today on easing demand from local jewellers amid a weak trend overseas. Silver

The government on Friday approved a Rs 2,600 crore special package for employment generation in the leather and footwear sector, which has the potenti

Bitcoin blasted to another all-time high of almost $18,000 on the Bitstamp exchange on Friday, up 9 percent on the day, as warnings grew over the risk

Yields on the two-year and the benchmark 10-year government securities may touch 6.6% and 7.55% respectively by end-2018 on concerns over inflation an

A senior Housing Development Finance Corporation (HDFC) executive confirmed on Friday that the mortgage company is looking to raise funds that would b

Steel Authority of India Ltd (SAIL) will start producing automotive steel in a $1 billion partnership with ArcelorMittal in three years, a top governm

Two of the country?s top telecom operators ? Bharti Airtel and Reliance Jio ? are venturing out of their core domain into the multi-billion-dollar clo

To promote digital transactions, the Union Cabinet on Friday approved a proposal mandating that government will bear the merchant discount rate (MDR)

India's services exports grew by 8 per cent to $14.15 billion in October, the Reserve Bank data showed today.They amounted to $13.11 billion in Octobe

An existing Aadhaar holder will have to furnish his Aadhaar card to open a new bank account, a five-judge Constitution Bench of the Supreme Court, led

A sharp decline in income from the copper business due to lower treatment and refining charges (Tc/Rc) is a concern for India?s primary base metals pr

Blockchain is upending the world?s financial markets with the rise of bitcoin, and now the digital-ledger system is poised to do the same next year fo

Amid concerns being raised on bank deposits under the draft FRDI Bill, an SBI research report today said the proposed law is contemplating an increase

Target, America?s other favorite old-line retailer (the one that?s not Walmart, with the arguably better commercials), is buying the Alabama-based del

China's steel demand will slow in 2018 as the world's second-largest economy reins in stimulus and tightens credit, ending a two-year bonanza for the

While the growth prospects for the economy are likely to remain weaker than currently expected, visibility on various macroeconomic parameters should

The GST Council will consider bringing electricity, petroleum products and some other items under the ambit of GST in future, Bihar Finance Minister S

BP (BP.L) will buy a 43 percent stake in solar energy company Lightsource for $200 million, the British oil producer said on Friday, marking its retur

We simply won?t stop gushing about how fantastic 2017 has been as far as initial public offerings (IPOs) are concerned. Take a look at the chart along

India has raised basic customs duty on mobile phones to 15 per cent from 10 per cent, imposed in July as it looks to encourage Make In India. Duty has

Public sector lender Corporation Banktoday said it has reduced its marginal cost of funds based lending rate (MCLR) by 0.1 percentage point for overni

The Bank of England kept its main interest rate unchanged at 0.50 percent on Thursday, a month after increasing borrowing costs for the first time in

In what could be a major blow to the domestic derivatives market, the Singapore Stock Exchange (SGX) will soon launch trading in Indian single-stock f

Federal Reserve officials followed through on an expected interest-rate increase and raised their forecast for economic growth in 2018, even as they s

Cairn India on Thursday announced the strengthening of its leadership team to realise the company's vision to contribute 50% of country's crude oil an

Industrial conglomerates GE and the Tata Group have entered into a pact to manufacture "CFM International LEAP" engine components in India, for the gl

The Ruia-owned Essar Shipping is planning to increase volumes via third-party cargo, even as it services debt in a not so friendly freight market. ?Cu

Online home interiors brand HomeLane.com has raised $10 million from Accel Partners, Sequoia Capital and RB Investments in a Series D fund raise. The

Saudi Arabia's King Salman issued a royal decree approving 72 billion riyals ($19.2 billion) worth of measures to stimulate growth in the private sect

The European Central Bank reaffirmed its ultra-easy policy stance on Thursday, promising to keep rates steady until after the end of bond buys and mai

The purchase includes Fox's film and television studios, as well as its 39% stake in satellite broadcaster Sky. Fox will form a news-focused company w

Indian firms including aluminum smelters and chemical factories are considering importing more coal to ease fuel shortages as most of the country?s ou

The global oil market will likely show a surplus in the first half of 2018, as rising U.S. supply offsets OPEC?s discipline in maintaining its produc

Credit Suisse said it believes that India?s macroeconomic parameters should improve during 2018. However, economic growth is likely to be weaker than

Private equity investments saw a significant uptrend in November with deals worth $3 billion, taking the year-to-date (YTD) deal tally to $19.42 billi

Natco Pharma has raised Rs 915 crore through issue of securities to qualified institutional investors, according to a regulatory filing.During its mee

Indian government has implemented bold reforms in recent years, including the Goods and Services Tax (GST) and the Insolvency and Bankruptcy Code (IBC

Flipkart India Pvt. Ltd, the wholesale unit of India?s largest online retailer, posted slower revenue growth in the year ended March, regulatory docum

Inflation based on wholesale prices accelerated to 8-month high of 3.93 per cent in November due to a sharp rise in onion prices and costlier seasonal

Refund/Claim of Countervailing duty as Duty Drawback.

Amendment to notification no 40/2012-Cus (N.T.) dt 02.05.2012

Customs (Furnishing of Information) Rules, 2017

seeks to further amend notification No. 50/2017-Customs so as to prescribe effective rate of BCD on various goods.

seeks to increase import tariff rate on specified electronic goods under First Schedule to the Customs Tariff Act by invoking section 8A (1) of the Cu

[Notification No. 97 /2017/ F. No. 300196/8/2016-ITA-I]

Customer Protection - Limiting Liability of Customers of Co-operative Banks in Unauthorised Electronic Banking Transactions

Investment by Foreign Portfolio Investors (FPI) in Government Securities Medium Term Framework ? Review

Economic activity is not linear, it is cyclical. Economic or business cycles are periodic expansions and contractions of economic activity. Thus, ther

Technology giant Apple has registered the slowest growth in India in the last 6 years, based on Registrar of Companies data. Apple posted a 17 percent

The resolution professional (RP) for Binani Cement has rejected the claims of more than Rs 2,000 crore by IDBI Bank and the Hong Kong branch of State

Domestic steel giant SAIL today said its board has approved the proposal to enter into a joint venture with the world?s largest steelmaker ArcelorMitt

India Inc's merger and acquisition activity registered a growth of 55 per cent year- on-year in November with deals worth USD 3.2 billion, powered by

The state-run Corporation Bank said that the Reserve Bank of India (RBI) has enforced restrictions on it under the prompt corrective action (PCA) on a

China?s industrial output and retail sales grew at a steady pace last month, while fixed asset investment cooled slightly, reinforcing signs of a mode

Japan?s ruling bloc approved a plan on Thursday to slash the corporate tax rate to around 20 percent from 30 percent - but only for companies that rai

The Hong Kong Monetary Authority raised the base rate charged through its overnight discount window by 25 basis points on Thursday to 1.75 percent. Th

For all those market mavens out there fretting about the relentless flattening of the U.S. Treasury yield curve, Federal Reserve Chair Janet Yellen ha

India?s inflation surged past the central bank?s target, bolstering a view that interest rates may rise earlier than expected and offering little reli

Inflation based on wholesale price index (WPI) accelerated further to 3.93 per cent in November due to a sharp rise in onion prices and costlier seas

The yield on 10-year benchmark bonds fell from a 17-month high after the government announced a repurchase of Rs 20,000 crore of securities on Wednesd

Government bonds (G-Secs) ended mixed on alternate bouts of buying and selling. The 6.79 per cent 10-year benchmark bond maturing in 2027 rose to ?97.

India?s largest online retailer Flipkart has completed its $100 million repurchase of employee stock options (ESOPs), making it the largest-ever shar

The government on Wednesday extended the deadline for linking bank account with Aadhaar. "It has been decided by the Government to notify 31st March,

Underlying U.S. consumer inflation slowed in November, held down by weak healthcare costs and the biggest drop in apparel prices in nearly two decades

Chinese steel futures dropped on Wednesday as the physical market slows amid cooling demand. The most active rebar on the Shanghai Futures Exchange cl

OPEC expects the world oil market to be balanced by late 2018 as its deal with other producers to cut output reduces excess oil in storage, even as th

Retail investors are preferring systematic investment plan (SIP) option for investing in mutual funds, with the industry garnering around Rs 5,900 cro

Digitisation is helping people even in remote corners of the country to access the markets, brokerage HDFC Securities said today.The firm also said th

Stock exchange major BSE said its wholly-owned subsidiary India International Exchange (India INX) witnessed an all-time high turnover of over Rs 1,70

India?s benchmark 10-year bond hit its lowest in more than 16 months on Wednesday, as investors saw surging inflation as a potential threat to a still

E-commerce company Amazon India on Wednesday announced its partnership with Korea Investment Trade Centre (KOTRA) in an effort to increase the number

Veritas Finance, a Chennai-based non-banking financial services company that lends to micro and small enterprises, has raised Series B equity funding

The Asian Development Bank (ADB) today lowered India?s economic growth forecast for the current fiscal to 6.7 per cent from 7 per cent, citing lingeri

India's July-September current account deficit more than doubled from a year earlier after imports accelerated while crude prices surged, data publish

Even though the tax department has set aside a clutch of orders sent to IT companies reversing their tax exemptions in respect of IT/IT-enabled servic

Banks would need to set aside an additional Rs 10,000 crore as provisions for accounts in the Reserve Bank of India?s (RBI) second list that are set t

The Income Tax Department today conducted survey operations at major Bitcoin exchanges across the country on suspicion of alleged tax evasion, officia

Next Orbit Ventures (NOVF) ESDM, a newly established Abu Dhabi-based fund, said on Wednesday it had launched a $2 billion fund to invest in India?s se

The Adani Group?s coal mine project in Australia has once again run into rough weather. The opposition this time is from the premier of Queensland, wh

Japanese machinery orders bounced back in October with a faster increase than expected, re-affirming the resilience of capital spending - a key driver

The U.S. government reported a $139 billion deficit in November, the Treasury Department said on Tuesday. That compared with a budget deficit of $137

The Income Tax Department today conducted survey operations at major Bitcoin exchanges across the country on suspicion of alleged tax evasion, officia

The Asian Infrastructure Investment Bank (AIIB) today said it has approved a $335 million loan to finance a 100-per cent electric metro rail project i

The Asian Development Bank (ADB) today lowered India's GDP forecast for the current fiscal by 0.3 per cent to 6.7 per cent, attributing it to tepid gr

The government is expected to allow use of stickers to display revised maximum retail price (MRP) on unsold pre-GST stocks for three months until Mar

India suffered a macroeconomic setback on Tuesday with retail inflation unexpectedly accelerating to a 15-month high of 4.88% in November and industri

Global private equity (PE) funds and strategic investors are ready with a war chest of over Rs 60,000 crore which they say will be needed to buy chunk

China will likely set its 2018 economic growth target at around 6.5 per cent, unchanged from the previous year, leaving more room for quality growth a

The Indian economy will grow at 7.2% in 2018 and accelerate to 7.4% in the following year as a result of robust private consumption, public investment

The Aditya Birla Group and Vodafone Group PLC have started talks on the ?closing adjustments? of the merger between Idea Cellular and Vodafone India,

The turnover of Maruti Suzuki for 2016-17 is more than the total of turnovers of three major brands ? Hyundai, Ford and Nissan ? put together. Except

Apple India posted Rs 11,618.7 crore revenue during 2016-17. The firm?s topline grew 17 per cent over the previous year?s Rs 9,937 crore turnover, but

India?s bond investors seem to have gotten tired of the incessant supply of fixed income papers at a time when regulatory requirement for them are red

Prices at the wholesale level rose 0.4 percent in November and 3.1 percent over the past year. It was the biggest annual jump in nearly six years and

Westfield chairman and co-founder Frank Lowy appears with his son Peter on a screen via video-link, as his other son Steven Lowy sits with Elliot Rusa

Gold prices went down for the sixth straight day, plunging by Rs 180 to over 4-month low of Rs 29,400 per 10 grams at the bullion market today, hurt b

Less than two weeks after OPEC?s decision to extend oil production cuts, Libya and Nigeria ? the only two exempt members of the group ? are signaling

Equity mutual funds registered an inflow of over Rs 20,000 crore in November, buoyed by strong participation from retail investors coupled with lacklu

Ahead of the Gujarat elections, sources tell ET Now that the government has more or less finalised the structure of the electoral bonds schemes, which

The first year premium of the life insurance companies grew by a marginal 5.8 per cent to Rs 16,994.95 crore in November, data from Irdai showed. All

The Reserve Bank of India (RBI) on Tuesday announced the hike in foreign portfolio investors? (FPIs) investment limits in central government securitie

Global private equity firm Warburg Pincus? affiliate will acquire a 20 per cent stake in Bharti Telemedia Ltd, the direct-to-home (DTH) arm of Airtel.

In a relief to IT companies, a Rs 10,000 crore service tax demand notices on dozens of IT companies has been set aside, the government said today.The

Saddled with a massive amount of unverified input tax credit (ITC) claims from the taxpayers, the government fears that the goods and services tax (GS

Oil prices fell sharply on Tuesday, as traders took profits after prices surged early to a two-year high on an unplanned closure of the pipeline that

State-run lender Punjab National Bank launched a Rs 5,000-crore fund-raising programme late on Monday evening through qualified institutional placemen

The General Index for the month of October 2017 stands at 123, which is 2.2% higher as compared to the level in the month of October 2016. The cumulat

ICICI Bank, the country?s second-largest private sector lender by assets, has reduced the interest rate on one-year deposits by 15 basis points (bps)

Reliance Industries is mulling an initial public offering for its 4G telecom arm Jio, according to a report by ET Now quoting agencies. Reliance Indu

Amazon Seller Services, the marketplace arm of US-based e-tailer Amazon, says it has already started to focus on its bottom line. Gopal Pillai, direct

The finance ministry on Monday moved the Supreme Court seeking a stay on the Delhi High Court?s October order that allowed the Vodafone Group to go ah

Even during the Ice Cream Congress and Expo this September, industry peers didn't realise the Chona family was literally freezing terms of their sale

In keeping with its plan to expand the company's music business, Apple confirmed that it is acquiring popular music recognition app Shazam beating Sna

Google and Facebook dominated the online advertising in the third quarter this year as global online advertising revenue growth reached a record 29.6

The global economy is growing by about 3 percent ? its highest rate since 2011 and a significant acceleration from last year, the United Nations said

A year ago, with the election of a U.S. president who had fulminated against the international trade and financial systems, some analysts worried that

China will likely set its 2018 economic growth target at around 6.5 percent, unchanged from the previous year, leaving more room for quality growth as

Regardless of a return to solid economic growth, the risk of sharp appreciation in the yen means Japan?s central bank would be in no rush to exit its

The U.S. dollar retraced most of its early weakness on Monday before the Federal Reserve is expected to hike rates on Wednesday, though concerns about

A latest report by United Nations predicts that India?s economy is likely to expand by 7.2 per cent in 2018 and go up further to 7.4 per cent in the f

India?s retail inflation likely breached the central bank?s 4.0 percent medium-term target in November after unseasonably heavy rains sent food prices

Top telcos such as Bharti Airtel, Vodafone-Idea combine and Jio stand to gain about 10% in terms of revenue market share within a year as fringe playe

Government bonds (G-Secs) dropped further on sustained selling pressure from banks and corporates. While, Interbank call money rates ruled steady as d

Former RBI Governor C Rangarajan on Monday said he expects the economy to grow about 6.5 per cent this fiscal.?Indian economy is coming out of a phase

U.S. auto parts retailer LKQ Corp (LKQ.O) said on Monday it would buy German peer Stahlgruber for about 1.5 billion euros ($1.8 billion), including de

For the last few months the global interests in Indian economy have been on the rise. Be it World Bank in Ease of Doing Business or Moody?s in its rat

India's fuel demand rose 6.2 per cent in November compared with the same month last year. Consumption of fuel, a proxy for oil demand, totalled 17.41

Investors have pulled out over Rs 500 crore from gold exchange-traded funds (ETFs) in the April- November period of the current fiscal as they preferr

Indian companies raised close to Rs 51,000 crore through private placement of corporate bonds in November, a surge of 32 per cent from the year-ago le

The Reserve Bank continued to remain a net purchaser of dollar in October after it bought USD 852 million in October from the spot market. Though the

Most modes of retail digital payments grew in volumes between September and October, with the Unstructured Supplementary Service Data (USSD) channel b

A shuffle is taking place in the retail sector, with brands looking to right-size their outlets. Three American clothing and accessories brands ? Gap,

Tata Communications Ltd will soon hive its property holdings into a separate company, which will subsequently be listed, capping a 15-year effort by t

Passenger vehicle sales grew by double-digits in November as a low base year - after demonetisation hit demand last year - and year-end inventory stoc

India has proposed a $1 billion line of credit to promote sea, air and road connectivity projects with ASEAN, Union Minister Nitin Gadkari said today.

The benchmark yield closed at a 16-month high of 7.17% on Monday, with traders consolidating their positions ahead of the release of the consumer pric

Rising for the second straight session, the rupee today strengthened by 8 paise to end at a fresh one-week high of 64.37 a dollar on sustained selling

To fast-track the privatisation of state-run Air India (AI), the government is likely to first divide the enterprise into two: AI and Air India Expres

India?s two major producers of refined copper, Vedanta and Hindalco, must be drawing comfort from a Reuters report of an impromptu meeting of represen

Even as the Central Board of Direct Taxes (CBDT) finds it difficult to achieve the Budget Estimates (BE) of direct taxes at Rs.9.8 lakh crore for FY18

Global investment bank Nomura has predicted India's economy to register a 7.5 per cent growth rate in 2018, saying it is on the cusp of a cyclical rec

Transfer of shares of unlisted stressed companies at a price below its fair market value might soon be exempt from the tax net, according to the gover

Infra major NCC Ltd expects to start development and operation of Talaipalli coal block from 2019-20 onwards and contribute about Rs 190 crore to topl

Private equity and venture capital (PE/VC) investments touched USD 2.9 billion across 56 deals in November, driven by big ticket transactions and the

Domestic passenger vehicle sales rose 14.29 per cent to 2,75,417 units in November from 2,40,983 units in the same month last year. Domestic car sales

China should broaden its accounting methods to include off-budget quasi-fiscal spending to provide a clearer picture of its debt mountain, according t

In the year following the implementation of an economic reform package from the International Monetary Fund, Egypt?s economy has witnessed the rapid u

Despite the failing Brexit negotiations spooking investors, and globalist elites scaring market participants with the imminent economic collapse of Gr

A year ago, with the election of a U.S. president who had fulminated against the international trade and financial systems, some analysts worried that

The Direct Tax Collections for Financial Year 2017-18 has shown the growth of 14.4 percent between the month of April-November this fiscal, the Centra

A security based on bitcoin, the digital currency that has exploded in popularly and volatility this year, was to begin trading on a major U.S. exchan

The regulations for grievance handling procedure under the Insolvency and Bankruptcy Code have been notified, wherein the filing fee will be refunded

India?s fuel demand rose 6.2 percent in November compared with the same month last year. Consumption of fuel, a proxy for oil demand, totalled 17.41 m

Iran?s President Hassan Rouhani promised high economic growth as he laid out next year?s budget on Sunday, despite uncertainty over whether the Unite

Aditya Birla group firm Ultratech Cement Ltd on Saturday said it will set up a new plant in Rajasthan with a proposed investment of Rs1,850 crore.The

The hoard of gold with central banks is rising. While the focus of global investors has been on the equity market in recent times, central banks have

Thyssenkrupp is prepared to offer workers commitments on jobs and investments to get union backing for its deal with Tata Steel to merge their Europea

Companies in Indian are optimistic that the country's economic growth will gain traction during the third quarter this fiscal, says a report. The CII

Union Budget 2018-19 is likely to assume an average crude oil price of $65 a barrel. It was $55 a barrel for 2017-18. Crude oil prices have been risin

Investors have pumped Rs 1.26 lakh crore into mutual funds in November, driving industry assets under management to an all-time high of Rs 21.8 lakh c

S Shridhar, an engineer working at an American IT company in Bengaluru, sold about 20 bitcoins on Friday following Reserve Bank of India warnings agai

The Indian Railways is expected to post total revenue of Rs 1.8 lakh crore in the current fiscal year, slightly short of initial target but 10% more t

As tax officials chase to meet stiff revenue targets amid sluggish growth, there is a sudden surge in prosecution notices slapped by the income tax (I

It is that time of the year when there is a rush among tax savers to invest as they have to submit proofs to their employers. Investors can save tax b

Amazon India said its gross sales volume rose 67% from a year earlier in the September quarter, as the online retailer continued to grow at a rapid pa

India?s biggest private-sector lender ICICI Bank, which raised $500 million in a bond sale last week, is in talks to garner a similar amount through a

India?s logistics and supply chain sector is undergoing a big change as two moves by the government ? goods & services tax (GST) and infrastructure st

Reliance Retail wants to expand its business-to-business play by foraying into distribution of apparel, FMCG and white goods directly to neighbourhoo

India is eyeing a revamp of its framework for special economic zones (SEZs) to boost manufacturing, including the exemption of factories located in th

Bankers are looking to speed up the resolution of 28 accounts including Videocon Industries, Jaiprakash Associates and Uttam Galva Steel as a December

After months of intense battle with its Indian joint venture partner Vikram Bakshi, fast food giant Mcdonalds India may soon appoint a licensee partne

Amid differences between lenders and bidders on the proper valuation of a stressed company, the government is considering a proposal to ask insolvency

If state-owned distribution companies (discoms) are mandated to put in place power purchase agreements (PPAs) to meet 100% of their electricity ?requi

Clarification on Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017 ?reg

Exchange Rates Notification No.113/2017-Custom(NT) dated 07.12.2017

Settlement of Agency transactions in certain cases (for Funds and Agency Commission) directly from Reserve Bank of India

Change in name of ?Sardar Bhiladwala Pardi People?s Co-operative Bank Ltd., Killa Pardi, Dist. Valsad (Gujarat)? to ?SBPP Co-operative Bank Ltd., Kill

Rationalisation of Merchant Discount Rate (MDR) for Debit Card Transactions

Auction of Government of India Dated Securities

Technology giant HP will introduce 3D printers in the Indian market in the first quarter of 2018, a top company official said today. "We will launch o

Ola, India?s largest cab-hailing service, is getting into the financial services space by tapping its million-strong driver network as a captive custo

German exports fell unexpectedly in October while vibrant domestic demand pushed up imports, narrowing its trade surplus and adding to evidence that E

After receiving ground reports of difficulty faced by tax officials in collecting comparative data from unwilling assessees, the Central Board of Exci

Chinese exports surged more than twice the expected pace in November, official data showed today, providing some more welcome news pointing to improve

Bank credit offtake has touched a three year high in November implying some early signs of revival in loan demand. Banks loans including procurement c

Asian Development Bank (ADB) will fund highway upgradation project in Karnataka for which it has approved a loan of USD 346 million, ADB said today. I

The rural development ministry expects an allocation of Rs 55,000 crore for the government's flagship rural jobs scheme under the Mahatma Gandhi Natio

Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the marke

Mukesh Ambani Controlled Reliance Industries (RIL) has acquired stake in a newly incorporated entity Dreketi S. A.in Uruguay (Dreketi).Consequentially

Credit offtake from banks is gradually gathering steam, going by Reserve Bank of India data. This is underscored by the fact that year-on-year credit

Public sector lender Bank of India (BoI) plans to raise Rs 3,000 crore through qualified institutional placement (QIP) in the coming days, bank CMD Di

This year will go down as the best ever in the history of India?s mutual fund (MF) industry. Domestic MFs witnessed total inflows of Rs.1.69-lakh cror

Indias export of software services rose by 10.3 per cent on an annual basis to USD 97.1 billion in 2016-17, the Reserve Bank (RBI) said today. The exp

The order inflow trend for capital goods and infrastructure companies in the country has shown significant improvement, with the order value having mo

The bankruptcy court allowed the Union government to appoint new management for real-estate giant Unitech in in a rare move, as the corporate affairs

The EU and Japan announced on Friday they have finalised terms for a giant free trade deal, presenting it as a challenge to the protectionism champion

Japan's economy grew an annualised real 2.5% in the July-September period, revised up from preliminary data and marking seven straight quarters of gro

Britain and the European Union struck a divorce deal on Friday that paves the way for arduous talks on future trade ties, easing immediate pressure on

A China-led flight to quality in the global iron ore market is punishing producers of the lower-grade material, with miners in India facing an increas

Gold prices suffered more losses by falling Rs 200 to trade at Rs 29,750 per 10 grams today, mirroring a weak trend overseas amid slack demand from je

China?s natural gas imports in November rose to a record as domestic demand surged while crude imports were the second-highest ever, as refiners rampe

India?s foreign exchange reserves increased by USD 1.2 billion to touch USD 401.942 billion in the week to December 1, according to the RBI data.The s

Public sector lender Oriental Bank of Commerce (OBC) on Friday slashed the marginal cost based lending rate (MCLR) by 0.05% for select maturities. The

Private sector lender HDFC Bank has seen no impact on the provisioning front due to exposures to the ?couple of companies? featuring in the Reserve Ba

The latest Mint Street memo ? written by Reserve Bank of India officials but not necessarily interpreted as the RBI?s official views ? hints at the po

Indian bonds slumped to a 15-month low on Friday after the Reserve Bank of India set higher-than-expected cut-off yields at the weekly debt auction, w

Union Steel Minister Chaudhary Birender Singh said that the joint venture (JV) between steel giants SAIL and ArcelorMittal to produce high-end automot

Tata Motors today reported a 22 per cent increase in its total global sales at 1,12,473 units for November. Global wholesales of all Tata Motors? co

Blaming Indian industry?s lobbying for tax exemptions, Prime Minister?s Economic Advisory Council chairman Bibek Debroy has said eliminating such exem

Union minister for road transport Nitin Gadkari on Friday announced that Rs 2 lakh crore would be allotted for the development of highways in Uttar Pr

Debt-laden Air India is looking at raising short-term loans to the tune of Rs1,500 crore to meet the urgent working capital requirements.This is the t

Shares of smallcap firms surged up to 20 per cent in the morning trade on Friday with Shriram EPC surging the most (up 20.00 per cent), followed by Fu

Bitcoin tumbled more than 12 per cent in volatile Asian trading on Friday, dropping below the $15,000 level after touching a record high above $16,000

The National Company Law Tribunal (NCLT) has allowed the government to appoint 10 nominee directors at Unitech after the Ministry of Corporate Affairs

Britain and the European Union struck a deal on Friday to move on to talk about trade and a transition period after they agreed the outline of their d

The richest banker Uday Kotak has flagged concerns over "softer issues" like the massive spike in pollution in the national Capital and has warned tha

Bihar Deputy Chief Minister Sushil Modi on Friday said the Goods and Services Tax (GST) Council would examine the possibility of merging the 12 and 18

Country's top 100 companies in terms of market valuation have generated a record Rs 38.9 lakh crore wealth in the last five years, with Tata Group fir

Shortly after the Reserve Bank of India?s (RBI) announcement of rationalisation of merchant discount rates aimed at boosting non-cash transactions, pa

Oil prices were stable on Friday, held back by a strengthening US dollar but supported by China's relentless thirst for crude amid the Opec-led supply

After the online matchmaking site BharatMatrimony launching its IPO in the domestic internet market, it?s the turn of online insurance aggregator Pol

China's exports and imports unexpectedly accelerated last month in an encouraging sign for the world's second-biggest economy, though analysts expect

The economy expanded at an annual rate of 2.5% in the three months to September, revised data showed.The growth rate was faster than expected, and hig

GST Council member Sushil Kumar Modi today said he is in favour of letting the tax revenues stabilise before the panel considers merger or further rat

Germany has laid out the "red carpet" for Indian firms, underlining their potential for investments in the European nation, German Ambassador Martin N

In a massive relief to Indian exporters, the government announced liberal incentives of Rs 8,450 crore ($1.3 billion) in its mid-term review of the fi

The Indian economy is expected to witness cyclical growth recovery, with real GDP growth likely to accelerate from 6.4 per cent this year to 7.5 per c

Driven by hopes of an economic recovery and lack of alternate investment avenues, investors continued to pour money into mutual funds in November. As

Loan growth of banks hit a three-year high in November, boosting early signs of revival in demand after credit offtake had touched multi-year low in t

Equity mutual funds (MFs) saw net investor inflow of Rs 20,308 crore in November, despite weakness in the stock market.This is the second time after A

Private consumption and investment drove euro-area economic growth in the third quarter, underpinning a recovery that has spread across the 19-nation

China?s foreign exchange reserves rose for a 10th straight month in November, though slightly less than market expectations, as tight regulations and

Gold prices dipped below the Rs30,000-mark on Thursday, falling by Rs100 to trade at over three-month low of Rs29,950 per 10 grams at the bullion mark

The Securities and Exchange Board of India (Sebi) has proposed allowing mutual funds and portfolio management services (PMS) firms to invest in commod

Indian companies garnered over Rs 26,000 crore through issuance of shares on preferential basis during April-October of the ongoing fiscal, a jump of

The Unified Payments Interface (UPI) channel was the only mode of retail digital payments to register significant growth in transaction volumes in Nov

Non-food bank credit clocked double-digit growth for the first time in 15 months, rising to 10% year-on-year (y-o-y), during the fortnight ended Novem

In FY 2016, the Indian automation market (which includes DCS, PLC, HMI, SCADA, and Industrial Robots) was estimated at INR 40.28 billion. This market

Consumer goods maker Emami Ltd on Thursday said it had agreed to buy a 30% stake in Helios Lifestyle Pvt. Ltd, which sells men?s personal grooming pro

A massive fall in the other income saw the country?s second largest airline Jet Airways standalone net profit plummeting to Rs 49.63 crore in the quar

State-owned Steel Authority of India Ltd (SAIL) is set to approve a long-proposed $1 billion joint venture with ArcelorMittal at its board meeting nex

The Centre on Thursday informed the Supreme Court that it will extend till March 31 next year the deadline fixed for mandatory linking of Aadhaar + fo

The largest U.S. health insurer UnitedHealth Group Inc will buy DaVita Inc?s primary and urgent care services for $4.9 billion in its second acquisiti

Broadcom Ltd on Wednesday reported a better-than-expected quarterly profit and boosted its dividend by 72 percent, days after the chipmaker took its $

Most Asian currencies drifted on Thursday, with investors shying away from risk ahead of key central bank meetings next week and due to political unce

Cognizant said Asia would become a $1 billion market for the company in the next few years as it powers ahead with investments in Australia, Japan and

Nikolaos Bakatselos, chief executive of Pyramis, one of Greece?s last surviving stainless steel sink makers, says he can hardly keep up with new order

The economy of Qatar, one of the world?s leading exporters of liquefied natural gas (LNG), is functioning smoothly despite the blockade imposed on Jun

The Maharashtra government processed 16,98,110 loan accounts under Chhatrapati Shivaji Maharaj Shetkari Sanman scheme and disbursed Rs 5580 crore, Chi

The Reserve Bank of India (RBI) holds fire as expected, leaves key rates unchanged. Governor Urjit Patel hints that "neutral" stance may continue for

India has slipped six notches to 37th position among 60 major economies in the world in terms of their attractiveness to Chinese firms, while Singapor

Hinduja Global Solutions (HGS), the business process management services arm of Hinduja Group, is betting big on the e-commerce sector in India as a s

State-run banks with a well-managed balance sheet will get priority in the central government?s recapitalisation programme, the Reserve Bank of India?

To ensure stricter UDAY-target compliance by discoms, the government will mandate via a new law that their losses due to pilferage/theft exceeding 15

The Union Cabinet chaired by Prime Minister Narendra had approved the proposal to introduce a Financial Resolution and Deposit Insurance (FRDI) Bill i