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Shaktikanta Das, the newly-appointed governor of the Reserve Bank of India (RBI), said on Wednesday that he would adopt a consultative approach and move quickly to meet the chiefs of state-run banks to tackle issues facing the banking sector. "I propose

The rupee declined by 16 paise to close at 72.01 against the dollar on Wednesday amid strengthening of the greenback and rising crude oil prices even as the equity markets staged a sharp upmove. At the Interbank Foreign Exchange (forex) market, the local unit opened lower

Government named Shaktikanta Das, a seasoned financial bureaucrat, as the new governor of the Reserve Bank of India (RBI) on Tuesday, replacing Urjit Patel, whose abrupt resignation roiled financial markets. Das held key positions both under the ruling Bharatiya

MUMBAI: Bonds rose on Thursday after inflation eased sharply in November, bolstering expectations of a rate cut sooner than expected, while the rupee also strengthened as global trade tensions eased.

The 10-year benchmark bond yield fell to 7.38 per cent in early

IndiGo on Wednesday announced four-day New Year sale across its international network covering over 90 routes. As part of this winter special sale, IndiGo is offering international flight tickets at a starting all-inclusive price of Rs 3,299, said the low cost carrier in a press

Fuel demand fell 1.8 per cent in November compared with the same month last year.

Consumption of fuel, a proxy for oil demand, totalled 17.27 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

Sales of

Mumbai: Reflecting foreign investor concern at the circumstances in which previous RBI Governor Urjit Patel quit office, Fitch Ratings on Wednesday said the resignation highlights the risks to the central bank's policy priorities and that its sovereign rating assessment could

Shaktikanta Das, who took charge today as the 25th Reserve Bank of India (RBI) Governor, said that he will uphold values and autonomy of the central bank. "I would not like to go into what the issues between the government and the RBI are but every institution has to maintain its autonomy and

The rupee staged a late rebound after plunging 110 paise in early trade Tuesday but still ended 53 paise lower at 71.85 against the US dollar following RBI Governor Urjit Patel's shock exit coupled with the loss of the ruling BJP in key state elections. Analysts said the RBI

Domestic stock markets jumped on Thursday, a day after retail inflation for November cooled off to a near one-and-a-half year low. The S-P BSE Sensex rose as much as 268.92 points to cross the 36,000 mark, while the the Nifty50 barometer of the National Stock Exchange climbed

Vistara has announced flight tickets from Rs 999 in a limited-period sale. The festive sale is open for a period of 24 hours and applicable to one-way fares across all three booking classes, according to the airline's website, airvistara.com.

The government on Tuesday appointed former Economic Affairs Secretary Shaktikanta Das as the new Reserve Bank of India (RBI) governor, reported news agency Indo-Asian News Service (IANS). Mr Das, who retired as Economic Affairs Secretary in May 2017,

Mutual funds can separate distressed and illiquid assets in their portfolios to deal with any potential credit crisis, the market regulator said on Wednesday.

The Securities and Exchange Board of India (SEBI) was in talks with the industry to allay fears of contagion

Top gainers on the 50-scrip Nifty index included Hero MotoCorp, Yes Bank and Indiabulls Housing Finance

The exit of Urjit Patel as governor of the Reserve Bank of India (RBI) was the culmination of months of simmering tensions between the government and the central bank.

In a way, it gives the government the opportunity to do what it wants: name a new

New Delhi: Retail inflation rate dropped in November, which should increase the chances of the new central bank governor keeping interest rates on hold at his first policy meeting, but falling food prices could hurt a ruling party facing a revolt over low farm incomes.

The inflation rate, which includes food and energy prices, fell to 2.33 per cent

MUMBAI: Bonds rallied on Wednesday following the appointment of Shaktikanta Das as the new Reserve Bank of India governor, but the rupee weakened slightly on the back of sharp gains in global crude oil prices.

The benchmark 10-year bond yield fell as much as 8 basis

Shaktikanta Das, a member of the Fifteenth Finance Commission, was appointed the new governor of the Reserve Bank of India (RBI) on Tuesday, news agency Reuters reported. The appointment of Mr Das as RBI governor comes after Urjit Patel

Retail inflation rate fell to 2.33 per cent in November, government data showed on Wednesday, due to weaker food inflation. Analysts polled by Reuters had forecast November's annual increase in the consumer price index at 2.8 per cent, compared with October's

The new central bank governor Shaktikanta Das is an active user of Twitter, a sharp contrast to the outgoing chief Urjit Patel who was publicity shy and rarely gave interviews.

For a glimpse of his views on key economic themes, here's a selection of tweets from Das in the

Gold prices on Tuesday rose by Rs 155 to close at Rs 32,650 per 10 gram at the bullion market due to increase in demand from local jewellers, reported news agency Press Trust of India (PTI).  Weakening rupee against the US dollar and positive global cues also aided the gain in the prices,

Snapping a three-day gaining streak, gold prices on Wednesday fell by Rs 110 to close at Rs 32,540 per 10 gram at the bullion market in the national capital, reported Press Trust of India (PTI). The fall in prices was mainly due to weaker demand from local jewellers and negative global

Domestic equity markets rallied in morning trade today after the appointment of a new central bank governor. At 10:50 am, the S-P BSE Sensex traded at 35,498.67, up 348.66 points or 0.99 per cent and the Nifty50 barometer of the

NEW DELHI: The falling oil and gas production is a matter of concern, Oil Minister Dharmendra Pradhan said, adding the government will soon set up a gas trading hub.

Crude oil production in October dropped 5 per cent from a year earlier to about 2.89

Small finance banks (SFBs) offer high interest rates on savings, fixed deposit and recurring deposit accounts. Small finance banks, which cater to a niche customer base, offer higher interest rates than mainstream peers. For instance, State

Mumbai: Debt-ridden national carrier Air India has called for bids to sell the iconic 23-storey -- Air India Building -- located at Nariman Point in Mumbai.

According to a tender document on the airline's website dated December 7, bids have been invited by

Domestic stock markets closed on a positive note on Tuesday aided by sustained buying across pharma, FMCG and IT stocks, as investors await the outcome of assembly election results. Bombay Stock Exchange (BSE) benchmark

Consumer inflation eased to 2.33 per cent in November, provisional data from the government showed on Wednesday. That marked the lowest level of consumer inflation recorded since June last year, when it stood at 1.46 per cent. Determined by Consumer Price Index (CPI), the rate of increase in prices was better than economists' estimates. Retail i

The Department of Posts or India Post provides a variety of services besides delivering mails. It offers the option of opening a regular savings account across its network of over 1.55 lakh post offices. Post office savings account interest rate is 4 per cent per annum,

The government is likely to make an announcement regarding the next Reserve Bank of India governor later in the day, Finance Secretary AN Jha said.

Urjit Patel stepped down as governor of the Reserve Bank of India with immediate effect on Monday.

Mr