Looking at the current inflation, there is room for interest rates to fall by 50 basis points (bps) and that is something which India should be ready for, said Uday Kotak, managing director and CEO, Kotak Mahindra Bank. Monetary Policy Committee is an independent body but interest rates need to come down and there is in fact room for it,  Kotak said during a panel discussion at India Business Leader Awards (IBLA) in Mumbai on Thursday.

Every year CNBC-TV18 felicitates business leaders who have made revolutionary advancements in their sphere and risen beyond the industry threshold...

Private sector lender Federal Bank on Thursday said it expects the slippages to decline in the fourth quarter of FY19...

Flight to and from Delhi's Indira Gandhi International airport will be affected for seven days till January 26 as the airspace will remain closed for over 1.5 hours every day on account of Republic Day rehearsals. "Flight movement at Delhi airport will remain restricted from 1035 AM to 1215 PM on January 18, 20,21,22,23,24 and 26," said an official at Delhi airport.