Business

The rupee-dollar swap auction announced by the RBI earlier in March will infuse Rs 35,000 crore into the system. The auction of $5 billion for a tenure of three years will be conducted on Tuesday.

The interview panel comprises Financial Services Secretary, Department of Personnel and Training Secretary and some external members.

The Sebi Act empowers the regulator to conduct inspection of any book, register or other documents and records of any listed company if it has reasonable grounds to believe that the company has been indulging in insider trading or fraudulent and unfair tr...

Factors such as movement of rupee, crude oil and investment trend by overseas investors would continue to influence trading sentiment, experts added.

The State Bank of India-led consortium of lenders is working on a resolution plan for the cash-strapped Jet Airways for the last five months. The full service carrier has a debt burden of more than Rs 8,200 crore and needs to make repayments worth up to R...

The rupee opened at 68.60 at the interbank forex market, then gained further ground and touched 68.57, displaying gains of 6 paise over its last close.

By buying the studios behind 'The Simpsons' and X-Men, Disney aims to better compete with technology companies such as Amazon and Netflix for viewers' attention - and dollars.

The finance ministry has in the past year sought regular updates from the banks, led by State Bank of India (SBI), on Jet's financial health, sources said.

Jet has been saddled with debt of over $1 billion due to tight competition and rising fuel costs.

The Indian currency has been riding high on massive liquidity push in form of strong foreign fund inflows in March. Foreign institutional investors (FIIs) have poured in more than Rs 10,000 crore in Indian stocks so far this month.

The 30-share Sensex started off on a strong footing and reclaimed the 37,000 mark on widespread buying by investors, and ended at 37,054.10, up by 382.67 points, or 1.04 per cent.

Last year, ICICI Bank had filed an application before NCLT against Punj Lloyd alleging default by the company.

The top job-generating sectors were hospitality & tourism followed by textiles & apparel and metal products, during the past four years.

The RBI also permitted WLA operators to source cash from any bank, including cooperatives and regional rural banks. WLAs are owned and operated by non-bank entities on behalf of the banks.

The Sensex had gained over 193 points to close at 36,636.10 on Wednesday. The NSE gauge Nifty also rose over 65 points to end above the psychologically key 11,000 level.

The new airport is being constructed near National Highway-8B connecting Ahmedabad and Rajkot, nearly 36 km from the existing Rajkot Airport.