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New Rs 100 note coming in April, old not...

New Rs 100 note coming in April, old notes to be withdrawn gradually.

The Reserve Bank of India (RBI) will soon release Rs 100 denomination banknotes in the Mahatma Gandhi (New) Series, having the signature of Governor Urjit R Patel. However, the Rs 100 banknotes in the earlier series will continue to be a legal tender. According to Mint, RBI will start printing new... read more »

Paytm Payments Bank books Rs 30-cr loss ...

Paytm Payments Bank books Rs 30-cr loss in 7 months.

Paytm Payments Bank incurred losses of Rs 30.7 crore between August 2016 and March 2017 of FY17, the firm has said in its filing to Registrar of Companies (RoC). The company, however, is not considering this as losses but as operational costs, as it happened before the payments bank started... read more »

Market Live: Sensex gains over 150 pts, ...

Market Live: Sensex gains over 150 pts, Nifty firmly above 9900 ahead of RB...

12:40 pm Gold update: Gold prices were higher by Rs 61 to Rs 29,416 per 10 gram in futures trade as speculators widened their bets taking positive cues from the global market. At Multi Commodity Exchange, gold for delivery in October was up by Rs 61 or 0.21 percent to Rs 29,416 per 10 gram in... read more »

Ola raises $2 billion from Softbank, Ten...

Ola raises $2 billion from Softbank, Tencent, other investors.

Chinese internet giant has concluded a USD 2 billion fund raising from Tencent, Japan’s SoftBank and other US-based investors, according to multiple news reports. Tencent has concluded a $400 million investment in the Indian cab aggregator, according to a report in The Economic Times. The... read more »

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Economy

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Volkswagen pleads guilty in U.S. court in diesel emissions scanda...

DETROIT/WASHINGTON (Reuters) – Volkswagen AG pleaded guilty on Friday to fraud, obstruction of justice and falsifying statements as part of a $4.3 billion settlement reached with the U.S.... read more »

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U.S. extends leniency programme for companies that...

MIAMI (Reuters) – The U.S. Justice Department will extend a programme that offers companies leniency if they voluntarily tell authorities when... read more »

Lloyds, two others dismissed from yen Libor litigation ...

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NEW YORK (Reuters) – A U.S. judge on Friday dismissed Lloyds Banking Group Plc , ICAP Europe Ltd and Tullett Prebon Plc as defendants from litigation... read more »

Crunch week as Fed meets on rates, Trump team joins G20

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LONDON (Reuters) – After a year that tipped conventional wisdom on its head, the coming week might suggest a return to some sort of normality for the... read more »

Some bank bulls grow wary on policy uncertainty

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(Reuters) – Bank shares have been the runaway winners of the post-election U.S. stock market boom as investors wagered that higher interest rates,... read more »

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Investing

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India’s Avenue Supermarts IPO oversubscribed 106 times

MUMBAI (Reuters) – The last day of bidding for an initial public offering (IPO) by India’s Avenue Supermarts Ltd saw investors clamouring for the shares, tempted by the company’s... read more »

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India’s industrial output up 2.7 percent in ...

NEW DELHI (Reuters) – India’s industrial output rose 2.7 percent in January from a year earlier, government data showed on Friday. ... read more »

Volkswagen, Tata Motors plan to cooperate in India

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NEW DELHI/FRANKFURT (Reuters) – German carmaker Volkswagen said on Friday it had signed a memorandum of understanding to explore a partnership with Tata... read more »

Gold ETFs witness outflow of Rs 363cr in Apr-Aug FY 201...

NEW DELHI: Investors continue to pull out money from gold exchange-traded funds (ETFs), but the pace of outflow has slowed down in the current fiscal on... read more »

Gold hovers near three-week high as equities slip

Gold held close to its highest level in nearly three weeks on Monday, boosted by safe-haven demand after the Federal Reserve’s move last week to leave... read more »

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Gold & Metals

Gold futures gain 0.15% on firm global cues

NEW DELHI: Gold prices increased by 0.15 per cent to Rs 25,796 per 10 grams in futures trading today as speculators enlarged positions amid a better trend overseas. At the Multi Commodity Exchange,... read more »

Government cuts import tariff on gold and silver

NEW DELHI: The government has slashed import tariff value on gold to $375 per 10 grams and silver to $512 per kg following weak global price... read more »

Gold falls Rs 195 per 10 gram; silver down Rs200 per kg...

New Delhi: Taking weak cues from overseas markets and subdued demand from jewellers, gold on Tuesday plunged by Rs195 to Rs26,430 per ten gram and silver by... read more »

Gold near three-month low

Gold edged up on Monday, but remained near a three-month low as the dollar hit an 11-year high after a strong U.S. jobs report boosted expectations the... read more »

Gold Monetisation Scheme Should Be Investor Friendly: G...

After the announcement of a gold monetisation scheme in the Budget, the details of the scheme are keenly awaited. The scheme has the potential to attract Rs.... read more »

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4 Main Reasons for Rejection of Your Business Loan and How to Fix Them?

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Market Live: Sensex, Nifty remain sluggish; pharma stocks continue to bleed

Sun Pharma and Cipla were the top losers on both indices, while Maruti Suzuki, Mahindra and Mahindra, Eicher Motors and Hindalco gained the most. Moneycontrol News 2:45 pm Earning... read more »

RBI outlines broad plans on $150 billion bank bad loan resolution

The Reserve Bank of India (RBI) outlined the broad contours of a plan to resolve the $150 billion bad debt problem plaguing the country’s banks Mumbai: The Reserve Bank of India (RBI) outlined on... read more »