Business

The Monetary Policy Committee was in favour of spurring growth in Asia's third-largest economy amid a soft inflation outlook on a sustained fall in food prices, the minutes of the February monetary policy meeting showed.

Addressing the India Korea Business Symposium here, Prime Minister Narendra Modi said India is now a more open economy and has attracted USD 250 billion foreign direct investment (FDI) in the last four years.

The rupee had closed at 71.34 versus the greenback Monday. Money markets were closed Tuesday on account of Chhatrapati Shivaji Jayanti.

Apart from the usual steps -- such as cutting down on loss-making routes, focussing on revenue management and cost optimization -- Jet Airways has come up with a resolution plan in order to continue to navigate the sky and avoid a crash landing.

In a regulatory filing on Friday, Yes Bank said it has received a letter from the RBI which noted that the Risk Assessment Report (RAR) was marked 'confidential' and it was expected that no part of the report is divulged except for the information in the...

FPIs have turned into net buyers in February so far as India is one of the promising emerging markets, analysts said, adding that sustainability of the economic growth and formation of a stable government at the Centre will play significant roles in the F...

This is one of the many collaborations between India and Singapore in the crucial skill development sector following the signing of two MoUs between NSDC and Singapore Polytechnic to establish state-of the-art Trainer and Assessor Academies across India.

The RBI conducted its first asset quality review (AQR) of banks in 2015 in order to find corporate loan accounts with severe financial weakness which were still classified as standard accounts on the books of the lenders.

Market staged a sharp recovery from the bottom, confirming support for the market at lower levels, said Sunil Sharma, chief investment officer, Sanctum Wealth Management.

In another significant development, Ratan Tata's half brother Noel Tata has been appointed as a trustee of the Sir Ratan Tata Trust, the second largest among the dozen-odd charities that make up the Tata Trusts.

At the Interbank Foreign Exchange (forex) market, the rupee opened on a strong footing at 70.48 and rose further to touch the day's high of 70.40.

Stating that the energy sector is a pivot and key enabler of growth, Modi said energy supply, sources and consumption patterns are changing. "Perhaps, this could be a historic transition."

In it sixth bi-monthly monetary policy review announced on Thursday, RBI had cut the repo rate by 25 basis points to 6.25 percent.

The full service carrier, which is grappling with acute financial problems, is working to restructure its debt as well as raise fresh funds.

According to Karvy's Annual Commodity and currency report 2019, this is expected to be a "mixed year" for the commodities and currencies market and the rupee may depreciate further on account of twin-deficits.

Punjab National Bank posted a profit of 2.47 billion rupees ($34.44 million) for the three months to Dec. 31, compared to a profit of 2.3 billion rupees a year earlier.