The Union cabinet in its meeting on Wednesday would take up proposals to relax foreign direct investment (FDI) in various sectors, including single brand retail and digital media, as announced by Finance Minister Nirmala Sitharaman in her maiden Budget last month. ....

On Monday, the government won and the RBI lost in what turned out to be an attritional war that saw a Governor being scalped. One can argue that the central bank works at the pleasure of the government and the RBI Act says this with great clarity. Mint Street after its board meeting announced that it will transfer a surplus of a little over Rs 1.76 lakh crore to the government. ....

Visiting Indian Prime Minister Narendra Modi launched the RuPay Card, an Indian indigenous equivalent of Mastercard or Visa, in the UAE on Saturday and brought 1 kg of laddoo using the card. ....

Lower prices of key transportation fuels along with food articles eased India's annual rate of inflation based on wholesale prices to 1.08 per cent in July from 2.02 per cent in June. ....

Reliance Industries (RIL) Chairman Mukesh Ambani on Monday announced the launch of Jio GigaFiber and said that the services would be available commercially from September 5. ....

The Reserve Bank of India on Wednesday broke with convention by reducing its key lending rates by 35 basis points which is expected to make home and auto loans cheaper and rev-up the economy by unleashing consumption. ....

The benchmark Sensex fell over 580 points on Monday over sustained outflow of foreign funds and poor global investor sentiments. ....

Close on the heels of Union Budget providing tax relief for buying electric vehicles, the GST Council in its 36th meeting on Saturday cut the tax on electric vehicles (EV) from 12 per cent to 5 per cent effective August 1, 2019. ....

A Spicejet technician died in an accident early on Wednesday while carrying out maintenance work on an aircraft at the NSCBI airport here, a highly placed official said. ....

The Supreme Court on Tuesday asked the central government to come up with a solution to protect the interests of home buyers. ....