India may raise import duties on components used in mobile handsets, most of them imported from China, as one of the measures.

The government's latest measures to support the rupee announced last week were particularly underwhelming for market participants who have since increased bearish positioning on the currency.

These three state-run banks would work on strict timeline and necessary regulatory process is expected to be over by the end of 2018-19, sources said.

The BJP-led NDA government probably had the right intention when they knocked on the doors of Ravi Venkatesan, former chairman of Microsoft India and P S Jayakumar, an ex-citibanker turned entrepreneur, for helping them in conducting an experiment of sorts with Bank of Baroda.

The auction on Monday raised about $1.6 million, government official Mohammad Asif told local Geo TV. That is just one-tenth of the amount PM Imran Khan had predicted, and only 61 of just over 100 vehicles were sold.

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 ...

The first wave of import curbs will include items like luxury cars, high-end mobiles, steel, aluminum, electronic items and furniture. Other items added to the list are dry fruits and imported fruits like almonds, and alcoholic beverages.

Dena Bank was on RBI's Prompt Corrective Action (PCA) list and other two banks have the strength to subsume a weaker bank, Finance Minister Arun Jaitley said on Monday. 

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 merged entity or amalgamated bank would be India's third largest.

If govt allows, I can sell petrol, diesel for Rs 35-40 per litre, says Baba RamdevAs petrol and diesel prices continue to break records every day, yoga guru Baba Ramdev has said if the government allows, he can sell petrol and diesel for just Rs 35-40 per litre. He also called for bringing petrol and diesel under the lowest slab of the uniform Goods and Services Tax (GST), and not the 28 per cent rate, as people's \"pockets are being emptied\". Raising questions over the governmen...

Besides, plans are on the anvil for selling the headquarter building of Air India in the national capital as well as various other land assets and buildings of the airline in different parts of the country.

Besides, plans are on the anvil for selling the headquarter building of Air India in the national capital as well as various other land assets and buildings of the airline in different parts of the country.

Besides, SEBI is expected to deliberate on a proposal on doing away with the requirement of one per cent security deposits for public issuance of debt securities.

The government is determined to keep fiscal deficit at 3.3 per cent of GDP on the back of buoyant tax revenues and expectations of surpassing the disinvestment target.

Finance Minister Arun Jaitley said that external factors like policies adopted by the United States, trade tensions and skyrocketing crude oil prices are impacting economies like India, despite \"strong fundamentals\".

Mallya kept borrowing more and more to keep KFA flying - putting up his shares and other assets as collateral to keep getting loans from banks.

All sectoral indices ended in the green, led by realty, power, consumer durables and metals. Brokers said sentiment was bullish on continuous recovery in the rupee amid reports that the government may announce steps to prop up the domestic unit.

The decision comes right ahead of the festive season in India when buyers show interest in consumer durables.

\"This is a clear-cut case of collusion. There is some deal between them (Jaitley and Mallya). FM Arun Jaitley must resign and this should be investigated,\" says Rahul.