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The rupee has lost nearly 14 per cent so far this year.

The fall in the value of the rupee against the US dollar is moderate in comparison to emerging market peers, Reserve Bank of India (RBI) Governor Urjit Patel said on Friday. The central bank has been trying to ensure that the foreign exchange market remains liquid, he added.

"The RBI's response

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The IL-FS board will meet frequently and take all necessary steps to revive the company, said Uday Kotak

Infrastructure Leasing - Financial Services (IL-FS), a debt-burdened infrastructure financing and construction company, has appointed Vineet Nayyar as its managing director, the company's new non-executive chairman Uday Kotak told

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With the future stability of the Indian financial system on the line, executives running a giant infrastructure lender gathered at the company's glassy, modernist headquarters in Mumbai and hammered out an ambitious restructuring plan last Saturday to manage a $12.6 billion debt burden after a string of defaults.

Except that they weren't really

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INR Vs USD: On Thursday, the domestic unit plummeted by 24 paise to end at record low of 73.58 a dollar.

The Indian rupee Friday crashed below the 74-level against the US dollar for the first time ever after the Reserve Bank kept its key policy rate unchanged. The domestic currency was quoted 55 paise lower at 74.20 against the dollar soon after

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The rupee registered a new all-time low of 73.81 during Wednesday's session

The rupee closed 24 paise lower against the dollar at 73.58 on Thursday. After registering a new all-time low of 73.81 during the session, the rupee gained some ground to settle at 73.58 against the greenback for the day. Surging

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Income tax refunds: Direct tax collections include receipts under income tax and corporate tax

Direct tax collections stood at Rs. 5.47 lakh crore in the first six months of the currency financial year, the government said on Thursday. That marked a year-on-year growth of 16.7 per cent in gross collections, provisional data showed. The Ministry of

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RBI Policy: GDP growth estimate was retained at 7.4% for fiscal year ending in March 2019.

The Reserve Bank of India (RBI) on Friday kept the repo rate (key lending rate) unchanged at 6.5 per cent. Meanwhile, rupee breached the 74-mark against US dollar for the first time, hitting a new low of 74.20 against the dollar soon after the RBI announced

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Gold, silver prices today: Sovereign gold traded steady Rs 24,600 per piece of 8 gram on Thursday.

Gold prices rallied by Rs 70 to Rs 32,100 per 10 gram at the bullion market on Thursday on the back of sustained buying by local jewellers amid firm global cues, reported news agency Press Trust of India (PTI). Persistent buying by local jewellers and

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The business expectations index, which measures optimism, eased from the previous month.

Activity in India's dominant services sector eased to a four-month low in September on dwindling demand, while intensifying price pressures pointed to a bumpy road ahead, a private survey showed on Thursday.

The Nikkei/IHS Markit Services Purchasing Managers'

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Bombay Stock Exchange (BSE) oil and gas index was trading over 15 per cent lower at 10:53 am.

Mumbai: Shares in state-owned oil marketing companies slumped more than 20 per cent to multi-year lows on Friday, a day after the government announced a cut in fuel prices that is expected to hit the state and the oil marketers. The price cut sparked fears

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Share markets on Thursday: The bloodbath on bourses was triggered by continued slide in the rupee.

Domestic stock markets closed sharply lower on Thursday, as caution prevailed ahead of the outcome of the meeting of the Reserve Bank of India (RBI) due Friday. The S-P BSE Sensex slumped 806.47 points or

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The Supreme Court on Thursday allowed ArcelorMittal and NuMetal to take part in the bidding process for takeover of Essar Steel. The top court gave both the companies two weeks to clear their non-performing assets (NPAs), or bad loans.

The National Company Law Appellate Tribunal (NCLAT) had earlier ruled that NuMetal's second bid for Essar Steel

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Fuel Prices: Oil-marketing companies have absorbed cut of Re 1 per litre on petrol and diesel.

A day after central and 12 state governments announced a reduction in fuel rates, prices reduced across the metros and state capitals on Friday. Petrol was priced at Rs 81.50 per litre in Delhi, Rs 83.35 per litre in Kolkata, Rs 86.97 per litre in Mumbai

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Chanda Kochhar will also quit the boards of ICICI Bank subsidiaries.

Chanda Kochhar has quit as CEO and managing director of the ICICI Bank, the lender said on Thursday. Ms Kochhar is being investigated for charges of conflict of interest and has been on leave since June. The inquiry against Ms Kochhar in

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Follow @TheIndianSubcontinentProfit on Twitter for breaking news and more.

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The government lowered retail fuel prices, offering relief to consumers hurt by surging crude oil prices and adding pressure on one of Asia's widest budget deficits.

The central government will cut excise duty on petrol and diesel by Rs 1.5 a liter, Finance Minister Arun Jaitley said in Delhi on Thursday, a day before the inflation-targeting

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Chanda Kochhar was at the helm of affairs of ICICI Bank since May 2009.

Chanda Kochhar, who headed ICICI Bank for nine years, has quit amid an investigation against her on charges of conflict of interest, the lender said on Thursday. The resignation of Ms Kochhar came after her role was questioned in the grant of a loan of Rs 3,250 crore to the

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Share markets on Thursday: Twenty eight out of 30 Sensex stocks started the session in the red.

Domestic stock markets started Thursday's session on a negative note, with the BSE benchmark Sensex cracking over 800 points as rupee hit another low amid weak global cues and fears of widening current account deficit (CAD). At 11:46 am, the S-P BSE

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Seven cities, including Mumbai, dropped more than 10 spots from last year's housing-cost ranking.

Oh Canada! The first two words of that country's national anthem are also what many people in Toronto and Vancouver must be saying when they pay their rent or mortgage.

Toronto's costs posted the biggest jump from a year ago in the annual Bloomberg

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Petrol and diesel prices were increased marginally on Thursday.

The government on Thursday announced a reduction of Rs 2.5 per litre in prices of petrol and diesel, granting some relief to the common man from the surging fuel prices. The Centre reduced the excise duty by Rs 1.5 per litre on petrol and

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INR Vs USD: The rupee has lost as much as 13% to the dollar since the beginning of the year.

The rupee crashed to a new all-time low of 73.77 against the US dollar on Thursday, reported news agency Press Trust of India (PTI). The local currency dropped 44 paise against the US currency in the morning session

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INR Vs USD: Rupee registered a new all-time intra-day low of 73.81 on Thursday.

The rupee gained 6 paise to 73.52 against the US dollar on Friday, reported news agency Press Trust of India. Besides fresh selling of the US dollar by exporters, the greenback's weakness against some currencies overseas supported the rupee, dealers were quoted as

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Sandeep Bakhshi started his career with ICICI Ltd in 1986.

Sandeep Bakhshi will replace Chanda Kochhar as managing director and CEO of ICICI Bank, the lender said on Thursday. His appointment, subject to regulatory approvals, will be for a period of five year until October 3, 2023, the private sector banking major said in a regulatory filing. The

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Interest rates of SBI's small account are similar to that of regular savings bank accounts.

State Bank of India (SBI) offers a wide range of services under its personal banking portfolio. From a basic savings account to a fixed deposit (FD) account, the country's largest lender provides a variety of options to investors for their requirements. SBI

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RBI will release its fourth bi-monthly policy statement later in the day.

The domestic stock markets cracked on Friday ahead of the outcome of the three-day policy review meeting of the Reserve Bank of India (RBI).  By 11 am, the S-P BSE Sensex had touched a day's low of 34,760.57 and the Nifty50 of 10,445.10. The 30-share Sensex traded at

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Chanda Kochhar had requested early retirement, ICICI Bank said.

Chanda Kochhar, being investigated for alleged conflict of interest, has resigned as ICICI Bank CEO and will be replaced by Sandeep Bakhshi, the lender confirmed on Thursday. Ms Kochhar, 56, had requested early retirement, the bank said. She will relinquish office from the board of

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Petrol and diesel prices in the domestic market have touched record highs.

New Delhi: The Reserve Bank of India (RBI) Wednesday relaxed policy on borrowing from overseas to allow state-owned fuel retailers to raise up to $10 billion external debt for working capital needs. Till now oil marketing companies were not allowed to raise external

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Petrol, diesel price cut: Eleven states announced cuts in prices of petrol and diesel on Thursday.

Eleven states announced cuts in prices of petrol and diesel on Thursday after the central government slashed excise duty on fuel. Earlier in the day, Finance Minister Arun Jaitley announced an excise duty cut of Rs 1.5 per litre on petrol and diesel.

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A 25 basis point repo rate hike to 6.75 percent would mean a 75 basis point rise since June.

The Reserve Bank of India (RBI) is expected to raise rates for a third time since June on Friday to combat inflationary pressures as it grapples with a weakening rupee, surging oil prices and market instability sparked by a major non-bank finance firm's

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The government on Monday replaced the board of IL-FS.

New Delhi/Mumbai: Government's move to take control of debt-laden Infrastructure Leasing and Financial Services (IL-FS) will only succeed if lenders agree to take substantial losses, government sources familiar with the discussions told Reuters. The government on Monday replaced the

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