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The GST Council on Friday provided some relief to several sectors by slashing tax rates on a host of consumer items -- from chewing gums to detergents -- to 18 per cent from the current 28 per cent.

Last month, the government had unveiled a whopping Rs 2.11-lakh crore two-year road map to strengthen NPA-hit public sector banks (PSBs), which includes recapitalisation bonds, budgetary support and equity dilution.

Speaking to the media after the first 'PSB Manthan' in Gurugram, Financial Services Secretary Rajiv Kumar said the Rs 1.35-lakh crore recapitalisation bonds will be front-loaded and the contours of the bonds are being decided at the level of the finance m...

Under the project, the government aims to connect 1.5 lakh panchayats through 10 lakh kilometres of additional optical fibre and give bandwidth to telecom players at nearly 75 percent cheaper price for broadband and Wi-Fi services in rural areas.

SBI, the nation's top lender with a share of more than fifth of the banking assets, reported on Friday a lower-than-expected profit, but its bad loan additions during the three months to end-September slowed sharply and pushed the overall bad-loan ratio d...

A weak dollar against other currencies overseas supported the rupee gains.

Forex dealers said fresh foreign fund inflows and weakness in the dollar against a few currencies overseas supported to the rupee.

Physical oil markets are also strong, with top exporter Saudi Arabia expected to hike December crude prices for customers in Asia to levels last seen in 2013 or 2014, a Reuters survey showed.

"Going forward, GST's incorporation in next year's assessment will provide another significant leap in doing- business rankings for India," Yes Bank managing director Rana Kapoor said in a statement.

SBI, which accounts for more than a fifth of India's banking assets, has a total loan exposure of about 120 billion rupees to the solar sector, excluding the latest loans, Chairman Rajnish Kumar told reporters on Monday.

Describing the Goods and Services Tax (GST), rolled out nationwide on July 1, as an extremely important steps that the government has taken, Jalan said proper implementation of the new indirect tax regime would take some more time.

For the year ending March 2018, the government had budgeted Rs 9.68 trillion collection from customs and GST.

US President Donald Trump is expected to announce his pick for the post of Federal Reserve Governor, which would need to win Senate approval, before he departs on a trip to Asia on November 3.

The 30-share Sensex resumed lower at 33,025.17 and hovered in a range of 33,074.91 and 32,835.06 in morning trade.

"To facilitate taxpayers, late fee on filing of GSTR-3B for August and September has been has been waived," Finance Minister Arun Jaitley tweeted.