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The Nifty closed at 11,470.75, gaining 85.70 points or 0.75 per cent while the Sensex soared 284.32 points or 0.75 per cent to end at 37,947.88.

Sensex falls 690 pts on US scare

Concerns over the rupee also loomed over IT and tech stocks, analysts said.

22 Dec 2018 2:28 AM IST

The rating agency noted that losses were reported at 19 of the 21 state banks in FY18, including State Bank of India (SBI), while earnings at the large private banks also came under significant pressure, with Axis Bank reporting its first-ever quarterly loss.

Bank unions threaten stir on December 21

Apart from this, the statement said the bank officials body also wants a five-day week for bank officials.

20 Dec 2018 5:09 AM IST

With an average fixed download speed of 23 mbps, the country improved by an impressive 50.4 per cent but is still ranked at 65th position.

India ranks 111 in mobile net speed

Speed has improved by 15% last year, but trails behind China, tied with Brazil

20 Dec 2018 4:57 AM IST

Union Finance Minister Arun Jaitely (Photo: PTI)

Regulators can't work in isolation: FM on spar with RBI, ex-governor...

Finance Minister Arun Jaitely.

19 Dec 2018 11:55 AM IST

Prime Minister Narendra Modi at an election rally

Working to bring 99 per cent things in sub-18 per cent GST slab: PM...

GST was framed according to the existing VAT or excise tax structures exercised in those respective states.

18 Dec 2018 1:41 PM IST

Former RBI governor Raghuram Rajan

Demonetisation dragged economic growth down, says Rajan

The growth was also impacted by tardy' implementation of the goods and services tax, said the former RBI chief.

18 Dec 2018 10:41 AM IST

Raghuram Rajan had cautioned the government that short-term costs of a radical ban of high-value currency notes would outweigh the long-term benefits. (Photo: AP)

Transfer of excess reserve may pull down credit rating of RBI: Rajan

Highlighting that profit of the central bank largely comes due to devaluation of Indian currency.

17 Dec 2018 4:30 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

Govt's intense pressure on RBI could undermine India's long-term...

Recognition of stressed assets significantly improved following the RBI's circular on February 12, 2018.

17 Dec 2018 3:53 PM IST

Rafale deal has protected both security and commercial interest of India. Allegations on Rafale was fiction writing that was compromising national security, Finance Minister Arun Jaitley said. (Photo: ANI)

Jaitley sees 8 per cent plus GDP growth rate as polls near

Economic affairs secretary echoes minister to say a USD 10 trillion economy by 2030.

17 Dec 2018 11:02 AM IST

The GST not just made India one market by levying uniform tax rates on goods and services, it also did away with tax-on-tax prevalent in the previous system.

GST regime led to better savings as tax rates came down

GST rates have been lowered on an array of commonly used goods and services which resulted in monthly savings for...

17 Dec 2018 10:15 AM IST

Reserve Bank Deputy Governor Viral Acharya

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

15 Dec 2018 2:35 PM IST

Taking merchandise and services together, overall trade deficit for FY18 is estimated at $80.61 billion as compared to $41.79 billion during FY17.

India's November trade deficit narrows to $16.67 billion

India, the world's third-biggest crude importer, buys over 80 percent of its oil from overseas markets.

15 Dec 2018 10:13 AM IST