In a reform measure aimed at further consolidation, the government on Monday announced the merger of three state-run banks--Dena Bank, Vijaya Bank and the Bank of Baroda--that will make it the country's third largest bank with a combined business of Rs.14.82 lakh crore. ....

The rise in domestic fuel prices continued unabated on Sunday, with the price of petrol nearing the psychological Rs 90 a litre mark in Mumbai and the fuel selling at Rs 89.29 under the dynamic pricing regime. ....

India's annual rate of inflation based on wholesale prices eased to 4.53 per cent in August from a rise of 5.09 per cent in July, official data showed here on Friday. ....

Continuing its downward trend, the Indian rupee hit a new low of Rs 72.91 on Wednesday morning. ....

Former RBI Governor Raghuram Rajan has said that a big number of non-performing assetes (NPAs) originated in 2006-08 when India's economic growth was strong while some banks proved inadequate in making proper due diligence ....

Continuing its slide, the Indian rupee touched another fresh low of 72.35 on Monday, weakening by 62 paise from its previous close of 71.73 per US dollar. ....

Union Petroleum Minister Dharmendra Pradhan on Saturday said a weak Indian rupee against the US dollar and supply side constraints have led to high domestic fuel prices. ....

Union Minister Nitin Gadkari on Thursday said that commercial vehicles such as buses, taxis and rickshaws powered by alternative fuels such as "Ethanol, Methanol, Bio-diesel and CNG" will be exempted from the requirement of a permit. ....

The Indian rupee plunged to a fresh record low of 71.75 to a dollar during the morning trade session on Wednesday. ....

High crude oil prices and negative global cues pulled the Indian rupee to a new record low of 71.58 per US dollar on Tuesday. ....