Business
Historic banking revolution as RBI gives approval to set up 11 non-lending payments banks
Banks can also offer internet banking facilities, allow money transfers and sell insurance and mutual funds.
India can take on China with low cost of wages: Arun Jaitley
Finance Minister Arun Jaitley on Friday said the Indian industry can take on China with lower wage cost and competitive pricing of products.
Rupee ends 3 paise lower at 63.58 against USD
The rupee fell marginally by 4 paise to 63.59 against the US currency in early trade at the Interbank Foreign Exchange market on Wednseday due to fresh demand for the dollar from importers.
Nifty below 8550, Sensex skids 238 points
About 966 shares advanced, 1863 shares declined, and 138 shares were unchanged.
RBI, Central Bank of Sri Lanka ink currency swap agreement
The Reserve Bank on Friday signed a special currency swap agreement with the Central Bank of Sri Lanka that will allow the latter to draw up to $1.1 billion.
Government clears one policy for FDI, FII and other investment routes
Union Finance Minister Arun Jaitley said that FDI, FII and other investment routes would be included under one policy.
Rupee ends 2 paise lower at 63.41 against US dollar
The rupee resumed higher at 63.36 as against Tuesday's closing level of of 63.39 at the Interbank Foreign Exchange (Forex) market and moved up further to 63.35 on initial selling of dollars by banks and exporters.
India yet to draw up plan to deal with any fallout in Greek economy
Raghuram Rajan had last week said he expected that India's economy would be able to withstand any impact from the crisis in Greece thanks in part to its foreign exchange reserves
GDP will grow 8% in 2015-16; to hit $3 trillion mark in 5 years, says NITI Aayog Vice Chairman Arvind Panagariya
Indian economy, which is little more than $2 trillion, recorded a growth rate of 7.3% in 2014-15.
Arun Jaitley rings closing bell at New York Stock Exchange
Before ringing the bell, Jaitley met senior officials of the stock exchange and toured the trading floor where the Indian tricolor was displayed at various TV screens.
Rupee hits new 20-month low against dollar; ends 10 paise down
The rupee had closed 8 paise lower at 63.90 against the US dollar in Wednesday's trade due to steady demand for the greenback from importers amid sliding equities.
RBI monetary policy review today, interest rates likely to be cut as inflation eases
India is the fastest-growing major economy in the world, outstripping China, but economists say the data is not consistent with other indicators showing slack in Asia's third largest economy.
Mobile, hotel, other services to be costlier from June 1
Finance Minister Arun Jaitley in his Budget had proposed to raise service tax from 12.36 per cent (including education cess) to 14 per cent. The proposal takes effect from June 1.
Rupee closes marginally lower by 2 paise at 63.82 against US dollar
The rupee ended marginally lower by two paise at 63.82 against the American currency on month-end dollar demand from importers amidst a higher greenback in the overseas market.
No 'big bang' investment under Modi government in first year: CII
The CII President said he would like to see much more action being taken on Ease of Doing Business, to cut out the red tape.
Ireland says gay marriage good for business
When Ireland began to attract US firms with tax breaks in the 1960s, the government was still using the country's traditional, Catholic image to attract Irish American visitors.
