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The process is energy intensive. Miners plug in thousands of servers at a time to get the computing power to produce cryptocurrencies, which is done by solving mathematical equations.

The bank's board has stood firmly behind Chanda Kochhar, saying no wrong was committed by her, and the committee was headed by the bank's then chief K V Kamath.

Investor sentiment got a further boost amid optimism ahead of the earnings season, which will begin later this week with Infosys' January-March results on Friday.

The Committee of Creditors (CoC), despite supporting the Rs 7,618 crore offer, declined to accept it due to lack of clarity in legal interpretation in several rounds of meeting held both on Saturday and on Sunday.

Officials said the SIT recently held a meeting in the national capital during which it was briefed about the overall scenario of the operations of this virtual currency in the country.

Finacle 10 has been implemented and State-run Punjab National Bank is looking at leveraging additional features.

Rajiv Kochhar, who appeared at the CBI office in Mumbai, was asked about various aspects of restructuring of the loan to Videocon, they said.

US goods exports to India were USD 25.7 billion, up 18.7 per cent (USD 4.0 billion) from the previous year. The corresponding US imports from India were USD 48.6 billion, up 5.6 per cent. India was the US' 15th largest goods export market in 2017, the Nat...

According to the World Steel Association, India produced 8.4 mt of crude steel in February 2018, up 3.4 percent over February 2017.

The airline has entered into an agreement with the Boeing Company for "purchase of 75 Boeing 737 MAX aircraft", it said in a regulatory filing late Tuesday.

The composition of self-employed borrowers in the overall book has increased to 30 per cent for the housing finance companies now, up from 20 per cent just four years ago, domestic ratings agency Crisil said on Wednesday.

The lender has come out with a detailed set of FAQs (Frequently Asked Questions) seeking to address concerns of customers in the wake of the recent fraud.

A total of 10,96,905 taxpayers have registered on e-way bill portal till date. Further 19,796 transporters, who are not registered under GST, have enrolled themselves on the e-way bill portal, the finance ministry said in a statement.

It is alleged that a loan of over Rs 3,000 crore was given to Videocon Group, which in turn pumped money into NuPower Renewables, a firm owned by Deepak Kochhar, husband of ICICI Bank CEO and Managing Director Chanda Kochhar.

Earlier this month, RBI barred banks from issuing guarantees in the form of letters of undertaking (LoU) as it clamped down on the import financing route used by fugitive jeweller Nirav Modi and his uncle Mehul Choksi for allegedly committing India's bigg...

The losses are the latest in a series of swings in global equities since early February, when fears about rising US interest rates spooked investors.