Business

Alice Wells, Principal Deputy Assistant Secretary for South and Central Asian Affairs said the Trump administration wanted to "realise the potential" of the India-US Trade relationship by supporting recent growth in aviation, energy and defence sales.

According to the IMF, India has made progress on structural reforms in the recent past, including through the implementation of the GST, which will help reduce internal barriers to trade, increase efficiency, and improve tax compliance.

In a reference to conflicts between Mint Road and North Block, Rajiv Kumar said there should not be a "this versus that" in the case of economic policy makers.

The Central Board of Direct Taxes (CBDT) on Saturday said the comments of stakeholders and general public need to be sent via e-mail before April 30.

Expressed in the US dollar terms, the foreign currency assets include the effect of appreciation or depreciation of the non-US currencies such as the euro, the pound and the yen held in the reserves.

In India, the Coinsecure theft has come at a time when Reserve Bank has barred banks and financial institutions from dealing in cryptocurrencies.

"We do not see any impact. Our focus is how do we take the best to our consumers. Banks like us have to get more agile and offer the products to the customers," the bank's head of retail liabilities, investment and payment products, Ambuj Chandna told rep...

Walmart will buy both new and existing Flipkart shares, with the new shares expected to value the Bengaluru-based firm at at least $18 billion, the sources said. The price for existing shares would value the firm at about $12 billion, one of the people sa...

The biggest ever banking fraud of more than Rs 13,000 crore was allegedly committed by billionaire diamantaire Nirav Modi and his associates in connivance with some officials of a Mumbai branch of the bank.

Key producers from the Organization of the Petroleum Exporting Countries (OPEC), threatened by the rising output from new and non-OPEC countries, are trying to secure a foothold in India.

On a weekly basis, the barometer 30-scrip Sensitive Index (Sensex) of the BSE gained a massive 658.29 points or almost 2 per cent to close at 33,626.97 points.

The Sensex Tuesday resumed lower and slipped further to hit a low of 33,153.83 on a bearish trend in other Asian markets, tracking overnight losses at the Wall Street on weakness in technology shares and trade tension between the US and China.

Generally, salaries are paid by the 30th or 31st of every month and in case of bank holidays around these dates, then payments are made in advance.

The RBI has also asked banks to set aside profits on sale of their investments in bonds in a reserve from the current fiscal year.

The CBI has questioned a few officials of ICICI Bank as part of a preliminary enquiry to find out if any quid pro quo was involved in the bank giving Rs 3,250 crore loan to the Videocon Group in 2012.

The company's board had on Tuesday approved the demerger of Fortis hospitals business, which will be acquired by Manipal Hospitals and TPG Capital, along with the sale of 20 per cent stake in diagnostics chain SRL Ltd.