The government will soon announce import curbs on several non-essential items, a top finance ministry official said Wednesday while terming "the 10 per cent depreciation" in the rupee in the last few weeks as a "temporary phenomenon".
Shares of asset management companies (AMCs) ended with sharp losses of up to 11.3 per cent Wednesday after markets regulator Sebi decided to slash the charges levied on investors by mutual funds.
The Reserve Bank has allowed Rana Kapoor to continue as Yes Bank MD and CEO till January 31, 2019, the bank said Wednesday in a regulatory filing.
Mrutyunjay Mahapatra and Padmaja Chundru, both deputy managing directors in State Bank of India, have been appointed as managing director and chief executive officer of Syndicate Bank and Indian Bank respectively, according to an official order issued.
NSE benchmark Nifty erased early gains and ended lower for the third straight session Wednesday, down by 44.55 points to 11,234.35, dragged by widespread sell-off mainly in media, realty, FMCG, finance service and banking sectors despite higher global cues and recovery in rupee.
The Reserve Bank of India (RBI) on Thursday liberalised some aspects of the external commercial borrowings (ECBs) policy including those related to rupee-denominated bonds to help check rupee depreciation.
India on Wednesday reiterated its commitment and support to the Afghanistan government's efforts towards an Afghan-led, Afghan-owned and Afghan-controlled peace and reconciliation process.
EU regulators are quizzing merchants and others on U.S. online retailer Amazon’s (AMZN.O) use of their data to discover whether there is a need for action, Europe’s antitrust chief said.
The Union Cabinet on Wednesday gave its approval to undertake works for revival of the Talchar fertiliser project with an investment outlay of Rs 1,033.54 crore.