Business

Besides, industrial production contracting to a four-month low of 0.4 per cent in December too weighed on the rupee.

Demonetisation has negatively impacted the performance of Indian auto asset backed loans in the short term and the effect will last until March, Moody's Investors Service on Monday said.

Government on Saturday extended the window for assessees receiving SMS or e-mail queries from the income tax department on cash deposits post demonetisation by 5 days to February 15.

March 13 may be more than a month away, but it will be an eagerly awaited date. Cash withdrawal limits from ATMs will finally be lifted on that date. Oh, and the RBI on Wednesday kept its benchmark interest rate unchanged.

To reduce the burden of fertiliser subsidy backlogs, a special banking arrangement of Rs 10,000 crore has been approved in this Budget, Union minister Ananth Kumar told media persons on Monday.

Bombay Stock Exchange (BSE) created history on Friday as its shares listed at Rs 1089 per share on the National Stock Exchange (NSE), up 35 percent over its issue price of Rs 806.

Looking good for the seventh session, the rupee advanced another 5 paise to 67.42 against the dollar in early trade on Thursday as there was no let-up in the selling of the American currency by exporters and banks.

Indian industry stakeholders have hailed the Union Budget 2017-18, especially the measures announced by Finance Minister Arun Jaitley for infrastructure push, affordable housing and expansion of the BharatNet project.

Amid government's push on digital transactions, Finance Minister Arun Jaitley on Wednesday announced setting up of a Computer Emergency Response Team to strengthen security of the financial sector amid increasing incidents of cyber frauds.

Political parties can receive in cash reduced from Rs 20,000 to Rs 2,000

Budget 2017 marks the mid-point of the NDA government’s term and will be one of the most crucial presented by Finance Minister Arun Jaitley.

The rupee gave up 5 paise to trade 68.08 against the US dollar in early session on Monday, snapping its 3-day winning run, owing to month-end demand for the American currency from importers amid a lower opening in the stock market.

Government has initiated talks with mobile wallet players and insurance companies to work out a mechanism to enable an insurance framework for electronic wallet transactions.

Country's second biggest private lender HDFC Bank has rationalised its staff by 4,581 employees in a single quarter courtesy efficiencies in the system and lower hiring.

Budget 2017 is a few days away and investors are hoping for stability and predictability when Finance Minister Arun Jaitley unveils his tax proposals.

The transaction will help expand Ant Financial's business following its partnering with Paytm in India and Ascend Money in Thailand, it said.