Coal India's October Production May Fall 20%

The miner, which has a target to produce 57.17 million tonne for the month, has actually produced 37.92 million tonne of coal till October 30, according to the data.

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Rupee Ends Nearly Flat At 70.92 Against Dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.43 per cent to 97.22.

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Core Sector Output Shrinks By 5.2% In September

During the April-September period, the growth of core industries fell to 1.3 per cent against 5.5 per cent in the year-ago period.

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Banks Asked To Probe Alleged Data Leak Of 13 Lakh Cards: Report

Banks should secure the customers' data by performing a preliminary analysis of the leaked card information online, the RBI notice said.

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Government Not Considering Gold Amnesty Scheme: 10 Things To Know

The government is not considering any gold amnesty scheme, Finance Ministry sources said on Thursday. The clarification by Finance Ministry officials followed media reports that had suggested the...

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How To File An Online Claim For Provident Fund Withdrawal

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

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Sensex, Nifty Gain For Fifth Straight Session Led By SBI, Infosys

The S&P BSE Sensex and NSE Nifty 50 index rose for fifth day in a row led by gains in State Bank of India, Yes Bank, Infosys, HDFC and Tata Consultancy Services. For most part of the day, the...

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Indian Oil Profit At Rs 563 Crore In September Quarter

Expenses stood at Rs 1,32,209.26 crore in the July-September period, as against Rs 1,47,801.53 crore in the year-ago period.

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No Proposal To Launch Gold Amnesty Scheme: Report

There is no such gold amnesty scheme under consideration of Income Tax Department as being reported in media, the sources said.

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Cognizant To Exit Some Content Moderation Businesses

The exit from some parts of the content moderation business will hurt financial performance in the coming year, Cognizant said.

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Yes Bank Jumps 35% On $1.2-Billion Investment Offer From Global Investor

Yes Bank shares surged as much as 35 per cent to hit an intraday high of Rs 76.65 after it received a binding offer of investment worth $1.2 billion from a global investor.

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Here Are Latest Fixed Deposit Interest Rates Offered By HDFC Bank

According to the latest HDFC Bank FD rates, the bank is offering 6.45 per cent interest rate on maturity period of one year to the general public on FDs of up to Rs2 crore.

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Sensex Hits All-Time High, Nifty 180 Points Shy Of Record High

Domestic stock markets clocked a new all-time high on Thursday backed by buying in banking and IT sectors. The S&P BSE Sensex index jumped as much as 293.12 points to touch 40,344.99 at the day's...

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Federal Reserve Cuts Interest Rates For Third Time This Year

However, Federal Reserve signaled there would be no further reductions unless the economy takes a turn for the worse.

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Industry Body COAI Warns Of Telecom Catastrophe, Reliance Jio Disagrees

Bharti and Vodafone Idea have been spooked by the Supreme Court's decision last week to uphold a government demand that will force the companies to pay the bulk of Rs 92,000 crore ($13 billion) in...

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Sensex Nifty Likely To Open Higher Today Ahead Of F&O Contracts Expiry

Sensex, Nifty LIVE Market Updates: The Sensex had ended 220.03 points - or 0.55 per cent - higher at 40,051.87 and the Nifty settled at 11,844.10, up 57.25 points (0.49 per cent) from its previous...

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Airtel Hopeful Of Balanced Approach On Adjusted Gross Revenue Issue

This comes a day after a Panel of Secretaries was formed to suggest ways to mitigate the financial stress in the telecom sector.

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Pension Regulator Allows Overseas Citizens To Invest In NPS

The NPS was initially notified for Central government employees joining service on or after January 1, 2004 and subsequently adopted by almost all State Governments for its employees.

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IndiGo Launches New Flights, Tickets Start From Rs 1,898

The announcements from IndiGocome amid high competition in the country's civil aviation market.

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Rupee Ends Lower At 70.90 Against Dollar

Continuing with their bullish outlook, foreign institutional investors bought equities worth Rs 7,192.42 crore on Wednesday, exchange data showed.

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Government Unlikely To Go For Income Tax Cut Due To Fiscal Stress: Report

The report also said the government has already given several exemptions to taxpayers, including making income of up to Rs 5 lakh exempt from tax.

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US Economy Slows To 1.9% In Third Quarter

GDP expanded 1.9 per cent in the July-September period, well above economists' expectations but a notch lower than the second quarter's 2.0 per cent.

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Not Approached Lenders For Debt Recast: Vodafone Idea

The Supreme court ruling last week was part of a 14-year legal dispute over the way telcos calculate revenue.

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SBI's New Rates On Savings Deposit To Take Effect From November 1

In May this year, SBI had linked its large savings deposits rates to the RBI's repo rate, offering an interest rate of 275 basis points lower the repo rate on savings account deposits with balance of...

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Sensex Closes Above 40,000 For First Time In Over 4 Months

The S&P BSE Sensex closed above its important psychological level of 40,000 for first time since June 4 led by gains in Tata Consltancy Services, Reliance Industries, ITC, State Bank of India and...

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Saudi Aramco To Keep 4.6 Million Barrels Of Oil In Indian Storage: Centre

Global oil producers are eager to gain a foothold in India, where fuel demand is expected to keep rising as the country's economy grows.

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Amazon Pumps In Around Rs 4,500 Crore Into India Units

Documents filed with the Registrar of Companies showed that Amazon had pumped the money into its retail, food and payments units.

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Sensex Reclaims 40,000, Nifty Firm Above 11,800: 10 Things To Know

The S&P BSE Sensex and NSE Nifty 50 indexes were trading firmly higher in trade on Wednesday paced by gains in Bharti Infratel, Zee Entertainment, Infosys, Bharti Airtel, Nestle India and ITC. The...

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Opinion: Opinion: A Bold Decision In Bangkok Trade Talks Will Shore Up Brand Modi

At this stage in its development, India needs more trade, not less. As country after country in East Asia has demonstrated.

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Stock Market Live Updates: Sensex, Nifty Set For A Flat Start

In yesterday's session, Sensex surged 582 points and the Nifty climbed 160 points to settle at 11,787.

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Competition Watchdog To Probe SoftBank's Oyo, MakeMyTrip

Both Oyo and MakeMyTrip allow guests to book hotels through their mobile apps while charging hotels a fee on room revenue, but Oyo also franchises its brand and offers standardized amenities at hotels...

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RBI Imposes Rs 1 Crore Penalty On Bandhan Bank

The bank had recently merged with Gruh Finance, which brought down the shareholding of the promoter from 82.26 per cent to 60.96 per cent.

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Now Aviation Regulator Tells GoAir To Change Engines In 13 Aircraft

The development comes a day after DGCA instructed IndiGo to install at least one modified engine in 16 of its A320neo aircraft within the next 15 days.

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Rupee Ends Higher At 70.84 Against Dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.08 per cent to 97.84.

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Ministry To Order SFIO Probe Into DHFL Financial Irregularities: Report

The Registrar of Companies' (RoC) regional office in Mumbai has recommended action by the SFIO against DHFL in its report submitted to the Corporate Affairs Ministry two days ago, the official said.

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Cabinet Secretary-Led Group To Look Into Telecom Sector Woes: Official

The country's cabinet secretary will head a team of bureaucrats that will look into measures, including a postponement of payment related to the spectrum auction due for the next financial years...

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Tata Steel, JSW Steel Face Debt Challenges After Ill-Timed Bets

Steel prices were high and demand was booming then. Now, confronted with falling prices and slower consumption, steelmakers are facing the risk of credit downgrades, job losses and cuts in capital...

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Sensex Closes 582 Points Higher, Nifty Settles At 11,787

The Nifty auto index - comprising shares in manufacturers of cars, motorcycles, heavy vehicles, auto ancillaries and tyres - settled 4.29per cent higher.

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Saudi Aramco Aims To Begin Planned IPO On November 3: Report

Aramco is looking to float a 1 per cent to 2 per centstake on the kingdom's Tadawul market, in what would be one of the largest ever public offerings, worth upwards of $20 billion.

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IndiGo Close To Mega 300-Plane Airbus Deal: Report

In June, IndiGo dropped its original engine supplier, United Technologies unit Pratt & Whitney, in favour of French-US engine venture CFM.

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Banks To Remain Closed On These Days In November, December

Bank holidays: In the months of November and December, banks may be shut in some of the metro cities on account ofGurunanak Jayanti and Christmas.

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Sensex Soars 450 Points, Nifty Hits 11,750; Banking, Auto Stocks Jump

Domestic stock markets clocked sharp gains on Tuesday, with the Sensex index soaring more than 450 points and the broader Nifty benchmark hitting the 11,750 mark. Strength in banking, automobile and...

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Tata Motors Shares Hit Over Three-Month High

Tata Motors reported a consolidated net loss of Rs 217 crore in the quarter ended September 30, better than Street estimates.

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Opinion: Indian Economy Facing A Perfect Storm

The Indian economy is facing a perfect storm, beset by a combination of cyclical and structural factors that makes recovery doubly difficult.

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Rupee Gains By 18 Paise Against US Dollar

At the interbank foreign exchange, the rupee opened strong at 70.75, marking a gain of 15 paise over its previous close.

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Bharti Airtel Defers September Quarter Earnings Announcement, Shares Fall

The Supreme Court last week upheld a demand by the country's telecoms department (DoT) that wireless carriers pay Rs 92,000 crore ($12.97 billion) in overdue levies and interest.

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Sensex, Nifty Likely To Open Higher Today

At 8:36 am, the Singapore Exchange (SGX) Nifty futures traded 13.50 points - or 0.12 per cent - higher at 11,679.50.

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Metals Tycoon Sanjeev Gupta To Merge Steel Operations Ahead Of IPO

Other companies in his family's privately-held GFG Alliance conglomerate will also be organised for possible IPOs in the future, he told news agency Reuters in an interview.

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Aviation Regulator Orders IndiGo To Modify Pratt & Whitney Engines

IndiGo's planes fitted with Pratt & Whitney 1100 series engines that have clocked more than 2,900 hours must have at least one modified engine, the Directorate General of Civil Aviation (DGCA) said in...

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National Pension System (NPS): Eligibility, Withdrawal Rules Explained

National Pension System or NPS, a government-run investment scheme, gives the subsriber the option to set his or her preferred allocation to different asset classes, such as government bonds, equity...

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Vistara Announces New Flights On Its International Network, Details Here

Vistara's offer: The announcement from Vistara comes amid high competition in the country's civil aviation market.

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LVMH Says In Preliminary Takeover Talks With Jewellers Tiffany

According to a source, LVMH offered $14.5 billion for Tiffany, whose stock market value stood at $11.9 billion at the close of Wall Street trading on Friday.

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Mukesh Ambani Preps India's Alibaba With Rs 1.73 Lakh-Crore Holding Firm

After years of spending billions of dollars on the new businesses, billionaire Mukesh Ambani is cleaning up the parent's balance sheet, with the goal of making it free of net debt in less than two...

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

Currently, SBI offers retail domestic term deposits in seven options of terms, ranging from seven days to 10 years.

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Gold Set For Biggest Yearly Gain Since 2010 Amid Rock-Bottom Rates: Poll

Spot gold will average $1,402 an ounce in 2019 and $1,537 an ounce next year, according to the median forecasts returned by the poll of 40 analysts and traders in mid-October.

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Petrol, Diesel Prices Unchanged For Second Straight Day

Petrol, Diesel Prices In Metros: In Delhi, the price of petrol has been lowered by Rs 1.15 per litre - or 1.55 per cent - so far this month, and the rate of diesel cut by 92 paise per litre (1.37 per...

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Financial Markets To Remain Shut Today For Govardhan Puja

Govardhan Puja Holiday 2019: Trading in the equity, debt and currency markets will resume on Tuesday, October 29.

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Diwali Muhurat Session: Sensex, Nifty Begin Samvat 2076 On Positive Note

All the sector gauges compiled by National Stock Exchange ended higher led by the Nifty Auto index's 1.37 per cent gain.

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Muhurat Trading Updates: Sensex, Nifty Gained Over 10% In Samvat 2075

Muhurat trading LIVE updates: The one-hour session will begin at 6:15 pm and end at 7:15 pm. In Samvat 2075 - the period from Diwali 2018 (November 7) to Diwali 2019 (October 27), the S&P BSE Sensex...

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Samvat 2076: Here Are More Than 20 Stocks Brokerages Are Betting On

Diwali Picks for Samvat 2076: The special trading window - or the Muhurat trading session - is to mark the beginning of year Samvat 2076, which will end on the eve of Diwali 2020. Many traders believe...

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Petrol, Diesel Prices On Hold After Three Days Of Reduction

Currently, the prices of petrol and diesel are reviewed by oil marketing companies such as state-run Indian Oil on a daily basis, and any revisions are implemented at fuel stations with effect from 6...

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RBI Quashes Reports It Sold Gold Reserves

The central bank's announcement, in a series of tweets, came in the wake of media reports which stated that it had been selling its gold reserves.

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These 7 Nifty Stocks Provided More Than 40% Return In Samvat 2075

Top percentage gainers on the 50-scrip index during this period were Bharat Petroleum (83.46 per cent), Bajaj Finance (70.06 per cent), Titan (57.68 per cent), Nestle (45.52 per cent) and Asian Paints...

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BSE, NSE Special "Muhurat" Trading Session Today. Check Timings Here

Muhurat trading timings: The trading window - on October 27, 2019 - is to celebrate the beginning of Samvat 2076, which will end on the eve of Diwali 2020. The S&P BSE Sensex index added 4,066.15...

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Immediate Payment Of Dues May Hurt 5G Bids By Telecom Companies: Report

The Supreme Court had on Thursday upheld the government's broader definition of revenue on which it calculates levies on telecom operators, dealing a Rs 92,000 crore blow to an industry already...

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All You Need To Know About Jio "All-In-One" Plans For JioPhone Users

Jio's new plans: Jio Rs 175 plan offers 3 GBs of high speed data for a validity period of 28 days with a daily cap of 0.1 GB, among other benefits.

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ICICI Bank Revises Fixed Deposit Interest Rates: All You Need To Know

ICICI Bank FD rates: On fixed deposits up to Rs 2 crore of a maturity period of between 1 year and 389 year, ICICI Bank now offers an interest rate of 6.45 per cent to the general public and 6.95 per...

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ICICI Bank Posts Rs 655 Crore Profit In September Quarter

Asset quality improved with gross non-performing assets (NPAs) at 6.37 per centcompared to 8.54 per centin the corresponding quarter a year ago.

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Petrol, Diesel Prices Ease Ahead Of Diwali, Check Rates Here

Petrol, diesel prices: Currently, the prices of petrol and diesel are reviewed by oil marketing companies such as state-run Indian Oil on a daily basis.

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GoAir Offers Flight Tickets From Rs 1,292 In Diwali Sale

Diwali offer: GoAir's sale is applicable on Jammu-Sri Nagar, Bagdogra-Guwahati, Lucknow-Delhi, Nagpur-Bengaluru, Patna-Kolkata, Hyderabad-Chennai, among other routes.

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Vodafone Idea To Seek Waiver After Court Ruling On Overdue Payments

Supreme Court on Thursday upheld a demand by the country's Department of Telecommunications (DoT) that wireless carriers pay nearly $13 in overdue levies and interest.

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Reliance To Create Rs 1.08 Lakh Crore Digital Unit To Pare Telecom Debt

The new digital services company - which also includes Jio's news, movie and music apps - will also acquire Reliance's equity investment of Rs 65,000 crorein Jio.

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Gold Demand Lights Up On Dhanteras, Diwali

Dhanteras, one of the busiest gold buying days, when demand peaks as bullion is considered auspicious, saw retailers dole out a wide array of offers to attract buyers.

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Probe Finds AB InBev, United Breweries Colluded On Prices: Report

The investigation has found that 15-20 executives from the three brewers were involved in discussions of beer prices before they were submitted to state regulators.

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Foreign Exchange Reserves Cross $440 Billion Mark

For the week under review, the foreign currency assets, which are the biggest part of the reserves, increased by $931 million to $408.881 billion, the RBI said.

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Tata Motors Reports Loss Of Rs 1,282 Crore In September Quarter

Tata Motors' board of directors approved raising Rs 6,494 crore by issuing shares and convertible warrants to its parent company Tata Sons.

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Sensex, Nifty End On A Flat Note; SBI Surges After Profit Triples In Q2

Eight of 11 sector gauges compiled by National Stock Exchange ended higher led by the Nifty PSU Bank index's 3.4 per cent gain.

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SBI Profit Triples In September Quarter; Shares Surge Over 5%

Its asset quality improved sequentially as its gross non-performing assets as a percentage of total advances came in at 7.19 per cent versus 7.53 per cent in the previous quarter.

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Infosys Announces Stock Incentives For Nearly 7,000 Employees

Infosys has announced stock incentive option to its mid-level 6,949 eligible employees in the form of restricted stock units (RSU).

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Dhanteras 2019: Jewellers Announce Discounts, Cashbacks On Gold Purchase

Dhanteras 2019: With gold prices now down from last month's record high of about Rs40,000 per 10 gm, some experts believe that gold demand may see a slight boost this festival season.

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Sensex, Nifty Likely To Open Lower Today; SBI, Tata Motors In Focus

Sensex, Nifty LIVE Market Updates: On Thursday, the S&P BSE Sensex index had ended 38.44 points - or 0.10 per cent - lower at 39,020.39 and the broader NSE Nifty benchmark settled at 11,582.60, down...

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ITC September Quarter Profit Rises 36% To Rs 4,023 Crore

The total income of the company during the period under review rose by 6.36 per cent to Rs 12,525.80 crore.

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Twitter Stock Tanks 20% After It Misses Wall Street Estimates

The stock nosedived as the company said it was working to resolve issues with its advertising platform.

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India To Launch RuPay Card In Saudi Arabia

With this, Saudi Arabia would become the third country in the Gulf region to get the RuPay card facility after the UAE and Bahrain.

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Will Explore Ground To File Review Plea: Vodafone-Idea On Court Order

Earlier Airtel said government must review the impact of this decision as the telcos have invested billions and currently facing severe financial pressure.

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Rupee Snaps 5-Day Winning Run, Closes At 71.02 Against Dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.01 per cent to 97.48.

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India's Economic Growth To Be At 5.5% In 2019-20: Fitch Ratings

According to Fitch Ratings, assuming the sluggish pace of lending is maintained throughout the year, total new lending will amount to only 6.6 per cent of GDP in the fiscal year 2019-2020.

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IndiGo Posts Rs 1,066 Crore Loss In September Quarter As Costs Surge

The results come against the backdrop of an escalating tussle between IndiGo co-founders Rakesh Gangwal and Rahul Bhatia over corporate governance issues.

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Government May Cut Personal Income Tax, Slabs May Change: Report

Personal tax kicks off on income above Rs 2.5 lakh a year, levied at 5 per cent. Top marginal tax rate in India is 42.74 per cent for income above Rs 5 crore.

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Will Further Simplify GST To Improve India's Business Ranking: Minister

Ms Sitharaman said states will have to make efforts in improving the business climate in India, especially with regard to property registration.

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Maruti Suzuki Profit Drops 39% In September Quarter Amid Falling Sales

The company sold a total of 338,317 vehicles during the Quarter, lower by 30.2 per cent compared to the same period previous year.

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Sensex Falls 38 Points, Nifty Settles At 11,582

Bharti Infratel, Grasim, Yes Bank, State Bank of India (SBI) and GAIL were among the prominent losers in the Nifty 50 basket of shares.

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Airtel Asks Centre To Review Impact Of Court Order On Telcos' Dues

The Supreme Court ordered eight telecom companies including Bharti Airtel and Vodafone Idea to pay the DoT about Rs 92,000 crore ($13 billion) of past dues including penalties and interest.

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MTNL Shares Rise Nearly 5% After Merger Announcement With BSNL

On the Bombay Stock Exchange (BSE), MTNL shares rose as much as 4.91 per cent to an intraday high of Rs 6.19 apiece on Thursday.

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Top Court Allows Centre To Recover Rs 1.3 Lakh Crore From Telecom Firms

Department of telecom claimed dues of around Rs 92,000 crore as license fee and Rs 41,000 crore as spectrum usage fee by Bharti Airtel, Vodafone Idea and Reliance Communications.

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Hero MotoCorp Posts Rs 875 Crore Profit In September Quarter

Hero MotoCorp's revenue from operations for the quarter fell to Rs 7,570.70 crore, from Rs 9,090.94 crore for the quarter ended September 30, 2018.

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US Market Regulator Investigates Infosys On Whistleblower Complaints

A securities class action lawsuit has also been filed against the company in a US federal court based on the complaints, the company said.

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Nifty Futures Indicate Positive Start For Indian Markets: Live Updates

The Nifty futures on Singapore Exchange also known as the SGX Nifty rose 23 points to 11,662.

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World Bank Rates China, India As 'Most Improved' For Doing Business

China and India made the top 10 list of governments that have done the most in the past year to improve the ease of doing business.

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Sebi Challenges Tribunal's Order On Price Waterhouse

In its order, SAT has said that SEBI as a regulator has no "authority under SEBI laws and regulations" to look into the quality of audit services performed by the auditors.

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HCL Tech Posts Rs 2,651 Crore Profit In September Quarter

In a regulatory filing on the BSE, the NCR-based IT major said consolidated revenue for the quarter under review grew 17.9 per cent year-on-year (YoY) to Rs 17,528 crore from Rs 14,861 crore in the...

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Government Hikes Minimum Support Price Of Rabi Crops

The CCEA has approved Rs 85 per quintal hike in wheat MSP to Rs 1,925 per quintal for the 2019-20 rabi crop, up from Rs 1,840 per quintal last year.

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Rupee Closes Higher At 70.91 Against Dollar

Easing crude oil prices propped up the local unit, though fresh capital outflows capped the gains, forex traders said.

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IndiGo Launches New International Flights. Details Here

Last week, IndiGo inaugurated first direct flight to Ho Chi Minh City (HCMC or Saigon), Vietnam from Kolkata.

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BSE Asks Infosys Why It Didn't Disclose Whistleblower Complaint

On Tuesday, Infosys Chairman Nandan Nilekani said the whistleblower complaint dated September 20 had been placed before the audit committee on October 10.

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Cabinet Approves Opening Of Fuel Retailing To Non-Oil Companies

State-owned oil marketing companies - IOC, BPCL and HPCL - currently own most of 65,000 petrol pumps in the country.

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Cabinet Gives In-Principle Nod To MTNL, BSNL Merger

The government would make the voluntary retirement scheme (VRS) more attractive for BSNL and MTNL employees, said Union Minister Ravi Shankar Prasad.

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JSW Steel Profit Jumps 20% To Rs 2,560 Crore In September Quarter

The steelmaker said its finance costs came in at Rs 1,127 crore in the July-September period, as against Rs 963 crore in the year-ago period.

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Sensex, Nifty End Higher; Infosys Rebounds After Worst Day In Six Years

Seven of 11 sector gauges ended higher led by the Nifty PSU Bank index's over 2 per cent gain.

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Axis Bank Rises Over 2% After Lender Reported Quarterly Loss

On the National Stock Exchange (NSE), Axis Bank shares opened higher at Rs 718 apiece and advanced to as much as Rs 730 apiece, marking a increase of 2.42 per cent.

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Risk Of Contagion Rising In India's Financial Sector, Say Rating Agencies

The financial companies in India are among the largest borrowers and a substantial part of their funding comes from banks.

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Bajaj Auto Profit Rises 22% In September Quarter; Shares Jump

Bajaj Auto's revenue from sales declined 4 per cent to Rs 7,707 crore as against Rs 8,037 crore in the September quarter of 2018.

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Kotak Mahindra Bank, Axis Bank Signal Stress In Their Loan Books

Kotak Mahindra Bank, the country's third-largest lender by market value, trimmed its full-year loan growth forecast, while the sixth-biggest bank Axis Bank said its small business and small and medium...

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All You Need To Know About Indian Railways Tatkal Ticket Booking Service

Tatkal train ticket service (Tatkal Railway Reservation) of Indian Railways allows passengers to book train tickets for travelling on urgent basis.

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Infosys Shares Rise Over 1%

At 10:28 am, Infosys shares traded up 1.27 per cent at Rs 651.50 apiece on the BSE, outperforming the benchmark Sensex index which was up 0.42 per cent at 39,125.89.

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Sensex, Nifty Likely To Open Flat Today

At 8:24 am, the Singapore Exchange (SGX) Nifty futures traded 1.00 point up at 11,619.00. The SGX Nifty futures are an early indicator of the National Stock Exchange (NSE) Nifty index in India.

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Uber Ties Up With Delhi Metro To Improve First And Last-Mile Connectivity

Uber said it launched the "public transport" journey planning feature for Uber riders across New Delhi to make travel easier with the information riders need to make the smartest possible journey...

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Rupee Ends At 2-Week High Against Dollar

The rupee closed at 70.94 to the dollar, a gain of 20 paise or 0.28 per cent over the previous close on Friday.

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Uber CEO Expects To Ride Developing Market Growth In Next Decade

Uber, which in August reported a second quarter loss, has not yet said when it expects to make a profit.

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IndiGo Plans To Add Flights On These Routes

On Friday, IndiGo commenced direct daily operations between Kolkata and Ho Chi Minh City, the commercial capital of Vietnam.

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Oil Imports In September Fall To Lowest Level In Over 3 Years

The fall in oil imports limited India's fiscal deficit for September, but it also potentially points to a general economic and industrial slowdown.

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Reliance Jio's 'All-In-One' Plans: Prices, Calling And Data Benefits

Jio said the new plans offer extra GBs at the cost of Rs 1 per GB along with the 1,000 minutes of off-net minutes which would cost the user Rs 80 if purchased separately.

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Opinion: Infosys May Need Some Time In Rehab To Fix Itself

After a period of rehabilitation, Infosys should be able to deliver all three targets: sales growth, margins and good governance. Some private time could be just what it needs to get fixed.

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Axis Bank Loss At Rs 112 Crore In September Quarter

Shares in Axis Bank ended 0.49 per cent higher at Rs 712.70 apiece on the BSE ahead of the earnings announcement, outperforming the benchmark Sensex index which fell 0.85 per cent breaking a six-day...

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Sensex, Nifty Snap Six-Day Winning Streak Led By Losses In Infosys

The Sensex ended 335 points or 0.85 per cent to close at 38,964 and the Nifty 50 index declined 74 points or 0.85 per cent to settle at 11,588.

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Vistara Offers International Flight Tickets From Rs 14,499

Vistara's offer: Bookings under the sale- which is valid for travel between October 28, 2019 and March 31, 2020- can be made till October 23, 2019, according to Vistara.

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Kotak Mahindra Bank Profit Rises 51%, Asset Quality Deteriorates

Kotak Mahindra Bank's bad loans in the quarter ended September 30 saw a spike as gross NPAs came in at 2.32% versus 2.19% in the previous quarter.

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Bajaj Finance Profit Rises 50% In September Quarter

Bajaj Finance's assets under management (AUM) grew by 38 per cent (YoY) to Rs 1,35,533 crore as of 30 September 2019.

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On Government's Corporate Tax Cut Move, Abhijit Banerjee's Caution

Reducing taxes to boost investment is a myth spread by businesses, says Abhijit Banerjee, who won Nobel along with Esther Duflo and Michael Kremer.

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Bank Strike: Banking Services Affected Due To Strike By Employees

Services like cash deposit and withdrawal at the counter and cheque clearances have been impacted due to the strike by banking staff.

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Complaints Being Dealt In An Objective Manner: Nandan Nilekani

Infosys shares nosedived nearly 16 per cent on Tuesday, a day after India's second largest IT services company said it had received anonymous whistleblower complaints alleging certain unethical...

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Infosys Falls 16% After Whistleblowers Allege Unethical Practices By CEO

At 9:47 am, Infosys shares traded 12.86 per cent lower at Rs 669.05 apiece on the BSE, sharply underperforming the benchmark Sensex index which was down 0.10 per cent amid volatile trade.

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Infosys Takes Worst Dive In 6 Years After Whistleblowers Target CEO

Whistleblowers accused CEO Salil Parekh of leading an effort to shore up profits through irregular accounting, turning up the heat on an IT services giant that endured internal turmoil just two years...

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Sensex, Nifty Likely To Open Lower Today; Infosys Shares In Focus

Infosys shares will be in focus, a day after the IT major said it had received anonymous whistleblower complaints alleging certain unethical practices.

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Infosys Shares May Open With Heavy Losses On Tuesday, Say Experts

Infosys late on Monday in a regulatory filing said the company has received anonymous whistleblower complaints alleging certain unethical practices.

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Apple Starts Selling Locally Assembled iPhone XR In India

Apple is also looking to use India as an export hub to soften the impact of an ongoing trade war between the United States and China.

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BSNL Revival Plan Expected In A Month: Chairman

BSNL has submitted a proposal to the government in 2015 for 4G spectrum allocation and seeking approval for a voluntary retirement scheme (VRS) package pending since 2009.

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US-Listed Shares Of Infosys Fall Plunge After Whistleblower Complaints

Infosys news: An anonymous group sent letters alleging that the company was taking "unethical" steps to boost short-term revenue and profit.

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Boeing Shares Tumble Again As 737 Max Crisis Deepens

The criticism comes as Boeing's efforts to get the FAA to certify the plane to return to service have dragged on.

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Gold Bonds Open At Rs 3,835 Per Gram On Festive Period Demand Hope

Gold bonds will again open for subscription in December 2-6, January 13-17, February 03-07 and March 02-06, according to the issuance calendar released by RBI.

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Will Gold Demand Surge This Dhanteras? Here's What Experts Say

According to experts, gold is a safe haven metal and whenever there is a risk aversion in the market, we see the yellow metal turn bullish.

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Banking Operations To Be Hit On Tuesday As Employees To Go On Strike

Banking operations will be hit across the country on Tuesday as 3.5 lakh banking employees across the country will go on a one-day strike.

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New GST Return Forms May Require Firms To Amend Software Systems: Experts

Tax experts and chartered accountants (CAs) said that the new return systems would require a lot of details such as purchases from unregistered dealers.

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IndiGo Launches Flights On This Route, Tickets From Rs 8,999

With this launch, Ho Chi Minh City (HCMC or Saigon) has become IndiGo's 22nd international and 7th Southeast Asian destination.

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Reliance Jio Announces "All-In-One" Plans At Rs 222, Rs 333, Rs 444

The announcement of three new plans by Reliance Jio comes amid high competition in India's telecom market, flooded with aggressively priced mobile data and cheap voice calls.

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IRCTC To Pay Around Rs 1.62 Lakh For Late Running Of Tejas Express

Under IRCTC's policy, an amount of Rs 100 will be paid in case the delay is for over an hour and Rs 250 for delay of over two hours, the IRCTC said ahead of the launch of its first train.

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Government Asks Flipkart, Amazon To Reveal Top Sellers: Sources

The availability of affordable data and smartphones makes India an attractive market for companies such as Flipkart and Amazon, according to analysts.

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Rural India's Consumption Slows To Seven-Year-Low: Nielsen

The latest survey points to households across India reducing spending as Asia's third-largest economy grows at the weakest pace in six years.

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Petrol Prices Unchanged For Sixth Day In A Row. How Much You Pay For Fuel

Currently, oil marketing companies such as state-run Indian Oil Corporation review the domestic prices of petrol and diesel on a daily basis, and any changes- determined broadly by the global crude...

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China, India Top List Of 20 Drivers Of Growth in 2024, US At Number 3

China's growth rate is expected to continue to slow, and will be a smaller driver to global GDP growth in the near term.

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Maharashtra Assembly Election: Financial Markets To Remain Closed Today

Trading in the equity, debt and currency markets will resume on Tuesday, October 22.

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To Remove Inequality In India, Spend More On Education, Health: IMF Chief

The IMF chief economist said that inequality is a big issue not just in India but other countries as well.

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India's Growth To Return To 7% In 2020: IMF's Gita Gopinath To NDTV

The International Monetary Fund (IMF) has projected India's economy to grow to 7 per cent in 2020 after downgrading it to 6.1 per cent this year, its Chief Economist Gita Gopinath told NDTV in an...

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AirAsia Launches Flights From Agartala To Delhi, Kolkata, Guwahati, Imphal

The AirAsia India Chief Operating Officer Sanjay Kumar said the airline would soon start flights from Northeast to south and western states.

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How Much Penalty SBI Charges For Premature Withdrawal From Fixed Deposits

Fixed deposits, also known as term deposits (TDs), are fixed income instruments that yield fixed returns over a pre-defined period of lock-in.

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New Consultation Paper On IUC Review Bad Law: Reliance Jio To Trai

Trai in September issued a new consultation paper seeking change of time period in going for zero IUC citing imbalance traffic in telecom networks.

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Jio's Diwali Offer: How To Gift A JioPhone, Other Benefits Starting At Rs 808

Reliance Jio Infocomm, a subsidiary of Reliance Industries Limited (RIL), is offering the option of gifting a JioPhone along with recharge plans as part of 'Diwali' offer at a price of Rs 808....

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Rise In interest Rates Dependent On India, China Growth: Finance Minister

Regarding her bilateral meetings on the sidelines of the IMF''s meetings, the minister stressed that the negotiations between India and the United States to reach a trade deal is underway in "full...

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Operations Of These Banks May Be Hit On October 22 Due To Strike

The All India Bank Employees Association (AIBEA) and Bank Employees Federation of India (BEFI) have proposed an all-India strike on October 22 to protest against the announced consolidation of 10...

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Brexit Vote, Earnings To Guide Markets Ahead, Say Experts

The stock markets will remain closed on Monday on account of polling for the Maharashtra Assembly election.

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SBI May Post Impressive Earnings On Steady Performance: Experts

The SBI posted Rs 2,312 crore profit in the first quarter of FY20 as provisionings declined 11 per cent year-on-year.

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HDFC Bank Net Profit Rises 27% In September Quarter; Asset Quality Stable

HDFC Bank's provisions for bad loans rose to Rs 2,700.68 crore versus Rs 2,613.66 crore in the previous quarter.

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Nirmala Sitharaman Calls For 'Concerted Action' Against Slowdown At IMF

Ms Sitaharaman said, "Trade wars and protectionism have generated uncertainties that will ultimately impact flow of capital, goods and services."

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IMF Says Corporate Income Tax Cut Will Help Revive Investment In India

IMF also said India should address continued fiscal consolidation and secure long-term stability of the fiscal conditions.

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Market Regulator Tightens Norms For Resignation Of Auditors

In the past two years, listed companies have seen a slew of auditor resignations, and in some cases, they have come just few weeks ahead of the announcement of financial results.

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Commerce Minister Suggests 'Probe' On E-Commerce Firms

The commerce minister said, "E-commerce firms have no right to discount products and use predatory pricing to dominate retail sales."

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Jio Profit At Rs 990 Crore In September Quarter

RIL's market capitalisation stood at Rs 8.97 lakh crore, still making the conglomerate the most valuable company of the country.

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Reliance Industries Second Quarter Profit At Rs 11,262 Crore

Reliance Industries revenue rose 4.2% to Rs 1,52,149 crore versus Rs 1,46,018 crore in September quarter of 2018.

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RBI Signals Scope For More Rate Cuts To Push Growth

Retail inflation rose close to the central bank's medium-term target of 4 per cent in September for the first time in 14 months but is expected to remain well within the mandated 2-6 per cent band...

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Government To Take More Steps To Boost Growth: Chief Economic Adviser

Chief Economic Adviser at the finance ministry, said the government had slashed corporate taxes to attract investment.

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Sensex, Nifty Gain For Sixth Day In A Row Led By Reliance Industries

All sector gauges barring the Nifty IT index ended higher led by the Nifty Metal and Nifty Realty indexes' over 1.5 per cent gain.

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PMC Crisis: HDFC Bank Stamps Deposit Insurance Cover Details On Passbooks

In a circular released in June 2017, the RBI had directed all commercial, small and payments banks to "incorporate information about 'deposit insurance cover'.

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Reliance Industries Shares Hit Record High Ahead Of Earnings

Reliance Industries is due to release its financial results for the quarter ended September 30 later in the day.

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Bondholders Take Dewan Housing Finance Corporation To Bankruptcy Court

Apart from banks, DHFL also owes money to about 87,000 bondholders. The lenders are currently working on a resolution plan but the majority of its bondholders declined last month to be a party to that...

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Sensex, Nifty Likely To Open Lower Today

At 8:30 am, the Singapore Exchange (SGX) Nifty futures - an early indicator of the National Stock Exchange (NSE) Nifty index in India - were down 39.50 points - or 0.34 per cent - at 11,565.50.

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Jet Airways First Indian Company To Face Cross-Border Insolvency: Report

Jet Airways, on April 17, announced the temporary suspension of all flight services as it failed to secure interim funding to maintain even the bare minimum operations.

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Netflix And Amazon Face Censorship Threat In India: Report

Netflix and Amazon are also producing more and more original local content to win viewers in India, where increased use of mobile data and smartphones is supporting demand for their services.

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Slowdown Now Hits Oil Sector; Petrol, Diesel Consumption Falls: Report

As per latest the Oil Ministry data, petroleum products demand in India has slipped to its two-year low level in September at 105.7 million tones.

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Only 17% Of Banks Have Transformed Digitally At Scale: Report

The report said majority of banks are not confident about how digital transformation has successfully impacted their organisational objectives.

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Rupee Ends 27 Paise Higher At 71.16 Against Dollar: 10 Things To Know

The rupee gained by 27 paise to end at 71.16 against the dollar on Thursday. The currency opened at 71.38 and moved in a range of 71.14-71.47 during the session before ending at 71.16 against the...

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SpiceJet Announces New Flights, Offers Tickets From Rs 2,501

Bookings are open on airline's official website- spicejet.com, mobile app and through online travel portals and travel agents, it said.

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Bank Strike On October 22, Banking Operations Likely To Be Hit: 10 Points

Two trade union organisations have proposed to go on all-India bank strike on October 22 to protest against the announced consolidation of 10 state-run lenders into four. "We can easily understand...

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Sensex, Nifty Close Higher For Fifth Session In A Row

The Sensex has risen 1,171.66 points - or 3.09 per cent - and the Nifty added 351.8 points - or 3.13 per cent - in five consecutive sessions.

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Sensex Jumps Over 350 Points, Nifty Hits 11,550 As Banking Stocks Surge

HDFC, Reliance Industries and ICICI Bank were the top contributors to the gain in Sensex.

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Visatra Announces New Flights, Offers Tickets From Rs 5,299

Bookings for the flights are open on all channels, including Vistara's website- airvistara.com, iOS and android mobile apps, through online travel agencies (OTAs) and travel agents, the carrier said...

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Dozen Economies Failing In Fiscal Stimulus, Says Report. Where India Stands

Monetary policy makers say they're running out of room to cut interest rates, which are already at historic lows, and it's time for their fiscal counterparts to take the lead in trying to spur demand.

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Satya Nadella Gets 66% Pay Hike In Fiscal Year 2019

Satya Nadella received a $1 million base salary jump and an increase in stocks.

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Petrol, Diesel Prices Unchanged Today. Here's How Much You Pay For Fuel

Currently, oil marketing companies such as state-run Indian Oil Corporation review the domestic prices of petrol and diesel on a daily basis.

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Sensex, Nifty Likely To Open Flat Today

Sensex Nifty

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Xiaomi Says Widening India Product Range To Shed Budget Image

Xiaomi, which began selling devices in India in 2014, has outflanked South Korea's Samsung Electronics as India's top smartphone player, according to tech research firm Counterpoint.

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Mindtree Posts 35% Year-On-Year Fall In September Quarter At Rs 135 Crore

In a regulatory filing on the BSE, the technology arm of engineering giant L&T said revenue for the quarter under review rose 4.4 per cent sequentially to Rs 1,914 crore from Rs 1,834 crore a quarter...

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Reliance Jio's Value Proposition Strong Despite Charge: Merrill Lynch

Merrill Lynch expects the subscriber momentum to slowdown in FY21-22 but expect average revenue per use (ARPU) improvement on back of tariff hike.

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GST Demand On Brand Usage May Lead To Litigations: Experts

At present, a large number of companies allow their subsidiaries or a related party to freely use the brand name and logo.

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IRCTC Buddhist Circuit Special Train To Start From October 19

According to the IRCTC, the train covers important destinations connected with the life of Buddha in India and Nepal over eight days starting from October 19 to 26.

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Rupee Settles Higher At 71.43 Against Dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.05 per cent to 98.34.

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Banking Operations May Be Hit On October 22 Due To Strike: Bank Of Baroda

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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Slowing Bank Lending Overshadows Economic Rebound Hopes: Report

While some major non-banking financial companies (NBFCs) have been going slow on lending, others stopped completely.

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IndiGo Offers International Flight Tickets From Rs 9,499

Bookings under the sale- which is valid for travel between February 1, 2020 till April 5, 2020- can be made till October 20, 2019, according to the carrier's website, goindigo.in.

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Sensex, Nifty Gain For Fourth Day Led By HDFC, Reliance Industries

Eight of 11 sector gauges compiled by National Stock Exchange ended higher led by the Nifty IT index's 1 per cent gain.

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Fuel Demand Fell 0.1% In September

Cooking gas or liquefied petroleum gas (LPG) sales increased 6.0 per cent to 2.18 million tonnes, while naphtha sales fell 26.0 per cent to 0.84 million tonnes.

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Bank Of Maharashtra Complains Of Fake News About Financials

The government-owned bank said it has requested authorities to detect the origin of fake news maligning its image.

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Overseas Investors Increase Asian Bond Buying In September

Overseas investors purchased $1.4 billion worth of Indonesian bonds in September, the highest in the region, lured by higher yields.

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India To Grow 7% In 2020 As Bottlenecks Clear Up: IMF's Gita Gopinath

The government has taken a slew of measures since August 23 to pull the economy out of a six-year low growth rate.

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Wipro Shares Gain After Its Profit Rises 7% In September Quarter

Wipro hares saw higher than usual trading volumes as 4.07 lakh shares changed hands on the BSE compared with an average of 1.65 lakh shares traded daily in the past two weeks.

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"No Negative Feedback, Full Confidence India Will Welcome Huawei": CEO

India, the largest wireless market outside China by number of subscribers, has been a focus for investment by Huawei.

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Sensex, Nifty Likely To Open Higher Today

On Tuesday, the Sensex had risen 291.62 points - or 0.76 per cent - to end at 38,506.09, and the Nifty gained 87.15 points - or 0.77 per cent - to settle at 11,428.30, with both benchmark indices...

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IMF Slashes India's 2019-20 Growth Forecast: 10 Things To Know

The International Monetary Fund (IMF) in its World Economic Outlook (WEO) released on Tuesday slashed its forecast for Gross Domestic Product or GDP growth for financial year 2019-20. "India's economy...

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Government Asks OPEC Not To Cut Oil Production

Mr Pradhan said the voice of India, the world's third-largest energy consumer behind the US and China, is now being heard and OPEC Secretary-General has been taking its views to the meetings of the...

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IMF Cuts GDP Growth Forecast To 6% For 2019-20

The IMF's outlook comes days after a World Bank report pegged India's growth rate in FY 2019-20 at 6 per cent, and the Reserve Bank of India's latest downward revision to 6.1 per cent.

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India Retains World's Fastest-Growing Rank, Tying With China: IMF

IMF's projected growth rate of 6.1 per cent for 2019-20 is consistent with the Indian Monetary Policy Committee's forecast.

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Exports Dip 6.57% In September, Trade Deficit Narrows

Out of 30 key export sectors, as many as 22 showed negative growth in September.

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Rupee Ends At Nearly 1-Month Low Against Dollar: 10 Things To Know

The rupee on Tuesday fell by 31 paise to end at a nearly one-month low against the dollar. According to analysts, heavy dollar buying amid fresh concerns over the progress of China-US trade talks led...

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UIDAI Offers These Services At Aadhaar Centres. How To Book Appointment

The UIDAI is the issuer of the 12-digit personal identification number - also known as Unique Identity Number (UID) - as well as the Aadhaar card.

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Flipkart Launches Video Service To Take On Amazon, Netflix

In August, Flipkart said its video service would be free and would focus on movies, short videos and web series.

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Reliance Jio Offers IUC Top-Up Vouchers With 'Main Plans', Details Here

Jio's IUC top-up vouchers or IUC plans are priced between Rs 10 and Rs100, according to company's wesbite- jio.com.

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Wipro Reports Profit Of Rs 2,553 Crore In September Quarter

Wipro shares ended 0.14 per cent per cent higher at Rs 243.70 apiece on the BSE, underperforming the benchmark Sensex index which rose 0.76 per cent extending gains to a third straight session.

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Sensex, Nifty For Third Day In A Row Led By Auto, Banking Shares

S&P BSE Sensex and NSE Nifty 50 indexes rose for third day in a row led by gains in HDFC Bank, Kotak Mahindra Bank, Hindustan Unilever and ITC.

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Flipkart , Amazon Festive Discounts Under Lens After Retailer Complaints

While Amazon and Flipkart say they've complied with the federal rules, local trader groups say the two companies are violating them by burning money to offer discounts.

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SBI Savings Accounts To Fetch Lesser Interest From November 1

The bank said that "in view of the adequate liquidity in the system", savings accounts with balance up to Rs 1 lakh will be lowered by 25 basis points (bps) or 0.25 percentage points.

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Sensex Jumps Over 300 Points As Markets Rise For Third Straight Day

HDFC Bank, ITC, Kotak Bank and HUL were the top contributors to the gain in Sensex.

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Petrol, Diesel Prices Cut By 5 Paise Across Metros. Check Prices Here

Petrol and diesel priced were cut by 5 paise on Tuesday across the four metros - Delhi, Mumbai, Kolkata and Chennai.

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Attached Properties Of Amrapali Group To Be Auctioned, Says Supreme Court

The top court said that the funds collected through auction of properties will help in speedy completion of stalled projects.

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Sensex, Nifty Likely To Open Higher Today; Wipro Shares In Focus

LIVE share market updates (Sensex, Nifty today): On Monday, the Sensex index had ended 87.39 points - or 0.23 per cent - higher at 38,214.47 and the broader Nifty benchmark settled at 11,341.15, up...

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Global Oil Majors See Surge In Demand For Natural Gas: Report

Spot LNG prices have more than halved since last year due to oversupply as producers battle for market share.

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5G May Add 0.35-0.5% To GDP By 2025: Report

The government has set a target of becoming a $5 trillion economy by 2024-25. In 2018-19, the Indian economy stood at $2.72 trillion.

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Moody's Downgrades Indiabulls Housing After RBI's Merger Rejection

According to Moody's rating rationale, the downgrade was driven by Indiabulls' ongoing challenging access to funding.

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RBI Imposes Rs 1 Crore Penalty On Lakshmi Vilas Bank

The central bank said its statutory inspection of the bank with reference to its financial position as on March 31, 2017, revealed, inter alia, non-compliance with directions issued by RBI on"Income...

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Rupee Closes At 3-Week Low Against Dollar

At the forex market, the rupee opened higher at 70.83 and touched an intra-day high of 70.74 against the American currency.

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RBI Raises Withdrawal Limit To Rs 40,000 For PMC Bank Account Holders

With the above relaxation, more than 77per cent of the depositors of the bank will be able to withdraw their entire account balance, RBI added.

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Consumer Inflation Rises To 3.99%, Here's What Experts Say

Annual retail inflation in September was much higher compared with 3.21 per centin the previous month, and analysts' forecasts.

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Vistara Announces New Flights, Offers Tickets From Rs 4,099

Bookings for these flights are openon all channels, including Vistara's website- airvistara.com, iOS and android mobile apps, and through online travel agencies (OTAs) and travel agents, the carrier...

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Retail Inflation Hits 14-Month High Of 3.99% In September

Inflation picked up in September on back of higher consumer inflation in vegetables and meat and fish categories.

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Hindustan Unilever September Quarter Profit Rises 21%

Hindustan Unilever's total sales grew 6 per cent during the quarter and domestic consumer business advanced 7 per cent during the quarter, the company said.

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Nirmala Sitharaman Says Banks Have Sufficient Liquidity

All efforts would be made to ensure that the MSME sector gets its dues ahead of Diwali, the Finance Minister said.

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Sensex, Nifty Rise For Second Straight Day; ONGC, Tata Motors Top Gainers

Nine of 11 sector gauges compiled by National Stock Exchange ended higher led by the Nifty Realty index's 1.6 per cent gain.

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French Energy Giant Total To Buy 37% Stake In Adani Gas

Total is the third foreign oil major to enter India's gas sector after BP Plc and Shell, and it comes at a time when India is spending heavily to cut its carbon emissions.

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Banks Have Sufficient Liquidity: Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman said banks have been asked to provide a bill discounting facility to the MSME sector against payments due from the large corporates.

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Petrol, Diesel Prices On Hold For Second Day In A Row

Petrol, Diesel prices: The domestic fuel prices are broadly determined by international crude oil prices and the rupee-dollar exchange rate.

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Ex-Truck Driver Becomes A Billionaire With Some Help From Amazon

Revenue should continue to grow in the medium- to long-term as Amazon and Tokyo-based Rakuten look to work more closely with couriers like Maruwa.

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Wholesale Inflation At 0.33% In September

The Reserve Bank of India (RBI) tracks consumer inflation primarily while formulating its monetary policy.

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Over 200% Spike In Onion Prices Unlikely To Deter RBI From Rate Cuts

Onions have a weight of 0.6 per cent in the overall inflation basket and contribute about 10 per cent to the vegetable basket. The inflation-targeting Reserve Bank of India expects food prices to...

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iPhone 11 Takes Apple Ahead Of Microsoft In $1-Trillion Market Cap

Sailing through the US-China trade war that may impact its devices too, Apple stock has reached $236.21 to beat the previous high set just over a year ago.

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IRCTC Shares More Than Double On Bumper Stock Market Debut

IRCTC saw huge demand for its shares in the three-day initial public offering which ended on October 3.

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Is World Economy Facing First Recession Since 2009? Experts Read Signs

Investors cheered Friday as the US struck a partial trade agreement with China and there were even signs the UK may strike a divorce deal with the European Union.

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Sensex, Nifty Likely To Open Lower Today; Infosys Stock In Focus

LIVE stock market updates: Last Friday, the Sensex and Nifty had ended 0.65 per cent and 0.63 per cent higher respectively.

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Foreign Portfolio Investors Pulled Out Over 6,200 Crores In Just 2 Weeks

Foreign portfolio investors (FPIs) have withdrawn over Rs 6,200 crore in just the first two weeks of October.

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Here's A Comparison Of SBI Interest Rates On FDs Across Maturities

Fixed deposits, also known as term deposits (TDs), are fixed income instruments that yield fixed returns over a pre-defined period of lock-in.

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Reliance Jio's Diwali Offer: How To Get A JioPhone For Rs 699

The savings of Rs 800 on the JioPhone and the Rs 700 worth of data, totals to a benefit of Rs 1,500 on every JioPhone, according to Jio.

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Banks May Need To Report HDIL's Dues, Provisioning Status: Report

RBI norms on NPA classifications and provisionig are clear and public sector banks (PSBs) must know when to implement these, said report.

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Air India Announces New International Flights, Details Here

The announcement from Air India comes amid high competition in the country's civil aviation market.

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World Bank Report Pegs India's Growth Rate At 6%

The growth forecast for India for the financial year 2019-20 was even lower than that of Nepal and Bangladesh which the estimates to grow at 6.5 per cent and 7.2 per cent respectively.

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Petrol, Diesel Prices Steady After Three Days Of Reduction

Domestic petrol and diesel prices are determined broadly by international crude oil prices and the rupee-dollar foreign exchange (forex) rate.

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Inflation Data, Quarterly Results May Keep Markets Jittery, Say Experts

Macro-economic data point of the Consumer Price Index (CPI) and the Wholesale Price Index (WPI) for September will be released on October 14.

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Avenue Supermarts (DMart) Profit Rises 48% In September Quarter

Since its earnings for the first quarter of financial year 2019-20, DMart shares have risen 41.01 per cent as of Friday's close.

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Bank Fraud: Rs 4,000-Crore Bhushan Power And Steel Assets Seized

The total value, under the provisional order for attachment, is Rs 4,025.23 crore.

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Worries Of PMC Bank Customers Justified: Nirmala Sitharaman

PMC Bank is facing a crisis after an alleged scam worth Rs 4,500 crore came to light last month. The cooperative bank had allegedly lent over 70 per cent of its loans worth Rs 9,000 crore to...

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After Weekly Gain Of 1%, Nifty Seen Rising 4% In Coming Week: Analysts

The broader NSE Nifty benchmark rose 1.17 per cent (130.3 points), after declining 2.93 per cent the previous week. The week was marked with earnings announcements from IT majors Tata Consultancy...

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Festival Cheer Fails To Push Gold Demand Amid High Prices

Gold futures were trading around Rs 38,100 per 10 grams on Friday after hitting a record high of Rs 39,885 last month. Gold prices have risen more than 21 per cent so far in 2019. Dealers offered...

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Find Out The Minimum Balance Needed In Your SBI Account To Avoid Penalty

SBI minimum balance requirement and penalty charges for non-compliance: For example, SBI customers holding regular savings accounts at its branches located in metros or semi-urban regions are required...

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Petrol, Diesel Prices Lowered For Third Straight Day

Petrol, diesel prices today: The price of petrol has been reduced by a total Rs 1.10-1.22 per litre in the four metros so far this month, and the rate of diesel cut by 87-99 paise per litre.

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Credit Growth Enters Single-Digit Lane As Slump Spreads

Credit demand has slowed to single digit as the mainstay of banks-personal loans and demand from services sector lost their momentum.

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Jio Voice Charges May Improve Incumbents' Revenues: CARE

Reliance Jio's move to charge voice calls at 6 paise a minute to other networks may improve the revenues for incumbents, CARE Ratings said on Friday.

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RBI Central Board Reviews Economic Situation, Co-Operative Banks

The RBI Central Board met amidst weak growth estimates by global agencies and the RBI itself and also the recent fraud at the PMC Bank.

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Foreign Exchange Reserves At New Life-Time High Of $437.83 Billion

The country's reserve position with the IMF also increased by $9 million to $3.61 billion, RBI data showed.

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Industrial Production Shrinks To Minus 1.1 Per Cent In August

The cumulative growth in April-August over the corresponding period of the previous year was 2.4 per cent.

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Indiabulls Ventures, Real Estate Approve Share Buyback Plans

Capital markets company Indiabulls Ventures said in a filing that its board has approved buyback of upto 6.66 crore equity shares at Rs 150 per share.

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PMC Bank Depositors Meet Finance Minister Nirmala Sitharaman

The PMC Bank fraud is estimated to be worth at least Rs 4,355 crore and could go up to as much as Rs 6,300 crore.

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Infosys Posts 6% Rise In Second Quarter Profit, Raises Revenue Guidance

Infosys, the country's second largest software services company, reported net profit of Rs 4,019 crore in the quarter ended September 2019.

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Sensex, Nifty Settle Higher Led By Gains In Infosys, HDFC

Nine of 11 sector gauges compiled by National Stock Exchange ended higher led by the Nifty IT index's 1.49 per cent gain.

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TCS Falls After September Quarter Earnings Miss Estimates

TCS said it added 14,097 employees during the quarter on a net basis, marking its "highest ever number of employees on-boarded in a quarter".

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Passenger Vehicle Sales Fall Nearly 24% In September: Industry Body SIAM

Passenger vehicle sales in India fell 23.7 per cent last month, data from industry body SIAM or the Society of Indian Automobile Manufacturers showed on Friday. The data comes at a time the country's...

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Passenger Vehicle Sales Slump 23.7% In September, 11th Month Of Decline

Passenger vehicle sales slumped 23.7% in September - the eleventh straight month of declines - amid one of the worst slowdowns seen in India's auto industry, data released by an industry body showed...

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Sensex, Nifty Likely To Open Higher Today; TCS Shares In Focus

Sensex, Nifty LIVE market updates: On Thursday, the S&P BSE Sensex and NSE Nifty indices had declined 0.78 per cent and 0.70 per cent respectively, as the markets continued their downward movement a...

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Inflation Surged In September But Below RBI's Target: Poll

An extended monsoon has delayed harvests and interrupted the supplies of vegetables like onions, a key ingredient in Indian kitchens.

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Air India Assets Holding Bonds Issue Oversubscribed, Raises Rs 7,000 Crore

The second bond issue with 10-year tenure was fully subscribed at a rate of 7.39 per cent, according to an Air India spokesperson.

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Pay Monthly, Or Will Cut Fuel Supply At Airports: Oil Majors To Air India

In a letter sent to Air India, the three oil PSUs -- Indian Oil Corporation Ltd (IOCL), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) -- said "the outstanding has not come...

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IL&FS To Sell 13 Prime Properties Across Mumbai, Hyderabad, Kolkata

The company has invited EoIs latest by 6 pmon November 15 for residential space and November 22 for commercial spaces.

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BSNL Says Its Revival Plans Under Government's Consideration

Official sources said the Finance Ministry is not in favour of capital infusion in BSNL and MTNL.

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India Ratings Cuts India's 2019-20 GDP Growth Rate To 6.1%

Ind-Ra's calculations show that the fiscal deficit could increase to 3.6 per cent of GDP in 2019-20.

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SBI Home Loans Get Cheaper: Key Things To Know

SBIsaid the revision in MCLR is "in view of the festival season and extending the benefits to customers across all segments."

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Rupee Settles Flat At 71.07 Against Dollar

At the forex market, the rupee had opened at 70.96 against the dollar. During the day, the domestic unit fluctuated between a high of 70.87 and a low of 71.15.

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No Charges For Calling Non-Jio Numbers Until Existing Plan Expires: Jio

Jio said that IUC charges will not be applicable on calls made by Jio users to other Jio phones and to landline phones and calls made using WhatsApp, FaceTime and other such platforms. Incoming calls...

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Moody's Cuts Growth Forecast For India To 5.8% This Fiscal Year

Moody's forecast Asia's third-largest economy would grow 6.6 per centin fiscal 2020/21 starting next April.

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Jio's IUC Top-Up Vouchers: Prices, Data Benefits, Other Details

IUC is a cost paid by one mobile telecom operator to another, when its customers make outgoing mobile calls to the other operator's customers.

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GST Council Sets Up Panel To Boost Revenue Collection

The GST Council expects the newly formed committee to look into "policy measures and changes in the law", measures to "improve voluntary compliance and improved compliance monitoring and anti-evasion...

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TCS Reports Profit Of Rs 8,042 Crore In September Quarter

Shares in TCS ended 0.80 per cent lower at Rs 2,004.40 apiece on the BSE.

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US Billionaires Paid Lower Tax Than Working Class Last Year: Researchers

In 1980, by contrast, the 400 richest had an effective tax rate of 47 per cent. In 1960, their tax rate was as high as 56 per cent.

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Sensex, Nifty Resume Decline After A Day's Pause

All the 11 sector gauges compiled by NSE ended lower led by the Nifty PSU Bank index's nearly 3 per cent fall.

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Jio's U-Turn on Free Voice Calls Is Good News For Vodafone, Bharti

Reliance Jio Infocomm will charge customers 6 paise per minute for calls made to rival networks till such time that the telecom regulator moves to a zero termination-charge regime, the company said...

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SBI Revises Fixed Deposit Interest Rates From Today

Fixed deposit interest rates are subject to change from time to time. Earlier, SBI revised its FD rates on September 10, 2019.

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IndusInd Bank September Quarter Profit At Rs 1,383 Crore, Shares Fall 6%

IndusInd bank net interest income or the difference between interest earned and interest expended rose 29 per cent to Rs 2,909.54 crore.

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Reliance Industries Gains; Jio To Charge For Calls Made To Other Networks

Jio's move to charge 6 paise per minute for calls made to other network operators is in line with the TRAI's Interconnect Usage Charge.

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As Gold Prices Put Off Buyers Ahead Of Diwali, Jewellers Offer Bonanza

Gold has soared in 2019, hitting a six-year high in dollar terms, as investors fret about the impact of the trade war, central banks cut rates and exchange-traded fund holdings surge.

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Sensex Falls Nearly 200 Points, Nifty Struggles Above 11,250

Analysts awaited the release of key corporate earnings reports and macroeconomic data due this week for cues.

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Opinion: Amazon, Walmart And Mukesh Ambani Will Help Save India's Banks

To similarly make bite-sized finance sustainable, account aggregators are coming. They'll digitally record a consumer's transactions with various institutions and, with consent, share data with a...

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Sensex, Nifty Likely To Open Lower Today

LIVE market updates (Sensex, Nifty today): On Wednesday, the S&P BSE Sensex index had ended 645.97 points - or 1.72 per cent - higher at 38,177.95 and the broader NSE Nifty benchmark settled at...

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Indiabulls Housing Finance's Board To Mull Share Buyback On October 14

The announcement comes a day after Indiabulls Real Estate and Indiabulls Ventures said their boards would discuss share buyback at the October 11 meeting.

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Rupee May Continue To Remain Weak On Volatility In Global Markets: Report

According to the report, inflation is projected to remain below the medium-term target of 4 per cent over the rest of 2019-20 and the early months of 2020-21.

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National Housing Bank Exposure In DHFL At Rs 2,435 Crore: India Ratings

National Housing Bank's gross NPA ratio was flat at 0.01 per cent in FY19 as compared to the previous fiscal.

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RBI Rejects Indiabulls Housing, Lakshmi Vilas Bank's Proposed Merger

This comes days after the Reserve Bank of India initiated a so-called "prompt corrective action" on the lender due to high level of bad loans, lack of sufficient capital to manage risks and a negative...

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Government Extends Aadhaar Seeding Date For Pradhan Mantri Kisan Scheme

The scheme provides income support of Rs 6,000 per year to landholding families, subject to certain exclusions.

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Rupee Ends Marginally Lower At 71.07

Forex traders said a strong recovery in the domestic equity market and weakening of the American currency vis-a-vis other currencies overseas also helped the rupee pare initial losses.

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Jio To Offer These Top-Up Vouchers For Making Calls To Non-Jio Numbers

Jio's move to charge 6 paise per minute for calls made to other network operatorsis in line with the IUC fixed by the telecom regulator Telecom Regulatory Authority of India (TRAI).

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Economic Slowdown Impacting Business This Festive Season, Say Traders

According to Viren Shah, president, Mumbai Traders association, because of economic slowdown, about 40 per cent of business has been impacted.

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Jio To Charge 6 Paise Per Minute For Making Calls To Other Networks

Jio will not be charging anything for Jio to Jio calls, all incoming calls, Jio to landline calls and calls made using WhatsApp or FaceTime and similar platforms.

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Sensex, Nifty Snap Six-Day Losing Streak Led By Banks: 10 Things To Know

The S&P BSE Sensex and NSE Nifty 50 indexes snapped their six-day losing streak paced by gains in banking heavyweights like HDFC Bank, ICICI Bank, Kotak Mahindra Bank, State Bank of India HDFC and...

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SBI Reduces Key Lending Rates, Home Loans To Get Cheaper

From October 10, the MCLR will stand reduced to 8.05 per cent for the one-year tenor, as against the existing 8.15 per cent, according to SBI's statement.

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Government Increases Dearness Allowance By 5%

The move is likely to benefit over 50 lakh government employees and pensioners, Mr Javadekar said.

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SBI Revises Interest Rates On Savings Deposits, Fixed Deposits

The cut in interest rates comes on the back of the Reserve Bank of India (RBI)'s 135 basis points reduction in the repo rate - the key interest rate at which it lends short-term funds to commercial...

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"Slowdown Helping Movies, People Want To Escape…": PVR Boss

Seventeen of 26 analysts surveyed by Bloomberg have buy ratings on PVR stock, with eight holds and one sell.

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Earnings Revival Will Take Some Time As Slowdown Hits Demand: Analysts

Analysts expect to see a contraction in profits across most industries, with Edelweiss Securities Ltd. forecasting sales growth for the stocks it tracks to be the lowest in a decade.

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Amazon, Flipkart Sales Generate Rs 19,000 Crore In Six Days

Flipkart continued to lead the festive sales in GMV terms, with 60-62 per cent standalone Gross GMV share during the sale event.

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Live Updates: Sensex, Nifty Set To Open Higher; Tata Motors In Focus

SGX Nifty or the Nifty future traded on the Singapore Exchange rose 0.33 per cent or 37 points to 11,134.

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GoAir Announces New International Flights, Details Here

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

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Next Monetary Policy Meet May Take Call On Lower Repo Rate: RBI Governor

The Governor was responding to queries that if the RBI may reach near about 5 and 4.75 per cent, which is historically low, there is no space to go beyond that.

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Amazon, Flipkart Sales Generate Rs 19,000 Crore In 6 Days: Report

Amazon's GMV growth was 22 per cent (YoY). However, its volume growth rate was more than 30 per cent (YoY).

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Gold Sales Likely To Decline 50% On Dhanteras: Experts

Gold imports have nosedived due to higher prices and an increase in the import duty, an expert said.

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Sensex, Nifty Down Nearly 4% In Six-Day Fall: 10 Things To Know

Domestic stock markets have corrected about nearly four per cent in last six days, with the benchmark S&P BSE Sensex index retracting 1,457.76 points - marking their worst losing streak since July....

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US Adds Eight Chinese Firms To Trade Blacklist

The move is likely to impact not just them but also their suppliers, customers and financial backers.

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Indian Economy Likely To Face More Risks In Near Term: RBI

The RBI in its Monetary Policy Report, October 2019, has said that a combination of domestic and global headwinds has depressed economic activity in the country.

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How To Check Status Of Income Tax Refund? Other Details Here

The Income Tax Department enables individuals who have deposited excess tax to claim refund.The status of the refund can be checked on the e-governance website of National Securities Depository...

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Your Fixed Deposit Fetches These Interest Rates At Present

Fixed deposit (FD) interest rates: Top banks such as State Bank of India (SBI), Punjab National Bank (PNB), ICICI Bank and HDFC Bank provide up to 50 basis points higher returns to senior citizens.

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Petrol, Diesel Rates Cut For Sixth Day In A Row

Petrol, diesel price today: The price of petrol has been reduced by a cumulative Rs 1.02 per litre - or 1.37 per cent - in Delhi over a period of five days. The rate of diesel has been lowered by 68...

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Financial Markets To Remain Closed Today For Dussehra

Trading in the equity, debt and currency markets will resume on Wednesday, October 8.

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UK Completes Thomas Cook Repatriation Of Passengers

The final flight arrived at 8.31 am, touching down at Manchester airport in northern England from Orlando, Florida.

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Samsung Vice Chairman In India, May Meet PM Modi, Mukesh Ambani: Report

Mr Lee arrived in India on Sunday and was briefed by Samsung Electronics officials. It is believed to be Mr Lee's first visit to India since March.

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Income Tax Department Kicks Off E-Assessment With 58,000 Cases

The I-T department's e-assessment project seeks to provide better taxpayer service and reduction of taxpayer grievances.

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Rupee Ends Lower At 71.02: 10 Things To Know

The rupee settled 14 paise lower against the dollar on Monday. The local currency opened on a weak note at 71.00 and fell further to a low of 71.09 against the American currency. The domestic currency...

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Oyo To Raise $1.5 Billion Led By Founder, Existing Investors

Oyo founder Ritesh Agarwal will put in $700 million into the company as a primary investment, an Oyo spokeswoman said.

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Looking To Invest In Sovereign Gold Bonds? Here's All You Need To Know

The fifth series (Series V) of Sovereign Gold Bonds (SGBs) 2019-20 has opened for subscription on Monday. SGB, a government-run scheme, allows gold investments in non-physical form. For the current...

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Sensex, Nifty Fall For Sixth Day In A Row; Pharma Share Worst Hit

Eight of 11 sector gauges compiled by National Stock Exchange ended lower led by the Nifty Pharma index's 3.35 per cent fall.

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SoftBank CEO Says "Embarrassed And Flustered" By Track Record: Report

SoftBank founder and CEO Masayoshi Son is spending most of his time on the group's investing activities - centred on the $100 billion Vision Fund - leaving day-to-day running of core businesses such...

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SBI Launches Debit Card EMI Facility For Select Customers, Details Here

All customers having clean financial and credit history are eligible for availing the facility, the SBI said.

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Petrol, Diesel Prices Cut For Fifth Straight Day

Petrol diesel price today: The domestic petrol and diesel prices are determined broadly by the international crude oil prices and the rupee-dollar exchange rates.

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CNG, PNG Prices Slashed In Delhi, Adjoining Areas, Check Latest Rates

The piped natural gasrates have been reduced by Rs 0.90 per cubic metres in Delhi and by Rs 0.40 in towns of Uttar Pradesh.

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Yes Bank Files Complaint Against Rumors About Its Financial Health

Yes Bank said it had requested the authorities to form a multi-disciplinary team of experts for detecting the origin of the fake news and assess the short-sell positions, held either directly or...

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Paytm Founder Vijay Shekhar Sharma On IPO, New Plans And Pink Floyd

Paytm is the market leader in India, where KPMG sees digital payments growing at the fastest rate of any country.

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Sensex, Nifty Likely To Open Higher Today

LIVE market updates: At 8:34 am, the Singapore Exchange (SGX) Nifty futures - an early indicator of the National Stock Exchange (NSE) Nifty index in India - were up 7.50 points - or 0.07 per cent - at...

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

petrol and diesel prices are reviewed on a daily basis by oil marketing companies and any changes are implemented at the fuel pumps with effect from 6 am.

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Finance Ministry To Kick-Start Budgetary Exercise From October 14

The Budget Estimates for 2020-21 will be provisionally finalised after the expenditure secretary completes discussions with other secretaries and financial advisers.

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Second Quarter Earnings, Macro-Data To Flare-Up Market Volatility

IT major Tata Consultancy Services (TCS) is expected to be the first blue-chip to come out with its Q2 result on October 10.

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Stake Sale Of PSUs May Be Put Before Cabinet By November: Report

Exit from BPCL and SCI and sale of 30% equity in Concor will help government mop up Rs 70,000-75,000 crore.

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Key Lending Rate Reduction To Benefit Consumers: Prakash Javadekar

Mr Javadekar said the reduction in repo rate by the Reserve Bank of India (RBI) is an important step to boost growth and it will directly benefit the consumers as bank loans will get cheaper.

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Bosch To Shut Production For 10 Days Per Month In Third Quarter: Official

With 10 days a month, production in its plants across the country will be curtailed by 30 days of the quarterly's 90 days.

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Past Policy Transmissions Have Remained Incomplete: RBI

RBI's MPC in the fourth policy review on Friday maintained the accommodative stance by reducing repo lending rate by 25 basis points to 5.15 percentage point from 5.40 per cent.

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Air India Announces New Flights, Details Here

The announcement from Air India comes amid high competition in the country's civil aviation market.

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Sovereign Gold Bonds To Open For Subscription On Monday, Details Here

The Sovereign Gold Bond (SGB) is restricted for sale to resident individuals, HUFs (Hindu Undivided Families), trusts, universities and charitable institutions, according to RBI.

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RBI's Rate Cut Will Help If Banks Pass On Benefits To Businesses: India Inc

This year alone the RBI has cut rates by 1.1 per cent while banks have passed on an average of only 0.29 per cent to customers, industrialists said.

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Petrol, Diesel Rates Cut Across Metros, Check Prices Here

Currently, oil marketing companies such as state-run Indian Oil Corporation review the prices of petrol and diesel on a daily basis. Domestic fuel prices are influenced by factors such as the...

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Cabinet Approves New Strategic Disinvestment Process: Officials

This was done with a view to streamlining and speeding up the process, reducing the role of administrative ministries which often used to place hurdles in the path of major stake sales, officials...

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Amazon India, Flipkart Post Record Growth This Festive Season: Report

Nearly 15,000 sellers more than doubled the sales while millionaire sellers including "crorepati" sellers exceeded 21,000 sellers in the sale.

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RBI Rate Cut To Complement Centre's Steps To Boost Growth: Ministry

Last month, the government cut corporate tax rate by almost 10 percentage points, a move which has a tax implication of Rs 1.45 lakh crore.

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Slight Retreat In Gold Prices Add To Festive Lure In India: Report

Traders hoped demand would increase in the final quarter as India gears up for festivals such as Diwali and Dussehra, when buying gold is considered auspicious.

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Zombie' Buildings Worth Rs 4.47 Lakh Crore Sound Warning For Banks

Radius and hundreds of other developers relied on loans from what India calls non-banking financial companies (NBFCs) to fuel a five-year property boom.

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SpiceJet Could Take More Of Jet Airways' 737 Max Planes: Ajay Singh

In August SpiceJet reported its biggest-ever quarterly profit, and its market value has soared to $1.2 billion.

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Bandhan Bank, Gruh Finance To Merge On October 17

Bandhan Bank''s merger with Gruh Finance will help the Kolkata-based private lender diversify its loan portfolio of Rs 45,400 crore, which is heavily skewed towards micro loans with 85 per cent share.

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

India imported 26 tonnes of gold in September, down from 81.71 tonnes a year ago, said the source.

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Government Holding Talks On Reduction In Personal Income Tax: NITI Aayog

NITI Aayog Vice-Chairman Rajiv Kumar said that he is confident that the government is considering demands for a cut in personal income tax rates.

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Sensex Ends 434 Points Lower As Markets Extend Losses To Fifth Day

Top percentage losers on the 50-scrip benchmark index were Zee Entertainment, Grasim, UltraTech Cement, JSW Steel, Titan and Kotak Bank.

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RBI Raises Near-Term Inflation Forecast To 3.4% For Q2 Of 2019-20

With all six members of the MPC voting in favour of a rate cut and for retaining the accommodative stance, the benchmark repo rate was cut by 25 basis points to 5.15 per cent.

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No Reason To Doubt Government Commitment On Fiscal Targets: RBI

Last month, the finance minister had announced tax cuts for corporates by 10-12 per cent to 25.17 per cent.

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Sensex, Nifty Erase Gains After RBI Lowers Repo Rate by 25 Basis Points

Eight of 11 sector gauges compiled by National stock Exchange were trading lower led by the Nifty Bank index's over 2 per cent fall.

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RBI Reduces Repo Rate To 5.15%, Lowest Since April 2010: 10 Points

The Reserve Bank of India (RBI) on Friday lowered the repo rate by 0.25 percentage point to 5.15 per cent, in line with economists' expectations. The central bank's Monetary Policy Committee also...

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"No Such Demand From Government": RBI Governor On 30,000 Crores 'Payout'

The Reserve Bank of India (RBI) today said the government has not dropped in any request for an interim dividend payout of Rs 30,000 crore, after the centre's recent move to cut corporate tax raised...

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RBI Will Not Allow Any Co-Operative Bank To Collapse: Shaktikanta Das

On Thursday, RBI raised withdrawal limit for account holders of the PMC Bank to Rs. 25,000 from earlier withdrawal limit of Rs. 10,000.

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RBI Lowers GDP Growth Forecast For Current Financial Year To 6.1%

The Reserve Bank of India's cut in GDP growth forecast comes at a time when the country's growth logged slowest pace of growth in six years.

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

The six-member monetary policy committee (MPC) cut the repo rate by 25 basis points to 5.15 per cent, in line with expectations.

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RBI Lowers Key Lending Rate To 5.15% - 5th Straight Cut - To Boost Growth

The decision to cut repo rate by the Reserve Bank of India was agreed upon by all the Monetary Policy Committee members.

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Services Sector Contracts In September On Weak Demand: Survey

The weak manufacturing and dismal services sector activity dragged down the composite PMI to just below the 50-mark for first time since February 2018.

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What To Expect From Fifth RBI Policy Statement Of Year Today

The commentary of the RBI top brass will be monitored closely for hits of further monetary action in the months to come.

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Rate Sensitive Shares Gains Ahead Of Monetary Policy Decision

Gauge of auto shares on the NSE - Nifty Auto index rose 0.61 per cent followed by gain of 0.6 and 0.5 per cent each in Nifty Financial Services and Nifty Bank indexes respectively.

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Sensex, Nifty Likely To Open Higher Ahead Of RBI Policy Statement

On Thursday, the Sensex and Nifty had declined 0.52 per cent and 0.40 per cent respectively to close lower for a fourth straight session.

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RBI May Announce Fifth Rate Cut Of The Year Today: 10 Things To Know

The Reserve Bank of India will in the next few hours reveal the outcome of its fourth bi-monthly policy review. Many economists expect the six-member Monetary Policy Committee, chaired by the central...

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Japanese Retailer Uniqlo Debuts In Indian Market

Uniqlo is present in 23 other countries with 2,200 stores and aims to work with Indian producers and strengthen its sourcing base in India.

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RBI Raises Withdrawal Limit For PMC Bank Account Holders To Rs 25,000

With the above relaxation, more than 70% of the depositors of the bank will be able to withdraw their entire account balance, RBI said.

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11,250 Important Support Level For Nifty, Says Pradip Hotchandani

Important support on the downside for Nifty is placed at its 200-day moving average which is placed at 11,250, says Mr Hotchandani.

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IRCTC Hoped To Raise 645 Crore. Investors Gave It Rs 72,000 Crore

IRCTC will not receive any proceeds from the offer and all proceeds will go to the government, according to the red herring prospectus.

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India, Malaysia Priciest Share Markets In Asia: Refinitiv Data

As of Wednesday, India's P/E valuations increased to 16.42 from 15.98 a month earlier. Indian equities benchmark rose 4.1 per cent last month.

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Highly Dejected With Stake Sale, Say Rana Kapoor's Daughters

"We are highly dejected that our family shareholding in Yes Bank was sold at such dismal price levels," MCPL said in a statement.

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Lakshmi Vilas Bank Hits 5% Lower Circuit For Fourth Straight Day

Lakshmi Vilas Bank on Wednesday informed exchanges that its non-executive independent director Supriya Prakash Sen resigned from the bank.

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Sensex, Nifty Fall Fourth Straight Session As Banking Shares Fall

Seven of 11 sector gauges compiled by National Stock Exchange ended lower led by the Nifty Metal Index's 3 per cent decline.

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RBI Seen Reducing Key Interest Rates For Fifth Time This Year

In a bid to revive business activity, the government in September announced a sharp cut in the corporate tax rate - to 22 per cent from 30 per cent. But while the tax cut brings the cost of doing...

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Give Your Home A Sparkling New Look This Diwali With A Personal Loan

You can simply use the personal loan calculator to determine affordable EMIs and select the right tenor accordingly.

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Rana Kapoor's Close Aide Rajat Monga Quits Yes Bank

The announcement came during a conference call with investors and analysts following a heavy plunge in the bank's share price.

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Government Should Bring A Stimulus Package, Cut Income Tax: Adi Godrej

India's GDP growth in April-June slid to a more than six-year low of 5 per cent, prompting the government to step in.

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IRCTC IPO Subscribed More Than 3.5 Times So Far On Last Day

IRCTC IPO subscription status: Bids for 7.30 crore shares were received by 10:30 am, data from the NSE showed. That marked a subscription of 3.62 times. IRCTC - the online ticketing arm of the Indian...

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Yes Bank "Very Stable", Says CEO Ravneet Gill; Shares Surge

Yes Bank chief executive officer Ravneet Gill said on Thursday that the private sector lender remains on a solid financial footing, and the recent fall in the share price does not reflect its...

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Yes Bank "Very Stable", Says CEO Ravneet Gill After Stock Slide

Yes Bank shares plunged nearly 23 per cent on Tuesday to their lowest close in over a decade.

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Bangalore-Based Startup Udaan, 3, Raises $585 Million In Latest Funding

The Bangalore-based startup sources directly from small manufacturers, farmers and mill owners to supply to neighborhood stores, restaurants, offices and even street vendors.

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Sensex, Nifty Likely To Open Flat Today

The Sensex and Nifty had ended 0.94 per cent and 1.00 per cent lower on Tuesday amid volatile trade.

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Finance Ministry To Start Pre-Budget Meetings From October 14

In calender year 2019-20, government had to present two budgets due to national elections -- an interim Budget in February and a general Budget on July 5 after formation of the government.

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RBI May Have To Pay Interim Dividend To Support Government: CARE Ratings

The revenue receipts have been 4 per cent higher in the current fiscal year compared with the last year.

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GoAir Announces New Flights, Details Here

GoAir will increase frequencies between its existing routes such as Kolkata-Guwahati and Ahmedabad-Chandigarh.

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Banks To Hold Loan Melas From Tomorrow: 10 Things To Know

Banks will organise the first phase of 'Loan Melas' in 250 districts starting from Thursday. 'Loan Melas', an outreach programme, is aimed at meeting the demand of borrowers during the festival...

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Global Stocks Drop To One-Month Low After US Manufacturing Hit

MSCI's gauge of stocks across the globe, covering 49 markets, dipped 0.3 per cent to its lowest since September 5, after shedding 0.83 per cent in the previous session.

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Forced Stake Sale Behind Fall, Says Yes Bank After Shares Plunge 23%

Yes Bank said on Wednesday that the steep fall in its shares the previous day was primarily on account of forced stake sale by a large shareholder. The statement from the private sector lender came a...

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Yes Bank Says Forced Stake Sale Led To Steep Fall In Stock

Yes Bank sought to allay concerns, saying that its financial and operational metrics remained "intrinsically sound".

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Ahead Of Festival Season, Loan Mela In 250 Districts From Thursday

This is part of the systematic bank reform process which envisioned taking banks to doorsteps of customers.

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Non-Subsidised LPG Prices Hiked, Check Out Latest Prices Here

The rise in the non-subsidised prices of LPG was to the tune of Rs 12.5-15 per cylinder of 14.2 kilograms in Delhi, Mumbai, Kolkata and Chennai, according to Indian Oil Corporation.

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From Interest Rate To Tax Benefit: Key Things To Know About A PPF Account

A minimum deposit of Rs 500 per financial year is required in order to invest in a PPF account. The maximum sum allowed is Rs 1.5 lakh per financial year. The deposit can be made in whole or in 12...

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PNB Revises Fixed Deposit Interest Rates, Details Here

PNB has lowered the interest rates by up to 0.25 percentage point on select maturities, according to the public sector bank's website -- pnbindia.in.

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Banking System Safe And Stable, No Need To Panic: RBI

The Reserve Bank of India said on Monday that the country's banking system is "safe and stable" and there is no need to panic. The assurance from the central bank came on a day a selloff in the...

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Petrol, Diesel Prices Kept Unchanged Today. Check Latest Rates Here

The domestic rates of petrol and diesel are adjusted taking into account factors such as global crude oil prices and the rupee-dollar foreign exchange rates.

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IRCTC Initial Public Offer Subscribed More Than Three Times

IRCTC IPO subscription: At the end of trade on Tuesday, bids for 6.56 crore shares were received as against the total 2.02 crore shares on offer under the IRCTC IPO, data from the National Stock...

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IndiGo Feud: Rahul Bhatia Seeks Arbitration In Dispute With Rakesh Gangwal

The IGE Group and the RG Group are promoters of the company, which has been named as a respondent, InterGlobe Aviation said. IndiGo said that it had been named as a respondent "as it is a party to the...

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Financial Markets To Remain Closed Today For Mahatma Gandhi Jayanti

Trading in the equity, debt and currency markets will resume on Thursday, October 3.

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Government Appoints Mallikarjuna Rao As Chief Executive Officer Of PNB

The government in August merged United Bank of India and Oriental Bank of Commerce with Punjab National Bank, making the proposed entity the second largest public sector bank (PSB).

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Surjit Bhalla Appointed As Executive Director Of IMF

The key post of Executive Director at the multilateral agency had fallen vacant after the death of Dr Subir Gokarn in July this year.

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Mahindra, Ford Motor To Form Joint Venture, Deal Valued At $275 Million

The deal envisages Ford to transfer its India operations to the joint venture, including its personnel and assembly plants in Chennai and Sanand.

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IDBI Bank Offers Repo-Based Lending, Bulk Deposit Rates

Festival-bound demands for home and auto loans now get cheaper with external benchmark linked rates.

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Rupee Moves Lower To 71.07 Against Dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.11 per cent to 99.48.

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No Need To Panic, Indian Banking System Safe: RBI

Shares of private sector lender Yes Bank plummeted over 22 per cent, while RBL, IndusInd Bank, SBI, IDFC First and PNB fell up to 5 per cent on the NSE.

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SBI Links Repo Rate With Floating Rate-Based Loans, Details Here

Repo rate is the key interest rate at which the RBI lends short-term funds to commercial banks.

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Opinion: How Government Should Tackle Shadow Banking Crisis

A year after the collapse of IL&FS Group, a specialist infrastructure financier, the crisis of confidence is getting worse.

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PMC Bank Chief Reveals How He Hid Bad Loans From RBI For 10 Years

Last week, the RBI took the rare step of limiting withdrawals from PMC, causing depositors to besiege the bank's branches to retrieve their money.

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GST Collections Fall Nearly 3% In September

The Goods and Services Tax (GST) collection in September declined to Rs 91,916 crore, as against Rs 98,202 crore in the preceding month.

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RBI Likely To Cut Key Lending Rates By 0.25% To Boost Growth: Experts

In the August policy, RBI had reduced the repo rate by an unconventional 35 basis points from 5.75 per cent to 5.40 per cent.

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Monsoon Likely To Withdraw From October 10: Weather Office

The monsoon generally begins in June and starts to retreat by September 1, but rains have continued beyond that date this year and triggered floods, killing hundreds.

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RBI Monetary Policy Meet Begins; Rate Cut On Cards To Boost Economy

The Governor has already hinted that the benign inflation provides room for further monetary policy easing while space for fiscal space is limited.

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Banks To Remain Closed On These Days In October, Check Full List

According to current Reserve Bank of India (RBI) rules, banks also observe public holiday on second and fourth Saturdays of the month. Banks are shut on all Sundays.

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Sensex Falls Over 700 Points, Nifty Below 11,300; Bank Shares Worst Hit

Domestic stock markets suffered sharp losses on Tuesday, with the S&P BSE Sensex falling more than 700 points amid volatile trade. The broader NSE Nifty benchmark slumped as much as 213.2 points to...

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LPG Cylinder Becomes More Expensive. Find Out Latest Rates Here

Monday's revision marks the second straight hike in prices. In September, the prices of LPG in metros were hiked nearly 3 per cent compared with the previous month.

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Maruti Suzuki Sales Fall Nearly 27% In September

Maruti Suzuki said its total passenger vehicle sales in the domestic market fell 27.10 per cent to 1,10,454 units. Maruti Suzuki shares rose around 2 per cent in intraday trade.

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Lakshmi Vilas Bank Locked In 5% Lower Circuit For Third Day In A Row

Shares of the Chennai-based private sector lender - Lakshmi Vilas Bank - were locked in a 5 per cent lower circuit for third day in a row.

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IRCTC Initial Public Offer Fully Subscribed

By 10:30 am, bids for 2,17 crore shares were received out of the total 2.02 crore shares on offer under the IRCTC IPO, data from the National Stock Exchange showed. That marked a subscription of...

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Latest Interest Rates Offered By Post Office Small Saving Schemes

Investment in post office small savings schemes fetch returns to the tune of 4-8.6 per cent, according to the website of India Post - indiapost.gov.in

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Your Kirana Store Can Fight Amazon and Walmart: Top Tech Investor

From the poshest neighborhoods to teeming slums, typical Indian kiranas are cramped spaces that can just about fit a king-size bed but are chock-full of sacks of rice, lentils and dried chili peppers.

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Sensex, Nifty Likely To Open Higher Today

On Monday, the Sensex and Nifty had ended 0.40 per cent and0.33 per cent lower respectively.

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Infrastructure Output Contracts In August For First Time Since 2015

The data signals the economic growth recovery in Asia's third largest economy may be slow despite a cut in the corporate tax rate and other policy measures designed to spur investment.

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