Business

Investors were optimistic in anticipation of a rate cut by the RBI. But most analysts feel the central bank may hold rate despite a slowdown in growth as inflationary pressures are building up.

The company had last month decided to forgo commissions charged from around 70 percent of restaurants on food orders placed through Zomato.

Foreign direct investment (FDI) into the country grew 9 percent to USD 43.47 billion in 2016-17.

Petrol currently costs Rs 70.88 per litre in Delhi while a litre of diesel is priced at Rs 59.14, the highest ever.

SBI Life is a joint venture between India's largest lender State Bank of India (SBI) and BNP Paribas Cardif (BNPPC), the insurance holding company of France. The insurer had fixed the price band for the IPO at Rs 685-700 per share.

The credit rating agency said however that it expects the economic activity to accelerate in the second half of the fiscal year with the waning impact of one-off events including the demonetisation shock in late 2016 and the GST rollout in July, which had...

Oil and Natural Gas Corporation's (ONGC) proposal is to drill 10 wells in the petroleum lease areas -- Rudrasagar, Geleki, Lakwa, Namti, Mekypore, Santak Nazira -- of Sivasagar district.

The company employs about 130,000 people in India, nearly one-third of its workforce, and much more than the around 92,000 employed in its country of origin.

As per the electoral bond mechanism announced in the budget, the proposed bonds will resemble a promissory note and not an interest-paying debt instrument.

Former finance minister Yashwant Sinha said his sentiment was shared by a large number of leaders within the BJP but people were not speaking up out of fear.

The initial share sale offer of ICICI Lombard was oversubscribed 3 times during September 15-19.

Siemens will own 50 percent of the joint venture, the companies said, while Alstom will supply Henri Poupart-Lafarge as chief executive, helping to counter criticism that France is giving up control of another national industrial icon.

Alibaba will invest 5.3 billion yuan to boost its stake in Cainiao Smart Logistics Network to 51 percent from 47 percent, giving it direct control over the loss-making affiliate, suggesting a rough valuation of Cainiao at around $20 billion.

The BSE 30-share benchmark after rising briefly to 31,693.59 at the outset, slipped back to quote lower by 59.12 points, or 0.18 per cent, to 31,567.51.

The Department of Industrial Policy and Promotion (DIPP) also said that the Japanese Ministry of Economy, Trade and Industry (METI) and Japan External Trade Organization (JETRO) will pursue collaboration with states to deepen partnership.

While addressing young graduates in Mohali, former PM Manmohan Singh said, "I think globalisaton has come to stay..."