Sudha Balakrishnan, former vice-president of National Securities Depository Ltd (NSDL) will be appointed as Reserve Bank of India’s (RBI) first chief financial officer.

A RBI spokesperson confirmed the development.

The stock markets extended gains on Monday as investor sentiment improved following a 6 per cent slump in global oil prices.

Gaining for the third day, the Sensex ended at 35,165.5, up 241 points, or 0.7 per cent. The Nifty rose 83.5 points, or 0.8 per cent, to 10.688.7. Both the indices have rebounded 2.5 per cent in the last three trading sessions. In the preceding week, they had dropped 3.4 per cent each amid a sharp uptick in oil prices and drop in the rupee’s value against the dollar.

Engineering conglomerate Larsen & Toubro (L&T) reported a 5 per cent year-on-year increase in its consolidated profit after tax (PAT) at Rs 31.70 billion for the quarter ended March 2018 on improved operational performance, surpassing the Bloomberg consensus estimate of Rs 29.95 billion. The company, which beat its revised guidance for order inflow in the last financial year, remains optimistic of a promising year ahead for new orders.

Rajesh Goel, senior vice-president and director (sales & marketing) at Honda Cars India, wants to keep the new Amaze away from buyers in the taxi- and fleet-segments.

In a similar way, Tata Motors has discouraged sales of the two latest cars — the Tigor and Tiago — to the taxi segment. Carmakers have turned cautious and no longer want to drive personal-segment buyers away from a product in their pursuit of commercial sales.

While you may not get confirmed berths each time you book a train ticket, you can find out if your ticket stands a chance of being confirmed thanks to a new predictive service on the IRCTC website, officials said on Monday. At midnight, the new and refurbished IRCTC website went live; and now, it will let Indian Railways passengers know the probability of confirmation of wait-listed tickets based on a new algorithm developed by the Centre for Railway Information Systems (CRIS).

President Donald Trump and Japanese Prime Minister Shinzo Abe on Tuesday agreed that it is "imperative" to completely dismantle North Korea's nuclear weapons and ballistic missile program, the White House said.

During a telephone call, the pair "discussed recent developments in North Korea and confirmed they would meet again to continue close coordination in advance of the expected meeting between the United States and North Korea," a statement read.

Shares of Reliance Communications (RCom) have moved higher by 11% to Rs 15.85 per share on the BSE in noon deal after the company said that the National Company Law Appellate Tribunal (NCLAT) fixed the appeals against the National Company Law Tribunal (NCLT) orders for hearing tomorrow i.e. Tuesday, May 29, 2018.

Bharat Sanchar Nigam (BSNL) feels a merger with MTNL will be positive for both the companies, but there are a few impediments like the latters huge debt and the difference between pay scales which need to be sorted out, a top official has said.

However, there is no specific plan on the merger in the works at present, beyond the appointment of a consultant by the Government.

With coal stock of some power stations in the national capital region falling to an alarming level, Coal India and Railways are rushing coal supplies to Dadri and Badarpur power plants of the NTPC.

A Coal India statement issued tonight said against the linked requirement of seven rakes to these plants, movement of at least 10 rakes are planned to avert the crisis.

Public sector banks have had a nightmare of a quarter and Mumbai-headquartered Bank of Baroda (BoB) was no different. The third largest public sector lender reported a nasty loss of Rs3,102 crore for the fourth quarter of fiscal year 2018, far higher than the most pessimistic expectation of analysts.

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