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Chief Economic Adviser Arvind Subramanian termed the GST launch a big transformational event of 2017-18. (Photo: ANI)

Central bank autonomy -"sacred-": Arvind Subramanian

The government wants the RBI to liberalise the PCA framework so that more banks are able to lend liberally

12 Dec 2018 5:51 PM IST

Sensex slumped 463.95 points or 1.33 per cent to end the day at 34,315.63 while the Nifty closed the session at 10,303.55, down 149.50 points or 1.43 per cent.

Sensex rises over 600 points to 35,779, Nifty tops 10,700

The broader NSE Nifty rose 188.45 points, or 1.79 per cent, to 10,737.60.

12 Dec 2018 3:51 PM IST

Maharashtra Navnirman Sena chief Raj Thackeray. (Photo: PTI)

'Pappu has become Param Pujya': Raj Thackeray on Rahul Gandhi's win

Thackeray was referring to Cong's win in Rajasthan, Chhattisgarh Assembly elections year after Rahul Gandhi took over...

12 Dec 2018 3:19 PM IST

Maharashtra chief minister Devendra Fadnavis

Decisive leadership must to make India USD 5 trillion economy:...

Maharashtra would be the first state in the country to have a USD 1 trillion economy, says Fadnavis.

12 Dec 2018 2:26 PM IST

Across the world, contactless cards have proven to be a significant catalyst in improving consumer stickiness for digital payments

Visa crosses 20 million contactless cards in India

Over 3.3 million merchants in India now accept cashless payments through multiple payment options.

12 Dec 2018 12:17 PM IST

Mumbais Development Plan Decoding DCPR 2034

Sambhav Group decodes the DCPR 2034 plan

A lot of people are yet to understand the implications of it and the impact it will have on the industry.

12 Dec 2018 10:32 AM IST

The BSE Sensex traded higher by 45.15 points at 33,606.70 and the broader Nifty edged up by 18.70 points to 10,361. (Photo: AP)

Sensex jumps over 300 points after appointment of new RBI Guv

The 30-share index was trading higher by 324.94 points, or 0.92 per cent, at 35,474.95.

12 Dec 2018 10:26 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 falls 32 paise against US dollar in early trade

Foreign fund outflows and rising crude oil prices also weighed on the domestic currency.

12 Dec 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 tumbles 53 paise; RBI Guv's exit, poll results take a toll

The rupee clawed back to 71.67 during the day and finally settled at 71.85.

11 Dec 2018 7:34 PM IST

Economic Affairs Secretary Shaktikanta Das

Shaktikanta Das appointed as new RBI Governor

Earlier he was member of the Fifteenth Finance Commission of India.

11 Dec 2018 6:42 PM IST

The Reserve Bank of India on Monday fixed the reference rate of the rupee at 64.9287 against the US dollar and 79.6870 for the euro.

RBI remains net seller of US dollar in Oct; sells USD 7.2 billion

Central bank purchased USD 945 million, while sold USD 8.149 billion in the spot market, according to the data.

11 Dec 2018 6:23 PM IST

The Sensex slumped 216.24 points or 0.61 per cent to end the day at 34,949.24 while the Nifty fell 55.35 points or 0.52 per cent to close the session at 10,633.30.

Sensex recovers 190 points, Nifty above 10,500

The broader NSE Nifty rose 60.70 points, or 0.58 per cent, to 10,549.15.

11 Dec 2018 4:13 PM IST