Mumbai: Yes Bank Ltd has sought guidance from the Reserve Bank of India (RBI) over former finance secretary Ashok Chawla continuing as non-executive chairman of its board after being named in a corruption chargesheet. This follows the National Stock Exchange of India Ltd (NSE)—also chaired by Chawla—scrutinizing his continuance on similar grounds.

The BSE benchmark Sensex recovered by over 155 points and the NSE Nifty breached the 10,600-mark in opening trade Monday on fresh buying by investors, ahead of release of macroeconomic data later in the day.

Traders said, fresh fund inflows by foreign funds and a bullish trend on other Asian bourses also influenced trading sentiments here.

On view was brutal force. The ball was bludgeoned to different corners of the ground. And India sealed another run-chase ...but only after a scare.

The Delhi duo of Shikhar Dhawan and Rishabh Pant, both left-handers and both explosive, cut loose when the match seemed in the balance.

The online fashion space is buzzing at the moment. Alongside vertical players such as Jabong and Myntra, horizontal e-tail platforms — the likes of Flipkart and Amazon — are steadily growing their offerings, be it through private labels or brand partnerships. RedSeer’s latest study estimates that horizontal players roughly contribute to 45% of online fashion e-commerce.

Taking a cue from his Uttar Pradesh counterpart Yogi Adityanath, Gujarat Chief Minister (CM) Vijay Rupani, it seems, is planning to join the bandwagon of renaming cities. The state government is poised to rename Ahmedabad as Karnavati. The CM announced that his government would rename Ahmedabad before 2019 Lok Sabha polls.

The government is mulling selling as many as 149 small and marginal oil and gas fields of ONGC to private and foreign companies and allow the state-owned firm to focus only on big fields, sources with knowledge of the development said.

When Devendra Kohli, general manager (operations) at LTC Logistics, had to purchase trucks for his company three years ago, he tried a relatively new brand, the Blazo, the heavy-duty truck of Mahindra Trucks and Buses (MTB).

But the decision wasn’t an easy one. Unlike models from Tata Motors and Ashok Leyland, it didn’t have a long-running history to depend upon.

India’s government and the central bank have had disagreements, but the relationship has never looked so irretrievably broken as it does now.

Before the global financial crisis, the finance ministry saw the Reserve Bank of India as an incompetent regulator, one that managed the state-dominated banking industry by keeping it puny and primitive.

After facing a huge backlash from the top US lawmakers and leaders of the corporate sector, Trump administration has assured that the Americans would get an opportunity to respond to its proposal of revoking work authorization to H-4 spouse visas. The Donald Trump administration has been tightening the H-1B visas rules, which allow foreign workers to take jobs in the US for several years.

Sensex and Nifty recorded minimal gains during the truncated week ended Friday amid the festive season and volatility in the global markets. However, easing crude prices provided some relief to the rupee. On Friday, benchmark Brent crude oil fell below $70 a barrel for the first time since early April. The week also marked the end of the Samvat 2074.

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