Business

On Thursday, the rupee staged an impressive recovery from its five-month low towards the fag-end and closed higher by 5 paise to close at 65.26 against the US dollar.

The 30-share Sensex was trading higher by 130.31 points, or 0.38 per cent, at 33,918.85, with all the sectoral indices rising up to 1.80 per cent.

Christian Sewing, a German national, will replace John Cryan, a Briton, as the bank seeks to strengthen its brand in its home market.

The Delhi Electricity Regulatory Commission, the power regulator for the national capital, has issued a detailed order on allocation of power among the discoms -- Tata Power Delhi Distribution Limited (TPDDL), BSES Yamuna Power Limited (BYPL) and BSES Raj...

All India Gems & Jewellery Domestic Council chairman Nitin Khandelwal said the market sentiment is improving and the council is expecting an increase in demand for gold jewellery due to forthcoming marriage season.

The board had also reviewed the bank's internal processes for credit approval and found them robust, the private sector lender had said in a statement.

Government fixes every quarter interest rates of small savings schemes like PPF, NSC, senior citizen savings scheme and Sukanya Samriddhi Scheme.

The government and the Reserve Bank of India are also considering a plan to raise the foreign investment limit in government bonds.

Meanwhile, the NSE Nifty rose 61.10 points, or 0.60 per cent, to 10,185.45.

Nilekani, who contested the last Lok Sabha polls on a Congress ticket, said banks were nationalised over five decades ago because they were focusing only on big industries and ignoring smaller ones. The 21 state-run banks had suffered reverses because of...

The News18 Rising India Summit brought together thinkers and scholars from around the world, global statesmen, high achievers in every field of endeavour and, above all, well-wishers of India.

Mukund Rajan, 49, Chief Ethics Officer, has conveyed personal reasons for his decision to leave Tata Sons and has indicated he will be evaluating certain entrepreneurial pursuits in the coming months.

Speaking at the News18 Rising India Summit in New Delhi on Friday, the founding chairman of Vedanta Resources said the government can hold say 30% of the shares and the rest can be run by private CEOs.

The RBI said the decision to discontinue the practice of LoUs and Letters of Comfort (LoCs) for trade finance comes into force with immediate effect.

A 7.5 per cent growth in industrial output in January and selling of the American currency by exporters supported the rupee, forex dealers said.

After Axis Bank, HDFC Bank and Tata Motors, Bata India is the fourth company related to whom the regulator has passed an order in the high-profile case of leakage of sensitive financial details prior to formal announcement of quarterly results.