Business

The otherwise welcoming decision by the Centre resulted in stocks falling by a cumulative 12 per cent for Hindustan Petroleum Corp Ltd, Bharat Petroleum Corp Ltd, IOCL and Oil India Ltd.

ICICI bank said it has accepted Chanda Kochhar's request for early retirement. It also added that the inquiry instituted by the bank Board will remain unaffected by this new development.

According to the statement, the food inflation was (-) 0.32 per cent in August as compared to 1.61 per cent during the year-ago period.

Financial advisory firm Alvarez & Marshal will develop the plan, seek approvals from the board and all stakeholders, and then proceed to implement it.

Nilekani, the co-founder and non-executive chairman of information technology giant Infosys, said the court had "unequivocally validated" the founding principles of Aadhaar.

Communication systems have been evolving at a rapid pace globally, especially in areas like 5G, Internet of Things and Machine to Machine Communication, Telecom Minister Manoj Sinha said.

The Cabinet Committee on Economic Affairs (CCEA) approved the food ministry's proposal that seeks to address the surplus domestic stock of sugar and help mills in clearing huge cane arrears of around Rs 13,000 crore.

Global markets were also upbeat after lighter than feared retaliatory tariffs by China on the US goods, raising hopes that the two major economies are likely to avoid a trade war.

Rana Kapoor's present term ended on August 31. However, the RBI had allowed him to continue till further notice.

Amazon's latest acquisition adds more heat to the US e-commerce giant's battle with Walmart Inc in the Indian market, after Walmart acquired Indian firm Flipkart earlier this year.

Out of the 25 companies on the LinkedIn list, 11 are headquartered in Bengaluru, seven in Mumbai, three in Gurugram and two each in New Delhi and Pune.

Chanda Kochhar and her family members are facing allegations of quid pro quo and conflict of interest with respect to a loan extended to certain entities.

The government Monday said state-owned Bank of Baroda, Vijaya Bank and Dena Bank will be merged to create the country's third largest lender as part of efforts to revive credit and economic growth.

According to the chamber, the merger will lead to greater operational efficiencies and the banks would benefit through a synergistic relationship that would leverage one another's network, customer base and access to low cost deposits.

The Reserve Bank of India has taken the rising oil import prices into the account when it raised the policy rates in its last two meetings.

Non-institutional investors segment was subscribed 4 per cent and retail investors 86 per cent.