Business
Merger of BoB, Dena bank and Vijaya bank unwarranted: AIBEA
Opposing the merger of these 3 banks, nearly 10 lakh bank employees and officers would take part in the nation-wide srike on Dec 26.
Gold slides on low demand from jewellers
Globally, gold slipped to USD 1,238.12 an ounce in New York, while silver held steady at USD 14.57 an ounce.
Public credit registry better for SMEs, not spl norms: Acharya
The poll-bound government has also been pitching for easing the prompt corrective action norms
Tata Harrier to be on display in Delhi, Mumbai & 9 other cities
Ahead of its launch in January, the Tata Harrier will be on display at various cities.
IOC to buy back shares for Rs 4,435 cr; pay Rs 6,556 crore dividend
The government is expected to participate in each of the share buyback programme of these PSUs.
Autos
Renault price hike: Get ready to shell more for Kwid, Lodgy, Duster, Captur
Price hike will be in the range of Rs 4,000 to Rs 19,875 Cites increased production costs and fluctuating rupee.
Tata Motors to hike PV prices across models by up to Rs 40,000 from Jan 1
Tata Motors is "optimistic on maintaining our growth trajectory in the coming year on the back of our robust portfolio.
2019 Land Rover Discovery Sport launched in India
SE and HSE variants get a more powerful diesel engine.
Hyundai Palisade gets a diesel engine; may launch in India
The Palisade is an eight-seat SUV that was first revealed for the North American market.
Cars in demand: Maruti Vitara Brezza, Tata Nexon top segment sales in Aug 2018
Barring the top slot, where the Brezza sits pretty, all other ranks are hotly contested in this segment
Companies
Anil Ambani welcomes Supreme Court order on Rafale
There was no occasion to doubt the decision-making process in the procurement of the 36 Rafale fighter aircraft from France, says SC.
India Post announces full-fledged entry into e-commerce
The DoP has set up parcel directorate which is free to take decision to match the competition.
Infosys forms JV with Hitachi, Panasonic, Pasona in Japan
Infosys will bring its expertise in procurement processes, consulting, analytics and digital technologies such as artificial intelligence.
RBI Central Board to further examine Governance norms
This is the first board meeting chaired by Das, who took over as the 25th gov Wednesday after the surprise resignation of Urjit Patel on Monday.
Yamaha India launches Saluto, Saluto RX equipped with advanced braking system
Saluto RX will be available only in drum brake version priced at Rs 52,000 and Rs 53,000 depending on colour options.
Economy
RBI board agrees to further examine governance framework
The 18-member board also discussed the draft report on the trends and progress of banking (2017-18).
WPI inflation falls to 4.64 per cent in Nov on softening food prices
WPI-based inflation stood was 5.28 per cent in October and 4.02 per cent in November last year.
RBI board meeting underway to discuss new economic capital framework
The 18-member RBI board will also deliberate on relaxation of prompt corrective action norms.
RBI reserve should be used to fix financial system: Subramanian
Savings should not be used for current consumption, but for long-term investment, says Arvind Subramanian.
Avoid ‘transient populism’ in campaign, urges Arun Jaitley
He said that it is important for India Inc to flag to political parties importance of sound policies .
Market
Rupee rises 14 paise against US dollar in early trade
Rupee is trading at 71.82 on the forex market while the domestic equity market opened on a weak note.
Sensex, Nifty turn cautious on mixed global cues
The NSE Nifty saw similar movement, shedding 5.55 points, 0.05 per cent, to 10,786.00.
Rupee snaps 3-day losing streak, settles 33 paise higher at 71.68
Rupee opened on a firm note at 71.70 against the US dollar and surged further to touch a high of 71.51 during the day.
Sensex ends over 150 points higher; Yes Bank slumps 6 per cent
The broader NSE Nifty rose 53.95 points, or 0.50 per cent, to 10,791.55.
Rupee rises 42 paise against US dollar in early trade
Rupee is trading at 71.59 in early trade after the new RBI governor Shaktikanta Das took charge.
In Other News
Petrol, diesel prices unlikely to flare up ahead of 2019 polls
OMC didn’t cut rates in real terms during recent softening of crude prices to build a buffer.
No proposal to change existing FDI policy in multi-brand retail trade: DIPP Secy
Government is looking at increasing FDI cap to 100 per cent in the sector.
Irdai delinks personal accident cover from 3rd party motor insurance
Irdai’s recent circular on the CPA cover has provided clarification in line with the Indian Motor Tariff provisions.
Shaktikanta Das appointed as new RBI Governor
Earlier he was member of the Fifteenth Finance Commission of India.
e-Mandate : A new way to transform recurring payments
Today, fintech industry is working rapidly to solve the complexities of financial management system in the country.