Following the recent spurt in oil prices to well over $50 a barrel, state-run Indian Oil Corp (IOC) hiked prices of petrol by 42 paise a litre, and of diesel by Rs 1.03, both in Delhi and effective from Monday, with corresponding increases in other states. ....

Indian banker and New Development Bank chief (NDB) K.V. Kamath has said that cooperation between the five BRICS countries will be strengthened during Chinese presidency over the bloc in 2017. ....

Oil and Natural Gas Corporation Ltd.(ONGC) employees will now get their annual cash bonuses in the form of Khadi vouchers for buying Khadi garments, a top official said here on Saturday. ....

India's third largest private sector lender Axis Bank on Friday said it will reduce its lending rates by 0.65-0.70 per cent across various tenures from next Wednesday following similar move by other banks after a bulk infusion of liquidity arising from the demonetisation move. ....

Software major Infosys on Friday lowered dollar guidance again for the fiscal 2016-17 on declining revenue in the third quarter (October-December) unlike its peer TCS, which posted robust growth for the same quarter. ....

According to the airline, the total order for 205 aircraft is worth $22 billion (Rs 150,000 crore) at list prices. ....

Global software major Tata Consultancy Services (TCS) on Thursday appointed Rajesh Gopinathan as its new CEO and N.G. Subramaniam as COO. ....

Natarajan Chandrasekaran, 53, who has spent some 30 years in the Tata group, will be the new Executive Chairman of Tata Sons -- the first non-Parsi to head the $103-billion global empire with a 148-year history, it was announced on Thursday. ....

India's factory output rose 5.7 per cent in November, the first month of the government's demonetisation drive, while retail inflation declined to 3.41 per cent in December from 3.63 per cent in the month before, official data showed on Thursday. ....

Nepal's tourism industry rebounded in 2016 after taking a big hit in the previous year by way of twin disasters-a devastating earthquake and crippling trade embargo. ....