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Forex reserves fall by $2.89 bn

Foreign currency assets fall by $2.65 bn to $325.66 bn

More room for base rate cut in the next few months: Axis Bank

At present, Axis Bank's base rate is 9.85%

Amtek Auto shares soar 54% after promoter infusion

Firm has been the subject of adverse news for a month due to high debt and suspension of earlier rating by CARE

Sensex to touch 33,954 by Sept 17, says CLSA

Lower inflation, developmental politics and rising domestic equity inflows suggest bright outlook over longer term

Odisha faces 500 Mw peak power shortfall

Few units of NTPC at Talcher and its super thermal power station at Kaniha are under maintenance

Govt must sort out differences over GST: Rahul Gandhi

Hints Congress may not back bill if maximum 28% tax rate under new regime and dispute resolution mechanism aren't addressed

Renaissance launches maiden property in Lucknow

The luxury hotel chain is also exploring the future business opportunities in other major towns of Uttar Pradesh

SAT asks Sebi to fast track AstraZeneca delisting

The company's delisting plans had been pending as the regulator was probing an alleged collaboration between the company and the Elliot Group of investors

Illicit trade caused Rs 39,239 cr loss to government exchequer: Ficci

The loss to the government is inclusive of both indirect and direct taxes

Allen Solly brand to touch Rs 1,000 cr sales

There are 235 Allen Solly exclusive stores across country presently

Corporation Bank to get Rs 857 cr capitalisation by September

The bank was eying a credit and deposit growth of around 12% this financial year

Viswa & Devji Diamonds to launch e-commerce site, expand business

The company is launching its second exclusive diamond jewellery showroom in Chennai this month

OnlineTyari raises Rs 5 crore from VC firm 500 startups, Mohandas Pai, others

Platform helps people prepare for tests like civil services, UPSC, GATE etc

Car sales increase 6% in August

Commercial vehicles continue to grow, two-wheelers impacted by sharp decline in motorbike sales despite growth in scooter sales

Four e-tail players join India's super-rich club

Most new entrants come from FMCG, manufacturing, mobile phone and technology sectors

IndiGo profit zooms to Rs 1,304 crore in 2014-15

Revenue rose 22% from Rs 11,432 crore; profit driven by low fuel cost, higher traffic, yields

RIL's start-up hub Fall 2015 batch includes two Israeli start-ups

These include In*Q*Sec, a start-up that enables continuity of network operations, and eLoan, which enables instant peer to peer lending

Congress says Modi is 'dagaabaaz' while PM says the party is 'hawalabaaz'

The verbal slugfest had been triggered after Sonia Gandhi in her address at the CWC meeting referred to PM Modi's loud assertions as 'hawabaazi' (empty boasting)

Nod to installation of mobile towers on government buildings

Problems in installing towers and spectrum constraints are major problems for call drops

Sitharaman urges India Inc to 'choose its own destiny'

The Commerce Minister urged India Inc to "choose its own destiny" and to capitalise on India's demographic dividend