The deputy governor has tied himself into knots by saying that both the existing Indian rupee as well as the fiat cryptocurrency, the RBI is toying with, would hold sway.
Kochhar, once celebrated as a leading banker, might have to face some flustered board members this week, who could meet to discuss the way ahead for her.
In picking up the baton, Christian Sewing would also face challenges including further cost cutting, intense competition at home and abroad, and increased regulation.
Binani, backed by Aditya Birla groups UltraTech Cement, has already received comfort letter for financial support.
Chanda Kochhar, Managing Director and CEO of ICICI Bank, is in the eye of the storm following the Videocon loan controversy.
The fuel price hike has already been much debated upon, but an economic rationalisation of the same has been missing.
IndiGo, Indian conglomerate Tata Group, and Turkey’s Celebi Aviation Holdings, have expressed an interest in buying some of Air India’s operations.
An interdepartmental group has been constituted to study and provide guidance on the "desirability and feasibility" to introduce a "central bank digital currency" and will submit its report by June
More than the RBI decision to keep rates unchanged, the tone of the policy is a pleasant surprise for the market
The repo rate, at which the central bank lends short-term money to other banks, will continue to stay at 6 percent.
MakeMyTrip's brands, including Goibibo and redBus, will leverage the large customer base of Flipkart to drive online bookings
The 30-share Sensex spurted by 393.60 points, or 1.19 percent, to 33,412.67 in opening trade. The gauge had lost 351.56 points in the previous session.
Taxpayers can approach field officers/nodal officers if there is a demonstrable glitch on the common portal due to which the due process could not be completed.
While starting an online business is pretty simple, going the long haul requires patience and willpower.
The CoC did not approve the offer from its promoters Binani Industries, which is pitching for Rs 7,266 crore offer from the Aditya Birla Group firm UltraTech Cement, due to legal implications, sources said.
The Madras High Court on Tuesday granted interim stay on Income Tax department proceedings against Cognizant, subject to the firm depositing 15 percent of Rs 2,800 crore dividend distribution tax demanded by the department,
State-owned Coal India accounts for over 80% of domestic coal output and is eyeing one billion tonnes of coal output by FY2019-20.
Flipkart, the SoftBank-backed company, which is locked in an intense battle for market leadership in India against US-based Amazon, claimed it had 51 percent share of the online market in the kids fashion category.
ICICI Bank on its part denied any conflict, saying it had not hired Avista Advisory Group run by Rajiv Kochhar, brother of Chanda Kochhar's husband Deepak, and did not pay any fee.
Paytm’s plan is to double down on what it is doing. Funds raised will be deployed to beef-up technology and build superior logistics, among other things.
Though the rise in petrol, diesel prices are high, people don’t make decision on transporting good based on these price fluctuations of Rs 11 or Rs 12 as it is not a dramatic rise.
The e-way bill rules have been modified this time round, following representations from industry based on the aborted and short-lived tryst with e-way bill two months ago
The 30-share BSE benchmark, which had lost 205.71 points on the last session of FY18 on Wednesday, rose 133.32 points, or 0.40 percent, to 33,102.00.
Touted as an anti-evasion measure, the e-way bill help boost tax collections by clamping down on trade that currently happens on cash basis.
Airlines maintained that data was leading to a "false illusion" about safety of the airlines.
The H-1B programme offers temporary US visas that allow companies to hire highly skilled foreign professionals working in areas with shortages of qualified American workers.
It has plans to list its branded apparel business, Arvind Fashions, into a separate entity
Producing 50,000 vehicles for Toyota would represent just a sliver of what Suzuki sold in India in 2017.
So who stands to benefit from an Ola-Uber merger? It is not the customers or the drivers as the monopoly will drain the market off of choices.
Keeping over Rs 33,000 crore debt on the books of the two airlines on offer could be the biggest hurdle to this stake sale.