An unfavourable base effect, along with higher prices of food items and those of primary articles, accelerated India's annual rate of inflation based on wholesale prices to a 7-month high of 2.59 per cent in December from 0.58 per cent in November. ....

A massive rise in food prices lifted India's December retail inflation to 7.35 per cent from 5.54 per cent in November, official data showed on Monday. ....

Tata Sons Thursday moved the Supreme Court challenging reinstatement of Cyrus Mistry as executive Chairman and director of Tata Sons and the three group companies -- Tata Consultancy Services Ltd (TCS), Tata Industries Ltd and Tata Teleservices (Maharashtra) Ltd. ....

In a shock to millions of passengers across the country, Indian Railways on Tuesday hiked passenger fares for sleeper class by 2 paise per kilometre and for 3AC, 2AC and AC first class by four paise per kilometre. ....

In a major push to the slowing economy, the Centre on Tuesday lined up infrastructure projects worth Rs 102 lakh crore across 18 states and union territories (UTs) in various sectors such as railways, urban development, health, water and education. ....

The Enforcement Directorate (ED) on Tuesday said it has attached properties to the tune of Rs 127 crore in Mumbai, Kolkata and Noida of Pixion Media Pvt Ltd and its group companies in its probe into a money laundering case involving bank fraud to the tune of Rs 2600 crore. ....

IMF has cautioned that if inflationary pressure continues, there will be limited room for RBI to cut interest rates to support growth. ....

The Modi government has been defending the multi-tiered rates under GST, saying there cannot be one rate given that different segments of society have to be taxed differently, but it has emerged that ordinary bicycles used mostly by the low-income group people attract 12 per cent GST while expensive electric bicycles are in the lowest slab of 5 per cent. ....

An immediate impact of RBI's version of 'operational twist' brought down 10-year bond yield by 15 basis points, giving a leg-up to the government in borrowing cheap. ....

Noting that the economy has gone through ups and downs in the past too, Prime Minister Narendra Modi on Friday cited macro economic data from previous governments to suggest that the economy would bounce back again with much vigour and strength. ....