Three Indians, including Reliance Industries (RIL) Chairman Mukesh Ambani and human rights lawyer Indira Jaising, feature in Fortune magazine as the 50 Greatest Leaders of 2018, released on Thursday. ....

Private equity (PE) and venture capital (VC) funds with adequate net worth and capability can bid for Air India (AI) through its strategic divestment programme, a senior government official said on Thursday. ....

Amidst reports of a cash crunch and empty ATMs, Finance Minister Arun Jaitley on Tuesday sought to assuage fears, saying "there is more than adequate currency in circulation", even as the government blamed "unusual demand" for shortages in some areas. ....

India's wholesale price-indexed (WPI) inflation softened to 2.47 per cent in March from 2.48 per cent reported for the previous month, official data showed on Monday. ....

The RBI on Thursday maintained status quo on its key short-term lending rate at 6 per cent at its first bi-monthly monetary policy review of the new fiscal, in line with what was being widely expected. ....

The CBI has registered a preliminary enquiry against Deepak Kochhar, husband of ICICI bank MD and CEO Chanda Kochhar, officials of the Videocon group and others to determine whether any wrongdoing was involved in the sanctioning of a Rs 3,250 crore loan to the Videocon Group by the ICICI Bank Ltd as part of a consortium of banks in 2012. ....

The Enforcement Directorate has arrested Firestar Group Vice President Shyam Sunder Wadhwa, a confidant of Nirav Modi, who is wanted in the multi-crore Punjab National Bank fraud case, an official said on Wednesday. ....

Key Indian equity indices on Friday opened on a subdued note following a global sell-off, with the Nifty50 of the National Stock Exchange (NSE) slipping below the 10,000-level. ....

In yet another fraud played on banks, a Chennai-based jeweller Kanishk Gold Pvt Ltd (KGPL) has been accused of defrauding a consortium of 14 banks led by the State Bank of India (SBI) to the tune of Rs 824.15 crore in the form of loans that have now been declared as non-performing asset (NPA). ....

The Supreme Court on Wednesday directed the Jaypee Associates to deposit Rs 200 crore as a part payment of the amount required to pay the principal amount to 2,800 home buyers seeking refund. ....