In a major decision on divesting stake in state-run general insurance companies, the cabinet on Wednesday approved the public listing of 5 firms by which the government's shareholding in them would be brought down to 75 per cent. ....

The Reserve Bank of India (RBI) hiked the limit on daily withdrawal from ATMs from Rs 4,500 to Rs 10,000, but a day after the decision many ATMs across the national capital were without cash. ....

Digital payments are picking up in the country after demonetisation, Electronics and IT Minister Ravi Shankar Prasad said here on Tuesday, adding that this has led to transparency in transactions. ....

China's e-commerce giant Alibaba said on Tuesday that it has joined a group of 20 brands to fight counterfeit goods using data analysis. ....

The possibility of implementing the Goods and Services Tax (GST) by the Centre's targeted deadline of April 1, 2017, has receded with the ninth meeting of the GST Council here failing to agree on the contentious issue of administrative control of GST, Kerala Finance Minister Thomas Isaac said on Monday. ....

The RBI has admitted that it has no details of any irregularities or scams in the exchange of the demonetised currency notes of Rs 500 and Rs 1,000 by the cooperative banks, a reply under RTI revealed on Monday. ....

Even as vegetable prices plummeted 33 per cent, India's annual inflation based on wholesale prices rose marginally to 3.39 percent in December 2016 from 3.15 per cent for the month before, due to hardening of manufactured products and fuel prices. ....

Following the recent spurt in oil prices to well over $50 a barrel, state-run Indian Oil Corp (IOC) hiked prices of petrol by 42 paise a litre, and of diesel by Rs 1.03, both in Delhi and effective from Monday, with corresponding increases in other states. ....

Indian banker and New Development Bank chief (NDB) K.V. Kamath has said that cooperation between the five BRICS countries will be strengthened during Chinese presidency over the bloc in 2017. ....

Oil and Natural Gas Corporation Ltd.(ONGC) employees will now get their annual cash bonuses in the form of Khadi vouchers for buying Khadi garments, a top official said here on Saturday. ....