Coal India Ltd (CIL) on Saturday reported a 20.25 percent fall in consolidated net profit to Rs 2,884.47 crore in the quarter ended December 31, 2016 against Rs 3,617.18 crore in the corresponding quarter last year. ....

A bank employee, who says he was wrongly accused in a case of exchanging old currency notes, has committed suicide in West Bengal's Howrah district, Government Railway Police (GRP) officials said on Saturday. ....

The Reserve Bank of India on Saturday said it needs to be careful on divulging the post-demonetisation deposit amount as the figure needs to be verified first and should not be just an estimate. ....

Trade union leaders at the ailing Hindustan Motors (HM) on Saturday expressed disappointment over the management's decision to sell the iconic Ambassador brand to French auto major Peugeot SA. ....

Tamil Nadu Governor C. Vidyasagar Rao may wait till the Supreme Court delivers its judgement in the DA case against AIADMK General Secretary V.K. Sasikala, among others, before calling her to form the government, according to reports. ....

India's largest public sector lender State Bank of India (SBI) on Friday reported a 134.01 per cent increase in its standalone net profit to Rs 2,610 crore in the 2016-17 fiscal's third quarter ended December 31, on low provisioning for bad loans and stake sale in SBI Life Insurance. ....

The central government has appointed three members on the local boards of the Reserve Bank of India, the apex bank announced on Friday. ....

The Reserve Bank of India (RBI) will keep a close watch on certain data like crude oil prices, US economic data and monsoon, to consider a future cut in its lending rates, Vice Chairman and Chief Executive Officer of HDFC Keki Mistry said. ....

National passenger carrier Air Indias balance sheet needs to be restructured as part of its financial transformation, Minister of State for Civil Aviation Jayant Sinha said on Thursday. ....

Admitting that the proposed Goods and Services Tax (GST) is a key reform which will simplify the tax compliance, the e-commerce players on Thursday, however, said the proposed tax collection at source will hurt lakhs of small sellers by making online sales expensive and cumbersome for them. ....