Business

New Delhi: Reserve Bank Governor Sanjay Malhotra Monday said the central bank is keeping a watch on the development around Rs 590-crore alleged fraud at IDFC First Bank, and assured “it was not a systemic issue". Private sector IDFC First Bank had Sunday disclosed a...

New Delhi: Finance Minister Nirmala Sitharaman Monday said it is too early to comment on the tariff changes announced by the United States. She added that the Commerce ministry is reviewing the situation. On Friday, the US Supreme Court gave a verdict against the sweeping...

New Delhi: Shares of IDFC First Bank tumbled 20 per cent Monday after the private sector lender disclosed a Rs 590-crore fraud committed by its employees and others in accounts held by the Haryana government. The stock nosedived 19.99 per cent to Rs 66.85 --...

New Delhi: Finance Minister Nirmala Sitharaman Monday came down heavily on banks resorting to mis-selling of financial products, including insurance, saying it is an offence under the Bharatiya Nyaya Sanhita (BNS). "Banks should concentrate on their core business... My pet peeve has always been .......

New Delhi: Supreme Court Monday orally observed that pre-2018 land acquisition cases cannot be reopened for the grant of compensation with interest to the farmers whose land had been acquired under the NHAI Act. The observation was made by a special bench comprising Chief Justice...

New Delhi: Domestic macroeconomic data, monthly F&O expiry and global developments following US President Donald Trump's tariff hike after the Supreme Court verdict are likely to keep equity markets volatile next week, analysts said. Besides, the trading activity of foreign investors, developments between the US...

New Delhi: Amid criticism by Opposition parties, a top law commission official Sunday described the four labour codes as a reform that offers the potential to create a more "inclusive and future-ready labour market" in the country. The official said the codes stand among the...

New Delhi: The combined market valuation of six of the top-10 valued firms climbed Rs 63,478.46 crore last week, led by Larsen & Toubro and State Bank of India, which emerged as the biggest winners. The 30-share BSE Sensex rose 187.95 points, or 0.22 per...

New Delhi: India's crude import strategy is entering a phase of calibrated rebalancing rather than abrupt realignment, with Middle Eastern suppliers led by Saudi Arabia regaining market share even as Russian volumes remain significant but increasingly shaped by geopolitics and compliance constraints, according to shipping...

New Delhi: India and the US have decided to reschedule the proposed meeting of their chief negotiators in Washington to finalise the text of the interim trade pact, sources said Sunday. The Indian team was scheduled to start the three-day meeting February 23. "With regards...