India's annual rate of inflation based on wholesale prices softened in March at 5.70 per cent after having risen to over a three-year high of 6.55 per cent in February on rising food and fuel prices, official data showed on Monday. Industry said its upward push on retail inflation could dampen the possibility of an RBI rate cut. ....

Industry chamber Assocham on Sunday asked the government to clearly define the scope of e-commerce under the Goods and Services Tax (GST) regime, as the current definition is wide enough to even cover commodity derivatives exchanges. ....

Petrol price will be up by Rs 1.39 per litre, while diesel price will go up by Rs 1.04 per litre from Sunday, the Indian Oil Corporation announced on Saturday. ....

Global oil prices rose more than 1.8 percent on Saturday, but analysts remained cautious about record-high crude inventories. ....

The Punjab government on Saturday announced the setting up of an Expert Group to assess the quantum of agricultural debt and suggests ways and means for its waiver. ....

The Reserve Bank of India (RBI) has issued a new set of enabling provisions to resolve the problem of banks' mounting non-performing assets (NPAs), or bad loans. ....

Prime Minister Narendra Modi on Friday said that the BHIM-Aadhaar digital payments platform can revolutionise the Indian economy. ....

A 20-year-old electrical engineering student from Maharashtra's Latur town, Shradha Mengshete has bagged the Rs 1 crore Mega Draw for Lucky Grahak Yojana. She had made a transaction of Rs 1,590 through her RuPay card to pay an EMI for her new mobile phone. ....

Demonetised currency notes worth Rs 30 crore were seized from a former corporator's house in the Bengluru's western suburb, police said on Friday. ....

Facebook's photo-sharing app Instagram has surpassed Snapchat in daily active users of "Stories" feature, though the format was first launched by Snapchat in 2013. ....