Muted growth and subdued inflation prompted the Reserve Bank of India (RBI) on Thursday to lower its key lending rate for commercial banks by 25 basis points (bps) to 6 per cent. ....

In a startling revelation how political parties are using fake accounts to push their agenda on social media ahead of the general elections, Facebook on Monday announced removal of 687 spam Facebook pages and accounts connected to individuals associated with the Congress IT cell. ....

Bank of Baroda (BoB) has alloted Rs 52.42 crore worth of shares to the shareholders of the Vijaya Bank and Rs 24.84 crore shares to those of Dena Bank as the merger of the three banks came into effect on Monday.Bank of Baroda (BoB) has alloted Rs 52.42 crore worth of shares to the shareholders of the Vijaya Bank and Rs 24.84 crore shares to those of Dena Bank as the merger of the three banks came into effect on Monday. ....

The BSE Sensex on Monday touched a record high and crossed the 39,000 mark for the first time. ....

The amalgamation of Vijaya Bank and Dena Bank into the Bank of Baroda (BoB) will come into effect April 1 and all branches of the former two will function as branches of BoB. ....

Beleaguered liquor tycoon Vijay Mallya, who is facing extradition to India to answer charges of fraud and money laundering, on Sunday said that Prime Minister Narendra Modi's recent statement that assets worth much more the amount he owes to banks have been seized "vindicates" his stand that he is a BJP's "poster boy". ....

Jet Airways promoter and founder Naresh Goyal on Monday resigned from the company's board. ....

Anil D Ambani, Chairman of Reliance Communications, has thanked Reliance Industries Chairman, Mukesh Ambani and Nita Ambani for their support regarding payment of dues to Ericsson as all the RCOM's outstanding to the Swedish company stand cleared. ....

A court in London has issued an arrest warrant against fugitive Indian diamantaire Nirav Modi, accused in the Rs 12,700 crore bank, confirmed the Enforcement Directorate (ED) on Monday. ....

The Narendra Modi government has introduced the much-needed second generation reforms with several game-changing decisions over the last five years, said Finance Minister Arun Jaitley on Monday, cheering the GST introduction, saying it will increase the assessee base in the first twenty-one months of its implementation by almost eighty percent. ....