Business

After a brief recovery, the rupee once again turned weaker against the US currency and lost 11 paise to close at 64.52 on fresh bouts of dollar demand from importers amid continued geo-political headwinds.

A day after Snapchat CEO Evan Spiegel's purported disinterest in expanding business to "poor countries" like India created controversy in social media, parent company Snap Inc denied the allegation, saying no such remark was made, reports said on Sunday.

Infosys on Thursday said it will pay up to Rs 13,000 crore to shareholders during the current financial year through dividend and/or share buyback.

It was a cautious mood at the start for markets on Wednesday, with the Sensex inching up 50 points, as the countdown begins for release of key IIP and inflation data later in the day.

Petrol pump owners across the country have threatened to observe Sunday as a weekly holiday from May 10 if the government continues to ignore their demands for hiked commissions. If they carry out their threat, vehicle owners would be unable to refuel on...

All the sectoral indices, led by consumer durables and realty, were trading in positive zone with gains up to 2.20 percent.

The government is considering legislation to empower the Reserve Bank of India (RBI) in effective handling of stressed assets, in tandem with its broader plan to resolve banks' bad loans, the Economic Times reported on Tuesday, citing sources.

In a sign that former finance minister P Chidambaram’s legal troubles are mounting, the Enforcement Directorate has announced that it will investigate his and his son Karti Chidambaram’s alleged role in the controversial Aircel-Maxis deal.

Post-merger of five associate banks, the State Bank of India opened as one bank with 500 million customers and started normal operations from Monday, SBI Chairperson Arundhati Bhattacharya announced.

The local currency had closed with a mere loss of 1 paisa at 64.92 yesterday. Meanwhile, the benchmark BSE Sensex fell 72.53 points, or 0.24 per cent, to 29,574.89 in early trade.

The Goods and Services Tax (GST) proposes to do away with multiplicity of taxes by subsuming approximately 15 indirect taxes, and allow for goods and services to be taxed at the same rate.

AIBOA and AIBEA also pointed to the inconvenience caused to banks that are not sure which branches will remain open and who should attend office.

India is home to world's fourth highest number of billionaires with Reliance Industries chief Mukesh Ambani leading the club of more than 100 super rich Indians, according to a new list released by Forbes magazine.

The rupee regained its dominance after a brief consolidation phase and ended on Monday at a fresh 16-month high of 65.36 against the American currency in the face of dollar unwinding from exporters and banks.

Jaitley made the remarks while making an intervention during a debate on the demands for grants for the Defence Ministry. “Therefore, whenever we take political positions on those issues, at the end of the day, we must realise that the size of the entire...

On a weekly basis, the BSE Sensex rallied 702.76 points, or 2.42 per cent, and the Nifty 225.50 points, or 2.52 per cent, extending gains for the second straight week.