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Retail inflation for industrial workers rose to 5.61 per cent in August from 2.52 per cent in the year-ago month mainly due to rise in prices of food items and petroleum products.Business
Retail inflation for industrial workers rise to 5.61 pc in August

The indices of 37 centres are above All-India Index and 41 centres' indices are below national average.

1 Oct 2018 5:49 PM IST

As UPI has still not become popular, third-party payment wallets have seen a big jump in usage.Business
406 million UPI transactions worth Rs 59,835 cr clocked in September...

About 312.02 million UPI transactions totalling Rs 54,212.26 crore were clocked in the month of August 2018.

1 Oct 2018 5:18 PM IST

Ahead of the Reserve Banks monetary policy announcement, mortgage lender HDFC on Monday increased its retail prime lending rate (RPLR) by 10 basis points with immediate effect. The new rates vary from 8.80 to 9.05 per cent on various slabs of loans.Business
HDFC Bank raises retail lending rate by 10 basis points

Punjab National Bank had increased its benchmark lending rates or MCLR for short-term loans by up to 0.2 per cent.

1 Oct 2018 4:41 PM IST

On receiving several complaints from consumers regarding shopping malls and super markets on GST violations, the Legal Metrology Department conducted a number of raids on Thursday. (Representational Image)Business
GST mop-up rises to Rs 94,442 crore in September

As many as 67 lakh Goods and Services Tax (GST) returns were filed in September.

1 Oct 2018 1:28 PM IST

Yes Bank on Thursday reported a net profit of Rs 1,002.73 crore in the second quarter of the fiscal, up about 25 per cent year-on-year. (Photo: PTI)Business
Fully geared up for succession plan, says Yes Bank

The RBI had last month curtailed the three-year term that Yes Bank's board had sought for its MD and CEO Rana Kapoor.

1 Oct 2018 1:23 PM IST

State Bank of India, SBI, had earlier reduced minimum balance requirement. (Photo: PTI)Business
SBI slashes ATM cash withdrawal limit from Rs 40,000 to Rs 20,000 per...

The new withdrawal limit will be effective from October 31.

1 Oct 2018 12:04 PM IST

With multiple agencies probing the alleged Rs 13,000-crore fraud at state-run Punjab National Bank, the Reserve Bank of India (RBI) says it has conducted its scrutiny and the matter is currently under examination for \enforcement action\.Business
RBI to inject Rs 36,000 crore into system in October

It will inject Rs 36,000 crore liquidity into the system through purchase of government bonds.

1 Oct 2018 11:33 AM IST

Indias manufacturing sector activity fell to a four-month low in FebruaryBusiness
Manufacturing sector activity rises in Sep on new orders: PMI

Manufacturing firms boosted their workforce amid gains in new work orders.

1 Oct 2018 11:26 AM IST

The Board of Vijaya Bank has given its approval to a government proposal of consolidation with Bank of Baroda and Dena Bank as per reports from ANI.Business
Vijaya Bank gives nod to proposal of merger with Bank of Baroda, Dena...

The merger entity of Vijaya Bank, Dena Bank and Bank of Baroda will become the third largest lender in India.

30 Sept 2018 3:14 PM IST

Suresh Prabhu.Business
Govt forms high-level panel to look into global trade challenges

HLAG will meet regularly over the next two months to facilitate the formulation of future trade policies.

28 Sept 2018 1:44 PM IST

Finance minister Arun JaitleyBusiness
Trade war will help India emerge as bigger trading, mfg base: Jaitley

Jaitley said the rising oil prices, too, pose a challenge for the economy, since India is a net importer of crude oil.

28 Sept 2018 12:54 PM IST

Moodys said that India is one of the largest buyers of Iranian crude, accounting for about 30 per cent of total crude exports from Iran during April to August 2018.Business
US sanction on oil to hit PSU oil firms

The rating agency said that Iranian crude is usually sold at a discount of up to $2-$4 per barrel to other Middle...

28 Sept 2018 12:30 AM IST

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