Business

Further, in order to check the menace of black money, the chamber suggested measures, which include reducing discretionary powers of officers by framing rules and laws clearly and not leaving them to individuals' interpretation.

The government and the Reserve Bank of India, the banking regulator, have undertaken several measures to strengthen the Indian banking sector. Here are some of the steps as listed by the India Brand Equity Foundation.

Wholesale inflation broke the 3-month declining trend and rose to 3.39 per cent in December 2016, mainly due to rise in prices of manufactured items, even as food articles turned cheaper.

India's annual consumer price inflation eased to a lower-than-expected 3.41 percent in December, its lowest level in more than two years, helped by a sharp cooling in food prices, government data showed on Thursday.

Government's capacity to implement reforms and policy effectiveness will decide India's rating going forward, Moody's Investors Service said today.

Rupee strengthened by 17 paise to 68.04 against the dollar in early trade at Interbank Foreign Exchange on fresh selling of the US currency by exporters and banks.

The currency squeeze in November and December has failed to hit revenue mop up, with direct and indirect tax collection from April to December showing a double-digit increase, Finance Minister Arun Jaitley said on Monday.

PVR Ltd has informed Bombay Stock Exchange and the National Stock Exchange of India that the Delhi High Court has approved merger of two of its subsidiary companies with it, effective from April 1, 2015.

The report said even though an objective assessment of the demonetisation exercise on output growth is a difficult one now, it expects GDP growth to be decisively lower than 6 percent in the third quarter and in the fourth quarter, it could only make a gr...

Sebi is looking into regulations concerning clearance for scheme of arrangements such as merger and acquisitions by listed firms to check any possible 'bypassing' of norms due to the companies directly seeking approval of courts for such deals.

Rupee firmed up by 7 paise to 67.84 against the US dollar in early trade today at the Interbank Foreign Exchange on increased selling of the American currency by exporters and banks.

Over Rs 3,300 crore of un-disclosed income has been detected while Rs 92 crore worth new notes have been seized till now by the Income Tax department as part of its country-wide operations against black money hoarders post the demonetisation of two high v...

The 30-share index, which had lost 323.12 points in the previous four sessions, recovered 53.28 points, or 0.20 per cent, at 26,427.98.

Beverages major Coca-Cola on Monday announced senior management reshuffle in Indian operations with Vice President Human Resources, Sameer Wadhawan given the responsibility to lead the newly created function of Franchise Capability and Business Transforma...

The demand destruction unleashed by the November 8 demonetisation drive saw the bank credit shrinking by a whopping Rs 61,000 crore, or 0.8 per cent, during the fortnight to November 25, show the latest RBI data.

Ratan Tata further claimed in the letter that several attempts to remediate the situation went unheeded and Mistry was offered an opportunity to step down voluntarily, which he rejected.