Business

Mundra said some of the banks have started using artificial intelligence and have done a pilot of putting a robotic assistance in the branch for guiding the customers.

Forex dealers said the US dollar's gain against other currencies overseas and a lower opening of the domestic equity market put pressure on the rupee.

Defence Minister Arun Jaitley on Sunday batted for making India a defence manufacturing hub, saying it is essential to deal with various security challenges like insurgency effectively.

The surprising decision to ban all the Rs 500 and Rs 1,000 notes, which accounted for 86 per cent of the currency outstanding, in a cash-based economy is being blamed by many quarters for a dip in GDP growth.

As part of the disinvestment policy, it has been decided to lease/sub-lease the hotels/properties jointly with the states concerned or return the properties to them, after fair valuation.

The bonds will be raised by the Ministry of New & Renewable Energy (MNRE) through the Indian Renewable Energy Development Agency (IREDA) during the 2017-18, the statement said.

The rupee strengthened by 15 paise to 64.49 per dollar in early trade on selling of the US dollar by banks and exporters.

The Goods and Services Tax (GST) Council on Thursday decided the tax rates for 1,211 items, a majority kept at 18 percent, though the rates on gold and beedi remained undecided.

Stocks showed signs of fatigue on Wednesday after two back-to-back record-setting sessions as the benchmark Sensex struggled to maintain its momentum, with investors shifting focus to taking profit. Weak Asian cues weighed, too.

Replying to an RTI query, the Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) declined to share any details related to import of paper for printing of the high- denomination notes.

SriLankan Airlines, the national carrier of the island nation, will add three southern India cities -- Hyderabad, Coimbatore and Visakhapatnam -- to its network from July, a statement said in New Delhi on Saturday.

As per the data based on the new base year, the manufacturing sector output slowed to 1.2 per cent in March, from 5 per cent in the same month of the previous fiscal. Electricity generation too slowed to 6.2 per cent, from 11.9 per cent in March 2016.

Tokyo's benchmark stock index rose 1.35 per cent at the start on Monday after pro-European centrist Emmanuel Macron swept his far-right rival Marine Le Pen in the French presidential election.

US President Donald Trump is looking to unload his luxurious $28 million French St Martin beachfront estate, a media reported on Sunday.

Chartered accountants' apex body ICAI has been raising concerns over the selection process followed by public sector banks (PSBs) with respect to auditors for auditing work at their branches.

The CBI on Thursday arrested the chairman of REI Agro along with a promoter of the company in connection with an alleged bank loan fraud involving Rs 3,871 crore.