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$Midsize private sector lender Yes Bank is aiming to evolve itself into a \technology company in the business of banking\ and has accordingly announced a rejig of its senior management.$ Business

Yes Bank shares continue to fall; plunge 7 per cent

It has received RBI's approval for continuance of Rana Kapoor as MD and CEO of the company.

31 Aug 2018 1:29 PM IST

In a worrying sign, India reported a fiscal deficit of Rs 6.12 lakh crore for the April-November period.

Business

Objective of demonetisation was to reduce cash transactions: Niti...

RBI report revealed that almost all demonetised notes were returned to banks.

31 Aug 2018 12:51 PM 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.

Business

Rupee hits new low of Rs 70.74

Oil prices soared higher following reports about fall in US inventory level and likely disruption in supply from Iran...

31 Aug 2018 12:25 AM IST

Business

More formalisation due to note ban, says Arun Jaitley

Claims rise in taxpayers, higher growth are a result of note ban.

31 Aug 2018 12:15 AM IST

The fluctuating dollar cost only makes life harder as the rupee rate is falling. Every dollar is our 69 plus, making each dollar a crude sum.

Business

Rupee slides further to end at fresh lifetime low of 70.74 to dollar

The British pound held firm after making its biggest gains in seven months the previous day.

30 Aug 2018 6:00 PM IST

The LIC board will meet on September 4 to decide on the modalities for increasing stake in debt-ridden IDBI Bank to 51 per cent, a move that will provide insurance behemoth entry into the banking space.

Business

LIC Board to meet on Sept 4 to decide on raising stake to 51 pc in...

The board will consider the proposal on August 31.

30 Aug 2018 1:01 PM IST

Interestingly, compared with the previous year, there was an increase of 35 per cent in counterfeit notes detected in the denomination of Rs 100.

Business

Demonetisation all pain and no gain

RBI in its annual report for 2017-18 said counting the demonetised notes is over.

30 Aug 2018 9:46 AM 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

Yes Bank, Rajasthan govt partner to launch payments wallet 'Bhamashah'

The Bhamashah wallet, Rajasthan government's online payment application was launched by Chief Minister of Rajasthan,...

29 Aug 2018 6:49 PM IST

$The I-T department will launch full-fledged assessment proceedings from January next year against those assessees who have deposited \suspicious\ amounts of money in banks post-demonetisation, but have not filed their income tax returns till now. (Photo:$ Business