Kickstarting privatisation process in the banking sector, the government Tuesday invited bids to appoint the transactions and legal advisors to assist in strategic sale of its equity, along with transfer of management control, in IDBI Bank to...

The new Indian e-commerce rules will raise costs for all online retailers but particularly Amazon and Walmart's Flipkart as they may have to review their business structures, senior industry sources told Reuters. India's Ministry of...

State-level lockdowns to limit the spread of infection in the second wave of Covid-19 in India have had a major impact on the operations of most firms, as per a survey by industry body FICCI and Dhruva Advisors. 58 per cent of firms reported...

The Indian rupee slumped 24 paise to breach the 74 per US dollar level on Monday as participants turned risk-averse. At the interbank forex market, the domestic unit opened weak at 74.20 against the American dollar, pared some initial losses and...

Continuing foreign inflows –USD 8.1 billion YTD — has driven up the valuation premium of MSCI India index past 55 percent and 12 percent against MSCI Emerging Markets and MSCI World indices, respectively, by mid-June, according to a...

Oil prices nudged up on Monday, as there is a strong demand during the summer driving season and a pause in talks to revive the Iran nuclear deal that could show a delay in resumption of supplies from the OPEC producer. Brent crude...

Adani Power Limited (APL) which is the country's largest power producer in the private segment, is to buy the 1,200-megawatt (MW) Essar Power's Mahan Project located at Singrauli district of Madhya Pradesh. Resolution Professional of the...

Analysts are expecting Reliance Industries Ltd (RIL) might update investors about the proposed stake sale in its oil-to-chemical (O2C) business to Saudi Aramco and the Jio-Google phone at the annual meeting on June 24. Investors are expecting...

To preserve monthly pension benefits, the government may separate the provident fund and pension accounts of millions of formal sector workers covered by the Employees' Provident Fund Organization (EPFO). The move is being seen as a pension...

The country’s foreign exchange reserves surged by $3.074 billion to reach a record high of $608.081 billion in the week ended June 11, shows the latest data from the Reserve Bank of India (RBI) showed on Friday. The reserves had increased by...