Business

The major losers on the Sensex included Indusind Bank, Tata Motors, TCS, Yes Bank and L&T.

Bimal Jalan, the 77-year-old ex-bureaucrat, was appointed to chair the panel late last month, just weeks after a fierce row over central bank independence led to a change at the top of the RBI.

India is currently the world's sixth-largest economy with an annual GDP growth rate of 7.5 per cent.

Gautam Singhania had filed the suit in September 2018 seeking an injunction on the proposed book, and also sought a copy of the book's manuscript.

The boards of the both the lenders fixed a share exchange ratio at 568 equity shares of Bandhan Bank with face value of Rs 10 for 1,000 shares of Gruh Finance which has a face value of Rs 2 each.

According to the CSO data, the expansion in activities in 'agriculture, forestry and fishing' is likely to increase to 3.8 per cent in the current fiscal from 3.4 per cent in the preceding year.

Except for jobs, the rates of expansion slowed slightly in India to form a somewhat disappointing end to 2018, said a survey.

The bill also recommends deterrent punishment for promoting or operating an unregulated deposit taking scheme and also stringent punishment for fraudulent default in repayment to depositors.

The scrip of Dena Bank plummeted by 19.77 per cent to Rs 14.40 while shares of Vijaya Bank plunged by 7.44 per cent to Rs 47.25.

PPBL in June last year was asked to stop adding new customers after an audit by the RBI that made some observations about the bank's KYC processes.

This is the second straight monthly reduction in rates and the biggest single cut ever. Prices were slashed by 10.9%, on December 1.

In the near-term, the trend in the US dollar, oil price and ensuing general elections will determine the direction for the local unit. Meanwhile, the dollar index was trading down by 0.26 per cent at 96.15 against a basket of six currencies in the late af...

Stock market is expecting a volatile year ahead with a host of domestic and international factors expected to drive its movement including the national elections.

The demand will also be supported by festivals, evolving lifestyle, and demographic dividend.

Foxconn will invest 25 billion Indian rupees to expand its plant for iPhone production, Tamil Nadu's Industries Minister M C Sampath said. The investment may create as many as 25,000 jobs, he added.

A secular democracy, as defined by former US president Franklin Roosevelt, guarantees freedom of faith, freedom of expression, freedom from fear and freedom from want, Narayana Murthy said.