Finance Minister Arun Jaitley on Thursday held an hour-long discussion with Prime Minister Narendra Modi over appointment of new RBI Governor, a post that will fall vacant on September 4.

The high-profile meeting, which took place at the Prime Minister's residence here, is believed to have deliberated on various names who could succeed Raghuram Rajan, who demits office early next month on completion of his 3-year tenure.

MUMBAI: The rupee weakened 15 paise to 66.96 against the US dollar in early trade at the Interbank Foreign Exchange on Friday following increased demand for the American currency from banks and importers.

Moreover, the US dollar's gain against some currencies overseas put the rupee on the backfoot, forex dealers said.

MUMBAI: "Gift your family a raksha pack," is the sales pitch doing the rounds across Maruti Suzuki dealerships these days, coinciding with the festival of Raksha Bandhan. Maruti started offering airbags and anti-lock braking system (ABS) as an option — at an extra cost of Rs 6,000-20,000 on entry-level cars — a year ago, but the demand for these safety features has been dismal.

For the second year in a row, Indian Railway Catering and Tourism Corporation (IRCTC) has made it to the prestigious Fortune India Next 500 list of Indian companies, with the Railway Ministry PSU improving its ranking to 199 from 328 in 2015.

The awards, which recognise the outstanding contributions of the companies made during last year, will be presented on Friday (Aug. 19) as a part of Fortune India?s The Next 500 summit at Leela Palace hotel here.

National Mission for Clean Ganga (NMCG) has signed an MoU with Indian Oil Corporation Ltd (IOCL) as per which IOCL will use treated water from a new sewage treatment plant (STP) in its Mathura refinery.

The construction work for the new STP in Mathura began on August 17, 2016. The treated water from this STP will be used by industries in the neighbouring areas. The 20 million litre per day (MLD) STP in Vrindavan will be built at a cost of Rs 40 crore.

State Bank of India (SBI) & its listed associate banks mainly State Bank of Travancore (SBT) and State Bank of Bikaner & Jaipur (SBBJ) have rallied by up to 9% on the BSE in early morning trade after SBI on Thursday approved the share swap ratios for the merger of five associate banks and Bharatiya Mahila Bank with itself.

SBI will issue 28 shares of Rs 1 each for 10 shares of Rs 10 each for the SBBJ, and 22 shares for 10 shares of the SBT. Likewise, shareholders of SBM will also get 22 shares in SBI for every 10 shares held by them in SBM.

Leading stock exchange BSE will shift stocks of seven firms to the restricted trading category from August 26 for not complying with listing obligations and disclosure norms.

In a circular, BSE said it would shift the scrips to the Z group, wherein their scrips would be settled on trade-for-trade basis.

Tata Consultancy Services (TCS), India's leading information technology (IT) services provider, and JetBlue, one of the leading airlines in the US, are ramping up their relationship to strategically optimise and transform key business channels and enhance digital customer touch points.

During a three-year relationship, JetBlue has leveraged TCS' airline expertise to develop new platforms, and for quality assurance and infrastructure services.

Private lender ICICI Bank Thursday went live with a product that was showcased first at a start-up competition which allows customers to do banking transaction while using other application on mobile phones.

Customers can transfer money, pay bills and recharge from within any application or browser using smartphone keyboard which will reduce transaction time, the bank said in a statement today.

Calcutta, Aug. 17: The Centre expects to collect Rs 23,944.4 crore from Coal India subsidiaries in the current fiscal as clean environment cess.

The levy on coal, lignite and peat came into effect from August 2010, and the budget this year has doubled it to Rs 400 per tonne from Rs 200 per tonne.

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