Business

Earlier this week, the government announced changes to the foreign direct investment policy for the ecommerce sector, which would end discounts and cashback offers that online platforms with foreign investment like Flipkart and Amazon were offering.

This is the third meeting Das has had with the lenders, with the first two being with public sector banks, after he took charge on December 12 following the sudden resignation of Urjit Patel on December 10 .

The rupee opened sharp lower at 70.27 a dollar against the previous close of 70.06.

Chief Minister Bhupesh Baghel has issued directions to the officials concerned for completing the process required for returning the land to farmers.

The scheme is being worked out and will subsequently get vetted by respective boards of the three banks. It will have details of share swap ratio and requirement of capital from the promoter.

This is the first codeshare agreement for IndiGo, which is India's largest airline with a domestic market share of 43 per cent. It would allow passengers to travel on a single ticket on flights operated by the partner carrier.

The Telecom Regulatory Authority of India will start imposing penalty of up to 50 lakh per calendar month from March if telecom operators fail to adhere to clause of Telecom Commercial Communications Customer Preference (Amendment) Regulations 2018.

One of the biggest factors restricting growth will be the real estate, and small scale units which are yet to come out of the twin shocks of demonetisation and GST, he added.

The fall was largely attributed to maintenance shutdowns at some refineries. In November, oil imports from Iran also declined to the lowest level in a year as purchases were curbed as a result of the re-imposition of US sanctions on Iran.

The BSE Sensex, which had dropped more than 250 points in morning trade, finally finished 52.66 points, or 0.14 per cent, lower at 36,431.67.

The official said that the FAA on Tuesday formally confirmed that India's International Aviation Safety Assessment (IASA) rating remains 'Category 1'. Category 1 means the carriers from the assessed state may initiate or continue service to the US in a no...

Breaking its five-day winning streak, the benchmark BSE Sensex fell 141 points in early trade on Tuesday, as banking, IT, realty and FMCG stocks retreated, tracking sell-off in global market.

Apart from Tata and Chandrasekaran, the other respondents are Ajay Piramal, Amit Chandra, Ishaat Hussain, Nitin Nohria, Ranendra Sen, Vijay Singh, Venu Srinivasan, Ralf Speth and F N Subedar, the group chief operating officer.

The Bhartiya Reserve Bank Note Mudran (P) Limited, a wholly owned subsidiary of the Reserve Bank of India (RBI), claimed that the printing of currency and related activities cannot be shared with people.

He also stressed that foreign investors are very happy about taxation reforms undertaken in India in the last four years.

On the appointment of new MD and CEO, the bank said the 'Search & Selection Committee' (SSC) and the board are "on track" to complete the process within the stipulated timeline given by the RBI.