Business

The DRI had in March launched prosecution against Nirav Modi and three of his firms for allegedly diverting duty-free imported goods for purposes other than specified in the rules.

Chief Financial Officer Bob Swan will serve as interim chief executive while the company searches for a replacement.

Globally, a shortage of highly skilled employees could dramatically drive up salaries for the most in-demand workers by 2030, according to a study.

Foreign portfolio investors (FPIs) sold shares worth Rs 2,442.61 crore yesterday, as per provisional data issued by stock exchanges.

Taking a dig at the critics of the government, Arun Jaitley said that India's GDP has not declined by 2 per cent on account of demonetisation and GST implementation, nor will it India live in poverty as predicted by the former finance minister.

Rating agency Moody's has sounded a note of caution that any reduction in excise duty on petrol and diesel would adversely affect fiscal deficit unless it is matched by a commensurate cut in expenditure.

A Wall Street Journal report warned that the US decision could become the start of a tit-for-tat series of retaliatory moves. If the US hits China with tariffs, China will immediately retaliate with tariffs, said a Chinese official. "We hate unilateral ac...

The global credit rating agency had earlier estimated the GDP growth at 7.3 per cent for the current financial year. For 2019-20, it projected the growth at 7.5 per cent.

This definitely broadens the home ownership opportunity for eligible, first home buyers under the PMAY scheme while also providing the needed impetus to the supply dynamics, he added.

Major gainers that supported the recovery were Adani Ports, RIL, Bharti Airtel, IndusInd Bank, SBI, Yes Bank, Coal India, Dr. Reddy's, Asian Paints, Kotak Bank, NTPC, Tata Steel and Bajaj Auto, rising up to 1.81 per cent.

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To ensure faster resolution of stressed accounts, Finance Minister Piyush Goyal has announced setting up of a committee in two weeks of an Asset Reconstruction Company.

A hike in the rates will increase the lending rates by the banks to maintain their profit margins, adding pressure on the common man to pay up more money on loans, pinching the politically important middle class and weakening the already lagging investmen...

The Trump administration's decision to impose tariffs on aluminium and steel imports had triggered a trade war with several countries including China, which announced retaliatory measures.

The agency's director, Rama Patel, said the banking systems provisioning cover (excluding write-offs) for NPAs increased to 50 per cent as on March 31, 2018, compared with 45 per cent a year back, and it is expected to improve further in this fiscal.

Jain, who is also the managing director of the state-run lender, had previously led Indian Bank for a couple of years, Rajeev Kumar, secretary, Department of Financial Services at the Ministry of Finance, said in a tweet.