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

Banks collect Rs 5,000 cr from customers for breaching minimum balance

SBI led the pack in penalising its customers for not maintaining minimum account balance.

5 Aug 2018 12:33 PM IST

Sanjeev Sanyal, principal economic advisor in the finance ministry.

GST slabs may reduce to 3 in long-term: Sanjeev Sanyal

Presently, there are four GST slabs of 5, 12, 18 and 28 per cent, plus the exempted category which attracts 0 per cent...

4 Aug 2018 4:12 PM IST

USD 1,685.42 per metric tonne has been imposed on import of Phosphorus Pentoxide from China.

Higher import duties on 29 US products to be effective from Sep 18:...

Duty imposed by US has affected steel exports by USD 198.6 million and aluminium shipments by USD 42.4 mn.

4 Aug 2018 12:12 PM IST

Indias Oct-Dec GDP growth is the highest quarterly growth recorded since July-September quarter of 2016-17. (Photo: PTI)

India poised for quantum GDP growth by 2030: NALCO CMD

Growth of the country will come in the Micro, Small and Medium Enterprises (MSME) sector.

4 Aug 2018 11:32 AM IST

EEPC India on Monday said Indias exports grew by 17 per cent to USD 76 billion in financial year 2017-18.

US export to India increases as bilateral trade deficit drops:...

India's export to the US in goods increased by 13.11 pc from USD 23.6 billion in 2017 to USD 26.8 billion.

4 Aug 2018 10:10 AM IST

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

Analysis: RBI chooses between falling rupee and banking cash crunch

Economists suspect it may choose currency stability, regardless of how tight funding conditions get.

3 Aug 2018 2:10 PM IST

The Nikkei India Services PMI Business Activity rose to 51.7 in October, from 50.7 in September. (File Photo)

July sees strongest service sector growth since October 2016: PMI

The seasonally adjusted Nikkei India Services Business Activity Index rose from 52.6 in June to 54.2 in July.

3 Aug 2018 11:00 AM IST

US-India economic engagement is underperforming in spite of the progress that has been made over the past 30 years. (Photo: PTI)

India puts off retaliatory tariff on US products

Decision linked with resumption of 2-plus-2 dialogue next month.

3 Aug 2018 9:02 AM IST

State Bank of India

NHAI to ink MoU with State Bank of India for Rs 25,000 crore loan

This is SBI's highest long-term unsecured loan to any entity and also the largest ever loan sanctioned to NHAI.

2 Aug 2018 5:16 PM IST

Global ratings agency Fitch on Monday said it is doubtful about the strength of corporate governance at ICICI Bank, amid allegations of impropriety against its MD and Chief Executive Officer Chanda Kochhar.

ICICI chairman Chaturvedi assures top priority to governance practices

He expressed hope that uncertainties would be resolved at the earliest.

2 Aug 2018 3:44 PM IST

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

RBI rate hike a 'win-win' situation for markets, banks

The MPC added that the volatility in global financial markets continues to impart uncertainty to the inflation outlook.

2 Aug 2018 12:10 PM IST

Prime Minister Narendra Modi and US President Donald Trump also discussed a range of key issues, including defence and security, in Manila, Philippines. (Photo: PIB)

US Congress seeks to strengthen defence partnership with India

United States Congress has passed the USD 716 billion defence spending bill.

2 Aug 2018 9:24 AM IST