The rupee opened higher at 72.71 against its record closing low of 72.98 Tuesday and touched a session high of 72.34 in day trade as crude oil prices eased globally.

Bank of Baroda, Dena Bank and Vijaya Bank to merge; govt promises to protect employees' interestsMoving ahead with consolidation of public sector banks, Finance Minister Arun Jaitley on Monday announced the merger of Bank of Baroda, Vijaya Bank and Dena Bank. The merged entity would be India's third largest. There will be no adverse impact on employees of merged entity, the Finance Minister added. Department of Financial Services Secretary Rajeev Kumar said that the new bank will ...

PM Modi's cash-in-hand dropped by a whopping 67 per cent to Rs 48,944 as of March 31 this year from around Rs 1,50,000 in the previous year.

The drop in value of rupee and spike in international crude oil prices may force the government to curb imports of non-essential commodities including gold.

Over the next few years, a number of entrepreneurs, who had shot to prominence over the past decade and a half, will either have lost their entire businesses or will see their empires shrink dramatically in size, after losing many of their companies.

The SC order will also buy the stressed shipping and sugar companies, which had approached the top court against the order, some more time.

World's largest steel producer ArcelorMittal on Monday offered Rs 42,000 crore to acquire Essar Steel Ltd, upstaging a Rs 37,000 crore bid by Russia's VTB Group-backed Numetal.

Vijayalakshmi Das once hand-held the microfinance institutions. Now, she is doing the same with farmer collectives and churning out women entrepreneurs.

Payments banks can only accept deposits of up to Rs 1 lakh per customer in a savings/current account.

Advanced technologies like AI and machine learning not only reduce the chances of error -- thereby improving efficiency -- but also go beyond human intelligence to offer solutions in areas such as e-commerce, fintech, healthcare, and education.

The pay gap between female and male employees not only exists but also increases as they advance in their careers. What can be done to reverse the trend?

Zarin Daruwala is well on the path of de-risking the business model of one of the largest foreign banks in India.

The strong buying activity by DIIs has helped market scale all-time highs this fiscal. But when it comes to Indian markets, contribution of FIIs cannot be ruled out.

If the bank issues about $17 billion of new stock to back an acquisition, that would effectively dilute the Uday Kotak's holding below the RBI's 20 per cent target.

As per the RBI's February-12 circular, the over 70 defaulting companies had been given six months starting from March, following which financial creditors were supposed to move the NCLT against them.

While the Sensex hit an all-time high of 38,610 rising 358 points from its previous close of 38,251, Nifty gained 101 pts to record 11,659 level intra day. Meanwhile, the rupee gained in the opening trade. The currency opened higher by 15 paise at 69.76 per dollar versus close of 69.91 on Friday.

Samsung launched the A8 Star, a premium mid-range device last week. The device is now available to buy in India. Being a Samsung device, the Galaxy A8 Star will be available across online and offline retail outlets.

Punjab National Bank (PNB) today said a Department of Financial Services report has rated it as number one state-owned bank in terms of digital transactions.

State-of-the-art Train 18 to replace Shatabdi Express soonAs part of the Railways' plan to increase the speeds of all long-distance passenger trains by 25 km per hour by 2022, it has decided to replace the Shatabdi Express trains with much-awaited semi-high speed 'Train 18'. These trains will be loaded with state-of-the-art amenities and will be used for inter-city travel. The trains are being built under the Make in India initiative at the Integral Coach Factory (ICF) in Chenna...

For the \"face of the industry\" to change, J.C. Sharma, the Vice Chairman and Managing Director of Sobha Limited, has a list of asks from regulators and the government.