Banks should not be surprised when there is a sharp rise in bond yields. Rather, they should “know and understand this risk rather well,” said Reserve Bank of India (RBI) Deputy Governor Viral Acharya (pictured) to the association of bond investors, most of them being from banks.

“Interest rate risk of banks cannot be managed over and over again by their regulator,” Acharya said on Monday, delivering a stern message to banks.

Market regulator Sebi has approved appointment of Vijay Kumar as Managing Director and CEO of the countrys largest agri-commodity bourse NCDEX, a top official of the exchange said.

Kumar, a former chief business officer at NCDEX, is likely to assume the office next week.

New Delhi: The National Company Law Tribunal has approved the proposed merger between Vodafone India Ltd and Idea Cellular Ltd to create India’s largest mobile wireless company, the latter said in a filing to the stock exchanges on Friday.

The two companies now require only the Department of Telecommunications’s approval to proceed with the merger, having already received the green signal from both the antitrust watchdog Competition Commission of India and the Securities and Exchange Board of India, in July.

India's largest automaker Maruti Suzuki is on steady growth and has once again crossed the sales of over a million units in the Indian domestic market. The market leader sold a total of 1602522 units in 2017 reporting a double digit growth once again. Beating its own record the company sold 3 cars ever minute selling 4,390 cars every single day in 2017.

Maruti Suzuki cars have been dominating top-10 sales chart constantly through out the year with Maruti Suzuki Alto and new Maruti Suzuki Dzire being among the company's top selling cars.

Bharat Sanchar Nigam Limited (BSNL), the state-run telecom operator has decided to extend validity of its select mobile data plans by 43 per cent, and increased data offers by 50 per cent. “Bharat Sanchar Nigam Limited (BSNL) has introduced BSNL ‘Happy Offer’ for prepaid mobile customers – 43 per cent extra validity and 50 per cent additional data with unlimited local, STD and roaming calls for prepaid mobile customers,” the company said in a statement.

Two senior officers of ONGC are feared to have been killed along with two others in a helicopter crash off Mumbai on Saturday.

A Pawan Hans helicopter, which was heading to ONGC's north field with seven people on board, went missing off the Mumbai coast, official sources said.

An FIR was lodged here against Patidar quota agitation spearhead Hardik Patel for allegedly delivering a "political" speech at an educational and farmers' welfare event at a village in this district over two months ago, the police said on Saturday.

The complaint, filed by Jamnagar (rural) Sub-Divisional Magistrate (SDM) R K Patel, says that although permission was granted for organising an educational and farmers' welfare event at Dhutarpar village, it turned out to be a "political" programme with Hardik delivering the speech.

Indian Pepper and Spice Trade Association (IPSTA),one of the oldest pepper exchange in the world to trade in pepper futures, ceased to exist from January 10 th with Securities and Exchange Board of India (SEBI) granting an exit order. The regional exchange formed in 1957 decided to request for an exit order with no trading for more than one year, officials of IPSTA told FE. After the launch of national multi commodity futures exchanges, IPSTA has seen volumes dwindle and members have stayed away from trading in the past few years.

The US dollar fell to a more than three-year low against the euro on Friday, extending recent losses on expectations European Central Bank policymakers are preparing to reduce stimulus, while US stocks continued to rally and marked record closing highs. Optimism about fourth-quarter earnings boosted stocks. Bank shares climbed following quarterly results from JPMorgan Chase & Co and Wells Fargo. A global stock index registered an eighth straight week of gains.

The country’s largest IT services exporter, Tata Consultancy Services (TCS) continued its momentum of bagging multi-billion dollar deals with a multi-year contract from Transamerica worth over $2 billion, the company announced on Friday. Just last month, TCS had entered into a $2.25-billion IT outsourcing contract with Nielsen, a global TV rating measurement company. TCS said it will digitise the life insurance and annuities business of Transamerica, which is a leading provider of life insurance, retirement and investment solutions in the US.

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