Business
Indian crude oil basket now dips below $43 per barrel
As global crude oil prices plumetted to fresh six-year lows, the Indian basket also fell to $42.97 per barrel from $45.21 on the trading day before, as per official data released on Tuesday.
Sensex sinks 1625 pts in biggest ever single day fall, Nifty slumps 490 pts; government blames 'external factors'
Safe-haven government bonds and the yen and the euro rallied as widespread fears of a China-led global economic slowdown and currency war kicked in.
China shares give up this year's gains in brutal selloff
Chinese stocks plunged more than 8 percent on Monday, posting their biggest one-day loss since the height of the global financial crisis in 2007 as disillusioned investors dumped shares after Beijing held back expected policy support at the weekend follow...
Payments banks pose risk to public lenders market share: Fitch
The proposed Payments Banks will increase competition for the public sector lenders and could also pose risks to their market share over the long-term, Fitch Ratings said on Thursday.
New payments banks won't pose any competitive threat to existing banks: Raghuram Rajan
RBI Governor Raghuram Rajan said that new payments banks would not pose any competitive threat to the existing banks and these new entities would rather serve as 'feeder' for the universal banks.
Rupee gains, opens at 65.17 per dollar on Thursday
The dollar fell after minutes from a Federal Reserve policymakers meeting delivered no solid signals on when the era of near-zero rates will end.
IndiGo firms up order for 250 Airbus planes
In the largest aircraft acquisition, Indian carrier IndiGo on Monday firmed up an order to purchase 250 narrow-body A320 Neo (new Engine Option) planes worth over USD 25.5 billion, as per list prices, with European manufacturer Airbus.
Central Board of Direct Taxes to clarify on bank account disclosures under black money law
Finance Ministry in the second set of FAQs on the black money compliance window is likely to clarify on the period for which foreign bank account details have to be provided after concerns were expressed in some quarters over the availability of records b...
Oil prices slide further in Asia
Oil prices resumed their decline in Asia on Monday as a global glut of crude supplies showed no signs of abating in the face of sluggish demand, analysts said.
Macros improving, subsidy reforms to continue: Arun Jaitley
Government on Wednesday said it is committed to pursuing subsidy reforms by efficient targeting of subsidies to the poor and needy while saving the 'scarce financial resources' for infrastructure and development needs.
Rupee ends 4 paise down at 63.81 against US dollar
The rupee slipped by four paise at 63.81 against the US dollar on sustained demand for the American currency from banks and importers on weak cues from global markets.
Petrol price cut by Rs 2.43 per litre, diesel by Rs 3.60
Rates of diesel, on which VAT was raised from 12.5 per cent to 16.6 per cent, saw a smaller reduction of 50 paise per litre.
Rupee ends 9 paise lower at 64.13 against US dollar
Notwithstanding strong rally in domestic equity markets, month-end demand for the dollar from importers predominantly weighed on the rupee, forex dealers said.
Sebi seeks clarification from 4 firms on IPO plans
Capital markets regulator Sebi has sought clarifications from merchant bankers of four firms including IndiGo and Coffee Day Enterprises regarding their proposed initial public offers (IPOs).
