Centre Infuses Rs 3,076 Crore Capital Into State-Run UCO Bank

UCO Bank posted Rs 1,136.44 crore net loss for second quarter of FY19 against a net loss of Rs 622.56 crore for the same period of previous fiscal.

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Banks' Gross Bad Loans Improved To 10.8% In September: RBI

The net NPAs ratio also witnessed a fall at 5.3 per cent in September 2018 as against 6.2 per cent in March 2018, RBI said in its Financial Stability Report.

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Rupee Falls Over 9% In 2018

On year-over-year basis, the rupee depreciated by a whopping 509 paise, or 9.23 per cent, as compared to 2017-end level of 63.87.

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Cooking Gas Price Cut By Rs. 5.91 Per Cylinder

This is the second straight monthly reduction in LPG rate. On December 1, subsidised LPG price was cut by Rs 6.52 per bottle.

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Banking Sector On "Course To Recovery" As Bad Loans Sink: Shaktikanta Das

According to RBI's report, gross NPAs ratio declined to 10.8 per cent in September 2018 from 11.5 per cent in March 2018.

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Growth In Core Industry Production Hits 16-Month Low

The lowest expansion in output growth of these key industries was last recorded in July 2017 at 2.9 per cent.

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Government Says It Does Not Need RBI Reserves To Manage Fiscal Deficit

Finance Minister Arun Jaitley said that central banks of most of the countries keep a reserve of 8 per cent, while some conservative central banks maintain 14 per cent reserves.

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Gold Prices Rise Over 6% In 2018

For the year, the gold prices jumped by Rs 1,870, or 6.15 per cent, as compared with the price of Rs 30,400 per 10 grams on December 30, 2017.

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IRCTC Tourism Offers 7-Day Tour To Tirupati, Rameshwaram, Madurai

IRCTC Tourism package: The tour, which will be via economy class of IndiGo airlines, will commence on March 1, 2019.

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Fuel Rates Touch New Low For 2018, Petrol Below Rs 69-Mark In Delhi

Oil prices, however, are likely to gain in the days ahead as the production cut by OPEC and non-OPEC countries comes into effect on January 1.

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Markets End Choppy Session On Flat Note, Sensex Settles At 36,068

Top gainers on the 30-scrip index were Tata Steel, Vedanta,Sun Pharma, Tata Motors and IndusInd Bank, closing between 1 per cent and 1.6 per cent higher.

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Last Day To Apply For Free Replacement Of SBI Magnetic Strip Card Today

State Bank of India (SBI) customers were required to apply for a replacement of the ATM-cum-debit card by December 31, according to the bank. The move by State Bank of India is in line with theReserve...

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Gold Prices Set For First Annual Decline In 3 Years

Gold prices jumped about 5 per cent in December. The metal declined nearly 2 per cent for the year.

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Rupee Gains By 20 Paise To 69.75 Against Dollar

At the Interbank Foreign Exchange, the rupee opened on a strong note at 69.76 against the US dollar, then appreciated further to 69.76 showing a rise of 20 paise over its previous closing.

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Sensex Rises Over 200 Points, Nifty Crosses 10,900

Analysts expect global cues to dictate the movement in domestic markets until next week, with Infosys due to kick off the corporate earnings season on January 11.

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Crude Oil Rates Set For First Annual Decline Since 2015

Hints of progress on a possible US-China trade deal helped bolster sentiment, which has been battered by concerns over a weaker global economic outlook.

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Five Investment Options That Guarantee Safe Returns

For people looking to make money in 2019, there are several investment avenues available in the market.

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Non-Maintenance Of Minimum Balance: Charges Levied By Banks Compared

Monthly Average Balance (MAB) is the sum of all the end of day (EOD) closing balance divided by the number of days in that month.

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2018: A Year Of Reckoning For Real Estate Sector

The liquidity crisis precipitated by NBFCs adversely impacted the completion of projects. Similarly, under GST, home buyers were deprived of the benefits of Input Tax Credit.

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Petrol Prices Fall To Lowest Level In 2018, Diesel Rates At 9-Month Low

Petrol prices on Sunday were reduced by 22 paise per litre to its lowest level in 2018 across the four metros. Diesel rates were cut by 23 paise to a nine-month low. Diesel rates are at their lowest...

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2018: A Year In Which Fluctuating Fuel Prices Defined Oil And Gas Sector

Petrol and diesel have declined by nearly 15 per cent each from the record high levels they had reached in October.

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Macro Data, Q3 Results To Guide Markets Next Week: Experts

Last week, global relief rally following the resolution of a standoff between US President Donald Trump and Federal Reserve Chairman Jerome Powell lifted the equity markets.

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SBI Zero Balance Account Rule, Interest Rates, Other Details

SBI Zero Balance account: SBI's BSBD account can be opened singly, jointly, or with either or survivor, former or survivor, anyone or survivor etc. facility.

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Rangarajan Raises Five Major Economic Concerns Of The Year

Rangarajan said reforms were not an end in themselves and that even growth was not an end in itself.

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Government To Infuse 10,086 Crore Rupees Into Bank Of India

The bank informed the BSE in a regulatory filing on Saturday that the capital infusion in its equity will be done by way of preferential allotment.

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Instant Money Transfer: Charges Levied By Banks For IMPS

The maximum amount that can be transferred via IMPS is Rs 2 lakh. This facility is available only via internet banking.

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Gold Prices Edge Higher On Firm Global Trend

Globally, gold edged higher to $1280.68 an ounce and silver stood at $15.34 an ounce in New York.

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Bank FD Interest Rates For Regular, Senior Citizens Compared

Fixed Deposit interest rates: Interest rates on fixed deposits vary according to separate maturity baskets across different banks.

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Petrol Prices Touch New Low In 2018: 5 Things To Know

Currently, petrol and diesel prices are reviewed by state-run oil marketing companies every day, based on the international fuel prices and the value of the rupee.

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New Section Of Delhi Metro's Pink Line To Open On Monday: 5 Points

The DMRC started its first ever operations in 2002 and currently its network span 317 km with 231 stations.

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Bad Loans Hit Bank's Profitability In 2018: RBI

The consolidated balance sheet of NBFCs expanded in 2017-18 and during the first-half of 2018-19, the RBI said.

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SBI Flexi Deposit Scheme: How It Works, Tenure And Other Details

SBI or State Bank of India, the country's largest lender, offers Flexi Deposit Scheme for customers. This product is similar to a recurring deposit but instead of a single fixed instalment every...

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Centre Takes Action On More Than 6,000 Bank Officials Over Bad Loans

The 19 nationalised banks, including PNB and Canara Bank, reported a net loss of Rs 21,388 crore in the first half of the fiscal. This compares with a combined loss Rs 6,861 crore in the similar...

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IDBI Bank Allots Shares Worth Rs 14,500 Crore To LIC

The move was part of the ongoing acquisition of a controlling stake in the bank by the insurance company.

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Rupee Moves Above 70-Mark Against Dollar

Analysts said a weak dollar overseas and oil supply glut concerns propped up the domestic currency.

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Government Doubles Export Incentives For Onion Farmers

The export incentive programme allows farmers to get a credit from the government, which can be used to pay various taxes.

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Gold Prices Rise By 170 Rupees On Firm Global Cues

In Delhi, gold of 99.9 per cent and 99.5 per cent purities rose by Rs 170 each to Rs 32,620 and Rs 32,470 per 10 grams, respectively.

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Bond Yields Spike After Report Of Farm Loan Waiver Package

The benchmark 10-year bond yield ended at 7.39 per cent, up 11 basis points on the day and 1 basis point below the day's high which was reached after the farm loan package news.

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Flipkart Says New E-Commerce Rules To "Have Long-Term Implications"

The renewed policy also prevents the e-tail portals from directly and indirectly influencing the price of goods and services.

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Jio's 'Happy New Year Offer': 100% Cashback Available On This Plan

The offer is available on recharges done via every channel- jio retailers and online.

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SAIL Wants To Sign ArcelorMittal Joint Venture Next Month

Higher input costs mean no scope for a cut in local steel prices, SAIL Chairman Anil Kumar Chaudhary said.

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Cabinet Allows 7 State-Run Companies To Launch Public Offers

Giving details of the 7 PSU companies, Law Minister Ravi Shankar Prasad said the companies will raise funds via initial public offer (IPO) or follow-on public offer (FPO) routes.

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Sensex Closes 269 Points Higher, Nifty Settles At 10,859

Share markets on Friday: Sun Pharma, Bajaj Finance, Vedanta, Yes Bank, HDFC and ICICI Bankled the gains on Sensex.

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Jet Airways, GoAir Offer Discount On Flight Tickets, Details Here

Jet Airways, GoAir, AirAsia and Air India are offering a host of discount offers on domestic and international flight tickets.

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Government In Talks With US Over Steel Tariff Exemption

The government will also seek relief from Canada over quotas and tariffs next month, Binoy Kumar, secretary in the steel ministry, told reporters.

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Railway Hikes Lower Berth Quota For Senior Citizens, Women Passengers

Ministry of Railways said that it has revised the quota to 13 seats for normal mail or express trains having single coach of the designated class.

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Train 18 To Begin Operations In January 2019: Report

Train 18, which is set to replace the Shatabdi series, has the potential to at a speed between 160 kmph and 200 kmph. At trials, it breached the 180-kmph mark.

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Rupee Gains By 30 Paise To 70.05 Against Dollar

The dollar index, which gauges the American currencies strength against a basket of six currencies, was down 0.23 per cent at 96.35.

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Sensex Surges Over 300 Points, Nifty Moves Above 10,850

Share markets on Friday: Top gainers on the 50-scrip index were United Phosphorus Ltd, Yes Bank, HDFC, Sun Pharma and Titan.

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Can't Allow High Air Fares During Festival Season: Parliamentary Panel

According to the Parliamentary panel's other recommendations, airline's cancellation charges should not be allowed to exceed 50 per cent of the basic fare.

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IndiGo Worst Performing Airline For Consumers: Parliamentary Panel

Air India has the best luggage policy and the other private airlines should also enhance the baggage limit, said TMC MP Derek O'Brien.

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Post Office 15 Year Public Provident Fund Account: 10 Things To Know

Post Office 15-year Public Provident Fund Account: One can open an account with Rs 100 but needs to deposit a minimum of Rs 500 in a financial year.

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Rupee Falls By 29 Paise To Close At 70.35 Against Dollar

At the Interbank Foreign Exchange, the rupee opened sharply lower at 70.27 a dollar against its previous close of 70.06.

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Centre To Issue Draft E-Commerce Policy Soon: Report

The new e-commerce policy could entail provisions for a regulator in the sector dominated by US tech giant Amazon.com and homegrown Flipkart.

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GoAir Offers Flight Tickets From Rs 1,399 In New Flash Sale

GoAir's offer on international flight tickets come amid high competition in the country's civil aviation sector.

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April-November Fiscal Deficit Hits 115% Of Full-Year Target

The government is widely expected to miss its fiscal deficit target of 3.3 per cent of GDP (gross domestic product) in the current fiscal year, or announce spending cuts in the last quarter.

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Railways 2018: A Year In Which The Country Got Its First Local AC Train

The railways, in another first, is set to come up with an elliptical 40-km track between Jaipur and Phulera at an investment of around Rs 400 crore to conduct trials of its semi-high speed and high...

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Gold Prices Fall, Break 3-Day Rising Streak

In Delhi, gold of 99.9 per cent and 99.5 per cent purities lost Rs 50 each to Rs 32,450 and Rs 32,300 per 10 grams, respectively.

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Sensex, Nifty Close Higher For Second Straight Day

The Nifty IT index - comprising information technology stocks - ended 1.4 per cent higher on Thursday, after having shed 4.8 per cent over the past six consecutive sessions on appreciation in the...

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Government Has Revival Plan For Air India, Says Jayant Sinha

Jayant Sinha told the Lok Sabha that government has prepared a revival plan for Air India which focuses on building a competitive and profitable airline group.

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Interest Rates Offered By Banks On Fixed Deposits Below Rs 1 Crore

The fixed deposit accounts which have a lock-in period of five or 10 years also offer income tax benefit under Section 80C of the Income Tax Act, 1961.

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Tighter E-Commerce Rules From February 1 Likely To Hit Amazon, Flipkart

In a statement, the government said that the companies will be prevented from entering into exclusive agreements with sellers.

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Rupee Slips 19 Paise To 70.25 Against Dollar

A higher opening of domestic equity market, however, capped the loss, traders were quoted as saying in a PTI report.

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Sensex Rises Over 300 Points, Nifty Above 10,800

Share markets on Thursday: Top gainers on the 50-scrip index were Vedanta, IndiaBulls Housing Finance, Hindalco, Bajaj Finance and Sun Pharma.

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SpiceJet To Launch New Flights On These Routes

After the addition of the new flight, SpiceJet will operate 25 flights under the UDAN scheme.

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Bimal Jalan To Head RBI Panel On Economic Capital Framework

The panel will include Economic Affairs Secretary Subhash Chandra Garg and RBI deputy governor N S Vishwanathan.

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Rupee Closes Higher At 70.06 Against Dollar

The dollar strengthened against major global currencies in a restricted trade which also weighed on the domestic currency.

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Government Announces Stricter Rules For E-Tailers From February 1

Cash back provided by the group companies of marketplace entity to buyers shall be fair and non-discriminatory, the ministry's notification said.

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Gold Prices Move 400 Rupees Higher In Three Sessions

In the national capital, gold of 99.9 per cent and 99.5 per cent purities gained Rs 100 each to Rs 32,500 and Rs 32,350 per 10 grams, respectively.

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Sensex Closes 234 Points Higher As Markets Reverse Losses

Top advancers on the 50-scrip index included Adani Ports, Bharti Airtel, Bajaj Finserv, HDFC Bank and UltraTech Cement.

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IL&FS Appoints Bijay Kumar As Deputy Managing Director

Infrastructure Leasing & Financial Services Ltd also appointed N Srinivasan as a non-executive director.

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State-Owned Banks To Remain Closed Today: 10 Things To Know

Most branches of state-owned banks are shut on Wednesday on account of a nation-wide strike called by United Forum of Bank Unions (UFBU) against the proposed amalgamation of Vijaya Bank and Dena Bank...

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Maruti Suzuki To Recall 5,900 Super Carry Vehicles

Maruti Suzuki India said it would inspect the likely defect in its Super Carry vehicles manufactured between April 26 and August 1.

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Rupee Rises By 19 Paise Against US Dollar

INR Vs USD: On Monday, the rupee had recovered 4 paise to close at 70.14 against the American currency.

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Sensex Sheds Over 250 points, Nifty Below 10,600

Share markets on Wednesday: Heavyweights Infosys, TCS and Hindustan Unilever contributed the most to the losses on the Sensex.

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Recurring Deposit Interest Rates Offered By Top Banks Compared Here

On maturity, the depositor is paid a lump-sum amount which includes the periodic investments and the interest income earned on them. Recurring deposit interest rates, once determined, do not change...

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Vedanta To Set Up 4.5-Million Tonne Steel Plant In Jharkhand

Vedanta would initially invest about $300 million to augment capacity of Electrosteel Steels Ltd to 2.5 MT from the existing 1.5 MT.

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Banking services to be affected On Wednesday As PSU lenders To Strike

The bank strike is against the proposed amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda.

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Inheritance Tax Led To Huge Endowments To Hospitals In West: Arun Jaitley

Inheritance tax is levied on the wealth inherited by the legal heirs of a dead person. Also known as estate tax, it is levied by governments of most western countries, including the US and the UK.

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Gold Prices Rise For Second Straight Session

In Delhi, gold of 99.9 per cent and 99.5 per cent purity added Rs 125 each at Rs 32,400 and Rs 32,250 per 10 gram, respectively.

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GoAir Launches Additional Flights To Phuket

Last week, GoAir has announced return flight tickets starting at Rs. 13,899 on select international routes in a limited-period offer.

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Stock, Forex Markets Remain Shut On Tuesday

Monday's session was marked with high volatility wherein the benchmark indices reversed direction on multiple occasions.

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These Start-Ups Made It To Unicorn List In 2018

The investment in the native start-ups rose by a phenomenal 108 per cent annually to $4.2 billion in nine months (January-September) from $2 billion in the same period of 2017.

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RBI To Issue New 20 Rupee Note Soon

The RBI has already issued new currency notes in denominations of Rs 10, Rs 50, Rs 100 and Rs 500, besides introducing Rs 200 and Rs 2,000 bank notes.

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Petrol Prices Hit 2018 Lows, Diesel Rates At Lowest Since March

Petrol prices were reduced by seven paise per litre in the four metros on Tuesday, while diesel prices were kept unchanged compared to the fuel rates on Monday. The new petrol and diesel prices are...

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Crude Oil Price Plunges 6% As Economic Slowdown Fears Grip Market

Brent crude futures settled down $3.35, or 6.2 per cent, at $50.47 a barrel. The market settled early ahead of the Christmas holiday. Prices extended losses in post-settlement trade.

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Fixed Deposit Interest Rates Offered By Top Lenders

One can deposit a lump sum of money in fixed deposits for a specific period, ranging from seven days to 10 years.

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Petrol Prices Fall Below Rs 70 In Delhi, Lowest In 2018

The previous low of petrol price in the national capital for 2018 was Rs 69.97 recorded on January 4.

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Rupee Closes At 70.14 Against Dollar

The rupee opened strong by 8 paise against the US dollar at 70.10 in early trade on dollar selling by exporters and banks.

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Petrol, Diesel Prices Cut For Fourth Straight Day. Check Rates Here

State-run oil marketing companies Indian Oil, Bharat Petroleum and Hindustan Petroleum revise fuel prices with effect from 6 am on a daily basis.

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Banks To Remain Closed On Tuesday, Wednesday

Bank employees have called a strike on Wednesday, December 26, a day after the December 25 holiday for Christmas. With the failure of conciliation talks, about 10 lakh bankers in private and...

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Gold Prices Rise By 175 Rupees On Global Cues

In the national capital, gold of 99.9 per cent and 99.5 per cent purities added Rs 175 each at Rs 32,275 and Rs 32,125 per 10 grams, respectively.

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Max India To Sell Stake In Subsidiary To Radiant, KKR

The deal includes Radiant Life's purchase of a 49.7 per cent stake in Max Healthcare.

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Sensex Closes 271 Points Lower, Nifty Gives Up 10,700

Top laggards on the Nifty50 were JSW Steel, Hero MotoCorp, Indian Oil Corporation and Bajaj Auto, closing with losses between 5.16% and 2.86%.

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"Canada's Warren Buffett" Drives His Own Pickup Truck

Jim Pattison is often dubbed Canada's Warren Buffett-a trope that underscores how relatively unknown he remains outside Canada despite a conglomerate that operates in 85 countries across a dizzying...

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Jet Airways Offers Up To 30% Discount On Flight Tickets, Details Here

Jet Airways discount offer: For travel in premiere section on flights within the country, one needs to purchase the tickets a minimum of 8 days prior to departure for travel on or after January 1,...

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GST Roadmap To Be To Work Towards A Single Rate For 12-18%: Arun Jaitley

Finance Minister Arun Jaitley said the country should look towards having slabs of zero, five per cent and a standard rate for luxury and sin goods (alcohol, drugs, cigarettes, etc.).

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"More Than Just A Building": Kalpataru On Upcoming Project Vista

Kalpataru launches a first of its kind living experience in the heart of Noida, with tastefully crafted residences, for a life of luxury.

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Rupee Edges Higher Against Dollar

On Friday, the rupee snapped its four-day rising streak by falling 48 paise to close at 70.18 against the US currency due to month-end dollar demand and sharp losses in domestic equities.

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Sensex, Nifty Start Monday's Session On A Choppy Note

Domestic stock markets started the holiday-shortened week on a lacklustre note, amid a subdued trend in Asian peers on global growth concerns. Benchmark indices Sensex and Nifty opened higher but...

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After London Entry, Oyo Rooms Eyes Other European Markets

Formed in 2013, Oyo Rooms is already worth an estimated $5 billion after receiving funding from international venture capitalists. The app-based company, Oyo Rooms, has quickly become India's largest...

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Gradual Reduction In GST Rates To Strengthen Tax Regime: Industry Body

With the latest rate cut announcement, only 28 items including cement, luxury and 'sin' goods remain in the highest tax bracket of 28 per cent.

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SBI Fund Transfer Service: Charge Levied For IMPS, NEFT, RTGS Transactions

Wire transfer or instant money transfer refers to a service provided by a bank wherein the user can transfer funds, or money, from one account to another through computer-based systems.

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Petrol Prices Drop By 20 Paise Across Metros

As per the country's dynamic pricing mechanism, domestic fuel prices depend upon international fuel prices on a 15-day average and value of the rupee.

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ATM Rules: Charges Levied By Banks For Transactions And Other Services

The customers are charged for transactions at ATMs over and above the mandated numbers of free transactions, as directed by Reserve Bank of India (RBI).

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SpiceJet Announces New Flights: Routes, Schedule, Other Details

SpiceJet's announcement comes amid high competition in the country's civil aviation sector, boosted by robust growth in passenger traffic registered over past few months.

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Global Cues, Derivatives Expiry To Guide Market Next Week: Experts

On technical charts, the short term trend of the National Stock Exchange's (NSE) Nifty50 has turned negative after the sharp correction that was witnessed last Friday.

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Partial US Government Shutdown Likely To Drag On Past Christmas

The political turmoil added to fears about the economy that are plaguing investor sentiment, helping fuel continued heavy losses in the stock market on Friday.

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Gold Prices Drop By 130 Rupees On Tepid Demand

Globally, gold traded lower by 0.33 per cent at $1,256.20 an ounce and silver slipped 1.02 per cent to $14.69 an ounce in New York.

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Government To Meet 2018-19 Fiscal Deficit Target: Arun Jaitley

The GST Council, headed by the finance minister, in its 31st meeting on Saturday decided to cut rates on 23 commonly used goods and services, which will lead to an annual revenue loss of Rs 5,500...

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These Items Likely To Get Cheaper On Reduced GST Rates: A List

The GST council, headed by finance minister Arun Jaitley, agreed to lower the tax on some goods including televisions, batteries and movie tickets.

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33 Items Moved From 18% GST Slab To 12%, 5%

GST, the government's biggest tax reform, sets rates from 28 per cent to 5 per cent on most items, replacing an array of central and state duties.

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Fixed Deposit (FD) Interest Rates Of SBI, ICICI Bank, HDFC Bank, Yes Bank

Fixed deposit interest rates are subject to change from time to time. The interest income earned on bank fixed deposits is fully taxable.

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SBI's Gold Deposit Scheme: How It Works, Interest Rates, Other Details

Customers need to deposit a minimum of 30 grams (gross) of gold to avail the scheme. However, there is no upper limit for deposit, said SBI.

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Third Straight Rout End Worst Weak For Dow, Nasdaq Since 2008 Crisis

The Dow Jones Industrial Average finished the week with a loss of nearly 7%, after losing 1.8% or more than 400 points Friday, to close at 22,445.37.

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Post Office Saving Schemes That Offer Income Tax Benefits

Interest rates on these post office saving schemes move in line with the government's interest rates on small savings schemes, which are revised on a quarterly basis.

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Opinion: After Big Exit, The Assault On RBI's Autonomy Is Just Starting

Their first move, unveiled Thursday, is an innocuous - even laudable - infusion of 410 billion rupees ($5.9 billion) into troubled state-run lenders, bumping up this fiscal year's outlay for bank...

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US Economic Growth Revised Down To 3.4% In July-September

The slowdown in growth is expected to spill over into 2019 as the fiscal stimulus fades and a bitter trade war with China and strong dollar undercut manufacturing.

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Petrol Costs Rs 34 Per Litre Before Tax, Dealer Commission In Delhi

The government had cut the excise duty on fuel prices in October in order to tackle increasing prices of petrol and diesel.

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Rupee Logs Weekly Gain Of 2.4% Against Dollar

Despite losses on Friday, the rupee gained 172 paise or 2.4 per cent on weekly basis amid a slide in crude oil prices which touched $53.26 per barrel.

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Gold Prices Rise For Second Straight Day

In Delhi, gold of 99.9 per cent and 99.5 per cent purities rose Rs 230 each to Rs 32,230 and Rs 32,080 per 10 grams, respectively.

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Sensex Sheds 689 Points To Close At 35,742, Nifty Settles At 10,754

Share markets on Friday: Prominent losers on the 50-scrip index were Indian Oil, UPL, Adani Ports, Maruti and India Bulls Housing Finance.

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Centre Likely To Renew Demand For Extra Dividend From RBI: Report

RBI officials have in the past said that reserves are an important measure of the central bank's ability to withstand any major market volatility.

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AirAsia India Announces New Route, Tickets From 1,599 Rupees

AirAsia's flights on Mumbai-Bengaluru route will commence from January 15, 2019 and one needs to book flight tickets till January 6, 2019 to avail the discount offer.

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Jio 1.5-5 GB Per Day Recharge Packs: Compare Plans Here

Jio recharge: Reliance Jio has 12 recharge packs in its prepaid portfolio under which it offers high-speed data ranging from 1.5 GBs to 5 GBs per day, among other benefits. Reliance Jio offers a total...

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State-Owned Bank Officers' Union On Strike Today Over Wages, Mergers

Bank strike today: The strike, by the All India Bank Officers' Confederation (AIBOC), impacted trading volumes in foreign exchange and debt markets, said traders.

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Court Dismisses Appeal Against LIC Move To Acquire 51% Stake In IDBI

The association, in its appeal, told the bench that LIC's move to acquire a 51 per cent stake in he IDBI violated provisions of the Insurance Act.

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IL&FS Initiates Process To Sell Two Units

IL&FS has invited Expression of Interest proposals for sale of stakes in IL&FS Education & Technology Services Limited, along with other subsidiaries.

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Rupee Loses 37 Paise Against Dollar Amid Foreign Fund Outflows

Rupee Vs Dollar: Besides increased demand of the US currency, dollar's strength against some currencies overseas weighed on the rupee, said traders.

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Sensex Edges Lower, Nifty Below 10,950

Trading between 0.70 per cent and 4.02 per cent, Indian Oil Corporation, Infosys, Coal India, HDFC and Dr Reddy's Laboratories were the top Nifty50 losers.

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J&J Told To Stop Using Raw Material To Make Baby Powder In India: Report

The company said on Wednesday that drug authorities visited some of its facilities and took "tests and samples" of its talcum powder.

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IRCTC Maharajas' Express Offers Up To 50% Discount On Tickets

Maharajas' Express has 23 carriages and runs on five circuits, covering destinations like Delhi, Agra, Jodhpur, Udaipur, Varanasi, Mysore among others

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Government Seeks To Infuse Additional Rs 41,000 Crore In State-Run Banks

The funds will enhance the government's existing bank recapitalisation outlay from Rs 65,000 crore to Rs 1.06 lakh crore in the current financial year.

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RBI Governor Shaktikanta Das To Meet Private Sector Bankers Next Week

Shaktikanta Das, who had earlier served in the government as Economic Affairs Secretary, took charge at the Reserve Bank of India (RBI) last week.

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Asia's Central Banks Seen Avoiding Rate Hikes In 2019

The Federal Reserve on Wednesday raised rates for the fourth time this year, as expected, but signalled a slower pace of hikes in 2019 than it previously projected.

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Rupee Advances For Fourth Straight Day To Rise Above 70 Against Dollar

The rupee advanced by as much as 74 paise against the US currency during the session, but gave some of those gains to settle at 69.70 for the day. The rupee has appreciated by 220 paise, or 3.1 per...

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Infosys Appoints Nilanjan Roy As Chief Financial Officer

Nilanjan Roy will take over charge from Jayesh Sanghrajka, who was appointed as interim finance head in November.

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Volatility In Indian Markets Lowest Among Major Peers: Sebi Chairman

The volatility in Indian equity market at 12 per cent is among the lowest compared to major developed and emerging markets..," the chairman said.

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Additional Rs 41,000 Crore To Be Infused In State-Run Banks: Arun Jaitley

Currently, 11 banks with high bad debts are under the PCA framework that prohibits them from further lending.

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Bad Loans Worth Rs 60,730 Crore Recovered In 6 Months

Financial Services Secretary said the government would give funds to four to five banks under a PCA plan after considering their financial results.

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10 lakh Bankers To Strike On December 26 Against State-Run Bank Mergers

The bankers are protesting against the merger of Bank of Baroda, Dena Bank and Vijaya Bank.

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Markets End 7-Day Rally: Sensex Closes 52 Points Lower

Top laggards on the 50-scrip index were Grasim Industries, State Bank of India (SBI), Bharti Airtel, Wipro and Vedanta.

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Crude Oil Prices Near One-Year Low On Fears Of Oversupply, Falling Demand

Both major oil futures contracts rallied sharply on Wednesday but are now at or close to their lowest levels for over 14 months, more than 30 per cent below multi-year highs reached at the beginning...

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Bengaluru-Based Swiggy Raises $1 Billion From Existing Investors

Swiggy said it will use the funds to bring more quality food brands closer to consumers and address gaps in supply through delivery-only kitchens.

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Modi Government To Now Pump $330 Million Into Air India

Air India, which was offered along with $5 billion of its debt, is surviving on taxpayer bailouts after losing money for years.

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Gold Prices Return To 32,000 Rupees Level

Silver ready, however, traded lower by Rs 130 to Rs 37,750 per kg, while weekly-based delivery was down by Rs 175 to Rs 37,258 per kg.

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Capital Infusion In PSU Banks To Be Raised To Over 1 Lakh Crores: Report

In 2017, the government had announced a plan for an infusion of Rs 2.11 lakh crore ($30.06 billion) in 20 state banks by March 2019 to meet global regulatory requirements.

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LinkedIn Appoints Mahesh Narayanan As Country Manager For India

Mahesh Narayanan will assume his new responsibilities from January 7, 2019, said LinkedIn which has over 59 crore members globally and more than 5.3 crore members in India.

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Government Seeks Parliament Nod For Extra 85,948 Crores Gross Spending

The extra spending is on top of the budgeted Rs 24.42 lakh crore ($347.20 billion) spending announced for the 2018-19 fiscal year in February.

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Brace For 5-Day Bank Holiday Ahead

Besides Sundays, banks at present observe public holidays on the second and fourth Saturdays each month since September, 2015.

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JioPhone 2 Flash Sale Opens Today, Details Here

JioPhone 2 will be available at Rs. 2,999 under the flash sale, said Reliance Jio. JioPhone 2 is an upgraded version of Reliance Jio's existing feature phone called JioPhone. Reliance Jio has launched...

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Rupee Slips 24 Paise After US Federal Reserve Raises Interest Rates

The 10-year benchmark bond yield eased to 7.24 per cent from previous close of 7.22 per cent.

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Sensex Drops Over 150 Points, Nifty Below 10,900

Share markets on Thursday: Trading between 1.44per cent and 2.27 per cent lower, Hindalco, Vedanta, Infratel, Bharti Airtel and GAILwere the top five Nifty laggards.

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After Largely Painful 2018, Rupee May Be Top Performer In 2019: Experts

The rupee jumped 2.1 per cent over Monday and Tuesday, its biggest two-day gain since September 2013, before ending little changed on Wednesday.

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US Federal Reserve Hikes Interest Rates For Fourth Time This Year

Wednesday's rate increase, the fourth of the year, pushed the central bank's key overnight lending rate to a range of 2.25 per cent to 2.50 per cent.

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SBI Annuity Deposit Scheme: Rate Of Interest And Other Details

A term of 36 months, 60 months, 84 months or 120 months (3 years, 5 years, 7 years or 10 years) is available for SBI's annuity deposit account scheme.

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Minimum Balance Rules: Here's How Much Banks Charge For Non-Compliance

Leading lenders of the country have fixed their monthly average balance (MAB) requirements according to the location of a customer's account.

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Air Conditioners, Refrigerators, Video Games Likely To Get Cheaper

GST, the government's biggest tax reform, sets rates from 28 per cent to 5 per cent on most items, replacing an array of central and state duties. With an aim to simplify the indirect tax regime, the...

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Finance Ministry Likely To Seek Capital For State-Run Banks

The proposal will be part of the overall supplementary demand for grants to be laid before parliament, Economic Affairs Secretary Subhash Chandra Garg said.

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Rupee Moves Higher Against Dollar For Third Straight Session

The rupee on Tuesday had rallied by a whopping 112 paise, its best single-day gains in over five years, to settle at 70.44 against the US dollar.

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Fixed Deposit Interest Rates: Returns Offered By Small Finance Banks

Small finance banks (SFBs) offer higher interest rates on FDs as compared to the mainstream peers.

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One Policymaker Called For Change In Stance In RBI's December Review

November headline inflation fell to its lowest in 17 months, to 2.33 per cent, well below the RBI's medium-term target of 4 per cent.

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GoAir Offers Return International Flights From 13,899 Rupees

The booking period for GoAir's offer is valid till Decembe 31, 2018 and passengers need to travel between December 22, 2018 and March 31, 2019.

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ONGC Board To Consider Listing Overseas Unit On Domestic Bourses: Report

The move to float the unit is part of a government push to sell state assets to raise funds.

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Johnson & Johnson Says It Provided Powder Samples To Regulators

Johnson & Johnson added that the safety of its cosmetic talc was based on a long history of safe use and decades of research and clinical evidence.

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PM Modi Says 99% Goods To Be Taxed At Below 18% GST

GST, the government's biggest tax reform, sets rates from 28 per cent to 5 per cent on most items, replacing an array of central and state duties.

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Sensex, Nifty Close Positive For Seventh Day In A Row

Domestic stock markets surged as crude prices softened and the Reserve Bank of India (RBI) announced a hefty open market bond purchase for January.

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Gold Prices Lose Rs 210, Silver Rates Follow Suit: 5 Things To Know

Gold, Silver Prices: Slide in gold prices came due to easing demand from local jewellers and retailers in the domestic spot market, said marketmen.

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Difficult To Meet Double-Digit Sales Growth Target: Maruti Suzuki

Maruti Suzuki's sales in November fell 0.7 per cent, while exports plunged over 19 per cent in the month.

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GlaxoSmithKline To Split After Folding In Pfizer Consumer Unit

GSK and Pfizer would combine their consumer health businesses in a joint venture with sales of 9.8 billion pounds ($12.7 billion), 68 per cent-owned by the British company, in an all-equity...

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US-Based Boeing Raises Forecast On Orders From Indian Airlines By 9.5%

Boeing expects India to become the third-largest commercial aviation market by the early 2020s. High oil prices, hefty fuel taxes and a weak rupee have hurt airlines' profitability this year, although...

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IndiGo Offers Flight Tickets From Rs 1,799 On These New Routes

IndiGo's recent announcement comes amid high competition in the country's civil aviation sector, boosted by robust growth in passenger traffic registered over past few months.

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Drug Inspectors Seize Johnson & Johnson Baby Powder Samples: Report

J&J India did not have any immediate comment on the reports of sample seizures by the authorities. On Tuesday, the company said in a statement that the Reuters article, which was published on Friday,...

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Reliance Jio Prepaid Plans For JioPhone Compared Here

Reliance Jio - the provider of telecom services under brand Jio - offers a validity period of 28 days each to its prepaid subscribers in the three JioPhone prepaid plans (Rs 49, Rs 99 and Rs 153).

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J&J Baby Powder To Be Tested For Use Of Cancer-Causing Substance: Reports

A team of 100 drug inspectors has been assigned to examine different manufacturing facilities, wholesalers and distributors, says report.

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RBI To Infuse Rs 50,000 Crore Worth Of Liquidity In December

Additionally, the RBI said it will inject Rs 50,000 crore into the market by purchasing government securities in January 2019.

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India's Stocks Hostage to US Fed Rate Cycle, Says Mutual Fund Giant

While the U.S. central bank's influence on emerging assets is hardly an unknown phenomenon, India's $2 trillion stock market has also been whipsawed in recent months by homegrown narratives.

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Rupee Surges By 50 Paise To Breach 70/Dollar Mark

Rupee Vs Dollar: Rupee continues its rising spree on persistent drop in crude prices amid fresh foreign fund inflows and sustained selling of American currency.

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Sensex Gains Over 100 Points, Nifty Nears 10,950

Trading between 1.56-3.43 per cent higher, Indiabulls Housing Finance, Hindustan Petroleum, Asian Paints, Bharti Infratel and Bharat Petroleum were the top five Nifty gainers.

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Softbank Mobile Unit Shares Fall 10% On Market Debut

Shares in Japanese telecoms giant SoftBank's mobile unit traded well below its IPO price on Wednesday in a disappointing debut on the Tokyo stock market despite raising a record amount.

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Fixed Deposit Interest Rates: Here's What Top Banks Offer

The fixed deposit accounts which have a lock-in period of five or 10 years also offer income tax benefit under Section 80C of the Income Tax Act.

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Changes In Insolvency Code May Be Needed: Arun Jaitley

Section 29A of the IBC bars wilful corporate defaulters and "connected person" from bidding for stressed assets (including own), which is under CIRP.

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Post Office Saving Schemes: Fixed Deposit (FD) Vs Recurring Deposit (RD)

The rates of return on post office time deposit, also known as fixed deposit, vary according to the tenure of the account while the interest rate on recurring deposits is fixed at 7.3 per cent per...

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GST Evasion Of Rs 12,766 Crore Detected In April-November

The measures taken by the government to check GST evasion are intelligence-based enforcement, eWay bill squads, among others.

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Rupee Logs Biggest Single-Day Jump In Over 5 Years To Rise Above 71 Mark

Sustained selling of the American currency by exporters and banks as well as the greenback's weakness against its key rivals globally ahead of the Federal Reserve's policy decision Wednesday also...

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How To Avail Free Amazon Prime Subscription With BSNL Plans

BSNL's offer is available on postpaid mobile plans of Rs 399 and above, and landline plans of Rs 745 and above, according to the telecom company's website - bsnl.co.in. US-based e-commerce major...

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IRCTC Offers Up To 50% Discount On Buddhist Circuit Tour Bookings

Buddhist Circuit Tourist Train travels through Bodh Gaya, Rajgir (Nalanda), Varanasi (Sarnath), Lumbini, Kushinagar, Sravasti and Agra.

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Sensex, Nifty Close Higher For Sixth Session In A Row: 5 Things To Know

Top advancers on the 50-scrip index were Sun Pharma, Bajaj Finance, JSW Steel, Vedanta and Mahindra & Mahindra.

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Gold Prices Rise After 2-Day Fall: 5 Things To Know

In Delhi, gold of 99.9 per cent 99.5 per cent purities traded higher by Rs 60 each at Rs 32,060 and Rs 31,910 per 10 gram, respectively.

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Rupee Jumps Above 71 Mark Against Dollar: 10 Things To Know

The rupee advanced by as much as 71 paise against the dollar on Tuesday. Weakness in the dollar overseas, ahead of the outcome of the US central bank's policy review, along with falling crude oil...

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IPO Pricing Should Be Done Carefully In Volatile Times: Sebi's Ajay Tyagi

Driven primarily by domestic investors, the broader NSE Nifty has gained 3.4%, while the benchmark BSE Sensex is up 6.5% so far this year.

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Ola To Invest $100 Million In Scooter Sharing Start-Up Vogo

Vogo, which provides services in Bengaluru and Hyderabad, will use the money to expand its fleet by 1,00,000 scooters.

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One-Cent Gold Lures Customers As Sellers Seek To Boost Demand

Demand for gold is falling, partly as a result of government measures, higher local prices and the metal's fading appeal among more youthful customers. That's forcing jewelers to adapt online...

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How To Activate New State Bank Of India ATM Card Online

State Bank of India (SBI)'s internet banking subscribers can make use of a number of tools available online through the internet banking portal. In order to activate a new ATM card online, the SBI...

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Rupee Gains 37 Paise As Crude Oil Prices Hit 14-Month Low

Rupee Vs Dollar: Rise in the rupee was also supported by dollar-selling by exporters and banks and the US unit's weakness against some currencies overseas ahead of US Federal Reserve Monetary policy...

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Government's Cash Problem Just Got More Bearable, Thanks to RBI Switch

Shaktikanta Das, a former bureaucrat picked by PM Modi to steer the RBI after Urjit Patel's exit, is open to hearing the government out on its concerns about the economy

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Sensex Loses 185 Points, Nifty Below 10,850

Infosys, Zee Entertainment, Wipro, Indiabulls Housing Finance and Yes Bank were the top five Nifty50 losers.

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Government Liabilities Rise By Rs 2.2 Lakh Crore In July-September

Public debt accounted for 89.3 per cent of total outstanding liabilities at end-September 2018 with the share of internal debt being 82.9 per cent.

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Airtel, Vodafone Revise 199-Rupee Plans To Offer Additional Data

Under the Rs 199 prepaid plan, both the telecom companies, Bharti Airtel and Vodafone, are now offering 42 GBs of data for a period of 28 days.

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India Post Now Has An E-Commerce Portal: 5 Things To Know

India Post - which operates a network of more than 1.5 lakh post office in the country - will ship the products purchased through its e-commerce portal, ecom.indiapost.gov.in, through its Speed Post...

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IL&FS To Sell Road Assets Held By Subsidiary

IL&FS has initiated the process of divesting its stake in the road businesses as individual assets or as a portfolio of assets, it said in a statement

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Centre Holds Off Raising Import Tariffs On US Goods

Centre deferred for the fourth time retaliatory action against higher import tariffs imposed by the US on steel and aluminium

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Rupee Moves Higher To End At 71.56 Against Dollar

The gain of around 0.5 per cent in the currency came amid strong gains in domestic equity markets, after release of positive trade data by the goverment. Weakness in the dollar against major peers...

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Bengaluru-Based Byju's Raises $540 Million From Venture Funds

Byju's had earlier raised funds from Chan-Zuckerberg Initiative, Tencent, Sequoia Capital, Sofina, Verlinvest, Aarin Capital, Times Internet, Lightspeed Venture Partners and the International Finance...

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Thyssenkrupp's Andreas Goss To Head Joint Venture With Tata Steel

The appointment was first flagged by Reuters earlier this month and ends months of uncertainty over the new entity's leadership.

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These Banks Fetch Up To 9.5% Returns On Deposits Below 1 Crore Rupees

Fixed deposits, which require customers to park their funds with a bank until a specific period of time, offer guaranteed returns. However, the rate of return on fixed deposits of small finance banks...

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Gold Prices Fall For Second Straight Day: 5 Things To Know

In the national capital, gold of 99.9 per cent and 99.5 per cent purity dropped by Rs 190 each to Rs 32,000 and Rs 31,850 per 10 grams, respectively.

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Google To Invest $1 Billion To Set Up New Campus In New York

The new campus will be the primary location for Google's global business organisation, the company said in a blog post.

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Sensex Gains Over 300 Points, Nifty Settles At 10,888

Major advancers on both the indices were Tata Motors, Power Grid Corporation, HDFC.

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These Investment Schemes Guarantee Fixed Returns

People looking for assured returns should park their funds in fixed-income schemes like fixed deposits, recurring deposits and public provident fund, which guarantee a specific rate of return on...

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Centre's Pressure On RBI May Hurt India's Financial Stability: S&P Global

S&P's lead global sovereign analyst said last week country's 7% annual growth would be enough to keep country's investment grade BBB- rating stable.

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Rupee Gains 16 Paise Against Dollar Amid Sustained Foreign Fund Inflows

Rupee Vs Dollar: Increased selling of the American currency by exporters and banks and sustained foreign fund inflows supported the domestic currency, traders said.

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Sensex Gains Over 200 Points, Nifty Above 10,850

The S&P BSE Sensex opened at 36,129.13 and the Nifty50 barometer of the National Stock Exchange at 10,853.20.

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ATM Charges Levied By Top Banks For Transactions And Other Services

From State Bank of India to private sector peers like HDFC Bank, ICICI Bank, banks offer a fixed number of ATM transactions free of cost every month.

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Recurring Deposit Interest Rates: Here's What Top Lenders Pay

Recurring Deposit or RD is a kind of term deposit under which one needs to deposit a fixed amount at fixed interval, which generates interest income.

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Post Office Monthly Income Scheme Account: Interest Rate, Other Details

Post office monthly income scheme (MIS) account: Nomination facility is available at the time of opening and also after opening of MIS account.

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Minimum Balance Rules Of Top Banks Explained Here

Banks charge a penalty from the customers who fail to maintain an average monthly balance in their savings account.

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Market Outlook: US Interest Rate Decision To Guide Markets This Week

Global cues like the US interest-rate decision as well as developments surrounding international trade tensions are expected to determine the trajectory of major domestic equity indices, experts said.

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Allahabad Kumbh Mela: Indian Railways Proposes To Run 800 Special Trains

Allahabad Kumbh Mela 2019: The Indian Railways has proposed to run 800 special trains from various stations of Allahabad district in order to facilitate the arrival of tourists for Allahabad Kumbh...

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Market Review: Macroeconomic Data, Hopes Of Low Rates Fuel Indices

Expectation of lower interest rates with further liquidity infusion by the Reserve Bank of India (RBI) under its new chief, along with healthy macro-economic data points, drove the key equity indices...

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Government To Focus On Public Debt Management: Economic Affairs Secretary

By comparing what a country owes with what it produces, the debt-to-GDP ratio indicates its ability to pay back its debts.

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SBI Offers These Types Of Zero Balance Savings Accounts

SBI's zero balance savings account does not require customers to maintain any particular minimum average balance.

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Gold Prices Fall On Low Demand From Jewellers: 5 Things To Know

In Delhi, gold of 99.9 per cent and 99.5 per cent purities dropped by Rs 30 to Rs 32,190 and Rs 32,040 per 10 grams, respectively.

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Recurring Deposit (RD) Interest Rates: Here's What SBI, Post Office Pay

Unlike a fixed deposit (FD) account, in which a lump-sum amount is locked in for a defined period against a fixed return, a recurring deposit (RD) account allows the investor to park a fixed amount of...

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Fixed Deposit Interest Rates: Returns Offered By Top Lenders Banks Here

The fixed deposit accounts which have a lock-in period of five or 10 years also offer income tax benefit under Section 80C of the Income Tax Act.

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IRCTC Ticket Reservation: All You Need To Know About Online Payment Methods

Advance bookings can be generally done up to 120 days in advance for all classes and all trains,noted IRCTC.

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GoAir, IndiGo, SpiceJet Offer Discount On Flight Tickets. Details Here

GoAir, IndiGo and SpiceJet are offering a host of discount offers on domestic and international flight tickets.

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Post Office Savings Account Internet Banking: How It Works, Other Details

Under this new facility, customers will be able to transfer funds from one post office savings bank account to another POSB account.

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GoAir Offers Flight Tickets From 999 Rupees

GoAir's offer on flight tickets come amid high competition in the country's civil aviation sector, boosted by robust growth in passenger traffic registered over past few months.

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Reliance Jio Long-Term Prepaid Packs: Data, Price And Other Details

Reliance Jio provides high speed data to the tune of 60-750 GBs, among other benefits, over a validity period ranging from 90 days to 360 days to its prepaid customers in the four recharge plans,...

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SpiceJet To Operate Six New Direct Flights From This City

"All the flights are scheduled to commence from January 10, 2019, except the one on Chennai-Bagdogra route which will start operations from February 11, 2019," SpiceJet said in a statement.

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Government Will Stick To 3.3% Fiscal Deficit Target This Year: Arun Jaitley

Listing out the challenges to the economy, Arun Jaitley said there is a need to get out of the "syndrome of difficulties in credit" and improve the liquidity situation in the market.

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Flagging Issues Of Credit, Liquidity Does Not Infringe On RBI's Autonomy: Arun Jaitley

Arun Jaitley said not just the government but industry associations like FICCI too should have gone to the Reserve Bank to narrate the challenges facing the market.

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India Post Launches Internet Banking Facility For Savings Account Users

Communications Minister Manoj Sinha also launched e-commerce portal of the Department of Posts providing an online market place to rural artisans and public sector units to sell their products.

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Gold Prices Remain Steady, Silver Rates Drop By Rs 200: 5 Points

Gold, silver prices: Globally, gold declined to $1,239.58 an ounce in New York, while silver held steady at $14.68 an ounce.

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Rupee Falls By 22 Paise To End At 71.90 Against Dollar

The rupee finished the week with a loss of 109 paise - or 1.5 per cent - against the greenback.

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Trade Deficit Narrows To $16.67 Billion In November, Exports Up 0.80%

The country's oil imports, however, increased in November to $13.49 billion, up 41.3 per cent from a year earlier, the data showed.

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Jana Bank Revises FD Interest Rates: Compare Returns Paid By Peers

Small finance banks (SFBs), which cater to niche customers, offer banking products like savings, recurring and fixed deposit (FD) accounts. While their products are similar to mainstream banks, their...

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Sebi Eases Norms For Listing Of Start-Ups

Sebi cleared a proposal to allow custodial services in the commodity derivatives market to enable institutional participation.

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United Airlines To Launch Daily Flight From Delhi To San Francisco

United Airline's new route to San Francisco will be the airline's third daily nonstop service from India, the airline said in a statement.

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Crude Oil Price Falls On China Economic Data, Output Cuts Support

China, the world's No.2 economy, on Friday reported some of its slowest growth in retail sales and industrial output in years, highlighting the risks of the country's trade dispute with the United...

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RBI Board Reviews Governance Framework Under New Governor Shaktikanta Das

This is the first board meeting after the RBI's former chief Urjit Patel's resignation earlier this week following widening differences between the government and the central bank.

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Sensex Ends 33 Points Higher, Nifty Settles At 10,805

Share markets on Friday: Nineteen out of 30 Sensex stocks finished the session higher.

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Founder Naresh Goyal Major Obstacle In Jet Airways Rescue Deal: Report

Naresh Goyal's penchant for control has emerged as a major obstacle as Jet Airways tries to negotiate a rescue deal, people who know him told Reuters

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Sold Allotted Shares In Soon-To-List SoftBank Telecom Unit: SBI Holdings

SoftBank Corp priced its IPO earlier this week at an indicated 1,500 yen ($13.22) per share, and said it would sell an extra 160 million shares to meet the demand, raising about $23.5 billion.

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Wholesale Inflation Eases To 4.64% In November

The rate of increase in wholesale prices, determined by Wholesale Price Index (WPI), had stood at 5.28 per cent in the previous month, the Ministry of Commerce and Industry said in its statement.

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Standard Chartered Lays Off Over 200 Employees In India Unit: Report

Standard Chartered Plc has laid off over 200 employees in India in its retail banking division, as more customers move to digital services, states Reuters report.

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Liquidity Constraints Of Shadow Banks To Hit Economic Growth: Moody's

Country's GDP growth will slow to just above 7% for fiscal 2019 and 2020, said Michael Taylor, a Moody's Managing Director and Chief Credit Officer for Asia Pacific.

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Rupee Loses 14 Paise Against Dollar Ahead Of RBI Board Meeting

Rupee Vs Dollar: Rupee Friday depreciated by 14 paise to 71.82 in early trade In the forex market as the American currency strengthened, while the domestic equity market opened on a weak note.

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RBI Board Meets Today Under New Chief Amid Worries About Autonomy

Prime Minister Narendra Modi has a new ally at the Reserve Bank of India in Governor Shaktikanta Das, who may be more amenable to the government's requests to ease lending restrictions on state-run...

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Sensex Down 94 Points, Nifty At 10,761

In the first few minutes of trade, the 30-share Sensex traded at 35,835.28, down 94.36 points or 0.26 per cent and the 50-scrip Nifty was at 10,761.45, with a loss of 30.10 points or 0.28 per cent.

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SBI Holiday Savings Account: How It Works, Interest Rates, Other Details

The e-recurring deposit account is opened for enrolling in Holiday Savings Account scheme of Thomas Cook and therefore information on this account is shared with Thomas Cook, noted SBI.

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Differences Either Get Settled Or RBI Governors Make Way: Arun Jaitley

Jaitley said the RBI has the responsibility as far as credit and liquidity is concerned and it is not an issue of confrontation if the "sovereign accountable government" forces the issue for a...

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Senior Citizens Get Up To 0.65% Higher Return On FD Than General Public

Today, top commercial banks - from state-run SBI, Punjab National Bank and Bank of Baroda to private sector peers ICICI Bank and HDFC Bank - provide a return of 3.5-8.15 per cent to senior citizens on...

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Iran Moves Two Position Lower Among Top Oil Suppliers To India

Imports from Iran in November, included some parcels that were loaded in October. In November, Iraq and Saudi Arabia continued to be the top two oil sellers to India.

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Rupee Advances To Above 72 Mark Against Dollar: 10 Things To Know

The rupee advanced by 33 paise against the dollar to close at 71.68 on Thursday, a day after the release of strong macroeconomic data. The rupee rose by as much as 50 paise to touch 71.51 against the...

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Petrol Prices Rise For First Time In 2 Months: 5 Things To Know

The increase in petrol prices come after the rate of the fuel declined over 15 per cent in the last two months from the highs recorded in mid-October.

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Gold Prices Lose Shine Amid Weak Domestic Demand: 5 Things To Know

Gold Price Today: Poor demand from jewellers and weak global cues exerted pressure on the yellow metal, traders said.

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Sensex Closes 150 Points Higher, Nifty Settles At 10,791

The rally in benchmark indices was boosted by gains in financial services, banking, auto, FMCG and IT stocks.

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New CEO To Be Appointed Within RBI Deadline Of February 1: Yes Bank

The final recommendation for the CEO post will be submitted to the Reserve Bank of India (RBI) after the next board meeting on January 9, 2019, Yes Bank said.

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Jana Small Finance Bank Raises Interest Rates On Term Deposits

After the revision, Jana Small Finance Bank customers holding FD and RD accounts with the bank will earn interest up to 9.6 per cent on their investment. On an FD of three years without a premature...

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Zero Balance Account: Interest Rates Offered By Key Banks Compared Here

Zero balance accounts are saving accounts where average monthly balance (AMB) rule is not applicable.

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Vistara Festive Sale Extended: Fares, Discount On Flight Tickets, Routes

Vistara festive sale: Vistara has extended its festive sale offer, in which it is offering flight tickets from an all-inclusive fare of Rs 999. Customers can book flight tickets under the latest...

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BSNL Recruitment Drive: Opportunity To Earn Up To 50,500 Rupees/ Month

Eligible candidates are required to apply online for the 150 management trainee (external) positions, and the online registration process will open from December 26, 2018 for a period of one month,...

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Rupee Gains 42 Paise Against Dollar: 10 Things To Know

The rupee gained 42 paise to 71.59 against the US dollar in early trade today after the new central bank chief indicated co-operating with the government and various banks in tackling economic issues,...

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7% Growth Offsets RBI Autonomy Concerns: S&P Global On India's Rating

"When you are growing at 7%, that environment is quite forgiving, because it allows for a lot of these unorthodox things to happen," said S&P's lead global sovereign analyst Roberto Sifon-Arevalo.

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Rupee, Bonds Surge After Easing Inflation Fuels Rate Cut Hopes

Bonds rose on Thursday after inflation eased sharply in November, bolstering expectations of a rate cut sooner than expected, while the rupee also strengthened as global trade tensions eased.

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Sensex Gains Over 200 Points, Nifty Hits 10,800

Indiabulls Housing Finance, Yes Bank, Indian Oil, State Bank of India and Tata Motors were the top five Nifty gainers.

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Fitch Hints Rating Downgrade If Government Scuttles RBI Mandate

In November, Fitch had affirmed the "BBB-" lowest investment grade sovereign rating on India, with a stable outlook.

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Sebi Allows Mutual Funds To Separate Distressed Assets In Portfolio

Mutual funds are heavily invested in papers issued by the so-called shadow banks, and, analysts say, a potential default at these banks could cripple many of these funds.

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RBI Governor Shaktikanta Das To Meet State-Run Bank Chiefs On Thursday

Shaktikanta Das's more communicative approach is in contrast to his more reticent predecessor, Urjit Patel, who resigned on Monday following a drawn out public dispute with the government.

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November Retail Inflation Hits 17-Month Low In Boost To New RBI Chief

The October inflation rate was revised to 3.38% from 3.31%, and a Reuters poll showed analysts expected 2.8% in November.

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November Retail Inflation Falls To 2.33%, Here's What Experts Say

Analysts polled by Reuters had forecast November's annual increase in the consumer price index at 2.8 per cent, compared with October's 3.31 per cent.

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Gold Logs First Loss In Four Days: 5 Things To Know

INR Vs USD: The fall in prices was mainly due to weaker demand from local jewellers and negative global cues, traders said.

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These Banks Offer Up To 9.5% Interest On Fixed Deposits Below Rs 1 Crore

Small finance banks (SFBs) offer high interest rates on savings, fixed deposit and recurring deposit accounts. Small finance banks, which cater to a niche customer base, offer higher interest rates...

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Rupee Declines By 16 Paise To Settle At 72.01 Against Dollar

INR vs USD: The weakness in the rupee comes amid the prompt appointment of former bureaucrat Shaktikanta Das as the new RBI Governor.

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Consumer Inflation Eases To 2.33% In November

Wednesday's data supports the central bank's decision to hold interest rates in its policy statement earlier this month.

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IndiGo's New Year Sale: International Flight Tickets Start From Rs 3,299

IndiGo's offer on international flight tickets come amid high competition in the country's civil aviation sector.

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RBI Is A Great Institution, Has Got Rich Legacy: New Governor Shaktikanta Das

RBI is a great institution, has got rich legacy: RBI Governor Shaktikanta Das

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Sensex Closes 629 Points Higher, Nifty Settles At 10,737

With that the Sensex and Nifty took advances in two consecutive sessions to 2.3 per cent and 2.4 per cent respectively.

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Vistara Offers Flight Tickets From Rs 999 In 24-Hour Festive Sale

Vistara 24-hour festive sale on flight tickets: Vistara is offering flight tickets from Rs 999 in a 24-hour festive sale today, the airline said.

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In His Own Tweets: What New RBI Governor Shaktikanta Das Thinks

Shaktikanta Das is an active user of Twitter, a sharp contrast to the outgoing RBI chief Urjit Patel who was publicity shy and rarely gave interviews.

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Bonds Surge, Rupee Weakens After Appointment Of New RBI Governor

Rupee Vs Dollar: Rupee was trading at 72.03 per dollar versus its previous close of 71.84 after initially dropping as low as 72.20 at the open.

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Sensex Surges Over 200 Points, Nifty Hits 10,600

Trading between 1.52 per cent and 3.47 per cent, Indiabulls Housing Finance, Yes Bank, Tata Steel, Kotak Mahindra Bank, and Sun Pharma were the top gainers.

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Air India Calls Bids To Sell Iconic Nariman Point Building

As per the tender document, the company will retain "approximate 5.000 sq.ft" of carpet area on 22nd floor for its office use.

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How To Open Post Office Savings Account: Interest Rates And Other Details

Interest earned in a savings account is tax free up to Rs 10,000 per year from financial year 2012-13, noted India Post.

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Fuel Demand Fell 1.8% Year On Year In November

Consumption of fuel, a proxy for oil demand, totalled 17.27 milliontonnes, data from the Petroleum Planning and Analysis Cell (PPAC) showed.

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Shaktikanta Das Appointed New Governor Of RBI: Here's What Experts Say

On Monday, Urjit Patel's resignation came after over a month-long tussle over policy with government that raised concerns about RBI's independence.

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Rupee Tumbles 53 Paise To Close At 71.85 Against Dollar

The domestic unit, which saw a heavy sell-off by in opening trade, staged a mild recovery towards the end of session but still settled in negative territory.

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Shaktikanta Das RBI's New Governor: Everything You Need To Know

Shaktikanta Das appointed new RBI Governor, reportednews agency Reuters.

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Shaktikanta Das appointed new RBI governor: news agency Reuters

Shaktikanta Das appointed new RBI governor: news agency Reuters Mr Das succeeds Urjit Patel who announced his shock exit on Monday.

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What's Next For RBI: Friday Board Meet Unlikely Without New Governor

There's no obvious candidate, but local media are floating names of several people, including Subhash Chandra Garg, and Rajiv Kumar, both of whom are RBI board members.

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Gold Prices Rise By Rs 155 On Jeweller's Demand: 5 Things To Know

Globally, gold stood at $1,246.17 an ounce in New York and silver held steady at $14.59 an ounce.

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Sensex Surges 190 Points To Reclaim 35,150, Nifty Settles At 10,449

Share markets on Tuesday: Investors are now looking forward to government's announcement regarding the next Reserve Bank of India (RBI) governor which is likely to be done later in the day.

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Falling Oil, Gas production A Concern: Oil Minister

Crude oil production in October dropped 5 per cent from a year earlier to about 2.89 million tonnes.

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Announcement On Urjit Patel's Successor Likely Soon: Finance Secretary

The RBI has been rendered headless following Urjit Patel's unexpected resignation with immediate effect on Monday. His exit comes four days ahead of a crucial meeting of the board of the central bank...

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Urjit Patel Resignation "Disturbing", Says Bank Staff Association

The government is bent on weakening the RBI and making it pliable to meet its own political needs, said All India Bank Employees' Association General Secretary CH Venkatachalam.

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Sensex, Nifty Recover Most Of Day's Losses

Yes Bank (up 5.34 per cent), Sun Pharma (up 4.91 per cent), Asian Paints (up 2.75 per cent), Indiabulls Housing Finance (up 2.39 per cent), and UltraTech Cement (up 1.98 per cent) were the top Nifty...

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"RBI Doesn't Rely On Anyone Specific": Niti Aayog On Urjit Patel's Exit

"It is not as if the RBI is dependent on any particular individual," said Rajiv Kumar, vice chairman of the NITI Aayog think tank, adding the country's institutional capabilities are very strong.

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Rupee Plunges Against US Dollar

Rupee and bonds plunged following Reserve Bank of India Governor Urjit Patel's unexpected resignation after market hours on Monday shocked investors.

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Sensex Down Over 450 Points, Nifty Below 10,350

Domestic stock markets plunged in opening trade on Tuesday as investors turned jittery a day after Reserve Bank of India (RBI) governor Urjit Patel resigned.

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Economist Surjit Bhalla Quits From PM's Economic Advisory Council

"I resigned as part-time member of PMEAC on December 1," Surjit Bhalla said on social networking site Twitter.

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Sensex, Nifty Likely To Open Sharply Lower Today: 5 Things To Know

The stock markets are likely to open sharply lower on Tuesday, a day marked with the much-awaited results of assembly elections in five states. The SGX Nifty was down 169.5 points, or 1.6 per cent, at...

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Rupee Slips Below 71 Mark Against Dollar, Likely To Fall On Tuesday

The rupee weakened by 50 paise against the dollar on Monday, as domestic equity markets plunged amid renewed concerns on the US-China trade front. A 2 per cent fall in the domestic equity markets, a...

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RBI Governor Urjit Patel's Exit Likely To Spook The Market: Experts

The government and the RBI have been fighting for weeks over how much autonomy the bank should have as the administration of Prime Minister Narendra Modi seeks to reduce curbs on lending and to gain...

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"Baseless And Incorrect": RBI Denies Reports About Viral Acharya's Exit

Viral Acharya, who is in charge of the monetary policy department, warned of the wrath of the markets if the autonomy of a central bank is compromised.

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Government Not Informed In Advance Of Urjit Patel's Decision: Report

Mr Patel, who succeeded Raghuram Rajan in September 2016 for a three-year term, has been at loggerheads with the finance ministry on matters including the banking crisis and interest rates.

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Urjit Patel Statement On Stepping Down As RBI Governor

His resignation will take effect immediately, he said in a statement.

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Urjit Patel Steps Down As RBI Governor Effective Immediately

"On account of personal reasons, I have decided to step down from my current position effective immediately," he said in a statement.

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Markets Fall 2%: Sensex Closes 713 Points Lower, Nifty Gives Up 10,500

Stock markets shed around 2 per cent on Monday, as investors turned cautious a day ahead of assembly election results of five states. The Sensex nosedived 713 points to end at 34,959, while the Nifty...

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Myntra CEO Ananth Narayanan Quits: Report

Myntra CEO Ananth Narayanan's position will be abolished as Flipkart's Amar Nagaram is set to head the unit, the report stated.

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Cabinet Okays 4% Rise In Government Contribution To Pension Scheme

The cabinet on Monday enhanced the mandatory contribution by the central government for its employees covered under National Pension System (NPS) Tier-I from the existing 10 per cent to 14 per cent.

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GoAir Adds 24th Domestic Destination, Offers Flight Tickets From Rs 1,415

GoAir flight ticket offer: GoAir is connecting Kannur to Bengaluru, Hyderabad and Chennai, according to goair.in. Flight tickets on the routes begin from Rs 1,415.

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April-November Net Direct Tax Collection Up 14.7% To Rs 5.51 Lakh Crore

Direct tax collection grew 14.7% from a year earlier to Rs 5.51 lakh crore during April to November, the finance ministry said in a statement on Monday.

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Kotak Bank Moves Court "To Protect Interest" On Preference Shares Issue

Kotak Mahindra Bank Ltd said on Monday that it had challenged in court the central bank's decision to not allow its promoter to issue preference shares to reduce stake in the private-sector lender.

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November Inflation Likely To Have Softened To 16-Month Low: Poll

If the economists' consensus is realised, November data will mark inflation below RBI's medium-term target of 4% for a fourth straight month.

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Sensex Opens Over 550 Points Lower, Nifty Below 10,550

Trading between 2.48-3.72 per cent lower, Indiabulls Housing Finance, Adani Ports, Bajaj Finserv, Reliance Industries, and Mahindra and Mahindra were the top five Nifty losers.

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IMF Chief Economist Praises GST, Bankruptcy Code Reforms

India's growth has been "very solid" over the past four years, IMF's Chief Economist Maurice Obstfeld said.

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Notes Ban Zapped 86% Cash But Impact Was "Much Less": Arvind Subramanian

Former Chief Economic Advisor Arvind Subramanian said the autonomy of the Reserve Bank of India must be protected because the country will benefit by having strong institutions.

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GoAir Starts Flights From Bengaluru To These International Destinations

The launch of Bengaluru-Phuket and Bengaluru-Male operations by GoAir comes nearly two months after the airline began flying international.

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Atal Pension Scheme: How Much Money You Need To Reach Retirement Goal

Regulator PFRDA or Pension Fund Regulatory and Development Authority, which administers the Atal pension scheme, allows persons between 18 and 40 years of age to invest their money in the plan to earn...

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How To Open Kisan Vikas Patra Account: Return, Minimum Investment Needed

Kisan Vikas Patra (KVP) is one among nine small savings schemes offered by India Post. Investment in KVP at present fetches a return of 7.7 per cent. Interest on money deposited in the KVP account is...

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Non-Maintenance Of Minimum Balance: Penalty Charges Levied By Top Banks

Most of the leading banks have fixed their AMB according to the location of a customer's account in urban, metro, semi-urban and rural areas.

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Looking To Invest In National Pension System (NPS)? Five Things To Know

NPS enables the subscriber to adjust allocation to different asset classes, such as equity market instruments, government securities and other fixed income instruments.

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SpiceJet Announces New Flights At A Starting Fare Of Rs 2,209

SpiceJet's new flights are scheduled to be introduced between January 1 and February 28, the airline said.

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IRCTC Upgrades Buddhist Circuit Tourist Train: Check New Features, Routes

The new Buddhist circuit tourist train is equipped with enhanced features and will cover all the important destinations associated with Buddha's life.

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Election Results, Macro Data To To Drive Market Next Week, Say Experts

Markets will take cues from the macro-economic data points such as the IIP (Index of Industrial Production) and Balance of Trade figures.

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India Expected To Receive Total Remittance Of $80 Billion In 2018: World Bank

Future remittances to low and middle-income countries are expected to grow moderately by 4 per cent to reach $549 billion in 2019, said World Bank.

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How To Set Up PPF Account From State Bank Of India Account Online

SBI customers - holding one or more bank accounts with the bank - can prepare a PPF application form online through the lender's internet banking portal, onlineSBI.com, by providingdetails such as...

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No GST On Sale Of Properties With Complete Certificate: Government

The Finance Ministry said that housing projects in the affordable segment or any other housing scheme of state governments will attract GST of 8%.

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Wow Air Launches Direct Flights To Iceland From Delhi

Besides its New Delhi-Reykjavik flight, the airline serves a number of destinations from New Delhi.

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Post Office Sukanya Samriddhi Account: Interest Rate And Other Details

The subsequent deposits in a Sukanya Samriddhi account should be made in multiple of Rs 100, said India Post.

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Gold Prices Climb By Rs 250 Amid Positive Global Cues: 5 Things To Know

A firm trend overseas, where gold spurted on safe-haven buying, boosted the yellow metal's prices, traders said.

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Deadline For Filing GST Annual Returns Extended Till March 31

In a statement, CBIC said, "the competent authority has decided to extend due date for filing Form GSTR-9, GSTR-9A and GSTR-9C till March 31, 2019.

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Indian Railways Booking: 10 Things To Know About Reservation Charges

Advance reservations can be made generally done up to 120 days in advance for all classes and all trains, said Indian Railways.

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These Banks Pay Up To 9.55% Interest On Fixed Deposits Below Rs 1 Crore

Consider this: on deposits below Rs 1 crore, the largest lender of the country, State Bank of India (SBI), offers 6.8 per cent interest for a tenure of one year to less than two years. Jana Small...

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Jet Airways, IndiGo, SpiceJet Announce New Flights, Discounts On Tickets

Jet Airways, country's biggest full-service carrier by market share, introduced 65 new weekly services to its flight operations on Tuesday.

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Centre's Contribution To NPS Raised To 14% Of Basic Salary

National Pension System (NPS) is a government-sponsored pension scheme that was launched in January 2004 for government employees.

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SBI Gets Shareholders' Approval To Raise Up To Rs 20,000 Crore

The proposal is subject to the condition that government shareholding in equity share capital of bank does not fall below 52% at any point of time.

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Attractive Stressed Assets Up For Sale In India: Arun Jaitley

Arun Jaitley said the government not only enacted the Code expeditiously but is also implementing it at an unprecedented pace.

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Post Office National Savings Certificates: Interest Rates, Other Details

The minimum amount required for opening National savings certificates (NSCs) account is Rs 100 in multiples of Rs 100, according to India Post.

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Current Account Deficit Hits Four-Year High In July-September

Oil prices have slumped by more than 30% since early October, pressured by concerns supply will exceed demand in 2019 as economic growth slows.

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Iran Agrees To OPEC Oil Output Cut By 0.8 Million Barrels Per Day: Report

OPEC will later ask non-OPEC producers to contribute an additional 0.4 million bpd to the cuts, the report said.

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Rupee Closes Higher At 70.67 Against Dollar: 10 Things To Know

The rupee rose by 23 paise to close at 70.67 against the dollar on Friday, supported by strength in domestic equities and weakness in the greenback overseas. A fall in crude oil prices - with...

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Gold Prices Fall On Sluggish Buying By Jewellers: 5 Things To Know

Globally, gold remained almost flat at $1,238.80 an ounce and silver was near unchanged at $14.44 an ounce in New York.

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This Zero Balance SBI Account Can Be Opened Even Without Valid Documents

SBI's small account with zero balance requirement: However, SBI's small account can be opened by anyone who does not have valid KYC documents, provided he is above 18 years of age.

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Dharmendra Pradhan Hopes OPEC Will Remember Consumers When Cutting Output

OPEC tentatively agreed to an oil output cut but was waiting for a commitment from non-OPEC producer Russia before deciding on the exact volumes for a production reduction aimed at propping up oil...

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FD Interest Rates: Returns Offered By Private, Public Sector Banks

From a fixed deposit, the money can only be withdrawn only after the term has ended or by giving a predetermined number of days notice.

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Sensex Closes 361 Points Higher, Nifty Settles At 10,693

Share markets on Friday: Top laggards in the 30-share Sensex pack were Kotak Bank, Adani Ports, Bajaj Auto, Infosys, Asian Paints and HeroMotoCorp.

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Government Appoints Krishnamurthy Subramanian As Chief Economic Adviser

Krishnamurthy Subramanian's appointment is for a period of three years, according to news agency Press Trust of India.

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Kotak Mahindra Bank Surges Over Report That Berkshire May Invest

Uday Kotak, the billionaire head of Kotak Mahindra Bank, has been asked by the country's central bank to lower his holding in the bank to 20 per cent by the end of this year, and to 15 per cent by...

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Jio 1.5-5 GB Per Day Recharge Packs: Compare Plans Here

Reliance Jio Recharge: Reliance Jio provides a total of 12 recharge packs - or prepaid vouchers - to offer between 42 GBs to 547.5 GBs of mobile data at high speed with daily limits of 1.5 GBs to 5...

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Rupee Up 46 Paise As Crude Prices Ease: 10 Things To Know

The rupee rose by 46 paise to 70.44 against the US dollar in early trade today amid softening crude oil prices, reported news agency Press Trust of India (PTI). Weakness in the American currency, the...

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HCL Tech To Buy Select IBM Products In 12,700 Crore-Rupees All-Cash Deal

The deal entails seven products in areas including security, marketing and collaboration solutions, and represents a total addressable market of more than $50 billion, HCL Tech said.

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All You Need To Know About Gold Investment This Wedding Season

There are several gold investment options available in the market. The traditional gold investment mode is purchasing of physical gold.

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RBI-Government Feud In Fitch Report As India Growth Forecast Is Slashed

"So far, the Reserve Bank of India has dismissed calls by the government to provide emergency liquidity and to ease lending restrictions," the rating company said in its latest Global Economic...

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Rupee Gains 56 Paise Against Dollar In Early Trade

Rupee Vs Dollar: Rupee appreciated by 46 paise to 70.44 against the US dollar in early trade on Friday.

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Sensex Surges Over 150 Points, Nifty Hits 10,650

Trading between 1.41-1.99 per cent, Yes Bank, Indian Oil, Hindustan Petroleum, Bharat Petroleum, and Vedanta were the top Nifty gainers.

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Power Finance To Buy Over 52% Stake In REC, Says Government

The sale may allow the government to say that it is getting closer to meeting its target of raising Rs 80,000 crore through the sale of government stakes in various entities in the year ending March...

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Crude Oil Prices Fall After Delay In Production Decision

OPEC met in Vienna to decide its production policy in coordination with non-OPEC producers including Russia, Oman and Kazakhstan.

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Government Approves Policy To Boost Farm Exports: Suresh Prabhu

The policy is aimed at helping the country step up exports of an array of farm goods.

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Jet Airways Tells Union It Will Clear All Salary Dues By April: Report

Jet Airways is facing financial difficulties and owes money to pilots, lessors and vendors.

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How To Link PAN With State Bank Of India Account Online

SBI internet banking customers are not required to visit a bank branch to feed their PAN card details into their internet banking profile. State Bank of India provides internet banking facilities to...

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10 Things To Know About Post Office Recurring Deposit (RD)

The 5-year post office recurring deposit (RD) account can be continued for another five years on a year-to-year basis.

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Rupee Payment Mechanism To Be Used For Oil Import From Iran: Report

State-owned UCO Bank is expected to announce the payment mechanism in the next 10 days, the report said.

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10% Rise In Telecom Investment Seen Boosting India's GDP By $1.2 Trillion

It is critical therefore for states across the country to leverage it to ensure greater direct and spill-over benefits, said Department of Telecommunications Secretary Aruna Sundararajan.

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GoAir Announces New Flights On These Routes

GoAir will now operate more than 1,600 weekly flights by the end of December, it said.

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Rupee Weakens To End At 70.90 Against Dollar: 10 Things To Know

The rupee fell by 44 paise against the dollar to close at 70.90 on Thursday. Weakness in domestic equity markets along with strength in the dollar pulled the rupee lower, leading to a 0.6 per cent...

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Indian Railways Circular Journey: How It Works, Steps To Book Tickets

Circular journey tickets give the benefit of telescopic rates, which are considerably lower than regular point-to-point fare, said Indian Railways.

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Gold Prices Rise By Rs 170, Silver Rates Inch Up By Rs 25: 5 Points

Higher demand during the ongoing wedding season from local jewellers coupled with positive global cues pushed the gold prices upwards, traders said.

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Zero Balance Savings Account: Services Offered, Rules, Facilities

Besides the facility of zero balance, BSBDA offers a free debit-cum-ATM card and a passbook without any charge. However, withdrawals from this account are limited as mandated by the RBI.

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Sensex Closes 572 Points Lower, Nifty Holds 10,600

Top laggards on the 50-scrip index, Nifty, were Indiabulls Housing Finance, Maruti Suzuki India, Bajaj Finserv, Tech Mahindra and Tata Motors.

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Jet Airways Offers Up To 30% Discount On Flight Tickets In Year-End Sale

Jet Airways' offer is applicable on both one way and return journeys on select booking classes.

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Fitch Cuts India Growth Forecast To 7.2% In FY19

"We now see GDP growth at 7.2% in the fiscal year ending March 2019 (FY19), followed by 7.0% in FY20 and 7.1% in FY21," Fitch said.

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Rupee To Decline To 75 Per Dollar By Mid-2019, Says Fitch Ratings

Rupee Vs Dollar: Rupee fell to a two-week low of 71.04 against the dollar in early trade on Thursday, mimicking most Asian currencies.

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India's Central Bank Dials Back Hawkish Tone: Foreign Media

Just two months after stating that interest rate cuts were "off the table," RBI Governor Urjit Patel said there's the possibility of "commensurate policy actions" if inflation continues to undershoot.

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Rupee Slips 54 Paise Against Dollar Amid Fund Outflows: 10 Things To Know

The rupee fell by 54 paise to touch 71 per dollar in early trade on Thursday, reported news agency Press trust of India (PTI). Losses in the rupee came amid strengthening of the greenback, fund...

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Bonds At 8-Month High On Liquidity Hopes; Rupee Loses 43 Paise/Dollar

The 10-year benchmark bond yield fell to as low as 7.38 per cent, its lowest since April 11 and compared with its previous close of 7.44 per cent.

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Sensex Down Over 200 Points, Nifty Manages To Hold Above 10,700

On Wednesday, foreign and domestic funds withdrew net equities worth Rs 357.82 crore and Rs 791.59 crore respectively, showed provisional NSE data.

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SpiceJet Announces New Flights, Fares Start From Rs 2,209

These new flights are scheduled to be introduced between January 5 and February 28, SpiceJet said.

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Book Tickets For Maharajas Express, Avail Discount On Air India Flights

Passengers can book the tickets--for the train as well as the flight--starting Wednesday on the Maharajas' Express website.

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Top Banks Pay These Rates To Senior Citizens On Tax-Saving FDs

Banks do not allow a premature withdrawal from such an FD account before completion of five years from the date of issue. Investment in these fixed deposits - income tax-saving FDs - is locked in for...

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Rupee Edges Higher To End At 70.46 Against Dollar

INR vs USD: Traders said the rupee came under pressure during the session following heavy selling in domestic equities amid foreign fund outflows.

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IndiGo Launches First International Flight From This City

IndiGo offers over 1,300 daily flights and connects 49 domestic destinations and 14 international destinations.

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Supreme Court Orders Attachment Of Amrapali Hotel, Malls, FMCG Firm

The top court issued notices asking why criminal proceedings should not be initiated against the Amrapali group.

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Gold Prices Rise By 100 Rupees: 5 Things To Know

In the national capital, gold of 99.9 per cent and 99.5 per cent purity rose by Rs 100 each to Rs 31,950 and Rs 31,800 per 10 gram, respectively.

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Reserve Bank of India Keeps Repo Rates On Hold

The decision to keep the repo rate unchanged at 6.50 per cent was as predicted by 64 of 70 analysts in a Reuters poll.

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Sensex Closes 249 Points Lower, Nifty Settles At 10,784: 10 Points

The domestic stock markets closed on a negative note on Wednesday after Reserve Bank of India (RBI) kept the repo rate -- the key rate at which the central bank lends short-term funds to commercial...

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RBI Policy Highlights: GDP Growth Estimate For 2018-19 Retained At 7.4%

RBI Policy: Reverse repo rate stands at 6.25 per cent, bank rate at 6.75 per cent, cash reserve ratio at 4 per cent.

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RBI Policy Meet: Inflation Projection Lowered For Second Half Of 2018-19

In its previous policy review in October, the RBI had projected the retail inflation to be around 3.9-4.5 per cent in the October-March period of FY19

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RBI Holds Key Lending Rates; Here's What Experts Say

RBI monetary policy: The monetary policy committee (MPC) kept the repo rate unchanged at 6.50% as predicted by 64 of 70 analysts in a Reuters poll.

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Reserve Bank of India Keeps Key Lending Rate Unchanged At 6.5%

In its policy statement in October, the RBI had kept the repo rate unchanged at 6.5 per cent.

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Rupee Slips By 26 Paise/Dollar Amid Rise In Crude Prices: 5 Points

The rupee lost 26 paise against the US dollar in early trade on Wednesday ahead of the outcome of the fifth bi-monthly policy review of Reserve Bank of India, reported news agency Press Trust of India...

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Maruti Suzuki India To Hike Prices

The price increase will vary for different models, the company said.

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Services Sector Boom Bodes Well For Economic Growth In Q3: Government

Business activity in the dominant services sector expanded in November at the quickest pace in four months, lifted by a significant rise in domestic demand, a private survey showed on Wednesday.

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November Services Activity Grows To 4-Month High: Survey

In the latest survey, the new business orders sub-index, a proxy for domestic demand, rose to a four-month high of 53.3 in November but foreign demand for domestic exports contracted for the first...

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Rupee Slips 26 Paise Against Dollar In Early Trade

Rupee Vs Dollar: Rupee depreciated by 26 paise to 70.75 against the US dollar in early trade Wednesday at the interbank foreign exchange, amid strengthening of the US dollar and foreign fund outflows.

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Battered Rupee On Track For Worst Annual Show In 5 Years: Survey

Rupee Vs Dollar: The November 28-December 4 survey of around 40 strategists forecast the rupee would weaken over 2 per cent by the end of May 2019, just after the general election, to 72.00 against...

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Jet Airways In Talks With Etihad Airways For Rescue Plan: Report

Executives from Etihad and Jet have met some of the airline's bankers in Mumbai in recent days to discuss ways to address its cash flow issues and evaluate the carrier's future business plan, says...

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SBI's Multi-Option Deposit Scheme: Here Are 10 Things To Know

Premature withdrawal is allowed in SBI's multi option deposit account. Rules of premature withdrawal of a fixed deposit (FD) account are applicable on the multi option deposit account, said SBI.

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Sensex Below 36,000, Nifty Breaks 10,800 Ahead Of RBI Policy Outcome

The S&P BSE Sensex opened at 36,035.65, and the Nifty50 barometer of the National Stock Exchange (NSE) started at 10,820.45.

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RBI Policy Meet Today, Governor's First Response On Autonomy Row Likely

After raising interest rates twice this year, the RBI will probably keep its repurchase rate unchanged at 6.5 per cent, according to 48 of 52 economists surveyed by Bloomberg.

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How Much You Pay For LPG (Cooking Gas) Cylinder This Month

The government subsidises 12 LPG cylinders of 14.2 kilograms each per household in a year. It provides the subsidy amount directly in the consumer's bank account.

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Opinion: Why India's Airlines Keep Struggling To Take Off

Jet Airways suffered losses for three consecutive quarters now; its cumulative current liabilities have climbed to $2.2 billion.

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RBI To Inject Rs 10,000-Crore Liquidity Into System On Thursday

The move by the central bank was in line with its decision to boost the liquidity in the system by Rs 40,000 crore in December.

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Government Signs Currency Swap Pact With UAE

Officials of the two central banks agreed the deal, which involves the Indian rupee and the UAE dirham, said a statement by the Indian embassy.

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Sebi Panel Recommends Direct Listing of Firms On Foreign Stock Exchanges

Such a framework would help Indian companies to access foreign capital at lower cost, said the report.

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S&P Downgrades Tata Motors Citing Jaguar Land Rover Weakness

S&P cut rating on Tata Motors' issuer credit and senior unsecured notes to 'BB-' from 'BB'.

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Jet Airways Announces 65 New Weekly Flight Services, Details Here

On its domestic network, Jet Airways announced introduction of a fourth frequency between Delhi and Amritsar, and a direct daily service connecting Mumbai to Amritsar. These services will be operated...

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Returns On Fixed Deposits In SBI, HDFC Bank, ICICI Bank, UCO Bank

Bank fixed deposits (FDs) are fixed-income instruments with a guaranteed rate of return on investments. They are popular among investors mainly because of the fixed rate of return that they offer,...

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Gold Prices Remain Unchanged: 5 Things To Know

Gold of both 99.9 per cent and 99.5 per cent purities remained flat at Rs 31,850 and Rs 31,700 per 10 grams, respectively.

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Small Savings Schemes Fetch Return Up To 8.7%. Compare Rates Here

The government revises the interest rates on small savings schemes - savings account, five-year recurring deposit, time deposit (TD), monthly income scheme, senior citizen savings scheme, Public...

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Postpaid Plans Under Rs. 500: Reliance Jio Vs Airtel Vs Vodafone Idea

Reliance Jio, Bharti Airtel and Vodafone Idea offer a host of postpaid plans in varied price ranges with more benefits to attract customers.

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Sensex, Nifty Break 6-Days Winning Streak

Top laggards on the 50-scrip index wereSun Pharma, Mahindra & Mahindra, Grasim Industries, HDFC and State Bank of India.

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Latest Interest Rates, Minimum Balance Rules Of State Bank Of India (SBI)

Recently, State Bank of India (SBI) raised interest rates on fixed deposit accounts across select maturities. It also reduced the amount that can be withdrawn from some of its ATM-cum-debit cards.

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Government Not To Participate In LIC Open Offer To Acquire IDBI Bank

In October, LIC announced an open offer for acquiring 26 per cent of equity in IDBI Bank at a price of Rs 61.73 per share, entailing total payout of over Rs 12,602 crore.

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Reserve Bank Of India Seen Keeping Rates Unchanged On Wednesday: Poll

The rupee is now nearly 6% off its low, and is expected to rally further as lower crude prices have also eased worries over current account deficit.

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Rupee Loses 9 Paise Against Dollar: 10 Things To Know

The rupee fell by 9 paise to 70.55 against the US dollar in early trade on Tuesday, reported news agency Press Trust of India (PTI). Losses in the domestic currency came amid rising crude oil prices...

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Filing Of Income Tax Returns Rises 50% So Far This Year

The Income Tax Department has sent two crore SMSes to people who had not filed returns or those whose income did not match with their filings.

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Sensex Down Over 50 Points; Nifty Up Marginally

The top five Nifty gainers were ONGC, Sun Pharma, Tata Motors, Dr Reddy's Laboratories and UltraTech Cement.

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RCom Unit Submits 1,400-Crores Corporate Guarantee To Telecom Department

The court in its order directed the telecom department to approve RCom's spectrum trading deal within seven days of the order and told RCom to furnish Rs 1,400 crore worth of corporate guarantee.

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Latest FD Rates Offered By Union Bank Of India, What Others Pay

The fixed deposit accounts which have a lock-in period of five or 10 years also offer income tax benefit under Section 80C of the Income Tax Act.

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All You Need To Know About NEFT, RTGS Transactions

Interbank transfer enables electronic transfer of funds from the account of the remitter in one bank to the account of the beneficiary maintained with any other bank branch.

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How Jio And Facebook Are Teaming To Find New Indian Users

India already has 480 million internet users -- about 75 percent more than the U.S. and second only to China.

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Unilever Adds Horlicks In $3.8 Billion Deal For Glaxo India

It's one of the Anglo-Dutch company's largest acquisitions under departing Chief Executive Officer Paul Polman, who in January is handing over to personal-care head Alan Jope.

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Rupee Posts Biggest Single Day Loss In 3 Months: 10 Things To Know

The rupee moved lower by 88 paise to end at 70.46 against the dollar on Monday, marking the first lower closing in past four days. Monday's fall of 1.3 per cent against the greenback also marked the...

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Debt-Laden Jet Airways To Stop Free Meals In Select Booking Classes

Jet Airways had already started phasing out free meals on the two lowest categories of economy fares. And it will now stop providing meals for two more categories from January 7.

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Launch Date, Features And Speed Of Train 18, India's Fastest Train

Although the speed touched 180 kmph on trial run, Train 18 will only be allowed to run at a maximum speed of 160 kmph in its commercial operations.

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Rupee Closes 88 Paise Lower Against Dollar

The rupee opened lower at 69.87 and fell further to settle lower by 88 paise, its biggest single-day loss in since August 13, at 70.46 per dollar.

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Gold Prices Jump, Break 4-Day Losing Streak: 5 Things To Know

In Delhi, gold of 99.9 per cent and 99.5 per cent purity rose by Rs 390 each to Rs 31,850 and Rs 31,700 per 10 grams, respectively.

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Sensex, Nifty Close Higher For Sixth Straight Session

Top gainers on the Nifty 50 were IndiaBulls Housing Finance, Yes Bank, HUL, Vedanta and GAIL, finishing between 3.5 per cent and 10 per cent higher.

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Real GDP To Grow At 7.2% In Fiscal Year 2018-19, Says Moody's

In its annual Banking System Outlook on India, the global rating agency stated that GDP will be driven by investment growth and strong consumption.

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Unilever To Acquire GSK's Health Food Drinks Business In India

Unilever's share of the total deal price is 3.3 billion euros ($3.75 billion), payable using cash, and shares in its subsidiary in India, Hindustan Unilever.

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GoAir Offers Flight Tickets From 999 Rupees. Routes And Other Details

The booking period of the offer ends on December 4, 2018, according to the airline's official website - goair.in

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Factory Activity Grows At Best Pace This Year In November: Survey

Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, rose to 54.0 last month from October's 53.1, confounding median expectations in a Reuters poll for a fall to 52.6.

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Top Bad-Debt Buyer Edelweiss To Focus On Soured Consumer Loans: Report

Edelweiss Asset Reconstruction Co. is setting up a team for that and seeks to start purchases in 2019, Chief Executive Officer Raj Kumar Bansal said.

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Jet Fuel Prices Slashed To Lowest In Seven Months By State-Run Indian Oil

The price in Delhi for domestic airlines was cut to Rs 68,050.97 a kiloliter on December 1, an 11 per cent reduction from a month earlier, according to a statement by the state-run company.

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Slower Growth Adds To Case For RBI To Keep Rates Unchanged: Experts

With inflation already at a 13-month low and oil prices sliding, calls for the Reserve Bank of India to stay on hold on Wednesday -- as most economists expect -- are getting stronger.

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Sensex Up 193 Points, Nifty Above 10,900

Gaining between 2.12 per cent and 3.88 per cent, Vedanta, Hindalco Industries, Tata Steel, JSW Steel, and Yes Bank were the top Nifty gainers.

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Looking To Invest In SBI Deposit Schemes? Here are 10 Options For You

State Bank of India (SBI) offers a wide range of facilities under its personal banking portfolio. From fixed deposit (FD) account to PPF (Public Provident Fund) account, the lender provides a variety...

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Latest Fixed Deposit (FD) Interest Rates For General, Senior Citizens

Private sector peers HDFC Bank and ICICI Bank last revised their FD interest rates on November 6 and November 15 respectively.

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Indian Railways To Run Second Tejas Express On This Route, Check Pictures

Like the Shatabdi Coaches, Tejas coaches also have a seating capacity of 78 passengers in each of the normal air-conditioned chair cars.

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Post Office Fixed Deposit (FD) Account: Interest Rates, Other Details

Post office time deposit (TD) or Fixed Deposit (FD) account can be opened by cash or cheque.

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Allow Majority Private Participation In State-Run Banks, Says Arvind Subramanian

Central to the liquidity issue was government's demand that the RBI hand over its surplus reserves by making changes to "economic capital framework".

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Jet Airways, IndiGo, Air India Offer Discount On Flight Tickets

Budget passenger carrier IndiGo announced Bhopal and Jabalpur as its 65th and 66th destinations respectively.

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New PAN Card Rules To Come Into Effect From December 5: 5 Things To Know

IT rules for specifying the time-line for making an application for allotment of PAN by certain persons and issuance of PAN has been amended.

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Transaction Charges On ATM-Cum-Debit Cards Levied By Top Banks

From SBI to private sector peers like HDFC Bank, ICICI Bank and Axis Bank - lenders offer a fixed number of ATM transactions free of cost every month.

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November GST Collections Fall To Rs 97,637 Crore

While the CGST and SGST showed a marginal improvement over last month when they were Rs 16,464 crore and Rs 22,826 crore, respectively.

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Dena Bank Merger: Bankers To Go On Strike On December 26

In a statement, the AIBEA said the unions in the banking sector were opposed to the merger of three banks.

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Jet Airways Latest Flight: Routes, Fares And Other Details

Jet Airways has also announced special 'introductory' return economy fares from Pune, starting at Rs 21,500 and a premiere fare of Rs 65,500.

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Gold Prices Fall For Fourth Straight Day: 5 Things To Know

In Delhi, gold of 99.9 per cent and 99.5 per cent purity fell by Rs 15 each to Rs 31,460 and Rs 31,310 per 10 grams, respectively.

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SBI's Zero Balance Savings Account: Interest Rates And Other Details

Basic RuPay ATM-cum-Debit card will be issued to BSBD customers free of cost and no annual maintenance charge will be applied, said SBI.

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Airtel's Postpaid Plans: Rs. 399, Rs. 499, Rs. 649, Rs. 799, Rs. 1,199

Airtel offers plans in a range of Rs. 399 to Rs. 1,199, which offer additional benefits such as subscription to Amazon Prime Video, Netflix along with regular benefits of unlimited calling and data.

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Microsoft's Market Value Overtakes Apple's For First Time In 8 Years

Shares of Microsoft rose 0.6 per cent to end the week at $110.89, putting its market capitalisation at $851.2 billion.

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