Axis Bank will pay Citi cash consideration of approximately $1.6 billion for the acquisition of the consumer business, subject to customary closing adjustments.

Citizens today expect increasingly transparent, accessible and responsive services from the public sector. To deliver on those rising expectations, the...

Oil came off session lows when Moscow's lead negotiator cautioned that Russia's promise to decrease military operations did not represent a ceasefire and a formal agreement with Kyiv had a long way to go.

In an interview with CNBC-TV18, DK Sen, Whole-time Director and Senior Executive Vice-President - Head Development Projects at Larsen & Toubro, said that the Russia-Ukraine war has not had any significant impact on company’s operations. He mentioned that price escalation clause in almost 80 percent of the company's orders has helped it in circumventing the soaring input costs. However, Sen shared that some of the projects have faced an impact of 10-12 percent on account of oil.