Business

Government has in-principle approved strategic disinvestment of loss-making subsidiary of India's largest steelmaker SAIL, Salem Steel Plant (SSP), Parliament was informed on Monday.

After calling for special relief measures for poor hit by demonetisation, industrialist Ratan Tata on Saturday termed the move as one of the three most important economic reforms that will help fight black money.

Extending losses for the fourth session, the rupee weakened by 21 paise to trade at fresh 9-month low of 68.46 against the US dollar in early trade on Wednesday.

Dispelling rumours of fake Rs 10 coin in circulation, RBI on Sunday asked people not to give credence to such canards and continue to accept these coins as legal tender in all their transactions without any hesitation.

Owners will be notified by mail starting Dec. 19. In the meantime, Fiat Chrysler says owners should be alert for fuel leaks and contact dealers if they spot one.

On September 23 this year, the cabin crew observed smoke from a mobile phone kept in a laptop bag in the overhead baggage rack in the flight.

The rupee recovered by 8 paise to 67.86 against the dollar in early trade today on fresh selling of the US currency by exporters and banks amid a higher opening in the domestic equity market.

Reversing its two-day fall, the rupee recovered by 19 paise to 67.55 against the US dollar in early trade today on fresh selling of the American currency by banks and exporters.

he new high-security Rs 500 notes were released to banks for distribution today and the lenders have been asked to make separate arrangements for the elderly.

The Reserve Bank of India (RBI) on Friday said there was enough cash made available with banks all over the country for exchange of demonetised Rs 500 and Rs 1,000 notes, though it may "take a while for the banks to recalibrate their ATMs".

Retail industry on Wednesday pitched for necessary banking alternatives for small traders and customers without access to credit card and electronic payment facilities in the wake of the demonetisation of Rs 500 and Rs 1,000 notes

Your 500 and 1,000 rupee notes will be worthless bits of paper this morning. But don’t panic! You won’t lose out if you follow these instructions from the Reserve Bank of India.

Sensex crashes 1,340 pts, Nifty plunges 476 points in pre-open session on black money crackdown and Trump's strong show in US poll.

Financial markets have favoured Democrat Hillary Clinton over Republican Donald Trump, whose wild policy pronouncements have sown uncertainty.

A look at the key notifications issued by the Reserve Bank of India on the scrapping of Rs 1,000 and Rs 500 currency notes:

Defying a smart rebound in local equities, the rupee today lost 4 paise against the US currency to end at 66.74 on fresh dollar demand from importers and corporates.