In a major decision, the Defence Ministry Thursday approved indigenous construction of six submarines for the Indian Navy at a cost of over Rs 40,000 crore, officials said.
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Bank of Maharashtra, 2 Other State-Run Lenders Taken Off RBI Watchlist
A RBI panel has removed Bank of India, Oriental Bank of Commerce and Bank of Maharashtra from its prompt corrective action plan list.
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from NDTV Profit - Latest http://bit.ly/2SfjQKS
Yes Bank Appoints Ajai Kumar As Interim CEO
Rana Kapoor stepped down as CEO on January 31 after the bank's founder completed his truncated term, the lender said in a statement.
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As New E-Commerce Norms Kick In, What Lies Ahead For Flipkart, Amazon
In late December, the government modified rules around foreign direct investment in e-commerce, creating additional hurdles for the retail giants.
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from NDTV Profit - Latest http://bit.ly/2BewNe3
Opinion: Relief For Stressed Companies - Is It Sufficient?
In May 2016, the Insolvency and Bankruptcy Code, 2016 (IBC) was enacted to tackle issues faced by sick companies in the context of insolvency and winding up.
from NDTV Profit - Latest http://bit.ly/2sVZqID
from NDTV Profit - Latest http://bit.ly/2sVZqID
Hero MotoCorp Posts Rs 769 Crore Profit In December Quarter
Revenue from operations grew 7.5 per cent to Rs 7,865 crore, the company said in a statement.
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from NDTV Profit - Latest http://bit.ly/2Tq17JK
Core Sector Growth Hits 18-Month Low
Crude oil, refinery products and fertiliser production recorded negative growth of 4.3%, 4.8% and 2.4%, respectively in December 2018.
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from NDTV Profit - Latest http://bit.ly/2MIhwXz
LPG Cylinder Gets Cheaper. Here's How Much You Pay Now
A 14.2-kg subsidised LPG cylinder will now cost Rs 493.53 in the national capital from midnight of Thursday
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Government To Not Extend February 1 Deadline For E-Commerce Norms
After due consideration, it has been decided, with the approval of the competent authority, not to extend the above deadline, it noted.
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from NDTV Profit - Latest http://bit.ly/2Gf2irF
Government says GST collections cross Rs 1 lakh crore mark in January
The government said on Thursday that GST or Goods and Services Tax collections crossed Rs 1 lakh crore in January. ...
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from NDTV Profit - Latest http://bit.ly/2HJrxEY
Government revises GDP growth at 7.2% in 2017-18 from 6.7% earlier
The government said on Thursday that its estimate of GDP growth for financial year 2017-18 stood at 7.2 per cent, instead of 6.7% earlier. The Ministry of Statistics said that GDP growth accordin...
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from NDTV Profit - Latest http://bit.ly/2Ru39Xq
Bharti Airtel Reports Rs 86 Crore Profit For October-December
The company reported a one-off gain of Rs 1,414 crore during the quarter.
from NDTV Profit - Latest http://bit.ly/2FZczcj
from NDTV Profit - Latest http://bit.ly/2FZczcj
At Least Two Banks Taken Off Of RBI's "Corrective Action" List: Report
RBI's board for financial supervision took the decision at its meeting after reviewing December quarter performance of all banks on the PCA list, the report said.
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from NDTV Profit - Latest http://bit.ly/2UwAy5X
Government Likely To Raise Rural Welfare Spending By 16%: Report
A parliamentary panel last year asked the ministry to increase the programme's wages as they were lower than those paid to farm labourers elsewhere.
from NDTV Profit - Latest http://bit.ly/2RYyu9T
from NDTV Profit - Latest http://bit.ly/2RYyu9T
Sensex Closes 665 Points Higher, Nifty Settles At 10,830
Axis Bank, Tata Motors, Infosys, Kotak Mahindra Bank and HDFC Bank were the top gainers on the 30-share Sensex.
from NDTV Profit - Latest http://bit.ly/2WwIuG3
from NDTV Profit - Latest http://bit.ly/2WwIuG3
How Your Income Tax Is Calculated
Budget 2019: Before the big February 1 announcement, here's a recap of existing income tax rules applicable to financial year 2018-19 (Assessment Year 2019-20).
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from NDTV Profit - Latest http://bit.ly/2RtlQur
Here's What To Expect From 2019-20 Interim Budget
The government is expected to project economic growth of around 7.5 per cent for the next financial year.
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from NDTV Profit - Latest http://bit.ly/2MK2SyR
Need Tax Benefit For Shadow Banks, Says Industry Body Ficci
From management reshuffles to open market operations, the central bank and the government have time and again announced measures to rescue the non-banking financial companies. Analysts say liquidity...
from NDTV Profit - Latest http://bit.ly/2VWpjW7
from NDTV Profit - Latest http://bit.ly/2VWpjW7
Tomorrow, PM Modi's Big Chance to Woo Voters Before Polls
Fiscal deficit is forecast to widen to 3.5 per cent of the gross domestic product in the year to March, and reach 3.3 per cent in the next financial year, according to the median estimate in a...
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from NDTV Profit - Latest http://bit.ly/2MFuOUR
Madam, Don't Send Us to Insolvency Court, India Firms Tell Bank
Lenders lost out on 4,000 crore rupees in additional income due to delays in the resolution process beyond the time mandated by law, according to rating company ICRA.
from NDTV Profit - Latest http://bit.ly/2MG5RZm
from NDTV Profit - Latest http://bit.ly/2MG5RZm
US Announces New Rule For Filing H-1B Visas
The final rule reverses the order by which US Citizenship and Immigration Services (USCIS) selects H-1B petitions under the regular cap and the advanced degree exemption.
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from NDTV Profit - Latest http://bit.ly/2TpSH5e
Rupee Advances By 26 Paise To 70.86 Against Dollar
The dollar weakened in overseas market after the Federal Reserve left the key US lending rate unchanged on Wednesday, and said it would be "patient" about making any further changes.
from NDTV Profit - Latest http://bit.ly/2TuYoyE
from NDTV Profit - Latest http://bit.ly/2TuYoyE
Sensex Climbs Over 200 Points, Nifty Above 10,700
Stock markets on Thursday: Heavyweights ICICI Bank, Reliance Industries, Infosys and SBI contributed the most to the advances on the Sensex.
from NDTV Profit - Latest http://bit.ly/2TkRGeE
from NDTV Profit - Latest http://bit.ly/2TkRGeE
Federal Reserve Leaves Interest Rates Unchanged
The US Federal Reserve in December raised short-term interest rates by a quarter of a percentage point, but signalled a slower pace of rate hikes in 2019 as the US economy was expected to cool down.
from NDTV Profit - Latest http://bit.ly/2WvoJPf
from NDTV Profit - Latest http://bit.ly/2WvoJPf
Fixed Deposit Interest Rates: Here's What Key Banks Offer
Fixed deposit accounts with a lock-in period of five or 10 years are eligible for deduction in income tax under Section 80C of the Income Tax Act.
from NDTV Profit - Latest http://bit.ly/2CQB47A
from NDTV Profit - Latest http://bit.ly/2CQB47A
Indian Oil Looking For Annual Deal To Buy Oil From US
India Oil had previously purchased US oil from spot markets and signed a mini-term deal in August to buy 6 million barrels of US oil between November to January.
from NDTV Profit - Latest http://bit.ly/2FZj3YO
from NDTV Profit - Latest http://bit.ly/2FZj3YO
Checking Threat Scenario Key To Fixing Optimum Defence Budget: Analysts
Since defence is a capital-intensive sector, large, long-term investments need to be done according to needs, say analysts.
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from NDTV Profit - Latest http://bit.ly/2sVh1Ag
ICICI Bank Reports Profit Of Rs 1,605 Crore In December Quarter
Shares in ICICI Bank closed 6.2 per cent higher at Rs368.40 apiece on the NSE.
from NDTV Profit - Latest http://bit.ly/2WqPVPf
from NDTV Profit - Latest http://bit.ly/2WqPVPf
What Real Estate Experts Expect From Budget 2019
For the real estate sector, experts think that a much-needed impetus is required from the Union Budget 2019.
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from NDTV Profit - Latest http://bit.ly/2Gc7kWe
Gold Prices Rise For Fourth Straight Day, Cross 34,000 Rupees: 5 Points
In Delhi, gold of 99.9 per cent and 99.5 per cent purities climbed Rs 320 each to Rs 34,070 and Rs 33,920 per 10 gram, respectively.
from NDTV Profit - Latest http://bit.ly/2FYxmwM
from NDTV Profit - Latest http://bit.ly/2FYxmwM
NTPC Posts Rs 2,385 Crore Quarterly Profit, Misses Analysts' Estimates
Third-quarter profit after tax from continuing operations came in at Rs 2,385 crore, marginally higher from Rs 2,361 crore a year earlier.
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from NDTV Profit - Latest http://bit.ly/2UtDD6Q
Sensex Closes At 35,591, Nifty At 10,651 As Markets End Flat
The Sensex moved in a range of 35,850.41-35,490.97 during the session, whereas the Nifty fell as much as 10,612.85. The index touched a high of 10,710.20.
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from NDTV Profit - Latest http://bit.ly/2HRVoLN
Bajaj Auto Posts Rs 1,102 Crore Quarterly Profit, Beats Street Estimates
Profit rose to Rs 1,102 crore ($154.72 million) for the three months ended December 31, compared with Rs 952 crore a year earlier.
from NDTV Profit - Latest http://bit.ly/2WslQ1E
from NDTV Profit - Latest http://bit.ly/2WslQ1E
Indian Oil Reports 91% Slump In December Quarter Profit
Net profit came in at Rs 717 crore ($100.66 million) in the quarter ended December 31, 2018, compared with Rs 7,883 crore a year earlier.
from NDTV Profit - Latest http://bit.ly/2Rqop0k
from NDTV Profit - Latest http://bit.ly/2Rqop0k
Air India, Jet Airways Offer Discount On Flight Tickets, Details Here
The offers come amid high competition in the country's civil aviation sector boosted by robust growth in passenger traffic.
from NDTV Profit - Latest http://bit.ly/2DIfgwx
from NDTV Profit - Latest http://bit.ly/2DIfgwx
Much Pressure On RBI To Part With Reserves Ahead Of Elections: Report
According to the central bank, its reserves require to be built up as buffers against the impact of shocks generated by interest and exchange rate movements.
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from NDTV Profit - Latest http://bit.ly/2FXT6Ja
Rupee Slips By 25 Paise To 71.36 Against Dollar
Forex traders said strengthening of the dollar against some currencies overseas and sustained foreign fund outflows weighed on the local unit.
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from NDTV Profit - Latest http://bit.ly/2Rs9B1a
GoAir To Start New International Flights From March
GoAir currently operates across 24 domestic and 2 international destinations, with a fleet of 49 aircraft, comprising Airbus A320 and Airbus A320neo.
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Tribunal Rejects Ruias Bid To Regain Control Of Essar Steel
The NCLT also said that there is no illegality in the decision taken by the Committee of Creditors (CoC) on selecting ArcelorMittal.
from NDTV Profit - Latest http://bit.ly/2WuTzaw
from NDTV Profit - Latest http://bit.ly/2WuTzaw
Sensex Rises Over 250 Points, Nifty Above 10,700
Share markets on Wednesday: Heavyweights ICICI Bank, Axis Bank, HCL Tech, Bajaj Finance and Infosys led to the advances on Sensex.
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from NDTV Profit - Latest http://bit.ly/2DHD6IJ
Dewan Housing Finance Shares Fall Over Media Report
Shares of Dewan Housing fell by as much as 12.3 per cent to hit a low of Rs 162.20 before recovering somewhat to close at Rs 169.70.
from NDTV Profit - Latest http://bit.ly/2HENkxx
from NDTV Profit - Latest http://bit.ly/2HENkxx
Opinion: PM Modi Should Respect Tradition On Last Budget Before Polls
Populist spending is to be expected in an election year.
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from NDTV Profit - Latest http://bit.ly/2RSxR1A
SBI Set To Own 15% In Jet Airways After Debt For Equity Swap: Report
Etihad Airways could see its stake rise to more than 40 per cent from 24 per cent if it injects more equity in the carrier.
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from NDTV Profit - Latest http://bit.ly/2sTgaAj
Opinion: A TV Drama Spawned in India's Financial Shadows
Although the stake-sale plan has been known for a while, the official explanation so far was that Zee wanted a partner to become a -global media-tech player.-
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from NDTV Profit - Latest http://bit.ly/2Sf9QBc
Flipkart Warns Of Customer Disruption If E-Commerce Rules Not Delayed: Report
New foreign investment restrictions will, from February 1, bar e-commerce companies from selling products from firms in which they have an equity interest.
from NDTV Profit - Latest http://bit.ly/2UpZ48B
from NDTV Profit - Latest http://bit.ly/2UpZ48B
Bank Of Baroda Posts Profit Of Rs 471 Crore In December Quarter
Net profit jumped to Rs 471 crore ($66.21 million) in the three months ended December 31, 2018, from Rs 112 crore a year earlier.
from NDTV Profit - Latest http://bit.ly/2RrgwIh
from NDTV Profit - Latest http://bit.ly/2RrgwIh
Zee Media Director Vishwapati Trivedi Resigns
In an "open letter" on Friday, Zee and Essel Group Chairman Subhash Chandra apologised to bankers, NBFCs and mutual funds.
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from NDTV Profit - Latest http://bit.ly/2HEB68l
Axis Bank Reports 131% Surge In Quarterly Profit, Beats Street Estimates
Net profit rose to Rs 1,681 crore ($236.42 million) for the three months to December 31 from Rs 726 crore a year earlier.
from NDTV Profit - Latest http://bit.ly/2B9k0cR
from NDTV Profit - Latest http://bit.ly/2B9k0cR
HCL Tech Reports 26% Jump In December Quarter Profit
The company maintained its forecast for full-year revenue growth in a range of 9.5 per cent- 11.5 per cent in constant currency terms.
from NDTV Profit - Latest http://bit.ly/2B4P2T5
from NDTV Profit - Latest http://bit.ly/2B4P2T5
Sensex, Nifty Close Lower For Third Straight Day
On the 30-share Sensex, Yes Bank, Larsen & Toubro, Reliance Industries, ONGC were the top losers.
from NDTV Profit - Latest http://bit.ly/2G9k7bY
from NDTV Profit - Latest http://bit.ly/2G9k7bY
Air India Extends Sale, Offers Flight Tickets From 979 Rupees
Air India's Republic Day sale: The sale is valid for travel up to September 30, 2019.
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from NDTV Profit - Latest http://bit.ly/2sRSQmh
Like Turkey, India Turns To Central Bank For Help Before Polls
The demand on the central bank comes right in the middle of its financial year that runs from July to June.
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from NDTV Profit - Latest http://bit.ly/2Rj8mS5
Sensex, Nifty Move In Tight Range Amid Cautious Trade: 10 Things To Know
Domestic stock markets moved in a narrow range on Tuesday amid weakness in Asian peers as investors turned cautious ahead of Budget announcements due later this week. The Sensex fell as much as 124...
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from NDTV Profit - Latest http://bit.ly/2FTrSTX
JSW Steel In Talks With Switzerland's Duferco On Landmark Deal: Report
JSW, India's biggest steelmaker, and Duferco had a prepayment deal in 2006 for $150 million in upfront cash that would be repaid over seven years with steel cargoes, but the scale of the proposed new...
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from NDTV Profit - Latest http://bit.ly/2DHAAm1
US Government Shutdown Costs Pegged At $3 Billion
The nonpartisan Congressional Budget Office said the cost of the shutdown would make the US economy 0.02 per cent smaller than expected in 2019.
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from NDTV Profit - Latest http://bit.ly/2WsBJ84
Sensex Falls Over 100 Points, Nifty Below 10,650
Automobile and energy stocks led the losses in the markets, while some strength in media and state-run banking stocks kept the downside in check.
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from NDTV Profit - Latest http://bit.ly/2HCbNnh
Fixed Deposit Interest Rates Paid By Top Lenders Compared Here
Fixed deposit accounts with a lock-in period of five or 10 years are eligible for deduction in income tax under Section 80C of the Income Tax Act.
from NDTV Profit - Latest http://bit.ly/2SfI4Va
from NDTV Profit - Latest http://bit.ly/2SfI4Va
Piyush Goyal Asks State-Run Banks To Increase Lending To Small Businesses
At the meeting, Piyush Goyal also took note of the reduction in non-performing assets (NPAs) of banks under Prompt Corrective Action (PCA) framework.
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Snapdeal Backs New E-Commerce Rules, Assures Compliance
In contrast, Amazon and Walmart-owned Flipkart have sought an extension of the deadline, saying they need more time to understand and implement the policy.
from NDTV Profit - Latest http://bit.ly/2CNMfho
from NDTV Profit - Latest http://bit.ly/2CNMfho
Rupee Closes Higher At 71.10 Against Dollar
At the Interbank Foreign Exchange (forex), the rupee opened on a firm note at 70.99 following dollar selling by exporters.
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Zee Stock Jumps On Reaching Deal With Lenders
ZEEL stock gained 16.64 per cent at Rs 372.50 a share, up Rs 53.15 from its previous close on the BSE.
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Expect Clean Fuel Technology Cars Programme To Get A Push: CARE
Industry body ATMA expects the government to lower the import duty of natural rubber to meet growing demand for automobile tyres.
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from NDTV Profit - Latest http://bit.ly/2HB11Oe
Bank of India Posts Biggest Quarterly Loss In 13 Years
Net loss widened to Rs 4,738 crore ($666.50 million) for the three months ended December 31, 2018, from a loss of Rs 2,341 crore a year earlier.
from NDTV Profit - Latest http://bit.ly/2CSdl6U
from NDTV Profit - Latest http://bit.ly/2CSdl6U
Gold Rates Rise For Second Straight Session: 5 Things To Know
In Delhi, gold of 99.9 per cent and 99.5 per cent purities climbed Rs 350 each to Rs 33,650 and Rs 33,500 per 10 grams, respectively.
from NDTV Profit - Latest http://bit.ly/2MGgY4A
from NDTV Profit - Latest http://bit.ly/2MGgY4A
Coffee Day To Take Action To Free Mindtree Shares Attached By Taxman
Coffee Day Enterprises has said it would take required action in the next few days to get a part of shares of IT firm Mindtree, released by the Income Tax Department.
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Sensex, Nifty Close Lower For Second Straight Session
The Sensex ended 368 points lower at 35,656 while the Nifty settled at 10,675, down 104 points from the previous close.
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from NDTV Profit - Latest http://bit.ly/2RSHIV7
Canara Bank Profit Jumps 152% In December Quarter, Beats Street Estimates
The lender's net profit came in at Rs 318 crore ($44.70 million) for the three months ended December 31, 2018.
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from NDTV Profit - Latest http://bit.ly/2FTQHPF
Decisive Steps Being Taken To Reduce Crude Oil Import: Narendra Modi
PM Modi said 11 oil PSUs have adopted the modern 'lignocellulosic' route for establishing twelve 2g ethanol plants.
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Higher Allocation To Pradhan Mantri Awas Yojana To Be Welcome Move: CARE
Ratings agency CARE has said that the government's fiscal situation for 2018-19 has been an area of concern with revenue not keeping up with targets.
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from NDTV Profit - Latest http://bit.ly/2Wq7Vcc
CARE Ratings For Inclusion Of Natural Gas, Jet Fuel Under GST
The energy industry expects LNG customs duty to be waived off completely from the current 2.5 per cent.
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from NDTV Profit - Latest http://bit.ly/2Hy0pbR
Expect 10% Rise In Power Sector Allocation: CARE Ratings
Credit ratings agency CARE has said that it expects additional special packages for dedicated segments of infrastructure projects for timely completion.
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from NDTV Profit - Latest http://bit.ly/2sPqp8D
Government Seen Focussing On Medicine Availability At Affordable Price
CARE has said that the government is expected to proceed with its focus on medicines that are available at affordable prices.
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from NDTV Profit - Latest http://bit.ly/2WoR89B
Jet Airways Seeks Shareholder Nod To Convert Loan Into Shares
At a shareholder meeting scheduled for February 21, Jet Airways said it will seek approval for their lenders to appoint a nominee director to the board.
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from NDTV Profit - Latest http://bit.ly/2UhsNk0
Need Tax Benefit For Shadow Banks, Says Industry Body Ficci
From management reshuffles to open market operations, the central bank and the government have time and again announced measures to rescue the non-banking financial companies. Analysts say liquidity...
from NDTV Profit - Latest http://bit.ly/2VWpjW7
from NDTV Profit - Latest http://bit.ly/2VWpjW7
Government's Record Debt Sales Before Polls May Pressure Bonds
Investors have turned skittish about the health of India's finances amid signs that the government is ready to sacrifice fiscal discipline as it weighs an aid package to appease farmers, a key voting...
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Rationalisation Of MAT Rate Needed: Telecom Industry Body
Vodafone India, Reliance Jio Infocomm, IDEA Cellular and Bharti Airtel are members of indsutry body COAI.
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Opinion: Focus To Be To Align Small Household Welfare With Government Schemes
The government in its maiden budget in 2014 had incentivised the taxpayers by announcing various tax sops.
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from NDTV Profit - Latest http://bit.ly/2UkWqB1
Opinion: Expect Reduction In Corporate Tax Rate
Last year, the tax exemption on long-term capital gains (LTG), which was earlier available on market sale of listed equity shares, was withdrawn and respite was given for investments made prior to...
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Sensex Rises 98 Points, Nifty Hits 10,800
Advances in IT and media stocks pushed the markets higher, while losses in auto and pharma counters kept the upside in check.
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Subhash Chandra Fights Mess That Erased $1.6 Billion of Zee's Value
Zee on Thursday reported a 75 percent jump in profit to 5.6 billion rupees on sales of 21.7 billion rupees for the December quarter.
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from NDTV Profit - Latest http://bit.ly/2CNZVc5
'State-Run Banks Can Seek Lookout Circulars Against Wilful Defaulters'
The government had last year brought the Fugitive Economic Offenders Act, empowering the authorities to attach and confiscate the proceeds of crime and properties of economic offenders.
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Budget 2019: When And Where To Watch Live Streaming Online
With a "halwa ceremony", finance ministry officials kicked off the printing process of Budget 2019 documents on January 21.
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Efforts On To Double Exports From $321 Billion: Suresh Prabhu
He said the Air Cargo policy announced on January 15 this year will boost fish exports, adding that the Centre and Goa government would tie up to form clusters to make value-added products.
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Cabinet Likely To Approve Relief Package For Farmers On Monday: Report
The centre is also evaluating the scheme followed by the Telangana and Odisha governments wherein a fixed amount is transferred directly into the bank account of farmers, the report added.
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from NDTV Profit - Latest http://bit.ly/2G4lM2s
Train 18 Named 'Vande Bharat Express': Piyush Goyal
According to railway officials, Train 18, which runs on electric traction like Metro trains, will start replacing the Shatabdi Express fleet from next year.
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from NDTV Profit - Latest http://bit.ly/2S8H6dq
PPF Vs NPS: Interest Rates, Features Compared Here
The original duration of SBI's PPF account is 15 years. NPS has a longer lock-in than PPF account and the corpus stays locked-in till the age of 60 years.
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from NDTV Profit - Latest http://bit.ly/2WmKAZa
Post Office ATM Rules: Withdrawal Charges, Transaction Limits, Other Details
The saving account of India Post, which has a network of more than 1.5 lakh post offices across the country, also comes with an ATM facility.
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from NDTV Profit - Latest http://bit.ly/2RVJCV1
Air India, Jet Airways Offer Discount On Flight Tickets, Details Here
Air India is offering domestic flight tickets at a starting all-inclusive price of Rs 979 in a special promotional sale offer.
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from NDTV Profit - Latest http://bit.ly/2SdBhLG
IRCTC Ticket Booking: 10 Things To Know About Online Reservation
The railway administration reserves seats, berths, compartments, or carriage in accordance with the rules and conditions published in the coaching tariff, said IRCTC (Indian Railway Catering and...
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from NDTV Profit - Latest http://bit.ly/2WiIUjr
Train 18 Fares Likely To Be 40-50% Higher Than Shatabdi Express: Report
Train 18, which runs on electric traction like Metro trains, will start replacing the Shatabdi Express fleet from next year, the report said.
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from NDTV Profit - Latest http://bit.ly/2G2leKb
SBI's Small Account: How It Works, Interest Rates, Other Details
State Bank of India (SBI) offers certain accounts which are primarily meant for poorer sections of society to encourage them to start saving without any burden of charges or fees. Small account, one...
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from NDTV Profit - Latest http://bit.ly/2ROLKy3
Budget 2019: What Is Economic Survey? Here Are 5 Things To Know
Budget 2019: From economists to common public, all eyes remain on Budget announcements for any signs of changes in policy in the coming period.
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from NDTV Profit - Latest http://bit.ly/2FU7pP1
Air India Offers Flight Tickets From Rs 979 In New Flash Sale
Air India's Republic Day sale: Bookings under the sale offer can be made till January 28, 2019.
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from NDTV Profit - Latest http://bit.ly/2S7L6e1
Bengaluru Top Investment Choice Among Home Buyers, Mumbai Second: Report
Company-wise, Bengaluru-based Sobha Ltd topped in terms of best practices, followed by Godrej Properties and Embassy Group in the second and third positions respectively.
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from NDTV Profit - Latest http://bit.ly/2CPIA2n
GoAir Offers Flight Tickets From 999 Rupees In 'Republic Day' Sale
The sale is valid for travel between February 9, 2019 and September 30, 2019, according to GoAir's website.
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from NDTV Profit - Latest http://bit.ly/2RRYzYk
Budget 2019: Key Things To Know Before February 1
The government is due to present the interim budget in Parliament on February 1. That will mark the last budget before the general election due by May this year. An interim budget, an annual financial...
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from NDTV Profit - Latest http://bit.ly/2FPqDoD
FD Interest Rates Paid By Major Banks On Deposits Below 1 Crores
Fixed Deposit (FD) interest rates: In case of a bank fixed deposit, the annual returns on FDs do not change according to geopolitical and macroeconomic uncertainties.
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from NDTV Profit - Latest http://bit.ly/2HyV9oq
Government To Infuse 1,500 Crore Rupees Into Air India Next Week: Report
In December 20, 2018, the Central government had sought Parliament's nod to infuse Rs 2,345 crore into the financially strained national carrier under the airline's 'Turn Around Plan'.
from NDTV Profit - Latest http://bit.ly/2DAkx9e
from NDTV Profit - Latest http://bit.ly/2DAkx9e
Supreme Court Directs NBCC To Complete 2 Stalled Projects Of Amrapali
The NBCC told the court that it has floated tenders for completion of two projects - Eden Park and Castle - of Amrapali and would start construction in the month of February.
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from NDTV Profit - Latest http://bit.ly/2HtTQao
Gold Prices Rise On Wedding Season Demand: 5 Things To Know
In Delhi, gold of 99.9 per cent and 99.5 per cent purity climbed Rs 90 each to Rs 33,300 and Rs 33,150 per 10 grams, respectively.
from NDTV Profit - Latest http://bit.ly/2G03GON
from NDTV Profit - Latest http://bit.ly/2G03GON
Zee Group Shares Crash On Report Of Money Laundering Post Note Ban
The shares on the BSE lost up to 33 per cent during the intra-day trade but closed 26 per cent lower at Rs 319.35.
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from NDTV Profit - Latest http://bit.ly/2FZVTk4
Pre-Election Policies Raise Risk Of Fiscal Deficit Target Breach: Moody's
Moody's Investors Service has already forecast a slippage in fiscal deficit to 3.4% in the current fiscal against the budgeted target of 3.3%
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from NDTV Profit - Latest http://bit.ly/2DysifU
Rupee Closes Lower At 71.17 Against Dollar
On a weekly-basis, however, the domestic currency registered a marginal gain of 2 paise.
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from NDTV Profit - Latest http://bit.ly/2UbGgK8
Etihad Hires Turnaround Expert As It Weighs Jet Airways Bailout: Report
Executives from Alvarez & Marsal are camped in Jet Airways' offices in Mumbai and are taking stock of airline's operations, according to the report.
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from NDTV Profit - Latest http://bit.ly/2Ues5Ec
Larsen & Toubro Profit Jumps 37% To Rs 2,042 Crore In December Quarter
Revenue from operations rose Rs 24.2 per cent to Rs 35,709 crore, with international business constituting 32 per cent of the total.
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from NDTV Profit - Latest http://bit.ly/2DyF1iE
Piyush Goyal Asks Tax Officers To Refrain From Being Overzealous
Stating that actions of a few people causes agony to a much larger set of people, Piyush Goyal said, it is not that every businessman is cheating on taxes.
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from NDTV Profit - Latest http://bit.ly/2HG6HpU
IndiGo Announces New International Flights, Offers Tickets From Rs 23,999
Bookings for the flights are open via airline's official website, goindigo.in, with immediate effect, the airline said in a statement.
from NDTV Profit - Latest http://bit.ly/2FOXMAK
from NDTV Profit - Latest http://bit.ly/2FOXMAK
Sensex Closes 169 Points Lower, Nifty Settles At 10,780
Maruti Suzuki, Hero MotoCorp, Mahindra & Mahindra, ICICI Bank and Asian Paints were the major drags on the 30-stock Sensex.
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from NDTV Profit - Latest http://bit.ly/2FWYXh4
Maruti Suzuki's December Quarter Profit Drops 17%, Misses Street Estimates
Maruti's total revenue from operations rose nearly two per cent to 19,668 crore rupees, the company said.
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from NDTV Profit - Latest http://bit.ly/2CJzwfw
Jet Airways Offers Up To 50% Discount On Flight Tickets
Under the Republic Day sale offer, which is valid till January 30, 2019, Jet Airways is offering up to 50 per cent discount on domestic and international flight tickets.
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from NDTV Profit - Latest http://bit.ly/2Tdrdjf
Opinion: Budget Should Focus On High Attrition In E-Commerce
The e-commerce industry is another promising sector with job generation at 25 per cent year-on-year. However the industry is gripped by high attrition.
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from NDTV Profit - Latest http://bit.ly/2HvvFIH
Supreme Court Upholds Insolvency Code, Setback For Operational Creditors
The operational creditors wanted to be treated at par with secured creditors such as banks and financial institutions.
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from NDTV Profit - Latest http://bit.ly/2TdgkxT
Arun Jaitley In Good Health, Recovering Rapidly: Piyush Goyal
The government has not commented on Arun Jaitley's medical condition.
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from NDTV Profit - Latest http://bit.ly/2UdTCWs
Yes Bank Surges Over 13% After Lender Names Ravneet Singh Gill As New CEO
Yes Bank shares opened at Rs 224.50 apiece on Friday as compared to the previous close of Rs 213.85 on the BSE.
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from NDTV Profit - Latest http://bit.ly/2sMd9la
Train 18 Likely To Be Launched In A Week
The 16-coach train, built in 18 months at a cost of Rs 97 crore, is regarded as a successor to the 30-year-old Shatabdi Express.
from NDTV Profit - Latest http://bit.ly/2RMH0Zz
from NDTV Profit - Latest http://bit.ly/2RMH0Zz
Rupee Edges Higher By 10 Paise Against Dollar
Dealers said dollar's weakness against some currencies overseas and early gains in domestic equity market supported the rupee.
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from NDTV Profit - Latest http://bit.ly/2HFDsn8
Sensex Rises Over 250 Points, Nifty Above 10,900
Top advancers on the 50-scrip index were Yes Bank, Bharti Infratel, UPL, Indiabulls Housing Finance and Bharti Airtel, trading between 1.74 and 7.15 per cent higher.
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from NDTV Profit - Latest http://bit.ly/2FZy6kw
Post Office Offers Senior Citizen Savings Scheme: 10 Things To Know
Investment under Post office Senior Citizen Savings Scheme also qualifies for the benefit of Section 80C of the Income Tax Act.
from NDTV Profit - Latest http://bit.ly/2HtXqRL
from NDTV Profit - Latest http://bit.ly/2HtXqRL
Reliance Industries Can Gain Significant Share In Retail, E-Commerce: UBS
UBS said Reliance Industries can become a market leader in telecom and media, while gaining a significant share in retail/e-commerce.
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from NDTV Profit - Latest http://bit.ly/2UguoXA
Gold Prices Remain Above 32,200 Rupees Mark: 5 Things To Know
In Delhi, gold of 99.9 and 99.5 per cent purity, in thin trading, ended flat at Rs 33,210 and Rs 33,060 per ten gram, respectively.
from NDTV Profit - Latest http://bit.ly/2B0dEwq
from NDTV Profit - Latest http://bit.ly/2B0dEwq
US Raises Concern On India's New E-Commerce Norms: Report
The government's e-commerce investment rules ban companies from selling products via firms in which they have an equity interest.
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from NDTV Profit - Latest http://bit.ly/2FI0R5G
Rupee Ends Higher At 71.07 Against Dollar
On Wednesday, the rupee had snapped its three-day losing streak and settled higher by 11 paise against the US dollar.
from NDTV Profit - Latest http://bit.ly/2FUv5BY
from NDTV Profit - Latest http://bit.ly/2FUv5BY
Biocon Posts Rs 217 Crore Profit In Q3, Beats Analysts' Estimates
Profit rose to Rs 217 crore in the third quarter ended December 31, compared with a profit of Rs 91.9 crore a year earlier, the company said.
from NDTV Profit - Latest http://bit.ly/2AY13tG
from NDTV Profit - Latest http://bit.ly/2AY13tG
Government To Soon Announce Relief Package To Boost Farmer Income
The Centre is also evaluating the scheme followed by the Telangana and Odisha governments wherein a fixed amount is transferred directly to farmers.
from NDTV Profit - Latest http://bit.ly/2Hv1Rfp
from NDTV Profit - Latest http://bit.ly/2Hv1Rfp
IndiGo Announces New Flights, Offers Tickets From 1,299 Rupees
IndiGo's new flight offer: Bookings for the flights are open via airline's official website- goindigo.in with immediate effect, the airline said in a statement.
from NDTV Profit - Latest http://bit.ly/2Dw6tOk
from NDTV Profit - Latest http://bit.ly/2Dw6tOk
Reliance Jio Prepaid Plans For JioPhone Compared Here
Reliance Jio announced two new prepaid plans for JioPhone users priced at Rs. 297 and Rs. 594 on Thursday.
from NDTV Profit - Latest http://bit.ly/2RJnfST
from NDTV Profit - Latest http://bit.ly/2RJnfST
RBI Seen Changing Policy Stance To "Neutral" In February: Poll
Over two-thirds of the 65 economists polled between January 21-23 said the RBI would hold its repo rate at 6.50% at its next policy review on February 7.
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IndiGo Operator InterGlobe Aviation Appoints Ronojoy Dutta As CEO
The company also approved the appointment of Meleveetil Damodaran as chairman. Both appointments are effective January24, InterGlobe said in a statement.
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from NDTV Profit - Latest http://bit.ly/2sIQvdj
Yes Bank Names Deutsche Bank's Ravneet Gill As CEO To Replace Rana Kapoor
Shares of Yes Bank surged as much as 19.1 per cent after the announcement in their sharpest intra-day jump since September 2013.
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from NDTV Profit - Latest http://bit.ly/2Wfg6rW
Sensex Closes 86 Points Higher, Nifty Settles At 10,849
Yes Bank, Reliance Industries, Tata Consultancy Services, SBI and Infosys led the gains on Sensex, settling between 0.49% and 8.39% higher.
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from NDTV Profit - Latest http://bit.ly/2DwJeUf
Yes Bank names Ravneet Singh Gill as new CEO
Yes Bank on Thursday named Ravneet Singh Gill as its new managing director and CEO. In a regulatory filing, the private sector bank said it has received approval of the Reserve Bank of India for Mr...
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from NDTV Profit - Latest http://bit.ly/2FXeAEY
UltraTech Cement Reports 13.7% Fall In December Quarter Profit
Revenue from operations surged 18.9 per cent to Rs 9,390 crore and domestic sales volume jumped 15 per cent.
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from NDTV Profit - Latest http://bit.ly/2R9avQg
France Will Stick To 1.7% Economic Growth Forecast For 2019
France is the current president of the G7 group of the world's biggest economies.
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from NDTV Profit - Latest http://bit.ly/2FKgBFl
Reliance Jio Launches Rs 297, Rs 594 Prepaid Plans For JioPhone Users
The new Jio prepaid recharge packs are priced at Rs 594 and Rs 297 valid for 6 and 3 months, respectively.
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from NDTV Profit - Latest http://bit.ly/2Wd6spA
Piyush Goyal Likely To Present Budget 2019, Says Report: 10 Things To Know
Railway Minister Piyush Goyal is likely to present the interim Budget on February 1 as he was given the additional charge of finance ministry in the absence of Finance Minister Arun Jaitley who is in...
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from NDTV Profit - Latest http://bit.ly/2CEvAgf
Budget 2019 To Be Dedicated To Farmers: Agriculture Minister
Mr Singh said government's decision to boost investment in agriculture had brought transformation in the sector and the upcoming Budget will be dedicated to farmers.
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from NDTV Profit - Latest http://bit.ly/2sKTWQU
IndiGo Reports Rise In Airfares After A Year Of Declines
For IndiGo's owner InterGlobe Aviation Ltd, July-September marked the first loss since its debut in 2015.
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Vodafone Plans Rs 2.5 Lakh Crore War Chest to Fight Mukesh Ambani
Separately, Vodafone Idea is also planning to sell its 11.5 per cent stake in Indus Towers Ltd., a cell-phone tower company it jointly owns with Bharti Infratel Ltd and Aditya Birla Telecom.
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from NDTV Profit - Latest http://bit.ly/2FLOXIa
Rupee Advances By 14 Paise To 71.19 Against Dollar
Dealers said dollar's weakness against other currencies overseas amid fears of a slowing global economy and US government's record-long shutdown and early gains in domestic equity markets supported...
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from NDTV Profit - Latest http://bit.ly/2CI661l
Sensex Falls 42 Points, Nifty Struggles Near 10,820
Share markets on Thursday: Top losers on the 50-scrip index were Tata Motors, Mahindra & Mahindra, Adani Ports, JSW Steel and Tata Steel, trading between 0.68 and 1.28 per cent lower.
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from NDTV Profit - Latest http://bit.ly/2FZsuXv
Indian Economy Likely To Grow At 7.4% This Fiscal: Report
On the global economic prospects, the report said it would continue to grow at a steady pace of around 3 per cent in 2019 and 2020, after expanding by 3.1 per cent in 2019, "amid signs that growth has...
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from NDTV Profit - Latest http://bit.ly/2CB2UV6
Piyush Goyal Gets Additional Charge Of Finance Ministry
Arun Jaitley has been designated as a minister without portfolio during the period of his indisposition.
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from NDTV Profit - Latest http://bit.ly/2DuKEP0
Need To Check Your EPF Balance? Here Are 4 Ways To Do It
Employees' Provident Fund Organisation is the nodal agency to monitor EPF contributions, which is shared equally between employees and employer.
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from NDTV Profit - Latest http://bit.ly/2FUvKmH
Gold Prices Fall After 2 Days Of Gains: 5 Things To Know
In Delhi, gold of 99.9 per cent and 99.5 per cent purity moved down by Rs 115 each to Rs 33,210 and Rs 33,060 per 10 gram, respectively.
from NDTV Profit - Latest http://bit.ly/2CDZDEB
from NDTV Profit - Latest http://bit.ly/2CDZDEB
Government To Raise Food Subsidy Outgo By 6.5% In 2019-20: Report
The government is set to earmark about Rs 1.8 lakh crore for food subsidies next fiscal year as it tries to contain its budget deficit ahead of the next general election due by May.
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ArcelorMittal's Essar Steel Bid Delaying Planned Joint Venture: SAIL
ArcelorMittal Rs 42,000 crore ($5.9 billion) bid for Essar Steel has been mired in legal wrangling for months.
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from NDTV Profit - Latest http://bit.ly/2RYFmn7
Rupee Edges Higher To Close At 71.33 Against Dollar
Rupee gained further to hit a high of 71.15 following dollar selling by exporters, before finally closing at 71.33, up 11 paise over its last close.
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from NDTV Profit - Latest http://bit.ly/2DtKmYy
Want To Invest In Post Office NSCs? Here Are 5 Things To Know
The minimum amount required for opening National Savings Certificates (NSCs) account is Rs 100 in multiples of Rs 100, stated India Post.
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Tribunal Orders Ahmedabad Bench To Pass Essar Steel Verdict By January 31
ArcelorMittal's resolution plan was approved by CoC to Essar Steel last October and has been waiting for the Ahmedabad NCLT's approval.
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Supreme Court Refuses Bail To Unitech Directors
The Supreme Court had in October 2017 ordered the real estate developer to deposit Rs 750 crore with the court's registry.
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from NDTV Profit - Latest http://bit.ly/2AWxf0E
IndiGo Operator InterGlobe Aviation's December Quarter Profit Slumps 75%
Revenue from operations rose 28.1 per cent to 7,916 crore rupees.
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from NDTV Profit - Latest http://bit.ly/2W9wutW
Sensex Closes 336 Points Lower, Nifty Settles At 10,831
ITC, Mahindra and Mahindra, Infosys, Power Grid Corporation and State Bank of India led losses on the 30-stock Sensex.
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from NDTV Profit - Latest http://bit.ly/2CEPuYt
A Timeline Of How Things Went From Bad To Worse For Jet Airways
Jet, which has debt exceeding 8,000 crore rupees as of September-end, has been steadily losing market share to its rival and low-cost carrier IndiGo, which is owned by InterGlobe Aviation Ltd.
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from NDTV Profit - Latest http://bit.ly/2AXjkaD
ITC Posts Profit Of 3,209 Crore Rupees In December Quarter
The Kolkata-based company, which also makes Sunfeast biscuits and Classmate stationery items, reported a jump of 14.9 per cent in revenue from operations, while revenue from its cigarettes segment...
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Post Office TD Account: Interest Rate, Maturity Period, Other Details
The government offers nine types of small savings schemes, such as Time Deposit, Savings Account, Recurring Deposit, Senior Citizen Savings Scheme (SCSS), Public Provident Fund and National Savings...
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Looking To Invest In A Bank FD? These Are The Returns You Get
Fixed deposit (FD) interest rates: Most banks offer fixed deposits starting from seven days up to a tenor of 10 years.
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from NDTV Profit - Latest http://bit.ly/2T8tdJD
Income Tax Department To Withdraw Select Appeals By January-End
The move comes as part of the government's drive to end frivolous litigations.
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Tax Body Asks Non-Filers To Submit Income Tax Returns Within 21 Days
CBDT carried out an analysis to identify non-filers about whom specific information was available in its database of the Income Tax Department.
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Rupee Rises By 29 Paise To 71.15 Against Dollar
The dollar falling against other currencies overseas on lingering worries about a global slowdown and continuing US-China trade tensions, supported rupee, forex dealers said.
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Sensex Gains Over 50 Points, Nifty Near 10,930
Top advancerson the 50-scrip index were Yes Bank, Wipro, HCL Tech, HeroMoto Corp and Infosys, trading between 0.22 and 0.70 per cent higher.
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Gold Prices Gain For Second Straight Day: 5 Things To Know
In Delhi, gold of 99.9 per cent and 99.5 per cent purity advanced by Rs 125 each to Rs 33,325 and Rs 32,175 per 10 grams, respectively.
from NDTV Profit - Latest http://bit.ly/2U31WIq
from NDTV Profit - Latest http://bit.ly/2U31WIq
Centre Likely To Peg Divestment Goal At 80,000 Crores For 2019-20: Report
If PM Modi got a strong mandate, government could even consider selling majority stakes in some of the state-owned banks, the official said.
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Indian Railways Tatkal Tickets: 5 Cases In Which A Full Refund Is Granted
Tatkal booking opens at 10 am for AC classes and 11 am for non-AC classes, one day in advance of the actual date of journey, excluding date of journey, said Indian Railways.
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India Holds Talks On Trade Deficit With China
The trade deficit in 2018, according to Chinese official data, climbed to $57.86 billion from $51.72 billion in 2017 in about $95.54 total bilateral trade.
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Indian Oil To Shut Half Of Panipat Refinery For A Month
IOC will also shut a sulfur recovery unit, hydrocracker, diesel hydrotreater, and coker among others for planned maintenance.
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Rupee Ends Lower Against Dollar For Third Day In A Row
Concerns over slowing global growth and foreign capital outflows weighed on the local unit, forex traders said.
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from NDTV Profit - Latest http://bit.ly/2U6to8b
Mastercard Fined $647 Million By European Union
Mastercard has been the subject of an EU anti-trust investigation since April 2013, and has cooperated with the probe.
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from NDTV Profit - Latest http://bit.ly/2Ua6bSr
Government To Seek Relaxation In Central Bank Norms In IL&FS Case: Report
Some companies of the diversified IL&FS group, which has debt burden of over Rs 91,000 crore, have failed to repay loans.
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Opinion: Very Limited Scope For Major Changes On Tax Front
On the corporate tax front, very little may be done by the government. Not much is expected in terms of reliefs as finances of the government are stretched.
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Opinion: Budget May Rely On Some Bogus Numbers
Fiscal deficits are supposed to be more than a measure of how responsible a government is with tax money.
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Sensex, Nifty Close Lower After 5 Days Of Gain
Selling in auto, metal and state-run banking stocks dragged the markets lower, whereas buying in pharmaceutical shares limited the downside.
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IMF's Gita Gopinath Has To Tread Carefully, Says Raghuram Rajan
Especially in borrower countries like Greece and Argentina, the IMF still gets portrayed as an enforcer of one-size-fits-all policies based on austerity and the unimpeded flow of goods and money.
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Asian Paints Posts Rs 636 Crore Profit In December Quarter
Net profit came in at Rs 636 crore ($89.16 million) in the three months ended December 31, 2018 compared with the Rs 555 crore a year earlier.
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LIC Completes Acquisition Of Controlling Stake In IDBI Bank: 10 Points
LIC or Life Insurance Corporation on Monday completed acquisition of a controlling stake in IDBI Bank. With the completion of acquisition of a 51 per cent stake, LIC became the majority shareholder of...
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TVS Motor Posts Rs 178 Crore Profit In December Quarter
The company said sales of two-wheeler vehicles grew by 19 per cent while those of three-wheeler ones jumped 47 per cent, leading to a 26.1 per cent rise in revenue from operations.
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Fuel Free Bikes, Bee-Saving Bots: India's Teens Are Game-Changers!
Six of India's brightest youngsters have been shortlisted for the YONO SBI 20 under 20 award under the category "promising game changers".
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Opinion: Jeff Bezos Vs Mukesh Ambani Is The Bout That Had To Happen
Walmart Inc.'s splashy acquisition last year of Flipkart Online Services Pvt., the homegrown e-tailer giving Amazon.com Inc. a solid run for its money, might have given the impression of a two-horse...
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Sensex Falls Over 150 Points, Nifty Near 10,900
Losses in auto, metal and energy stocks pulled the markets lower, but buying witnessed in pharma stocks kept the downside in check.
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Jet Airways Crisis Is "Bad Optics" For PM Modi Ahead Of National Election
With about 23,000 jobs at stake, pressure is building on PM Modi for a rescue package as a collapse would mean bad optics in his re-election bid in a poll due by May.
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Gold Prices Break 2-Day Losing Streak
Globally, gold rose 0.09 per cent to $1,283.40 an ounce in New York. Silver, however, fell 9.13 per cent at $15.39 an ounce.
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Rupee Edges Lower To Close At 71.28 Against Dollar
This is the second successive session of fall for rupee, during which it has lost 25 paise.
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Etihad Proposes To Increase Its Stake To 49% In Jet Airways
Etihad currently holds 24 per cent in Jet Airways and the rights issue by Etihad is expected to be at around Rs 160 per share.
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IMF Trims Global Growth Outlook Citing Trade War, No-Deal Brexit
IMF predicted global economy to grow at 3.5% in 2019 and 3.6% in 2020, down 0.2 and 0.1 percentage point respectively from last October's forecasts.
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Indian Economy Expected To Grow At 7.5% In 2019, Says IMF
The International Monetary Fund in its January World Economy Outlook update on Monday said India would remain the fastest growing major economies of the world.
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Want To Invest In Fixed Deposits? Here's What Top Lenders Pay
Fixed deposit accounts with a lock-in period of five or 10 years are eligible for deduction in income tax under Section 80C of the Income Tax Act.
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As Inflation Falls, Low Food Prices Hit Farmers
The country is currently witnessing a low inflation period but the lowering food prices mean weakening rural incomes and rural demand.
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India's Richest 1% Hold More Than Half Of National Wealth: Oxfam
According to the Oxfam report, India added 18 new billionaires last year, raising the total number of billionaires to 119, while their wealth crossed the $400 billion (Rs 28 lakh crore) mark for the...
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Centre Considering Cash Instead of Subsidies For Farmers: Report
The government, which has already exceeded the annual budget deficit target, has little room for spending in the current year, having forgone some tax revenue on goods and services following the...
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Sensex Closes 192 Points Higher, Nifty Settles At 10,961
Top gainers on the 30-scrip Sensex were Reliance Industries, Kotak Mahindra Bank, Sun Pharma, Bajaj Finance and Asian Paints.
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Union Bank Of India Posts Rs 153 Crore Profit In December Quarter
Net profit was Rs 153 crore in the three months to December 31, 2018, compared to a loss of Rs 1,250 crore a year earlier, the bank said.
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Teenage Global Indians Create Award-Winning Environmental Solutions
The names have been shortlisted for their personal stories of grit and courage and for their contribution to the society. Needless to say, all of them have won several awards for their work already,...
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Farm Support To Raise States' Deficit In Election Year: India Ratings
The competitive populism is hitting the capital spending and state finances, the chief economist of India Ratings and Research has said.
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India, Pakistan In Top 5 Economies With Highest Real Interest Rates
While negative real rates might be considered a sign of financial instability, a high inflation-adjusted benchmark interest rate is, on balance, a reason for central bankers to consider a looser...
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Kotak Mahindra Bank Posts Rs 1,291 Crore Profit In December Quarter
Net profit came in at Rs 1,291 crore ($181.20 million) for the three months to December 31, compared with Rs 1,053 crore a year earlier, the private-sector lender said.
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Government Commences Printing Of Budget Documents With "Halwa Ceremony"
The ceremony marks the commencement of the process of printing documents for the upcoming Interim Budget, due to be presented by the government on February 1.
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Why Is Fortis Buying Back Its Assets Less Than 7 Years After Divesting?
RHT Health Trust, which was originally named Religare Health Trust, netted Fortis about 510 million Singapore dollars when it listed in October 2012.
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Rupee Drops By 26 Paise Against Dollar
Forex dealers said the dollar's gains against some other currencies overseas too weighed on the rupee sentiment.
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Sensex Gains Over 100 Points, Nifty Near 10,920
Advances were led by energy, IT and pharma stocks, while weakness in financial services and infrastructure spaces kept the upside in check.
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Arun Jaitley To Return From US To Present Budget, Say Sources
Finance Minister Arun Jaitley had earlier this month gone to the US for treatment, leading to speculation that he might not be able to present the budget this year. The government is due to present...
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India May Surpass United Kingdom In Largest Economy Rankings: Report
According to PwC, the global economy is expected to slow in 2019 as G7 countries return to long-run average growth rates.
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Railway To Upgrade First-Class Air-Conditioned Coaches Of These Trains
The railway official said the stairs of the first-class coaches have also been worked to provide more comfort to passengers.
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Petrol Prices Increased By More Than Rs 2 Per Litre In January
Petrol and diesel prices have increased by more than Rs 2 per litre each during January.
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10 Interesting Facts You Should Know About Union Budget
Union Budget, the most comprehensive report of government's finances, consolidates revenues from all sources and outlays for all activities. It is prepared by the budget division in the Ministry of...
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Two PNB Officials Sacked In Connection With Nirav Modi Fraud: Report
Nirav Modi and his uncle Mehul Choksi, who left India before the fraud was discovered, have denied the accusations.
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IRCTC Refund Rules: Charges Levied By IRCTC For Ticket Cancellation
After confirmation of cancellation, IRCTC refunds the entire amount to the account from which booking transaction took place, after deducting the applicable charges.
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SBI Says Jet Lenders Awaiting Sebi Decision On Etihad Offer: Report
The UAE-based carrier, which is a major shareholder in Jet, is seeking an exemption from SEBI on preference pricing and open offer guidelines to increase its stake in the cash-strapped carrier.
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SBI Public Provident Fund Account: How To Invest, Interest Rates
State Bank of India (SBI), the country's largest lender, offers a host of services to its customers. PPF (Public Provident Fund) account, one such product offered by the lender, is a retirement...
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India Can Be $5 Trillion Economy In Next 7-8 Years: Suresh Prabhu
To boost air connectivity in the country, Mr Prabhu said 100 new airports will come up in the near future with a cumulative investment of $65 billion.
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from NDTV Profit - Latest http://bit.ly/2FCMlfy
Farm Credit Target May Go Up To Rs 12 Lakh Crore In Budget: Report
The agricultural credit flow has increased consistently over the years, exceeding the target set for each fiscal.
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from NDTV Profit - Latest http://bit.ly/2RYMGPo
Budget Expectations, Corporate Earnings To Guide Stock Markets: Experts
Also any volatility in crude oil prices will continue to affect the rupee, which has weakened for two consecutive weeks.
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Reliance Jio Leads Subscription Race In November 2018: Telecom Regulator
Data released by the Telecom Regulatory Authority of India (TRAI) showed that the subscriber base of Reliance Jio by November 30 was around 27.16 crore.
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Post Office Saving Schemes: Interest Rates, Minimum Balance Rules
Interest rates on 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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HDFC Bank Posts Profit Of Rs 5,586 Crore In December Quarter
HDFC Bank's total loans at the end of December were 7.81 lakh crore rupees, with retail loans up 24.0 per cent.
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from NDTV Profit - Latest http://bit.ly/2FF10qP
SBI Recurring Deposit (RD) Account: Interest Rates And Other Features
State Bank of India (SBI), the largest lender of the country, offers the option of opening a recurring deposit (RD) account that allows customers to save a fixed sum every month and earn an interest...
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Gold Prices Drop By 60 Rupees: 5 Things To Know
Analysts said gold dropped due to subdued demand from local jewellers and retailers at existing levels and a weak trend in global market.
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Noida Metro's Aqua line: From Launch Date To Fares, All You Need To Know
The rail corridor would run between Sector 51 station in Noida and the Depot Station in Greater Noida.
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GoAir Announces New International Flights, Offers Tickets From Rs 4,999
GoAir's new offer 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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Centre Likely To Miss Divestment Target By Rs 20,000 Crore, Says Report
In the last fiscal, total disinvestment proceeds came in at Rs 1 lakh crore, exceeding the budgeted target of Rs 72,500 crore, the report added.
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Governor Shaktikanta Das Says RBI Needs To Ensure Stability
The country's top business groups on Thursday urged the central bank to cut its benchmark interest rate by at least half a percentage point.
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Fixed Deposit Interest Rates Of Key Banks Compared Here
Fixed deposit accounts with a lock-in period of five or 10 years are eligible for deduction in income tax under Section 80C of the Income Tax Act.
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Aditya Birla Group To Invest Rs 15,000 Crore In Gujarat In 3 Years
The group will be making these investments in various business segments ranging from textiles and chemicals to mining and minerals.
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Adani Group Announces Rs 55,000 Crore Investment In Gujarat In 5 years
Adani Group had on Thursday announced plans to foray into petrochemical business with a Rs 16,000 crore project with German chemical major BASF.
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from NDTV Profit - Latest http://bit.ly/2QUGvr3
Gold Prices Break 4-Day Rising Streak: 5 Things To Know
In Delhi, gold of 99.9 per cent and 99.5 per cent purities reduced by Rs 80 each to Rs 33,220 per 10 grams and Rs 33,070 per 10 gram, respectively.
from NDTV Profit - Latest http://bit.ly/2R0mzmV
from NDTV Profit - Latest http://bit.ly/2R0mzmV
Rupee Ends Lower To Close At 71.19 Against Dollar
During the week the domestic unit registered a loss of 27 paise. In the previous week, the local unit had slumped by 81 paise.
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Union Budget: Railways Announcements Since Merger Of Rail Budget
This year's Budget, the last before the general election due by May, will also include announcements for Indian Railways.
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Mukesh Ambani Outlines E-Commerce Plan To Take on Amazon, Walmart
Mukesh Ambani, Asia's richest man, intends to take on the world's largest retailers by combining his Jio telecom service, mobile devices and a vast physical retail network.
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Certain Entities Adopting Unfair Business Practices: Sun Pharma
In November 2018, a whistleblower approached Sebi with a document alleging various irregularities by the company, its promoter and others.
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Wipro Reports Net Profit Of Rs 2,510 Crore In December Quarter
Shares in Wipro closed 2.91 per cent higher at Rs 346.20 apiece on the BSE, ahead of the earnings announcement by the company.
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Reliance Industries Io Invest Rs 3 Lakh Crore In Gujarat In 10 Years
Billionaire Mukesh Ambani said Jio and Reliance Retail will launch a commerce platform to empower 12 lakh small retailers and shopkeepers in Gujarat.
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Sensex Ends 12 Points Higher, Nifty Settles At 10,906
Top gainers on the 50-stock Nifty were Reliance Industries, Wipro, Kotak Mahindra Bank, Hindalco, HCL Technologies, closing between 4.53 and 1.39 per cent higher.
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Reliance Industries Shares Jump After Record Quarterly Earnings
The company's gross refining margins - a measure of its core profitability - took a hit amid volatility in oil prices and slowing demand globally, but its fast-growing telecom and retail businesses...
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GoAir Offers Flight Tickets From 999 Rupees, Details Here
GoAir sale offer: The sale is valid for travel between January 19, 2019 and September 29, 2019.
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from NDTV Profit - Latest http://bit.ly/2CvLtoS
Will Cricket Win Over Shooting In YONO SBI's 20 Under 20 Sporting Award?
Shooting has not been a viewer-friendly sport but has traditionally been a highly productive sport for India from a medals point of view.
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Foreign Purchases Of Emerging Asian Bonds In 2018 Fell Sharply
In December, South Korea and Indian bonds had the biggest inflows among the five countries, of $1.33 billion and $676 million respectively.
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Government Signals Readiness To Put Growth Ahead Of Fiscal Discipline
Convention demands that the outgoing administration present only an interim budget to secure parliament's approval for expenses for a part of the financial year starting April until a new government...
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New Safety Protocols Issued For Planes With Pratt & Whitney Engines
The notification also said there would be restrictions imposed on the operation of A320neo flights to Port Blair - the capital of Andaman and Nicobar islands.
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Rupee Falls By 21 Paise To 71.24 Against Dollar
Rupee Vs Dollar: Forex traders said strengthening of the US dollar against some currencies overseas weighed on the local unit.
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Sensex Falls 84 Points, Nifty Struggles Near 10,880
Top laggardson the 50-scrip index were Sun Pharma, Yes Bank, GAIL, Ultracemco and Bharti Airtel, trading between 0.87 and 10.13 per cent lower.
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Huawei CFO Awaits Her Fate In Canadian Splendor
Meng's arrest at the behest of the US -- which wants to extradite her on grounds she tricked banks into potentially violating Iran sanctions -- has sparked an unprecedented diplomatic row.
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Gold Prices Gain By 425 Rupees In 4 Days: 5 Things To Know
Gold of 99.9 per cent and 99.5 per cent purities advanced by Rs 110 each to Rs 33,300 per 10 grams and Rs 33,150 per 10 grams, respectively.
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Business Leaders Urge RBI To Cut Key Lending Rate
The RBI's Monetary Policy Committee (MPC) kept the repo rate unchanged last month at 6.50 per cent.
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Rupee Breaks 4-Day Losing Streak, But Still Below 71 Mark Against Dollar
After four days of depreciation, the rupee advanced 0.3 per cent against the dollar to end at 71.03 on Thursday. That marked a gain of 21 paise for the rupee against the greenback from the previous...
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Reliance Industries Reports Profit Of Rs 10,251 Crore In December Quarter
Shares in Reliance Industries ended 0.3 per cent lower at Rs 1,133 apiece on the NSE, whose benchmark index Nifty finished a volatile session 0.1 per cent higher, ahead of the earnings announcement by...
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Vistara Offers Flight Tickets From 899 Rupees
Passengers need to travel between February 1, 2019 and September 18, 2019, to avail the offer.
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Delhi Fog: List Of Trains Delayed, Cancelled Today
The visibility was 400 metres at Safdarjung at 8.30 am and 250 metres at Palam at 7.30 am, said a weather department official.
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Hindustan Unilever Reports Profit Of Rs 1,444 Crore In December Quarter
Sales rose 12.4 per cent while revenue from its beauty and personal care segment, gained nearly 11 per cent to Rs 4,539 crore.
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Sensex Closes 52 Points Higher, Nifty Reclaims 10,900
Analysts awaited more large cap companies to report their earnings for the October-December period.
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May Need More Currency In System As GDP Rising: RBI Official
The bank will also be issuing more security features in the currency for which pre-qualification bid notice has been floated, the official said.
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Budget 2019: Here Are 5 Important Terms You Should Know
The interim budget is scheduled to be presented on February 1, 2019, by the government in the Parliament.
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Byju's Acquires Osmo For $120 Million In US Education Push
Osmo, a developer of learning games, will continue as a standalone brand once the deal is completed, according to a statement Wednesday.
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Naresh Goyal Says Ready To Cut Jet Airways Stake To 25%
According to Jet Airways'' shareholding pattern on BSE, as of the quarter ending December 2018, Goyal owns 5,79,33,665 shares, amounting to 51% stake in the company.
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Legal Notice To Google On Misuse Of Its Platform, Says Amul
Amul has said that a series of fake B2B campaigns was being circulated through fake websites using Google Search ads since September 2018.
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Federal Bank December Quarter Profit Jumps 28%, Beats Street Estimates
Asset quality was largely stable, with gross bad loans as a percentage of total loans at 3.14 per cent at the end of December, compared to 3.11 per cent in the previous quarter and 2.52 per cent a...
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PG&E May Be The Business World's Biggest Climate-Change Casualty Yet
As PG&E plans for a bankruptcy filing, it's unclear what role its climate-change argument will play in court.
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SBI Says Lenders Considering Jet Airways' Restructuring Plan
Jet said on Wednesday a resolution plan, currently being discussed with stakeholders, contemplates options on the debt-equity mix, proportion of equity infusion by stakeholders and change in the...
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Rupee Edges Higher By 9 Paise Against Dollar
Forex dealers said, easing crude oil prices and selling of the American currency by exporters supported the rupee.
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Lame Duck or Populist? Here's How An Interim Budget Works
Convention demands that the outgoing administration present an interim budget to secure parliament's approval for expenses for a part of the financial year starting April until a new government is in...
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Sensex Rises Over 100 Points, Nifty Crosses 10,900
Heavyweights Reliance Industries, HDFC, Tata Consultancy Services (TCS) and Axis Bank contributed the most to the advances on the Sensex.
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Tim Cook Says Apple To Reduce Hiring Amid Weaker iPhone Sales
Apple has been on a hiring spree in the past decade, but the pace of headcount growth has slowed in recent years.
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Etihad Pushes For Cheaper Deal With Jet Airways
Etihad has also sought top positions for its officials on Jet Airways board if it agrees to raise its stake.
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Start-Ups Get Relief From Angel Tax
The notification specifies a list of documents that start-ups will have to submit to the DIPP while seeking approval.
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from NDTV Profit - Latest http://bit.ly/2RuVQUs
Key Components Of Budget You Need To Know
The Budget comprises a set of documents such as annual financial statement, finance bill, demand for grants and macroeconomic framework.
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New E-commerce Rules Could Hit Online Sales By $46 Billion: PwC Report
Under the changes, e-commerce firms in the country from February 1 will not be able to sell products via companies in which they have an equity interest or push sellers to sell exclusively on their...
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In Boost To Rupee, RBI Eases Curbs On Companies' External Borrowing
The rupee has fallen by almost 2 per cent so far in 2019, the most among its regional peers, continuing its bear run from last year.
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Gold Prices Gain For Third Consecutive Session: 5 Things To Know
Extending its upward trend for third straight day, gold prices on Wednesday gained by Rs 65 to trade at Rs 33,190 per 10 grams at the bullion market, reported news agency Press Trust of India (PTI)....
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A Step-By-Step Guide On Budget Preparation
The ceremony for the announcement of the Union Budget starts with a traditional "Halwa" ceremony, which marks the beginning of the printing process of the Budget.
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Income Tax Return Processing Time To Come Down To 1 Day: Piyush Goyal
The move will help in bringing down the income tax return (ITR) processing time to one day and hence speed up refunds.
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Start-Ups To Get Relief From Angel Tax: Report
The central government decision came after a number of representations were made to Commerce and Industry Minister Suresh Prabhu by start-ups.
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Petrol Prices Cut Marginally, Diesel Rates Hiked For Seventh Straight Day
Currently, petrol and diesel prices are revised by state-run oil marketing companies every day with effect from 6 am.
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Jet Airways Offers Up To 30% Discount On Flight Tickets
The discount offer, which is valid on both one way and return journeys, is available only on Jet Airways website and mobile app.
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Jet Airways Says Discussing SBI Resolution Plan With Shareholders
Jet Airways said the plan contemplates options on the debt-equity mix, proportion of equity infusion by stakeholders and change in its board.
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Markets End Choppy Session On A Flat Note
Share markets on Wednesday: Yes Bank, IndusInd Bank, Infosys, ICICI Bank, TCS and SBI led the gains on Sensex.
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China Central Banks Infuses Record $83 Billion Into Economy
The move also came a day after money supply data showed several of China's key credit gauges continue to languish around record lows.
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What Interim Budget Is, How It Differs From Full-Year Budget
Unlike a full-year budget, an interim budget covers a smaller period of time, usually few months.
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from NDTV Profit - Latest http://bit.ly/2QSvvuu
BJP Wants Expansionary Economic Policy Ahead Of General Elections: Report
Weak consumer spending and the fragile farm sector have already been a drag on economic growth.
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Hope Jet Airways, Etihad, Lenders Reach Common Plan: Government Official
Jet Airways, which has also defaulted on loan repayments, is looking to raise funds and is in discussions with Etihad and lenders to chart the way forward.
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Cabinet Approves Capital Infusion In Exim Bank: Report
The government had provided for Rs 500 crore towards capital infusion in the Exim Bank in the budget for this fiscal year.
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Reckitt Benckiser CEO Rakesh Kapoor To Retire By 2019-End
In 2017, Reckitt Benckiser spent $17 billion to buy US baby formula maker Mead Johnson.
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White House Considering Indra Nooyi To Lead World Bank: Report
Indra Nooyi, 63, stepped down as PepsiCo's chief last August after leading the company for 12 years.
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Rupee Edges Higher By 13 Paise Against Dollar
INR Vs USD: Forex dealers said, selling of the American currency by exporters supported the rupee.
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Sensex Rises Over 100 Points, Nifty Above 10,900
In global commodity markets, oil prices rose about 3 per cent overnight supported by China's promise of more stimulus.
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SpiceJet Launches New Flights, Details Here
With the launch of new flights, SpiceJet now operates a total of 54 flights in and out of North East and six flights within the North East Region.
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SBI Annuity Deposit Scheme: Rate Of Interest, Tenure And Other Details
Under SBI annuity deposit scheme, premature payment is permitted only in case of death of depositor.
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from NDTV Profit - Latest http://bit.ly/2svMsAQ
Rupee Weakens To Close Below 71 Mark Against Dollar
Rupee on Monday plunged by 43 paise to close at a nearly one-month low of 70.92 against the US dollar.
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from NDTV Profit - Latest http://bit.ly/2FuCg49
Trade Deficit Narrows To 10-Month Low As Gold Imports Fall
Gold imports declined by 24.33 per cent to $2.56 billion in December last year as against $3.39 billion in the same month of 2017.
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Government Open To Review GST In Education Sector: Shiv Pratap Shukla
Services like transportation and admissions are generally outsourced so that institutions can focus on providing quality education.
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Industry Body For Corporate Tax Cut, Revision In Personal Tax Rates
Ficci has suggested a revision in tax slabs for individual taxpayers. For individual income tax payers currently, the peak tax rate of 30 per cent is applicable over an income of Rs 10 lakh.
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Gold Prices Rise For Second Straight Day: 5 Things To Know
In Delhi, gold of 99.9 per cent and 99.5 per cent purities advanced by Rs 25 each to Rs 33,125 and Rs 32,975 per 10 grams, respectively.
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from NDTV Profit - Latest http://bit.ly/2APiY5J
What To Expect For Real Estate Sector In Budget. Here's A List
Many property consultants expect the cash crunch to continue in the real estate sector, which relies highly on borrowing. The real estate sector - which relies highly on borrowings - has faced a slack...
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Sensex Closes 464 Points Higher, Nifty Reclaims 10,850
On the 50-share Nifty, gains were led by Wipro, Yes Bank, Tech Mahindra, Infosys and Reliance Industries, which closed between 5.49 and 3.11 per cent higher.
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What Steel Industry Can Expect From Budget
Ficci has pitched for a reduction in customs duty on a variety of materials used as key inputs in the steel-making process.
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Qatar Airways CEO Denies Interest In Jet Airways
Akbar al-Baker said Qatar Airways would be "delighted" to take a stake in IndiGo, the largest airline in the country - home to the world's fastest growing aviation market.
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Fixed Deposit Interest Rates Of Public, Private Banks Compared Here
Fixed deposit accounts with a lock-in period of five or 10 years are eligible for deduction in income tax under Section 80C of the Income Tax Act.
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Need To Reduce Gestation Period For Insurers: Industry Body Ficci
The country's insurance industry, which comprises more than 50 companies, has some challenges that need to be addressed, say experts.
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Tamil Nadu Defence Corridor To Be Launched On January 20
Arun Jaitley, in his Budget speech on February 2 last year, had announced that two defence industrial production corridors will be set up in the country to promote domestic defence industry.
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Need Tax Benefit For Shadow Banks, Says Industry Body Ficci
From management reshuffles to open market operations, the central bank and the government have time and again announced measures to rescue the non-banking financial companies. Analysts say liquidity...
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What To Expect For Healthcare Sector In Budget? Here's A List
With the government set to present its Interim Budget on February 1, all eyes are on any announcements for the pharma sector.
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Nifty, Sensex Surge As Drop In Inflation Raises Hopes Of Monetary Easing
The broader NSE Nifty was up 0.88 per cent at 10,832.10 as of 11:02 am, while the benchmark BSE Sensex rose 0.88 per cent to 36,170.63.
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Industry Body Ficci Lists Expectations For Infrastructure Sector
Industry body Ficci has said that a reduction in basic customs duty applicable to rope-propelled transport solutions for urban transport will benefit the sector.
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Industry Body Ficci Lists Three Telecom Sector Expectations From Budget
With the government due to present Interim Budget 2019 in Parliament on February 1, many analysts eye the key annual event for announcements related to the telecom sector.
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Sensex Jumps Over 300 Points, Nifty Moves Above 10,800
Official data on Monday showed consumer inflation eased to an 18-month low while wholesale inflation registered an 8-month low.
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Income Tax Exemption Threshold May Go Up In Interim Budget: Report
Currently, income between Rs 2.5-5 lakh attracts 5 per cent tax, while that between Rs 5-10 lakh is levied with 20 per cent tax.
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China Exports Fall At Worst Pace In 2 Years
Total exports fell to a $221.25 billion in December, down 1.4 per cent from November, and 4.4 per cent from the same month in 2017.
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Gold Prices Jump by 225 Rupees: 5 Things To Know
In Delhi, gold of 99.9 per cent and 99.5 per cent purities advanced by Rs 225 each to Rs 33,100 and Rs 32,950 per 10 grams, respectively.
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Rupee Falls To End At Lowest Level In 1 Month: 10 Points
The rupee on Monday plunged by 43 paise to close at nearly one-month low of 70.92 against the US dollar, reported news agency Press Trust of India (PTI). The fall came amid weak industrial output...
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Easing Inflation Paves Way For Change In Stance By RBI, Say Experts
Analysts polled by Reuters had forecast December's annual increase in the consumer price index at 2.20%, compared with November's 2.33%.
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Government Likely To Overshoot Fertiliser Subsidy Bill: Report
A rise in fertiliser prices overseas and a fall in the rupee also made imported fertilisers more expensive.
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Etihad Agrees To Raise Stake In Jet Airways To 49%: Report
Jet Airways has been seeking funds from investors including minority shareholder, people with knowledge of the matter said last week.
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Consumer Inflation Eases To Lowest Since June 2017: 5 Things To Know
Consumer inflation was at 2.19 per cent in December, the government said on Monday. That marked the lowest level of consumer inflation recorded since June 2017, when it had stood at 1.46 per cent....
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Flipkart Co-Founder Sachin Bansal Invests Rs. 650 Crore In Ola: Report
This translates into an investment of about Rs 650 crore by Bansal, who left Flipkart after the US retail giant Walmart picked up 77 per cent stake in the e-commerce company for $16 billion.
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Myntra, Jabong CEO Ananth Narayanan Steps Down
Flipkart's Amar Nagaram has been named as the head of Myntra and Jabong, the e-commerce fashion company said in a statement.
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Sensex Closes 156 Points Lower, Nifty Settles At 10,737
Top drags on the Nifty50 were Wipro, GAIL, Indiabulls Housing Finance, Tech Mahindra, L&Tclosing between 4.93 per cent and 2.56 per cent lower.
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Domestic Passenger Vehicle Sales Fall In December
In the commercial vehicle segment, domestic sales declined by 7.80 per cent to 75,984 units last month, the SIAM data showed.
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Wholesale Inflation At 8-Month Low Opens Door To Monetary Easing
Annual wholesale price inflation edged down to 3.80 per cent last month, as food prices hardly rose and fuel cost increases almost halved, government data showed on Monday.
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IRCTC Tourism Offers Kumbh Special Tourist Train, Details Here
IRCTC Tourism package: The tour will be via Indian railways and will commence on January 30, 2019, according to the official website.
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What Wealth Planners Want From Budget
Financial experts where on one hand expect the government to make announcements in the form of tax reliefs, on the other, the widening of fiscal deficit may be a key challenge before the government.
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What The Energy Sector Wants From Budget
With the government due to present its Budget in Parliament on February 1, its last before a general election due by May, all eyes remain on the government's annual statement. Energy sector experts...
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Wholesale Inflation Eases To 3.80% In December
Wholesale inflation - or the rate of increase in wholesale prices - is determined by Wholesale Price Index (WPI).
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Sensex Falls Over 200, Nifty Dips Below 10,730
The Sensex fell as much as 203 points in early trade to hit 35,806, and the broader Nifty declined 67 points to touch 10,727.
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Fuel Prices Hiked 6 Times in 2019, Petrol Rate In Delhi Above Rs 70/Litre
The upwards price revision comes on the back of a recovery in crude oil prices in anticipation of tightening supply ahead, say analysts.
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Petrol, Diesel Prices Hiked 5 Times So Far This Year
Besides Sunday's hike, petrol and diesel were hiked on January 7, January 10, January 11 and January 12 this year. The hike on January 13 was the steepest so far this year.
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Government, Babus Not In Sync With India Start-Up Story: R Chandrashekhar
The purpose of the angel tax was ostensibly to weed out money launderers who could use undisclosed income to invest in start-ups.
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India A Bright Spot In Global Economy: Vice President M Venkaiah Naidu
The government's initiatives and reforms helped India achieve the 11th rank in the Global FDI confidence index 2018, Vice President's Secretariat said in a statement.
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Inflation Data, Corporate Earnings To Dictate Stock Market Trend: Experts
Reliance Industries, Hindustan Unilever, ICICI Securities and Wipro are expected to report their earnings in the coming week.
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RBI Cautions Government Over Spike In Mudra Scheme Bad Loans: Report
The RBI has said that bad loans under the Pradhan Mantri Mudra scheme have risen to Rs 11,000 crore.
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"Mistake": Fund Manager Admits Misjudgement After Investors Take 44% Hit
"I write to my investors whenever I feel like communicating something in the natural course of service," portfolio manager Porinju Veliyath said he had written in a note.
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Elon Musk's SpaceX To Reduce Workforce By 10%
SpaceX's Starlink program is competing with OneWeb and Canada's Telesat to be the first to market with a new satellite-based internet service.
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US Government Shutdown Breaks Record, With No End In Sight
Democrats say Mr Trump shut the government in a "temper tantrum" by refusing to sign bipartisan funding legislation last year that did not include money for his wall.
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Important Terms To Know Before Budget 2019
It is prudent to have an elementary knowledge of some economic terms to understand the Budget announcements.
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Gold Prices Extend Losses To Second Day, Slip Below Rs 33,000 Mark
Apart from a weak global trend, marketmen said tepid demand from local jewellers and retailers at the domestic spot market weighed on gold prices, traders said.
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Online Sellers To Appeal against Fair Trade Regulator's Flipkart Ruling
All India Online Vendors Association (AIOVA), which represents more than 3,500 online sellers, had complained that Flipkart was using its dominant position to favour select sellers.
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Rupee Edges Lower To Close At 70.49 Against Dollar
Rupee moved in a range of 70.34 to 70.59, before finally ending at 70.49, showing a loss of 8 paise.
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Ashok Chawla Resigns As NSE Chairman
Ashok Chawla was the chairman of the country's biggest stock exchange since 2016.
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Infosys Announces Share Buyback Worth Rs 8,260 Crore
Infosys' rival Tata Consultancy Services on Thursday reported a 24.1 per cent rise in net profit for the quarter ending in December.
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US President Donald Trump Promises Changes To H-1B Visas
In 2018, the United States hit the limit on the number of H-1Bs it could issue, 65,000, by the first week of April, according to the Department of Homeland Security.
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Oil Imports From Iran Slide In December
Iran was the sixth biggest oil supplier to India in December compared to third position it held a year ago.
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Forex Reserves Jump By $2.68 Billion In A Week
In the reporting week, foreign currency assets, a major component of the overall reserves, rose by $2.215 billion to $370.292 billion.
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A Timeline Of Debt-Laden Jet Airways' Turbulent Ride
Saddled with a debt of about Rs 8,052 crore ($1.14 billion) as of September 30, Jet is desperately searching for a deal that could help mitigate its severe liquidity crunch.
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Industrial Production Growth Slows To 0.5% In November
Industrial production or factory activity is determined by Index of Industrial Production (IIP).
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Infosys Reports Profit Of Rs 3,609 Crore In December Quarter
Revenue stood at Rs 21,400 crore for the quarter ended December 31, up 3.8 per cent compared with Rs 20,609 crore in the previous three-month period.
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From PM Modi, 5 Pre-Election Perks Help For Small Businesses
The government on January 10 announced a change in Goods and Services Tax (GST) rules that would exempt an additional 20 lakh small businesses.
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Sensex Closes 96 Points Lower, Nifty Gives Up 10,800
Major laggards on the 50-stock Nifty were IndusInd Bank, Tata Motors, Bharti Infratel, TCS and Yes Bank, closing between 3.45 and 1.87 per cent lower.
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Jet Airways Lessors Consider Taking Back Planes: Report
Jet Airways said the airline is working on its turnaround strategy and updating its partners, in real time, on efforts taken to improve its liquidity.
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IndiGo, GoAir, Jet Airways Offer Discount On Flight Tickets, Details Here
IndiGo, GoAir and Jet Airways are offering a host of discount offers on domestic and international flight tickets.
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IRCTC Ticket Cancellation Rules: All You Need To Know
E-tickets cannot be cancelled after chart preparation for normal passenger, said IRCTC on its official website.
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Election Handouts Threaten Government Plan To Check Budget Deficits
The government, which had already exceeded its annual deficit target in October, faces a huge shortfall in indirect taxes, while revenue from asset sales and dividend payments from state-run companies...
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from NDTV Profit - Latest http://bit.ly/2Fqt0NM
Rupee Rises By 7 Paise To 70.34 Against Dollar
On Wednesday, the rupee had risen by 5 paise to close at 70.41 against the US dollar.
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from NDTV Profit - Latest http://bit.ly/2RICURn
These Post Office Saving Schemes Offer Income Tax Benefits
Using these saving schemes, an investor can claim a deduction up to Rs 1.5 lakh in a financial year from taxable income under Section 80C of the Income Tax Act
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from NDTV Profit - Latest http://bit.ly/2M3ren2
Income Tax Changes In 5 Years: Key Things To Know
With general election due later this year, the government will present an interim Budget on February 1.
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from NDTV Profit - Latest http://bit.ly/2RkCZve
Can You Expect Income Tax Changes In Budget? Here's What Experts Say
The finance minister had in the last budget kept the income tax slabs unchanged while announcing some other changes.
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from NDTV Profit - Latest http://bit.ly/2RlCBwG
Five Economic Challenges Faced By Government For Interim Budget 2019
From a widened fiscal deficit to shrinking Goods and Services Tax (GST) collections, and slowing growth, economists say the government faces a number of challenges as it plans the income and expenses...
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from NDTV Profit - Latest http://bit.ly/2FoTAGZ
Sensex Jumps 100 Points, Nifty Touches 10,850: 5 Things To Know
Top advancers on the 50-scrip benchmark index were ITC, ONGC, Hindalco, Grasim and HDFC.
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from NDTV Profit - Latest http://bit.ly/2QEq81A
Donald Trump Cancels Davos Trip As US Government Shutdown Drags On
US President Donald Trump had told reporters at the White House earlier on Thursday that he intended to speak at the forum but would not attend if the shutdown continued.
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from NDTV Profit - Latest http://bit.ly/2H7peey
RBI To Eye Quarterly Results Before Easing Lending Curbs On Banks: Report
The RBI's Board for Financial Supervision met on Thursday and looked at estimates for the financial performance of the banks in the December quarter.
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from NDTV Profit - Latest http://bit.ly/2sk1vOj
Rupee Edges Higher To Close At 70.41 Against Dollar
Rupee moved in a range of 70.66 to 70.32, before finally ending at 70.41, showing a gain of 5 paise.
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from NDTV Profit - Latest http://bit.ly/2AHlzhZ
Jaguar Land Rover To Cut 4,500 Jobs
The firm, which employs about 40,000 people in Britain, also said it will begin producing electric drive units at its Wolverhampton engine plant.
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from NDTV Profit - Latest http://bit.ly/2Fsgy0b
Gold Prices Rise For Fourth Straight Day, Cross 33,000 Rupees: 5 Points
In the national capital, gold of 99.9 per cent and 99.5 per cent purities rose Rs 270 each to Rs 33,070 and Rs 32,920 per 10 grams, respectively.
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from NDTV Profit - Latest http://bit.ly/2M5196U
No GST Rate Cuts Until Revenues Improve: Arun Jaitley
The GST Council decided to raise the scope of the composition scheme to Rs 1.5 crore from Rs 1 crore.
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from NDTV Profit - Latest http://bit.ly/2Foc4ax
TCS Reports Rs 8,105 Crore Profit In December Quarter
Shares in TCS closed 0.2 per cent lower on the NSE, ahead of the earnings announcement by the company.
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from NDTV Profit - Latest http://bit.ly/2RkPLd1
Inflation In December Likely To Hit Lowest Since June 2017: Poll
Forecasts ranged between 1.80 per cent and 3.00 per cent, and suggested price pressures are easing off from earlier in 2018.
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from NDTV Profit - Latest http://bit.ly/2VKEe5g
RBI Accountable To Government: Reserves Panel Head Bimal Jalan
Bimal Jalan went on to voice hope that differences with the government would be settled, now that the central bank was under new management.
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from NDTV Profit - Latest http://bit.ly/2FmIuSR
Sensex, Nifty Finish Lower After 4-Day Gain: 10 Things To Know
Domestic stock markets finished lower on Thursday, snapping four days of gains. The Sensex shed 106.41 points to end at 36,106.50, while the Nifty settled at 10,821.60, down 33.55 points - or 0.3 per...
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from NDTV Profit - Latest http://bit.ly/2AGlv1V
Government Doubles Tax Exemption Limit For Small Businesses: Arun Jaitley
Currently, firms with an annual turnover of up to Rs 20 lakh are exempted from registration under a unified national goods and service tax launched in 2017.
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from NDTV Profit - Latest http://bit.ly/2Ri8whk
GoAir Offers Domestic Flight Tickets From 999 Rupees
GoAir's discount offer is valid for travel between January 25, 2019 and September 29, 2019, according to the airline's website.
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from NDTV Profit - Latest http://bit.ly/2FijrkJ
Jet Airways Proposes Late Debt Repayments To Creditors: Report
Jet Airways last week said it had defaulted on a debt payment to a consortium of Indian banks, led by SBI, that had been due on December 31.
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from NDTV Profit - Latest http://bit.ly/2Fkek3n
Rupee Rises By 14 Paise To 70.32 Against Dollar
Forex traders said the weakness in the US dollar against other currencies overseas, falling crude oil prices and fresh foreign fund inflows pushed the rupee higher.
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from NDTV Profit - Latest http://bit.ly/2RgqXD7
Sensex Falls Over 80 Points, Nifty Slips Below 10,830
TCS is due to release its earnings for the October-December quarter after markets hours.
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from NDTV Profit - Latest http://bit.ly/2LZfimn
Pfizer To Shut Two India Plants, 1,700 Employees To Be Impacted: Report
Pfizer acquired the sites as part of its $15 billion purchase of Hospira in 2015, to boost its portfolio of generic injectable drugs and copies of biotech medicines.
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from NDTV Profit - Latest http://bit.ly/2RDCmfx
Medical Insurance Plans That Cover Critical Illnesses: All You Need To Know
Protection against critical illness can be taken up in two ways: as a standalone policy, or as a rider with a medical/life insurance plan
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from NDTV Profit - Latest http://bit.ly/2SJfYi5
Rupee Falls By 25 Paise To Close At 70.46 Against Dollar
At the Interbank Foreign Exchange (forex) Wednesday, the rupee opened on a firm note at 70.08, but soon pared its initial gains and fell to an intra-day low of 70.65 against the US dollar.
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from NDTV Profit - Latest http://bit.ly/2ACr4hM
Rs 20,000-Crore Cheques Not Cleared Due To Strike: Bank Employees' Union
The central trade unions in the country are striking work for two days.
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from NDTV Profit - Latest http://bit.ly/2VENnwj
Five Things To Remember Before Buying A Medical Insurance Policy
Many individuals end up subscribing to a health plan without due diligence only to claim income tax benefits on the premium paid.
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from NDTV Profit - Latest http://bit.ly/2CZcqmE
Importance And Benefits Of Medical Insurance
By assessing his or her financial position and requirement closely, one can plan and financially prepare against medical emergencies through a medical insurance plan.
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from NDTV Profit - Latest http://bit.ly/2TF7uca
Important Things About Health Insurance Plans That Can Affect A Claim
A health insurance claim protects an individual from the prospect of large financial burdens resulting from an accident or illness.
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from NDTV Profit - Latest http://bit.ly/2CcpkvN
Why Having Medical Insurance Is Necessary
Under a medical insurance policy, insurer reimburses the expenses incurred by the policyholder on illness and injury, or pays care provider directly.
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from NDTV Profit - Latest http://bit.ly/2AwCXpJ
Gold Prices Rise On Wedding Season Buying: 5 Things To Know
In Delhi, gold of 99.9 per cent and 99.5 per cent purities rose Rs 110 each to Rs 32,800 and Rs 32,650 per 10 grams, respectively.
from NDTV Profit - Latest http://bit.ly/2TCxpRK
from NDTV Profit - Latest http://bit.ly/2TCxpRK
Yes Bank Finalises Potential Candidates For CEO Position
The private sector bank will now seek approval from the Reserve Bank of India (RBI) for the CEO appointment, and will make the relevant disclosures after the RBI's approval, the lender said in a...
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from NDTV Profit - Latest http://bit.ly/2CYJWJH
IndiGo Offers Flight Tickets From 899 Rupees
To avail the discount offer, customers need to travel between January 24, 2019 to April 15, 2019, according to IndiGo's website -- goindigo.in.
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from NDTV Profit - Latest http://bit.ly/2LYxJrb
Sensex Closes 231 Points Higher, Nifty Ends At 10,855
Top advancers on the Nifty50 were Axis Bank, ITC, Tata Motors, UPL and HDFC, ending between 3.12 and 1.65 per cent higher. Gains on the 30-stock Sensex were led by Bharti Airtel, Axis Bank, ITC, Tata...
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from NDTV Profit - Latest http://bit.ly/2TFqmHW
IndusInd Bank Profit Rises 5% In December Quarter
Gross bad loans as a percentage of total loans stood at 1.13 per cent at the end of December, compared with 1.09 per cent in the previous quarter and 1.16 per cent a year earlier.
from NDTV Profit - Latest http://bit.ly/2C7xBBb
from NDTV Profit - Latest http://bit.ly/2C7xBBb
Indian Economy Expected To Grow At 7.3% In 2018-19: World Bank
In 2017, China with 6.9 per cent growth was marginally ahead of India's 6.7 per cent, mainly because the slowdown in the Indian economy due to demonetisation and implementation of the Goods and...
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from NDTV Profit - Latest http://bit.ly/2Qv3SXX
Central Trade Unions' Strike Enters Day 2
The educational institutes, rail, banking, postal and transport services are expected to witness disruption on Wednesday too.
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from NDTV Profit - Latest http://bit.ly/2TAAu4x
World Bank Sees Global Growth Slowing To 2.9% In 2019
The World Bank outlook comes as the United States and China have been engaged in a bitter trade dispute, which has jolted financial markets across the world for months.
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from NDTV Profit - Latest http://bit.ly/2FhflIV
Sensex Jumps Over 250 Points, Nifty Above 10,850
Top gainers on the 50-scrip index were Infosys, TCS, Axis Bank and Tata Motors, trading between 1.1 per cent and 2 per cent higher.
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from NDTV Profit - Latest http://bit.ly/2SEBJzE
Rupee To Weaken To 71.50 Against Dollar In A Year: Poll
While the currency recovered nearly 6 per cent after touching a record low of 74.485 per dollar on October 11, the January 2-8 poll of more than 65 analysts showed the rupee will weaken again.
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from NDTV Profit - Latest http://bit.ly/2RC7JqU
IL&FS Lenders Asked To Classify Loans To Firm As Non-Performing: Report
In October, the government took control of IL&FS, after a string of defaults on debt obligations by the infrastructure financing and construction company spooked domestic markets.
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from NDTV Profit - Latest http://bit.ly/2CXjpfE
Apple Cuts New iPhone Production By 10% In March Quarter: Report
That rare step exposed weakening demand in China for Apple's iPhones amid a slowing economy, which has also been buffeted by a bruising trade war with the United States.
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from NDTV Profit - Latest http://bit.ly/2TBGni8
RBI Extends Tokenisation Services To Online Merchants
While all other instructions related to card transactions will be applicable for tokenised card transactions as well, the RBI said.
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from NDTV Profit - Latest http://bit.ly/2shYyOg
Weak Europe Output To Dent October-December Earnings: Tata Steel
Production from its European plants fell 12.7% to 2.33 million tonnes for the third quarter ended December 31, said Tata Steel in a press release.
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from NDTV Profit - Latest http://bit.ly/2FhYju7
Infosys Board To Consider Share Buyback, Special Dividend
Infosys had completed its maiden buyback of 11.3-crore equity shares in December 2017 of Rs 5 face value for Rs 13,000 crore at Rs 1,150 per share.
from NDTV Profit - Latest http://bit.ly/2FeVJFR
from NDTV Profit - Latest http://bit.ly/2FeVJFR
SBI Tax Savings Scheme: Interest Rate, Tenure And Other Details
SBI Tax Savings Scheme: Customers need to deposit a minimum of Rs. 1,000 or in multiples after that whereas the maximum deposit should not exceed Rs. 1,50,000 in a year.
from NDTV Profit - Latest http://bit.ly/2FfXyCt
from NDTV Profit - Latest http://bit.ly/2FfXyCt
Rupee Breaks 2-Day Gain To Slip Below 70 Mark Against Dollar: 10 Points
The rupee declined by 53 paise, or 0.8 per cent, to close at 70.21 against the dollar on Tuesday. That marked the first lower closing for the rupee against the greenback after two days of...
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from NDTV Profit - Latest http://bit.ly/2TzcXB6
Banking Operations Partially Hit Due To Trade Union Strike
However, the operations in State Bank of India (SBI) and private sector banks remained unaffected, as other seven unions in the banking sector are not part of the strike.
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from NDTV Profit - Latest http://bit.ly/2sfySS9
National Pension System (NPS) Partial Withdrawal: 5 Things To Know
The government offers two types of accounts under the National Pension System: Tier 1 and Tier 2. While the Tier I NPS account is a pension account, the Tier II NPS account is a savings account.
from NDTV Profit - Latest http://bit.ly/2LXYhsF
from NDTV Profit - Latest http://bit.ly/2LXYhsF
Airlines Announce New Routes, Discounts On Flight Tickets
Jet Airways is offering a discount of up to 50 per cent on domestic and international flight tickets under a limited-period offer
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from NDTV Profit - Latest http://bit.ly/2TGTAX1
RBI Appoints Nandan Nilekani As Chairman of Digital Payments Committee
The five-member panel, the central bank said in a statement, will review the existing status of digitisation of payments in the country and assess the current levels of digital payments in financial...
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from NDTV Profit - Latest http://bit.ly/2AA8JC1
Sensex, Nifty Close Higher For Third Day In A Row: 10 Things To Know
Domestic stock markets swung between gains and losses on Tuesday amid advances in global peers, before closing higher for the day. The markets changed direction multiple times, amid cautious trade as...
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from NDTV Profit - Latest http://bit.ly/2LXoaJ1
Gold Prices Rise For Second Straight Session: 5 Things To Know
In Delhi, gold of 99.9 per cent and 99.5 per cent purities rose by Rs 40 each to Rs 32,690 and Rs 32,540 per 10 grams, respectively.
from NDTV Profit - Latest http://bit.ly/2AzUdKu
from NDTV Profit - Latest http://bit.ly/2AzUdKu
IBM Inventors From India Win Over 800 Patents In 2018
The new patents were granted to a diverse group of more than 8,500 IBM inventors in 47 US states and 48 countries.
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from NDTV Profit - Latest http://bit.ly/2FfdnbX
Supreme Court Clears Reopening Of Vedanta's Copper Smelter, Shares Rise
The state government appealed against the environment court's order in December to set aside Tamil Nadu's order to close the copper smelter permanently.
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from NDTV Profit - Latest http://bit.ly/2TzYPr4
Banking Services Partially Hit Due To Trade Unions Strike: 10 Points
Banking operations on Tuesday have been affected in some parts of the country as a section of employees refrained from work in support of the two-day strike call given by ten central trade unions...
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from NDTV Profit - Latest http://bit.ly/2C9nmfF
Passenger Vehicle Sales Drop 3% In December: Dealers' Body
The data, based on vehicle registrations, was released by the Federation of Automobile Dealers Association (FADA).
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from NDTV Profit - Latest http://bit.ly/2RhgbMI
Jet Airways To Meet State Bank Of India, Other Lenders Today: 10 Points
Jet Airways, which is struggling with debts to the tune of over Rs 8,000 crore, will meet a group of lenders including State Bank of India (SBI) at around 2 pm on Tuesday. The meeting of Jet Airways...
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from NDTV Profit - Latest http://bit.ly/2LUtH2Y
RBI Will Deal With Liquidity Deficit If Needed, Says Shaktikanta Das
"We will take steps to deal with liquidity deficit, if it is noticed. Any infusion of liquidity has to be very carefully considered and has to be need based," Das said.
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from NDTV Profit - Latest http://bit.ly/2shCGlK
Rupee Weakens By 36 Paise To 70.04 Against Dollar
The rupee weakened even after the Central Statistics Office (CSO) released positive advanced estimates of national income for 2018-19.
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from NDTV Profit - Latest http://bit.ly/2ACFOxh
Sensex Falls 96 Points, Nifty Struggles Near 10,750
MSCI's broadest index of Asia-Pacific shares outside Japan ticked up just 0.1 per cent, though it was dragged down by falls in China and Taiwan.
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from NDTV Profit - Latest http://bit.ly/2SG1vn3
World Bank Group President Jim Yong Kim Resigns
Just last month, the World Bank announced it would double its investments to fight climate change to around $200 billion over the next five years.
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from NDTV Profit - Latest http://bit.ly/2SOIcYI
Shaktikanta Das Says RBI To Decide On Interim Dividend
Last month, Economic Affairs Secretary Subhash Chandra Garg had said the government will seek interim dividend from the Reserve Bank of India (RBI).
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from NDTV Profit - Latest http://bit.ly/2Tx3j1K
Bharat Petroleum To Buy Oil From Iran In February After 3 Months: Report
The United States in early November granted India a six-month waiver from sanctions on Iran's oil exports.
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from NDTV Profit - Latest http://bit.ly/2Rc353F
Bandhan Bank To Buy Gruh Finance In Share-Swap Deal
Bhandhan Bank has a market capitalisation of Rs 59,800 crore ($8.6 billion), while Gruh Finance is worth Rs 23,224 crore.
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from NDTV Profit - Latest http://bit.ly/2FeTTUP
Jet Airways Seeks To Rework Vendor Contracts To Cut Costs: Report
Jet Airways hasn't seen a profit in nine of the past 11 fiscal years owing to intensifying fare wars that worsened a cash crunch.
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from NDTV Profit - Latest http://bit.ly/2C7XfWF
Rupee Edges Higher To Closes At 69.68 Against Dollar
This was the second straight session of gain for the domestic unit. It had risen by 48 paise to settle at 69.72 against the US dollar on Friday.
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from NDTV Profit - Latest http://bit.ly/2CTMKYz
Government Pegs GDP Growth At 7.2% In 2018-19
The economic growth projection was part of the "First Advance Estimates Of ...
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from NDTV Profit - Latest http://bit.ly/2FexuqA
SBI Minimum Balance Rules, Penalty Charges For Insufficient Balance
SBI Minimum Balance rules: The monthly average balance, which is the average of end-of-day balances in the savings account in a month, varies depending on the location of the branch.
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from NDTV Profit - Latest http://bit.ly/2CTs82l
Government Says Exploration Licenses For 23 Oil, Gas Areas On The Block
This marks a third round of offerings under the open acreage licensing programme for oil and gas exploration concessions.
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from NDTV Profit - Latest http://bit.ly/2QqPT5r
IRCTC Tourism Offers 6-Day Tour To Kerala. Details Here
IRCTC Tourism package: The tour will be via economy class of IndiGo airlines and will commence on February 21, 2019, according to the website.
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from NDTV Profit - Latest http://bit.ly/2LVmzDD
Central Trade Unions Call 2-Day Strike, 20 Crore Workers To Participate
Sectors like telecom, health, education, coal, steel, electricity, banking, insurance and transport, among others, are likely to support the strike, said Amarjeet Kaur, General Secretary, AITUC.
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Sensex Closes 155 Points Higher, Nifty Ends At 10,776: 10 Things To Know
Domestic stock markets ended Monday's session on a higher note following Asian markets on signs of an easing trade tension. The 30-scrip Bombay Stock Exchange (BSE) benchmark index closed at...
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from NDTV Profit - Latest http://bit.ly/2VzZs67
Gold Prices Rise By 150 Rupees On Global Cues: 5 Things To Know
In Delhi, gold of 99.9 per cent and 99.5per cent purities rallied by Rs 150 each to Rs 32,650 and Rs 32,500 per 10 gram, respectively.
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from NDTV Profit - Latest http://bit.ly/2LSN1xC
Technology Won't Kill But Create Jobs: Narayana Murthy
The renowned IT Industrialist noted that technology provides an opportunity for people to move from drudgery to tasks that require more human touch.
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from NDTV Profit - Latest http://bit.ly/2QqURzm
RBI Governor Shaktikanta Das Says Won't Allow "Loose Money" Situation
The RBI is also looking at new governance reforms for state-owned banks but will not "throttle" their functioning, Shaktikanta Das told reporters.
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from NDTV Profit - Latest http://bit.ly/2VzEKmL
RBI Likely To Pay Centre Up To Rs 40,000 Crore Interim Dividend: Report
The RBI could make a final decision on the dividend by the time Arun Jaitley presents the government's budget on February 1, the report said.
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from NDTV Profit - Latest http://bit.ly/2FfnOfr
April-December Direct Tax Collections Rise 14%, Refunds Up 17%
The amount of refunds issued during the nine-month period rose 17 per cent to Rs 1.30 lakh crore, according to the official statement.
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Supreme Court Issues Notice To Anil Ambani On Ericsson's Contempt Petition
Appearing for R Com, senior Advocates Kapil Sibal and Mukul Rohatgi asked the court to accept Rs 118 crore towards outstanding dues to Ericsson India to establish its bonafide.
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Rupee Rises By 33 Paise To 69.39 Against Dollar
Rupee Vs Dollar: Forex dealers said, selling of the American currency by exporters supported the rupee.
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Sensex Jumps Over 300 Points, Nifty Above 10,800
Share markets on Monday: Heavyweights Reliance Industries, HDFC, ITCcontributed the most to the gains on the Sensex.
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from NDTV Profit - Latest http://bit.ly/2SELaiH
Amazon and Walmart Team Up to Fight Government's New E-Commerce Rules
The newly tightened regulations threaten to pinch Amazon and Walmart's Flipkart in one of the world's fastest growing online commerce arenas, where both have invested billions of dollars.
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Reliance Communications Says Committed To Settle Dues With Ericsson
The plan to sell the assets had followed a settlement with telecom gearmaker Ericsson for partial payment of dues owed by RCom to the Swedish company.
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Aadhaar-Driving License Linking To Be Made Mandatory: Ravi Shankar Prasad
Ravi Shankar Prasad also said that the digital payment transactions in the country have increased manifold to over Rs 2,070 crore in 2017-18.
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from NDTV Profit - Latest http://bit.ly/2sf9eNe
Instant Fund Transfer: Charges Levied By Top Lenders For NEFT Transaction
In NEFT, fund transactions are executed in half-hourly batches. At present, most banks in the country support NEFT payments.
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from NDTV Profit - Latest http://bit.ly/2FdMoxy
Tax Body Directs Taxman To Maximise Collection Efforts
The CBDT chief also suggested some "strategies" to be adopted and implemented to achieve the targets.
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Interest You Can Earn On Fixed Deposit From Top Banks
Fixed Deposit (FD) Interest Rates: Most banks offer fixed deposits starting from seven days up to a tenor of 10 years.
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from NDTV Profit - Latest http://bit.ly/2RghMCR
Aadhaar Savings Can Fund Three Ayushman Bharat-Like Schemes: Arun Jaitley
Since The Aadhaar (Targeted Delivery of Financial and other Subsidies, Benefits and Services) Bill was passed in 2016, in the last 28 months over 122 crore Aadhaar numbers have been issued.
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from NDTV Profit - Latest http://bit.ly/2LRv8ze
SpiceJet Announces 12 New Domestic Flights, Offers Tickets From Rs 1,497
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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from NDTV Profit - Latest http://bit.ly/2AwmphF
Parliamentary Panel Asks RBI To Fix Dysfunctional ATMs
ATMs have become an important channel for withdrawing money even after the close of banking hours.
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from NDTV Profit - Latest http://bit.ly/2QvbdHi
Q3 Results, Macro Data, Global Cues To Drive Markets Next Week: Experts
The Q3 earnings result season will kick-off from next week. IT major TCS is expected to be the first bluechip firm to come out with its Q3 result on January 10.
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from NDTV Profit - Latest http://bit.ly/2sdho94
Banking Services Likely To Be Hit On January 8, 9: All You Need To Know
Banking services are likely to be hit across the country on January 8-9 as a section of state-run bank employees have decided to go on a two-day strike in support of the nation-wide strike call given...
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from NDTV Profit - Latest http://bit.ly/2VqYf0G
Post Office National Pension System: Income Tax Benefits, Other Details
National Pension System (NPS) is administered and regulated by Pension Fund Regulatory and Development Authority (PFRDA).
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from NDTV Profit - Latest http://bit.ly/2R9AOKJ
Petrol, Diesel Prices To Rise In Karnataka As State Hikes Fuel Taxes
The Karnataka government increased the state tax on petrol and diesel by 2 per cent with effect from January 1.
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from NDTV Profit - Latest http://bit.ly/2Fcj4Yf
ATM Charges Levied By Top Lenders For Transactions, Other Services
Banks, from state-run State Bank of India (SBI) to private sector peers like HDFC Bank, ICICI Bank and Yes Bank - also charge customers for issuance and annual maintenance of an ATM-cum-debit card.
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from NDTV Profit - Latest http://bit.ly/2LW3mSs
State-Run Bank Employees To Go On Strike On January 8,9
Earlier on December 26, 2018, nine bank unions had observed a one-day strike to protest against the proposed amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda.
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from NDTV Profit - Latest http://bit.ly/2AyzHtV
IRCTC Transactions: Here's How Much You Pay On Net Banking, Card Payments
IRCTC offers several payment options such as net banking, debit/credit cards and mobile wallets, which can be used as per user's convenience.
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from NDTV Profit - Latest http://bit.ly/2FccUqT
SBI Savings Plus Account: Interest Rates, Minimum Balance Rules
SBI's savings plus account can be opened by any individual who is eligible to open savings bank account.
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from NDTV Profit - Latest http://bit.ly/2RBth6U
Jet Airways Offers Up To 50% Discount On Flight Tickets
Jet Airways' discount offer -- applicable on base fares in premiere and economy booking classes on select domestic and international flights -- is valid till January 11, 2019.
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from NDTV Profit - Latest http://bit.ly/2CPxTOT
Air India To Start New Flights For 'Kumbh Mela'
According to Air India, flights will be operated from January 13 to March 30, 2019.
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from NDTV Profit - Latest http://bit.ly/2Tx3avr
Airtel, Vodafone Idea, Jio Postpaid Plans Under Rs 500 Compared Here
Bharti Airtel and Vodafone Idea are offering additional benefits such as subscription to Amazon Prime Video and Netflix along with regular benefits of unlimited calling and data to attract customers.
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from NDTV Profit - Latest http://bit.ly/2RxSgbg
Jet Airways In Talks With SBI To Raise Rs 1,500 Crore: Report
The airline on Tuesday said it had defaulted on debt payment to a consortium of Indian banks, led by SBI, prompting ratings agency ICRA to downgrade the carrier and send its shares sharply lower.
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from NDTV Profit - Latest http://bit.ly/2C2RdX2
Small Savings Schemes That Offer Returns Of 7% And Above
The government revises the interest rates on small savings schemes, which are are available at post office and banks, every quarter.
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from NDTV Profit - Latest http://bit.ly/2Vv3D2Y
Investment In Five-Year Tax-Saving Fixed Deposit Can Fetch These Returns
Major commercial banks - from state-run State Bank of India (SBI) and Punjab National Bank (PNB), to private sector peers HDFC Bank and ICICI Bank - pay interest at rates to the tune of 6.25-7.25 per...
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from NDTV Profit - Latest http://bit.ly/2FaeJ8C
Rupee Rebounds To Return Above 70 Mark Against Dollar
Higher crude prices and sustained foreign fund outflows, however, capped the rupee gains to some extent, they said.
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Indian Railways Cancels 55 Trains As Dense Fog Covers Delhi: 5 Points
On Thursday also, 55 trains were cancelled while the frequency of 25 trains were reduced due to dense fog.
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from NDTV Profit - Latest http://bit.ly/2QiZATD
Auctioning Of Oil And Gas Exploration Licenses To Begin On Monday
India, the world's third biggest oil importer, wants to unlock its vast hydrocarbon resources to cut dependence on foreign oil.
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from NDTV Profit - Latest http://bit.ly/2VwtXcT
FD Interest Rates: How Returns Offered By SBI, Post Office Compare
The interest rates on fixed deposits (FDs), which are revised from time to time, vary according to the tenor of a fixed deposit.
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from NDTV Profit - Latest http://bit.ly/2LPXk5A
Gold Prices Break 3-Day Rising Streak
Silver, however, continued its rising streak and crossed the Rs 40,000-mark to Rs 40,140 per kg, gaining Rs 440 on increased demand from industrial units and coin makers.
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from NDTV Profit - Latest http://bit.ly/2RCSEWh
Centre Says Looking Into Fraudulent Transactions Below Rs 1 Lakh With RBI
Presently, the RBI along with banks is tracking cases of frauds related to credit, debit and ATM cards and internet banking involving over Rs 1 lakh.
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Sensex Closes 181 Points Higher, Nifty Ends At 10,727
Gains on Dalal Street were led by banking and financial stocks, offsetting losses in IT stocks.
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from NDTV Profit - Latest http://bit.ly/2QlPQIf
No Job Losses Due To Merger Of State-Owned Banks: Arun Jaitley
Earlier this week, the Cabinet approved merger of Vijaya Bank and Dena Bank with Bank of Baroda.
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Sensex Jumps Over 200 Points As Banking Stocks Rise: 10 Things To Know
Domestic stock markets regained strength in afternoon on Friday, after see-sawing between gains and losses amid cautious trade earlier in the session. The Sensex gained as much as 230 points to hit...
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from NDTV Profit - Latest http://bit.ly/2TrSYnP
Services Activity Slows Down In December: Survey
The Nikkei/IHS Markit Services Purchasing Managers' Index declined to 53.2 in December from November's four-month high of 53.7, but remained above the 50 mark threshold that separates growth from...
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from NDTV Profit - Latest http://bit.ly/2R9SWUO
More Than Adequate 2,000 Rupee Notes In System, Says Government
The comment comes a day after a media report, which stated that the government has stopped printing 2,000 rupee notes and plans to phase it out.
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from NDTV Profit - Latest http://bit.ly/2VvoDGH
Slowdown Fears Fuelled By US Economic Data, Apple Warning Drag Wall Street
S&P Technology companies slid 5.1 per cent, its biggest one-day percentage drop since August 2011. The Philadelphia SE Semiconductor index ended the session 5.9 per cent lower.
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India's Path To 5th Biggest Economy Has Bumps. 2019 Polls Among Them
Any attempts by the government to undermine the central bank's freedom and raid its surplus capital may spook investors and carry damaging consequences for the economy.
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from NDTV Profit - Latest http://bit.ly/2CNakWX
Rupee Rises By 34 Paise To 69.86 Against Dollar
Rupee Vs Dollar: The equity market staged a recovery and propped up the rupee, traders said.
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Opinion: Jet Airways Needed Just One Rupee to Avoid This Tailspin
The problem is that as 2015 was ending, Jet was earning only half a rupee more in revenue per seat kilometer than IndiGo.
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from NDTV Profit - Latest http://bit.ly/2R6W7g8
Union Bank Of India To Raise Rs 600 Crore Via Employee Purchase Scheme
As per the filing, the bank will raise the equity capital by "...offering, issuing and allotting up to 8,00,00,000 new equity shares to the eligible employees of the bank".
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from NDTV Profit - Latest http://bit.ly/2F6D3Ij
Sensex Gains Over 150 Points, Nifty Above 10,700
Share markets on Friday: Top gainers on the 50-scrip index were Infratel, Titan, HCL Tech, Asian Paints and Bajaj Auto, trading between 0.11 and 3.31 per cent higher.
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from NDTV Profit - Latest http://bit.ly/2LQdDzh
E-Commerce Rules Bar Foreign Investment In Multi-Brand Retail: Government
The Commerce Ministry in December revised the FDI policy for e-commerce players whereby it barred online retail firms like Amazon and Flipkart from selling products of companies in which they have...
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from NDTV Profit - Latest http://bit.ly/2F6FFGo
Small Finance Banks Pay These Interest Rates On Savings Account Deposits
Small finance banks, such as AU, Equitas, Suryoday, Jana and Ujjivan, pay interest to the tune of 4-8 per cent per annum on balance in savings accounts under certain conditions.
from NDTV Profit - Latest http://bit.ly/2AqXFY0
from NDTV Profit - Latest http://bit.ly/2AqXFY0
Apple Shares Nosedive Nearly 10%, Send Investors To Safe Havens
US stocks opened lower, with the Dow Jones Industrial Average down 0.73 per cent and the Nasdaq Composite dropping 1.22 per cent.
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from NDTV Profit - Latest http://bit.ly/2R8Bi3K
Nestle India Welcomes Supreme Court Ruling In Maggi Case
The company had to recall and destroy 38,000 tonnes of Maggi noodles from millions of retail shelves. The ban was relaxed in November 2015.
from NDTV Profit - Latest http://bit.ly/2F7KJKL
from NDTV Profit - Latest http://bit.ly/2F7KJKL
RBI Scales Down Printing Of 2,000 Rupee Note: Report
According to the RBI data, there were 3,285 million pieces of Rs 2,000 notes in circulation at end-March 2017. A year after (on March 31, 2018), there was only a marginal increase in the number at...
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from NDTV Profit - Latest http://bit.ly/2F42uud
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