Business

The capital will be pumped in over the next few months, Finance Minister Arun Jaitley said, adding that the move will increase the lending capacity of public sector banks (PSBs) as well as help some of them come out of RBI's watchlist.

Swiggy said the latest fund-raising round takes the total funding raised by the Bengaluru-based company to USD 1.26 billion.

In rupee terms the amount would be around Rs 22,45,364 crore. As much as 85 per cent of the planes would be narrow-body and the rest would be wide-body.

Responding to criticism over surprise resignation of Patel as RBI Governor earlier this month, he said there were cordial discussions at the meeting of the RBI board over issues such as the appropriate size of reserves the central bank must hold.

The Japanese company removed Ghosn from his post last month after he was detained on allegations of under-reporting his salary.

The Aayog is in talks with the states of Uttar Pradesh and Assam over the distribution of 20,000 and 50,000 gas stoves, respectively, powered by methanol, Niti Aayog Member V K Saraswat said.

Amid a raging financial crisis in the industry, India's largest telecom operator Vodafone Idea has urged the telecom department not to hold spectrum auction till 2020 on the grounds that fresh need for quality radio waves will arise only once the 5G ecosy...

He also stressed that foreign investors are very happy about taxation reforms undertaken in India in the last four years.

J&J was found to have known about the presence of small amounts of asbestos in its products from as early as 1971.

The Indian Commercial Pilots Association also claimed the loss-making carrier had only partially paid the pilots for October as they were yet to receive the flying allowance, which constitutes 80 per cent of their total monthly salary.

Emphasising that 5G is going to have a 'more profound impact on the industry', Qualcomm Incorporated President Cristiano Amon said he 'would like India to be a 5G market as fast as we saw with 4G'.

Jet Airways is facing financial difficulties and owes money to pilots, lessors and vendors. The carrier and its second-largest shareholder Etihad Airways are in talks with Jet's bankers on a rescue deal that may involve the Abu Dhabi-based airline increas...

At the Interbank Foreign Exchange, the rupee opened weak at Rs 70.82, then fell further to 71 against the American currency, down 54 paise over it's previous closing price.

The MPC, which takes the decisions on the key interest rates, has six members, three of whom are members of the RBI, while the rest are appointed by the Government of India.

Bhushan Pandey exuded confidence that the government will achieve the budgeted target for Goods and Services Tax (GST) collection and said the revenue department is getting inputs about entities which are evading taxes.

Sun Pharmaceutical, its managing director Dilip Shanghvi and nine othes settled an insider trading probe on payment of Rs 18 lakh towards settlement charges.