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RBI's  Monetary Policy Committee had red-flagged risks to inflation during its policy review meeting last week
November WPI inflation jumps to 3.93per cent on high onion, veggie prices

Inflation based on wholesale price index (WPI) accelerated further to 3.93 per cent in November due to a sharp rise in onion prices and costlier seasonal vegetables, government data showed today.

14 Dec 2017

For representational purposes (File | Reuters)
Sensex, Nifty decline after a climb

Investors kept their bets on hold today as key indices traded lower ahead of exit poll results of Gujarat election.

14 Dec 2017

Government to discuss MDR rate issue with RBI: Finance Minister official

The government will hold consultations with the Reserve Bank to work out a mechanism to bring down merchant discount rates (MDR) that have gone up to 0.90 per cent recently.

14 Dec 2017

WPI inflation up 0.7 per cent in November 2017

India's annual rate of inflation based on wholesale prices stood at 3.93 per cent for the month of November, official data showed here on Thursday.

14 Dec 2017

Image used for representational purpose. (Reuters)
Apple invests USD 390million in US-made iPhone lasers

Apple has invested $390 million in optical communication component manufacturer Finisar whose technology has made the iPhone's Face ID feature viable.

14 Dec 2017

Image used for representational purpose only.
Key Indian equity market indices open higher

The Sensitive Index (Sensex) of the BSE, which had closed at 33,053.04 points on Wednesday, opened higher at 33,114.69 points.

14 Dec 2017

Prime Minister Narendra Modi (File | PTI)
FRDI Bill is prudent, don’t pay heed to rumours, says Prime Minister Narendra Modi

The bill, which aims to tackle insolvency, purportedly allows failing banks to use depositors’ money to cut losses.​

14 Dec 2017

Image for representational purpose only | Reuters
US stand poses threat to success of WTO meet: India

A commerce ministry statement expressed “deep disappointment” over the decision of a “major member country”, without naming the US.

14 Dec 2017

Microsoft  (File | AP)
Microsoft sees $100 bn business in ‘Intelligent Cloud’

Microsoft India is betting big on Intelligent Cloud to power growth. The global tech giant pegs the opportunity for Intelligent Cloud in India at $100 billion.

14 Dec 2017

PSU banks to refer 23 Non-performing asset accounts to NCLT

RBI’s deadline to resolve stressed accounts ending on Wednesday, banks are set to refer at least 23 debt-erring firms to the National Company Law Tribunal.

14 Dec 2017

The 750-tonne mega reactor being installed at BPCL Kochi Refinery on Thursday(EPS | Jipson Sikhera)
Kochi fast emerging as petrochemical hub

BPCL Kochi Refinery has already successfully completed its Integrated Refinery Expansion Project, making it the largest public-sector refinery in terms of capacity.

14 Dec 2017

ADB lowers India’s GDP forecast

The Asian Development Bank (ADB) has revised downwards India’s growth forecast for FY18 and FY19 to 6.7 per cent and 7.3 per cent, respectively, primarily due to the lingering impact of demonetisation

14 Dec 2017

Representational Image. | File Photo
GST Network simplifies returns filing process

The GST Network said it has introduced a functionality which simplifies the returns filing process for taxpayers.

13 Dec 2017

Image used for representational purpose only.
Vendors can now track status of bills online: Indian Railways

Under the system, the vendor or contractor need to register with the online IT platform developed in-house by CRIS.

13 Dec 2017

Image used for representational purpose
India's tax department considers tax on virtual currencies

India's central tax authority is investigating bitcoin exchanges to try and find a way to tax transactions, an official said on Wednesday, even as RBI has warned against dealing in virtual currencies.

13 Dec 2017

A Reserve Bank of India (RBI) logo is seen at the entrance gate of its headquarters in Mumbai. | REUTERS
India's July-September current account deficit more than doubles: RBI

India's July-September current account deficit more than doubled from a year earlier after imports accelerated while crude prices surged.

13 Dec 2017

People waiting to collect the tokens for withdrawing money at Corporation Bank’s Mysore Road branch in Bengaluru on Friday | vinod kumar t
Corporation Bank under RBI 'corrective action' lens on bad loans

State-run Corporation Bank said on Wednesday that the Reserve Bank of India has initiated 'prompt corrective action' for the lender over high bad loans and the need to raise capital.

13 Dec 2017

Vodafone sign board. (File photo | Reuters)
Supreme Court to hear Centre's plea on Vodafone arbitration tomorrow

The Supreme Court is likely to hear tomorrow a plea of Centre challenging the Delhi High Court order asking it and the Vodafone Group to participate in dual arbitration proceedings.

13 Dec 2017

Infosys co-founder NR Narayana Murthy (File | EPS)
Narayana Murthy pitches for user-friendly privacy laws    

Pitching for "user-friendly"  privacy laws, IT czar N R Narayana Murthy today said the issue of privacy had to be settled "once and for all".

13 Dec 2017

Image used for representational purpose
Direct-to-home operators settle on mixed note on bourses as investors take to profit booking

Shares of direct-to-home operators which rallied in morning trade today settled on a mixed note on the bourses as investors took to profit booking.

13 Dec 2017

Image used for representational purpose
Big bet on SIPs: Mutual funds garner Rs 5,900 crore in November

Retail investors are preferring systematic investment plan option for investing in mutual funds, with the industry garnering around Rs 5,900 crore through the route in November.

13 Dec 2017

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