ICICI Bank, other related entities have not filed for settlement, says Sebi

Regulator Sebi clarified on Wednesday that it has not received any settlement application from ICICI Bank or any other entity with respect to the probe into alleged regulatory lapses involving its… Read Article

India considers raising steel import duty to support rupee

The proposal, part of a broader government plan to cut ‘non-necessary’ imports to stop an outflow of dollars that has sent the rupee to record lows, will be discussed in the trade ministry today Read Article

Sensex ends over 160 points lower at 37,121, Nifty gives up 11,250

Stocks saw a positive start as the Sensex touched a high of 37,530.63 intra-day in tune with the rupee recovering from its record low. Read Article

India's struggle to defend rupee shifts focus to rate hikes

The rupee has been punished for the country's widening trade gap and swept into the broader emerging market turmoil caused by rising US interest rates. Read Article

Oil prices steady as concerns about producer output outweigh US stockpile gain

Brent crude futures were down 9 cents at $78.92 per barrel 0334 GMT, after rising 1.3 per cent in the previous session. Read Article

Rupee recovers 28 paise against dollar at 72.70, markets open in green

A higher opening in the equity market also supported the recovery in the rupee, experts said. Read Article

Sensex falls again, drops 295 points

All the sectoral indices on BSE, except FMCGs, declined with realty losing the most at 3.13%. The Sensex fell 500 points on Monday. Read Article

Dena Bank, Vijaya Bank, Bank of Baroda merger will help improve quality of corporate governance for banks: Report 

The merged entity will have a market share of about 6.8% by loans. Read Article

China's yuan, stocks down as US fires fresh trade salvo

Trump on Monday imposed 10 per cent tariffs on about $200 billion worth of Chinese imports, and threatened to levy duties on an additional $267 billion of Chinese goods if Beijing retaliates. Read Article

This year Rupee has lost 11 per cent value in nominal terms against US dollar: IMF

Broadly since the beginning of the year, Indian rupee 'has lost about 11 per cent of its value in nominal terms vis a vis the US dollar', said IMF spokesperson Gerry Rice. Read Article

Rupee up by 10 paise against dollar, Sensex recovers to 37,660.19 in opening trade

The rupee, after opening lower at 72.65 against the US dollar, quickly recovered to trade 10 paise higher at 72.41 at the Interbank Foreign Exchange. Read Article

J&K government approves Single Window Act, 2018

The act will facilitate easy flow of investments into the state. Read Article

In another high for fuel prices, petrol sells at Rs 82.16 in Delhi, nears Rs 90-mark in Mumbai 

Fuel prices on Monday witnessed a new high with petrol and diesel breaching earlier figures. Read Article

Government says it will merge Dena Bank, Vijaya Bank and Bank of Baroda

Finance Minister Arun Jaitley said the merger would make the banks stronger, more sustainable, and increase their lending ability. Read Article

Sensex plunges 505 points as rupee woes continue

The Sensex closed Monday's trade 505.13 points, or 1.33% lower at 37,585.51 points. Read Article