The Union Cabinet on Wednesday approved the merger of State Bank of India and its five associate banks, Finance Minister Arun Jaitley announced here.

British luxury carmakers Rolls-Royce on Tuesday reported a record loss of 4.6 billion pounds ($5.7 billion), the biggest in the company's history.

It is a huge boost to the startups in India as Bengaluru-based food startup 48East raised $5,00,000 from a family based in Dubai.

In a huge jolt to beleaguered liquor baron Vijay Mallya, the board of United Breweries asked him to step down as its non-executive chairman. The order came after watchdog Sebi asks to bar Mallya from holding directorship in any listed company.

India's central bank on Wednesday kept key lending rates unchanged, as it shifted its monetary policy stand from accommodative to neutral citing inflationary fears and global uncertainties.

Eighty-nine per cent of those surveyed in a recent survey wanted the service charge levied by restaurants to be completely removed.

Many internet users in India are coming online for the first time and there is a need to simplify ways to make them safe, a Google executive said here on Tuesday.

The Reserve Bank of India (RBI) is expected to hold key interest rates at its monetary policy review - its second after November's note ban - in the wake of banks being flush with funds post-demonetisation and a firming up of global oil prices.

Employees of the IDBI Bank will strike on Monday pressing demands like wage revision, opposing out sourcing and others, said a top leader of All India Bank Employees' Association (AIBEA).

The Union Budget for 2017-18 was easily the most anticipated one in recent times. The public was seeking the government's policy stance after its bold attack on black money with demonetisation. On a related note, the market was also looking forward to the government's response to the demonetisation-induced slowdown.