Business

The Reserve Bank of India (RBI) has cracked the whip on erring banks, by imposing penalties on them for violating the KYC (Know Your Customers) rules and anti-money laundering norms. The Central Bank imposed Rs 49.5 crore fine on 22 banks,…

Taking the excuse of fall of Rupee against the US Dollar, the oil companies have yet again increased the petrol prices by Rs 1.55 per litre - the fourth increase in six weeks. If we include VAT, the petrol will be costlier by around Rs 2…

The Indian Institute of Technology (IIT), which is considered as one of the reputed and revered institutes in the world, no longer remains the hot destination for many students. For the first time in the history of the IIT, a large number…

The Indian Rupee bounced back strongly on Tuesday to reach 59.72 against the US Dollar during the initial trade. Now, it's trading at 60.12. On Monday, Rupee has closed on 60.61 after touching a new low of 61.10. The check in Rupee's…

The Indian Rupee has breached the 61-mark against the USD and was hovering at 61.10 during the initial trading. On Friday, it had closed at 60.23 against the US Dollar. The previous lowest of Rupee came on June 26, when it hit the mark…

AirAsia, the new player in Indian Aviation is likely to start operations from October this year in the country. The company seeks to change Indian Aviation through offering low-cost flying. Head quartered in Chennai the Company has applied…

Despite strong observations from the PMO, Union Civil Aviation Minister Ajit Singh has backed the Jet-Etihad deal, triggering a crisis within the UPA-II government. The PMO has asked Ministry of Civil Aviation to look into concerns in the…

Gold prices on Friday declined by Rs. 1,150 to Rs. 25,650 per 10 grams, a 23-month low in the domestic market. The yellow metal seems to lose its demand in global markets after the US economy showed some signs of strength. However, no…

The oil companies increased the petrol price by Rs 1.82 per litre (excluding VAT) as the decline in the rupee for the past few weeks against US dollar made the oil imports costlier. The actual increase of the petrol for consumers is higher…

Oil & Gas stocks like Reliance Industries, ONGC and Oil India Ltd are trading high on Friday after the Cabinet Committee of Economic Affairs (CCEA) announced to hike gas price to $8.4 per million metric British thermal units (mmBtu),…