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.

The country's largest lender State Bank of India on Thursday said it is not in a position to acquire more banks at the moment as it needs 2-3 years to see gains from the consolidation effected last year.

From 55 to 67 years, the retirement age varies across countries. Watch BusinessToday.In video on the nations with five highest and five lowest retirement ages.

The forex reserves have been declining in the past few weeks as the Reserve Bank is selling the US dollar to contain rupee depreciation

Rana Kapoor to retire as Yes Bank MD and CEO by January 2019; Samara-Amazon bags Aditya Birla Group's retail chain; Gujarat Assembly increases MLAs' salary by at least Rs 45,000; and Alibaba's Jack Ma warns US-China trade war could drag for 20 years. Watch more in this episode of Business Wrap.

In July, China cut import tariffs on almost 1,500 consumer products ranging from cosmetics to home appliances as part of efforts to open up its economy, the world's second biggest.

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

Global private equity major Kohlberg Kravis Roberts & Co LP (KKR) along with Mumbai-headquartered Radiant will buy 49.70 per cent stake in Max Healthcare from South Africa-based Life Healthcare Group Holdings for about Rs 2,120 crore.

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

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.

Nokia's Android One device is placed in the mid-range segment. The Nokia 6.1 Plus also comes with a premium glass sandwich design which helps it stand out from the mid-range crowd.

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...

The Danish bank detailed compliance and control failings amid growing calls for a European Union crackdown on financial crime after a series of money laundering scandals which have attracted the attention of USauthorities.

Rana Kapoor, who co-founded the bank with Ashok Kapoor in 2004, established the private bank's credentials and led it to rise above expectations. Its shares have seen a 25-fold rise in the past 13 years and have generated compound annual growth return of around 28 per cent.

Out of the 10 appointments, 5 are from the country's biggest lender, State Bank of India.

In FY 2012, the bank had, by allegedly flouting its own lending norms, extended a Rs 3,250 crore loan to the Videocon group, which has since turned dud for the bank.

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).

In June this year, Yes Bank shareholders had approved Kapoor's re-appointment as the MD and CEO of the bank, subject to RBI's approval.

After the rupee plunged to new lows against the dollar, having depreciated to close to 73, the government has finally acted by announcing a slew of measures to prop up the currency.

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