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Troubled private sector lender Lakshmi Vilas Bank (LVB) said on Tuesday that Sundaram Shankar, General Manager at the Reserve Bank of India (RBI) Hyderabad regional office, has been appointed as additional director on the board for a period of two years.

He

Indicating some recovery in the aviation sector due to the tourist season, the domestic air passenger traffic this October increased 3.98 per cent compared to the corresponding period last year, according to data released by aviation regulator Directorate General of Civil Aviation (DGCA) on Monday.

In September this year, the domestic

Emirates Airline said Monday it will buy 50 Airbus 350-900 aircraft in a deal worth $16 billion, with delivery to begin from May 2023.

"I am happy to announce we are purchasing 50 Airbus 350 for $16 billion," the carrier's chairman and CEO Sheikh Ahmed bin Saeed Al-Maktoum told reporters at the Dubai Airshow.

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Wealth planners often stress on the need to maintain a healthy CIBIL score for securing a loan. But what is CIBIL score and why is it essential to focus on the CIBIL score for one's credit profile? CIBIL score reflects the creditworthiness of an individual, which is maintained by TransUnion CIBIL. Simply put, the organisation rates an individual's

India's oil imports from the Organization of the Petroleum Exporting Countries (OPEC) fell to 73 per cent in October, their lowest monthly share since at least 2011, tanker data from sources showed, as refiners shipped in fuel from the United States and other suppliers.

India, which usually imports about 80 per cent of its needs from

The S-P BSE Sensex and NSE Nifty 50 index ended marginally lower in trade on Monday on the back of losses in HDFC Bank, Reliance Industries, Tata Consultancy Services, Larsen - Toubro and Asian Paints. However, gains in Bharti Airtel, HDFC, Infosys, Axis Bank and Tata Steel helped in capping the downside for the benchmarks. The Sensex

The government has made it mandatory for vehicles plying on National Highways to carry a FASTag to ensure seamless traffic and prevent congestion at toll plazas. The government had earlier said it has decided to declare all lanes at toll fee

Vodafone Idea and Bharti Airtel said on Monday that they will increase their tariffs from December 1. The development comes days after both the companies posted record losses in the September quarter. "The telecom sector is highly capital intensive

The government is looking to lower advance payments and offer larger mining blocks to attract global companies to invest in its coal sector for the first time, but industry sources say the measures may not be enough to draw in big international miners.

Telecom heavyweights, Bharti Airtel has zoomed by 5.7% at Rs 432 and Vodafone Idea has spiked by 21.2% on the BSE after these companies announced plans to hike mobile phone calls and data tariffs from December 1. This would be the first price hike in more than a decade as telecom companies have been suppressing prices in order to remain

The Supreme Court on Monday stayed an order of the Securities Appellate Tribunal (SAT) which had held that market watchdog Sebi does not have the power to bar auditors.

A bench comprising Justices Arun Mishra and Indira Banerjee also issued notice on the appeal filed by the Securities and Exchange Board of India (Sebi) against the SAT's

Government has given 'in-principle' approval for the sale of strategic stakes in 28 state-run companies including state carrier Air India, junior finance minister Anurag Singh Thakur told lawmakers on Monday.

The government has so far raised Rs

WeWork could lay off thousands of employees as the company tries to recover from a disastrous attempt to go public.

About 4,000 employees could leave WeWork through a combination of layoffs, divestitures of the company's ancillary businesses and transfers to a contractor, according to a person familiar with the matter. That means WeWork could lose

India has depended on monetary policy to support its economy growing at its slowest pace in six years but the government must now deploy more direct fiscal stimulus or risk a long period of stagnation, analysts and experts say.

Growth in

Airbus and Boeing fought to save billions of dollars of jet deals on Sunday as host airline Emirates kept the Dubai Airshow in suspense over dozens of tentative orders designed to fine-tune the world's largest international airline network. The

The rupee opened on a cautious note and fell by 16 paise to 72 per US dollar in early trade on Tuesday amid rising demand for the US dollar vis-a-vis other currencies overseas and unabated foreign fund outflows.

Forex traders said trading in emerging market currencies were subdued tracking cautious opening in domestic equities.

At the

Vodafone Idea Ltd (VIL) on Monday said that it will "suitably increase the prices of its tariffs" from December 1.

"The acute financial stress in the telecom sector has been acknowledged by all stakeholders and a high level Committee of

Domestic stock markets have retraced their mid-morning losses amid a flat opening in their European counterparts. The S-P BSE Sensex index is at 11300, down 53 points and the broader NSE Nifty benchmark is at 11,893, down 2

Telecom majors Vodafone Idea and Bharti Airtel on Monday announced they will increase their tariffs from next month. In separate statements, the companies said they will increase their tariffs for telecom services

An income tax return (ITR) enables an assessee to report the details of income earned in a financial year to the taxman. The Income Tax Department has provided an independent website, www.incometaxindiaefiling.gov.in, for e-filing the income tax

Soon after taking over as RBI governor almost a year ago, Shaktikanta Das decorated his 18th floor office overlooking the Arabian Sea with two statues of Lord Jagannath, a form of the Hindu god Vishnu.

Revered in Mr Das's native Odisha state, Jagannath is

The health of shadow banks remained weak last month as a credit crisis continued to sting.

Among four indicators compiled by Bloomberg News covering areas including liquidity and share performance, three were stuck in the same position as the

Tata Steel plans to cut jobs across its European operations as it wrestles with excess supply and high costs, the company said on Monday. Following a weekend interview in the Financial Times with the group's European chief executive, Henrik Adam, Tata

Domestic stock markets started Monday's session on a positive note amid gains in Asian peers. The S-P BSE Sensex index rose as much as 185.71 points to touch 40,542.40 in the first few minutes of trade, and the broader NSE Nifty benchmark climbed to as high as 11,946.15, up 50.7 points from the previous close. Gains across sectors - led by

Domestic stock markets started Tuesday's session with mild gains amid lackluster trade in Asian peers. The S-P BSE Sensex index rose as much as 107.65 points to touch 40,391.84 in the first few minutes of trade, and the broader NSE Nifty benchmark climbed above the 11,900 mark. Gains in auto and pharma shares outweighed losses in metal and

Replacing all Pratt - Whitney engines on IndiGo's fleet of almost 100 Airbus planes by January 31, as ordered by the aviation watchdog, will be challenging but the airline aims to complete the work, its chief executive officer said on Monday. Aviation regulator on November 1 ordered IndiGo to replace all Pratt - Whitney (P-W) engines

The upward trend in petrol rates continued on the fifth consecutive day on Monday, while the diesel prices remained constant for the sixth day in continuation.

The prices have been affected by the rise in the crude oil rates in the international market. Though on Monday, the petrol rates in the international market remained unchanged,

Domestic stock markets are likely to start Tuesday's session on a lower note amid a lacklustre trend in Asian peers. At 8:39 am, the Singapore Exchange (SGX) Nifty futures - an early indicator of the National Stock Exchange (NSE) Nifty index in India - traded 13.00 points - or 0.11 per cent - lower at 11,910.00, after sliding to as low a

The Goods and Services Tax or GST which was implemented in July 2017 subsumed all the central excise duties and local levies. GST is a destination based tax on consumption of goods and services. It is proposed to be levied at all stages right from

Reserve Bank of India (RBI) chief Shaktikanta Das called for stronger corporate governance at state-run lenders to make the country's banking sector more efficient.

Describing the lack of strict governance as the "elephant in the room," Mr Das