Usha Thorat, deputy governor of the Reserve Bank of India (RBI) in her speech at a banking conference announced that the central bank has deregulation of savings bank deposit rate on its agenda.

The Indian rupee started marginally higher on Wednesday and advanced slightly further from the day's open so far. However, the domestic equities floating in the negative terrain and a battered euro overnight against the greenback restricted rupee gains ...

PTI, September 7, 2010 (New Delhi) Petrol and diesel prices have been hiked marginally from Tuesday midnight, following the government's decision to raise the commission paid to petrol pump dealers.

Tata Steel is in talks with banks to raise between US$4.5 bn to US$5.5 bn loan to refinance debt at its European unit Corus, according to a report.

Mumbai: Indian shares erased early losses and turned positive on Wednesday morning, helped by continued fund inflows. At 11:20am, the 30-share BSE index was up 0.01% at 18646.55 points, with 14 components advancing.

PTI | 12:09 PM,Sep 08,2010 Washington, Sep 8 (PTI) The US says it will look to India to see what "changes" can be made to the Nuclear Liability Bill just passed by Parliament in the wake of concerns over making suppliers of equipment also liable in the ...

Maruti Suzuki India (MSIL), the country's largest carmaker, plans to invest around Rs 1925 crore for setting up a third plant at its second facility in Manesar.

Private carrier SpiceJet will be starting international flights to Kathmandu and Colombo on October 7, confirmed Director Kishore Gupta.

NEW DELHI: India Inc's merger and acquisition activity seems to be fading as the month of August was the leanest since September 2009 with total deal volume of $ 4.2 bn.

State-run Bank of India's loan exposure to air carriers does not exceed Rs 40 billion, Executive Director M. Narendra told reporters on Wednesday.

Prism Cement (down 2.93%), Birla Corporation (down 1.69%), Shree Cement (down 0.79%), Binani Cement (down 0.88%), Madras Cements (down 1.93%), India Cements (down 1.89%), and Chettinad Cement Corporation (down 1.36%), edged lower.

In a country where more than a third live below the poverty line and millions go with just one meal a day, it seems almost criminal that the government would allow food grains procured for the public distribution system to rot.

The Reserve Bank of India (RBI) governor Duvvuri Subbarao on Tuesday pitched for higher compensation for public sector bank (PSB) employees, for they have to compete with private sector banks on a level-playing field.

After a two-year break in the US, the Rs 17000 crore RPG group has finalised acquisition of America's largest manufacturer of steel towers used in power transmission.

The home-loan battle between State Bank of India (SBI), the country's largest lender, and Housing Development Finance Corporation (HDFC), the largest mortgage financier, shows no signs of ending.

Life insurance companies are busy launching new versions of unit-linked insurance plans (Ulips) that will meet the new guidelines laid out by the Insurance Regulatory and Development Authority (Irda) of India.

By Team Mangalorean, Mangalore Mangalore Sept 7: The general bandh called by the various Trade Unions and PSUs in the state against price rise was a total failure today.

NEW DELHI: The industrial houses that promise a greater commitment to financial inclusion may have a better chances of securing bank licences, as the finance ministry is keen to include stringent conditions to ensure that new banks do not merely add to ...

PTI, September 7, 2010 (New Delhi) Akai India on Tuesday forayed into the Indian mobile market with the launch of ten new handsets with a price tag between Rs 1800 and Rs 8000.

The United Kingdom's Commercial Secretary to the Treasury Lord James Sassoon on Tuesday said 10 Indian banks had shown interest in opening branches in the UK.