In the reporting week, foreign currency assets, which are a major component of the overall reserves, rose by USD 646.4 million to USD 386.762 billion

Even if the stake sale does not go through and the grounded Jet Airways gets dragged to bankruptcy court, experts say that its lenders may have to settle for a 50-60% haircut. 

It is theoretically possible for (defaulting) promoters to challenge proceedings under banned February 12 circular if the same had been admitted by the NCLT

The Bombay High Court refused to intervene in the Jet Airways crisis, saying it cannot direct the government and the Reserve Bank of India to rescue a sick company

Deputy Governor Viral Acharya had favoured status quo in the repo rate, arguing that the RBI should wait for \"some more time\" for additional data before taking call on rate cut.

BSNL, which has improved its network latency by 18 per cent, still lagged behind competitors with about 94-millisecond latency, according to the study

The funds in the account will meanwhile remain frozen as part of the worldwide freezing order in favour of the Indian banks last year

According to the notice, financial creditors will not only receive the entire principal amount but also a significant part of interest

These borrowings are estimated to have accounted for 0.34 per cent of GDP for FY19 as compared to 0.09 per cent of GDP for FY18

IndiGo and GoAir, which have Pratt & Whitney-powered Airbus A320 Neo planes, have been facing problems with these engines, manufactured by the US firm, since their induction three years ago

The RBI will issue Rs 50 denomination banknotes in Mahatma Gandhi new series bearing the signature of Das

The entry of a dozen small finance banks is changing the lending landscape with technology and innovative products.