Business

After Visa, Mastercard is the second largest credit card issuer in the European market. It has been the subject of an EU anti-trust investigation since April 2013, and has cooperated with the probe.

The 30-share BSE Sensex dropped 134.32 points to end at 36,444.64, while the broader NSE Nifty finished 39.10 points lower at 10,922.75.

The IMF has lowered its global growth projections for 2019 and 2020 to 3.5 per cent and 3.6 per cent respectively, citing slowdown in several advanced economies.

Globally, billionaires' fortunes rose by 12 percent or $2.5 billion a day in 2018, whereas the poorest half of the world's population saw their wealth decline by 11 percent, Oxfam said in its annual study.

The executive directors allegedly failed to follow RBI advice to link SWIFT (Society for Worldwide Interbank Financial Telecommunication) with the core banking system of PNB.

The Uttar Pradesh government has allocated Rs 4,200 crore for the 50-day Kumbh Mela this time, which is over thrice the budget of the Maha Kumbh in 2013, making the mega pilgrimage perhaps the costliest ever.

Speaking at the 9th Vibrant Gujarat Global Summit 2019, the RBI chief said the central bank is committed to play its role as the monetary authority for maintaining mandated price stability objective while keeping in mind the objective of growth.

The RBI had last month come out with the guidelines stipulating that from April 2019, minimum 40 percent of fund-based limits of a borrower is required to be structured in the form of a 'loan component' with a fixed maturity.

Wipro's board has also approved an issue of bonus shares - offering one bonus share for every three held by shareholders, a BSE filing said.

This is the second successive week of loss for the Indian currency. During the week the domestic unit registered a loss of 27 paise. In the previous week, the local unit had slumped by 81 paise.

In December, the government announced new regulations that would bar online marketplaces with foreign investments from selling products of the companies where they hold stakes, and ban exclusive marketing arrangements.

The US export to India has gone up by at least 30 per cent. In the last two years, the bilateral trade has increased from USD 119 billion to USD 140 billion India's Ambassador to the US Harsh Vardhan Shringla said.

Petrol in Delhi now costs Rs 69.07 per litre - the highest this month - up from Rs 68.88 per litre rate of Thursday, according to price notification issued by state-owned oil firms.

The markets opened higher but failed to sustain the momentum as investors were skittish about corporate earnings season and preferred to take money off the table, traders said.

The financial woes of Jet, India's biggest full-service carrier by market share, worsened in 2018 amid rising oil prices and intense pricing competition in the Indian skies.

SEBI conducted an investigation in the scrip of the company between November 2011 and November 2014 in which Shah was found guilty.