Business

Reliance Capital has sold its nearly 1 percent stake in popular digital payments firm Paytm for Rs 275 crore to China's Alibaba Group in a deal reaping huge gains for the Anil Ambani-led group firm.

The 30-share Sensex slumped further by 88.05 points, or 0.30 per cent, to 28,751.74 with FMCG, IT, technology, power, bank, auto and capital goods stocks declining by up to 0.83 per cent.

Robust GDP data for the December quarter allayed market fears as the Sensex on Wednesday rallied over 241 points to end at about a six-month high of 28,985 amid firm global cues.

Submission of Composite Claim Form (Aadhaar)/(Composite Claim form (Non-Aadhaar) duly signed by the EPF subscriber shall be construed as 'self-certification' for the said partial withdrawals, for which no document would be required to be submitted to the...

Forex dealers said increased demand for the US currency from importers and the greenback's gains against other currencies overseas, put pressure on the rupee.

The demonetisation drive in India had a "significant impact" on PepsiCo's business in the country in the last quarter of 2016 and there are still "lingering effects" of it, according to the food-and-beverage giant's India-born CEO Indra Nooyi.

For the second day, the Sensex broke free Friday, shooting up nearly 425 points, and the Nifty wrested back control of the 8,800-mark in early session on substantial gains across the spectrum, driven by increased foreign capital inflows.

Seeking to create a global-sized bank, the Cabinet on Wednesday gave the go-ahead to the merger plan of SBI and its five associates, a step aimed at strengthening the banking sector through consolidation of public banks.

With a clutch of high-profile co-founders gunning for the Infosys board, Chairman R Seshasayee on Monday appeared defiant in the face of biggest crisis at India's second-largest IT firm, saying he has been elected by shareholders and has a job to do that...

NR Narayana Murthy, the founder of Infosys in the middle of a storm about corporate governance practices at the company, told CNN-News18 that Chief Executive Officer Vishal Sikka is doing a good job, but the actions of the board could have been better.

Over a month after the end of 50-day demonetisation period, the RBI on Wednesday said it is reconciling data on junked 500 and 1,000 rupee notes with physical cash and the “final numbers” will be divulged after June 30, the day when all windows for deposi...

RBI's decision to keep rates unchanged caught the stock markets off-guard on Wednesday with a sharp plunge in the Sensex within minutes of the policy announcement amid a heavy pounding of bank stocks, but a quick recovery saw the index limiting its losses...

Besides, caution prevailed ahead of RBI monetary policy review tomorrow which cast a shadow on sentiments, they added.

There is little clarity as to what is being done about the remaining 1130 crores, its utilisation and the actual results we are seeing on the ground and now, add to this a figure of an additional `28 crores.

11 new schemes for SC and 8 for ST have been introduced in 2017-18, said activist.

Reacting to Union Budget 2017 presented by Finance Minister Arun Jaitley, Congress MP and former Union minister Shashi Tharoor told News18.com that he did not find anything extraordinary in the budget to get excited about and the agricultural policies we...