Business

The 30-share index was trading 140.62 points, or 0.38 per cent, lower at 36,830.47. Similarly, the 50-share NSE Nifty dropped 33.40 points, or 0.30 per cent to 11,036.00.

So far this fiscal year, the once-second largest lender had made recoveries worth Rs 16,600 crore from bad loans.

At present, income up to Rs 2.5 lakh for resident individuals (below 60 years) is exempted from tax, while for senior citizens the exemption limit is Rs 3 lakh.

Kochhar was an iconic banker who rose to the top at ICICI Bank, becoming the first woman chief executive of a bank in the country.

The interim budget to be presented Friday could give some indication of the government's commitment to fiscal consolidation, which is one of the main sensitivities in the sovereign ratings, Fitch Ratings said.

On Wednesday, Jet Airways had decided to cancel 15 flights following grounding of six Boeing 737 planes due to non-payment of lease rentals.

The bank's asset quality improved slightly with gross non-performing assets (NPAs) falling to 7.75 per cent of gross loans at December-end 2018 compared to 7.82 per cent a year

NSSO acting chairperson PC Mohanan, who quit along with JV Meenakshi, says the Annual Survey on Employment and Unemployment has not been made public for two months.

The RBI said it has been monitoring the evolving liquidity conditions and durable liquidity requirements of the system.

India's new foreign investment restrictions will, from February 1, bar e-commerce companies from selling products from firms in which they have an equity interest and also ban them from reaching deals with sellers to only sell on one platform.

Total income of the bank, however, rose to Rs 11,839.53 crore during the reported quarter of 2018-19, as against Rs 10,376.03 crore in the same period a year ago.

At the Interbank Foreign Exchange (forex), the rupee opened on a firm note at 70.99 following dollar selling by exporters. However, the domestic currency pared the initial gains and finally settled at 71.10, up 7 paise over its last close.

Describing the proposed measures as being crucial to prevent "further damage to India's retail sector", Snapdeal said the extreme narrative being projected is an "orchestrated move" meant to pressurise authorities and "needs to be resisted strongly".

The likely relief package is seen as an attempt to assuage the farming community's discontent ahead of the general elections.

At times when people come across such an attractive offer, they find it difficult to refuse. But do you think accepting the offer instantly is the right thing to do? Not really.

Profit after tax came in at 6.48 billion rupees ($90.90 million) for the quarter ended Dec. 31, compared with 5.85 billion rupees a year earlier, the company said.