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Business News

LIC Gets Board's Nod To Buy Majority Stake In IDBI Bank

LIC already owns about 8 per cent of IDBI, will most likely buy additional shares in the lender via a preferential issue

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Sensex Drops 217 Points On Sell-off In Banking, Pharma Stocks

Investors turned cautious after India's trade deficit widened to a more than three-and-a-half-year high of $16.6 billion due to costlier crude oil imports and inflation based on wholesale prices shot up to 5.77 per cent in June

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India's June Palm Oil Imports Plunge To 4-1/2 Year Low

Lower imports by India, the world's biggest vegetable oil importer, could weigh on benchmark Malaysian palm oil futures that are currently trading near their lowest in three years

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