The Reserve Bank of India (RBI) on Thursday said capital, asset quality and profitability would be the basis of the Prompt Corrective Action (PCA) framework on which the banks would be monitored and has defined three kinds of risk thresholds. ....

Services sector is likely to attract a higher tax rate of 18 per cent from the current 15 per cent under the Goods and Services Tax (GST) regime, thus making services "slightly" more expensive, Revenue Secretary Hasmukh Adhia has said. ....

Google has introduced Areo, one single app for food delivery and home services, currently live in Bengaluru and Mumbai on Android devices. ....

Global software major Infosys Ltd has posted Rs 14,353 crore consolidated net profit for the fiscal 2016-17, registering 6.4 per cent annual growth from Rs 13,491 crore in the fiscal 2015-16. ....

Software major Infosys has posted a Rs 3,603 crore consolidated net profit for the fourth quarter (January-March) of fiscal 2016-17, registering flat (0.2 per cent) year-on-year (YoY) growth from Rs 3,597 crore year ago. ....

The International Monetary Fund (IMF) chief Christine Lagarde said the world economy is witnessing a cheerful "spring", but warned "sword of protectionism" would overshadow trade outlook. ....

Australian Prime Minister Malcolm Turnbull on Thursday said it might not be possible to reach a free trade deal with New Delhi, despite his and Indian Prime Minister Narendra Modi's attempts to revive talks. ....

India's factory output contracted by (-)1.2 per cent in February, as manufacturing activity dipped, official data showed on Wednesday. ....

A court here on Wednesday issued open-ended non-bailable warrant (NBW) against liquor baron Vijay Mallya in case of alleged violation of foreign exchange rules. ....

Aircel on Wednesday announced free incoming calls on national roaming. ....