Business

Kanungo, who will retain his currency management portfolio, would become the sixth member of the RBI's Monetary Policy Committee, which will next convene on August 5-7.

RIL’s traditional oil refining and petrochemical business witnessed some margin pressures, but opening more retail stores and adding 24.6 million subscribers to its Jio mobile phone service helped increase the company’s profitability.

The Delhi government has also been asked to "exhort traders and logistic providers to increase the supply of tomatoes to the mandis to ensure immediate control of price rise.

State governments had loans worth 69.94 billion rupees from the RBI in the week ended July 12, compared with 55.66 billion rupees in the previous week, RBI weekly statistical release said.

The investigator observed multiple bags of manufacturing documents awaiting shredding and a blue binder including the records of batches of drugs produced for the US market in a 55-gallon drum in the scrapyard.

DCB Bank’s profit grew by a lower-than-expected 17% to Rs 81.1 crore during the June quarter, while net interest income increased 11.7% to Rs 304.8 crore compared with a year ago.

IndiGo is the largest airline in India, accounting for almost 40% passenger share and operating the largest fleet of aircraft.

RBI's counsel senior advocate Shyam Mehta had earlier told a bench of Bombay High Court that RBI had constituted a four-member expert committee in February to develop such software.

The retail inflation based on the Consumer Price Indiex (CPI) stood at 3.05 per cent in May and 4.92 per cent in June 2018. The retail inflation is on the rise since January this year.

Indian stocks opened higher in trade on Thursday on strong Asian markets. At 10:44 am, the S&P BSE Sensex rose 150.57 points, or 0.39%, to 38,707.61, while the Nifty 50 index was up 48.75 points, or 0.42%, to 11,547.65.

The domestic unit opened on a firm footing at 68.31 but soon pared some gains to trade at 68.33, up 25 paise over its previous close.

Minister of State for External Affairs V Muraleedhran said in written reply to a Lok Sabha question on Wednesday that India will start receiving information on automatic basis from September about financial accounts held in Switzerland by Indian residents...

Underscoring the drive into high-margin businesses, IBM in October agreed to buy Red Hat, the company’s biggest acquisition in its more than 100-year history.

The selling price of Rs 2000 note was Rs 3.53 apiece in 2018-19. It declined 65 paise from Rs 4.18 apiece in 2017-18.

In its quarterly update released on Monday, Titan said that Q1 growth in the jewellery segment stood at a lower-than-expected 13% as sharp increase in gold prices dented consumer demand significantly in June.

As per latest depositories data, FPIs withdrew a net amount of Rs 3,710.21 crore from equities but invested Rs 3,234.65 crore in the debt segment during July 1- 5, resulting in a net outflow of Rs 475.56 crore.