SBI Flexi Deposit Scheme: Tenure, Interest Rates And Other Details

For SBI's flexi deposit account, the minimum instalment amount is Rs. 500, and in a financial year, an investor needs to deposit a minimum of Rs. 5,000

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NBCC "No More Interested" In Jaypee Infra Acquisition: Report

Change in guard at NBCC has also impacted its approach towards the bankrupt Jaypee Infratech, people in the know of things said

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Air India Pilots Demand Rs 1,200 Crore Due Payment Ahead Of Disinvestment

Minister of State for Civil Aviation Hardeep Singh Puri had said that the centre was committed to the disinvestment of Air India

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Fund Transfers Via RTGS, NEFT To Get Cheaper From Monday

RTGS system is meant for large-value instantaneous fund transfers, while the NEFT system is used for fund transfers of up to Rs 2 lakh

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Post Office Time Deposit Account: Interest Rates And Other Details

Investments made under the 5-year fixed deposit account qualifies for income tax benefits under Section 80C of the Income Tax Act, 1961

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Centre Banks On Exchange Traded Funds To Achieve Divestment Target: Report

In 2018-19, the government raised Rs 18,729.85 crore through Bharat 22 ETF in two tranches. It raised another Rs 26,350 crore through CPSE ETF

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Buyers Await Aviation Regulator's Scrutiny Of Jet's Flying License: Report

Recently, London-based AdiGroup partnered with Jet Airways Employee Consortium partnered to bid for 75 per cent stake of Jet under the insolvency resolution process

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Budget Discussion May Start From July 8: Finance Ministry

Finance Minister Nirmala Sitharaman will present the first Budget of the second term of the Narendra Modi government on July 5

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Fuel Prices Hiked For Fourth Straight Day, Check Rates Here

The domestic fuel prices are determined broadly by the global crude oil and rupee-dollar forex rates

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Low Expectations Of Budgetary Stimulus May Subdue Equities: Experts

The Economic Survey 2018-19 will be tabled in the Parliament on July 4, followed by the Budget on July 5.

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What Subscriber Gets In Jio's Rs 198, Rs 398, Rs 448, Rs 498 Plans

Reliance Jio offers unlimited calling benefits across all its prepaid recharge plans.

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Budget 2019: Here Are Important Facts To Know

Budget 2019 India: Ahead of the presentation of full-year Budget in Parliament, the Ministry of Finance has used social media platform to engage digital audience.

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IRCTC RAC, Waitlisted Ticket Booking Rules You Need To Know

IRCTC or Indian Railway Catering and Tourism Corporation, the e-ticketing arm of the Indian Railways, enables the passengers to book train tickets online through its website or mobile app. Passengers...

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Reliance Home Finance Extends Maturity Of Non-Convertible Debentures

Reliance Home Finance has already monetised over Rs 5,000 crore of retail assets, and will continue to do so to meet its debt servicing obligations.

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How To Open Public Provident Fund Account With SBI? 10 Things To Know

Public Provident Fund (PPF) account, a retirement planning-focused instrument, is considered among the most sought after investment products by financial experts. It is offered by various institutions...

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IndiGo, SpiceJet, Vistara Announce New Routes, Details Here

The announcements from the airlines come at a time when the suspension of flights by Jet Airways has led to additional demand in the country's civil aviation market.

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Current Account Deficit Narrows To $4.6 Billion In January-March

The Reserve Bank of India said on Friday that the current account deficit was $4.6 billion, against $13.0 billion in the quarter ended March 31, 2018.

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Budget 2019: Hospitality And Tourism Seeks Impetus To Tax Rebates

Rationalisation of various GST rates is one of the demands of the hospitality/tourism sectors.

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Interest Rates On Small Savings Schemes For September Quarter

India Post, which operates a network of more than 1.5 lakh post offices across the country, offers nine options under its small savings scheme portfolio. These include fixed deposit or time deposit...

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AdiGroup, Employee Consortium To Bid For 75% Of Jet Airways

The AdiGroup and Jet Employees Consortium combine is confident of reviving the airline by successfully bidding for the airline under the process.

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Interest Rate On Small Savings Schemes Cut By 0.1%

The government on Friday reduced interest rate on small savings schemes, including National Savings Certificate (NSC) and PPF, by 0.1 per cent.

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Telecom Regulator Unlikely To Review 5G Spectrum Prices: Report

The sector is under financial stress and operators find the prices are too high to bid and are globally uncompetitive as in the 5G spectrum auction in South Korea.

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Gold Prices Fall On Easing Demand: Key Things To Know

Gold of 99.9 per cent and 99.5 per cent purity dropped Rs 65 each to Rs 34,285 and Rs 34,115 per 10 gram, respectively.

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Budget 2019 To Shape The Future Trend Of Equity Market, Says Experts

The S&P Sensex and NSE Nifty 50 Indexes corrected 0.8 per cent and 1.12 per cent respectively in the month of June and all eyes will be on the Budget.

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Railway Announcements You Need To Know After Merger Of Rail, Union Budget

This year's Budget - the first full budget by PM Modi-led NDA government after returning to power in May- will also include announcements for Railways.

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Fiscal Deficit Hits 52% Of Budgeted Target In May

Net tax receipts in the first two months of the fiscal year were Rs 1.15 lakh crore, while total expenditure was Rs 5.13 lakh crore, government data showed.

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IndiGo Launches New Flights, Offers Tickets From Rs 1,999

According to the IndiGo statement, the new flights are designed to cater to business and leisure travellers who are constantly on the lookout for new and affordable flying options.

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Sensex, Nifty Fall For Second Day Led By Declines In Private Lenders

Eight of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Metal Index's 1.13 per cent decline.

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Sensex, Nifty Continue To Trade Lower; Yes Bank, IndusInd Top Losers

Eight of 11 sector gauges compiled by National Stock Exchange were trading lower led by the Nifty Metal Index's 1.5 per cent decline.

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Worried About Your Train Reservation Status? Here Is How You Can Check It

PNR Status: On a PNR which has all the passengers on waiting list at the time of charting, the name of such waitlisted passengers will not appear in the charts and such passengers, if found...

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Failure Of A Big Non-Banking Lender Could Cause Large Damage: RBI

The central bank said bank borrowings have risen. Their share of total borrowings was 29.2 per cent in March 2019 versus 23.6 per cent a year earlier and 21.2 per centin March 2017.

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ONGC Seeks Partners To Boost Output From Over 60 Small Oil And Gas Fields

Companies that work with ONGC will be free to market and sell their share of oil and gas output as they like for up to 20 years, ONGC said.

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Government Clarifies Still Planning To Sell Air India

Government failed last year in its attempt to sell a 76 per centstake in loss-making Air India due to a lack of interest from bidders, but said it would return with an alternative proposal soon.

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Rupee Rises To 68 Levels For First Time Since April 11: 10 Things To Know

The rupee strengthened in early trade on Friday to trade at 68 levels against the US dollar for the first time since April 11, according to agencies. The domestic currency opened strong at 69 at the...

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IRCTC Tourism Offers 3-Day Tour To Goa From Rs 12,625 Per Person

IRCTC Tourism's package includes air tickets (Hyderabad-Goa-Hyderabad round trip), travel insurance, breakfast and dinner.

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Sensex, Nifty Turn Flat As Markets Give Up Early Gains: 10 Things To Know

Domestic stock markets turned flat in late morning deals on Friday, after a positive start amid gains in Asian peers. The S&P BSE Sensex index fell as much as 63.7 points from the previous close to...

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Turmeric Makes It To BSE's Commodity Derivatives Segment

BSE announced Nizamabad as the basic delivery centre for the turmeric contracts, and Sangli, Erode, and Basmat as additional delivery centres. The turmeric August futures contract rose as much as 1.45...

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Sensex Rises Over 80 points, Nifty Moves Above 11,850

Banking stocks were in focus, a day after the Reserve Bank of India (RBI) said the country's financial system "remains stable" despite recent setbacks.

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Bad Loans Fall To 9.3% In 2018-19: RBI Report

The share of the state-run banks in the overall NPAs was at an elevated 12.6 per cent, but is likely to come down to12 per cent by March 2020

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Government, RBI Must Work More Closely To Boost Growth: Shaktikanta Das

A dip in consumption and private investment has exerted pressure on the fiscal math, Shaktikanta Das said

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Industry Body For Lower Taxes To Incentivise Equity Investments

Union Budget 2019: CII in a statement said that the tax rate on all corporate taxpayers should be reduced to 25 per cent unconditionally without any turnover criteria

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Government Shelves Sale Of Air India For Now

The aviation sector is facing turmoil with one of its biggest private carriers, Jet Airways, facing bankruptcy, while passenger growth in the market overall has slowed.

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10 Things To Know About First Budget Of Independent India

The first Budget of Independent India was presented on November 26, 1947, by the then Finance Minister RK Sanmukham Chetty under the government of India's first Prime Minister Jawahar Lal Nehru.

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Sebi Raises Disclosure Norms; Tightens Rules For Mutual Funds

Sebi also put a cap of 5 per cent of net sales on royalty paid by companies to their parents or promoters

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Budget 2019: Date, Timings, Where To Watch Nirmala Sitharaman's Speech

The Budget is the most comprehensive report of government's finances, consolidates revenues from all sources and outlays for all activities

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Government May Lower Employees' Provident Fund Rates: Report

Nearly one-fifth of India's workforce are EPFO's members, contributing every month a part of their salary which is then matched by their employers

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Gold Prices Gain On Jewellers' Buying: 5 Things To Know

In Delhi, gold of 99.9 per cent and 99.5 per cent purity jumped by Rs 180 each to Rs 34,350 and Rs 34,180 per 10 gram, respectively

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Sensex, Nifty End Flat As June Derivative Contracts Expire

Twelve of 19 sector gauges compiled by BSE ended higher led by the S&P BSE Realty Index's 1.7 per cent gain.

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Cryptocurrency Exchange Koinex Shuts Operations: 10 Things To Know

Cryptocurrency exchange Koinex on Thursday announced its decision to shut down all of its digital assets exchange services and operations. In a series of posts on microblogging site Twitter, Koinex...

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Sensex Falls Over 250 Points From Day's High Ahead Of Derivatives Expiry

Mid- and small-cap shares also witnessed some buying interest as the S&P BSE MidCap Index rose 0.2% and the S&P BSE SmallCap Index advanced 0.5%.

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Fuel Rates Hiked Across Metros, Check Petrol, Diesel Rates Here

The domestic fuel prices are determined broadly by the global crude oil and rupee-dollar forex rates.

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SBI ATM Cards: Features, Transaction Limits, Cash Withdrawal Charges

SBI offers several types of debit cards such as SBI Classic Debit Card, SBI Global International Debit Card, SBI My Card International Debit card and SBI Gold International Debit Card.

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Reliance Infra Wins Rs 7,000 Crore Versova-Bandra Sea Link Project

Reliance Infrastructure has completed the works related to soil investigation in partnership with Fugro Ltd.

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Latest Rules On Booking/Cancellation Of Railways' Train Tickets Online

IRCTC train, IRCTC ticket, IRCTC booking: IRCTC, the online ticketing arm of Indian Railways, enables users to book train tickets a maximum of 120 days prior to travel (excluding the date of...

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Want To Book Railways Tatkal Ticket? Find Out Timings, Charges Here

IRCTC Tatkal Tickets: Tatkal train tickets issued by Indian Railways are for travel between actual distance of travel and not on an end-to-end basis, Indian Railways said on its website.

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PM Modi's New Budget Key to Reviving India's Animal Spirits

As gross domestic product growth slowed to a five-year low of 5.8 per cent in the first quarter of 2019, the Reserve Bank of India this month did its part to support the economy by lowering interest...

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Sensex Gains Over 100 Points, Nifty Near 11,900

Top percentage gainers on the 50-scrip index were Bharti Infratel, Indiabulls Housing Finance, IndusInd Bank, NTPC, Yes Bank and Larsen & Toubro.

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Uber's Real London Threat Is Ola, Not Bolt, Says Morgan Stanley

Daimler AG-backed Bolt, formerly known as Taxify, just re-entered the UK market two years after its operating license was revoked

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Rupee Closes Higher At 69.15 Against Dollar

At the interbank foreign exchange market, the rupee opened at 69.40 a dollar and advanced to a high of 69.07 during the day

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IRCTC Tourism Offers 11-Day Tour To China, Hong Kong, Details Here

The ten-night and eleven-day tour will cover destinations such as Shanghai, Xian, Beijing, Hong Kong and Macau, according to IRCTC Tourism's website

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Budget 2019: Tax On Capital Gains May Continue This Year, Says Report

The sources said that there were neither chances of a hike above 10 per cent nor of an increase in exemption limit above Rs 1 lakh.

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IL&FS Asks Bourses To Avoid Coercive Actions Over Quarterly Results

The company in regulatory filing said it will be "challenging" for the management to prepare the financial statements owing to the proposed divestment and restructuring of its group companies, among...

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Budget 2019: Here Are 5 Important Facts To Know

Ahead of the presentation of full-year Budget in Parliament, the Ministry of Finance has used social media platform to engage digital audience.

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Make Growth India's Biggest Priority Over Next 5 Years: Sunil Kant Munjal

Steps should be taken to support the private sector so that it can play a bigger role in capital formation and job creation, Mr Munjal told NDTV.

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Gold Prices Plunge By 300 Rupees: 5 Things To Know

In Delhi, gold of 99.9 per cent and 99.5 per cent purity plummeted Rs 300 each to Rs 34,170 and Rs 34,000 per 10 grams, respectively.

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Bitcoin Rises To Strongest Level Against Dollar In 18 Months

Bitcoin traded last at $12,485 after reaching a high of $12,935 earlier in the Asian session.

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Sensex Ends Over 150 Points Higher; Power, Metal Shares Outperform

Thirteen of 19 sector gauges compiled by BSE ended higher led by the S&P BSE Metal Index's 3 per cent gain.

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Here Are Key Announcements From Piyush Goyal's Interim Budget

Union Minister Piyush Goyal had presented the Interim Budget as Finance Minister Arun Jaitley was on leave due to medical reasons

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LIC Jeevan Lakshya Plan: Premiums, Maturity Benefits, Other Details Here

LIC India: LIC's Jeevan Lakshya can be purchased by any individual between the age group of 18 and 50 years for minimum sum assured of Rs 1 lakh.

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Industry Body For Hike In Tax Exemption On Preventive Health Check-Up

Ficci also urged the government to provide interest subsidy on loans provided to the healthcare sector

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10 Things To Know About SBI Minimum Balance Rules, Zero Balance Accounts

SBI minimum balance rules: Customers having a regular savings bank account in SBI branches located in metro and urban areas are required to maintain a monthly average balance of Rs 3,000, according to...

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Reliance Jio 1.5 GB/Day Data Plans: Prices, Validity, Other Benefits Here

Jio Recharge Packs: Reliance Jio is currently offering five different recharge plans for usage 1.5 GB of high speed internet data. Jio's recharge plans also offer local, STD voice calls and SMSes...

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How To Download A Copy Of Your Aadhaar Card On A Device

Aadhaar card download: Called "Download Aadhaar", an online tool provided by the UIDAI enables Aadhaar holders to download a digital password-protected digital - or electronic - copy of the Aadhaar...

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How To Make Use Of UIDAI's Online Aadhaar Card Services

Aadhaar card online download and other UIDAI services: The UIDAI - the issuer of the 12-digit personal identification number under the Aadhaar programme - enables applicants to check the status of...

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Gold Demand May Fall To Three-Year Low As Prices Hit Record High

Lower purchases by India, the world's second biggest consumer after China, could limit a rally in global prices that hit a 6-year high earlier this week.

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IndiaMart InterMESH IPO Oversubscribed On Final Day

As of 11:15 am on Wednesday, the IndiaMART InterMESH IPO received 37,46,715 bids against the total issue size of 26,92,824, marking a subscription of 139 per cent, data from the National Stock...

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US-Iran Conflict Brewing, India's Emergency Oil Reserve Can Last 9 Days

The country imported 84 per centof its crude in the last financial year, government data show, and two of every three of those barrels was sourced from the conflict-prone region.

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Dewan Housing Finance Misses Debt Payments, Shares Fall 9%

DHFL share price today: At 10:23 am, DHFL shares traded 2.39 per cent lower at Rs 73.65 apiece on the National Stock Exchange (NSE), underperforming the Nifty index which was up 0.24 per cent.

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Dewan Housing Finance Misses Debt Payments

Two major credit ratings agencies - ICRA, an affiliate of Moody's, and Standard & Poor's local unit Crisil - earlier this month categorised DHFL's commercial paper at default levels for missing bond...

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Sensex Rises Over 150 Points, Nifty Crosses 11,800

Domestic stock markets opened lower but recovered the losses in first few minutes of trade on Wednesday, shrugging off weakness in Asian peers. The Sensex rose as much as 164.46 points in early trade...

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Centre Considering Hike In Amount, Age Limit Under Atal Pension Yojana

APY is available to account-holders between the age of 18 to 40 and offers a minimum guaranteed monthly pension of between Rs 1,000 and Rs 5,000

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Industry Body Suggests Creation Of "National Employment Board"

The industry body also said that under the Prime Minister's Rozgar Protsahan Yojana (PMRPY), the wage threshold should be increased to Rs 25,000 from the current Rs 15,000

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Industry Body Seeks Removal Of Import Duties On Steel Making Materials

The association has sought reduction in import duty on raw materials to nil rate and rectification of inverted duty structure

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Government Warns Foreign E-Commerce Firms Over Discounts: Report

India from February 1 imposed new e-commerce FDI rules to help hundreds of thousands of small traders, but small businesses say there are still issues.

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Government Likely To Maintain Status Quo On Angel Tax, Says Report

If a privately held company issues its shares at a price more than its fair market value, the amount received in excess of the fair market value is taxable as income from other sources under Section...

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Before July 5, Here's A Look At Major Announcements In Last Five Budgets

Budget 2019: Finance Minister Nirmala Sitharaman will present the full-year Budget for 2019-20 on July 5. That would mark the first Budget by the NDA government after returning to power in May 2019.

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Budget 2019: 10 Things To Know About 'Budget Briefcase'

Union Budget 2019: From economists to analysts to tax experts to the general public, all eyes remain on Budget announcements for any signs of changes in policy in the coming period.

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Poverty In Karnataka Very High Despite High Per Capita Income: NK Singh

The 15th Finance Commission found the state's performance in the agricultural sector was disappointing.

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Need To Boost Private Sector Participation In Affordable Housing: Experts

Credit ratings agency CARE Ratings said, in a report listing its expectations from the Budget 2019-20 dated June 25, it expects additional allocation for the Pradhan Mantri Awas Yojana over the...

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RBI Panel For Rs 5,000 Crore Distressed Asset Fund For Small Enterprises

RBI panel also suggested a government sponsored fund of funds (FoF) to support venture capitalists and private equity firms investing in the MSMEs.

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SpiceJet Announces International Flights, Check Routes Here

The announcement from SpiceJet comes at a time when full-service carrier Jet Airways has suspended its operations

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Gold Prices Jump On Strong Global Cues: 5 Things To Know

In Delhi, gold of 99.9 per cent and 99.5 per cent purity jumped by Rs 200 each to Rs 34,470 and Rs 34,300 per 10 grams, respectively

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Amid Trade War Between US, China, India Finds An Opportunity: Report

Economies, including Vietnam and Malaysia, have benefited from businesses trying to sidestep tariffs, while India has largely missed out on any investment gains.

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Sensex, Nifty Snap Two-Day Losing Streak Led By Reliance Industries

Seventeen of 19 sector gauges compiled by BSE ended higher led by the S&P BSE Energy Index's 2 per cent gain.

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Budget 2019: Need Reasonable Tax Regime For Corporates, Say Experts

Market experts expect the finance minister to announce steps to reduce corporate tax, ensure transmission of lower interest rates to the end-user, and steps for revival of consumption to boost the...

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Indian Oil Sees Growth In Fuel Demand Above 4% In 2019

The nation is preparing to raise its fuel quality to so-called Euro 6 standards from Euro 4 from April 2020 to fight pollution.

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Health Start-Up CureFit Raises $120 Million In Funding

Founded in 2016 by Mukesh Bansal and Ankit Nagori, CureFit has built an integrated health platform

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How To Check View Provident Fund (PF) Passbook, Check Claim Status Via Umang app

EPF is a mandatory contribution from the salary of an individual that every organisation with more than 20 employees has to deduct. Users can also search establishment, get EPFO address and apply for...

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Opinion: RBI's Autonomy Takes Another Hit As Viral Acharya Heads For Exit

A standoff over the government's intentions was temporarily resolved by pushing to a panel of experts the question of whether the RBI had excess capital and could return some of it to the finance...

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IndiaMART InterMESH IPO Subscribed Over 50% On Day 2

As of 10:45 am on Tuesday, the IndiaMART InterMESH IPO received 14,67,165 bids against the total issue size of 26,92,824, marking a subscription of 54 per cent, data from the National Stock Exchange...

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Sensex Falls Over 150 Points, Nifty Near 11,650

The Sensex and Nifty had ended 0.18 per cent and 0.21 per cent lower on Monday.

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IRCTC Tourism Offers 5-Day Tour To Thailand From Rs 32,300 Per Person

IRCTC Tourism package includes air tickets (Guwahti-Bankok-Guwahati round trip), breakfast, lunch and dinner, and travel insurance

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RBI Launches Application For Filing Online Complaints Against Banks

Customers can lodge complaints against any regulated entity with public interface such as commercial banks, urban cooperative banks, non-banking financial companies (NBFCs)

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Viral Acharya's Exit Will Not Impact Markets: SBI Report

Viral Acharya had raised concerns about the RBI's independence in relation to the government in a public speech in October 2018

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Latest Fixed Deposit Interest Rates Offered By HDFC Bank

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

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Opinion: Jet's Banks Finally Accept The Airline Is Dead

With the insolvency tribunal taking Jet Airways India Ltd. under its wing on Thursday, there may be one more abortive attempt to sell it whole

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RBI Plans For Transferring Excess Reserves Opposed, Delayed: Report

Earlier, the government of Prime Minister Narendra Modi indicated that the RBI has excess reserves of more than Rs 3 lakh crore

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Budget: More Tax-Saving Measures Likely For Salaried People, Says Report

There is a huge expectation from the new Finance Minister of an increase in the basic exemption limit from Rs 2.50 lakh to Rs 5 lakh

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Gold Prices Fall On Easing Demand: 5 Things To Know

In Delhi, gold of 99.9 per cent and 99.5 per cent purity fell by Rs 100 each to Rs 34,270 and Rs 34,100 per 10 grams, respectively

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Budget 2019: Defence Experts Eye More Funds For Modernisation

While presenting the interim Budget on February 1, Union Minister Piyush Goyal had allocated Rs 4,31,011 crore to the Defence Ministry

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Sensex, Nifty Fall For Second Day Led By Declines In Energy Shares

Twelve of 19 sector gauges compiled by BSE ended lower led by the S&P BSE Oil & Gas Index's 1.6 per cent decline.

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Government Issues Expression Of Interest For Six P-75 (I) Submarines

This is second project undertaken under the latest Strategic Partnership model, with the first being the procurement of 111 Naval Utility Helicopters.

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Binny Bansal Sells Rs 531-Crore Stake In Flipkart To Walmart: Report

According to the report, Binny Bansal's holding has reduced by 0.33 per cent to 3.52 per cent from 3.85 per cent after the current sale proceedings

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Growth Appears To Have Bottomed Out, To Be Monsoon-Dependent: Economists

Union Budget 2019-20: Economists have laid out a host of challenges facing the economy: spurring investment, weak consumption and unemployment. The challenges facing the economy cannot be addressed in...

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Petrol, Diesel Prices Raised Across Metros, Check Fuel Rates Here

The domestic fuel prices are determined broadly by the global crude oil and rupee-dollar forex rates

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IRCTC Tourism Offers Rajasthan Tour From Rs 20,150/Person, Details Here

IRCTC Tourism: Indian Railway Catering and Tourism Corporation's (IRCTC) tourism arm, IRCTC Tourism is offering a five nights and six days tour package to popular tourist destinations of Rajasthan...

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RBI Panel Defers Reserves Report For Fourth Time: Report

The six-member panel, headed by Former RBI Governor Bimal Jalan, which was originally supposed to submit the report in April.

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IndiaMart IPO Opens: Here Are Key Things To Know

IndiaMart IPO: IndiaMart is selling equity shares of face value of Rs 10 each in the price band of Rs 970-973 per share between June 24 and 26.

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Sensex, Nifty Erase Gains; Auto, Energy Shares Among Top Losers

Ten of 19 sector gauges compiled by BSE were trading lower led by the S&P BSE Oil & Gas Index's 1.5 per cent decline.

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Sensex Gains Over 100 Points, Nifty Crosses 11,750 Mark

HDFC Bank, Larsen & Toubro and HDFC contributed the most to the advances in Sensex.

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RBI Deputy Governor Viral Acharya Quits Months Before Term Ends: Sources

Viral Acharya was appointed as one of the four deputy governors at the central bank in December 2016.

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Moderate Outlook For Manufacturing In June Quarter: Industry Body Survey

The latest quarterly survey assessed the sentiments of manufacturers for April-June, 2019-2020, for twelve major sectors

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IRCTC Tourism Offers 9-Day Tour To Himachal Pradesh

IRCTC Tourism package: The package includes train tickets, AC accommodation and road transportation as per the itinerary, and all applicable GST

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Airport Authority To Study Ways To Improve Slot Allotment Of Airlines

A slot is a specific date and time at which an airline can arrive or depart at an airport

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US-China Trade Talks, Union Budget To Guide Markets: Experts

Brent crude, the global oil benchmark rose sharply on Thursday after war like situation developed between Iran and the US after Iran shot down a US drone

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Budget 2019: Investors Looking For Growth Measures, Say Experts

With the prevailing conditions, all eyes are on the Budget to be tabled on July 5 , to announce measures to revive growth

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Here Are Recurring Deposit Interest Rates Of Top Lenders

A recurring deposit or RD account enables the investor to contribute a fixed amount of money at regular intervals, and generates interest income

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Tata Consultancy Services To Open Centre In Patna: Ravi Shankar Prasad

Investment by India's largest IT company in Bihar should promote IT investments in the state," Ravi Shankar Prasad said.

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Central Sector Telecom Projects May Get Higher Funds Support, Says Report

Budget: The government has set a target of creating 1 lakh digital villages in the next five years with an aim to foster financial inclusion

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Fuel Rates Hiked Across Metros, Check Petrol, Diesel Prices Here

Oil marketing companies review the domestic fuel prices on a daily basis and any revisions are implemented at the fuel stations with effect from 6 am

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Indian Space Start-Ups On Fundraising Spree Ignites Investors' Interest

The state-run Indian Space Research Organization, currently preparing for its second lunar mission, has a monopoly on launching rockets in the country

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Budget 2019: Centre Plans To De-Merge 3 State-Run Insurers, Says Report

Post de-merger, a fresh assessment could be made about privatising some of the insurance operations by offering them to strategic investors

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Budget 2019: PM Modi Interacts With Economists, Industry Experts

Finance Minister Nirmala Sitharaman will be presenting the full Budget for 2019-20 on July 5 in the Lok Sabha. It will be first full Budget of the PM Modi 2.0 government.

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Infosys Creates 36% Return For Shareholders in Financial Year 2019

Addressing shareholders, Nandan Nilekani said as part of its capital allocation policy, the company returned Rs 13,000 crore to investors in FY19.

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Niti Aayog Asks Bike Makers To Draw Up Plan For Electric Vehicles: Report

India is one of the world's largest two wheeler markets with sales of more than 2 crore scooters and motorbikes last year.

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Explained: Tax Benefits Under National Pension System (NPS)

PFRDA has appointed NSDL (National Securities Depository Limited) as Central Recordkeeping Agency (CRA) for National Pension System. CRA issues Permanent Retirement Account Number (PRAN) to each...

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Budget 2019: Printing Of Documents Begins With "Halwa Ceremony"

Finance Minister Nirmala Sitharaman will present the full-year Budget for 2019-20 on July 5. It will be the first budget of the Prime Minister Narendra Modi government in its second term.

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Government Raises Concerns Over Rising Oil Prices With Saudi Arabia

Mr Pradhan told Khalid al-Falih by telephone that he wanted Saudi Arabia to play an active role within OPEC and OPEC+ to keep oil prices at a reasonable level.

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Charges Levied By State Bank Of India (SBI) Credit Cards

According to financial planners, the user must have a clear idea of the features, rewards and the charges payable in detail to make the most of his/ her credit card.

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IndiGo, Air India, Vistara Announce New Routes, Details Here

The announcements from the airlines come at a time when the suspension of flights by Jet Airways has led to surplus demand in the country's civil aviation market.

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Aadhaar Number To Be Accepted For GST Registration: Here Are 5 Things To Know

"It has been decided to allow the use of Aadhaar by businesses to register with GST-Network," Revenue Secretary Ajay Bhushan Pandey said addressing a press conference after the 35th GST Council...

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GST Council Focus Now On Easing Compliance, Curbing Tax Evasion

The GST Council on Friday decided to introduce electronic invoicing system in a phase-wise manner for business-to-business or B2B transactions.

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India Becomes Investment Darling For Sovereign Wealth, Pension Funds

Prime Minister Narendra Modi's election win last month consolidated his party's power base and is expected to stimulate further foreign investment.

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GST Council Extends Return Filing Date, No Relief For Auto, Realty Sector

Easing the enrolment process for new firms, the Council decided to allow the use of 12-digit Aadhaar number for getting GST registration.

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Gold Discounts In India Widen To Highest In Almost Three Years

Premiums in top gold consumer China ranged from $14 to $20 an ounce over the global benchmark, up from $10 to $12.50 in the previous week.

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Reliance Capital Redeems Commercial Paper Worth Rs 875 Crore

The company also said that credit rating agency ICRA has revised the ratings on its short-term debt programme of Rs 950 crore to A4 on April 26, 2019.

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Rupee Ends Lower At 69.58 Against Dollar

Safe-haven assets like the yen rose after reports said US President Donald Trump had approved military strikes against Iran, but later decided against it.

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An Investment Plan That Lowers Market Risk And Doesn't Pinch Your Pocket

An SIP allows investor to contribute regularly to the selected mutual fund scheme based on one's financial goal, time horizon and risk profile.

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Steel Ministry Seeks Higher Duties To Deter Chinese Imports

The steel ministry has proposed the higher duties as part of its recommendations to the finance ministry for the upcoming 2019-20 budget that is due out on July 5.

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Opinion: Expect Industry Status For Real Estate Sector

The Indian real estate sector is the most highly taxed with the combination of high direct and indirect taxes, stamp duties and levies for development approvals.

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Gold Prices Rise For Fourth Straight Day: Key Things To Know

Gold prices have rallied 10 per cent for the year 2019 on economic uncertainty and trade war concerns.

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How To Update Aadhaar Details, Check Updation Status Online

Aadhaar card online services: Through the UIDAI's "self-service" portal, Aadhaar holders can apply for a change in the address fed into the Aadhaar database and even check for the status of their...

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Sensex Falls Over 400 Points, Nifty Settles Below 11,750

Yes Bank was top loser in the Nifty 50 basket of shares. The stock fell 4.5 per cent to close at Rs 109.40 on the NSE.

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LIC Jeevan Shanti Plan: Premiums, Pensions, Other Benefits Here

LIC Policy: Life Insurance Corporation (LIC) of India apart from offering term and endowment insurance plans is also offering pension plans. LIC Jeevan Shanti is one of the pension plans being offered...

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Government To Reduce Bank Lending Rate For Exporters: Piyush Goyal

Piyush Goyal said the government is working with the RBI as well as private banks to reduce lending rates for exporters.

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Sensex, Nifty Extend Losses Led By Declines In HDFC, Reliance Industries

All sector gauges barring the Nifty PSU Bank index were trading lower led by the Nifty Pharma and Nifty Auto Indexes 1.3 per cent decline.

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Nirmala Sitharaman Holds Pre-Budget Meeting With State Finance Ministers

Nirmala Sitharaman had earlier reviewed the state of the economy and discussed various budget-related suggestions and proposals at a meeting with financial sector regulators.

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Wealth, State Pension Funds Expand Horizons To Private Markets In India

Prime Minister Narendra Modi's election win last month consolidated his party's power base and is expected to stimulate further foreign investment.

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Walmart To Pay Over $282 Million To Settle Anti-Corruption Charges

Walmart agreed to pay more than $144 million to settle the SEC's charges and approximately $138 million to resolve parallel criminal charges by the Department of Justice, for a combined total of more...

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Opinion: Clarity On Taxes To Boost Investor Confidence In Start-Up Ecosystem

Start-ups need clarity on taxes. It would also be helpful if they are offered hand-holding, especially when it comes to compliances and regulatory affairs.

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United States Has No Plans To Cap H-1B Work Visas: State Department

There is no country-specific limit on the 85,000 H-1B work visas the United States issues every year, and an estimated 70 per centof them go to Indians.

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Government Likely To Let Budget Deficit Rise As Tax Receipts Fall Short

Slipping fiscal discipline would hurt the "credibility" of the budget and in turn hit investment, the bond market and the rupee, analysts say.

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Sensex Falls Over 150 Points, Nifty Slips Below 11,800

The Sensex and Nifty had ended 1.25 per cent and 1.20 per cent higher on Thursday.

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S&P 500 Hits Record High As Federal Reserve Signals Rate Cuts

The benchmark S&P 500 index, which has risen 7% so far in June and is on track to recoup its previous month's losses, hit an intraday record high of 2,956.20 on Thursday

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62% Indian Professionals Scared Of Fast Changing Skills: Survey

The study is based on survey of over 4,000 employees and 844 learning and development professionals across Australia, India, Japan, and Singapore

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Rupee Ends Higher At 69.44 Against Dollar

At the interbank foreign exchange market, the domestic currency closed up by 24 paise or 0.34 per cent at 69.44, a level not seen since June 12

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Bankruptcy Court Admits Insolvency Plea Against Jet Airways

The insolvency process will allow lenders led by State Bank of India to sell the company as a whole or sell its assets

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India Says In Talks With United States On H-1B Visas

India is also working on a broad data protection law that would impose strict rules for domestic processing of data it considers sensitive.

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GST Council To Consider Tax Cut On Electric Vehicles

To give a push to manufacturing electric vehicles, the Council will consider slashing GST rates to 5 per cent from 12 per cent

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Clear Indication Of Economy Losing Traction: Shaktikanta Das

Mr Das noted that "growth impulses have clearly weakened", while the headline inflation trajectory is projected to remain below 4 per cent throughout 2019-20 even after considering the expected...

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IRCTC Rules For Online Ticket Cancellation Explained Here

IRCTC or Indian Railway Catering and Tourism Corporation, the e-ticketing arm of Indian Railways, has set certain refund rules for its cancelled tickets. Once the tickets are cancelled, the refund is...

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H1-B Visa Caps To Squeeze Businesses, Jobs, Says Nasscom

US Visa: The United States told India it is considering caps on H-1B visas for nations that force foreign companies to store data locally.

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Gold Prices Jump To Cross 34,000 Rupee-Mark: 5 Things To Know

In Delhi, gold of 99.9 per cent and 99.5 per cent purity zoomed Rs 280 each to Rs 34,020 and Rs 33,850 per 10 grams, respectively.

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SBI Doesn't Need You To Maintain Any Particular Balance In This Account

SBI account without minimum balance restrictions: Besides the Basic Savings Deposit Balance (BSBD) account, other SBI accounts that are free from minimum balance restrictions include financial...

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GoAir Offers Domestic Flight Tickets From 899 Rupees

GoAir's sale - for which bookings are open till June 23 - is valid for travel between July 1 and September 30.

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Recurring Deposit Interest Rates: Here's What Small Finance Banks Pay

A recurring deposit (RD) account allows the investor to put in a fixed amount of funds at regular intervals; for instance, every month.

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Sensex Surges Nearly 500 Points, Nifty Settles Above 11,800

The S&P BSE Sensex and NSE Nifty 50 Indexes staged a sharp upmove led by gains in ICICI Bank, Reliance Industries and Larsen & Toubro.

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Why 5G Is The Next Headache For Some Of India's Billionaires

Operators may soon decide how much more pain they can endure for a high-speed wireless network that can offer better user experience.

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IRCTC Tourism: Dubai, Abu Dhabi Tour Package Itinerary, Cost, Hotels Here

IRCTC Tourism: The travellers will be flown to Sharjah on an Air Arabia flight from Mumbai and upon arrival at Sharjah they would be taken to Dubai.

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Jet Airways Shares Rebound, Surges 76% From Record Low

Jet Airways stopped flying on April 17 after it ran out of cash and the unpaid lessors took away most of its operational airplanes

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Rupee Off Day's High Of 69.47 Against Dollar Amid Volatile Trade

Rupee vs dollar today: Rupee vs dollar: Foreign funds pulled out Rs 97.05 crore from the capital markets on a net basis on Wednesday, provisional data showed. The rupee opened higher at69.47 against...

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Rupee Bets Turn Bearish For First Time Since February: Poll

Investors had turned bullish on the rupee in March for the first time in nearly a year when billions of dollars worth of foreign funds poured into India ahead of general election.

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Income Tax Bar May Be Raised In Budget To Revive Economy: Report

Any tax exemptions will add stimulus to an economy that's slowed sharply this year, with growth reaching a five-year low of 5.8 per cent in the first three months of the year.

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United States Tells India It is Mulling Caps On H-1B Visas: Report

The plan to restrict the popular H-1B visa programme, under which skilled foreign workers are brought to the United States each year, comes days ahead of US Secretary of State Mike Pompeo's visit to...

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Bond Yield Hits 20-Month Low After US Central Bank Signals Rate Cut

The benchmark 10-year bond yield was at 6.75 per cent, as of 9:15 am, its lowest level since October 17, 2017, and down 9 basis points from its previous close.

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Sensex Falls Over 150 Points, Nifty Below 11,650: 10 Things To Know

Domestic stock markets started Thursday's session on a lower note, despite a positive trend in global markets after the US central bank hinted at a reduction in interest rates going forward. The S&P...

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Nirmala Sitharaman Discusses Budget Proposals With Top Officials

Nirmala Sitharaman will present the first budget of the Modi 2.0 government on July 5 against the backdrop of India's economy hitting a five-year low growth of 6.8 per cent in 2018-19

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Site For Saudi Aramco, Abu Dhabi National Oil Refinery Identified

The 1.2 million barrels per day refinery and associated petrochemical project is seen as a game changer - offering India steady fuel supplies and meeting Saudi Arabia and ADNOC's need to secure...

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How To Select The Best Fixed Deposit (FD) For Your Savings

Organisations such as post offices, public, private, and small finance banks and non-banking financial companies offer the facility of an FD account.

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How Is The Budget Prepared? Here Are Five Things To Know

The President's recommendation is required to be obtained for introduction and consideration of Budget in Lok Sabha. The budget is presented in Lok Sabha after President's recommendation.

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HDFC To Buy 51.2% Stake In Apollo Munich Health Insurance

Post the deal, Apollo Munich is proposed to be merged with HDFC ERGO General Insurance Company

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Budget 2019: Industry Body Calls For Raising Income Tax Slabs

Budget 2019 expectations: FICCI has also called for abolishing surcharge for those who have total income above Rs 50 lakh and Rs 1 crore.

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Time to Take Money Out of Stocks, Says Top Life Insurer

SBI Life expects earnings at country'stop 50 companies to rise as much as an average of 14 per cent in the financial year that started April 1.

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How To Download A Copy Of Your Aadhaar Card On A Device

Aadhaar card download: Called "Download Aadhaar", an online tool provided by the UIDAI enables Aadhaar holders to download a digital password-protected digital - or electronic - copy of the Aadhaar...

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Gold Prices Edge Higher: 5 Things To Know

In Delhi, gold of 99.9 per cent and 99.5 per cent purity advanced by Rs 20 each to Rs 33,740 and Rs 33,570 per 10 grams, respectively

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Sensex Ends Volatile Session Higher Led By HDFC, Kotak Bank

S&P BSE Sensex and the NSE Nifty 50 Indexes ended today's volatile session marginally higher led by gains in HDFC, Kotak Mahindra Bank and HDFC Bank.

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Public Provident Fund Features, Interest Rate, Partial Closure And More

Public Provident Fund (PPF), a retirement planning-focused instrument, comes under "exempt, exempt, exempt" (EEE) tax status. This means that the returns, the maturity amount and the interest income...

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Opinion: India's Exotic Funds Are a $40 Billion Time-Bomb for Investors

Exotic funds, designed for wealthy investors, have grown to $40 billion from nothing in just seven years, expanding by 71% in the 12 months through March

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Air India, Vistara Announce New Routes, Offer Discount On Flight Tickets

The announcements from Air India, Vistara come at a time when there is an additional demand in the country's civil aviation market

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Here Is Why Monsoon Is Critical For The Economy

India Meteorological Department (IMD) has forecast average rainfall in 2019, while the country's only private forecaster Skymet has predicted below-normal rainfall.

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Sensex, Nifty Off Day's Highs; Indiabulls Housing, Yes Bank Top Losers

Mid- and small-cap shares were underperforming their larger peers as the Nifty Midcap 100 Index declined 0.8 per cent.

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Facebook Unveils Plans For Global Cryptocurrency 'Libra'

Facebook and some two dozen partners on Tuesday released a prototype of a cryptocurrency called Libra, whose rollout as global digital money is expected next year.

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RBI Penalises HDFC Bank For Violating Know Your Customer Norms

The Reserve Bank of India (RBI) has imposed a fine of Rs 1 crore on private sector lender HDFC Bank for violating norms related to know your customer.

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Jet Airways Shares Crash, Slump Nearly 30% To Hit New Record Low

Investors' wealth in Jet Airways has been eroded massively as its market value has fallen from Rs 1,861.86 crore to Rs 330 crore.

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Government Needs To Encourage Banks To Lend To Realty Developers: Experts

Experts say growth in the real estate sector seems stagnant and immediate solutions are not expected, however the government is urged to take steps to boost liquidity.

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Sensex Jumps Over 300 Points, Nifty Crosses 11,750 Mark

The Sensex and Nifty had ended 0.22 per cent and 0.17 per cent higher respectively on Tuesday, snapping a four-day losing streak.

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Sebi Allows Exchanges To Introduce Futures On Commodity Indices

Sebi said that it has now decided "to permit recognized stock exchanges with commodity derivative segment to introduce futures on commodity indices"

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PM Modi Meets Key Secretaries To Finalise 100-Day Agenda: Report

The meeting is also expected to clear a 5-year vision for government with view to achieve $5-trillion economy goal in the shortest possible time-frame

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Latest Fixed Deposit Interest Rates Paid By Public, Private Banks

Unlike stocks and mutual funds, fixed deposits offer assured returns as they are unaffected by market volatility, experts say

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India Ratings Downgrades Punjab National Bank's Rs 6,750-Crore Bonds

The rating of the AT1 bond signifies the weakness in the standalone operations of the bank, India Ratings said

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Vistara Announces 62 New Flights, Check Schedule Here

"These new flights represent an over 50 per cent increase in the size of network, with 170 flights a day across 24 destinations operated by a fleet of 23 Airbus A320 and 6 Boeing 737-800NG aircraft"...

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Budget 2019: Here Are 10 Important Terms You Should Know

From economists to analysts to tax experts to the general public, all eyes remain on Budget announcements for any signs of changes in policy in the coming period.

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Lenders File For Jet Airways' Bankruptcy; Hearing From Wednesday

The lenders have been trying to sell the airline as a going concern since the past five months, but failed due to many a reason.

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Rupee Closes Higher At 69.70 Against Dollar

The dollar fell against its major rivals before the US Federal Reserve's meeting amid expectations that the central bank may signal a rate cut.

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Before July 5, Know All About Union Budget Documents

Budget 2019: The upcoming budget follows an interim budget presented by the government in February 2019, the last ahead of the general elections. The July 5 Budget will be the first by the NDA...

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Domestic Air Passenger Traffic Rises 2.96% In May

IndiGo maintained its lead position with 49 per cent share of the domestic passenger market in May, the data showed.

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LIC New Money Plan-20 Years: Premium, Money Backs, Other Benefits Here

LIC Insurance: Any individual in the age group of 13 years and 50 years can buy the LIC New Money Back Plan-20 Years for minimum sum assured of Rs 1 lakh. There is no maximum limit for the sum...

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Gold Prices Break 2-Day Falling Streak: 5 Things To Know

In Delhi, gold of 99.9 per cent and 99.5 per cent purity rose by Rs 100 each to Rs 33,720 and Rs 33,550 per 10 grams, respectively

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Sensex, Nifty Halt 4-Day Losing Spree Led By Gains In ICICI Bank, Infosys

Jet Airways stock plunged as much as 53.72 per cent to a record low of Rs. 31.65 in intraday trade on the National Stock Exchange (NSE).

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Vistara Offers Flight Tickets From 1,299 Rupees, Details Here

Vistara's sale, which is applicable on one-way economy, premium economy and business class bookings, is valid for travel between July 3 and September 26, 2019

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Jet Market Value Halves After Lenders Drag Airline To Bankruptcy Court

According to news agency Reuters, insolvency proceedings against Jet Airways are likely to begin this week.

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RBI To Review Data Storage Rules For Payment Firms: Government

The RBI last year mandated companies to store their payments data "only in India" so that the regulator could have "unfettered supervisory access".

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Lenders To Begin Insolvency Proceedings Against Jet Airways

National Company Law Tribunal (NCLT) could hear insolvency petitions filed by the airline's operational creditors for recovery of dues on June 20.

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Opinion: Economic Situation To Weigh Heavily On Resource Allocation Decisions

With an allocation of Rs 4,04,365 crore in 2018-19, the Ministry of Defence's total allocation accounts for about 17 per cent of the central government expenditure, though in terms of its share in...

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Before July 5, Here's A Look At Major Announcements In Last Five Budgets

Budget 2019: Finance Minister Nirmala Sitharaman will present the full-year Budget for 2019-20 on July 5. That would mark the first Budget by the NDA government after returning to power in May 2019.

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Chinese Banks Demand $2.1 Billion From Embattled Anil Ambani's Firm

Anil Ambani's older sibling and Asia's richest man Mukesh Ambani's Reliance Jio Infocomm Ltd. had earlier offered to purchase RCom's assets in a Rs 17,300-crore deal, which would have helped partly...

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Sensex, Nifty Rise After Fitch Retains India FY21 Growth Forecast

The Sensex and Nifty had closed 1.25 per cent and 1.28 per cent lower respectively on Monday, extending declines to a fourth day in a row.

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Air India To Start New Domestic, International Flights. Check Routes Here

Air India will commence flights on the Mumbai-Patna-Amritsar and Mumbai-Nairobi routes from September 27. The announcement comes at a time when the suspension of flights by Jet Airways has led to...

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RBI May Cut Rates By Another 25 Basis Points In 2019: Fitch

The RBI cut the repo rate to 5.75 per cent on June 6, its third cut in 2019, while also changing its policy stance to "accommodative"

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IndiGo Drops Pratt & Whitney For CFM's Jet Engines In $20 Billion Order

CFM will provide the 1LEAP-1A engines to power 280 A320neo and A321neo jetliners already on order from Airbus by the Delhi-based budget carrier.

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RBI Won't Hesitate To Take Steps For Financial Stability: Shaktikanta Das

The liquidity crisis in the non-banking financial companies (NBFCs) came to light when IL&FS defaulted on a commercial paper in September

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Government Releases New Income Tax Compounding Rules

CBDT has issued a revised 32-page guideline for 'compounding of offences under direct tax laws, 2019' which will be executed under the I-T Act, 1961

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Jet Airways' Lenders To Take Airline To Bankruptcy Court

Once India's biggest private carrier, Jet Airways was forced to stop flying in April after running out of cash.

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Budget: Industry Body Pitches For Electric Vehicle Priority Lending

India has so far been rather slow in adopting green vehicles for reasons ranging from poor infrastructure, low speed to unaffordable prices.

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Fitch Cuts India Growth Forecast To 6.6% For 2019-20

India's GDP growth declined for the fourth consecutive quarter in January-March, with the economy expanding by 5.8 per cent

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ICICI Bank Revises Fixed Deposit Interest Rates, Details Here

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

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Summer Crop Sowing Delayed By 2 Weeks On Slow Monsoon Progress

Monsoon rainfall was 43 per cent lower than normal so far in June, but in some states, such as Maharashtra, the rainfall deficit was as high as 68 per cent, data compiled by the state-run India...

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Maharashtra Economic Survey Pegs State Growth At 7.5% In 2018-19

According to Economic Survey, the service sector has shown a growth of 1 per cent over last year. It is estimated at 9.2 per cent for year 2018-19.

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

In Delhi, gold of 99.9 per cent and 99.5 per cent purity declined by Rs 100 each to Rs 33,620 and Rs 33,450 per 10 grams, respectively

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Sensex Falls Nearly 500 Points To Close Below 39,000

The Sensex plunged 491 points or 1.25 per cent to settle at 38,960 and the NSE Nifty Index fell 1.3 per cent or 151 points to shut shop at 11,672.

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Government May Reintroduce Of Infra Tax-Free Bonds In Budget: Report

In infra, it is the highways where the government had increased allocation by 6 per cent and set aside Rs 83,000 crore for the 2019-20 interim Budget.

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New Power Projects May Get Investment-Linked Deductions In Budget: Report

The power sector, which got a 10-year tax holiday till March 31, 2017, under the provision of an earlier Section 80-IA (profit linked incentive), was not included under the investment-linked tax...

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Industry, Government Finances At Graver Risk From Drought: Experts

The economy, reeling under a consumption slowdown owing to farm distress, stagnant wages and high interest costs, will be hit hard by such a weather phenomenon.

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Budget 2019: Telecom Tower Firms Seek More Relief, Priority Lending

A higher depreciation rate for these batteries can help higher adoption of these batteries, which can decrease dependence on diesel for power back-up, according to the telecom tower industry body....

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Shadow Banking Crisis Raises Risk Of Indian Bad-Loan Redux

Loans from the shadow banking sector expanded rapidly in the period up to the IL&FS defaults, a time in which the regulated banks were in the depths of a bad-loan crisis, weighed down by some $200...

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Sensex, Nifty Extend Losses Led By Decline In RIL, Axis Bank

S&P BSE Sensex and NSE Nifty 50 Indexes extended losses led by declines in bluechip shares like Reliance Industries, Axis Bank and Larsen & Toubro.

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Yashovardhan Birla Declared Wilful Defaulter By UCO Bank

UCO Bank said the account was declared a non-performing asset (NPA) on June 3, 2019.

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Budget 2019: Need Import Duty Relief On Lifesaving Equipment, Says FICCI

The industry body, Federation of Indian Chambers of Commerce and Industry (FICCI) in its Pre-Budget Memorandum, has demanded that Foreign Direct Investment (FDI) regime should be liberalised for...

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Higher Deduction Against Home Loan Interest To Boost Realty Sector: FICCI

It is recommended the exemption should be increased to at least Rs 3 lakh per annum, according to Ficci.

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Industry Body Calls For Tax Exemption On Preventive Health Check-Ups

Union Budget: FICCI has demanded that the employers get a separate annual deduction of upto Rs 10,000 per employee, towards expenses incurred for sponsoring the health check expenses of their...

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Sensex Falls Over 150 Points, Nifty Slides Below 11,800

The Sensex and Nifty had ended 0.73 per cent and 0.76 per cent per cent lower respectively on Friday, extending losses to a third session in a row.

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Recurring Deposit Interest Rates: Here's What Small Finance Banks Pay

A recurring deposit (RD) account allows the investor to put in a fixed amount of funds at regular intervals; for instance, every month.

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Budget 2019: Aluminium Producers Seek Import Duty Hike

Aluminium sector is also one of the largest job creators with more than 8 lakh direct and indirect employment

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Automobile Slowdown Hits Component Manufacturers In Chennai

The Society of Indian Automobile Manufacturers, or SIAM, says car sales has dropped by 26 per cent in May compared to last year

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Post Office Monthly Income Scheme: Interest Rate And Other Details Here

The maximum investment limit is Rs. 4.5 lakh in a single post office monthly income scheme account and Rs. 9 lakh in a joint account

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Start-Ups Urge Government To Address Digital Infra, Tax, Data Issues

Experts and representatives also gave suggestions related to enhancement of public services through data analytics

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Budget: Tax-Free Bonds For Infra Firms May Be Re-Introduced, Says Report

The Interim Budget had allocated the highest-ever budgetary support of Rs 83,016 crore to the highways sector

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What Is Economic Survey? Here Are Key Things To Know

The Economic Survey is presented ahead of the Budget for the ensuing year. The government is due to present the full Budget in Parliament on July 5.

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

State-run oil marketing companies review the domestic fuel prices on a daily basis and any revisions are implemented at the fuel stations with effect from 6 am

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Geopolitical Tensions, Trade War To Impact Equity Indices: Experts

Higher crude oil price and upcoming full-fiscal Budget for 2019-20 will make investors cautious, experts said

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Five Investment Options That Offer Safe Returns

For risk-averse investors, fixed income instruments - which guarantee a specific rate of return - are ideal, say experts.

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Fixed Deposit Interest Rates: Here's What Post Office And Banks Pay

Fixed deposit accounts can be created by visiting a bank branch or even online. These days, most banks offer the facility of opening fixed deposits online.

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ThyssenKrupp Appoints Premal Desai As CEO For Steel Division

Andreas Goss will resign from his position as Chief Executive Officer by mutual agreement as of Saturday.

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Budget 2019: Key Things To Know Before July 5

The economic survey will be tabled on July 4 followed by the presentation of the budget on the next day. The session will have a total of 30 sittings.

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Fuel Demand In May Remain Unchanged, Points To Sluggish Economy: Report

Cooking gas, or liquefied petroleum gas (LPG), rose marginally to 2.06 million tonnes.

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Check Out Charges Levied By SBI For Different Facilities

There are no account opening and closure charges for SBI customers, according to the website of SBI.

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IndiGo's 'Summer Sale' Extended, Flight Tickets Start From 999 Rupees

The sale - applicable for travel between June 26 and September 28 - comes amid high competition among carriers operating in the country's civil aviation market.

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Gold Discounts At Five-Month High In India

Dealers in India, which is also the world's second biggest bullion consumer, were offering a discount of $7 an ounce over official domestic prices, the highest since mid-January.

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Rupee Ends Lower At 69.80 Against Dollar

Meanwhile, the 10-year government bond yield was at 6.92 per cent on Friday.

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Exports Up 3.93% In May; Trade Deficit Widens To $15.36 Billion

Oil imports rose by 8.23 per cent to $12.44 billion and non-oil imports expanded by 2.9 per cent to $32.91 billion during the month under review.

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Government To Introduce Special Economic Zones Amendment Bill

The Central government will introduce the Special Economic Zones (Amendment) Bill, 2019 in the ensuing session of the Parliament.

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GST On Cars, Bikes To Be Brought Down? Here's What Analysts Say

While the auto sector dominates the wish-list for now, experts also feel a relief to the salaried taxpayers and further rationalisation of GST rates will benefit all.

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Dairy Board Urges Nirmala SitharamanTo Rationalize Taxes On Dairy Items

An official NDDB's press release stated on Wednesday that Mr Rath also impressed upon the finance ministry to increase export incentives.

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Special GST Benefit Should Be Given For Spectrum Payment: Industry Body

The number of telecom subscribers in the country stood at 1,183.51 million at the end of March 31, 2019, according to TRAI data.

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Walmart's Flipkart, Startup GOQii Settle Dispute Over Sharp Discounting

In a joint statement on Friday, the companies said the dispute had been resolved and GOQii health devices would again be available on Flipkart.

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Hike In Deduction On Home Loan Interest To Boost Realty Sector: Assocham

Industry body Assocham has recommended an increase in interest deduction on home loan to Rs 5 lakh from the current Rs 2 lakh.

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10 Big Investment Mistakes You Should Avoid

Delaying investments is one of the biggest and most common financial mistakes one can make. Majority of people don't start investing in their early age which can result in lower accumulation of...

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Gold Prices Rise On Fresh Buying, Strong Global Trend

Tracking gold, silver also surged by Rs 550 to Rs 38,400 per kg on increased offtake by industrial units and coin makers.

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Opinion: Faster Bank Recapitalisation To Improve Liquidity Situation

The distress in rural demand and the ongoing agrarian crisis are taking a toll on the agriculture sector.

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Budget: From Slowing Growth To Low Demand, Key Challenges For The Economy

Analysts, investors and economists expect the government to address these concerns in its upcoming full-year Budget, scheduled to be presented in Parliament on July 5.

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Sensex, Nifty Fall For Third Straight Session Led By Decline In Banks

All the 11 sector gauges compiled by National Stock Exchange ended lower led by the Nifty Media Index's 2.3 per cent decline.

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Civil Aviation Minister Says Confident Jet's Problems Will Be Solved

The airline and its lenders have been searching for new investors, while employee unions have been calling for government intervention.

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Budget: Industry Body For Hike In 80C Income Tax Deduction To Rs 3 Lakh

Budget 2019: Assocham, in its Pre-Budget Memorandum has demanded that the deductions under the Section 80C of the Income Tax act should be increased to Rs 3 lakh from existing deduction limit of Rs...

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Nirmala Sitharaman Discusses Infra Capital Requirements With Stakeholders

With an eye on creation of sustainable and stable opportunities, suggestions from the representatives of included containment of the rising cost of projects, rationalisation of levies and introduction...

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Farmers To ContributeRs 100 Per Month Under PM-Kisan Pension Yojana

Discussing the new scheme with state agriculture ministers through a video conference, Union Agriculture Minister Narendra Singh Tomar urged all states and union territories to roll out the programme...

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Wholesale Inflation Eases To 2.45% In May: Report

Wholesale inflation is the rate of increase in wholesale prices and is gauged by Wholesale Price Index (WPI).

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Rupee Edges Lower To 69.60 Against Dollar

The rupee was on course to finish the week on a lower note against the US currency.

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Airlines Announce New Routes, Offer Discount On Flight Tickets

These announcements come at a time when suspension of flights by Jet Airways has led to additional demand in the country's civil aviation market

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Sensex Falls Over 150 Points, Nifty Near 11,850

The domestic equity markets had ended on a mixed note on Thursday, with the Sensex falling 0.04 per cent and the Nifty settling 0.07 per cent higher.

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Government Cuts Employees' State Insurance Contribution Rate To 4%

The reduced rates will take effect from July 1, 2019, the Ministry of Labour said in a release. It would benefit 3.6 crore employees and 12.85 lakh employers.

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Government Alleges Audit Violations By Deloitte, KPMG Arm In Fraud Case

The auditing firms gave clean audit reports and "deliberately" failed to report fraudulent activities at IFIN, said a 214-page tribunal filing.

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IndiGo Announces New Flights, Offers Tickets From Rs 1,499

Bookings for the flights are open via airline's official website with immediate effect, IndiGo said in a statement.

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Cyclone Vayu: Western Railway Cancels Trains, Here's The Full List

IRCTC: In addition to this, various safety and security precautions are also being taken by Western Railway for train passengers of these prone areas under its jurisdiction -Veraval, Okha, Porbandar,...

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SBI Doesn't Need Any Capital From Government: Chairman Rajnish Kumar

In March, SBI raised Rs 1,251 crore in bonds to boost its additional Tier 1 capital ratio. Its board has extended the deadline to raise Rs 20,000 crore till March next year.

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Shadow Banks Liquidity, Bad Debt Issue Figure In Pre-Budget Meet

A Finance Ministry statement also said that capital infusion in PSBs and a separate bond exchange were among the other issues discussed

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Gold Rates Remain Unchanged: 5 Things To Know

In Delhi, gold of 99.9 per cent and 99.5 per cent purity held steady at Rs 33,570 per 10 grams and Rs 33,400 per 10 grams, respectively

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Here Are 10 Interesting Facts You Should Know About Union Budget

The newly appointed Finance Minister Nirmala Sitharaman will present the full Budget for 2019-20 on July 5 in the Lok Sabha. An budget is an annual financial statement of a government's finances which...

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Scale Of Indian Market Allowing Google To Develop New Products: CEO

Sundar Pichai also said that India and the US can lead on standardisation of privacy frameworks

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Sensex, Nifty End Flat; Yes Bank Falls Most In Over Six Weeks

Eleven of 19 sector gauges compiled by BSE ended lower led by the S&P BSE Information Technology Index's 0.9 per cent decline.

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Foreign Investment In India Grew By 6% In 2019: UN Body

The US was the world's top recipient of FDI with $252 billion and was followed by China, which got $139 billion in FDI

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Reliance Capital Says PWC Observations "Baseless, Unjustified"

Reliance Capital said it was confident that the independent report of the continuing auditor will establish that there are no irregularities

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Indiabulls Housing Shares Rise As Writ Petition Withdrawn

The company said on Wednesday the petitioner had admitted in court that the petition was defective in nature and that he would approach the court after rectifying it.

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Sugar Production Could Drop 15% As Drought Hits: Report

The monsoon usually covers the cane growing areas of Maharashtra by June 10, but it is yet to arrive this year, weather department data shows.

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Jet Airways Stock Plunges As Bourse Moves To Limit Speculative Trading

At its lowest in the current trading session, the stock had fallen as much as 65 per cent since the airline shut down its operations in April.

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When And Where To Watch Nirmala Sitharaman's First Budget Speech

Budget 2019: The Budget speech will begin around 11:00 am on July 5 and Finance Minister Nirmala Sitharaman will start the speech by addressing it to the speaker of Lok Sabha.

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Industry Body CII Lists 10 Reform Ideas To Boost Economic Growth

In the pre-Budget consultation meeting with Union Finance Minister Nirmala Sitharaman, the Confederation of Indian Industry (CII) suggested 10 reform ideas to boost economic growth. According to a...

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Budget 2019: What To Expect From Nirmala Sitharaman's Maiden Budget

Narendra Modi-led second National Democratic Alliance government will announce its first full Budget for financial year 2019-20 on July 5.

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Opinion: New Signs That India's Economy - and Credibility - Is In Crisis

Now, Arvind Subramanian, a well-regarded economist who was till last year one of PM Narendra Modi's most senior advisers, has argued in a Harvard working paper that the country's official figures...

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Adani Wins Final Approval To Begin Work On Australia Coal Mine Project

The mining company is now expected to start construction at the site within days. The State Department of Environment and Science said in a statement that it has approved the most recent version of...

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IndiGo Announces New Flights, Offers Tickets From Rs 4,499

IndiGo's new flights will begin from July 5 and bookings on these routes are open with fares starting at Rs 4,499

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Rupee Edges Lower Against US Dollar

After opening marginally higher against the greenback at 69.37, the rupee moved to 69.38 in the first hour of trade.

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Sensex Falls Over 100 Points, Nifty Near 11,850 Mark

Infosys, IndusInd Bank and Yes Bank were the biggest drags on the Sensex.

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IndiGo Selects French-US Engine Maker CFM For Mega Order: Report

The French-US engine maker, owned by General Electric and France's Safran, has been competing with the airline's existing engine supplier, Pratt & Whitney, to provide the power for 280 twin-engine...

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National Stock Exchange To Remove Jet Airways Shares From Daily Trading

Shares of Jet Airways have more than halved since the airline shut down its operations in April after its lenders refused to bail it out

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Reliance Capital Shares Tumble After Auditor Resigns

Reliance Capital is an NBFC owned by Anil Ambani, a business tycoon who has struggled with burgeoning debt in many of his group companies lately

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Rupee Closes Higher At 69.34 Against Dollar

The RBI said on Tuesday it will infuse Rs 15,000 crore into the financial system through bond purchases on Thursday

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Consumer Inflation Hits Seven-Month High, Here's What Experts Say

Analysts polled by Reuters had forecast May's annual increase in the consumer price index at 3.01 per cent.

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Check Out Latest Fixed Deposit (FD) Interest Rates Offered By HDFC Bank

Fixed deposit (FD) is a fixed income instrument that yield fixed returns over a pre-defined period of lock-in.

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Consumer Inflation Picks Up To 3.05% In May, Highest In 7 Months

The latest set of inflation data comes days after the Reserve Bank of India (RBI) reduced the repo rate - the key interest rate at which it lends short-term funds to commercial banks - to a nine-year...

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IRCTC Tourism 6-Day Darjeeling, Gangtok Tour: Fares And Other Details

The package includes accommodation in deluxe hotel, vehicle for sightseeing, breakfast and dinner, according to IRCTC Tourism's website.

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Punjab National Bank Admits Loan Defaults Of Rs 25,000 Crore

Of these 1,142, PNB has so far initiated recovery proceedings by filing suits against 1,108 defaulters to recover Rs 23,879.8 crore

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Gold Prices Rise On Strong Global Cues: 5 Things To Know

In Delhi, gold of 99.9 per cent and 99.5 per cent purity rose by Rs 200 to Rs 33,570 per 10 grams and Rs 33,400 per 10 grams, respectively

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IndiGo Announces New International Flights, Check Schedule Here

According to the IndiGo's statement, the new flights are designed to cater to business and leisure travellers who are constantly on the lookout for new and affordable flying options.

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Sensex, Nifty Snap Three-Day Winning Streak As Autos, Banks Fall

Sixteen of 19 sector gauges compiled by BSE ended lower led by the S&P BSE Realty Index's nearly 2 per cent decline.

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RBI Panel Defers Reserves Report For Third Time

The six-member panel, headed by Former RBI Governor Bimal Jalan, which was originally supposed to submit the report in April

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Reckitt Benckiser Names Laxman Narasimhan As Next Chief Executive Officer

Mr Narasimhan joins Reckitt at a time the company is struggling with slower growth, little pricing power and changing consumer habits.

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Price Waterhouse Quits As Auditor Of Anil Ambani's Reliance Capital

The development adds to the mounting list of woes faced by Anil Ambani as he struggles to meet the companies' loan repayments.

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Indiabulls Housing Moves Supreme Court For Listing Of Plea Against It

The petition has alleged that money worth thousands of crores were siphoned off by Sameer Gehlaut, the chairman of the firm, and the directors of Indiabulls for their personal use.

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Sensex, Nifty Extend Losses Led By Declines In Banking Shares

Fourteen of 19 sector gauges compiled by BSE were trading lower led by the S&P BSE Capital Goods Index's 1 per cent decline.

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Passenger Car Sales Fall 26% In May Amid Low Demand: 10 Things To Know

Passenger car sales in the country stood at 1,47,546 units last month, marking a year-on-year decline of 26.03 per cent, data from industry body SIAM or Society of Indian Automobile Manufacturers...

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Ramdev's Patanjali Slides On Sales After Series Of Missteps: Report

Customers were snapping up Patanjali Ayurved's affordable, Indian-made products such as coconut oil and Ayurvedic remedies, in a mounting threat to foreign companies that had bet big on India.

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Sensex Falls Over 150 Points, Nifty Slides Below 11,950

The Sensex and Nifty had ended 0.42 per cent and 0.36 per cent higher on Tuesday, extending the gains to a third session in a row.

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Reliance Industries, BP To Develop Third Gas Project In India

The oil majors sanctioned development of two other projects in the last two years

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Rupee Closes Higher At 69.44 Against Dollar

Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 95.79 crore on Tuesday, provisional data showed

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Dewan Housing Finance Clears Interest On Non-Convertible Debentures

The company also said on Tuesday it will seek rating upgrades from agencies now that it had cleared all its dues on NCDs.

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Check Out Latest Fixed Deposit Interest Rates Of SBI, Post Office

The interest rates on fixed deposits (FDs), which are revised from time to time, vary according to the tenor of a fixed deposit across various maturities. India Post - which operates a network of more...

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Government Seeks Ban On Deloitte, KPMG Arm For Alleged Auditing Lapses

The government is seeking to ban Deloitte Haskins Sells and KPMG affiliate BSR & Associates for five years

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Government Not To Seek Funds For State-Run Bank Recapitalisation: Report

In 2018-19, the government had pumped in the highest-ever infusion of Rs 1.6 lakh crore into PSBs to meet regulatory and growth capital requirements.

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European Union Blocks Thyssenkrupp-Tata Steel Merger Plan

The aim of the merger had been to create the second largest European steel company behind multinational giant ArcelorMittal

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How Income Tax Liability Is Set To Change From Assessment Year 2020-21

Income tax rules (interim Budget 2019): Careful planning of investments as perincome tax lawscan lead to a significant reduction in the assessees' overall tax outgo, say financial advisors.

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Government Withdraws Export Incentive For Onion As Prices Jump

India exports onions mainly to Bangladesh, Malaysia, the United Arab Emirates and Sri Lanka.

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Gold Prices Fall After Two Days Of Gains: 5 Things To Know

In Delhi, gold of 99.9 per cent and 99.5 per cent purity declined by Rs 360 to Rs 33,370 per 10 grams and Rs 33,200 per 10 gram, respectively

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Sensex, Nifty End Higher For Third Day In A Row Led By Banks

Nine of 11 sector gauges compiled by National Stock Exchange ended higher led by the Nifty PSU Bank Index's 1.7 per cent gain.

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Moody's Places Yes Bank Under Review For Downgrade

Shares of Yes Bank pared gains sharply in afternoon trade, and were up 2.7 per cent, as of 09:47 GMT or 3:17 pm IST.

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Delayed Monsoon May Spell Trouble For Farm Sector

Paddy, the primary crop of the kharif season, is likely to be hit as June as well as July are expected to be rain-deficit

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Nirmala Sitharaman To Meet Agriculture Ministry Officials On Tuesday

Under the scheme, interest subvention is provided to NABARD, regional rural banks, cooperative banks, public sector banks and scheduled private sector banks for providing short-term credit to farmers...

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Domestic Passenger Cars Sales Down 26% In May

According to the SIAM, passenger cars sales in the domestic market dropped to 147,546 units from 199,479 units sold during May 2018

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Indiabulls Housing Finance Terms Siphoning Charges As Bizarre

The petition alleged that money worth thousands of crores were siphoned off by Sameer Gehlaut and the directors of the firm for their personal use.

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Sensex Rises Over 150 Points, Nifty Above 11,950 IT, Banking Shares Lead

Sixteen of 19 sector gauges compiled by BSE were trading higher led by the S&P BSE Metal Index's 1.07 per cent gain.

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Anil Ambani Says Reliance Group Will Make Timely Debt Service Payments

Anil Ambani said in the last 14 months, the group has already paid Rs 35,000 crore ($5.04 billion) towards its debt.

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IndiGo Offers Flight Tickets From 999 Rupees

Bookings under the sale, which is valid for travel between June 16 and September 28, can be made till June 14, according to IndiGo.

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IRCTC Offers Hyderabad Tour Package From Rs 13,995/Person, Details Here

IRCTC Tour Package: The cost of package including airfare and stay at three star hotel is Rs 20,545 on single occupancy basis and Rs 15,355 on double occupancy basis.

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Jet Shares Hit Record Low After Report Hinduja, Etihad May Not Invest

Middle Eastern carrier Etihad, which owns an about 24 per cent stake in Jet Airways, had submitted a bid for the grounded airline last month, while family-run Hinduja Group was said to be considering...

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DHFL Shares Fall Over 3%

A plunge in Dewan Housing Finance (DHFL) shares in the past few sessions had refuelled concerns about the financial health of the country's non-banking financial company (NBFC) sector.

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Sensex Rises Over 100 Points, Nifty Moves Above 11,950 Mark

The Sensex and Nifty indexes had ended 0.43 per cent and 0.44 per cent higher respectively on Monday.

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Air India Could Post Over Rs 7,600 Crore Loss In 2018-19: Report

The government had last year set the ball rolling for Air India's disinvestment offering 76 per cent equity stake to private parties

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DHFL Pays Some Investor Dues, Completes Stake Sale In Aadhar Housing

DHFL paid Rs 10.02 crore in interest on four non-convertible debentures (NCD) and principal of Rs 35 crore on one of them.

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Bad Loan Ratio Falls To 9.3% From 11.5% In Financial Year 2018-19: Crisil

The RBI's asset quality review led to a massive spike in NPAs, and was supported with the enactment of the bankruptcy law for resolving the cases.

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Eros Group Says It Is Taking Action To Resolve Loan Payment Delays

Its shares plunged despite assurances from the company that it was working to sort out the delayed payments.

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Two Operational Creditors Take Jet Airways To Company Law Tribunal

The development comes at a time when banks are looking to resolve the once premier airline's debt issues outside the insolvency process

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Rupee Closes Lower At 69.65 Against Dollar

At the interbank foreign exchange, the domestic currency opened at 69.40 a dollar and gained further strength to touch a high of 69.38 during the day

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Indian Railways' Duranto Express, Timings, Schedule, Fare Details Here

IRCTC News: Duranto Express trains are fully air-conditioned and railways currently offers AC tier one, AC tier two and AC tier three coaches for these trains.

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Total Withdrawal Above Rs 10 Lakh A Year May Attract Up To 5% Tax: Report

In its push towards a digital economy, the central government is thinking of introducing a tax of 3-5 per cent on cash withdrawal of Rs 10 lakh in a year

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How To Access UIDAI's Online Services For Aadhaar Card Holders

Aadhaar card UIDAI online services (uidai.gov.in): The UIDAI - the issuer of personal identification cards under the biometrics-based personal identification programme Aadhaar - provides a range of...

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Banks Can Vote Against NBCC's Jaypee Infratech Bid: Tribunal

IDBI Bank, the lead banker to JIL had approached NCLAT seeking permission to vote against public sector construction major's bid

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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 surged by Rs 110 each to Rs 33,730 per 10 grams and Rs 33,560 per 10 grams, respectively

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Sensex, Nifty End Higher For Second Straight Day Led By TCS, Infosys

The S&P BSE Sensex and NSE Nifty 50 Indexes rose for second straight session led by gains in Tata Consultancy Services, Infosys and ITC.

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Inflation Likely To Hit Seven-Month High In May: Poll

The RBI changed its stance to "accommodative" from "neutral" last week and cut interest rates for the third time in a row

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RBI's Revised Circular On Bad Loans A Credit Positive: Moody's

Moody's has also given thumbs up to the RBI's move to extend the circular to NBFC firms on provisioning for NPAs

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Budget May Consider Sops To Small Enterprises Export Units: Report

The other fiscal boosters like cheaper finance of lower interest rates and interest rate subvention can also form part of the incentives

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LIC Jeevan Labh Policy: Premium, Eligibility, Sum Assured, Details Here

LIC Insurance Policy: LIC Jeevan Labh policy comes under three different policy/premium paying terms these are 16 years policy term and 10 years premium paying term, 21 years policy term and 15 years...

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Fuel Rates Continue To Come Down, Check Petrol, Diesel Prices Here

State-run oil marketing companies review fuel prices on a daily basis and any revisions are implemented at the fuel stations with effect from 6 am

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SBI Introduces Repo Rate-Linked Home Loan. Here's What It Means For You

SBI or State Bank of India has introduced repo rate-linked home loans. SBI, the country's largest bank by assets, said in a statement last Friday that it would offer home loans linked to the repo rate...

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IRCTC Tourism 6-Day Kashmir Tour: Fares And Other Details

The tour provided by IRCTC or Indian Railway Catering and Tourism Corporation from Hyderabad will commence on July 25

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Sensex, Nifty Off Day's High As Financial Stocks Recede

The Sensex and Nifty had ended 0.22 per cent and 0.23 per cent higher respectively on Friday.

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Rupee Edges Higher To 69.39 Against Dollar

Rupee vs dollar today: Weakening of the dollar overseas along with strength in the domestic equity markets supported the currency. However, a rise in global oil prices kept the upside in the rupee in...

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DHFL Shares Jump Nearly 10% After Three-Day Fall

DHFL share price today: On the National Stock Exchange, DHFL shares soared as much as 9.84 per cent to trade at Rs 91.50 apiece at the day's strongest point, compared to their previous close of Rs...

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Sensex Jumps Over 300 Points, Nifty Above 11,950

The Sensex and Nifty had ended 0.22 per cent and 0.23 per cent higher respectively on Friday.

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Fixed Deposit Interest Rates Paid By Banks On Deposits Below Rs. 2 Crore

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

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Jaypee Infratech Homebuyers May Stop Paying Monthly Instalments: Report

JIL went into the insolvency process in 2017 after the NCLT admitted an application by IDBI Bank-led consortium seeking resolution of the realty firm

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RBI To Enhance Monitoring Of Shadow Banks: Shaktikanta Das

The comment comes at a time when there are fears that India may be facing a major crisis in its shadow banking sector after shares of mortgage lender Dewan Housing Finance Corp Ltd (DHFL) plunged this...

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Air India, GoAir Offer Discount On Flight Tickets, Details Here

Airlines such as Air India and GoAir are offering discounts on flight tickets on both domestic and international routes

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BSNL Asks Circles To Cut Down On Contract Labour

BSNL has been incurring losses for the last many years and except in 2014-15 where it had got an operating profit of Rs 672 crore.

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Petrol, Diesel Rates Cut Across Metros, Check Prices Here

State-run oil marketing companies review fuel prices on a daily basis, and any revisions are implemented at the fuel stations with effect from 6 am

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Inflation Data, Industrial Growth To Induce Volatility In Equities: Experts

The Central Statistics Office (CSO) is slated to release the macro-economic data points of IIP and CPI (Consumer Price Index) from June 12

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Revised Guidelines On Bad Loans Will Sustain Improvement In Credit Culture: Shaktikanta Das

The revised framework for resolving stressed assets by offering lenders a 30-day period to label an account an NPA but has withdrawn all other resolution methods.

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All You Need To Know About SBI's Zero Balance Savings Account

According to SBI, zero balance savings accounts are primarily meant for economically weaker sections of society to encourage them to start saving without any burden of charges or fees.

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Notes Bank, Aadhaar Spurred Digital Payments Growth: RBI

The study revealed that over the years, the number of debit and credit cards also increased considerably in India.

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How To Access India Post Internet Banking Facilities

Under DOP's internet banking facility, customers can transfer funds from one post office savings bank (POSB) account to another POSB account. Users can also make online deposits from savings bank...

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Air India Offers Discount On Select Flight Tickets

The announcement from Air India comes at a time when full-service carrier Jet Airways has suspended its operations temporarily, leading to additional demand for flights in the country's civil aviation...

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SBI Fixed Deposit Account: Interest Rates, Tenure, Other Details

In a SBI FD account, depositor can park lump sum amount and also avail features like choice of interest payout and liquidity through overdraft (OD) or premature withdrawal, noted the lender on its...

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IRCTC Senior Citizen Concession: Rules And All Details

Concessions in fares are available for male senior citizens of minimum 60 years and female senior citizen of minimum 58 years. The element of concession is 40 per cent for men senior citizens and 50...

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SBI To Link Home Loans To Key Interest Rate From July

It also announced the reduce interest rate on cash credit account and over draft customers with limits of over Rs 1 lakh, from July.

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RBI Imposes Rs 2 Crore Fine On Kotak Mahindra Bank

The RBI said it decided to impose a penalty after reviewing the bank's reply to a notice seeking an explanation about why it had not complied with regulatory norms.

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Cash Deeply Embedded In Payment Systems In India: RBI

Demonetisation and an active growth in GDP brought down the active cash in circulation as a percentage of GDP to 8.7 per cent in 2016.

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India Likely To Receive Lower Rains In June: Weather Office

The weather office has said that monsoon rains are likely to enter India through the southern coast around June 8, delayed by nearly a week.

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Rupee Ends Lower At 69.46 Against Dollar

The rupee had settled at 69.28 against the dollar on Thursday.

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Gold Prices Flip To Discount In India, Premiums Skid Elsewhere

Gold futures in India, the world's second-biggest bullion consumer after China, hit their highest level since March 1, at 32,834 rupees per 10 grams, earlier this week.

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RBI Issues Revised Circular For Resolution Of Stressed Assets

According to RBI's revised guidelines, the lenders can start resolution process for a stressed asset within 30 days of default. "All lenders must put in place Board-approved policies for resolution of...

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Reliance Seeks Three LNG Cargoes For July, September, October: Report

Last week the company sought one cargo for August 10-15 delivery, which a third source said was awarded at $4.45 to $4.55 per million British thermal units.

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Gold Prices Drop On Tepid Demand: 5 Things To Know

Globally, spot gold was trading lower at $1,334.60 an ounce, while silver was up at $14.99 an ounce in New York.

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How To Invest In Sovereign Gold Bond: All You Need To Know

Sovereign Gold Bond or SGB is a certificate scheme in which the Reserve Bank of India issues bonds on behalf of Government of India. The gold bonds will be issued every month from June till September...

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Need To Invest In SBI's Reinvestment Scheme? Here's All You Need To Know

In case of a reinvestment plan, interest is given at the time of maturity. Regular interest is added to the principal and compound interest calculated and paid thereon, according to SBI. On the other...

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Sensex, Nifty End Flat After Halting Two-Day Losing Streak

For most part of the day, benchmarks swung between negative and positive territory and Sensex fluctuated at least 17 times between gains and losses.

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IRCTC Rajasthan Tour: Package Cost, Destinations, Itinerary Details Here

IRCTC Tourism: Indian Railway Catering and Tourism Corporation's (IRCTC) tourism arm, IRCTC Tourism, is offering a five nights and six days tour package to Rajasthan from Vishakhapatnam. IRCTC's...

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Sensex, Nifty Turn Choppy Amid Cautious Trade

Top laggards on the 50-scrip index were Dr Reddy's, Cipla, Reliance Industries, Coal India and Yes Bank, trading between 1.12 and 2.63 per cent lower.

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GoAir Offers Domestic Flight Tickets From 1,399 Rupees

Under the offer, the cheapest flight ticket is available on the Bagdogra-Guwahati route, starting at Rs 1,399. Tickets between Ahmedabad and Hyderabad are priced at Rs 1,666.

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Sensex Jumps 350 Points From Day's Low As Markets Recover Early Losses

The RBI on Thursday lowered its GDP growth forecast for financial year 2019-20 to 7 per cent, from 7.2 per cent in April.

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Rupee Edges Higher Against US Dollar

On Thursday, the rupee had settled at 69.28 against the US dollar.

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Sensex Falls Over 100 Points, Nifty Near 11,800

The Sensex and Nifty had ended 1.38 per cent and 1.48 per cent lower on Thursday respectively, marking their biggest single-day fall of the calendar year.

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'On Tap' Licensing For Small Finance Banks Under Study, Says RBI

The Reserve Bank of India (RBI) on Thursday said it was considering 'on-tap' licensing facility for small finance banks and proposed to issue the draft guidelines by the end of August.

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Rupee Moves Lower To End At 69.28 Against Dollar

Forex traders said, foreign fund outflows and rising crude oil prices also kept pressure on the rupee. Moreover, heavy selling in domestic equities also weighed on the local unit.

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RBI Panel To Review Liquidity Management Framework

The assessment of liquidity position by different market participants had varied markedly and was not always in sync with the actual systemic liquidity position of the economy, the statement said.

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Government To Order Uber, Ola To Go Electric: Report

Some taxi players, like Ola, have previously tried to operate electric cars in the country, but with little success given inadequate infrastructure and high costs.

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Here Are Latest Fixed Deposit Interest Rates Offered By HDFC Bank

Fixed deposit interest rates are subject to change from time to time. Last week, private sector lender Axis Bank also revised its fixed deposit interest rates on select maturities

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Gold Prices Rise On Jewellers' Buying: 5 Things To Know

In Delhi, gold of 99.9 per cent and 99.5 per cent purity surged by Rs 120 each to Rs 33,490 per 10 grams and Rs 33,320 per 10 grams, respectively

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Wipro Founder Azim Premji To Retire By End-July

Azim Premji will stay on as non-executive director, the Bengaluru-based company said

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Sensex, Nifty Stage Biggest Fall Of 2019 Despite RBI Cutting Rates

The S&P BSE Sensex and NSE Nifty 50 Indexes staged their biggest single day fall of 2019 even as the Reserve Bank of India cut repo rate by 0.25%.

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RBI Cuts Key Interest Rate By 0.25%, Here's What Experts Say

The six-member monetary policy committee (MPC) cut the repo rate to 5.75% as predicted by 44 of 66 analysts polled by Reuters last week.

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RBI Lowers Economic Growth Forecast To 7% For 2019-20

In the April monetary policy, the growth of Gross Domestic Product (GDP) for 2019-20 was projected at 7.2 per cent

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Rupee Pares Most Early Losses Post RBI Rate Cut

Forex traders said, foreign fund outflows and rising crude oil prices also kept pressure on the rupee. Moreover, heavy selling in domestic equities also weighed on the local unit.

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Opinion: RBI, The World's Model Central Bank? Just Maybe

The RBI's rate cut in February was risky - few economists anticipated it - but appropriate. The signalling power was immense.

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GAIL Shares Plummet Over 10% On Heavy Volumes

On the BSE, as many as 13.51 lakh shares changed hands compared with an average of 2.32 lakh shares traded daily in the past two weeks

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RBI Raises Retail Inflation Forecast To 3-3.1% For First Half Of 2019-20

In its first bi-monthly policy for FY20 in April, the Reserve Bank of India (RBI) had forecast the retail inflation to be hovering in the range of 2.9-3 per cent for six months till September.

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Sensex Falls Over 250 Points After RBI Cuts Key Interest Rate

Market heavyweights Larsen & Toubro, Reliance Industries and HDFC Bank contributed the most to the losses on the Sensex.

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RBI Cuts Key Interest Rate To Lowest In 9 Years, Eases Policy Stance

The six-member Monetary Policy Committee voted unanimously for a rate cut. It also switched to an accommodative bias from a neutral stance adopted in February.

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No Charges To Be Levied On RTGS, NEFT Transactions: RBI

Earlier, the Reserve Bank of India (RBI) announced an extension in the timings applicable to RTGS transfers by one-and-a-half hours.

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RBI Cuts Lending Rate To 5.75%; Loans Set To Get Cheaper

The Reserve Bank of India had reduced the repo rate by 25 basis points each in its February and April policy reviews.

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A $190 Billion Clean-Up Needed As PM Modi Looks For Growth Booster

Just days after a landslide electoral victory, PM Modi is being forced to focus on the economy after the slowest expansion in five years.

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Dewan Housing Finance Shares Plunge After ICRA, Crisil Downgrades

The ratings downgrades underline the problems in the country's shadow banking sector, which has struggled since a series of defaults at Infrastructure Leasing and Financial Services last year.

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Rupee Moves Lower To 69.45 Against Dollar Ahead Of RBI Policy Outcome

The rupee opened weak at 69.41 at the interbank forex market and declined to 69.45, down 19 paise compared with the previous close. Foreign institutional investors (FIIs) remained net sellers in the...

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Sensex Falls Over 50 Points, Nifty Slides Below 12,000 Mark

The Sensex and Nifty had finished 0.46 per cent and 0.55 per cent lower on Tuesday.

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What To Expect From Shaktikanta Das-Led Monetary Policy Committee Today

The Monetary Policy Committee, chaired by RBI Governor Shaktikanta Das, will conclude its second bi-monthly review of the current financial year today. While many analysts expect the six-member panel...

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Crisil, ICRA Give Lowest Rating To DHFL's Commercial Paper

This was Crisil's fifth rating cut on the company's paper this year and ICRA's fourth, highlighting the problems in shadow banking sector

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JioPhone 2 Flash Sale: Check Timings, Price And Other Details Here

JioPhone 2 is an upgraded version of Reliance Jio's existing feature phone called JioPhone.

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Monsoon Rains To Arrive On Southern Coast Around June 8: Weather Office

Monsoon rains usually arrive on the southern tip of Kerala state around June 1 and retreat from Rajasthan by September

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Step By Step Guide To File An Online Claim For Provident Fund Withdrawal

Companies employing more than 20 people have to compulsorily make contributions towards the EPF.

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Housing Sales Up 3% In March Quarter: Report

Mumbai, Chennai, Bangalore and Delhi-NCR were the dominant markets, with a share of almost 70-75 per cent in both new launches and sales

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IRCTC Shillong, Guwahati Tour Package: Itinerary, Cost, Details Here

IRCTC Tour Package: The tourism arm of IRCTC, known as IRCTC Tourism, is offering a 4 nights and 5 days Splendour North East Air Package to Guwahati and Shillong from Kolkata. The tour will begin from...

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Gold Prices Remain Unchanged: 5 Things To Know

In Delhi, gold of 99.9 per cent and 99.5 per cent purity held steady at Rs 33,370 per ten 10 grams and Rs 33,200 per 10 grams, respectively

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A Recap Of RBI Key Interest Rate Changes In Past One Year

India's GDP or gross domestic product grew 5.8 per cent in the quarter ended March 31, government data showed last week.

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Airlines Announce New Routes, Discounts On Flight Tickets, Details Here

Private sector airlines SpiceJet and IndiGo have announced new flights on both domestic and international routes

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Services Growth Sinks To One-Year Low In May: Survey

A composite index, which measures both services and factory activity, remained unchanged at 51.7 in May, cushioned by a better manufacturing performance.

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Looking To Invest In SBI Deposit Schemes? These Are The Returns You Get

On fixed deposit (FD) accounts, the bank grants interest rates in a range of 5.75-7.25 per cent across different maturities, according to its website - sbi.co.in. Interest rates on recurring deposits...

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Key Points To Know About RBI's February, April Policy Reviews

Before the release of the RBI's June 6 statement, in which economists expect a reduction in repo rate, here's a recap of the last two bi-monthly reviews, in February and April this year.

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World Bank Retains India's Growth Rate For Financial Year 2019-20At 7.5%

The Bank in its Global Economic Prospects released on Tuesday said that India is estimated to have grown 7.2 per cent in fiscal year 2018/19, which ended March 31.

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Petrol, Diesel Prices Steady After Six Days Of Reduction

Petrol price today, diesel price today: Currently, the domestic petrol and diesel prices are reviewed by oil marketing companies such as state-run Indian Oil on a daily basis - a scheme adopted in...

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Financial Markets To Remain Closed On Wednesday

In its June 6 statement, the RBI is widely expected to reduce the repo rate by 25 basis points to 5.75 per cent.

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RBI May Lower Key Interest Rates By 35 Basis Points: Report

The MPC had started meeting for three days beginning June 3 to firm up the second bi-monthly monetary policy of the fiscal year

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Foreign Investors Buy Equities Worth Over Rs 85,000 Crore Since May 20

On May 20, just after the exit polls were announced, FIIs's gross purchases were Rs 7,521.24 crore

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Post Office Senior Citizen Savings Scheme: Eligibility And Other Details

Post Office Senior Citizen Savings Scheme: Investment under this scheme also qualifies for the benefit of Section 80C of the Income Tax Act

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IL&FS Crisis: Supreme Court Allows Reopening Of Books Of Accounts

The move by the top court comes as a setback for Hari Sankaran, who had challenged an order by the NCLAT to reopen the past books of IL&FS

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Walmart Faces Major Test Over Flipkart's Legal Spat With Start-Up GOQii

GOQii sued Flipkart last month in a Mumbai court, alleging its devices were discounted by around 70 per cent to the retail price.

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Gold Imports Jump 49% On Festive Demand In May: Report

Higher gold imports by India could support global prices that are trading near their highest level in three months

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IndiGo Announces New International Flights, Offers Tickets From Rs 6,999

The flights between Chennai and Kuala Lumpur will start from July 15. From July 5, the airline will also operate additional daily non-stop flights on Mumbai-Doha routes. Bookings for the flights are...

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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 purity surged by Rs 175 each to Rs 33,370 per 10 grams and Rs 33,200 per 10 grams, respectively.

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Sensex, Nifty End Lower Ahead Of RBI Monetary Policy Decision

Tata Consultancy Services, Infosys, ICICI Bank, Reliance Industries and Asian Paints led declines in today's session.

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SpiceJet Announces New Domestic, International Flights, Check Routes Here

SpiceJet's new flights on the domestic network will commence operations from June 20, while the international flight will be effective from July 1

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Real-Time Gross Settlement Payments Are Now Available For 90 More Minutes

Public sector lender State Bank of India, and its private sector peers ICICI Bank and HDFC Bank, among several other financial institutions, are members of payments systems RTGS and National...

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Southern Railway Hiring Opens For Data Jobs, Eligibility, Details Here

Railway Recruitment 2019: The Southern Railway is inviting online applications for these posts through online basis only and applications sent by post will not be entertained, Southern Railway's...

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