Business

Finance Minister Arun Jaitley said on Tuesday that despite calls for protectionism in the world, India was looking to open its economy further.

Since LIC as well as banks have invested depositors' money in various companies under Tata Sons, it is their duty to see that public money is not put at risk, Finance Ministry sources said.

The Goods & Services Tax (GST) Council has finalised a four-rate tax structure at 5, 12, 18 and 28 percent, Finance Minister Arun Jaitley announced at a press conference on Thursday.

Ratan Tata, interim chairman of India's Tata Sons conglomerate, will outline a revamped top management structure for the $100 billion group within days, a person close to the company told Reuters on Tuesday.

Indian economy is expected to fare better in the second half of the current fiscal backed by uptick in sales and improved capacity utilisation, though fresh investments and new jobs creation may be a concern going forward: Assocham

Andhra Pradesh and Telangana have jointly topped the ease of doing business ranking while Gujarat has slipped to the third position in the list prepared by the World Bank and DIPP.

Three senior group executives at India's Tata Sons have resigned, people close to the matter told Reuters on Saturday, as management woes appeared to deepen at the $100 billion conglomerate following the stunning ouster of its chairman.

Country's largest lender SBI on Saturday said it will issue equity shares on preferential basis to the government for capital infusion of Rs 5,681 crore.

Gold price increased by Rs 160 to Rs 30,750 per 10 grams on the eve of Diwali at the bullion market on Saturday as jewellers increased buying to meet festive demand along with a firm global trend.

In the meeting held on Monday the board informed Mistry that they had discussed the matter and had the right to replace him.

Cyrus Mistry, the ousted chairman of Tata Sons, has said that there is no basis to the speculation about litigation against his removal at this stage while newly-appointed interim chairman Rata Tata announced that a new permanent leadership will be in pla...

Market showed some signs of restraint as the Sensex ended up in the red on Friday after RIL earnings failed to move investors and on heightened prospects of a US rate hike amid mixed Asian cues.

The BSE benchmark Sensex made a promising start by bouncing almost 208 points on Tuesday on widespread gains following fresh buying amid a firm trend in Asian markets.

Wholesale inflation eased to 3.57 percent in September, reversing its seven-month uptrend, as good monsoon helped cool food prices, prompting the industry to demand interest rate cut to boost economic activity.

The US dollar ended cheaper against the rupee at 66.71/72 per dollar and the pound sterling also finished lower at Rs 81.58/60 per pound at the close of the Interbank Foreign Exchange market on Friday.

Steep pricing of 700 MHz band kept operators away from bidding for the efficient frequency band that alone had the potential to fetch over Rs 4 lakh crore at base price to the government, says the industry.