Business

As per RBI guidelines, Uday Kotak needs to dilute his stake to below 20 percent by December 2018. Kotak Mahindra Bank declined to comment for the story. A response from Berkshire Hathaway is awaited.

President Donald Trump in a tweet had hoped that OPEC will keep oil flowing and not take decisions that would lead to higher oil prices.

In its Global Economic Outlook, Fitch said it expects inflation to edge up mildly in the coming months, on normalising food prices and higher import prices stemming from the depreciation of the rupee.

The Gurugram-based largest domestic budget carrier by market share, does not have a full-time chief executive since the exit of then incumbent Aditya Ghosh, who parted ways with the carrier in April.

A drop in output could lift local wheat prices and force the world's second-biggest producer to reduce import taxes on the grain to augment supply.

The overall subdued trend on the domestic bourses was a result of weakening rupee, which depreciated by a massive 73 paise to 70.31 (intra-day) against the US dollar as concerns related to higher crude oil impacting India's current account deficit resurfa...

The loss-making private carrier has been defaulting on salary disbursement to its senior management along with pilots and engineer since August due to severe cash crunch.

The messaging app, which has drawn fire from the government over spread of fake messages on its platform, continues to wait for a regulatory clearance to launch full-fledged payments operations in India.

The rupee had vaulted 77 paise to a three-month high of 69.85 per US dollar on Thursday. Traders said sustained foreign fund inflows, easing crude oil prices and a smart recovery in domestic equity markets also aided the domestic currency.

The two companies and Nissan-controlled Mitsubishi Motors "emphatically reiterated" their commitment to the alliance, as executives met in Amsterdam for the first time since Ghosn's Nov 19 arrest over misconduct allegations.

Defending the revision in GDP growth rates for most of the 10-year UPA rule, Sanjeev Sanyal, Principal Economic Adviser in the Ministry of Finance, said the basis for the revision was use of internationally accepted standards.

Foreign Secretary Vijay Gokhale said Prime Minister Narendra Modi will raise the issue of volatility in global oil prices at the G20 Summit in Argentina.

The US has alleged that India was providing substantial market price support for cotton well in excess of India's WTO spending limits.

Jaypee Infratech's Interim Resolution Professional (IRP) Anuj Jain had in October began a fresh initiative to revive Jaypee Infratech on NCLT's direction after lenders rejected over Rs 7,000 crore bid of Suraksha group.

It wasn't immediately clear whether it had come to any conclusions in a dispute with the government over easing liquidity for the financial sector and increasing credit to small businesses.

Adhia’s retirement date was confirmed on Saturday by Finance Minister Arun Jaitley, who also thanked the former for his contribution in bringing reforms such as the GST.