Business

Traditional banks are unlikely to lose customers who are easily accessible from their branches, but those in remote locations are a potential bait for payments banks.

Oil headed for its eighth straight weekly decline in Asia on Friday, as sharp falls in equities added to worries lacklustre global economic growth will hurt energy demand in an oversupplied market.

Falling inflation has rekindled hopes that the RBI will cut interest rate ahead of the scheduled monetary policy announcement on September 29.

Bond yields rose in major markets on Thursday after China's central bank reassured investors there was no reason for its currency to keep falling, but oil prices fell to six-year lows on supply concerns.

The retail inflation based on Consumer Price Index (CPI) was at 5.40 per cent in June 2015. In July 2014, CPI based retail inflation was as high as 7.39 per cent.

For the first quarter (April-June) of the current fiscal, the industrial production is at 3.2 per cent, as compared to 4.5 per cent growth in the year-ago period.

Government on Wednesday said it is committed to pursuing subsidy reforms by efficient targeting of subsidies to the poor and needy while saving the 'scarce financial resources' for infrastructure and development needs.

The dollar index was down by 0.15 per cent against a basket of six currencies in the late afternoon trade.

Pressure is mounting on RBI to cut interest rate in its third monetary policy review of this fiscal on Tuesday while experts are divided over the issue, saying high retail inflation may hold it back from doing so.

The idea of booking services on smartphone and web, however, is not new. In India, online service booking models started taking off with the advent of 3G connectivity and mobile broadband.Industries like ecommerce, fashion and retail played a big role in...

The rupee fell by 7 paise to 63.98 a dollar in early trade at the Interbank Foreign Exchange market on Thursday as the American currency strengthened overseas after the

Reliance Retail recorded continued growth momentum and strong profitability in the first quarter of the current financial year.

The rupee depreciated by five paise to 63.71 against the dollar in early trade on Tuesday due to rise in greenback against other currencies overseas.

Infosys has increased its FY16 revenue guidance to 7.2-9.2% in dollar terms and retained its full year revenue guidance in constant currency at 10-12%.

Retail inflation rose to eight-month high of 5.4 per cent in June on costlier food items.

Terming the situation as dynamic and evolving, Mehrishi said, the crisis may have an indirect impact on India by way of its outcome on the European currency euro.