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Government named Shaktikanta Das, a seasoned financial bureaucrat, as the new governor of the Reserve Bank of India (RBI) on Tuesday, replacing Urjit Patel, whose abrupt resignation roiled financial markets. Das held key positions both under the ruling Bharatiya

CHENNAI: Although the All India Bank Employees' Association (AIBEA) had earlier demanded RBI Governor Urjit Patel's resignation, his calling it quits on Monday has left the banking body shocked and disturbed and it has termed it a "dangerous trend". "The resignation of RBI

Reserve Bank of India Governor Urjit Patel stepped down on Monday. His resignation will take effect immediately, Mr Patel said in a statement. He took charge as chief of the central bank in September 2016, replacing Raghuram Rajan, who stepped down to return to academia after a single three-year term. Mr Patel's exit from the top central bank

Fuel demand fell 1.8 per cent in November compared with the same month last year.

Consumption of fuel, a proxy for oil demand, totalled 17.27 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

Sales of

Domestic stock markets swung between gains and losses after counting of assembly election votes hinted at a Congress victory in two  BJP-ruled heartland states. At 12:06 pm, the S-P BSE Sensex traded at 34,892.43, down 67.29 points or 0.19 per cent and the Nifty50 barometer of the National

Urjit Patel resigned as governor of the Reserve Bank of India amid growing differences with the government on how to address issues ranging from problems at the country's lenders to parting with the central bank's capital.

In the latest chapter of a global debate on whether politicians are increasingly undermining the independence of central banks,

The rupee staged a late rebound after plunging 110 paise in early trade Tuesday but still ended 53 paise lower at 71.85 against the US dollar following RBI Governor Urjit Patel's shock exit coupled with the loss of the ruling BJP in key state elections. Analysts said the RBI

NEW DELHI: The vice chairman of an influential government think tank on Tuesday played down the shock resignation of Reserve Bank of India governor Urjit Patel, saying the government would do whatever is required to ensure stability.

"It is not as if the RBI is

Urjit Patel resigned as Reserve Bank of India Governor on Monday amid growing differences with the government over a range of subjects including the central bank's autonomy. "On account of personal reasons, I have

The government on Tuesday appointed former Economic Affairs Secretary Shaktikanta Das as the new Reserve Bank of India (RBI) governor, reported news agency Indo-Asian News Service (IANS). Mr Das, who retired as Economic Affairs Secretary in May 2017,

Rupee and bonds plunged following Reserve Bank of India Governor Urjit Patel's unexpected resignation after market hours on Monday shocked investors.

Concerns about likely mixed results from crucial state elections later on Tuesday also kept traders wary.

The rupee

Stock markets shed around 2 per cent to log their worst close in four weeks, as investors turned cautious a day ahead of assembly election results of five states. The Sensex nosedived 713 points to end at 34,959, while the Nifty

The exit of Urjit Patel as governor of the Reserve Bank of India (RBI) was the culmination of months of simmering tensions between the government and the central bank.

In a way, it gives the government the opportunity to do what it wants: name a new

Stock, currency and bond markets plunged in morning trade today as counting of votes cast in assembly elections in five states was underway. The shock exit of Reserve Bank of India (RBI) Governor Urjit Patel

The chief executive officer of Myntra, a unit of Walmart Inc-owned Flipkart, has resigned and a Flipkart executive has been tasked with heading the online fashion retailer, Mint newspaper reported on Monday.

Myntra CEO Ananth Narayanan's position will be abolished as Flipkart's Amar

Shaktikanta Das, a member of the Fifteenth Finance Commission, was appointed the new governor of the Reserve Bank of India (RBI) on Tuesday, news agency Reuters reported. The appointment of Mr Das as RBI governor comes after Urjit Patel

The stock markets are likely to open sharply lower on Tuesday, a day marked with the much-awaited results of assembly elections in five states. The SGX Nifty was down 169.5 points, or 1.6 per cent, at 10,348.50 on Tuesday morning. The Nifty and Sensex had

The Union Cabinet on Monday raised government contribution towards the National Pension System (NPS) to 14 per cent. The move, which will lead to higher payouts, is expected to benefit 18 lakh central

Gold prices on Tuesday rose by Rs 155 to close at Rs 32,650 per 10 gram at the bullion market due to increase in demand from local jewellers, reported news agency Press Trust of India (PTI).  Weakening rupee against the US dollar and positive global cues also aided the gain in the prices,

NEW DELHI: Eminent economist and columnist Surjit Bhalla on Tuesday said that he had resigned as part-time member of Economic Advisory Council to the Prime Minister (EAC-PM) on December 1.

"I resigned as part-time member of PMEAC on December 1," Bhalla said on social networking site Twitter.

Th

NEW DELHI: Direct tax collection grew 14.7 per cent from a year earlier to Rs 5.51 lakh crore ($77.77 billion) during April to November, the finance ministry said in a statement on Monday.

(Also Read: Filing Of Income Tax Returns Rises 50% So Far

NEW DELHI: The falling oil and gas production is a matter of concern, Oil Minister Dharmendra Pradhan said, adding the government will soon set up a gas trading hub.

Crude oil production in October dropped 5 per cent from a year earlier to about 2.89

Reserve Bank of India Governor Urjit Patel resigned for "personal reasons" on Monday, a decision analysts linked to intense government pressure on the bank to ease regulatory curbs.

The government and the RBI have been fighting for weeks over

GoAir said that it has added Kannur, Kerala, as its 24th destination. The Kannur International Airport, began operations after its inauguration on Sunday. GoAir is connecting Kannur to Bengaluru, Hyderabad and Chennai, according to goair.in. Flight

Domestic stock markets closed on a positive note on Tuesday aided by sustained buying across pharma, FMCG and IT stocks, as investors await the outcome of assembly election results. Bombay Stock Exchange (BSE) benchmark

The rupee weakened by 50 paise against the dollar on Monday, as domestic equity markets plunged amid renewed concerns on the US-China trade front. A two per cent fall in the domestic equity markets, a day ahead of key state election results,

Kotak Mahindra Bank Ltd said on Monday it had challenged in court the central bank's decision to disregard the issue of preference shares to reduce promoter stake in the private-sector lender, sending shares sharply lower. Uday Kotak, the

The government is likely to make an announcement regarding the next Reserve Bank of India governor later in the day, Finance Secretary AN Jha said.

Urjit Patel stepped down as governor of the Reserve Bank of India with immediate effect on Monday.

Mr

The Reserve Bank of India Monday denied speculation about Deputy Governor Viral Acharya also quitting his job, after Governor Urjit Patel stepped down, terming them as incorrect and baseless rumours.

"Reports of deputy governor Acharya also having

BENGALURU: Inflation is likely to have cooled to a 16-month low in November, according to a Reuters poll, as food and fuel prices fell, supporting the Reserve Bank of India (RBI)'s decision to keep interest rates on hold at a policy meeting last week