Business

The rupee turned weaker after a two-day rise and ended lower by 4 paise at 66.71 against the US dollar in a relatively muted trade on renewed demand for the American currency from banks and importers.

The move by some public and private banks to levy charges after certain number of cash transactions at branches is the most retrograde step, former Union Finance Minister P Chidambaram on Sunday said.

Unoion Finance Minister Arun Jaitley on Saturday said that the Goods and Services Tax (GST), the new indirect tax regime, was on track and July 1 was going to be its likely date of implementation.

The Sensex left its two days of losses behind by recovering 230 points in early session on Wednesday, propped up by fresh buying triggered by positive GDP data for the December quarter amid favourable Asian cues.

Aviation regulator DGCA has started detailed examination of 21 Airbus 320 neo planes of IndiGo and GoAir that are powered by Pratt & Whitney engines, which have been frequently facing technical snags.

India and ADB have signed USD 375 million pact for loans and grants to develop 800-km Visakhapatnam-Chennai Industrial Corridor, which is the first phase of a planned 2,500-km East Coast Economic Corridor.

India will be the fastest growing economy among G-20 countries clocking a 7.1 per cent growth in 2017, Moody's Investors Service said on Thursday.

The Sensex rose 103 points to end at over five-month high today, spurred by index heavyweight RIL and short-covering ahead of derivatives expiry on Thursday.

It promised to be a very busy and eventful day for N Chandrasekaran. But casting his ballot took precedence over all his professional engagements, which included taking over as the chairman of the country's largest business house.

The rupee depreciated 7 paise to 66.97 against the US dollar in early trade on Thursday on fresh demand for the American currency from importers and banks.

Reliance Industries rode the commodities boom that started in the 1980s but Mukesh Ambani has no qualms in admitting that data is the greatest natural resource today.

Brokers said that apart from profit-booking in recent gainers by investors, disappointing earnings by some bluechips companies like Tata Motors and Sun Pharma dampened sentiment.

Impacted by demonetisation, industrial production contracted to four-month low of 0.4 per cent in December with consumer durables output plummeting by over 10 per cent and an overall decline in manufacturing.

Mired in controversy centering around differences between its founders and the management, Infosys today denied any governance lapses and emphasised that its board is "fully aligned with the strategic direction" of CEO Vishal Sikka.

Asserting that there is more scope for banks to lower the lending rates, the Reserve Bank on Wednesday virtually put the ball in the government's court to ensure better transmission of policy rate reductions by fast-tracking bank recapitalisation and NPA...

The mining major had in 2016 wished to disassociate itself from the project as part of its efforts to ‘conserve cash and cutting costs’. After recovering diamond reserves in Bunder in the year 2004, the Australian company had inked an MoU with Madhya Pra...