New Delhi: Rahul Gandhi has been elected unopposed as Congress president, party’s central election authority head Mullappally Ramachandran announced on Monday.

Rahul Gandhi will collect the certificate formally declaring his ascension to the post on December 16, he told reporters here. The 47-year-old scion of the Nehru-Gandhi family was the lone candidate in the fray. He is the sixth member of the Nehru-Gandhi family to take over the top post.

The stocks of Maruti Suzuki India had hit an all-time high on Monday. The company added another 1.4 per cent gains to hit a fresh record high of Rs 9,167.70 after the global brokerage house raised target price.

Morgan Stanley has retained its overweight call and raised target price to Rs 10,563 (from Rs 9,102 per share). The decision implied a 16.8 per cent potential upside from Friday's closing price.

Russia, China and India on Monday condemned terrorism in all forms and reaffirmed their determination to prevent and counter it.

The three countries also said those committing, organising, inciting or supporting terrorist acts must be held accountable and brought to justice.

Automaker Ford India on Monday said it will increase prices of its models by up to 4 per cent from January to partially offset the impact of rising input costs.

"The price increase is necessary due to several external factors, such as frequent fluctuations in commodity prices and rising input and freight costs," Ford India Executive Director - Marketing, Sales and Service, Vinay Raina said in a statement.

Prime Minister Narendra Modi’s allegations that Pakistan was trying to influence the outcome of the assembly elections in Gujarat was “utterly baseless and irresponsible”, the neighbouring country has said.

“India should stop dragging Pakistan into its electoral debate and win victories on own strength rather than fabricated conspiracies, which are utterly baseless and irresponsible,” spokesperson of Pakistan’s ministry of foreign affairs Mohammad Faisal tweeted on Sunday.

New Delhi: Taking the fight to the arena used by fraudsters promising prize money from the Reserve Bank of India (RBI), the central bank has itself launched an SMS campaign and a 'missed-call' helpline to warn people against such scams.

Typically, such fraudsters make calls or send SMSes and emails to gullible people promising lotteries and prize money from the Reserve Bank -- at times from the RBI Governor himself -- to trap them into sharing their banking account details or paying some 'fees or charges' to get the money.

After slashing the Goods and Sales Tax (GST) rates of over 200 items last month, the government on Saturday hinted at reviewing levies on the items in the top 28 percent tax bracket.

On 10 November, the GST Council, headed by Finance Minister Arun Jaitley, had lowered GST rates on over 200 items, ranging from chewing gum to chocolates, to beauty products, wigs and wrist watches.

Mumbai: The troubles that have rocked Infosys over the past year show no signs of going away in a hurry amid growing suspicion that a very senior official in the $10-billion software major is probably behind the latest letter to securities regulator Sebi seeking to nix the company's petition to settle through the consent route the disclosure lapses relating to the severance package paid to its former CFO Rajiv Bansal.

The consent mechanism allows a party to settle disputes or suspected wrongdoing without the admission of guilt.

Mumbai: At least three state-run lenders—Punjab National Bank (PNB), Syndicate Bank and Indian Bank—are likely to launch their qualified institutional placement (QIP) offerings in the coming weeks, said three people aware of the development. Collectively, these three state-owned lenders are targeting to raise around Rs6,000-7,000 crore.

QIP is a capital-raising tool through which listed companies can sell shares, fully and partly convertible debentures, or any securities other than warrants that are convertible into stocks, to a qualified institutional buyer.

Mumbai: Post the merger of its five associates, State Bank of India (SBI) has changed names and Indian Financial System Code (IFSC) codes of nearly 1,300 of its branches. The country’s largest lender has changed the names and IFSC codes of branches located in major cities such as Mumbai, New Delhi, Bengaluru, Chennai, Hyderabad, Kolkata and Lucknow, among others.

“Some of our old associate branches are getting merged with SBI branches. When that merger happens, the IFSC codes get changed,” the bank’s managing director (retail and digital banking), Praveen Gupta, said.

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