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The government, which reportedly asked the RBI last month to make a list of candidates for mergers and set a time-frame for bank consolidation, is going full steam ahead on its plan to clean up the banking system and create fewer, better-capitalised lenders.

PNB, OBC, Andhra Bank next in line for merger

Govt studying amalgamation of three PSBs, say sources.

24 Sept 2018 3:17 PM IST

The finance ministry along with the Prime Ministers Office (PMO) and the commerce ministry is learnt to have finalised a list of products, which would attract higher import duty under an action-plan by the government, to stem the fall of rupee. (Photo: Pixabay)

Duty hike on many products soon to support Rupee

The new list is likely to be announced on Wednesday.

24 Sept 2018 2:46 PM IST

Indias oil imports from Iran showed a decline of over 25 per cent in June, but some shipments loaded last month are expected to arrive this month, government and industry officials had said on Wednesday. (Representational Image | PTI)

US may supply oil to India to bridge gap post-Iran sanctions

Proposal came at 2+2 meeting; transportation cost an issue.

24 Sept 2018 2:30 PM IST

Supreme Court refers female genital mutilation plea to 5-judge...

SC was hearing a PIL filed by Delhi-based lawyer challenging female genital mutilation of minor girls of Dawoodi Bohra...

24 Sept 2018 1:59 PM IST

BJP spokesperson Sambit Patra alleged that Congress has long defamed Hindus for votes and demanded that party chief Rahul Gandhi and his predecessor Sonia Gandhi apologise for terms such as Hindu terror. (Photo: ANI/Twitter)

Both Congress, Pakistan want PM Modi removed from Indian politics: BJP

Patra accused Gandhi of targeting the Indian Army by using the term surgical strikes mockingly to attack the Modi...

24 Sept 2018 1:23 PM IST

With debt-ridden national carrier Air India recently implementing cost-cutting policies, as air hostesses are now required to share hotel rooms, cabin crew union have come out strongly in opposition of the move.

Indian airlines giving tough fight to foreign rivals

They now control 39.1 per cent of business, up from 37 per cent in 2014-15, according to latest DGCA trade numbers.

24 Sept 2018 12:55 PM IST

DHFL expects a five-fold jump in small and medium enterprises (SME) loans by 2018. (representational Image)

DHFL shares bounce back, rally 25 per cent

The stock, after a positive opening, further jumped 24.80 per cent to Rs 438.75 on BSE.

24 Sept 2018 12:29 PM IST

Union Finance Minister Arun Jaitley has not been attending office since Monday and even skipped taking oath after being re-elected as Rajya Sabha MP from Uttar Pradesh. (Photo: PTI | File)

Govt to take all measures to ensure liquidity in NBFCs: Jaitley

The minister's remarks come in the wake of stock markets witnessing sudden and stiff fall in intra-day trade on Friday.

24 Sept 2018 10:59 AM IST

Indias crude oil needa are growing every year.

Indian refiners may reduce oil imports as crude prices soar, rupee...

It is becoming a headache for Modi govt ahead of general elections next year.

24 Sept 2018 10:50 AM IST

The Reserve Bank of India on Thursday kept the key policy rate unchanged at 6 per cent for the fourth consecutive time.

Reserve Bank of India, SEBI closely monitoring financial markets

They are closely monitoring recent developments in financial markets and are ready to take appropriate actions.

24 Sept 2018 10:41 AM IST

The Centre levies a total of Rs 19.48 per litre of excise duty on petrol and Rs 15.33 per litre on diesel.

Fuel prices rise again, petrol crosses Rs 90-mark in Mumbai

Discussions are taking place with the United States regarding the reduction of oil imports from Iran.

24 Sept 2018 10:34 AM IST

The rupee on Thursday spurted 12 paise to 64.80 against the US currency. (Photo: AP)

Govt steps to boost capital inflow unlikely to reverse Rupee slide:...

The government also announced its intention to curb imports and reiterated its commitment to this year's fiscal deficit...

24 Sept 2018 10:28 AM IST