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The rupee hit a record low of 70.86 a dollar in the intra-day trade before closing the day at 70.74 a dollar, down 0.20 per cent from its previous sessions close of 70.59.

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

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 Economic Surveys second part, that was tabled by the government in Parliament on Friday, indicated that the economic growth was unlikely to accelerate in the current fiscal and it will be difficult for GDP to touch the higher rate of 7.5 per cent in 2017-18 as projected earlier.

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 8:39 AM IST

Slowing global economy is a concern for India, says Suresh Prabhu

WTO last month lowered the growth projections for trade to 3.9 pc from the 4.4 pc estimated earlier for 2018.

16 Oct 2018 4:28 PM IST

Finance Minister Arun Jaitley said, Government had announced in the budget that consolidation of banks was also in our agenda and the first step has been announced. (Photo: Twitter | ANI)

India needs strong, decisive govt to take swift decision: Arun Jaitley

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

16 Oct 2018 1:45 PM IST

Indias largest private sector lender ICICI Bank on Friday posted a 33.66 per cent dip in net profits for the quarter ended September 2017.

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)

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 10:21 AM IST

The rupee hit a record low of 70.86 a dollar in the intra-day trade before closing the day at 70.74 a dollar, down 0.20 per cent from its previous sessions close of 70.59.

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

The Indian rupee nosedived to a new life-time low of 71.10, shedding 10 paise against the US dollar in late afternoon trade on Monday, tracking weakening trend in emerging market currencies. (Photo: DC)

Rupee slumps 26 paise to 73.83 on rising crude prices

Rupee continued to be under pressure as oil prices started to move-up.

15 Oct 2018 6:32 PM IST

Branch manager of Punjab National Bank (PNB) was convicted for seven years by a Central Bureau of India (CBI) court in the city in a disproportionate assets case.

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.

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 4:01 PM IST

Wholesale inflation in the month of October soared to 3.59 per cent on the back of food and fuel prices. (File Photo)

Wholesale inflation rises to 5.13 pc in September on rising fuel, food...

The WPI inflation was 4.53 per cent in August.

15 Oct 2018 12:31 PM IST