Current Account Deficit Narrows To $14.3 Billion In April-June

The foreign currency earned via services, income from financial assets, labour and property and current transfers are accounted under the "invisible receipts".

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Government Sticks To Budget Numbers, Says No Sovereign Borrowings

The 10-year bond yield had surged 15 basis points to 6.79 per cent on September 19 - the day the tax cuts were announced. The benchmark yield was at 6.70 per cent on Monday.

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Petition in Bombay High Court Opposes RBI Curbs On PMC Bank

On September 23, the RBI had imposed regulatory restrictions on the PMC Bank for six months over alleged financial irregularities.

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Fiscal Deficit Reaches Over 78% At Rs 5.54 Lakh Crore Till August-End

The deficit was at 86.5 per cent of the 2018-19 Budget Estimate (BE) in corresponding month a year ago.

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PNB Ties Up With Shadow Banks For Co-Orginating Rs 4,000 Crore Loans

The stress on NBFCs and HFCs is seen as a key reason for slowdown in the economy, as it has caused reduced credit flow to small businesses.

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Rupee Falls By 31 Paise To End At 70.87: 10 Things To Know

The rupee settled 31 paise lower against the dollar on Monday. The local currency opened on a strong note at 70.37, then lost ground and fell to an intraday low of 70.88 against the American currency....

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Yes Bank Shares Slumps 14% To Lowest Level In 10 Years

Yes Bank informed the stock exchanges that it has received acknowledgment from the Reserve Bank of India to go ahead with capital raising plan.

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Why FD Is The Best Investment Option For You Today

To benefit from competitive interest rates and enjoy high safety and stability of your investment, open a fixed deposi twith a credible issuer such as Bajaj Finance.

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Core Sector Output Declines By 0.5% In August

During April-August, growth in the eight core industries grew by 2.4 per cent from 5.7 per cent in the year-ago period.

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PMC Bank Case Raises Question On Role Of RBI, Auditors: Anurag Thakur

Currently the Reserve Bank of India is looking into the PMC Bank case. Recently Finance Minister Nirmala Sitharaman had said the government is watching the developments there and will see what best...

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Amazon, Flipkart Make Record First-Day Festive Sales: Report

Both, the "Big Billion Days" sale and Amazon's "Great Indian Festival", will finish on October 4, according to their websites.

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Sensex, Nifty Extend Losses To Second Session Weighed Down By Banks

Nine of 11 sector gauges compiled by National Stock Exchange ended lower led by the Nifty PSU Bank index's 3.47 per cent fall.

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Torrent Of Rate Cuts To Yank Down Asian Bond Yields: Poll

Most major Asian central banks are predicted to ease further to boost growth, including the Reserve Bank of India (RBI) which has been one of the most aggressive, cutting interest rates by 110 basis...

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Anil Ambani Says Group Will Pay Another $2.1 Billion Debt By March

Anil Ambani, 60, is struggling to save the remnants of his telecommunications-to-infrastructure empire from collapse. In June, Reliance Group said it repaid Rs 35,000 crore in the previous 14 months...

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How Much You Pay For Petrol, Diesel Today

State-run oil marketing companies increased petrol and diesel prices on Monday, after keeping it flat for three consecutive days. With effect from 6 am on Monday, the price of petrol was at Rs 74.42...

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Indiabulls Housing Finance Slumps To Lowest Level In 5 Years. Here's Why

Indiabulls Housing Finance shares slumped as much as 38.34 per cent to Rs 240.15 on the BSE, also its lowest level since April 2014.

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IRCTC Initial Public Offer Subscribed 30%

IRCTC IPO news: By 12:45 pm, bids for 60.84 lakh shares were received out of the total 2.02 crore shares on offer under the IRCTC IPO. That marked a subscription of 30.18 per cent, data from the...

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US-Based Fashion Retailer Forever 21 Files For Bankruptcy

Since the start of 2017, more than 20 US retailers, including Sears Holdings Corp and Toys 'R' Us, have filed for bankruptcy, succumbing to the onslaught of fierce e-commerce competition from Amazon...

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Reliance Capital Repays Debt Of Rs 72.65 Crore; Shares Hit New Record Low

Reliance Capital shares have so far this year nosedived 89 per cent compared with nearly 7 per cent gain in the Sensex.

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IRCTC IPO Opens Today: Should You Invest?

IRCTC is selling equity shares of face value of Rs 10 each in the price band of Rs 315-320 in lot sizes of 40 shares per lot and in multiples thereof.

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Tips On Stocks To Buy Or Sell As Consumer Gloom Dims Festival Cheer

Market researcher Nielsen has lowered its 2019 growth estimate for fast-moving goods to 9-10 per cent from 11-12 per cent.

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IRCTC Public Offer To Open Today. Should You Subscribe?

IRCTC IPO today: After the IPO, Government of India's holding in IRCTC will come down to 87.40 per cent. The IPO will close for subscription on October 3.The offer size in terms of amount makes it the...

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Sensex, Nifty Likely To Open Flat Today

LIVE share market updates (Sensex, Nifty today): The Sensex index had ended 167.17 points - or 0.43 per cent - lower at 38,822.57 on Friday, and the broader Nifty benchmark settled at 11,512.40, down...

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Air India Offers Discount On Domestic Flight Tickets, Details Here

Air India has launched the new product in order to promote heritage sites and prominent tourist destination in India, where families travelling together will get discounted tickets, the airline said...

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DHFL Proposes Converting Debt To Equity Under Draft Resolution Plan

The company held a meeting on Friday to present the Draft Resolution Plan to its lenders and to inform them of the steps required to implement it, the firm said in a release on Saturday.

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PMC Bank Didn't Disclose Exposure For Over 6 Years: Suspended MD

On Monday, the central bank had restricted activities of PMC Bank for six months citing major financial irregularities, failure of internal control and under-reporting of its exposures under various...

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SBI To Link Floating Rate Loans With Repo Rate: 10 Things To Know

State Bank of India (SBI), the country's largest bank, recently said that it would adopt the repo rate as external benchmark for all its floating rate-based loans from October 1. The change will...

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AirAsia India To Expand Fleet; Awaits Nod To Fly Abroad

On September 20, the airline introduced additional flights from New Delhi to Kolkata.

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Government Bans Export Of Onion To Contain Rising Prices

The DGFT on September 13 had imposed a minimum export price (MEP) of $850 per tonne to curb its shipments and help bring down rising domestic prices.

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RBI May Go For Another Rate Cut On October 4, Say Experts

The RBI Governor Shaktikanta Das headed Monetary Policy Committee (MPC) will announce the fourth bi-monthly monetary policy for 2019-20 on Friday, October 4, after its three-day meeting.

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Petrol, Diesel Prices: Everything You Need To Know About Fuel Rates

The oil marketing companies (OMCs) kept the fuel rates unchanged for a second consecutive day on Sunday across the four metro cities. Petrol price in Delhi stood at Rs 74.34 per litre, and the price...

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Markets To Rise Further As RBI Expected To Cut Rates, Say Experts

According to market observers, the monetary policy committee of the RBI is expected to go ahead and further reduce the key lending rate, to give further impetus to growth.

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How To Link PAN With Aadhaar Online

Linking PAN card with Aadhaar card: According to current income tax laws, an Aadhaar number - also known as Unique Identity Number (UID) - can be quoted interchangeably with PAN. Meanwhile, the...

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Last Date For Linking PAN Card With Aadhaar Card Extended To December 31

The government on Saturday extended the due date for linking PAN or Permanent Account Number with the Aadhaar number - also known as the Unique Identity Number - by three months. In a notification,...

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All You Need To Know About Aadhaar-PAN Rules

PAN Aadhaar news: The Income Tax Department said last month that a PAN will be generated automatically if a person files the ITR is filed using Aadhaar. Current income tax laws allow an individual to...

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Documents You Can Submit At Aadhaar Centres For Updating Basic Details

Aadhaar PAN linking news: The government on Saturday extended the due date for linking PAN or Permanent Account Number with Aadhaar by three months. The UIDAI - the issuer of the 12-digit Aadhaar...

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Government extends due date for linking PAN with Aadhaar by three months to December 31

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Nifty Expected To Touch 12,150-12,500 Levels By Diwali: Analysts

Sensex, Nifty week ahead: Twenty five stocks on the 50-scrip index rose for the week, and an equal number of shares moved lower. IDBI Capital's AK Prabhakar expects the 50-scrip Nifty benchmark to...

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State-Run Firms Asked To Clear Vendor, Contractor Dues By October 15

Finance Minister Nirmala Sitharaman said PSUs been asked to detail the lifespan of arbitrations that lock payments after disputes with vendors and contractors.

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RBI Action Not To Impact Normal Operations: Lakshmi Vilas Bank

Lakshmi Vilas Bank-RBI News: The Reserve Bank of India (RBI) has advised Lakshmi Vilas Bank on the restrictions put in place and the actions to be taken. Lakshmi Vilas Bank will report the RBI on the...

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Find Out How Much You Pay For Petrol And Diesel In Your City Today

Petrol price, diesel price today: On Saturday, the price of petrol remained at Rs 74.34 per litre in Delhi and Rs 80 per litre in Mumbai - the same levels as the previous day. The rate of diesel was...

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RBI Initiates Prompt Corrective Action For Lakshmi Vilas Bank

RFL has accused LVB of misappropriating Rs 790 crore it kept with the bank as a fixed deposit.

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Antitrust Body Clears Saudi Aramco's Acquisition Of SABIC

In March, Saudi Aramco had agreed to buy the stake for $69.1 billion, in one of the biggest deals in the global chemical industry.

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Twitter Co-Founder Biz Stone To Invest In Kerala Start-Up

Twitter co-founder and Angel investor Biz Stone on Friday said he would be investing in a Kochi-based start-up, Sieve.

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Government Retires 15 More Senior Tax Officials On Graft Charges: Report

The government has compulsorily retired 15 more tax officers in the fourth tranche of its crackdown on errant officials accused of corruption and other malpractices.

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Monsoon Set For Delayed Retreat, Says Weather Office

The country relies heavily on the monsoon for irrigation, though crop damage and delayed harvests can result if the rainfall persists.

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Ministries Asked To Share Capex Plans Of 4 Quarters: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman said that since August 23, 90 per cent of overdue GST refunds have been cleared.

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Sensex Ends Over 150 Points Lower Weighed Down By Metal, Pharma Shares

All the 11 sector gauges compiled by National Stock Exchange ended lower led by the Nifty Metal index's 2.64 per cent fall.

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Deadline For Filing Income Tax Return Extended By 1 Month For Audit Cases

The new deadline of October 31 is applicable to special cases requiring audits. The Income Tax Department also said that a formal notification for the same will be issued soon.

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Delhi Police Probes Lakshmi Vilas Bank Directors For Alleged Fraud

Religare Finvest (RFL) has accused Lakshmi Vilas of misappropriating Rs 790 crore it kept with the bank as a fixed deposit.

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Maruti Suzuki Cuts Price Of Baleno RS By Rs 1 Lakh

The company on Wednesday cut prices on 10 different models by Rs 5,000 each just ahead of the festive season.

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Sensex Erases Gains As Volatility Sets In; Auto, Metal Stocks Drag

Domestic stock markets swung between gains in losses on Friday morning amid weakness in Asian peers. The S&P BSE Sensex index recovered early losses to rebound as much as 292.58 points from an...

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Sensex, Nifty Likely To Open Lower Today

LIVE market updates (Sensex, Nifty today): On Thursday, the Sensex and Nifty had ended1.03 per cent and 1.15 per cent higher respectively, amid buying across sectors barring IT stocks.

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Tribunal Dismisses ITC's Plea Against Hotel Leela's Assets Sale

The securities market regulator had allowed JM Financial Asset Reconstruction Company, which owns 26 per cent in Leela, to vote on the deal.

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Liquidity Not A Crisis, Says Nirmala Sitharaman After Meeting Banks

Issues like liquidity, rate cut, credit disbursal were to be on the agenda between the Finance Minister and the lenders and financiers.

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Rupee Rises By 16 Paise To End At 70.88: 10 Things To Know

The rupee settled 16 paise higher against the dollar on Thursday. The local currency opened on a strong note at 70.99 and shuttled between a high of 70.85 and a low of 71.01 during the day. The...

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Make RBI Accountable For PMC Bank Problems: Unions To Finance Minister

According to the unions, RBI and the government should take criminal action on the top management of the PMC Bank for not classifying the huge loan given to Housing Development Infrastructure Ltd....

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SpiceJet Announces 46 New Domestic Flights, Details Here

Additionally, the carrieralso announced the on-boarding of Rajkot as its 54th destination on the domestic network with the introduction of a daily non-stop flight on the Mumbai-Rajkot route.

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Axis Bank Raises Rs 12,500 Crore Via Qualified Institutions Placement

The QIP issuance was done at a price of Rs 629 per equity share at a tight discount of 1.44 per cent over the closing price of the issue opening date of September 19, 2019.

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RBI Raises Withdrawal Limit To Rs 10,000 From PMC Bank Account Holders

India has more than 1,500 small urban co-operative banks that typically service small local communities in certain districts or states.

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Sensex, Nifty Rebound Strongly On Possible US-China Trade Deal

All sector gauges except the Nifty IT index ended higher led by the Nifty Metal index's over 4 per cent jump.

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Reliance Jio Long Term Packs: Prices, Validity, Other Benefits Here

The country's telecom sector has witnessed high competition since the launch of billionaire Mukesh Ambani-owned Reliance Jio in September 2016.

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Petrol, Diesel Prices Hiked Marginally After A Day's Pause

Petrol price, diesel price today: Currently, domestic prices of petrol and diesel are reviewed by oil marketing companies on a daily basis.Any revisions to bring the domestic rates in line with crude...

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All You Need To Know About IRCTC Initial Public Offer

IRCTC IPO: IRCTC will sell its shares in the price band of Rs 315- Rs 320 between September 30 and October 3. The company is planning to raise Rs 638 crore.

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Animal Spirits "Dull" As Consumer Demand Stays Subdued In India: Report

India's economic growth showed little signs of a recovery from a six-year-low and strengthens the case for more measures to bolster growth.

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Rupee Carry Trade Gets A Boost From Government's Corporate Tax Cut

Carry trades work by investors borrowing in a lower-yielding currency, such as the yen or the euro, and putting the money into one with higher rates. Indian sovereign bonds offer the second-highest...

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Sensex Jumps 550 Points Amid Buying Across Sectors: 10 Things To Know

Domestic stock markets moved sharply higher on Thursday amid mild gains in Asian peers. The S&P BSE Sensex index added as much as 564.55 points to 39,158.07 in morning, while the broader NSE Nifty...

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Sensex, Nifty Likely To Open Higher Today

LIVE market updates (Sensex, Nifty today): The SGX Nifty futures were last seen trading 22.50 points - or 0.20 per cent - higher at 11,497.50 on the Singapore Exchange.

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Up To Rs 5 Lakh Insurance Free For Uber Riders In India

Uber has partnered with Bharti AXA and Tata AIG for the insurance scheme which will cover all riders in cars, autos and two-wheelers.

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Sachin Bansal Pumps Rs 740 Crore In A Non-Banking Financial Company

The former CEO and co-founder of Flipkart will take charge as CEO of the micro-finance company CRID.

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IRCTC IPO To Open on September 30, Here's All You Need To Know

An IPO is a financial instrument through which an unlisted company offers shares to the public first time.

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Depositors Protest As Curbs Put On PMC Bank

Depositors of the PMC Bank were informed on Tuesday they can withdraw only a sum of Rs 1,000 from their bank account over the next six months.

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"Mischievous Rumours": No Question of Closing Any Bank, Tweets RBI

This is the second time in less than two years that policy makers have had to publicly come out in support of banks.

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Rupee Moves Lower To 71.04 Against Dollar: 10 Things To Know

The rupee settled 3 paise lower against the dollar on Wednesday. The local currency opened lower at 71.10, then lost further and fell to an intraday low of 71.14 against the American currency. The...

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Social Media Rumours Of Banks Shutting Down False, Clarifies RBI

Messages are circulating in various social media platforms that nine banks will be closed down permanently by the RBI and appeals being made to public to withdraw their money from them.

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Ford Motor, Mahindra Likely To Sign Deal To Form Joint Venture: Report

The two companies have for months been structuring the deal to create a new entity in which Ford will hold a 49 per cent stake, while rival Mahindra will own 51 per cent, Reuters reported in April.

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Mukesh Ambani Tops 'Hurun India Rich List 2019'. Check Full List Here

London-based SP Hinduja and family, worth Rs 1,86,500 crore, retains the second rank in the list.

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Sensex Plunges Over 500 Points, Nifty Settles Below 11,450

Banking and financial services shares were among the worst hit in today's session with the country's largest lender - State Bank of India falling 7.7 per cent

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SBI Plunges Over 7%, Posts Biggest One-Day Fall In 3 Years

At 3:05 pm, SBI shares traded 6.98 per cent lower at Rs 281.35 apiece on the BSE, outperforming the benchmark Sensex index which was down 1.15 cent.

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Fuel Prices Kept Unchanged: How Much You Pay For Petrol, Diesel Today

The domestic prices of petrol and diesel vary from city to city, depending on local taxes and transportation cost.

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WeWork's Adam Neumann Steps Down As CEO

Two senior WeWork executives, Sebastian Gunningham and Artie Minson, were appointed as co-CEOs.

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SpiceJet Eyes $10 Billion-Plus Airbus Deal, Chairman Ajay Singh Reveals

The discussions with Airbus threaten Boeing with a high-profile defection at a time when the U.S. planemaker is enmeshed in one of the biggest crises in its 103-year history.

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World's Wealthiest Families Are Stockpiling Cash As Recession Fears Grow

Jeffrey Gundlach, chief investment officer of DoubleLine Capital, said this month he thinks there's a 75 per cent chance of a U.S recession before the November 2020 presidential election.

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Maruti Suzuki Cuts Prices On Select Cars By Rs 5,000

Maruti Suzuki has cut ex-showroom price of Alto 800, Alto K10, Swift Diesel, Celerio, Baleno Diesel, Ignis, Dzire Diesel, Tour S Diesel, Vitara Brezza and S-Cross by Rs 5,000.

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Live: Sensex, Nifty Set To Open Lower; JSW Steel, Kaveri Seed In Focus

The Nifty Futures on Singapore Exchange also known as the SGX Nifty was down 0.17 per cent or 20 points at 10,612.

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India Turns To United Arab Emirates For Extra LPG Imports: Official

The September 14 attacks on the Abqaiq and Khurais plants, some of the kingdom's biggest, halved the crude output of the world's top oil exporter, shutting down 5.7 million barrels per day of...

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Reliance Communications Chief Executive Officer Bill Barney To Step Down

Anil Ambani-led RCom filed for bankruptcy earlier this year as lack of regulatory approval for asset sales hampered the company's efforts to solve its debt crisis.

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Infosys Ranked Third In Forbes 'Best Regarded' Companies List

Infosys marked a huge improvement in the ranking as it jumped to the third position this year, from 31st position in 2018.

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Rupee Depreciates 7 Paise To Close At 71.01 Against Dollar: 10 Points

The Indian rupee on Tuesday depreciated by 7 paise to close at 71.01 against the US dollar as foreign fund outflows and a pause in equity market rally weakened forex market sentiment, news agency...

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Employees' Provident Fund Interest Rate Raised To 8.65% For 2018-19

In an EPF account, the employee contributes 12 per cent of the salary whereas an equal amount is contributed by the employer, according to the EPF website - epfindia.gov.in.

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Corporate Tax Cut Bold Move, Will Attract Investors: Shaktikanta Das

Mr Das last week had said the government had limited fiscal space to support growth but low inflation can help the monetary authority to ease policy rates to boost the economy.

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Onion Price Hike: Government To Consider Stock Limit On Traders

Prices have also picked up on a likely fall in Kharif production owing to the lower planted area under onion after excess rains, according to sources.

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Petrol, Diesel Prices Rise For Eighth Day In A Row

The rate of diesel was at Rs 67.07 per litre in Delhi, Rs 69.49 per litre in Kolkata, Rs 70.37 per litre in Mumbai and Rs. 67per litre in Chennai.

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Sensex, Nifty Pause After Two Days Of Stellar Rally

Seven of 11 sector gauges compiled by National Stock Exchange ended higher led by the Nifty PSU Bank index's over 2 per cent decline.

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Depositors Panic As RBI Imposes Rs 1,000 Withdrawal Limit On PMC Bank

The RBI's decision to put withdrawal limits for accountholders of PMC Bank led to protest by depositors outside bank's main branch in Mumbai's Bhandup area and various other branches.

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RBI Bars Punjab & Maharashtra Cooperative Bank From Business Transactions

The PMC Bank has been barred from granting, renewing and loans and advances, make any investments, accept fresh deposits, etc, without the prior written approval from RBI.

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JioPhone 2 Recharge Plans: Prices, Validity, Data Benefits

The monthly packs of Rs 49, Rs 99 and Rs153 come with a validity period of 28 days each, whereas the long-term packs of Rs 297 and Rs 594 have validity periods of 84 days and 168 days respectively,...

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Countdown For Subhash Chandra, Anil Ambani Firms As Debts Threaten Stocks

Essel Group's Subhash Chandra is seeking to sell assets ranging from a stake in the nation's most valuable publicly traded TV network to roads.

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State-Run Banks To Remain Shut For Two Days This Week As Strike Deferred

Trade unions of state-run bank staff on Monday called off a two-day strike scheduled this week. Four unions of PSU bank employees had called a 48-hour strike to protest against the mega merger of...

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Sebi Slaps Rs 23 Crore Penalty On Aurobindo Pharma Promoters; Shares Fall

Sebi's penalty is for alleged insider trading violations done by Aurobindo Pharma's promoters between 2008 and 2009 when it entered into agreement with Pfizer.

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Bank Employee Unions Defer Two-Day Strike

In view of the consideration of the positive and workable solution by the Finance Secretary, the 48-hour strike stands deferred, a joint statement said.

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Sensex, Nifty Likely To Open Higher Today

Live market updates (Sensex, Nifty today): On Monday, the Sensex had ended 2.83 per cent higher at 39,090.03 - its highest closing level recorded since July 17 - and the Nifty settled up 2.92 per cent...

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NRIs Can Now Apply For Aadhaar On Arrival Without 182-Day Wait

UIDAI circular said valid Indian passport will be accepted as proof of identity, proof of address (PoA) and date of birth document.

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Rupee Ends Flat At 70.94 Against Dollar

According to provisional data, foreign investors pumped in Rs 2,684 crore on a net basis in capital markets on Monday.

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Maruti Suzuki Sees Higher Sales In September

August domestic sales at Maruti Suzuki fell 34.3 per cent, one of the biggest monthly drops in sales in recent times.

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Corporate Tax Cut To Boost Smartphone Manufacturing: Executives

India slashed its headline corporate tax rate to 22 per centfrom 30 per centon Friday in a surprise gambit aimed at wooing manufacturers and boosting investment in Asia's third-biggest economy, where...

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Banks To Remain Closed For 4 Days In September: 10 Things To Know

Four unions of public sector bank (PSB) officers are set to go on 2-day strike on September 26-27, opposing the consolidation of 10 state-run lenders into four. As a result, several banks will be shut...

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August Crude Imports Highest In 4-Months, Fuel Imports Peak

Fuel oil imports rose to 306,000 tonnes in August, a peak since PPAC data going back to at least 2011.

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Traders Complain Of Glitch At National Stock Exchange Towards Session End

The Nifty index soared on Friday after Finance Minister Nirmala Sitharaman cut the effective corporate tax rate to around 25 per cent from 30 per cent and scrapped the minimum alternative tax for...

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Oil Prices Will Ease If Global Tensions Do Not Rise: Dharmendra Pradhan

Rising global oil prices are a major concern for India, the world's third biggest oil importer, which meets almost 84 per cemtof its oil needs through imports.

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ICICI Bank To Set Up 450 New Branches This Fiscal

ICICI Bank currently has a network of over 5,190 branches, extension counters and ATMs across the country.

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Government Aims To Sell Air India, Other Firms By March 2020: Official

The government planned to sell Bharat Petroleum Corp, logistics firm Container Corp of India and debt-laden Air India before the end of the 2019/20 financial year, the official said.

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Sensex Surges 1,075 Points; Markets Extend Its Biggest Rally In A Decade

Rally in banking and fast moving consumer goods shares supported the upmove in today's session. HDFC twins, ICICI Bank, Larsen & Toubro, ITC and Kotak Mahindra Bank were among the top Sensex movers...

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Britannia Shares Hit 10-Month High Amid Large Volumes

Britannia share price today: After opening higher at Rs 2,919.00 apiece, Britannia shares were locked in the upper circuit at 20 per cent in afternoon deals, before giving up some of those gains.

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Petrol, Diesel Prices Up For Seventh Straight Day: 10 Things To Know

State-run oil marketing companies rose petrol and diesel prices on Monday, marking a seventh straight day of hike in the fuel rates. With effect from 6 am on Monday, the price of petrol was at Rs...

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Petronet LNG Signs Agreement With US-Based Tellurian; Shares Erase Gains

Shares of Petronet LNG surged as much as 13.17 per cent to Rs 302 but erased gains and fell as much as 7.40 per cent to Rs 247.10 on the BSE.

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Thomas Cook India Says Have No Correlation With Thomas Cook UK

Thomas Cook India's Chairman and Managing Director Madhavan Menon in an exchange filing on Saturday said that it is a completely separate entity from Thomas Cook UK post acquisition in 2012 by Canada...

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SBI To Use Repo Rate As Benchmark For Floating Rate Loans From October 1

SBI said the change will impact floating rate loans for small businesses, home and retail loans.

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Sensex Surges 1,300 Points, Nifty Crosses 11,650; ITC Shares Jump 9%

Domestic stock markets registered sharp gains on Monday despite weakness in Asian peers, a session after clocking the biggest single day gain in over a decade. The S&P BSE Sensex index climbed as much...

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Sensex, Nifty Likely To Open Higher Today

Last Friday, the S&P BSE Sensex index had surged 1,921.15 points - or 5.32 per cent - to end at 38,014.62, in its best single-day gain in past 10 years.

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State-Run Bank Employees To Go On Strike On September 26, 27

On August 30, Finance Minister Nirmala Sitharaman announced four mergers of banks, a move she said would result in 12 public sector banks in the system instead of 27.

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No Erosion In Asset Quality Post United Bank, Oriental Bank Merger: PNB

Under the consolidation, the three banks will be merged into one entity to make the second-largest PSB with a business of Rs 17.95 lakh crore and 11,437 branches.

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SBI Withdraws Repo-Linked Home Loan Scheme, Details Here

RLLR or repo-linked lending rate means that any changes in the key interest rate by the central bank are passed on directly to the customers.

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Hoteliers Expect Rise In Occupancy Post GST Rate Cut

Sanjeev K Nayar, General Manager, ITC WelcomHeritage said that the Council's decision to lower GST on room tariffs 'will certainly increase occupancy'.

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Onion Prices Surge To Rs 70-80 Per Kg

As per the data maintained by the consumer affairs ministry, retail onion prices rose to Rs 57/kg in Delhi, Rs 56/kg in Mumbai, Rs 48/kg in Kolkata and Rs 34/kg in Chennai last week.

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ICICI Bank Revises Fixed Deposit Interest Rates, Details Here

ICICI Bank has slashed the FD interest rates applicable on the maturity periods of 46 days to 60days, 61 days to 90 days and 91 days to 120days, among others according to the bank's website,...

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Petrol Price Rises By Rs 1.59 Per Litre In Last Six Days

Petrol price was on Sunday hiked by 27 paise to Rs 73.62 a litre in the Delhi market -- the benchmark for national rates, according to a price notification issued by state-owned oil firms.

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Petronet Signs Liquefied Natural Gas Deal With Tellurian

Sources told Reuters on Friday that Petronet would sign a memorandum of understanding with Tellurian to invest $2.5 billion for rights of up to 5 million tonnes a year of LNG over the lifespan of the...

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Corporate Tax Cut Credit Positive, But Raises Fiscal Risks: Moody's

The move is credit positive for companies because it will enable them to generate higher post-tax incomes.

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US Corporate Sector Hails India's Move To Slash Tax Rate For Companies

Finance Minister Nirmala Sitharaman said the reduction in tax rates was done by promulgating an ordinance to an amendment to the Income Tax Act.

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Supply Shortage Sends Onion Prices Soaring To 4-Year High

Onion was quoted 25 per cent higher on Friday at Delhi's Azadpur Mandi, a major market of the Agriculture Produce Marketing Committee (APMC).

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Restaurant Body Slams Zomato For Extending 'Gold' Programme To Delivery

NRAI also said that it continues to remain firm in its belief that Zomato Gold in its current form is an unacceptable proposition.

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Lenders of IL&FS ''Amber'' Companies Refuse Green Light

In the case of another 'amber' entity, ITNL Road Infrastructure Development Company (IRIDCL), the settlement agreement contemplates settlement amount namely Rs 144.08 crore from the concessioning...

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Here's Everything You Need To Know About JioFiber Monthly Plans

Each of the six JioFiber packs comes with features including free voice calls across the country, TV video calling and gaming services, according to Reliance Jio.

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Banks' Credit Must Grow 12% To Meet $5 Trillion Economy Target: SBI

PSBs are under pressure to meet the capital adequacy requirements under Basel III and looking at the government support for capital, SBI Deputy MD said.

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Gold Demand In India Seen Muted Ahead Of Festivals

Gold futures were trading around 37,500 rupees per 10 grams on Friday after falling to their lowest level since August 13 earlier in the session.

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GDP Growth Expected To Be Better In September Quarter: Shaktikanta Das

He said for the first quarter, the RBI analysis showed growth to be at 5.8 per cent and all the surveys it did also projected growth to be in the range of 5.5-5.8 per cent but the final print was much...

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Rupee Rises By 40 Paise To Settle At 70.94 Against Dollar

Finance Minister Nirmala Sitharaman slashed corporate tax by almost 10 percentage points as the government looked to pull the economic growth out of six-year low.

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Fuel Rates Hiked Across Metros, Check Petrol, Diesel Rates 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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Investors Become Richer By Nearly Rs 7 Lakh Crore In A Day

The bull market led the market capitalisation of the BSE-listed companies to soar Rs 6,82,938.6 crore to Rs 1,45,37,378.01 crore in single day.

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India Inc Welcomes Government's Tax Relief Announcements

The government will bear a massive Rs 1.45 lakh crore per year to support its move to reduce corporate tax. The new tax structure is effective from April 1, 2019.

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Rating Firm S&P Global Says Corporate Tax Cuts 'Credit Negative'

The government slashed corporate taxes on Friday, giving a surprise $20.5 billion break aimed at reviving private investment and lifting growth from a six-year low that has caused job losses and...

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Sensex Ends 1921 Points Higher, Nifty Settles At 11,274

Domestic stock markets skyrocketed on Friday with the Sensex index soaring 2,284.55 points in its biggest intraday gain in more than a decade, after Finance Minister Nirmala Sitharaman announced a cut...

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Government Slashes Corporate Tax Rate, What It Means For You

Ms Sitharaman said that the effective corporate tax rate will be lowered to 25.2 per cent from 30 per cent, which she said would be at par with Asian peers.

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Wrong To Say India On 5% Growth Trajectory: Bibek Debroy

Bibek Debroy said GST collection has been revenue negative so far instead of being revenue neutral.

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India Stocks Poised For Biggest Jump in a Decade on Tax Cuts

The move follows announcements over the past month to boost consumer demand, bolster imports and attract investments into the country.

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Rupee Surges By 65 Paise Against Dollar After Corporate Tax Cut

At 1:20 pm, the rupee traded 34 paise - or 0.48 per cent - higher at 70.98 against the US currency.

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Government's Big Move On Corporate Tax: What It Means - 5 Points

The centre's move today to reduce corporate tax on domestic companies had an immediate effect on the markets, with the S&P BSE Sensex surging over 1,950 points and the NSE Nifty climbing above the...

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How Experts See Corporate Tax Rate Cut - Early Reactions

Finance Minister Nirmala Sitharaman told a news conference that the effective corporate tax rate will be lowered to around 25 per cent from 30 per cent, which she said would be on par with Asian...

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In Corporate Tax Rate Cut, A 1.4 Lakh Crore Boost To Promote Growth

India cut tax on local businesses to one of the lowest rates in Asia, while providing a more than $20 billion boost to revive economic growth from a six-year low.

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Sensex Up Over 1,300 Points, Nifty Hits 11,000 After Corporate Tax Bonanza

The broader NSE Nifty benchmark index climbed to as much as 10,970.75 after the announcement, up 265.95 points from the previous close.

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1.45 Lakh Crore A Year Estimated Revenue Foregone After Corporate Tax Slashed

These set of amendments are being brought about in taxation laws through an Ordinance to amend the Income-tax Act, 1961, the Finance Minister said.

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India Still A Good Investment Story, Says Asset Management Giant Aberdeen

International money managers have sold $4.7 billion of the nation's shares since June, with quarterly outflows on course for the biggest since at least 1999.

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Sensex, Nifty Likely To Open Higher Today

On Thursday,the Nifty had fallen 1.25 per cent to end at its lowest closing level recorded since February 19, and the Sensex shed 1.29 per cent close at its lowest since March 1.

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Government Committed To Supporting Small Businesses: Nirmala Sitharaman

Each public sector bank will conduct an outreach programme aimed at taking advantage of the festive season, the Finance Minister said.

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Government Likely To Unveil Measures To Boost Growth: Report

"We are waiting for the approval from the prime minister's office, and the measures could be announced on Friday," a government source told Reuters.

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Banks To Hold Public Meets With Shadow Banks To Give Credit: Minister

During the public meetings, credit will be provided for retail, agriculture, MSME and housing sector, among others.

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No Stressed MSMEs To Be Declared Bad Loan: Finance Minister

At a press conference after meeting PSU bank heads, Finance Minister Nirmala Sitharaman said there already exists a circular from the Reserve Bank that provides for stressed loan accounts of MSMEs not...

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Amazon Opens Largest Fulfilment Centre In West Bengal

It will double the storage capacity and also lead to creation of substantial job opportunities in the state.

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Little Space For Any Fiscal Expansion By Government: Shaktikanta Das

Shaktikanta Das expects US Fed's latest rate cut to boost fundinflows into the country, but need to be vigilant about the nature of such funds.

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Government Tells Tech Firms To Protect User Privacy, Prevent Abuse

Technology firms have been concerned that the government's drive to step up measures to boost local data storage will increase investment costs.

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Rupee Moves Lower To 71.34 Against Dollar: 5 Things To Know

The rupee settled 10 paise lower against the dollar on Thursday. The local currency opened on a strong note at 71.36 and shuttled between a high of 71.06 and a low of 71.37. It finally settled at...

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Government Approves 8.65% Interest Rate On Provident Fund For 2018-19

The government has approved 8.65 per cent interest rate on employees' provident fund (EPF) for 2018-19, reported news agency Press Trust of India (PTI) quoting a source. The interest amount will now...

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HDFC Bank Shares Rise After Going Ex-Stock Split

After the ex-split HDFC Bank shareholders will now have two shares of face value of Re 1 instead of one share of face value of Rs 2 each.

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How To Transfer PF Balance With Previous Employer To New Employer

Employees' Provident Fund Organization or EPFO, the nodal agency that monitors Employees' Provident Fund contributions, allows the subscriber - or employees of an organisation of 20 or more...

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Sensex Slumps Over 550 Points Breaks Below 37,000, Nifty Below 10,700

Reliance Industries, ICICI Bank, Infosys, Tata Consultancy Services and IndusInd Bank were among the top drags on the Sensex.

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SBI Now Pays These Interest Rates On Fixed Deposits Up To Rs 2 Crore

State Bank of India (SBI) interest rates: The country's largest bank currently pays interest at the rates of 4.50-6.50 per cent on fixed deposits up to Rs 2 crore to the public, and 5-7 per cent to...

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Jio Offers 1.5-5 GB Per Day Data Plans Starting From Rs 149, Details Here

Jio recharge news: Recharge plans for usage of 1.5 GB of data per day starts at Rs. 149 and for 5 GB data per day, the recharge plan is for Rs. 799.

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Mukesh Ambani Bolsters Hold Over Reliance Industries With Stake Hike

Reliance Services and Holdings, Mr Ambani's firm, acquired 17.18 crore equity shares or 2.71 per cent stake on September 13.

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Why India's Equity Mutual Fund Fees Rank Among Worlds Most Expensive

The country's asset-weighted median expense ratio for equity mutual funds is 1.93%, according to a study of by Morningstar Inc.

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Petrol, Diesel Prices Hiked For Third Straight Day. Check Rates Here

Petrol, diesel prices today: Oil marketing companies such as state-run Indian Oil Corporation currently review the fuel prices on a daily basis, and any revisions are implemented at the fuel stations...

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US Central Bank Cuts Interest Rates, Signals Holding Pattern For Now

Federal Reserve Chairman Jerome Powell said the rate cut was designed "to provide insurance against ongoing risks" including weak global growth and resurgent trade tensions. The Fed also cut rates in...

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Sensex, Nifty Likely To Open Lower Today

At 8:24 am, the SGX Nifty futures trading on the Singapore Exchange were down 11.00 points - or 0.10 per cent - at 10,845.00. The Singapore Exchange's Nifty futures are an early indicator of the...

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Finance Minister To Review State-Run Banks' Merger Preparedness: Report

Finance Minister Nirmala Sitharaman will meet the heads of PSU banks on Thursday to discuss merger-related issues and review their preparedness to execute the process

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Reliance Jio Tops Subscription Race In July; Airtel, Vodafone Idea Lose

Jio added 85.39 lakh customers in July to take its total subscriber base to 33.97 crore, data released by the Telecom Regulatory Authority of India (TRAI) showed on Wednesday.

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Government Open To Selling Part Of Air India To Foreign Airline: Report

Government is open to selling a partial stake in debt-laden state-run carrier Air India to a foreign airline, people familiar with the matter said on Wednesday.

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Rupee Snaps 2-Day Losing Streak, Rises 54 Paise Against Dollar: 10 Points

The Indian rupee snapped its two-day falling streak against the US dollar on Wednesday on the back of falling crude oil prices. However, outflows by the foreign institutional investors capped the...

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Centre To Move GST Council Over "Hefty" Tax On Hotel Rooms

Currently GST at the rate of 28% is charged on hotel rooms with tariffs over Rs 7,500 and 18% on rooms which are priced between Rs 2,500-7,500.

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Monsoon Rains Above-Average For Third Straight Week: Weather Department

Monsoon rains are crucial to farm output and economic growth because the agricultural sector accounts for about 15 per cent of India's $2.5 trillion economy.

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RBI's Risk Weightage Cut On Consumer Loan Is Credit Negative: Moody's

On September 12, the Reserve Bank of India reduced risk weightage on consumer loans such as personal loans to 100 per cent from 125 per cent.

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Sensex, Nifty Snap Two-Day Losing Streak As Metal Shares Advance

Seven of 11 sector gauges compiled by National Stock Exchange ended higher led by the Nifty Realty index's 1.5 per cent gain.

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11 Lakh Railway Staff To Get 78 Days Wage As Bonus

The bonus will cost the government Rs 2,024 crore, Union Minister Prakash Javadekar said.

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Five Ways US Central Bank's Expected Rate Cut Could Affect Consumers

The US central bank is expected to cut its benchmark rate by one quarter of a percentage point to a range of 1.75-2 per cent, the second rate reduction this year. Broader impacts of the Federal...

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LED/LCD Televisions To Get Cheaper As Government Scraps Import Duty

In June 2017, the government had imposed a custom duty of 5 per cent on import of such panels.

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Government To Invite Bids From Global Coal Miners Before 2019-End: Report

The coal block auctions are intended to attract global miners such as Glencore PLC, BHP Group, Anglo American PLC and Peabody Energy Corp.

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How To Find Out Today's Petrol, Diesel Prices Through SMS

Indian Oil Corporation, the country's largest fuel retailer, provides an SMS-based service to the consumers, which enables them to receive information on the day's prices on the mobile phone....

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Reliance Jio To Be Among Top 100 Global Brands In 3 Years: Report

The report titled -BrandZ Top 100 Most Valuable Global Brand for 2019-, which stated that Indian consumers see Reliance Jio as -meaningfully different-, comes less than two weeks after the company...

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Petrol, Diesel Prices Hiked For Second Straight Day. Check Latest Rates

Petrol, diesel price today: Currently, domestic prices of petrol and diesel are reviewed by oil marketing companies such as Indian Oil on a daily basis. Any changes, based on international crude oil...

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Sensex, Nifty Likely To Open Higher Today

Overnight in the US, shares ticked up a tad on Tuesday with the S&P 500 gaining 0.26 per cent.

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Nirmala Sitharaman May Announce More Fiscal Measures: Report

Before that she had announced rollback of the enhanced surcharge imposed on foreign portfolio and domestic investors in Budget 2019-20.

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Sebi Bars Former CG Power Chairman Gautam Thapar From Stock Markets

Along with Gautam Thapar, Executive Director Madhav Acharya, VRVenkatesh, and non-excutive Director B Hariharan were also named in the order.

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Airtel Payments Bank Launches Bharosa Savings Account, Details Here

Airtel Payments Bank said it aims to create formal banking behaviours of usage and transactions through a bank account, all accessed through a point more close to the underserved.

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Shadow Lender DHFL's Resolution Plan Hits Roadblock

The process has been further complicated as certain bondholders have also initiated a process to take DHFL to bankruptcy court, the custodian said.

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Rupee Settles Lower At 71.78 Against Dollar: 10 Things To Know

The rupee settled 18 paise lower at 71.78 against the US dollar on Tuesday. The local currency opened lower at 71.83 and declined to an intraday low of 71.98 against the American currency before...

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Blackstone Group, Salapuria Sattva To Buy Coffee Day's Tech Park

The shares of Coffee Day Enterprises on the BSE settled at Rs 72.75 on Tuesday, lower by Rs 1.55, or 2.09 per cent, than its previous close.

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Over 6 Crore Provident Fund Accounts To Be Credited With 8.65% Interest

Over 6 crore Employees' Provident Fund Organization (EPFO) accounts will be credited with interest amount at 8.65 per cent rate for 2018-19 ahead of the festival season, Labour Minister Santosh...

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Petrol, Diesel Prices Increase Today

Brent crude, the international benchmark, fell 0.96 per centto $68.39 per barrel on Tuesday.

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Sensex Slumps 700 Points, Nifty Turns Negative For 2019: 10 Points

Indian equity markets suffered sharp losses on Tuesday amid heavy selling pressure as fears of rising crude oil prices and weakness in the rupee against the US dollar rattled investor sentiment. The...

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Over 6 Crore Provident Fund Subscribers To Get 8.65% Interest For 2018-19

The Central Board of Trustees -- the apex decision-making body of the Employees'' Provident Fund Organisation (EPFO) -- had approved 8.65 per cent interest rate for the last fiscal in February this...

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Kaveri Seeds Shares Rise 3%, Board To Consider Buyback On September 24

Kaveri Seeds share price today: By noon, 9,184 Kaveri Seed shares had changed hands on the BSE, as against an average of 23,000 in the past two weeks. Kaveri Seed shares opened higher at Rs 536.00...

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Saudi Arabia Shockwaves Rattle Indian Markets

Saudi Arabia is the second largest country India imports oil from. If the oil prices continue to rise, it could widen India's current account deficit as every dollar rise in oil price could swell the...

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Sensex, Nifty Likely To Open Lower Today

The Sensex and Nifty had ended 0.70 per cent and 0.65 per cent lower respectively on Monday, suffering their worst single-day fall in two weeks.

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RBI Allows Payment Of All Recurring Bills Via Bharat Bill Payment System

As per BBPS website, the facility would be expanded to include other types of repetitive payments like insurance premium, mutual funds, school fees, EMIs, and municipal taxes, among others.

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Allahabad Bank Board Approves Merger With Indian Bank

Finance Minister Nirmala Sitharaman had on August 30 announced the consolidation of 10 state-run banks into four large-scale lenders.

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Air India Assets Holdings' Rs 7,000 Crore Bonds Oversubscribed

Air India has a total debt of about Rs 60,000 crore and nearly half of it is to be repaid by the proceeds from issue of bonds by AIAHL.

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Rupee Plunges By 68 Paise To End At 71.60 Against Dollar: 10 Points

The rupee on Monday settled 68 paise lower at 71.60 against the US dollar. That marked first fall for the domestic currency in eight sessions. The local currency opened lower at 71.54 and declined to...

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Saving Deposits Of Banks Rose To Rs 39.72 Lakh Crore In 2018-19: RBI

The aggregate saving deposits of public and private sector banks (PSBs) stood at Rs 39.72 lakh crore as on March 31, 2019, according to Reserve Bank of India (RBI) data published in Handbook of...

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5% Growth A Surprise, Analysing Why It Happened, Says RBI Governor

Mr Das said the monetary policy committee would continue to focus on growth with inflation expected to stay within the medium term target.

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Bank Officer's Union Threaten To Go On Strike: 10 Things To Know

Four officers' organizations of public sector banks (PSBs) have threatened to go on strike opposing the consolidation of 10 state-run lenders into four. The unions have jointly given a strike call for...

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Sensex Falls 262 Points, Stages Biggest Fall In Two Weeks

Thirteen 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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Rupee Falls Over 1% Against Dollar As Crude Oil Rates Soar: 10 Points

The rupee depreciated by as much as 75 paise - or 1.06 per cent - against the US dollar hurt by soaring crude oil prices. After opening at 71.57 against the greenback, down 64 paise compared to the...

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Fuel Rates To Rise If Crude Price Stays High: Hindustan Petroleum

Fuel marketing companies fix the price of petrol and diesel at retail outlets based on an average of last 15 days of benchmark price of petrol and diesel in the Middle East.

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Oil Refiners Slump As Global Crude Prices Surge Nearly 20%

The S&P BSE Energy and Oil & Gas sectoral indices fell 2.55 per cent and 2.02 per cent respectively.

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Wholesale Inflation At 1.08% In August

In the previous month, wholesale inflation - determined by the Wholesale Price Index (WPI) - had eased to a 25-month low of 1.08 per cent.Wholesale inflation is the rate of increase in wholesale...

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Unit Of Anil Ambani's Reliance Communications Files For Bankruptcy

Anil Ambani has been waging a war on debt, and Reliance Group has said that it planned to raise about Rs 21,700 crore by selling assets from roads to radio stations in a bid to cut borrowings.

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Crude Oil Soars After Attack On Saudi Plants Shuts In 5% Of Global Supply

Brent crude futures, the international benchmark for crude oil, rose by as much as 19.5 per cent to $71.95 per barrel, the biggest intraday jump since January 14, 1991.

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Governments 70,000-Crore Stimulus No "Game Changer", Say Some Economists

On Saturday, Finance Minister Nirmala Sitharaman said the tax refund program for exporters from January 1 will cost the government Rs 50,000 crore ($7 billion) in revenue annually.

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Sensex, Nifty Likely To Open Sharply Lower Today

LIVE market updates: On Friday, the Sensex and Nifty had ended 0.76 per cent and 0.85 per cent higher, clocking a gain of 1.09 per cent and 1.18 per cent respectively for the holiday-shortened week.

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Government Steps For Housing, Exports To Support Economy: FICCI

The industry body welcomed the government's move a day after Finance Minister Nirmala Sitharaman announced steps to help the nearly stalled real estate sector and increase India's exports.

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10 Things To Know About SBI Minimum Balance Requirements

State Bank of India or SBI, country's largest lender, has set certain rules to ensure sufficient balance in the regular bank accounts of their customers. Regular savings account customers are required...

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Saudi Shares Slump After Oil Facility Attacks

The key energy sector plunged 4.7 per cent, while the telecom and banking sectors each slid three per cent.

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HDFC Bank Revises Fixed Deposit Interest Rates, Details Here

According to the latest HDFC Bank FD rates, the bank is offering 6.60 per cent interest rate on maturity period of one year to the general public on FDs of up to Rs. 2 crore.

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Aadhaar Compulsory For New Dealers From January 2020

The GST Network has also decided to complete online refunding from September 24 from the central GST or the state GST.

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Vistara Announces New Flights, Details Here

The announcement from Vistaracomes amid high competition in the country's civil aviation market.

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Stimulus Measures To Push Share Markets Higher, Say Experts

On Saturday, Finance Minister Nirmala Sitharaman announced a fresh set of measures to boost exports and the housing sector.

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Punjab National Bank Merged Entity To Become Operational From April 1

The lenders said that there will no retrenchment of staff in the merged entity.

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Dubai-Like Annual Shopping Fest In 4 Cities From 2020: Finance Minister

The shopping festivals will be in four different themes: Gold and jewellery, handicrafts/yoga/tourism, textiles and leather, an official release said.

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Rs 10,000 Crore Funding To Boost Affordable Housing: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman said the government would relax external commercial borrowing guidelines for projects in the country's affordable housing scheme. The government will make funding...

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Government To Provide Rs 10,000 Crore To Boost Affordable Housing

Finance Minister Nirmala Sitharaman said the government would also relax external commercial borrowing guidelines for projects in the country's affordable housing scheme.

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Finance Minister Nirmala Sitharaman Announces Steps To Promote Exports

The Remission of Duties or Taxes on Export Product scheme will in effect -more than adequately incentivise exporters than the existing schemes put together, the Finance Minister said.

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Clear Sign Of Revival In Industrial Production: Nirmala Sitharaman

the Finance Minister said the industrial production growth has clearly improved till the end of July compared to the last quarter of financial year 2018-19.

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SBI Opens 14th Branch In Ladakh. Guess Where Is It Located?

SBI branches: State Bank of India (SBI) said the new branch is located in Diskit, Nubra Valley (District Leh). SBI said the branch is about 100 kilometres from Leh. SBI is the country's the largest...

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Bank Employee Unions Warn Of Strike. Heres All You Need To Know

Bank strike to lead to four-day bank holiday: The two-day strike will begin on the midnight of September 25. The unions have also mentioned an indefinite stir from the second week of November - to...

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Anil Ambani-Led Reliance Home Finance Debt Instruments Downgraded By CARE

Reliance Home Finance has been directed by lenders led by the lead bank to keep servicing only the interest obligation across all lenders.

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Traders' Body Seeks Ban On Amazon, Flipkart's Festive Season Sale

CAIT also demanded a "blanket ban" on such sales and asked the government to probe the potential violation of FDI norms.

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London Stock Exchange Rejects Hong Kong's $39 Billion Takeover Offer

LSE shares rose on the news of the offer rejection and were trading up 3.3 per cent at at 7,486 pence at 1405 GMT.

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Banks' Loans Rise 10.2% In Two Weeks To August 30: Reserve Bank Of India

Outstanding loans rose Rs 9 lakh crore to Rs 96.81 lakh crore in the two weeks ended August. 30.

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Exports Decline 6% To $26.13 Billion; Trade Deficit Narrows

Export sectors that recorded positive growth in the last month include iron ore, electronic goods, spices, and marine products.

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Rupee Surges For Seventh Day In A Row, Ends 22 Paise Higher

The rupee surged for a seventh straight session on Friday to close at 70.92 per US dollar, up 22 paise, as softening crude oil prices and easing US-China trade tensions bolstered investor sentiment,...

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GST Council Meets Next Week; Tax Cut To Hinge On Revenue Position: Report

The GST Council, headed by Union Finance Minister Nirmala Sitharaman and comprising representatives of all states and Union Territories (UTs), is scheduled to meet on September 20 in Goa amidst a...

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Government Curbs Onion Shipments By Imposing Minimum Export Price

Wholesale prices in India's largest onion trading hub, Lasalgaon in Maharashtra, have nearly doubled in a month to Rs 29,500 per tonne.

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Police Probing Budweiser Beer Maker In Tax Evasion Case: Report

Local authorities barred AB InBev, the world's largest brewer, in July from selling its beer in the high profile New Delhi market for evading taxes.

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Lenders Meet On Altico's Potential Restructuring Deal Next Week: Report

A regulatory filing disclosed the Altico had defaulted on the gross principal amount of Rs 340 crore. The interest payment comes to Rs 19.97 crore.

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Flexi-Fare Scheme Removed For Humsafar Express Trains

The relief will be applicable to 35 pairs of Humsafar trains, which currently have only AC 3-tier classes, the official said.

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Nifty Resumes Upmove After A Day's Breather Led By IT, Banking Shares

All sector gauges barring the Nifty Pharma index ended higher led by the Nifty Realty index's 1.5 per cent gain.

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No Document Required For Updating Aadhaar Photo, Mobile, Email: UIDAI

Aadhaar mobile number update: In order to obtain an Aadhaar number, individuals are required to provide certain demographic and biometric information during the enrolment process. The biometric...

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Rupee Extends Gain To 7th Day, Edges Past 71 Mark Against Dollar

Rupee vs dollar (INR vs dollar) currency exchange rate today: The rupee moved in a range of 70.88-71.03 against the greenback in the first half of the session. The latest bout of rise for the rupee...

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Daunting Odds As India Targets $1 Trillion In Exports In 5 Years

Achieving that export goal is key to making India a $5 trillion economy, Commerce Minister Piyush Goyal said.

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Sensex, Nifty Set To Open On A Flat Note Today

LIVE stock market updates: On Thursday, ahead of the release of macroeconomic data, the S&P BSE Sensex had ended 166.54 points - or 0.45 per cent - lower at 37,104.28 and the broader NSE Nifty...

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Indian Exporters Must Capitalise On US-China Trade Dispute: Piyush Goyal

The government will soon come up with a credit scheme for exporters with enhanced insurance cover up to 90%, said Piyush Goyal.

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Air India Assets Holdings To Raise Rs 22,000 Crore Through Bonds

Air India Assets Holdings Ltd (AIAHL) bonds: The first tranche worth Rs 7,000 crore is set to hit the market on September 16.

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Zomato Layoffs Erase Rs 2,600 Crore From India's Info Edge

Info Edge shares, which rose 1% on September 9, have since fallen 10% as investors saw the layoffs as a sign the slowdown in consumption is spreading.

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Retail Inflation Rises To 3.21% In August, Here's What Expert Says

Annual retail inflation in August was slightly higher compared with 3.15 per cent in the previous month, and in line with analysts' forecasts.

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Consumer Inflation Hits 10-Month High Of 3.21% In August: 10 Points

Consumer inflation came in at 3.21 per cent in August, government data showed on Thursday. That marked the highest level recorded since October last year, when it had stood at 3.38 per cent. Consumer...

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Bank Officers' Union Threatens To Go On 2-Day Strike Against Mergers

A union leader also said that the nationalised banks will further observe indefinite strike from the second week of November to press for their demands.

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Consumer Inflation At 3.21% In August

Thursday's data also meant consumer inflation came in below the Reserve Bank of India's medium-term target of 4 per cent for the thirteenth month in a row.

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Rupee Advances By 53 Paise To Settle At 71.13 Against Dollar

The local currency opened higher at 71.43 and advanced to an intraday high of 71.09 against the American currency before ending at 71.13.

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India Must Get Back To 19-20% Export Growth: Piyush Goyal

Trade deficit during the month shrank significantly to $13.43 billion from $18.63 billion in July 2018 as imports contracted 10.43 per cent to $39.76 billion.

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Sensex Closes 167 Points Lower, Nifty Gives Up 11,000

Top laggards on the Sensex index were Yes Bank, Tata Motors, Maruti Suzuki and Axis Bank, which settled between 4.68and 2.74 per cent lower.

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Tata Motors Share Fall 5%

Sales of its commercial vehicles and the Tata Daewoo range declined 45 per cent to 25,366 units during the month, it said.

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Top Court Sets Aside Bail Granted To Bhushan Steel's Former CFO

Nittin Johari was arrested by the SFIO on May 2 for alleged fraudulent activities, including filing false documents with various banks.

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Walchandnagar Industries Wins Rs 77-Crore Deal From ISRO, Shares Surge

Walchandnagar Industries said it has been a strategic partner to the Indian Space Research (ISRO) since the 1970s.

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US Briefly Overtakes Saudi Arabia As Top Oil Exporter

The Paris-based agency maintained its estimate for growth in global oil demand during 2019 at 1.1 million bpd and 1.3 million bpd for next year.

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Five Simple Tips To Improve Your Eligibility For A Personal Loan

If you are not adequately prepared, the emergency can burn a hole in your pocket, or worse, cause irreparable damage to your financial health.

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Failure To Furnish Tax Return Not To Be Prosecuted In Court: Tax Body

The directive is being seen as a major move to cut down tax litigation and will save a number of assessees from legal proceedings.

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Rupee Moves Higher To 71.40 Against Dollar

INR vs USD: After opening higher at 71.43 against the greenback, the rupee climbed to as much as 71.40 at one point by early morning deals.

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United States, China Grant Trade Concessions As Fresh Talks Loom

China's decision to exempt some US goods was a "big move" by Beijing and a positive gesture before trade negotiators from both countries meet in Washington, Donald Trump told reporters at the White...

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Sensex, Nifty Likely To Open Higher Today

BSE Sensex today: On Wednesday, the S&P BSE Sensex index had ended 86.48 points - or 0.23 per cent - higher at 37,231.93 and the broader NSE Nifty benchmark finished up 32.65 points - or 0.30 per cent...

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Saudi Aramco Gives 9 Banks Top Roles On World's Biggest IPO: Report

Aramco raised $12 billion this year in its first international bond, gaining more than $100 billion in demand.

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Supreme Court Warns Amrapali Homebuyers On Payment Dues

The top court cleared the modalities by which the homebuyers can be put to notice for clearing outstanding amounts.

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ICRA Cuts Rating Of Coffee Day's Long-Term Loans

The rating action follows the delay in debt servicing by CDEL's flagship subsidiary Coffee Day Global Limited and Sical group of companies.

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Centre Proposes To Lower Majority Stake In Some State-Run Firms: Report

In 2018-19, the government raised Rs 84,972 crore from CPSE disinvestment, while in 2017-18, the figure was Rs 1,00,056 crore.

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India Wants Industry Protected In China-Backed Trade Deal: Piyush Goyal

Talks are ongoing to negotiate the China-initiated Regional Comprehensive Economic Partnership (RCEP), Piyush Goyal said.

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Rupee Ends Higher For Fifth Straight Day Against Dollar

The rupee on Monday had closed at 71.71 against the US dollar. Forex market was closed on Tuesday on account of Muharram.

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Gold Prices Fall Due To Delay In Festive Demand

In the global market, gold prices were trading higher at $1,490 an ounce in New York and silver was also up at $18.10 per ounce.

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Shadow Banks Pulling Back On Loans To Small Businesses: Moody's

Moody's does not expect LAP lending by NBFCs and HFCs to pick-up significantly in the next few months.

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Government In Talks With States On Auto Sector GST: Nitin Gadkari

the country's automobile industry, which has been heavily dented by the consumption slowdown, has been demanding a reduction in GST from 28 to 18 per cent.

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India's Fuel Demand Rises 2.8% In August, At 9-Month Low

Diesel sales fell 1.1 per cent to 6.12 million tonnes, its first year-on-year percentage decline in nine months.

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How To Upload Driving Licence In Your DigiLocker Account

DigiLocker, a cloud-based government platform, has partnered with the Ministry of Road Transport and Highways for making available digital driving licence (DL) and vehicle registration certificates...

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Nifty Gains For Fifth Straight Day; Auto, Realty Shares Surge

Eight of 11 sector gauges compiled by BSE ended higher led by the Nifty Realty index's 4.14 per cent gain.

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Hong Kong Exchanges Propose $39 Billion London Stock Exchange Takeover

"The board of HKEX believes a proposed combination with LSEG represents a highly compelling strategic opportunity to create a global market infrastructure leader," the Hong Kong exchange said in a...

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Lending Rates Likely To Come Down Going Forward: Kotak Equities

The report said wholesale deposit cost has declined sharply by 70 bps in August 2019 taking the total decline in the current fiscal year to 170 bps.

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Workers Hit Hard By Ashok Leyland's Shutdown

Ashok Leyland's combined sale declined by 50 per cent in August with a total sale of 8,296 vehicles against 16,628 vehicles sold in August last year.

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Indian AI Content Start-Up Gets $ 45 Million From Peter Thiel's Mithril

Mithril Capital, co-founded by Silicon Valley investors Thiel and Ajay Royan, is putting in the money as part of a larger financing round, according to a statement.

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India, China Feud Delays Huge Regional Free Trade Deal

Covering nearly half of the globe's population, the Regional Comprehensive Economic Partnership was proclaimed "the world's biggest regional free trade deal" when talks started in 2012.

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Yes Bank Shares Jump 8% After CEO Says Lender Near Deal To Sell Stake

Yes Bank share price: On the NSE, Yes Bank shares opened higher at Rs 66 apiece and rose to as much as Rs 68 apiece, marking an increase of 7.76 per cent.

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Nifty Set To Open Higher Today; Yes Bank Shares In Focus

Sensex, Nifty today: On Monday, the Sensex had risen 163.68 points - or 0.44 per cent - to end at 37,145.45, while the Nifty settled at 11,003.05, up 56.85 points or 0.52 per cent from the previous...

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Auto, Manufacturing Firms Lose One-Third In Market Value In A Year

During the period in consideration, the Nifty metal index has lost the most among the 11 sectors constituting the benchmark index.

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IL&FS Receives Bids Of Rs 13,000 Crore For 10 Road Assets

The bids for the road assets were opened on September 9 and the IL&FS Board is evaluating these offers.

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Amit Shah-Led Panel To Take Call On Air India Reserve Price: Report

In the financial year ending March 31, 2019 Air India is estimated to have reported a loss of Rs 7,600 crore.

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Cost Of Refinery Project With Aramco To Rise, Says Dharmendra Pradhan

The project is expected to cost $60 billion, sources told Reuters at the time, but is still expected to be commissioned in 2025.

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Post Office Offers Public Provident Fund Account, Details Here

The post office public provident fund account offers an interest of 7.9 per cent per annum, which is compounded yearly.

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Infrastructure Funding Will Start After Panel Report: Nirmala Sitharaman

A task force is in the process of identifying the infrastructure projects to be funded, said Finance Minister Nirmala Sitharaman.

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IndiGo Announces New International Flights, Details Here

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

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Goldman Sachs Cuts 2019 Oil Demand Growth Forecast

Crude oil prices have shed nearly 20 per cent from 2019 highs hit in April, partly because of an escalating trade war between the US and China.

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Jack Ma Steps Down as Alibaba's Chairman

Jack Ma, who turned 55 on Tuesday, announced last year that he would retire within a year, with the company CEO Daniel Zhang taking over as the Chairman of the board.

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RBI External Benchmark For Bank Loans Credit Negative: Moody's

The new external reference rate could either be the central bank's key lending, repo rate, or the three-month or six-month treasury bill rates.

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Yes Bank Nears Deal To Sell Stake To Tech Firm: Ravneet Gill

Shares in Yes Bank closed on Monday at Rs 63, 77 per centbelow trading levels at the start of the financial year on April 1.

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SBI Revises Fixed Deposit (FD) Interest Rates From Today

In a separate announcement,SBI has reduced its benchmark lending rate by ten basis points or 0.10 percentage points across all tenors.

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Rs 12.5 Lakh Crore of Investors' Wealth Gone In 100 Days Of Government

The Sensex has slumped 5.96 per cent or 2,357 points and the NSE Nifty 50 index has dropped 7.23 per cent or 858 points since May 30.

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SBI Home Loans Get Cheaper From Today, Details Here

State Bank of India's MCLR, the rate to which all of its loans are linked, now stands at 8.15 per cent for the one-year tenor, from 8.25 per cent earlier, according to SBI's statement.

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Financial Markets To Remain Closed On Tuesday For Muharram

The rupee, on the other hand, settled flat at 71.71 against the US dollar.

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IL&FS To Run Gurgaon Metro Till September 17: High Court

The IL&FS is now facing bankruptcy proceedings in the National Company Law Appellate Tribunal, putting the rail service at risk of closure.

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Jewellery Industry Hit By "Recession", Job Losses Likely: Industry Body

In the Union Budget for 2019-20, customs duty on imported gold was raised from 10 per cent to 12.5 per cent.

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Inflation Seen At 10-Month High In August But Rate Cut Hopes Alive: Poll

Food prices, which account for nearly half of the inflation basket, have been rising largely due to the impact of inconsistent rainfall on crops.

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Rupee Closes Higher For Fourth Straight Day Against Dollar: 5 Points

The rupee witnessed volatility during today's session and hovered between 71.50 and 71.73 against the dollar.

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IDBI Bank Repo-Linked Retail Loans Effective From October 1

IDBI Bank had earlier said that it would introduce repo rate-linked home and auto loans with effect from September 10.

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Asian Equity Valuations Fall To Lowest In 3 Months In August

China, Hong Kong and South Korea were the lowest-cost shares in the region, with P/E multiples of about 11 or less.

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Gold Prices Fall By Rs 300 On Weak Demand

In the international market, gold was trading flat at $1,506 per ounce in New York, while silver traded lower at $18.05 an ounce.

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India Post Payments Bank Rolls Out Aadhaar Enabled Payment Services

With AePS services, a person with a bank account linked to Aadhaar can perform banking services irrespective of the bank they hold their account with.

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Nifty Ends Above 11,000 For First Time In Over A Week Led By Banks

All but one sector gauges compiled by National Stock Exchange ended higher led by the Nifty PSU Bank index's 1.61 per cent gain.

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Tribunal Quashes 2-Year Sebi Ban On PwC In Satyam Scam

SAT said, only the auditors watchdog ICAI can take any action against its members and fraud cannot be proved on the basis of negligence in auditing.

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Shadow Banks To Face Growth, Funding Headwinds: India Ratings

India Ratings and Research (Ind-Ra) has revised its sector outlook on NBFCs to "negative" from "stable".

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Monthly Passenger Vehicle Sales Log Worst-Ever Drop In August

Passenger vehicle sales plunged 31.57 per cent year-on-year to 196,524 units in August, falling for the 10th straight month.

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Ashok Leyland Declares "Non-Working Days" Citing Weak Demand

Ashok Leyland shared details of a total 59 "non-working days" at its plants located in Ennore, Hosur, Alwar, Bhandara and Pantnagar.

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Baba Ramdev's Company Makes New Acquisition For $600 Million

Patanjali Consortium Adhigrahan Pvt. -- a venture by Patanjali Ayurved Ltd. and three other companies -- will merge with Ruchi Soya.

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India's Big Problems In Dealing With World's Worst Bad-Loan Mess

Of the nation's 12 largest delinquent borrowers which the Reserve Bank of India asked lenders to push to bankruptcy in 2017, only six have been resolved so far.

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SBI Cuts Interest Rates On Home Loans, Fixed Deposits

SBI interest rate: The move marked the fifth consecutive reduction in MCLR by the country's largest bank so far this financial year.

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Opinion: Investors' Biggest Worry Should Be Vanishing New Roads In India

Highways can act as a powerful stimulus by creating new construction jobs, spawning fresh orders for excavators, graders and rollers, and putting spending money in the hands of people whose land is...

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LIVE Market Updates: Sensex, Nifty Set To Open Higher Today

The Sensex and Nifty had ended 337.35 points - or 0.92 per cent - and 98.30 points - or 0.91 per cent - higher respectively on Friday. The Sensex index settled at 36,981.77 while the broader Nifty...

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18 PSU Banks Hit By Frauds Worth Rs 32,000 Crore In June Quarter: Report

As many as 1,197 cases of cheating involving Rs 12,012.77 crore were detected in SBI in the first quarter, according to the report.

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SBI Flexi Deposit Scheme: Interest Rates And Other Details

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

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Oil Companies Flag Issues In Rationalising Taxes On Jet Fuel

According to government estimates, if a direct-billing mechanism is implemented, airlines would be able to save around Rs 400 crore per year.

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SBI Sought Issuance Of 147 Look Out Circulars In Last Five Months: Report

In FY19, the banking sector reported 6,801 frauds involving Rs 71,542.93 crore, the Reserve Bank of India has said in its latest report.

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Fuel Supplies Restored To Air India At 6 Airports

Fuel supplies were suspended on August 22 amid reports that the national flag carrier owed three state-run oil firms more than Rs 4,500 crore.

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Post Office Offers Senior Citizen Savings Scheme, Details Here

Investments under the post office senior citizen savings scheme (SCSS) also qualify for the benefit of Section 80C of the Income Tax Act.

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Centre Likely To Infuse Capital In BSNL, MTNL: Report

The funds infusion in both BSNL and MTNL will be through bonds as has been the case of PSU bank recapitalisation, according to the report.

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Petrol Rates Cut Across Metros, Check Prices Here

Petrol prices were cut by 6 paise per litre in the four metros compared to the previous day's rates, data from Indian Oil showed.

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Expected Economic Growth Measures, Macro Data To Guide Markets: Experts

The government is expected to announce some more growth inducing measures especially for the real estate sector during the week.

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"Painful Decision": Zomato Sacks 541 Employees As Automation Improves

The reason behind the move is an improved Zomato platform with Artificial Intelligence (AI)-driven bots and automation in resolving customer queries that has led to an overall reduction in direct...

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Atal Pension Yojana: Eligibility, Contribution And Other Details

Opening an APY account requires the applicant to hold a savings account either with a bank or a post office, according to NSDL.

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Working With Regulators For Securities Lending Product: RBI Deputy Governor

RBI deputy governor said in the next five years the demand for bonds will significantly outstrip the supply.

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Here's All You Need To Know About Filing A Belated Income Tax Return

When income tax return is not filed within the due date, interest under section 234A of Income Tax Act is levied. The taxpayer is liable to pay simple interest at 1 per cent per month or part of a...

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Bank Of India Revises Fixed Deposit Interest Rates

According to the latest Bank of India FD rates, the bank is offering 4.25 per cent interest rate on maturity period of 7-14 days to the general public on FDs below Rs 2 crore.

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IndiGo Announces New International Flights, Details Here

Customers willing to avail the services can book flight tickets via IndiGo's official website- goindigo.in, the carrier said. The announcement from IndiGo comes amid high competition in the country's...

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Inflation Completely Under Control: Nirmala Sitharaman

Annual retail inflation in July was 3.15 per cent, down from an eight-month high of 3.18 per centin June.

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Tax Notice To Be Issued With Document ID Number Starting October

From October 1, any notice issued by the Income Tax department for tax claim will have to be issued with a Document Identification Number (DIN).

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Six JioFiber Monthly Tariff Plans Offer 150-5,000 GB Of High Speed Data

JioFiber monthly plan price: The top three JioFiber plans priced from Rs 2,499 to Rs 8,499 per month include "platform access to first day-first show" movies and sports content additionally.

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India's Gold Demand Ticks Up Ahead Of Festivals, Subdued Elsewhere

Gold futures in India, the biggest bullion consumer after China, were trading around Rs 38,504 per 10 grams on Friday.

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Rupee Rises For Third Straight Day, Ends At 71.72 A Dollar: 10 Points

The Indian rupee rose for third straight day against the US dollar on Friday as signs of easing trade tensions between US and China lifted investors' sentiment news agency Press Trust of India...

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Government Open To Take Auto Industry Proposal To GST Council: Minister

At present, the entire auto sector suffers from a sales downturn due to several factors like high GST rates, farm distress, stagnant wages and liquidity constraints.

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Here Are The Service Charges Levied By IRCTC For Ticket Bookings

A maximum of 6 tickets can be booked by an individual user in a month via IRCTC's website/app. However, the ceiling limit has been raised to 12 tickets for the individual users, where accounts are...

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Sensex Surges 337 Points, Nifty Settles Above 10,900

Maruti Suzuki, Tech Mahindra, Tata Steel, NTPC and Axis Bank led gains on the NSE index.

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Centre To Infuse Rs 12,000 Crore In State General Insurance Firms: Report

The Budget had provisioned Rs 70,000 crore for PSB recapitalisation and last week a Rs 55,250-crore infusion was announced in several PSBs.

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Unified Payments Interface (UPI) Transactions Jump Six Times In 2019-18

Out of these, the number of UPI transactions increased to 535.34 crore in 2018-19, from 91.52 crore the previous year.

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Oriental Bank Reveals Loan Exposure To Nirav Modi, Mehul Choksi

The Oriental Bank has now issued notices declaring the duo and their companies as 'Willful Defaulters' for varying loan amounts, totaling to around Rs 289 crore, at their large corporate branch, Cuffe...

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Prabhat Dairy Hits 20% Upper Circuit On Delisting Proposal

Prabhat Dairy will hold meeting of its board of directors on September 10 to consider the delisting proposal.

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Sun Pharma Says Sebi Ordered Forensic Audit Of Its Accounts, Shares Fall 4%

On the Bombay Stock Exchange (BSE), Sun Pharma declined as much as 4.01 per cent to an intraday low of Rs 414.60 apiece.

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Tech Mahindra Signs Multi-Year Deal With US-Based AT&T, Shares Jump

In a regulatory filing after market hours on Thursday, Mumbai-based Tech Mahindra said it will expand its strategic collaboration to accelerate AT&T's IT network application, shared systems...

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Mother Dairy Hikes Cow Milk Prices From Today: 5 Things To Know

Mother Dairy supplies around 30 lakh litre milk, of which 8 lakh litre constitutes cow milk, in the Delhi-NCR region.

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Rupee Moves Higher To 71.67 Against Dollar

The rupee has witnessed a significant decline since the start of this year amid sustained foreign fund outflows and weak macroeconomic environment.

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Ashok Leyland Announces 5 Non-Working Days At Chennai Plant From Today

The development comes as the country's auto sector is struggling against a slump in sales and lakhs of estimated job cuts.

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Sensex, Nifty Set To Open Higher Today

On Thursday, the Sensex had ended 80.32 points lower at 36,644.42 and the NSE Nifty nearly unchanged at 10,847.90.

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Banks Unlikely To Reduce Lending Rates Despite New Rules: Analysts

The RBI late on Wednesday ordered all banks to link certain loans to the external benchmark based interest rate from October 1.

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Tribunal Approves JSW Steel's Takeover Of Bhushan Power & Steel

The ruling means JSW Steel can make its first major steel company acquisition under the new bankruptcy regime.

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Reliance Industries Targets More Retail Acquisitions Abroad

Under Mukesh Ambani, Reliance Industries is pivoting from an oil-led conglomerate into a more consumer-facing company.

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Rupee Closes Higher At 71.84 Against Dollar

During the day, the domestic unit shuttled between a high of 71.79 and low of 71.98. The rupee had settled at 72.12 against the dollar on Wednesday.

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JioFiber's "Fiber To Home" Service Launched. Here Is How To Get It

JioFiber's monthly rental plans start from Rs 699 and go up top Rs 8,499 offering minimum internet speed of 100 Mbps and speeds can go up to 1 Gbps.

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"Fiber-To-The-Home" Service JioFiber's Tariff Plans Explained Here

Reliance Jio is offering JioFiber monthly pre-paid plans in six different price categories which vary from Rs 699 to Rs 8,499.

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Jio Starts Broadband Internet Service JioFiber, Plans Start At Rs 699

JioFiber plan rentals start at Rs 699 and go up to Rs 8,499 and even the lowest tariff starts with 100 Mbps speed.

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PNB Board Approves Merger With Oriental Bank, United Bank Of India

PNB's board also approved the Rs 18,000 crore capital infusion, as announced by the government last week.

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JioFiber Launch Today: All You Need To Know About The Preview Offer

Under its "JioFiber preview" offer, Reliance Jio Infocomm, the telecom arm of billionaire Mukesh Ambani-led Reliance Industries, offers internet at speeds up to 100 Mbps free for a limited period...

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Infrastructure Spending To Increase To Help Auto Industry: Nitin Gadkari

Nitin Gadkari said new construction projects would generate a demand for automobile construction equipment such as trucks.

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Sensex, Nifty End On Subdued Note As Banking Shares Drag

The benchmark indices ended on a subdued note on Thursday owing to selling pressure in banking and financial services shares.

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IndiGo Offers Discount On Domestic, International Flights. Details Here

The travel period under IndiGo's offer is valid from September 11 to September 25. Passengers can avail the discount by using the promo code "SALE10" on bookings done via IndiGo's portal or mobile...

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Foreign Investment Inflows To Remain Under Pressure: India Ratings

Ind-Ra believes the shift in global monetary policy conditions to a relatively "accommodative" stance is unlikely to revive capital flows into India.

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JioFiber To Launch Today: Here Are The Prices, Plans, Other Details

Reliance Jio Infocomm, the telecom arm of billionaire Mukesh Ambani-led Reliance Industries, will commercially launch JioFiber today. JioFiber, an optical fiber-based fixed-line broadband service,...

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Reliance Jio Set To Launch Broadband Service JioFiber Today

Reliance Industries chairman and managing director Mukesh Ambani had last month said JioFiber will be launched on a commercial basis on September 5, the third anniversary of the launch of the group's...

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India's BPCL Buys American Oil Headed To China, Diverted After Tariffs

Beijing announced it would impose the 5 per cent levies -- the first ever Chinese tariffs on US oil -- on August 23 and they took effect September 1.

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PNB Shares Rise Over 3% After Moody's Upgrade

On August 30, Finance Minister Nirmala Sitharaman announced that PNB will be merged with Oriental Bank of Commerce (OBC) United Bank.

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Rupee Moves Above 72 Mark Against Dollar

The rupee opened higher at 71.85 against the greenback, and climbed to as high as 71.84 at one point by morning deals.

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Mukesh Ambanis Reliance JioFiber Broadband Service Comes With Free TVs

Country's video-on-demand market could grow to $5 billion by 2023 from $500 million last year, according to researcher Boston Consulting Group.

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Government's Dependence On RBI Payout Leaves Budget Funding At Risk

Slower economic growth has made it harder for the government to improve tax collections and the boost from the central bank and assets sale program are unlikely to be repeated.

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Rupee Unlikely To Regain Lost Ground Against Dollar In Coming Year: Poll

Slowing growth concerns pushed central banks across a group of 37 developing economies to deliver a net fourteen interest rate cuts last month - the largest since the financial crisis.

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Nifty Set To Open Higher Today; Reliance Industries Shares In Focus

On Wednesday, the S&P BSE Sensex index and the broader NSE Nifty benchmark had ended 162 points (0.4 per cent) and 47 points (0.4 per cent) higher.

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Banks Asked To Link Floating Rate Loans With External Benchmark Rates

The central bank has allowed the banks to choose one of the several benchmarks such as the RBI's policy repo rate.

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Maruti Suzuki To Shut Down Gurugram, Manesar Plants For 2 Days

Maruti Suzuki India Limited announced that it will stop production for two days on September 7 and 9 at its Gurugram and Manesar plants.

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RBI Asks Banks To Link Some Loans To External Benchmark

The RBI said lenders would now have to link all new floating rate personal or retail loans and floating rate loans to MSMEs to an external benchmark.

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Rupee Closes Higher At 72.12 Against Dollar

The rupee opened at 72.20 and touched an intraday high of 71.96 against the American currency before settling at 72.12.

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Jet Creditors To Recover $300-$400 Million In Case Of Liquidation: Report

Jet Airways stopped flying in April after running out of cash, leaving thousands without jobs and pushing up air fares across the country.

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LinkedIn Ranks OYO As The Top Indian Startup To Work For

LinkedIn measured the start-ups based on four parameters which are employment growth, engagement, job interest and attraction of top talent.

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Steps To Check Income Tax Return (ITR) Status Online

The taxman said that the total number of ITRs filed from April 1 to August 31 this year rose to 5.65 crore, compared to the corresponding period a year ago.

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India May Miss Deficit Target Amid Pressure For More Stimulus: Report

Tax collections could fall by as much as Rs 1 lakh crore ($14 billion), or 4 per cent of $344 billion annual target, according to the report.

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Sensex, Nifty Rebound A Day After Falling The Most In Nearly 2 Months

Six of 11 sector gauges compiled by National stock Exchange ended higher led by the Nifty Metal index's 1.7 per cent gain.

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Mumbai Rains: List Of Trains Rescheduled, Terminated Today

The Meteorological Department has issued a 'red alert' for various places, including Mumbai city and suburbs, Thane and Palghardistricts, for next 24 hours in wake of the heavy rains.

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US-China Trade War May Escalate Further, Says Moody's

Trade relations between the US and China soured further on August 23 after China announced new retaliatory tariffs on imports from the US.

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Amazon India Plans To Scrap Single-Use Plastic Packaging By June 2020

Amazon India will roll out paper packing material across the country by the end of 2019, its vice president of customer fulfilment, Akhil Saxena, said on a call.

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Maruti Suzuki To Shut Gurugram, Manesar Manufacturing For 2 Days

Maruti Suzuki shares fell as much as 3.72 per cent to Rs 5,824.50 apiece on the BSE.

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Services Growth Slows In August On Weaker Demand: Survey

Country's economy grew at an annual rate of 5.0 per cent last quarter, its slowest in more than six years and significantly lower than 5.7 per cent predicted in a Reuters poll.

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August Gold Imports Hit Three-Year Low As Prices Jump To Record: Report

Lower imports by the world's second biggest consumer could cap gains in global prices that are trading near their highest level in over six years, but help the south Asian country in bringing down the...

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Auto Stocks Extend Losses On Weak Sales Numbers, Tata Motors Dips Over 5%

The S&P BSE Auto index on the Bombay Stock Exchange fell 1.33 per cent at one point of time.

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Rupee Rises By 21 Paise To 72.18 Against Dollar

The dollar index against a basket of six major currencies stood at 98.938 after rising overnight to 99.37, its highest level since May 2017.

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Amid Growth Plunge, Why There's An Almost 7% Rise In Power Demand

The states of Haryana and Gujarat, also manufacturing hubs, saw electricity requirement growing at a weaker 2.9 per centand 5.3 per cent compared with the previous year's 7.5 per cent and 8.8 per...

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Sensex, Nifty Set To Open Higher As Indicated By SGX Nifty

The plunge in the markets wiped off Rs.2.56 lakh crore worth of investors' wealth

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Crisis Among Shadow Banks Pushes Up Funding Costs Overseas: Report

India's slowest economic growth in six years has prompted predictions for deeper interest-rate cuts, but that's yet to translate into easier borrowing conditions at home for the shadow lenders.

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India May Have Entered 'Quasi-Recession' As Growth Slumps: Economists

While the standard macroeconomic definition of a recession is two consecutive quarters of shrinking GDP, a significant decline in economic activity spread across months is another often-used...

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RBI-Appointed Task Force Recommends Moves To Ease Credit Markets

It also proposed setting up a self-regulatory body to standardize loan documents and promote transparency in the secondary market.

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Budweiser Beer Maker AB InBev's Plea To Put Delhi Ban On Hold Rejected

AB InBev is the second biggest player in Indias $7 billion beer market, accounting for a 17.5 per cent market share.

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Centre Likely To Announce Measures For Real Estate Sector Soon: Report

The government is likely to increase the ambit of affordable houses from Rs 45 lakh to Rs 70 lakh, according to the report.

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Rupee Closes At 9-Month Low Against Dollar

The slump marked rupee's worst single-day fall since August 5 and the lowest closing level since November 13, 2018.

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Bad Loans May Come Down To Rs 9.1 Lakh Crore By March 2020: Study

There is significant potential opportunity for stressed-assets investors, given around Rs 9.4 lakh crore NPAs in the banking system as on March 31, 2019, the study said.

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Gold Prices Jump Over Rs 500 On Global Cues

In the international market, gold prices ruled at $1,530 an ounce in New York while silver was quoted at $18.50 an ounce.

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Missed Income Tax Return (ITR) Filing Deadline? Here Are Your Options

There are three categories of individual taxpayers- individuals (below the age of 60 years) which includes residents as well as non-residents, resident senior citizens (60 years and above but below 80...

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Payment Wallets PhonePe, Paytm Get 6 More Months To Comply With KYC Norms

Becoming full KYC complinat would mean that the mobile wallet service providers would have to do a physical verification of their customers.

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Sensex, Nifty Fall Most In Nearly 2 Months On Growth Concerns: 10 Points

The S&P BSE Sensex and NSE Nifty 50 indexes witnessed sharp declines today after the government data on Friday showed that the country's economic growth fell to over six-year low of 5 per cent against...

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Cabinet approves one-time capital infusion of over Rs 9,000 crore in IDBI Bank by government, LIC; shares jump 11%

Cabinet approves one-time capital infusion of over Rs 9,000 crore in IDBI Bank by government, LIC; shares jump 11%

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Why The Fate Of Samsung's Billionaire Heir Turns On Horses

Jay Y Lee took a more active and urgent interest in the matter after a second meeting where Park told him again to "buy a good horse," said the court.

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As GDP Slows, RBI May Cut Repo Rate By 40 Basis Points: Report

The report also reduced India's estimated GDP growth rate to 5.8 per cent for the current fiscal year, from its earlier estimate of 6.3 per cent.

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Top Court Seeks NBCC Response On Completing Stalled Jaypee Group Projects

The bench said it will first look what NBCC has to offer and only then it may look into Jaypee group''s fresh proposal.

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Auto Stocks Fall As Sales Drop; Two-Wheeler Makers Buck Trend

The Nifty Auto index fell as much as 1.73 per cent, dragged by Tata Motors, Mahindra & Mahindra and Eicher Motors shares. The S&P BSE Auto index on the Bombay Stock Exchange fell 1.62 per cent at one...

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Sensex Plunges Over 500 Points As GDP Growth Hits 6 Year Low: 10 Facts

The S&P BSE Sensex and NSE Nifty 50 indexes slumped on Tuesday after the government data on Friday showed that the country's economic growth fell to over six-year low of 5 per cent against an estimate...

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Anil Ambani's Shipyard Risks Insolvency As Banks Spurn Debt Plan

Any court ruling favoring the banks would deal another blow to the tycoon's stressed empire after his wireless carrier slipped into insolvency earlier this year.

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Most Asian Units Slip As Trade Tensions Weigh; Rupee Falls Most

The Indian rupee and the Malaysian ringgit were the worst performers in the region, playing catch up with peers as both markets re-opened for trade after a holiday on Monday.

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State-Run Banking Shares Slump After Mega Merger Announcement

The Nifty PSU Bank Index was down 3.2 per cent underperforming the benchmark Nifty which was down 1 per cent.

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ONGC Shares Fall Over 3% After Fire Breaks Out At Its Plant

On the Bombay Stock Exchange (BSE), ONGC shares fell as much as 3.05 per cent to an intraday low of Rs 117.50 apiece.

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Rupee Falls By 67 Paise To 72.09 Against Dollar

The rupee had appreciated by 38 paise to close at a two-week high of 71.42 against the US dollar on Friday led by a rally in domestic equities and renewed hopes of the US-China trade talks.

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Netflix's Indian Rival ALT Balaji Eyes Profits With 60 New Shows

Digital subscribers in India are expected to increase to about 110 crorein 2030 from 52.8 crore in 2018, according to KPMG India.

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Sensex Plunges Over 350 Points, Nifty Near 10,900

Domestic stock markets started Tuesday's session on a sharply weak note, after government data showed economic growth slowed to a six-year low in the June quarter. The S&P BSE Sensex fell as much as...

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Punjab National Bank To Consider Infusion Of Rs 18,000 Crore

PNB had earlier said that its board would consider capital infusion of Rs 16,500 crore by the government in its September board meet.

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Tata Steel To Shut Some Operations In United Kingdom

Tata put up five of its non-core businesses in Europe on sale in May 2018 as it looked to focus on its strip products business.

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Foreign Investors Continue To Sell Shares Despite Surcharge Rollback

Following the FPI tax surcharge announcement on July 5, the key indices fell sharply from their lifetime highs owing due to outflow of foreign funds.

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GDP Growth To Rebound At Slower Pace: Fitch Solutions

Fitch Solutions also trimmed GDP forecast for the current fiscal year to 6.4 per cent from 6.8 per cent previously.

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Opinion: Bank Mergers No Silver Bullet, Gains May Take Years To Show

The new round of consolidation will bring down the number of state-run banks to 12 from 27 just a few years ago.

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Automakers Demand Tax Cuts, Analysts Slash Forecasts As Sales Plummet

Data from Tata Motors and Mahindra & Mahindra, which together account for about two-thirds of the commercial vehicles market, show that sales of trucks, an indicator of economic activity, fell by...

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Here's How Much You Pay For Petrol And Diesel Today

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

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Growth, Rate-Cut Revisions By Economists After Shock GDP Slump: Report

The slump will put the onus on the RBI to continue cutting interest rates after 110 basis points of easing already this year, the economists said.

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Seizures Of Smuggled Gold Jumps In June Quarter: Report

The World Gold Council has said up to 95 tonnes of gold was smuggled into India in 2018.

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Core Sector Growth Slows Down To 2.1% In July

Core sector comprises of eight sectors such as coal, crude oil and electricity, accounts for nearly 40 per cent of India's industrial output.

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Taxman Verifies 3.61 Crore Out Of 5.65 Crore Income Tax Returns Filed

According to current income tax laws, the amount of late filing fee in case of a belated income tax return cannot exceed Rs. 1,000 if the assessee's total income is below Rs 5 lakh.

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

In Delhi, gold of 99.9 per cent and 99.5 per cent purity fell by Rs 40 each to Rs 39,600 and Rs 39,430 per 10 grams, respectively.

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Global Stocks Fall As New US-China Tariffs Sour Global Outlook

MSCI's All-Country World Index, which tracks shares across 47 countries, was down 0.1 per cent on the day.

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PAN To Be Created Automatically If Tax Return Using Aadhaar: 10 Facts

The Permanent Account Number or PAN will be generated automatically if an individual files income tax return using Aadhaar number, according to a notification issued by the Central Board of Direct...

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US-Based Tiger Fund Increases Equity Holding In Flipkart: Report

The $514-billion Walmart acquired a majority stake (77 per cent) in Bengaluru-based Flipkart on May 9, 2018 for a whopping $16 billion (Rs 107,662 crore) at $67.3 per share.

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Hero MotoCorp Two-Wheeler Sales Down Nearly 21% In August

Hero MotoCorp shares climbed 9.15 per cent in August. The financial markets remained closed on Monday on account of Ganesh Chaturthi. Trading will resume next on Tuesday, September 3.

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Manufacturing Growth At 15-Month Low In August: Survey

A sub-index tracking overall demand hit its weakest in more than a year and foreign orders increased at their slowest pace in 16 months.

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Tata Motors Sales Decline 48% In August

Tata Motors said it sold a total of 21,824 commercial vehicles in the domestic market last month. That marked a fall of 45.25 per cent compared with the corresponding period a year ago.

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Non-Subsidised LPG Rate Hiked, Here's How Much You Pay This Month

LPG cylinder rate: In July and August, the non-subsidised prices of LPG were lowered by a total Rs 163 per cylinder (14.2 kilograms) each in Delhi and Mumbai. In Kolkata and Chennai, the...

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Financial Markets To Remain Closed On Monday For Ganesh Chaturthi

The stock and forex markets will resume trading on Tuesday, September 3.

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Highest Ever E-Returns Filed In A Single Day On August 31: Taxman

The Information Security team of I-T Department thwarted over 2,205 malicious attacks on the website aimed at disrupting services in the peak period.

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Mahindra & Mahindra Domestic Vehicle Sales Drop 26% In August

The company sold a total 33,564 units of vehicles during the month in the country, against 45,373 units during the corresponding period last year.

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SpiceJet Extends Sale, Offers Flight Tickets From Rs 1,299

On bookings made through its portal, SpiceJet is offering a 25 per cent off on meals, seats and premium service SpiceMax.

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GST Collections At Rs 98,202 Crore In August

The gross revenue collections from the Goods and Services Tax (GST) in July stood at Rs 1.02 lakh crore.

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There Won't Be Single Job Loss Due To Banks' Merger: Nirmala Sitharaman

The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger lenders.

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Maruti Suzuki Sales Fall 33% In August

The company sold a total of 1,06,413 units, including exports, last month, compared to 1,58,189 vehicles in August 2018, Maruti Suzuki said.

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Investors Should Allocate 10% Of Assets In Physical Gold: Mark Mobius

Mark Mobius also said the consumer market in India will be growing rapidly and drive economic growth in years to come.

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Punjab National Bank Revises Fixed Deposit Interest Rates From Today

On fixed deposits of 1-3 years maturity period, Punjab National Bank (PNB) has lowered its interest rates by 0.25 percentage point.

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Auto Sales May Plunge Up To 30% In August: Poll

As per SIAM figures, domestic passenger car sales in July plunged by 35.95 per cent to 122,956 units against 191,979 units sold in July 2018.

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SBI Repo-Linked Home Loan Rate Falls From Today, Details Here

A repo rate-linked home loan means that any changes in the key interest rate by the central bank are passed on directly to the customers.

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Macro Data, Auto Sales Figures To Impact Equity Indices: Analysts

Trends in global markets and the rupee's movement against the US dollar will also dictate trend of key indices, said the report.

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