The key Indian equity indices traded higher on Thursday with the Sensex gaining over 150 points and Nifty50 ending just short of 10,800 points mark.

After the sudden exit of Urjit Patel, Shaktikanta Das, a member of the Fifteenth Finance Commission has been appointed as the new governor of the Reserve Bank of India (RBI), news agency Reuters confirmed. The appointment of Mr Das is likely to bring new wave in the currency market, believes an expert. He was appointed after the important and urgent meeting of the RBI Board that took place on Friday.

In the breaking news, Myntra’s chief executive officer (CEO) Ananth Narayanan has resigned from his role and it is likely that the firm will abolish his position forever. For now, Flipkart executive Amar Nagaram has been selected to take control of Myntra, a source close to the development said.

The Income Tax Department has announced the new rules to be followed by PAN (permanent account number) card applicants. The PAN card rules, to come into effect from December 5, 2018 and must be followed by every Indians. The new rule is applicable to the financial entities which make transactions worth Rs 2.5 lakh or more in a financial year to apply for a PAN card, the Central Board of Direct Taxes (CBDT).

The esteemed Indira Gandhi National Open University (IGNOU) has launched a new course for students who want to pursue B Com courses with financial programme and cost accounting as major. Following this, IGNOU invites aspirants to fill up the applications for its recently launched course.

Good news for people working with Infosys. The global leader in technology services will soon roll out the salary increment sheet by January 2019. Previously, the junior level employees got a hike in their pay scale in April, while senior executives' increments were kept on hold.

Effective from October 31, SBI has reduced the daily cash withdrawal limit for account holders who have Classic and Maestro debit cards. The daily cash withdrawal limit on SBI Classic and Maestro debit cards will get reduced to Rs 20,000 from Rs 40,000.

Individuals running their family business continuously face decisions about finances. While, some face decisions about expanding or finding the most appropriate source of funding, others constantly think about managing their cash flow.

The International Monetary Fund (IMF) on Tuesday acknowledged the economic reforms carried out under Prime Minister Narendra Modi and projected India to be the world's fastest growing major economy this year and next.

Owning to the loan scam, the Bank of Maharashtra (BoM) has announced a closure of its 51 branches across the country. It's an attempt of the management to cut the rising cost. Last year, in June, the esteemed BoM was in news after its CMD Ravindra Marathe, his predecessor Sushil Muhnot and four others were found connection with the Rs 2,043 crore DSK group scam case.