RBI has asked banks to ensure availability of all necessary infrastructural requirements at their end for providing seamless NEFT 24x7 facility to customers

Rajeev Singhal, MD, Tata Steel BSL, says that the results of financial year 2018-19 are a testimony to the overall improvement the company has been able to achieve in a short period of time

The slowdown in manufacturing activity was reflected in the decline in capacity utilisation to 68.9 per cent in Q2FY20 from 73.6 per cent in Q1, says RBI in its fifth bi-monthly monetary policy statement

Payments Banks are mandated to invest a minimum of 75 per cent of their deposits in government securities where returns are abysmally low

Saudi Aramco raises $25.6 billion in largest-ever IPOSaudi Arabia's state oil company Aramco raised $25.6 billion in its initial stock offering on Thursday. The amount raised has broken the record of Chinese online giant Alibaba's $25 billion-debut on the Wall Street in 2014. The market launch has spiked Saudi Aramco's value at $1.7 trillion. It is now way ahead of the other contenders in the trillion-dollar club.'I condemn this approach': FM Sitharaman says her onions remark take...

Traders said positive opening in domestic equities, easing crude oil prices and fresh foreign fund inflows supported the domestic currency

RBI Deputy Governor MK Jain said that they are still identifying the reasons and will look into what they can give as directions to the banks

Amid market-wide selloff, shares of YES Bank resumed selling streak on Thursday with shares falling as much as 3.56 per cent to touch an intraday low of Rs 60.80 as investors remained unconvinced over the bank's fund raising plans

MPC wants to have a greater clarity on nature of fiscal measures Modi government is planning to take in Union Budget 2020-21 next year; it also wants to see a greater transmission key lending rates

Sensex fell 102 points to 40,747, Nifty lost 30 points to 12,018 after Reserve Bank of  India (RBI) kept repo rate unchanged at 5.15%

Bank Nifty was trading 85 points higher at 32,062. Among other gainers, BSE consumer durables index gained 183 points to 25,262

The IPO of Ujjivan Small Finance Bank received bids for 2,053.5 crore shares against the issue size of 12.39 crore shares

There will be four things to watch out for in the RBI's monetary policy statement today -- GDP forecast, fiscal deficit, inflation outlook and repo rate

MPC Meet: Reserve Bank of India Governor Shaktikanta Das-headed MPC has cut interest rates on every bi-monthly meet since he joined the apex bank last December

Stocks in the news: Bharti Airtel, Ashok Leyland, IL&FS, Artson Engineering, Vaibhav Global, TTK Prestige, Canara Bank, Tata Power and other stocks will remain in focus on Thursday's trading session

Sundar Pichai to replace Larry Page as CEO of Google parent Alphabet as co-founders step asideGoogle Chief Executive Sundar Pichai will replace Larry Page as CEO of parent Alphabet Inc, extending a long retreat from public roles and active management by Page and Sergey Brin at the company they co-founded 21 years ago. Page, Brin and Pichai have all shared an emphasis on developing artificial intelligence software to make web searching and other tasks faster, while long-time produc...

At the interbank foreign exchange, the rupee opened weak at 71.76 then fell to 71.78 against the US dollar, showing a decline of 12 paise over its previous closing

The rating action comes days after India's GDP growth hit a six-and-half-year low of 4.5 per cent in the second quarter of the current fiscal

By the end of November, 279 sugar mills had started crushing operations, down from last year's 418 mills, the ISMA said in a statement

Post the debacle of PMC Bank, there was a view that RBI should nudge cooperative banks to transform into SFBs. Under the SFB guidelines, the UCBs require a net worth of Rs 50 crore and capital adequacy of 9%