Business

Dealers said the strength in the rupee was also supported by increased selling of dollars by exporters and the American currency's weakness against some currencies overseas.

Walmart Inc, which had acquired the online retailer less than six months ago, said it has accepted Bansal’s resignation because it had found a lack of transparency in how Binny responded to the situation.

GST had 'disruptionist' impact on economic growth only for two quarters, the finance minister said.

Tensions between the RBI and the government have recently escalated, with the Finance Ministry initiating discussion under the never-used-before Section 7 of the RBI Act which empowers the government to issue directions to the RBI Governor.

A 14.2-kg subsidised LPG cylinder in Delhi will now cost Rs 507.42 as against Rs 505.34 previously, according to a price notification of state-owned fuel retailers.

Though the RBI board predicted the decision could have "a short-term negative effect on the GDP for the current year", it also termed the overall move as "commendable".

On the festival of Diwali, the special trading session is held by the NSE and BSE for an approximately an hour. This year muhurat trading will be held between 5 pm and 6:40 pm. The Muhurat session has been going on since trading started on both BSE in 195...

Rajan said the ongoing rift between the finance ministry and the RBI can be resolved if both sides respect each other's intent.

Gold strengthened for the sixth straight week and gathered more ground to hit almost six-year high of Rs 32,780 and ended at Rs 32,650 per 10 gram.

The chief minister added that the state would provide space for Chinese firms to set up industrial clusters and that foreign investors would be given all cooperation in order to attract more investment in Maharashtra.

The third largest private sector lender had reported a huge dip in net profit at Rs 432 crore in the year-ago period on a jump in bad assets.

The rupee firmed up 1.33 per cent to a five-week high of 72.495 against the dollar, as oil prices slipped further and headed for a weekly loss of more than 6 per cent.

Finance Ministry and RBI are said to have differed on the central bank's handling of weak public sector banks, tight liquidity in the market and ways of resolving bad loans in the power sector.

Further, the government will have an option to retain an over-subscription of an additional 6 per cent stake in the company, which will take the total stake on offer to 9 per cent, Coal India Ltd (CIL) said in a NSE filing.

The 30-share Sensex, which lost 340.78 points Friday, recovered by 173.33 points, or 0.52 per cent, to 33,522.64.

The Goods and Services Tax (GST) Council was set up on September 15, 2016, as the country's first 'federal institution'.