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A ICICI bank facility. (File | Reuters)
ICICI Bank mops up USD 500 million in overseas bond sale

The largest private sector lender ICICI Bank has sold a benchmark bond issue at a coupon of 3.833 percent to overseas investors.​

08 Dec 2017

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WhatsApp's standalone Business app set for launch soon

As businesses widely use WhatsApp to communicate with their customers, particularly in Asia, the Facebook-owned service appears all set to launch a brand new app for them.
 

08 Dec 2017

Several houses suffered damage, coconut trees got uprooted and communication lines were disrupted as Cyclone Ockhi lashed in the Coastal India. (EPS | Rajesh Shetty Ballalbagh)
Cyclone Ockhi has not caused much damage to crops: Agriculture Secretary

The impact of cyclone Ockhi on crops so far has not been significant in Tamil Nadu, Kerala and other coastal areas, Agriculture Secretary S K Pattanayak said today.

08 Dec 2017

Turkey President Recep Tayyip Erdogan. (File | AP)
Turkey President Recep Tayyip Erdogan seeks to lead Muslim response on Jerusalem

President Erdogan had fulminated against Donald Trump's recognition of Jerusalem as Israel's capital even before it was officially announced.

08 Dec 2017

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Deadline for linking Aadhaar with PAN extended to March 31, 2018

The government is expected to notify extensions in deadlines for Aadhaar linking with bank accounts and other services soon.

08 Dec 2017

For representational purposes (File | Reuters)
Rupee gains two paise against dollar at 64.55

The rupee edged up 2 paise to 64.55 against the US dollar in early trade at the interbank forex market today on increased selling of the American currency by exporters and banks.

08 Dec 2017

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Sensex reclaims 33,000-mark, up 190 points

The 30-share Sensex was trading higher by 190.36 points, or 0.57 per cent, at 33,139.57, with all sectoral indices in the green, led by consumer durables, bank, metal and auto.

08 Dec 2017

The logo of the Securities and Exchange Board of India (SEBI) is pictured on the premises of its headquarters in Mumbai. (Photo | Reuters)
Sebi top official bats for research in corporate governance

Observing that a lot of improvement is needed in corporate governance framework, Sebi whole time member G Mahalingam has called for more research work on this issue.

08 Dec 2017

A security personnel stands next to International Monetary Fund logo at IMF headquarters in Washington. (Photo | Reuters)
Balance of payments crisis: IMF approves USD 251 million payout to Sri Lanka

The International Monetary Fund today approved the release of USD 251 million to Sri Lanka, the latest payment of a three-year loan that had been delayed amid differences.

08 Dec 2017

Component industry to grow 11 per cent in FY18: ICRA

According to ratings agency ICRA, the growth in the auto components industry will be relatively higher than the underlying growth in the automotive industry in the medium to long term.

08 Dec 2017

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Internet of Things devices may come under insurance policy: IRDAI

The Insurance Regulatory Authority of India is looking at the viability of bringing in wearables and other Internet of Things devices to improve insurance risk assessments and product development.

08 Dec 2017

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Murugappa Group's Tube Investments of India to buy 80 per cent stake in two Sri Lankan cycle makers

Tube Investments of India Ltd, part of the $ 4.7-billion Murugappa Group, has entered into an agreement to acquire 80 per cent stake in two Colombo-based premium bicycle makers.

08 Dec 2017

States agree to 24x7 power for all, cutting T&D losses

Power ministers of states and Union territories have agreed to ensure round-the-clock power supply to all by March 2019.

08 Dec 2017

(PTI Photo)
Financial Resolution and Deposit Insurance Bill is depositor-friendly: Government

Finance ministry plays down criticism against Financial Resolution and Deposit Insurance Bill

08 Dec 2017

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RBI's revised Merchant Discount Rate to hurt traders, says Retailers Association of India

This comes a day after the Reserve Bank of India revised the merchant discount rate (MDR) to encourage acceptance of debit cards at merchant outlets.

08 Dec 2017

(File Photo)
BPCL-Kochi Refinery becomes largest public-sector refinery in India

The Rs 16,500 crore Integrated Refinery Expansion Project of the BPCL-Kochi Refinery (BPCL- KR) is ready for formal inauguration.

08 Dec 2017

An employee works on electric pylons at a power station in Greater Noida on the outskirts of New Delhi. | REUTERS
India to fine firms for blackouts, crack down on electricity theft

The initiative is the latest by the government to ensure more reliable power supplies in the nation of 1.3 billion people where a quarter of households have no electricity supply.

07 Dec 2017

Jet Airways aircraft. (File photo | Reuters)
Jet Airways Q2 net slides 91percent to Rs 49.63 crore

The Naresh Goyal-owned private carrier had posted a net profit of Rs 549.02 crore in the same period last fiscal.

07 Dec 2017

Union Civil Aviation Minister Jayant Sinha | PTI
Government exploring international connectivity for Srinagar airport, new airport at Jammu

Civil Aviation Minister Jayant Sinha said that Srinagar needs to be connected directly to other destinations across the country as well as internationally.

07 Dec 2017

A Jet Airways flight (File |Reuters)
Jet Airways second-quarter profit slumps 91 percent

Jet Airways (India) Ltd, the country's second-largest airline, reported a 91 percent slump in quarterly profit on Thursday, hurt by higher fuel expenses.

07 Dec 2017

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Discoms to be penalised for 'gratuitous' outages after 2019

Briefing reporters during a break in the meeting with state Power Ministers here, Singh said such penalties are part of a roadmap being prepared by the government to fulfil its vision.

07 Dec 2017