The recent friction between the RBI and the Narendra Modi government over a controversial rate call offers up a test case of central bank independence Source: Livemint.com (http://www.livemint.com/rss/industry)

Merger of retail loan portfolio of associate banks with the parent bank is likely to worsen the latter’s asset quality, a sign that bad loan clean-up is not yet over…

Indian Oil, Bharat Petroleum and HP are losing Rs1,500 crore every quarter due to discounts to customers purchasing fuel using cards, mobile wallets Source: Livemint.com (http://www.livemint.com/rss/industry)

Russian firm Rosatom State Atomic Energy will increase its India investments with wind energy projects, may also set up small hydropower projects in the country Source: Livemint.com (http://www.livemint.com/rss/industry)

Arun Jaitley says industry demands not in sync with a study conducted by tax officers, indicating that GST rate on hybrid cars will not be reviewed Source: Livemint.com (http://www.livemint.com/rss/industry)

China accuses the European Union’s executive of making it an industrial scapegoat Source: Livemint.com (http://www.livemint.com/rss/industry)

India is building more power plants than it can utilize as state-level distributors struggle to connect 50 million households, says CEA chief Source: Livemint.com (http://www.livemint.com/rss/industry)

HR outsourcing and technology firm PeopleStrong estimates Indian firms spend nearly $500 million towards managing full-time employees in the organized sector Source: Livemint.com (http://www.livemint.com/rss/industry)

Passenger vehicle sales grew to 251,000 units in May from 231,000 units in the year-ago period Source: Livemint.com (http://www.livemint.com/rss/industry)

Apple chief executive officer Tim Cook warns Massachusetts Institute of Technology graduates that technology can divide society even as it is intended to bring people together Source: Livemint.com (http://www.livemint.com/rss/industry)