Business

Rana Kapoor, who has been managing director and CEO since the bank's inception in 2004, had sought a three-year extension till August 31, 2021. However, RBI did not agree to the request.

The 30-share index closed at 36,652.06, up by 347.04 points or 0.96 per cent in a volatile trade. It touched a high of 36,705.79 and a low of 36,064.10 in day trade.

The bank said it had probed transactions amounting to 200 billion euros that had transited Danske Bank's Estonian branch through the accounts of 15,000 non-resident clients between 2007 and 2015.

That would mean no easing of tensions between the world's top two economies for many years after President Donald Trump has left office.

Prior to his position as foreign secretary from January 2015 to January 2018, S Jaishankar held prominent roles in the Indian Foreign Service such as High Commissioner to Singapore, Ambassador to China, and Ambassador to the US.

The meeting comes amid concerns over states breaching fiscal deficit and borrowing extra from the market. The RBI brass has also gone public with thier concern on the deteriorating state finances.

While noting that the RBI is watching the situation on a continuous basis, he said the Indian economy is on a strong footing with forex reserves of USD 400 billion.

Mallya left the country on March 2, 2016 while 13 banks moved the apex court four days later seeking its intervention to prevent the businessman from leaving the country.

Besides, dollar selling by exporters and banks, the greenback's weakness against other currencies overseas, helped the domestic currency recover, forex dealers said.

Shivinder had earlier filed an application before the Delhi bench of the National Company Law Tribunal (NCLT) alleging that collective and ongoing actions of Malvinder led to a systemic undermining of the interests of the companies and their shareholders.

It finally settled 304.83 points, or 0.81 per cent, higher at 37,717.96. Intra-day, it also slipped into the negative zone to hit a low of 37,342.

Shares of Sun Pharmaceuticals Industries closed at Rs 639.50 per scrip on BSE, down 3.72 per cent from its previous close.

The Resolution Professional, overseeing the auction of Essar Steel to recover over Rs 49,000 crore of unpaid loans, sent emails to all the three bidders to be present on Monday for the opening of the second round of bids.

Assocham said the study indicated insurance penetration in the country to have reached 3.7 per cent in 2017, from 2.71 per cent in 2001, and that gross premium had increased from Rs 3.2 lakh crore ($49 billion) in 2011-12 to reach Rs 5 lakh crore ($72 bil...

The employment-based fifth preference category (EB-5) visa is meant for high networth individuals (HNIs) to earn the Green Card which offers permanent residency in the US for themselves and their immediate family through a one-time minimum investment of U...

Petrol price was hiked by 48 paisa per litre and diesel by 47 a litre, according to price notification issued by state fuel retailers.