Business

Assembly election results this week will decide the stock market fortunes in coming days and exit poll findings on March 9 may set the ball rolling either way, say experts.

The Finance Ministry has refused to disclose whether its boss Arun Jaitley was consulted before the announcement of demonetisation by Prime Minister Narendra Modi on November 8, 2016.

The rupee turned shaky after a brief overnight recovery and ended lower by 11 paise at 66.81 against the US dollar on fresh demand for the American currency from banks and importers.

The government is expected to soon announce relaxations in the foreign direct investment (FDI) policy in certain sectors, including single brand retail.

Banks, including HDFC Bank, ICICI Bank and Axis Bank, on Wednesday began charging a minimum amount of Rs 150 per transaction for cash deposits and withdrawals beyond four free transactions in a month.

The country's fiscal deficit in the first 10 months to January was 5.64 trillion rupees ($84.56 billion) or 105.7 percent of the budgeted target for the fiscal year ending in March 2017, government data showed on Tuesday.

Outgoing Sebi chief U K Sinha on Monday said the regulator has been justly "harsh" with those threatening the integrity of capital markets and he doesn't feel shy about saying that.

Mukesh Ambani on Tuesday announced a new scheme, Jio prime Membership Program. Here is everything you need to know.

Housing sales fell by 31 percent while launches dipped 40 percent in eight major cities during the December quarter, over previous three months, due to market uncertainty post-demonetisation, says a report.

HDFC Bank chief Aditya Puri on Friday said such companies which hold on to customers through cash-backs are loss-making and have "no future".

For the second day, the Sensex broke free Friday, shooting up nearly 425 points, and the Nifty wrested back control of the 8,800-mark in early session on substantial gains across the spectrum, driven by increased foreign capital inflows.

Nine lakh accounts of 18 lakh scrutinised by the I-T Department under Operation Clean Money put in 'doubtful' category.

The Budget is positive for the medium-term inflation outlook which may lead to a 25 bps rate cut at the monetary policy meet next week, but RBI is expected to keep it on hold for the whole of 2017, says a report.

The Tata group has been in talks with German major ThyssenKrupp for a potential merger, which is also predicated on a solution to the pension scheme.

Finance Minister Arun Jaitley on Friday put up a spirited defence of demonetisation, saying the drive "shook" the financial system for a short while, but will integrate the shadow economy with the formal in the long run and ensure better tax compliance.

Cracking the whip, regulator Sebi on Wednesday barred beleaguered businessman Vijay Mallya and six others from the securities market in a case related to alleged fund diversions from United Spirits Ltd.