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BusinessToday.In
New Delhi, September 21, 2018
New jobs rise to 11-month high of 9.51 lakh in JulyNew job creations in July rose to an 11-month high of 9.51 lakh, taking the total tally of new enrolments to 61.81 lakh since September 2017, according to the EPFO's payroll data. Job addition numbers, which are based on new members enrolled in various social security schemes of EPFO such as pension, PF and insurance, were 9,51,423 in July -- the highest in any month since September 2017 when the retirement fund body started rel...


PTI
September 20, 2018
Oil refiners such as state-owned Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals Ltd (MRPL) could use UCO Bank or IDBI Bank to route oil payments to Iran.


Mudit Kapoor
New Delhi, September 20, 2018
The forex reserves have been declining in the past few weeks as the Reserve Bank is selling the US dollar to contain rupee depreciation


BusinessToday.In
New Delhi, September 20, 2018
Dimon said that India's world beating economic growth as well as critical reforms such as GST and the first step in bank mergers are advantages that far outweigh fears arising out of macroeconomic imbalances and a sliding currency


Reuters
New Delhi, September 20, 2018
India may raise import duties on components used in mobile handsets, most of them imported from China, as one of the measures.


BusinessToday.In
New Delhi, September 20, 2018
Air India is just about managing to stay afloat on the Rs 30,000 crore bailout package extended by the previous UPA regime in 2012 for a decade.


BusinessToday.In
New Delhi, September 20, 2018
Income tax officials inspect books of Jet Airways in Mumbai, Delhi officesThe Income Tax Department on Wednesday swooped down on the premises of Jet Airways in Mumbai and Delhi to carry out an inspection of the books of the crisis-ridden airline for alleged falsification of accounts and siphoning of funds. As many as 50 tax officials are reported to have been pressed into action for the survey operation under Section 133A of the Income Tax Act at the Naresh Goyal-led airline's And...


BusinessToday.In
New Delhi, September 20, 2018
Out of the 10 appointments, 5 are from the country's biggest lender, State Bank of India.


PTI
September 19, 2018
Following a review of the economy by Prime Minister Narendra Modi last week, the government announced an array of measures to check the decline of rupee and curb the widening current account deficit (CAD).


PB Jayakumar
New Delhi, September 19, 2018
India's apex drugs regulator, the Central Drugs Standard Control Organization (CDSCO) is all set for a makeover with a new name and logo.


PTI
New Delhi, September 19, 2018
The debts incurred by IL&FS in the form of bank loans accounted for around 0.5-0.7 per cent of overall banking system loans as on March 31, 2018.


Reuters
Mumbai, September 19, 2018
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.


Reuters
New Delhi, September 19, 2018
India's steel imports totaled $6.5 billion in 2017/18, according to official data.


PTI
New Delhi, September 18, 2018
Daiichi Sankyo, which has filed an intervention application in the insolvency plea filed by HDFC Bank, said they have a decree to recover money against RHC Holding.


BusinessToday.In
September 18, 2018
Continuing its intermittent fall against the US dollar, the Indian rupee dived to another all-time low of 72.98 on Tuesday. The currency has lost over 13 per cent in value against the greenback since the beginning of the year.


BusinessToday.In
September 18, 2018
The rupee fell 46 paise to close at 72.97 level, its lowest ever against the US dollar in trade today which dampened market sentiment. The Indian currency had closed at 72.51 to the dollar on Monday. Led by the sharp fall in stocks, the market capitalisation (m-cap) of BSE-listed companies plunged by Rs 2,72,549.15 crore to Rs 1,53,64,470 crore since Friday.


BusinessToday.In
September 18, 2018
The stock closed 17.04% or 23 points lower on the NSE.  On the BSE, the stock closed 16.03%  or 21 points lower at 113 level. The market capitalisation of the stock fell by Rs 5,727 crore to Rs 30,013 crore on the BSE.


BusinessToday.In
New Delhi, September 18, 2018
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 ...


BusinessToday.In
September 17, 2018
The merged entity or amalgamated bank would be India's third largest.


BusinessToday.In
September 17, 2018
After rallying for two sessions, the Sensex and Nifty closed over 1% lower on Monday as worries about global trade war and prevailing rupee crisis dampened investors mood despite the government announcing steps to stem a steep fall in the Indian currency.While the Sensex fell 505 points or 1.33% to 37,585 level, the Nifty lost 137 points or 1.19% to 11,377 level. Subdued Asian and European markets due to escalating trade war between the US and China mainly led to a caution on do...


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