Shaktikanta Das to be new RBI Governor

New Delhi (IANS) The government on Tuesday appointed former Economic Affairs Secretary Shaktikanta Das as the new RBI Governor, a day after Urjit Patel suddenly resigned.

"The Appointments Committee of the Cabinet has approved…

Sensex ends 190 points up as BJP showed sign of forming government in MP

Mumbai  (IANS) Short-covering, along with supportive global cues and chances of Bharatiya Janata Party (BJP) retaining power in Madhya Pradesh buoyed the Indian stock exchanges on Tuesday after a volatile trade session, with the S&P…

Urjit Patel's resignation signals dangerous trend: AIBEA

Chennai (IANS) Although the All India Bank Employees' Association (AIBEA) had earlier demanded RBI Governor Urjit Patel's resignation, his calling it quits on Monday has left the banking body shocked and disturbed and it has termed…

RBI Governor Urjit Patel quits

Mumbai (IANS): Reserve Bank of India (RBI) Governor Urjit Patel on Monday resigned from his post with immediate effect, citing "personal reasons".

"On account of personal reasons, I have decided to step down from my current…

Sensex nosedives over 700 points, Nifty ends below 10,500 mark

Mumbai (IANS): The Indian equity market slumped around two percent on Monday, with the S&P BSE Sensex shedding over 700 points, tracking a similar sell-off globally along with uncertainties over the upcoming results of the recently held state…

Direct tax collections at Rs 6.75 lakh cr till November

New Delhi (IANS): Showing an increase of 15.7 percent over the last year, the gross direct tax collections till November stood at Rs 6.75 lakh crore, according to provisional figures released on Monday.

This was despite a 50 percent rise in…

Global cues, oil prices drag equity indices lower

Mumbai (IANS) Broadly negative Asian stock exchanges along with a rise in global crude oil prices and domestic political uncertainty pulled the key indices of the Indian equity market lower during the morning trade session on Monday.

OPEC, allies agree to reduce crude production by 1.2 mn bpd

Vienna (IANS) The Organization of the Petroleum Exporting Countries (OPEC) and allied producers agreed to lower their production of crude oil by 1.2 million barrels per day for a six-month period.

The measure, which was spearheaded…

OPPO A7: Impressive selfie camera, good battery life (Tech Review)

New Delhi (IANS): Riding on the success of its latest popular "F" series smartphone -- "F9 Pro" -- Chinese smartphone maker OPPO recently launched its new offering in the "A" series" -- the "A7" -- for…

India's central bank keeps key lending rate intact at 6.5%

Mumbai (IANS): In its penultimate monetary policy review of the current fiscal, the RBI on Wednesday kept its key lending rate for commercial banks unchanged at 6.5 percent for the second time in succession.

The Reserve Bank of India also made…