Credit Growth In Banking Sector To Continue: SBI Chairman Rajnish Kumar

The minutes of the MPC of the RBI this month stated that overall financing conditions have been improving

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Jet Airways Founder Naresh Goyal Agrees To Step Down As Chairman: Report

Saddled with a billion dollars in debt, Jet has defaulted on loans and has not paid pilots, leasing firms and suppliers for months.

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IRCTC Launches Payment Aggregator iPay: 5 Things To Know

With the launch of IRCTC iPay, the passengers will not need any third-party platforms.

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Drugs Regulator Finds No Asbestos In Johnson & Johnson Talc: Report

The regulator and its counterparts in states launched an investigation into J&J's Baby Powder following a Reuters report in December

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Government Plans More PSU Bank Mergers: Report

After April 1, the number of state-run lenders will come down from 21 to 18 following the amalgamation of three banks.

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Bharti Airtel Board Approves Plan To Raise Rs 32,000 Crore

The board, in its meeting during the day, approved a proposal to raise Rs 25,000 crore through rights issue

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Rupee Rises By 52 Paise To End At 70.72 Against Dollar: 10 Things To Know

The rupee recovered by 52 paise to close at 70.72 against the dollar on Thursday as investors wagered on de-escalation of tensions between India and Pakistan, reported news agency Press Trust of India...

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Core Sector Growth At 1.8% In January, Slowest Since June 2017

Production of crude oil, refinery products and electricity contracted by 4.3 per cent, 2.6 per cent and 0.4 per cent, respectively, in January.

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PNB Tops List Of Best-Performing Public Sector Banks: 10 Things To Know

PNB also topped the list of PSBs in three out of six key areas of strong performance assessed by the report.

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GDP Growth Slips To 6.6% In October-December, Here's What Experts Say

The government also revised its 2018-19 GDP growth estimate to 7 per cent from 7.2 per cent

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GDP Growth Slows To 6.6% In December Quarter

The Central Statistics Office (CSO) has projected GDP growth to average at 7.2 per cent in the current financial year (2018-19).

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Break-Up Plans Not Contingent On Tata Steel Deal: Thyssenkrupp

Thyssenkrupp is planning to break itself apart in addition to combining its European steel operations together with those of Tata Steel.

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Top Court Allows Delhi Police To Take Custody Of Amrapali's Anil Sharma

Now, the Delhi Police has been allowed to arrest and interrogate them in a separate case of cheating lodged with its EoW wing.

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Sensex, Nifty Fall For Third Day Dragged By IT, Auto Stocks

Domestic equity benchmarks clocked their third day of losses in a row dragged by selling pressure in information technology and automobile heavyweights.

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You Don't Get Away By Not Paying Back Loans To Banks: Arun Jaitley

Arun Jaitley said that reforms in the banking sector are necessary to make public sector banks compete with private banks.

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PF Online Nomination: How To Submit Details, Other Rules Here

To avail EPFO's e-nomination facility, subscribers must have an active UAN (Universal Account Number). Also, Aadhaar details should have been seeded to subscribers' EPF account.

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Gold Prices Fall By 450 Rupees On Weak Global Cues: 5 Things To Know

In Delhi, gold of 99.9 per cent and 99.5 purities slumped by Rs 450 each to Rs 34,200 and Rs 34,030 per 10 grams, respectively.

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State-Run Banks Recover Rs 98,000 Crore In April-December

Banking Secretary Rajeev Kumar said PSU banks have recovered Rs 2.87 lakh crore since 2015.

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Sensex, Nifty Erase Gains As IT, Auto Shares Fall Ahead Of F&O Expiry

Sensex and Nifty erased intraday gains as selling pressure in information technology and auto heavyweights outpaced gains in power and energy stocks.

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Income Tax Department Asked To Boosts Revenue Collection, Taxpayer Base

The central government had earlier this month appointed PC Mody as the chairman of CBDT.

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JioPhone2 Flash Sale Starts: Pricing, Timing, Other Details Here

Reliance Jio's flash sale of its JioPhone2 began today with handsets starting at Rs 2,999. The 4G-enabled JioPhone allows users a horizontal viewing experience with a QWERTY keyboard for ease of...

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Post Office ATM Rules: Transaction Limits, Cash Withdrawal Charges, More Details

India Post offers five transactions per day free of cost at its ATMs. This includes financial and non-financial transactions carried out at post office ATMs.

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Link PAN With Bank For Refunds: Income Tax Department To Assessees

Currently, the Income Tax Department issues refunds to assessees either in their bank account or through account payee cheques.

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Jet Airways Drops On Grounding More Planes

Jet Airways grounded two planes on February 23 and four planes on February 7 taking its total tally of grounded planes to 13.

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Rupee Edges Higher Against Dollar

The dollar rose from a three-week low overseas as investors grew cautious about US-China trade talks.

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Sensex Rises Over 150 Points, Nifty Above 10,850

Indian Oil, Bharti Airtel, ONGC and Coal India were the top gainers on the 50-scrip Nifty index.

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33% Professionals Feel Technology Hinders Work, Family Commitments: Survey

According to the survey, 67 per cent of the India's working professionals think about work, even when they are not at work.

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Jet Airways Grounds Seven More Aircraft

Saddled with a billion dollars in debt, Jet has defaulted on loans and has not paid pilots, leasing firms and suppliers for months.

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SpiceJet Announces New Domestic Flights, Offers Tickets From Rs 2,560

SpiceJet's new flights come amid high competition in the country's civil aviation sector

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Rupee Falls By 17 Paise To Close At 71.24 Against Dollar: 10 Points

The rupee depreciated by 17 paise to settle at 71.24 against the dollar on Wednesday amid a flare up of tensions between India and Pakistan, reported news agency Press Trust of India (PTI). The...

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10 Things To Know About Post Office Savings Account

A post office savings account can be opened by cash only. The minimum amount for opening of a savings account with post office is Rs 20.

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Gold Prices Gain On Wedding Season Demand: 5 Things To Know

In Delhi, gold of 99.9 per cent purity rebounded by Rs 120 to Rs 34,650 and gold of 99.5 purity rose by Rs 80 to Rs 34,480 per 10 grams

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Sensex, Nifty Extend Losses To Second Straight Day

Domestic equity benchmarks fell for second straight day in a highly volatile session as tensions between India and Pakistan escalated.

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Fixed Deposit (FD) Interest Rates Offered By Select Banks

Some fixed deposits (FDs) come with a premature withdrawal facility while some require a compulsory lock-in period.

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Bharti Airtel Partners With Nokia To Upgrade Data Centre Network

"We are confident that this partnership with Nokia will allow us to upgrade our data centre and will enable us to continue to provide the best-in-class services to our subscribers," said Randeep...

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GoAir Offers Flight Tickets From 2,499 Rupees

Under GoAir's offer, flight ticket on Ahmedabad-Kochi route is availablestarting from Rs. 2,499 for travel between May 8 and May 20, 2019

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Sensex, Nifty Fluctuate Amid High Volatility; Banking Shares Fall

Domestic equity benchmarks were witnessing wild swings in a highly volatile trading session after geo-political tensions between India and Pakistan escalated.

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Latest FD Interest Rates OF SBI On Deposits Below Rs 2 Crore

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

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Adani Enterprises To Enter Airports Business

Adani was the highest bidder for all the airports, bidding more than double than that of GMR for each of the six airports, and even five times more in the case of Mangalore. GVK did not participate in...

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Sensex Drops Over 600 Points From Day's High, Nifty Slides Below 10,800

Sensex fell as much as 545 points from intraday high levels and Nifty 50 index plunged 161 points from day's highest level.

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Mukesh Ambani Ranked Among Top 10 In Global Rich List By China's Hurun

Mukesh Ambani broke into the top 10 in the world for the first time after a $9 billion or 20 per cent surge in his wealth to $54 billion.

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Rupee Moves Higher To 71.01 Against Dollar

Foreign institutional investors (FIIs) bought shares worth Rs 1,674.17 crore on Tuesday, as per provisional data.

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Sensex Jumps Over 250 Points, Nifty Above 10,900

Yes Bank, Bajaj Auto, Sun Pharma, Asian Paints and JSW Steel were among the top gainers on the Nifty.

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Petrol Prices Up Over Rs 2.5/Litre So Far This Year, Diesel Up Rs 4/Litre

Petrol, diesel prices today: Currently, the domestic prices of petrol and diesel vary from state to state, and reviewed by oil marketing companies such as Indian Oil on a daily basis.

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Supreme Court Orders Malvinder, Shivinder Singh To Appear On March 14

The court ordered the presence of two brothers on a plea by the Japanese drug maker Daiichi Sankyo.

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Indian Railways Luggage Rules: Here's All You Need To Know

Extra luggage is chargeable at 1.5 times of the applicable luggage rate, according to Indian Railways.

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Government Delays Levying Retaliatory Tariff On US Goods To April 1

Angered by Washington's refusal to exempt it from new steel and aluminium tariffs, New Delhi decided in June to raise the import tax from August 4 on some US products including almonds, walnuts and...

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How To File Online Claim For PF Withdrawal? Here's A Step-By-Step Guide

EPF is a mandatory contribution that every company, which has more than 20 employees, has to deduct from the salary of its employees.

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Rupee Edges Lower To Close At 71.07 Against Dollar

Reacting to rising geo-political tensions, rupee opened 30 paise lower at 71.27 in the early trade and further weakened to 71.35 in intraday trade.

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RBI Takes Three Banks Off Corrective Action List

The central bank also removed Dhanlaxmi Bank from the framework, as the bank was found to be not breaching any of the risk thresholds.

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Jio Seen As Top Telecom Operator In 2019, But At A "Heavy Cost": Report

While detailed numbers have not been disclosed, estimates suggest total invested capital in Jio has reached Rs 2.6 lakh crore

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Postpaid Plans Of Jio, Airtel, Vodafone Under Rs 650 Compared Here

Besides the regular unlimited calling and data benefits, telecom companies are also offering additional facilities such as subscription to Amazon Prime Video and Netflix with postpaid plans.

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April-January Fiscal Deficit At 121.5% Of Full-Year Target

Earlier this month, while presenting the annual budget for 2019-20, the government had revised upward its fiscal deficit target to 3.4 per cent of GDP for the current fiscal year.

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These Post Office Saving Schemes Offer 8-8.7% Interest Rates

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

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How To Check Status Of Income Tax Return Filed Online

Using this facility, individuals who had filed their income tax online (through the e-filing process) can find information on the status of their submission, according to the Income Tax Department's...

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RBI Proposes New Compensation Rules For Top Officials Of Private Banks

The RBI proposed that at least 50% of compensation of senior officials of private and foreign banks, "should be variable".

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Sensex Drops 240 Points On Heightened Geo-Political Concerns

The S&P BSE Sensex fell as much as 499 points and NSE Nifty index dropped below 10,750.

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Kotak Mahindra Bank Raises Foreign Investment Limit

The hike in the shareholding limit comes as the lender grapples with RBI's directive on reducing its Chief Executive Uday Kotak's stake in the bank.

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SBI Savings Accounts For NRIs: Minimum Balance, Eligibility And More

State Bank of India offers three types of accounts to NRIs: Non Resident Ordinary (NRO) account, Non Resident External (NRE) account and Foreign Currency Non-Repatriable (Bank) FCNR (B) account.

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Gold Prices Fall By 60 Rupees: 5 Things To Know

In Delhi, gold of 99.9 per cent fell by Rs 60 to Rs 34,530 per 10 grams, while gold of 99.5 per cent shed Rs 40 to Rs 34,400 per 10 grams.

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Here Are The Fixed Deposit (FD) Interest Rates Of Key Banks

The interest rates on fixed deposits (FDs), which are revised from time to time, vary according to the tenor of a fixed deposit.

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Warren Buffett Says Berkshire Hathaway Overpaid For Kraft Heinz

Warren Buffett spoke four days after Kraft Heinz took a $15.4 billion writedown for its Kraft and Oscar Mayer brands and other assets,

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GST Cut Should Boost Realty Demand, But Many Issues Linger: Experts

Industry executives are sceptical their positions - and those of many would-be buyers - will improve much, especially if there's no easing of a funding crunch.

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ICRA Downgrades Dewan Housing Finance, Shares Plunge 8%

The housing finance company's shares opened lower at Rs 130.50 apiece on the NSE and plunged to an intraday low of Rs 125.45 in early trade.

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Rupee Declines By 30 Paise Against Dollar

Strength in dollar against some currencies overseas and a lower opening in domestic equities kept pressure on the domestic unit, dealers said.

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Sensex Falls Over 350 Points, Nifty Slides Below 10,770

Selling in banking, auto and metal stocks dragged the markets lower however strength in information technology shares kept the downside in check.

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India's GDP Growth Likely Slowed To 6.9% In December Quarter: Poll

The median forecast from more than 55 economists polled on February 19-25 was for growth of 6.9 per cent, compared with 7.1 per cent in July-September.

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Foreign Direct Investment Inflows Fall Amid Uncertainty Ahead Of Polls

Inbound foreign direct investment (FDI) dropped 7 per cent to $33.5 billion in the nine months between April and December 2018

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SBI Personal, Home, Car Loan: Interest Rates, Amount And Other Details

The interest rates applicable on different loans vary, depending upon the type of loan, its term and the purpose other factors.

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Rupee Strengthens By 17 Paise On Easing US-China Trade Concerns

The dollar index, which tracks the American unit against a basket of six major currencies, fell down 0.18 per cent at 96.33.

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Fortis Asks Sebi To Arrest Malvinder, Shivinder Singh For 400-Crore Fraud

The company earlier this month had requested the Sebi to use its legal authority to recover the money from Malvinder and Shivinder Singh.

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IL&FS Accounts Not To Be Declared Bad Loans, Rules Tribunal

A two-member bench headed by NCLAT Chairman Justice (Retd) SJ Mukhopadhyay was hearing an application moved by some of its lenders.

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National Critical Illness Policy: Premium, Eligibility And Other Details

National Insurance Company offers two variants of the National Critical Illness Policy: Plan A and Plan B.

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Adani Group Wins Bids To Operate Five Airports, Says Official

Adanis were the highest bidder for Ahmedabad, Thiruvananthapuram, Lucknow, Mangaluru and Jaipur airports, the official said

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Gold Prices Remain Above 34,500 Rupees Mark: 5 Things To Know

Gold of 99.9 per cent and 99.5 per cent purity ruled flat at Rs 34,590 and Rs 34,440 per ten grams, respectively

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Motilal Oswal, IIFL Shares Fall After Sebi Order

Sebi is probing as many as 300 brokers for violation of rules colluding with the National Spot Exchange Ltd (NSEL) to defraud investors.

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Sensex, Nifty Wipe Out Entire Losses Of 2019

Domestic equity benchmarks wiped out entire losses of 2019 led by gains in information technology and private sector lenders.

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

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

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SBI Says Reports Of Taking Jet Airways To NCLT 'Speculative'

Reports earlier said SBI was mulling moving the NCLT to recover its loans from Jet as it felt the airline was running out of funds for operations.

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Four Ways To Link PAN With Aadhaar

With the linking of PAN card with Aadhaar card mandatory for filing of income tax return (ITR), the Income Tax Department has announced March 31, 2019 as the due date for assessees to link the two....

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India's Stock Market Sets Off Alarm Bells But It Will Get Better: Experts

India has wiped out $113 billion in value this year after winning the regional equity crown in 2018. Uncertainty surrounding upcoming elections, an ongoing debt issue, a government that's making...

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Sensex Jumps Over 150 Points, Nifty Hits 10,830

Top advancers on the Nifty were JSW Steel, Tata Motors, UltraTech Cement, Vedanta and Tata Steel.

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Petrol, Diesel Prices Hiked For Five Straight Days

Petrol and diesel prices were hiked marginally on Monday, making a fifth consecutive upwards revision in a row. While the petrol price was increased in the range of 14-16 paise per litre in Delhi,...

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Uber In Talks With Swiggy To Sell Indian Food-Delivery Business: Report

The San Francisco-based company has poured resources into the operations to lure users with bargain food deals delivered to the doorstep but it's pitted against competitors with powerful investors....

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Want To Invest In Recurring Deposits? Here's What Top Lenders Pay

Institutions such as small finance banks and post offices also offer the facility of recurring deposit.

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GST Council Cuts Rate On Under Construction Flats To 5%

GST Council meet: The Council also cut GST rates on affordable housing to 1 per cent from the current 8 per cent.

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SBI Small Savings Account: Interest Rates, Eligibility And Other Details

SBI Small Savings Account: The maximum balance amount that can be maintained in small account is Rs. 50,000.

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PM Modi Launches Farmer Income Support Scheme: 5 Things To Know

The Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) was announced in the interim Budget 2019-20 on February 1, 2019.

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GoAir Offers Flight Tickets From 1,799 Rupees, Details Here

Under GoAir's offer, the cheapest flight ticket is available on Kannur-Bengaluru route starting at Rs. 1,799 for travel between April 1 and April 15.

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GDP Data, Derivatives Expiry May Trigger Volatility In Equities: Experts

Besides, crucial data points on the country's fiscal deficit, Index of Eight Core Industries and the quarterly GDP growth rate will be keenly watched by the market participants.

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Centre's Merger Plan For General Insurance Firms Hits Roadblock: Report

In 2017-18, the centre had listed National Insurance and General Insurance Company, divesting 11.65 per cent and 12.5 per cent stakes respectively.

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Axis Bank Revises FD Interest Rates; What Other Lenders Offer

In a bank FD account, money is deposited for a stated period of time and a fixed interest rate is paid at the end of that period.

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ATM Charges Levied By SBI, Post Office For Cash Transactions

ATM rules: Customers are charged for transactions at ATMs over and above the permitted number of free transactions.

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IRCTC SBI Platinum Card Offers Discount, Cashback On Ticket Bookings

IRCTC SBI platinum card, also known as SBI railway card, is one-of-its-kind credit card which provides customers with free railway tickets and a host of other benefits too.

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Gold Prices Rise By Rs 90 On Strong Global Cues: 5 Things To Know

Silver rates, also, rose by Rs 140 to Rs 41,500 per kg on increased offtake by industrial units and coin makers.

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Sebi Bars Commodity Trading By Motilal Oswal, IIFL In NSEL Case: Report

SEBI is probing as many as 300 brokers for violation of rules colluding with the National Spot Exchange Ltd (NSEL) to defraud investors.

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Here Are 4 Post Office Saving Schemes That Offer Income Tax Benefits

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

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

Jet Airways is offering up to 50 per cent discount on domestic and international flight tickets in a special promotional sale scheme.

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Jet Airways Gets Shareholders Nod For Conversion Of Loan Into Shares

On February 14, Jet Airways' board approved a Bank-Led Provisional Resolution Plan (BLPRP), whereby lenders would become the largest shareholders in the airline.

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Allahabad Bank Using Capital Infusion To Exit Corrective Action Framework

The net NPA was at Rs 10,865.26 crore in the third quarter, down from Rs 11,082.74 crore by the end of the September quarter.

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Government Bans Unregulated Deposit Schemes

The ordinance will altogether ban unregulated deposit taking schemes, also called Ponzi schemes.

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Rupee Closes Higher At 71.17 Against Dollar, Posts Second Weekly Gain

Foreign portfolio investors pumped in a huge Rs 6,311.01 crore into capital markets on Friday, provisional exchange data showed.

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SBI Tax Savings Scheme: Interest Rate, Lock-In Period, Other Details

The minimum tenure for SBI Tax Savings Scheme, 2006, is five years which can go up to a maximum of 10 years.

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PM-KISAN Scheme: Rs 6,000 Income Support For Farmers, Details Here

Under the Pradhan Mantri Kisan Samman Nidhi scheme, an income support of Rs 6,000 per year (in three equal instalments) will be provided to the families of small and marginal farmers

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Banks In Position To Pass On Benefit Of RBI Rate Cut: Niti Aayog

The government had to struggle through non-performing assets (NPAs) in the banking sector, the vice chairman of Niti Aayog said. The RBI had on February 7 announced a cut of 25 basis points in repo...

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Edelweiss, Kotak Securities, JM Financials Figure In NSEL Scam: Report

The report says that these brokers were allegedly involved in illegal forward contracts at the NSEL in contravention of the Forward Contract Regulations Act 1952 (FCRA).

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Gold Prices Drop By 330 Rupees: 5 Things To Know

Weak trend overseas and easing demand from jewellers at the domestic markets led to the decline in gold prices, traders said.

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Sensex, Nifty End Flat As Banking Stocks Offset Gain In Auto Counters

Domestic equity benchmarks ended little changed as gains in automobile and oil & gas shares were offset by losses in banking and financial stocks.

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GoAir Offers Flight Tickets From 1,899 Rupees

GoAir's sale is valid for travel between March 1, 2019 and November 3, 2019, according to the airline's website.

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How Much Income Tax You Can Save In Assessment Year 2020-21

From the 25 per cent increase in standard deduction threshold to the existing Section 80C deductions, the taxpayer can make use of income tax laws to make most of the income earned in assessment year...

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National Mediclaim Policy: Key Benefits, Features Explained Here

National Insurance Company provides cover against hospitalisation expenses incurred for treatment of illness or a disease.

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Bank FD Interest Rates On Deposits Below Rs 1 Crore

FD interest rates of most banks are higher for senior citizens as compared to those for the general public.

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Rupee Edges Higher Against Dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, traded flat at 96.60.

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Sensex Dips Over 50 Points, Nifty Near 10,760

Weakness in banking and metal stocks dragged the markets lower, however some strength in auto stocks supported the markets.

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Money In Your EPF Account Set To Earn Higher Return: Key Things To Know

Once approved by the Ministry of Finance, the move will lead to a higher return on EPFO contributions for the financial year ending March 31.

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Centre Eyes Higher Oil And Gas Output, Eases Exploration Norms

India imports four out of every five barrels of crude oil it consumes and is likely to shell out more than $100 billion on oil purchases in 2018-19.

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RD Interest Rates: How Returns Offered By SBI, Post Office Compare

From state-run State Bank of India (SBI) to post office- all major financial institutions across the country offer the facility of opening a RD account.

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Government Needs To Spur Growth Amid Low Inflation Outlook: RBI

The MPC meeting was the first for central bank Governor Shaktikanta Das after the abrupt exit by his predecessor, Urjit Patel.

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Gold Prices Jump By 360 Rupees: 5 Things To Know

In Delhi, gold of 99.9 per cent and 99.5 per cent purities advanced by Rs 360 each to Rs 34,830 and Rs 34,680 per 10 grams, respectively.

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Timeline: Jet Airways Recovery Path Remains Shaky

Jet has been steadily losing market share to its rival and low-cost carrier IndiGo, which is owned by InterGlobe Aviation Ltd.

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RCom Looks To Real Estate Assets, Jio Deal To Pay Ericsson Dues: Report

RCom owes a total Rs 571 crore to Ericsson, including a one-time settlement of Rs 550 crore and interest payments of Rs 21 crore.

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Rupee Falls By 13 Paise To Settle At 71.24 Against Dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.13 per cent to 96.57.

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Employees' Provident Fund Interest Rate Hiked To 8.65% For 2018-19: Report

Employees' Provident Fund Organisation has hiked interest rate on employees' provident fund to 8.65 per cent from 8.55 per cent for the fiscal year 2018-19, news agency ANI reported.

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How To Apply For A PAN Card Online

Quoting of PAN is compulsory for filing an income tax return (ITR),a prescribed form through which particulars of income are communicated to the taxman. The payment towards a PAN card application can...

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These Stocks Are Down 10% So Far This Year. Is It A Good Time To Invest?

The S&P BSE Midcap index has dropped 9.36 per cent so far this year, sharply higher than a 0.86 per cent decline in the Sensex.

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Kotak Mahindra Bank Revises Fixed Deposit Interest Rates

Fixed deposit accounts with a lock-in period of five or 10 years are eligible for deduction in income tax under Section 80C of the Income Tax Act.

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Sensex, Nifty Extend Gains To Second Straight Session

Top gainers were Indiabulls Housing Finance, Bajaj Finserv, Tata Motors, Dr Reddy's Laboratories and Vedanta.

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International Lessors Pull Out More Jet Airways Planes: Report

Jet Airways has posted losses for four quarters, battered by high fuel prices and a weak currency.

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State-Run Banking Stocks Jump After Government Announces Fund Infusion

The Reserve Bank of India has put some state-owned lenders with high levels of bad debt and inadequate capital on the PCA list, barring them from issuing fresh big-ticket loans and expanding their...

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Jet Airways Offers Up To 50% Discount On Flight Tickets, Details Here

Jet Airways' offer, which is valid till February 25, 2019, is applicable on base fare in both premiere and economy sections.

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Saridon Exempted From List Of Banned Drugs; Piramal Enterprises Rises

The Supreme Court has ruled in favour of headache drug Saridon, exempting it formulation from the list of banned fixed dose combination drugs.

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SBI Internet Banking: How To Open Account, Reset Username And Password

SBI customers having subscribed to the bank's internet banking facility can carry out their banking activities from their desktop, without physically visiting a bank branch.

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Sensex Jumps Over 150 Points As Markets Shrug Off Early Losses

Domestic stock markets jumped on Thursday after moving in a narrow range in morning. The Sensex rose as much as 153.47 points to hit 35,909.73 by afternoon and the Nifty touched 10,778.55 on the...

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Reliance Capital Offers To Sell 43% Stake To Nippon Life Insurance

Japan's Nippon Life Insurance already holds a 42.88 per cent stake in Reliance Nippon Life Asset Management, the country's first listed mutual fund company.

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Rupee Moves Higher To 71.02 Against Dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.07 per cent to 96.52.

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Opinion: Why The Jet Airways Rescue Plan Is Touch-And-Go

The gamble, which seeks to avoid putting Jet Airways into court-administered bankruptcy, will be put to a shareholder vote on February 21.

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Sensex Rises Over 50 Points, Nifty Above 10,750

Top percentage advancers were Indiabulls Housing Finance, ICICI Bank, GAIL, Sun Pharma and UltraTech Cement.

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Anil Ambani Warned Of Jail Time As India Tackles Bad Debt: Foreign Media

RCom decided to enter bankruptcy proceedings earlier this year after struggling to repay about $6.3 billion in debt.

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RBI Governor To Meet Bank CEOs Tomorrow On Rate Transmission

Earlier this month, the RBI cut the benchmark interest rate by 0.25 per cent to 6.25 per cent.

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All You Need To Know About Atal Pension Scheme

Atal Pension Yojana or APY admits individuals in the age group of 18-40 years to contribute Rs 42-1,454 a month till they attain the age of 60, and ensures a fixed minimum monthly pension of Rs...

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Rupee Closes Higher, Breaks 4-Day Losing Streak

Foreign institutional investors (FIIs) pumped in Rs 713.47 crore on a net basis in capital markets on Wednesday.

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Airbus Says A320neo India Deliveries Back On Track

Last month DGCA forced airlines to make extra checks on their Airbus A320neo aircraft fitted with Pratt & Whitney engines.

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Gold Prices Break 3-Day Rising Streak: 5 Things To Know

In Delhi, gold of 99.9 per cent and 99.5 per cent purity declined by Rs 210 each to Rs 34,470 and Rs 34,320 per 10 grams, respectively.

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Government To Infuse Rs 48,239 Crore Into 12 State-Run Banks

The government in December had infused Rs 28,615 crore into seven public sector banks through recapitalisation bonds.

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Transmission Of Monetary Policy Decisions Important: Shaktikanta Das

The RBI governor said that the central bank has received a lot of comments on external benchmarks and it is currently examining them.

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Sensex Snaps Nine-Day Losing Streak, Nifty Reclaims 10,700

Tata Steel, Vedanta, ONGC, NTPC and Yes Bank were among the top gainers in the Sensex.

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In Talks With Reliance Industries For Possible Investments: Saudi Aramco

Reliance Industries, controlled by Asia's richest man Mukesh Ambani, plans to expand the capacity to 2 million bpd by 2030, according to plans shared with the government.

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FDI Drops Nearly 7% To $33.5 Billion In April-December

Sectors such as services and computer software received the maximum foreign investment during the first nine months of the current financial year.

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GST Council Defers Decision On Real Estate Tax

The GST Council has deferred a decision on tax rates on real estate and lottery till Sunday.

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Petrol, Diesel Prices Steady After Six Days Of Hike

Petrol and diesel prices were kept unchanged on Wednesday. The pause on price changes comes after six consecutive days of hikes in metros including Delhi and Mumbai. Petrol prices have been increased...

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SpiceJet Announces 12 New Domestic Flights, Offers Tickets From Rs 2,499

Earlier this month, SpiceJet said it will launch a daily non-stop flight service between Hyderabad and Saudi Arabia's Jeddah.

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Reliance Group Shares Fall After Anil Ambani Found Guilty Of Contempt

The Supreme Court said that Anil Ambani will go to jail for three months if he doesn't pay Rs 450 crore to Ericsson India within four weeks.

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Why Jet Airways Is Selling A Majority Stake For Rs 1

Jet Airways India is now 24 percent owned by Abu Dhabi's Etihad Airways PJSC and controls 13.9 percent of the country's market.

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Sensex Jumps Over 250 Points, Nifty Crosses 10,680

Top gainers on the Nifty were Indiabulls Housing Finance, Bharat Petroleum, GAIL, Yes Bank and ONGC.

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Here's How Much Indian Railways Charges For Cancellation Of Tickets

If a confirmed ticket is cancelled more than 48 hours before the scheduled departure of the train, the passenger is required pay certain charges.

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Centre Hikes Dearness Allowance For Government Employees

This increase is in accordance with the accepted formula, which is based on the recommendations of the Seventh Central Pay Commission.

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SpiceJet To Commence 12 New Domestic Flights

SpiceJet's new services include daily direct flights on the Bhopal-Surat-Bhopal, Gorakhpur-Mumbai-Gorakhpur and Jaipur-Dharamshala-Jaipur sectors.

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Flipkart Co-Founder Sachin Bansal Invests Rs 650 Crore In Ola

Sachin Bansal left Flipkart last year after US retail giant Walmart picked up a 77 per cent stake in the Indian e-retailer for $16 billion.

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Gold Prices Jump By 680 Rupees In Three Sessions: 10 Things To Know

In Delhi, gold of 99.9 per cent and 99.5 per cent purities jumped by Rs 230 each to Rs 34,680 and Rs 34,530 per 10 grams, respectively.

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10 Things To Know About SBI's Zero Balance Savings Account

State Bank of India (SBI) offers the option of opening zero balance saving accounts where monthly average balance (MAB) rule is not applicable. Monthly Average Balance (MAB) is the sum of all the end...

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Foreign Flows Into Emerging Asian Bonds Turn Negative In January

Most Asian central banks raised their policy rates last year in an effort to defend their currencies and curb capital outflows as the USFederal Reserve hiked interest rates four times.

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Late Selling Pressure Drags Sensex To Ninth Session Of Losses

The S&P BSE Sensex clocked ninth session of losses and Nifty 50 Index fell for eighth day in a row.

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Government To Sell Three SAIL Plants: Report

The disinvestment of these units will be to strategic buyers to be identified through a two-stage auction process.

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Why You Need A PAN Card: 10 Things To Know

PAN or Permanent Account Number is a ten-digit alphanumeric number issued by the Income Tax Department to an assessee. PAN enables the taxman to link transactions of the person. These include tax...

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GoAir Offers Domestic Flight Tickets From 1,499 Rupees, Details Here

Under GoAir's offer, the cheapest flight ticket is available on Bengaluru-Kannur route starting at Rs. 1,499 for travel between March 4 and March 31.

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Post Office Small Savings Schemes Interest Rates Compared

A post office account under any of the smallsavings schemes except recurring deposit can be opened with a minimum investment of Rs 20-1,500, according to India Post.

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FD Rates Offered By Commercial Banks, Small Finance Banks, Post Office

Fixed Deposit (FD) interest rates: The annual returns on fixed deposit investments are fixed even amid market fluctuations and geopolitical uncertainties.

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Government Eases Angel Tax Norms, Widens Definition Of Start-Up

The exemption will apply to all start-ups with total investment not exceeding Rs 25 crore, Union Minister Suresh Prabhu said.

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Currency, Debt Markets Shut Today For Holiday

On Monday, the rupee had weakened by 11 paise to end 71.34 against the dollar amid firming crude oil prices and persistent foreign fund outflows.

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Sensex Rises Over 100 Points, Nifty Above 10,650

Top gainers on the Nifty at the time were Mahindra & Mahindra, Bajaj Finserv, Titan, Bharti Airtel and Bharti Infratel.

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Recurring Deposit Interest Rates Paid By Key Banks Compared

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

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SBI Offers Accounts For Minors: Interest Rate, Benefits And Other Details

SBI's Pehla Kadam and Pehli Udaan accounts can be operated with zero balance, according to the bank.

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Ambuja Cements Posts Rs 537 Crore Profit In December Quarter

Analysts on average had expected the company to post a profit of Rs 295 crore, according to Refinitiv Eikon data.

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PM Modi Gets Rs 28,000 Crore Cash From Central Bank Before Polls

This is the second straight year that the RBI has announced an advance payment to Prime Minister Narendra Modi's government.

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RBI To Pay Rs 28,000 Crore Interim Dividend To Government

This is the second successive year that the Reserve Bank will be transferring an interim surplus.

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Rupee Ends Lower For Fourth Straight Day On Rising Crude

At the Interbank Foreign Exchange (forex) market, the domestic unit opened weak at 71.35 and declined further to 71.52.

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Indian Oil Signs First Annual Deal For Oil With US

IOC is the first Indian state refiner to buy US oil under an annual contract, in a deal that will also help boost trade between New Delhi and Washington.

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Pension Scheme For Unorganised Workers: Contribution And Other Details

Each subscriber under the scheme, shall receive minimum assured pension of Rs 3,000 per month after attaining the age of 60 years.

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RCom Shares Rise As Company Reaches Agreement With Lenders

Reliance group companies on Sunday said it reached an in-principle "standstill understanding" with more than 90 per cent of its lenders.

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Sensex Closes Lower For Eighth Day In A Row, Nifty Gives Up 10,650

Sensex fell for eighth session in a row while NSE Nifty logged in seventh session of losses led by declines in blue-chip stocks like RIL and TCS

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PNB On Road For Annual Profit In Next Financial Year: Analysts

State-run PNB has already surprised markets with an earlier-than-expected profit for the quarter ended December 31

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RBI To Consider Rs 28,000 Crore Dividend To Government: Report

The government has, in all, budgeted Rs 74,140 crore in dividends from the RBI and the state-run lenders in the year ending March 31 and has penciled in Rs 82,910 crore for the next year.

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Dewan Housing Yet To Decide On Stake Sale

Earlier this month, the home loan provider said it was keen to sell assets and some of its businesses to improve liquidity.

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Rupee Slides To 71.46 Against Dollar

Rising crude oil prices and strengthening of the dollar overseas affected the rupee, say analysts.

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Power Finance Not To Extend Open Offer To REC's Minority Holders

Power Finance Corp Ltd said on Monday the company was not considering extending the open offer to the minority stakeholders for its deal with REC Ltd.

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RBI Governor Shaktikanta Das To Meet Bank Heads On February 21

Earlier this month, the Reserve Bank cut the benchmark interest rate by 0.25 per cent to 6.25 per cent.

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Now Malvinder Singh Files Criminal Complaint Against Brother Shivinder

The siblings have lost much of their corporate empire to debt, and are still being chased by creditors.

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Sensex, Nifty Extend Decline Paced By Losses In Asian Paints, Yes Bank

Seventeen of 19 sector gauges compiled by BSE were trading lower dragged by the S&P BSE Consumer Durables Index's 1.3 per cent decline.

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Yes Bank Falls As RBI Censures Selective Disclosure

Yes Bank's announcement last week that RBI's audit didn't find any divergence in soured debt came as a relief for investors after the lender revised bad-loan figures for the fiscal year 2017 marking...

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Sensex Falls Over 150 Points, Nifty Slides Below 10,700

Top laggards on the Nifty wereYes Bank, Coal India, Bajaj Auto, TCS and HCL Tech.

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Petrol Price Near 71 Rupees Per Litre In Delhi: Find Latest Rates Here

Petrol price stood at Rs 70.91 per litre in Delhi on Monday, while diesel rate was at Rs 66.11 per litre. The price of petrol in the national capital was less than 10 paise from Rs 71 per litre, a...

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Fixed Deposit Interest Rates Offered By Small Finance Banks

Small finance banks focus on financial inclusion by provision of savings vehicles and supply of credit to small business units

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Reliance Group Reaches Agreement With Lenders

The Anil Ambani Group will pay the principal and interest to the lenders as per the scheduled due dates specified in the loan agreements, it said.

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Registrations Begin For Informal Workers Under New Pension Scheme

The scheme was announced in the Interim Budget and is targeted at unorganised sector workers with monthly income of up to Rs 15,000.

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Finance Ministry To Discuss Dividend, Small Businesses Loan Issue With RBI

Last month, RBI Governor Shaktikanta Das had said the central bank was yet to take a decision on dividend.

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Charges Levied By Key Banks For Immediate Payment Service (IMPS)

One can transfer money through IMPS at any time or day, irrespective of holidays, under certain conditions.

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Post Office Offers Sukanya Samriddhi Account: Key Things To Know

The Sukanya Samriddhi scheme, launched in January 2015, fetches an interest rate of 8.5 per cent per annum

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RBI May Impose Penalty On Yes Bank: Report

Yes Bank's stock had soared 31 per cent on February 14 after the bank disclosed the RBI's observation in clearing it of divergence in NPA reporting.

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India-Pakistan Tensions, Global Cues To Impact Equity Indices: Experts

Last week, both the key equity indices declined sharply on the back of foreign fund outflows and rise in crude oil prices.

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Vande Bharat Express Begins First Commercial Run

The train manufactured by the Chennai-based Integral Coach Factory (ICF) broke down on Saturday morning at the Chamraula station in Uttar Pradesh

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Minimum Balance Rules Of State Bank of India (SBI), HDFC Bank

State-run SBI to private sector lender HDFC Bank- both have fixed a certain monthly average balance requirement, according to the location of a customer's account.

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General Provident Fund (GPF): Interest Rate, Withdrawal Rules

General Provident Fund (GPF) is a provident fund (PF) account available only for government employees. In a provident fund account, the customer invests a part of his/her salary for a certain period...

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SBI Fixed Deposit (FD) Variant That Pays Interest At Maturity Only

The minimum instalment that one is required to deposit in SBI reinvestment plan, which is a variant of fixed deposit (FD) is Rs 1,000.

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Post Office Saving Scheme: All You Need To Know About KVP Account

Post office KVP certificates can be purchased by an adult for self or on behalf of a minor by an adult, or by two adult.

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Cognizant Agrees To Pay $25 Million To Settle Bribery Charges: Report

Cognizant has agreed to pay the amount to settle charges that it violated the Foreign Corrupt Practices Act, Security and Exchange Commission said.

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Looking To Invest In Fixed Deposits? Check Out FD Rates Of Top Lenders

FD interest rates of most banks are higher for senior citizens as compared to those for the general public.

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LIC May Infuse Up To Rs 12,000 Crore In IDBI Bank

Gross bad loans as a percentage of total loans stood at 24.72 per cent at end-December compared with 24.98 per cent in the previous quarter.

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India's Forex Reserves Decline By $2.12 Billion

The RBI's weekly data showed that the value of the country's gold reserves was stagnant at $22.69 billion.

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Rupee Closes Lower At 71.23 Against Dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.11 per cent to 97.08.

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Trade Deficit Widens To $14.73 Billion In January

The gold imports in January rose 38.16 per cent year-on-year to $2.31 billion.

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Want To Check Employee Provident Fund Balance Online: Here Are 3 Steps

An employee contributes 12 per cent of his salary towards the EPF, while an employer pays another 12 per cent.

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Gold Prices Surge By 310 Rupees: 5 Things To Know

Sovereign gold continued to rule flat at Rs 26,000 per piece of 8 gram.

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Oil Imports From Iran Plunged 45% In January: Report

January imports from Iran were 10.4 per cent lower than December, the tanker arrival data showed.

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All You Need To Know About SBI's Multi-Option Deposit Scheme

For SBI's multi option deposit scheme, the minimum tenure is one year and the maximum tenure is five years.

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How Your Investment In National Pension System (NPS) Works

NPS (National Pension System) gives the investor flexibility in terms of timing of contribution, choice of pension fund, and choice of allocation, according to NSDL.

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Sensex Clocks Longest Losing Streak In A Year

JSW Steel, Dr Reddy's Labs, Sun Pharma, Hero MotoCorp and Tata Steel were among the top Nifty losers.

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Train 18 Flagged Off Today: Ticket Prices, Route, Other Details Here

The commercial run of Vande Bharat Express, the bookings for which have already begun, will start from February 17.

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Private Equity Firms Eye Bonanza In Residential Real Estate Space: Report

The government announced a total tax rebate for individuals with annual income of up to 5 lakh rupees, and offered some tax incentives that would benefit both property developers and potential...

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How Paytm's Vijay Shekhar Sharma Plans To Milk Amazon's India Distress

The founder of Paytm Mall operator Paytm E-commerce Pvt, an affiliate of India's largest digital payments provider, spoke in an interview this week about how his business stands to gain.

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Rupee Moves Lower To 71.33 Against Dollar

At the forex market, the rupee opened weak at 71.22 and slipped further to quote 17 paise down at 71.33 against the dollar.

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Crude Oil Rates Hit 2019 Highs Amid Supply Cuts

The international benchmark for oil prices is at a near three-month high and set for a 4.5 per cent gain for the week. OPEC and some non-affiliated suppliers including Russia are withholding supply in...

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Sensex Falls Over 90 Points, Nifty Struggles Above 10,700

Top laggards on the Nifty were Sun Pharma, JSW Steel, Zee, Hero MotoCorp and Tata Motors.

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Government Hikes Minimum Selling Price Of Sugar

The centre has hiked the minimum selling price (MSP) of sugar by Rs 2 per kg to Rs 31, Food Minister Ram Vilas Paswan said.

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Nestle India Posts Rs 342 Crore Profit In December Quarter

Profit came in at Rs 342 crore ($48.11 million) in the three months ended December 31, compared with Rs 312 crore a year earlier.

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Rupee Closes Lower At 71.16 Against Dollar

Heavy dollar demand from banks and importers and strengthening of the greenback against major currencies overseas weighed on rupee, said forex traders.

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Here's What Key Banks Offer On Fixed Deposit Interest Rates

Fixed deposit accounts with a lock-in period of five or 10 years are eligible for deduction in income tax under Section 80C of the Income Tax Act.

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Samsung Expects $4 billion In Indian Sales Of New Smartphone Range

The phones, targeted at millennials, will be priced between Rs 10,000 to Rs 50,000 rupees.

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Government Considering GST Relief For Real Estate Sector: Piyush Goyal

Under-construction houses currently attract 12 per cent GST and 6 per cent stamp duty and registration.

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ONGC Posts Rs 8,263 Crore Profit In December Quarter, Beats Street Estimates

Analysts on average had expected a profit of Rs 7,371 crore rupees, according to Refinitiv data.

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Jet Airways Board Approves Lenders' Rescue Package

The airline reported its fourth consecutive quarterly loss on Thursday

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Post Office PPF Account: Interest Rate, Tax Benefits, Key Features

Post office Public Provident Fund (PPF) account can be opened by any individual with cash or cheque.

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Bharat 22 ETF Follow-On Offer Closes Today, Details Here

S&P BSE Bharat 22 Index is designed to measure the performance of select companies disinvested by the central government.

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

In Delhi, gold of 99.9 per cent and 99.5 per cent purities drifted lower by Rs 50 each to Rs 34,000 and Rs 33,850 per 10 grams, respectively.

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Deadline On Steel Import Rules For Automakers Could Be Extended: Report

Compliance to the new rules had been set for February 17, which was an extension of two months, but strict adherence to the regulations would have stalled production for India's auto industry, a...

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Ashok Leyland Posts Rs 381 Crore Profit In December Quarter

Analysts on average had expected the company to post a profit of Rs 276 crore, according to Refinitiv data.

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Sensex Falls For Sixth Day, Its Longest Losing Streak In Over A Year

HDFC Bank, Reliance Industries, Infosys and HDFC were among the biggest drags on the Sensex.

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Zero Balance Account: Facilities Offered By SBI, India Post Payments Bank

From state-run State Bank of India (SBI) to India Post Payments Bank (IPPB) - both offer the option of opening a zero balance savings account.

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IndiGo Extends Sale, Offers Flight Tickets From 899 Rupees

However, to avail IndiGo's the discount offer, one has to book tickets at least 15 days prior to the date of departure.

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Jet Airways Poised To Get Rs 600-Crore Emergency Loan

Etihad, Naresh Goyal and SBI have been holding talks for weeks over a rescue deal for the carrier that hasn't seen a profit for nine of the past 11 years in the face of cutthroat competition.

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Sensex, Nifty Decline As Oil & Gas, Telecom Shares Fall

Twelve of 19 sector gauges compiled by BSE were trading higher led by the S&P BSE Oil & Gas Index's 2.32 per cent decline.

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Wholesale Inflation Eases To 10-Month Low

Annual wholesale price inflation last month was lower than a provisional 3.80 per cent rise in December, and below a 3.65 per cent increase forecast by economists in a poll by news agency Reuters.

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Rupee Moves Lower To 70.94 Against Dollar

The rupee opened weak at 70.91 and fell further to 71.05, but recovered partially to trade at 70.94, still down by 14 paise against the dollar.

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Yes Bank Shares Surge 30% After RBI Clears Lender Of Divergence Charges

The central bank did not find any divergences in the asset classification and provisioning by Yes Bank for the fiscal year ending 2018, the bank said in a statement on Wednesday.

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Dewan Housing Finance CEO Resigns, Shares Fall

Dewan Housing Finance shares opened lower at Rs 104.00 apiece on the National Stock Exchange (NSE) and slumped to an intraday low of Rs 103.95 in early trade, from their previous close of Rs 111.20.

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Sensex Falls Over 100 Points, Nifty Struggles Near 10,750

Top laggards on the 50-scrip benchmark index at the time wereBharti Airtel, Bharti Infratel, Kotak Bank, Bharat Petroleum, Coal India and NTPC.

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GST Council Likely To Meet Next Week To Discuss Cement Rate Cut

A rate cut in cement to 18 per centwhich is long pending will lead to a loss of Rs 13,000 crore annually

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ATM Charges Levied By Key Lenders For Transactions And Other Services

Lenders such as SBI, HDFC Bank and ICICI Bank offer a fixed number of ATM transactions free of cost every month.

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Oil Rises After Saudi Arabia's Output Pledge

The Organization of the Petroleum Exporting Countries said on Tuesday that it had cut its output by almost 800,000 bpd in January to 30.81 million bpd

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Tata Trusts Managing Trustee R Venkataramanan Resigns

R Venkataramanan was subject of investigation by the CBI last year for allegedly trying to manipulate government policies through corrupt means to get an international licence for AirAsia India.

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Sachin Mehra To Succeed Mastercard CFO After Retirement

Sachin Mehra will take over Ms Martina Hund-Mejean's position as CFO on April 1, and will report to Ajay Banga, the company's chief executive officer.

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Top Broker Sees Profit Growth Revival on Policy Changes

Most of the Nifty companies that have reported earnings so far for the three months through December have either exceeded or matched estimates, data compiled by Bloomberg show.

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Rupee Snaps 6-Day Rally, Settles 10 Paise Lower Versus Dollar

Forex traders said dollar buying by oil importers and strengthening of the greenback against major currencies overseas weighed on the domestic unit.

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SBI Interest Rates: Returns On Deposits In Different Accounts Compared

Interest rates on SBI deposit schemes such as FD vary, depending on factors such as maturity period and amount of deposit.

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Court Overturns 2017 Arbitration Award To HPCL For $113 Million

The Bombay High Court has set aside an arbitration award of more than Rs 800 crore owed to Hindustan Petroleum Corp by Malaysia's M3nergy.

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Petrol Price Up Rs 1.5/Litre So Far This Year, Diesel Nearly Rs 3/Litre

Fuel prices remained unchanged across metros for a second consecutive day. While the petrol price in Delhi stood at Rs 70.33 per litre on Wednesday, the diesel price was at Rs 65.62 per litre,...

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Post Office RD Account: Interest Rate, Maturity Period, Key Features

Recurring deposit (RD) allows customers to save a fixed sum every month and earn an interest income on the same.

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Gold Prices Edge Lower: 5 Things To Know

In Delhi, gold of 99.9 per cent and 99.5 per cent purities shed Rs 30 each to Rs 34,050 and Rs 33,900 per 10 grams, respectively.

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Sensex Falls For Fifth Straight Day, Nifty Ends Below 10,800

Benchmarks fell led by declines in blue-chip stocks like Reliance Industries, State Bank of India, ICICI Bank and Larsen & Toubro.

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SpiceJet, Vistara, IndiGo Offer Discount On Flight Tickets, Details Here

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

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Parliament Passes Interim Budget 2019-20

Interim Budget gave Income Tax rebate to those earning up to Rs 5 lakh, an annual cash dole of Rs 6,000 to small farmers and pension for unorganised sector workers.

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Rupee Moves Higher Against Dollar: 10 Things To Know

The rupee strengthened by 26 paise to 70.44 against the dollar in opening trade on Wednesday after retail inflation fell to a 19-month low of 2.05 per cent in January, reported Press Trust of India...

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Coal India's Net Profit Rises 50% In December Quarter; Shares Fluctuate

Coal India's net profit in October-December quarter rose 50 per cent to Rs 4,565.74 crore.

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Want To Open A Bank FD? Compare Interest Rates Paid By Key Lenders

Bank FD accounts with a lock-in period of five or 10 years are eligible for deduction in income tax under Section 80C of the Income Tax Act.

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Sun Pharma Shares Jump After Earnings Announcement

Sun Pharma said it had incurred a one-time tax expense of Rs 513 crore - related to changes in US tax rates - in the year-ago period.

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Sensex Rises Over 200 Points, Nifty Above 10,850

Top gainers on the 50-scrip index were Sun Pharma, Indiabulls Housing Finance, ITC and PowerGrid.

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How Much You Pay For LPG Cylinder This Month

LPG prices have been reduced with effect from this month. While the prices of subsidised LPG cylinders in Delhi, Mumbai, Kolkata and Chennai stand cut by 0.3 per cent, non-subsidised priced are around...

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Railways Slashes Proposed Fares Of Train 18 Tickets

The semi-high speed train is scheduled to be flagged off by Prime Minister Narendra Modi on February 15.

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Coal India Posts Rs 4,567 Crore Profit In December Quarter

The figure beat analysts' average estimate of Rs 4,069 crore in profit, according to Refinitiv Eikon data.

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Government Introduces IFSC Bill In Rajya Sabha

Regulatory bodies would have one nominee as its member, while the finance ministry will have rights to nominate two officials in the authority.

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

According to news agency Reuters , gold prices on the Multi Commodity Exchange of the country have jumped more than 11 per cent in the past six months.

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How Latest Changes In Rules May Impact Your Cable TV Bill

As per the new regulations, consumers will have to pay a fixed fee of Rs 130 for 100 free-to-air channels.

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Industrial Output Growth At 2.4% In December

December's growth was much faster than a downwardly revised 0.3 per cent year-on-year increase in November, the data showed.

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Retail Inflation At 2.05% In January, Here's What Experts Say

Analysts polled by Reuters had forecast January's annual increase in the consumer price index at 2.48 per cent.

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Rupee Closes At 1-Month High, Rises 48 Paise Against Dollar

Registering sixth straight session of gain, rupee strengthened by 48 paise to close at one-month high of 70.70 against the dollar on Tuesday, reported Press Trust of India (PTI). In the six trading...

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RBI Could Cut Rates Again As Inflation Falls To 19-Month Low

Annual retail inflation in January rose 2.05 per cent, its slowest pace since June 2017, government data showed on Tuesday.

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Consumer Inflation Eases To 2.05% In January

Consumer inflation stood at a final 2.11 per cent in December, the official statement noted.

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

In Delhi, gold of 99.9 per cent and 99.5 per cent purities declined by Rs 145 each to Rs 34,080 and Rs 33,930 per 10 gram, respectively.

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Sun Pharma Reports Nearly Four-Fold Jump In December Quarter Profit

Sun Pharmaceutical Industries' total revenue from operations grew 16.3 per cent to Rs 7740 crore.

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Aviation Sector Seen Cutting Losses On Rising Ticket Prices

Budget carriers, which include IndiGo, SpiceJet, AirAsia India and GoAir are expected to post a combined profit of $100 million to $150 million in the 2020 year

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SpiceJet Extends Sale Offer Till February 14: 5 Things To Know

SpiceJet is offering domestic and international flight tickets starting from an all-inclusive Rs. 899 and Rs. 3,699, respectively.

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Sensex Falls For Fourth Straight Day, Nifty Settles Below 10,850

Eight of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty PSU Bank Index's 1.61 per cent decline.

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Vistara Offers Flight Tickets From 899 Rupees

Vistara's sale is only applicable for bookings made 15 days in advance for economy class and premium economy.

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Supreme Court Adjourns Hearing Of Contempt Notice To Anil Ambani

The bench said it will continue hearing the contempt plea on Wednesday due to paucity of time and assembling of a special bench in post lunch session.

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Hindalco Posts Rs 247 Crore Quarterly Profit, Lags Analysts' Estimates

Standalone net profit after tax was Rs 247 crore ($34.87 million) in the quarter ended December 31, compared with Rs 377 crore a year ago

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Hindalco Posts Rs 247 Crore Quarterly Profit, Lags Analysts' Estimates

Standalone net profit after tax was Rs 247 crore ($34.87 million) in the quarter ended December 31, compared with Rs 377 crore a year ago

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Hindalco Posts Rs 247 Crore Quarterly Profit, Lags Analysts' Estimates

Standalone net profit after tax was Rs 247 crore ($34.87 million) in the quarter ended December 31, compared with Rs 377 crore a year ago

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Reliance Jio Offers 5 Prepaid Recharge Packs For JioPhone, Details Here

Reliance Jio recently introduced two new prepaid recharge packs for users of its JioPhone devices. The JioPhone monthly packs of Rs 49, Rs 99 and Rs 153 come with a validity period of 28 days each,...

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All You Need To Know About Income Tax Benefit Under Section 80C

Income tax assessees can reduce their taxable income by Rs 1.5 lakh a year under Section 80 of the Income Tax Act.

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Food Delivery Firm Swiggy To Supply Home Essentials

Swiggy has tied up with stores to deliver fruits and vegetables, baby care items and health products, it said in a statement.

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How To Invest In Post Office MIS Account? Interest Rate, Other Features

The interest on post office monthly income scheme (MIS) account is payable monthly, according to the official website of India Post.

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

Petrol, diesel prices today: The fuel rates vary from city to city and from pump to pump depending on local taxes and transportation cost.

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Reliance General Insurance Files For Initial Public Offering

The IPO will also include an offer by Reliance Capital to sell up to 7.95 crore shares, Reliance Capital said.

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Sensex Rises 70 Points, Nifty Moves Above 10,900

Top gainers on the 50-scrip index were Power Grid, NTPC, Dr Reddy's and Sun Pharma.

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"Banks Part Of Cartel?": Top Court As Amrapali Hotel Unsold In Auction

A five-star hotel "Amrapali Holiday Inn Tech Park" constructed in Greater Noida and prime land in Vrindavan in Uttar Pradesh were put up for auction.

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Fares Of Train 18 Announced: Here's All You Need To Know

The semi-high speed train is scheduled to be flagged off by Prime Minister Narendra Modi on February 15.

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Standards Watchdog To Soon Formulate Measures For Service Industry

Services with a mass user base such as construction, education and healthcare currently do not adhere to any standards by the BIS.

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Government Plans Axis Bank Stake Sale To Raise Up To Rs 5,316 Crore

The government holds a 9.56% stake in the private sector lender through state-owned Specified Undertaking of the Unit Trust Of India

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Centre Hopes All Banks To Be Out Of RBI's Corrective Action Norms By June

The government took three banks - Bank of India, Bank of Maharashtra and Oriental Bank of Commerce - out of the PCA list last month.

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Oil Prices Slip, Slow Progress In Trade Talks Counters OPEC Cuts

Benchmark Brent oil fell 16 cents or 0.26 per cent to $61.94 a barrel at 12:20 GMT.

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Gold Slips As US-China Trade Row Supports Dollar

Spot gold was down 0.6 per cent at $1,306.71 per ounce at 12:22 GMT, after having risen for the previous two sessions.

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Rupee Closes Higher For Fifth Straight Day Against Dollar

Forex traders attributed the US dollar movement to renewed concerns over ongoing US-China trade talks and global economic recovery.

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Thyssenkrupp, Tata Steel Set To Get EU Warning On Steel JV: Report

The European Commission is expected to send a charge sheet known as a statement of objections to the companies.

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MTNL Seeks Rs 500 Crore From Telecom Department To Pay January Salary

A senior DoT official said the department was examining the MTNL invoices and would release some cash towards the salary payment

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SpiceJet Sees Improving Outlook Despite Profit Plunge

The airline's standalone net profit fell to Rs 55.07 crore for the last three months of 2018.

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Here's How Much Train 18's Delhi-Varanasi Ticket Will Cost

The semi-high speed train is scheduled to be flagged off by Prime Minister Narendra Modi on February 15.

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Sensex Falls For Third Straight Day On Global Growth Concerns

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

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Gold Prices Fall On Weak Global Cues: 5 Things To Know

In Delhi, gold of 99.9 per cent and 99.5 per cent purity moved down by Rs 55 each to Rs 34,225 and Rs 34,075 per ten gram, respectively.

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How To Apply For A PAN card

Quoting of PAN is compulsory for filing an income tax return (ITR),a prescribed form through which particulars of income are communicated to the taxman. The payment towards a PAN card application can...

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IndiGo Offers Flight Tickets From 899 Rupees, Details Here

The airline is also offering an additional 20 per cent cashback if you pay with American Express, RBL Bank or digibank (DBS) cards.

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How Your Tax Liability Will Change In Assessment Year 2020-21

Not to be confused with income tax exemption, this rebate is applicable only if taxable income (after available income tax deductions) stands below Rs 5 lakh in a year. The government chose to...

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Tata Motors Falls For Second Day On Jaguar Land Rover Concerns

Tata Motors shares fell for second day in a row after the company post market hours on Thursday reported its biggest ever quarterly loss.

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Sensex Falls Over 180 Points, Nifty Slips Below 10,900

Domestic stock markets started the week on a lackluster note tracking weakness in Asian peers amid trade war concerns. The Sensex declined as much as 187 points to hit 36,358 in early trade while the...

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

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

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Centre Asks Firms To Boost Shale Oil And Gas Discovery Efforts: Report

In late 2013, the government gave rights to Oil and Natural Gas Corp to explore for shale oil and gas reserves.

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

Gold will be accepted in the form of raw gold such as gold bars, coins, jewellery excluding stones and other metals, it further said.

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Piyush Goyal Favours Printing Currency To Finance Deficit

The fiscal deficit estimate for the current year has been revised upwards to 3.4 per cent of the gross domestic product (GDP).

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Brexit May Bring Long-Term Gains For India, Say Experts

Last year the Bank of England had warned that a no-deal Brexit could send the pound plunging and trigger a worse recession than the financial crisis.

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Minimum Balance Rules Of Key Lenders Explained Here

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

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Economic Data, Corporate Earnings To Drive Equity Indices: Experts

Last week, both the key equity indices rose on the back of Reserve Bank of India's rate cut along with healthy foreign fund inflows.

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SpiceJet Extends Sale, Offers Flight Tickets From 899 Rupees

SpiceJet is also offering an additional 10 per cent off on flight tickets and free priority check-in on booking through SBI credit card.

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Centre Launches Third Round Of Oil And Gas Blocks For Exploration

Twenty three blocks covering an area of 32,000 square kilometers were offered for bidding, out of which 5 are for extraction of coal bed methane.

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

IndiGo and SpiceJet are offering domestic flight tickets at a starting all-inclusive price of Rs 899 in a special promotional sale offer.

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Reliance Group Firms Say Will Take Legal Steps To Protect Stakeholders

The group companies which have decided to take independent legal recourse include Reliance Infrastructure, Reliance Capital and Reliance Power.

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IRCTC Ticket Concession Rules For Senior Citizens: All You Need To Know

Concessions in fares are available for male senior citizens of minimum 60 years and female senior citizen of minimum 58 years, noted IRCTC.

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Zero Balance Saving Accounts You Can Operate At India Post Payments Bank

A regular savings account in IPPB can be opened by either visiting an access point of the payments bank or by applying for the doorstep service.

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Bank Fixed Deposit (FD): Interest Rate, Lock-In Period, Other Details

Before creating an FD, one can always check the amount of interest that will accrue on theFD investment. Most banks offer this facility on their websites.

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UCO Bank Reports Rs 998 Crore Loss In December Quarter

The government during the third quarter of the current fiscal had infused Rs 3,076 crore in the bank that improved the capital adequacy ratio to 9.33 per cent in December 2018.

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RBI Penalises Allahabad Bank, Corporation Bank

In a regulatory filing to the BSE on Friday, the Allahabad Bank said that the RBI has imposed a penalty of Rs 1.5 crore.

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Forex Reserves Cross $400 Billion Mark

On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $1.28 billion to $373.43 billion during the week ended February 1.

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SBI Reduces Interest Rates On All Home Loans Up To 30 Lakh Rupees

In a surprise move on Thursday, the RBI not only lowered its key lending rate by 25 basis points (bps) to 6.25 per cent but also turned accommodative.

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Rupee Rises By 14 Paise To Settle At 71.31 Against Dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.7 per cent to 95.57.

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BPCL Quarterly Profit Dives 77% But Tops Estimates

Profit came in at Rs 495 crore in the three months ended December 31, compared with Rs 2,144 crore a year earlier, the state-run company said.

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US Considers Withdrawal Of Zero Tariffs For India: Report

Trigger for latest downturn in trade ties was India's new rules on e-commerce that restrict the way Amazon and Walmart-backed Flipkart do business.

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Consumers Cash In Old Jewellery As Gold Prices Rally: Report

Falling demand for new gold causedimports in 2018 to drop 14 per cent from the year before to 756.8 tonnes, the World Gold Council said in an estimate released last week.

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Tata Steel Third-Quarter Standalone Profit Soars

According to I/B/E/S data from Refinitiv, analysts on average had expected a profit of Rs 2,540 crore.

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Gold Prices Edge Lower On Weak Demand: 5 Things To Know

Globally, gold traded higher at $1,309.24 an ounce, while silver held steady at $15.63 an ounce in New York.

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Bharti Airtel Unit To Merge With Telkom Kenya: Report

Last month, three industry sources had told that Bharti Airtel was in talks to buy Telkom Kenya, to create a stronger challenger to market leader Safaricom.

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Sensex, Nifty Clock Worst Day In Seven Weeks Dragged By Tata Motors

Seventeen of 19 sector gauges compiled by BSE ended lower led by the S&P BSE Metal and S&P BSE Auto indices' over 3 per cent decline.

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Banks Unlikely To Match RBI's Rate Cut Any Time Soon: Report

Banks price their benchmark loan rates, known as the marginal cost of funds based lending rate (MCLR), mainly based on the cost of deposits.

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Disclosure Norms On Stock Investment Changed For Government Employees

The government said it has decided that all of its employees need to send an intimation if total transactions in shares, securities, debentures, mutual funds schemes and the likes exceed six months'...

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Reliance Group Says L&T Finance, Edelweiss Group Caused Share Drop

L&T Finance Holdings Ltd and certain entities of Edelweiss Group were responsible for their shares plunging near 55 per cent over the last few days.

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Mahindra & Mahindra Quarterly Profit Falls 11% On Lean Demand

Analysts on average expected the company to log in a profit of Rs 1,004 crore, according to Refinitiv data.

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RBI Expected To Cut Rates Again Next Quarter: Poll

A Reuters snap poll taken immediately after Thursday's policy review - where the RBI unexpectedly reduced interest rates by 25 basis points - showed the central bank will make the same move next...

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SCSS Vs PPF Scheme: Interest Rates, Other Features Compared

India Post, the postal network of the country, offers several savings schemes to mobilize small investments.

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Tata Motors Slumps On Posting Biggest Quarterly Loss Ever

Tata Motors reported its biggest ever quarterly loss of Rs 26,993 crore compared with a profit of Rs 1,199 crore.

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Rupee Rises By 13 Paise To 71.32 Against Dollar: 10 Things To Know

The rupee on Friday strengthened by 13 paise to 71.32 against the dollar in early trade after the Reserve Bank of India (RBI) surprisingly cut the repo rate and changed its policy stance to 'neutral'....

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Sensex Falls Over 200 Points, Nifty Near 11,000; Tata Motors Plunges

Other than Tata Motors, which plunged a day after the carmaker reported its largest quarterly loss, top laggards on the 50-scrip index were Zee, Vedanta, Eicher Motors, Tata Steel and Bharti Airtel.

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Consumer Inflation Seen Speeding Up In January But Still Below Target

On Thursday, the Reserve Bank of India caught financial markets off guard by reducing its key policy rate by 25 basis points to boost growth and as inflation has remained benign.

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Jet Airways Says 4 Aircraft Grounded Due To Non-Payment Of Dues

Saddled with debt of about $1.14 billion, Jet Airways has been hit by price competition, rupee depreciation and high oil costs.

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

Fixed deposit accounts with a lock-in period of five or 10 years are eligible for deduction in income tax under Section 80C of the Income Tax Act.

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SAIL Posts Rs 616 Crore Quarterly Profit, Beats Analysts' Estimates

Net profit came in at Rs 616 crore for the three months ended December 31, compared with a profit of Rs 43.16 crore in the previous year.

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Tata Motors Cuts Profit Margin Outlook Over JLR's Brexit, China woes

Tata Motors expects the EBIT (earnings before interest and tax) margin for the fiscal year 2018-19 ending March 31 to be "marginally negative".

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Rupee Closes At 71.45 Against Dollar

Forex traders said the domestic currency gained strength after the Reserve Bank of India Thursday cut benchmark lending rate by 0.25 percentage point to 6.25 per cent.

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GoAir Offers Flight Tickets From 1,418 Rupees

The booking period of GoAir's flight ticket offer ends on February 9, 2018, said the airline on its official website- goair.in.

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Reserve Bank's New Chief Delivers Surprise Rate Cut

The repurchase rate was reduced by 25 basis points to 6.25 per cent, a decision predicted by just 11 of 43 economists surveyed by Bloomberg News, with the rest expecting no change.

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

In Delhi, gold of 99.9 per cent and 99.5 per cent purities fell by Rs 270 each to Rs 34,180 and Rs 34,030 per 10 grams, respectively.

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Walmart Bets On India Despite Stricter E-Commerce Rules

In May last year, Walmart bought 77 per cent equity stake in Flipkart for a whopping $16 billion (Rs 1,16,256 crore).

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Shaktikanta Das Says Government To Decide On Usage Of RBI Dividend

The RBI's central board meeting will take a call on the amount of interim dividend to be paid by the bank to the government.

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Tata Motors Posts Rs 26,993 Crore Loss In December Quarter

Revenue rose 5.8 per cent to 76,265 crore rupees, the company said.

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SpiceJet, IndiGo, Air India Offer Discount On Flight Tickets

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

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RBI's Policy Review Pragmatic, Will Boost Economy: Government

The RBI projected GDP growth to be in the range of 7.2-7.4 per cent in the first half of the next fiscal beginning April, and at 7.5 per cent in the third quarter "with risks evenly balanced".

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RBI Projects Economic Growth At 7.4% In 2019-20

The Reserve Bank of India said on Thursday it expected growth in the GDP or gross domestic product at 7.4 per cent in the next financial year. GDP growth for is projected in the range of 7.2-7.4 per...

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RBI Raises Collateral-Free Farm Loan Limit

The central bank also decided to set up an internal working group (IWG) to review agricultural credit and arrive at a workable policy solution.

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RBI Cuts Inflation Forecast To 2.8% For Last Quarter Of Current Fiscal

RBI said the short-term outlook for food inflation appears particularly benign, despite adverse base effects.

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Grounded By New Rules, Amazon Finds Way To Revive Biggest Seller: Report

Amazon was forced to remove hundreds of thousands of items sold by top vendors Cloudtail and Appario as it indirectly held 49% equity stakes in both firms.

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RBI Policy Highlights: RBI Cuts Repo Rate, Changes Stance To "Neutral"

The repo rate - which is the key interest rate at which the RBI lends short-term funds to commercial banks - now stands at 6.25 per cent.

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

The monetary policy committee (MPC) cut the repo rate by 25 basis points to 6.25 per cent, as predicted by only 21 of 65 analysts polled by Reuters.

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RBI To Set Up Working Group To Examine Agricultural Loan Issues: Report

The move comes days after government pledged 75,000 crore rupees to support poor farmers and reduced the tax burden for the middle class.

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RBI Cuts Repo Rate By 0.25%, Changes Policy Stance To "Neutral"

The central bank had switched to the "calibrated tightening" stance in October under then governor Urjit Patel.

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Rupee Falls By 20 Paise To 71.76 Against Dollar: 10 Things To Know

The rupee on Thursday slipped by 20 paise to 71.76 in early trade at the forex market as the investors were cautious ahead of the Reserve Bank of India's Monetary Policy Committee outcome, reported...

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Sensex, Nifty Rise Ahead of RBI Policy Statement

Top gainers on the 50-scrip index were Sun Pharma, Cipla, HCL Tech, Adani Ports and Tata Motors.

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Stock Markets Likely To Open Lower Ahead Of RBI Policy Decision

The Reserve Bank of India's Monetary Policy Committee, headed by Governor Shaktikanta Das, is due to release its sixth bi-monthly statement after conclusion of a three-day meeting. Economists,...

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RBI Seen Changing Stance To "Neutral" Under Shaktikanta Das' First Policy

The Reserve Bank of India (RBI) will today conclude the three-day meeting of its Monetary Policy Committee (MPC) and release its sixth bi-monthly statement for 2018-19. Today's statement from the...

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Government Tightens Norms On Unregulated Deposit Schemes

The additions to a 2018 bill would remove considerable time lags involved in punishing the operators of such schemes, said Ravi Shankar Prasad.

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JioPhone 2 Latest Flash Sale: Timing, Price And Other Details

Reliance Jio offers five prepaid plans for JioPhone priced at Rs. 49, Rs. 99, Rs. 153, Rs 297 and Rs 594.

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Telecom Regulator Denies Claims Of Rise In TV Bills Post New Norms

The statement comes after a Crisil report on Monday said that the new norms would result in higher bills for the cable TV and Direct-to-Home (DTH) subscribers.

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Government Defers Plan To Tax Mobile Touch Panel Imports: Report

The tariff, which was supposed to kick in from February, has been delayed after considering industry demands.

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Rupee Ends Flat At 71.56 Against Dollar Ahead Of RBI Policy: 10 Points

The rupee on Wednesday settled nearly unchanged at 71.56 against dollar as participants preferred to wait for the Reserve Bank of India's interest rate decision for further cues, reported news agency...

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Top Court Says Aadhaar-PAN Linking Mandatory For Filing ITR: 10 Points

Linking Permanent Account Number (PAN) with Aadhaar or Unique Identity Number, a 12-digit personal identification number issued by the Unique Identification Authority of India is mandatory for filing...

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Vodafone Idea Reports Rs 5,005 Crore Loss For October-December

The company said the quarterly numbers were not comparable on account of the merger last year.

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

In Delhi, gold of 99.9 per cent and 99.5 per cent purities dropped Rs 25 each to Rs 34,450 and Rs 34,300 per 10 grams, respectively.

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JSW Steel Profit At Rs 1,624 Crore In December Quarter, Lags Estimates

Net profit came in at Rs 1,624 crore ($226.75 million), for the three months ended December 31, compared with a profit of Rs 1,753 crore a year ago, the company said.

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Cipla Profit Falls 17% In December Quarter, Misses Analysts' Expectations

Cipla, in its last quarterly earnings in November, had warned of headwinds in the second half of the financial year.

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Sensex Rallies For Fifth Day, Nifty Reclaims 11,000 After 4 Months

Rally in today's session was led by Reliance Industries, ICICI Bank, Infosys and Tata Consultancy Services.

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Fitch Puts Tata Motors "On Negative Watch"

JLR had said in January there would be a week-long pause in production in April due to potential disruption from Brexit and trimmed production.

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PNB Now Offers 3 New Fixed Deposit Maturities, Details Here

Fixed deposit accounts with a lock-in period of five or 10 years are eligible for deduction in income tax under Section 80C of the Income Tax Act.

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Lupin Posts Rs 152 Crore Loss In December Quarter

The company reported a net loss of 152 crore rupees ($21.2 million), compared to a profit of 222 crore rupees in the same quarter last year, the company said.

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Crypto CEO Dies Holding Passwords That Can Unlock Millions In Customer Coins

Gerald Cotten was always conscious about security -- the laptop, email addresses and messaging system he used to run the 5-year-old business were encrypted, according to an affidavit from his widow.

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Asian Shares Receive Biggest Foreign Inflows In A Year In January: Report

In January, MSCI's broadest index of Asia-Pacific shares gained 6.7 per cent, its biggest monthly advance since March 2016.

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IndiGo Offers Flight Tickets From 899 Rupees In New Flash Sale

The booking period of IndiGo's flight ticket offer ends on February 9, 2018, said the airline on its official website- goindigo.in.

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Tech Mahindra Hits 52-Week High On Profit Beat In Q3

Tech Mahindra's revenue from operations advanced 3.63 per cent to Rs 8,943.7 crore from Rs 8,629.8 crore during July-September quarter.

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Rupee Edges Higher To 71.49 Against Dollar

The rupee edged higher against the dollar in morning trade on Wednesday. The rupee appreciated by eight paise against the greenback to hit 71.49, compared with its previous close of 71.57. Strength in...

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Rupee Unlikely To Retest Life-Time Lows This Year: Poll

The latest poll also shows less than 10 per cent of the total contributors with a year-ahead view now expect the rupee to breach its all-time low of 74.485 per dollar hit on October 11.

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Tech Mahindra Posts Rs 1,203 Crore Profit In December Quarter

Revenue from operations jumped 15 per cent to 8,944 crorerupees, while revenue from its IT service unit climbed 14.4 per cent.

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Sensex Gains Over 250 Points, Nifty Above 11,000

Top advancers on the Nifty50 were Tech Mahindra, Zee, Hindustan Petroleum, Indiabulls Housing Finance.

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Axis Bank, Syndicate Bank, UCO Bank Penalised By RBI

The Reserve Bank of India imposed a penalty of Rs 2 crore each on UCO Bank and Axis Bank for non-compliance with an earlier circular.

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Government To Borrow Additional Rs 36,000 Crore In 2018-19

With Rs 36,000 crore additional borrowings, the government will now raise a total of Rs 96,000 crore in the remaining period of the fiscal year.

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Wall Street Gains Ahead Of Donald Trump's State Of The Union Address

The S&P 500 is eyeing its fifth straight session of gains after a recent dovish stance from the Federal Reserve

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

SBI Flexi Deposit Scheme: The scheme also offers loan facility, nomination facility and passbook facility.

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Apple Buyout Targets Could Include Netflix and Sonos: JPMorgan

Shares of Apple have lost nearly 30 percent from an October record, dropping on concerns over the demand prospects for its key iPhone product line.

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World Stocks Sizzle At Two-Month High Before Trump's Address

The U.S. Federal Reserve's recent caution continued to feed risk appetite but there were a number of idiosyncratic factors marching markets higher.

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Rupee Snaps 2-Day Losing Streak, Rises 23 Paise Per Dollar

Forex dealers said investors were cautious ahead RBI's Monetary Policy Committee outcome scheduled for February 7.

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Banks May Have To Allot Rs 40,000 Crore More For Bad Debt: India Ratings

The banking sector has been under massive stress in the last few years as lenders have struggled with about $150 billion of bad loans.

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Amazon Grocery Service Slowly Returns In India After E-Commerce Disruption

New federal rules forced Amazon India to remove hundreds of thousands of products from its site last week.

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Cryptocurrencies Worth Millions Frozen After Canadian Founder's Death

Quadriga has 363,000 registered users and owes a total of C$250 million to 115,000 affected users, according to an affidavit filed by Mr Cotten's widow Jennifer Robertson on behalf of the company.

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Steel Firms Seek Higher Duties On Steel Imports As Prices Drop: Report

Local producers are suffering from the double whammy of a rise in cheap imports and low domestic steel prices.

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Hindustan Petroleum Profit Slumps 87% In December Quarter

Net profit came in at Rs 248 crore ($34.65 million) compared with a profit of Rs 1,950 crore last year, the firm said.

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

In Delhi, gold of 99.9 per cent and 99.5 per cent purities advanced by Rs 25 each to Rs 34,475 and Rs 34,325 per 10 grams, respectively.

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Angel Tax: Final Solution In 5 Days, No Relief On Existing Orders

The DPIIT will work with the CBDT to grant exemption from the angel tax to all DPIIT-registered Level-I start-ups, in what has been the long-standing demand of the start-up and angel network to the...

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Government Expects Rs 69,000 Crore In Dividend From RBI In 2019-20: Report

The Indian government expects the central bank to pay a dividend of Rs 69,000 crore in the next financial year beginning April 2019.

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Sensex, Nifty Close Higher For Fourth Straight Session

The overall market breadth was bearish as nearly 1,700 shares ended lower while a little over 850 shares ended higher on the BSE.

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GAIL Posts Rs 1,681 Crore Quarterly Profit, Beats Analysts' Estimate

Profit for the quarter ended December 31 came in at Rs 1,681 crore, compared with a profit of Rs 1,262 crore last year, the company said.

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Walmart May Exit Flipkart Due To New FDI Rules: Morgan Stanley

According to the report, Walmart-Flikkart saga might turn out to similar to what happened with Amazon in China in late 2017.

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SpiceJet Offers Flight Tickets From 899 Rupees

SpiceJet discount offer: The airline is also offering an additional 10% off on flight tickets and free priority check-in on booking via SBI credit card

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Coal India Board Approves Share Buyback; Stock Declines

Coal India's board of directors' approved buying back 0.72 per cent or 4.46 crore shares at Rs 235 per share worth Rs 1,050 crore.

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Budget 2019: Income Tax Changes And How They Will Impact You

While keeping the income tax slabs unchanged, Union Minister Piyush Goyal proposed a full tax rebate on annual personal income up to Rs 5 lakh. He also announced an increase in standard deduction...

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Punjab National Bank Reports Surprise Profit On Lower Provisions

India's third largest government-owned lender's net profit surpassed analyst estimates in September-December quarter aided by lower provisioning for bad loans.

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RBI Seen Changing Policy Stance To "Neutral" On Thursday

At Thursday's MPC meeting - the first for RBI Governor Shaktikanta Das - it will be tough to balance desire to support economic growth with the need to contain inflationary expectations.

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Bharti Airtel Hits Near Eight-Week Low After Moody's Downgrade

Airtel, once seen as the bellwether of the domestic telecoms industry, posted a nearly 72 per cent fall in quarterly profit last Thursday, suffering from continuing pricing pressure.

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Anil Ambani's RCom Bankruptcy Could End Up Helping Brother Mukesh Ambani

The process initiated Friday in Mumbai, once admitted by the court, would leave Ambani's Reliance Communications Ltd., or RCom, 270 days to repay debt or liquidate. The company voluntarily took the...

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Sensex Rises 70 Points, Nifty Moves Above 10,920

Top gainers on the 50-scrip index were Dr Reddy's Laboratories, Hero MotoCorp, Mahindra & Mahindra, UPL and Bajaj Finance.

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How Jeff Bezos Lost Out To Billionaire Mukesh Ambani In Poll-Bound India

The government this month rolled out constraints on foreign e-commerce players including Amazon and Walmart-owned Flipkart, which together control 70 percent of its online shopping. The tighter rules,...

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"I've Moved On": Binny Bansal On Talk Of Rift With Flipkart Co-Founder

Binny Bansal, who departed after Flipkart's new owner Walmart Inc. investigated alleged personal misconduct, is now focused on xto10x Technologies, a startup he co-founded with former colleague...

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Centre To Form Committee To Resolve Issue Of Angel Tax On Start-Ups

Angel tax is levied on the difference between the amount received by a closely held company in lieu of its shares and the fair market value of the shares.

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RBI Unlikely To Cut Interest Rates, Says SBI Chairman

"I think the Committee may maintain its stance to neutral but I'm not expecting a rate cut," said Rajnish Kumar.

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RCom Moves Tribunal To Withdraw Ericsson Appeal

The NCLAT has asked Swedish telecom equipment maker to file its reply regarding the matter by February 8 and has scheduled a hearing for February 12, the company said.

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Gold Prices Rise By 340 Rupees: 5 Things To Know

In Delhi, gold of 99.9 per cent and 99.5 per cent purities advanced by Rs 340 each to Rs 34,450 and Rs 34,300 per 10 gram, respectively.

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Tribunal Exempts RCom From One-Time Spectrum Charge

TDSAT also directed the Department of Telecommunications to return a Rs 2,000 crore bank guarantee made by the debt-laden company.

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Rupee Logs Steepest Single-Day Fall In Over A Month

Rupee extended decline and fell 56 paise or 0.8 per cent to 71.80 versus US dollar. The yield on 10-year bond rose 3 basis points to 7.41 per cent from 7.38 per cent on Friday. The rupee and bonds...

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April-December Fiscal Deficit At 112% Of Full-Year Target

In April-November, the country's fiscal deficit was Rs 7.17 lakh crore, or about 115 per cent of the budgeted target.

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Amazon, Walmart Take $50-Billion Hit In Market Value

Amazon India had to pull out many products and was listed as "currently unavailable" as the new norms prohibit e-tailers from selling products of companies in which they have stakes.

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Sensex, Nifty Close Higher For Third Straight Session

Reliance Industries, ONGC, Bajaj Auto, Kotak Mahindra Bank and TCSwere the top gainers on the 30-share Sensex.

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Axis Bank Pays These Interest Rates On Fixed Deposits From This Month

Fixed deposit accounts with a lock-in period of five or 10 years are eligible for deduction in income tax under Section 80C of the Income Tax Act.

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RCom Shares Nosedive To Record Low After Firm Approaches Bankruptcy Court

RCom, controlled by Anil Ambani, also said on Friday that its lenders had not received any proceeds from asset monetization plans, and that its overall debt resolution process had not made any...

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Sensex Falls Over 150 Points, Nifty Slips Below 10,850: 5 Things To Know

Domestic stock markets started Monday's session on a weak note, with the Nifty opening 16 points lower and the Sensex declining 13 points from the previous close. The start of the session marked the...

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Stock Markets Likely To Open Lower

Monday's opening of the NSE Nifty will mark its first after presentation of the Interim Budget 2019-20 in Parliament on February 1.

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Markets Regulator Summons Mutual Fund CEOs Over Zee Turmoil: Report

A member of markets regulator Sebi or Securities and Exchange Board of India has reportedly summoned the chief executive officers of four mutual fund institutions and one credit ratings agency over...

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Assessments To Be "Completely Faceless" In Few Years, Says Taxman

The existing CPC in Bengaluru is the nodal wing of the tax department to handle I-T returns filed by taxpayers of all categories, and the subsequent issuance of processing certificate and refunds to a...

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Reliance Communications Lays Out Debt Resolution Plan

Reliance Communications said its new proposal resembles a previous plan, which was hampered however by a lack of regulatory approvals and legal battles. RCom's net debt stood at around $7 billion as...

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How To Calculate Income Tax For Assessment Year 2020-21

Budget 2019: Wondering how to calculate income tax for 2020-21 (assessment year)?Here are key changes to income tax laws announced by the government in its February 1, 2019 budget. From tax benefit on...

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JSPL October-December Loss Narrows To Rs 2.4 Crore

The loss came in at 2.41 crore ($336,740) for the third quarter ended December 31, compared with a loss of Rs 266 crore a year earlier, the steel producer said in a statement.

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Benefits For Property Owners Announced In Budget 2019

In the Budget 2019, the government has announced different benefits for house owners. The government proposed to hike the TDS exemption limit applicable to payment of rent from Rs 1,80,000 to Rs...

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Monthly GST Collections Cross Rs 1 Lakh Crore Mark For 3rd Time This Year

GST or goods and services tax collections stood at Rs 1,02,503 crore in the month of January, the government said on Saturday. The official GST data for the entire first month of calendar year 2019...

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Despite Fiscal Target Miss, FIIs To Remain Interested In Markets: Report

The report cautioned against the trend of maintaining target at 3.4%, as it can revive risk of rising inflation and interest rates in medium term.

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Here's A Comparison Of 9 Types Of Saving Schemes Offered By Post Office

The interim Budget 2019 proposed raising the TDSthreshold on interest earned on bank and post office deposits from Rs 10,000 to Rs 40,000 for the next fiscal.

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Government Sets Divestment Target For Next Fiscal At 90,000 Crore Rupees

The government plans to use the divestment fund of Rs 90,000 crore to finance expenditure on infrastructure project, education, health sectors and investment in the railways towards capital...

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Budget Proposes To Raise TDS Limit On Deposits: Check FD Rates Of SBI

The interest rates on fixed deposits (FDs), which are revised from time to time, vary according to the tenor of a fixed deposit.

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Real Estate Players Welcome Tax Benefits, Exemptions Announced In Budget

Owners of unsold inventory are currently exempt from paying income tax on notional rent for a period of one year.

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High Interest Cost Continues To Dampen Automobile Sales: Report

In the domestic market, Maruti Suzuki sold 142,150 units last month, up by 1.1 per cent from 140,600 units sold in the corresponding month in 2018.

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Jet Lenders To Restructure Loans Under 'Sashakt Scheme': SBI Chief

Recently, Jet Airways has been in a tight spot financially as a rescue plan is said to be stitched between its partner Etihad and a consortium of banks.

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GST Collections Rise To 1.02 Lakh Crore Rupees In January

The January collection was also 14 per cent higher than last year's collection in the same month, the Finance Ministry said on Saturday.

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Dr Reddy's Posts Rs 485 Crore Profit In December Quarter

The revenues during Q3 were Rs 3,850 crore, up 1 per cent both quarter-on-quarter and year-on-year.

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Government Provides About 1 Lakh Rupees As Budgetary Support To Air India

Separately, the airline has been allowed to raise Rs 434 crore through Internal and Extra Budgetary Resources (IEBR).

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Government Steps Up Rural Funding In Budget 2019, Here's What Experts Say

Union Minister Piyush Goyal presented Budget 2019 on Friday in the Parliament.

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Next Government Likely To Inherit Some Fiscal Risks, Say Economists

Economists fear some of the assumptions built into the math for those goals are too aggressive - especially its forecasts for strong tax revenue growth.

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Rs 400 Crore For Delhi Metro In Government's Interim Budget

The Delhi Metro has been given a grant of Rs 414.70 crore in the Union Budget 2019-20 as against Rs 50 crore in the last fiscal.

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"Jobs Dipping Amid 7.5% Growth?": Arun Jaitley Junks "Unverified" Report

Union Minister Arun Jaitley today brushed aside a leaked report that suggested a four-decade high in unemployment rate under the Narendra Modi government, terming it as an "unverified draft" that...

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SBI Fixes Glitch That May Have Exposed Customer Data

State Bank of India (SBI), the country's largest lender, has fixed a glitch in its systems that may have exposed the financial information of millions of customers.

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Over Rs 16000 Crore Allocated To Ministry Of External Affairs In Budget

Over Rs 16,000 crore has been earmarked for the Ministry of External Affairs in the 2019-20 budget, an increase of more than Rs 1,000 crore from the previous fiscal, with a massive jump in aid...

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Tax Gift For "Great Indian Middle Class" As Government Preps For Polls

Mr Jaitley wrote in a post on social media that the decision to exempt income of up to Rs 5 lakh from tax will benefit the "great Indian middle class".

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Defence Budget Increased By 6.87% To Rs 3.18 Lakh Crore

The defence ministry said the capital outlay for armed forces is 32.19 per cent of the government's total capital expenditure of Rs 3,36,293 crore.

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RCom Moves To Bankruptcy Tribunal To Resolve Debt Burden

RCom, controlled by businessman Anil Ambani, owed banks $7 billion as of March 2017 when it last made public its debt level, and more to vendors.

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Rupee Drops By 17 Paise To Settle At 71.25 Against Dollar

The rupee on Friday weakened by 17 paise to close at 71.25 against the dollar as concerns related to fiscal slippage weighed on the sentiment after the interim budget unveiled some big measures ahead...

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Arun Jaitley Lauds Budget 2019, Calls It "Fiscally Prudent"

Arun Jaitley, who had delivered the Budget speech last year, said the Budget expands spending while pragmatically sticking to fiscal prudence.

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Tax Relief Couldn't Have Waited For Full Budget, Says Piyush Goyal

Relief for small taxpayers could not have waited till the full Budget, said Union Minister Piyush Goyal after presenting the election-year Interim Budget today. The minister who filled in for Finance...

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Budget 2019: Government Pegs Fiscal Deficit At 3.4% In 2019-20 - 10 Points

Budget 2019: The government has pegged the fiscal deficit target at 3.4 per cent of gross domestic product (GDP) for financial year 2019-20, Union Minister Piyush Goyal said on Friday. "We would have...

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Piyush Goyal's Key Tax Announcements And How Dalal Street Took It

The minister proposed a full tax rebate to individual taxpayers with an annual income of up to Rs 5 lakh.

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Budget 2019: Government Steps Up Rural Spending, Gives Tax Relief

The interim budget for 2019/2020 offered direct cash support of Rs 6,000 to 120 million poor farmers

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"Tax Relief Will Hike Spending, Benefit Economy," Says Arun Jaitley

Union Finance Minister Arun Jaitley today said that the Narendra Modi government's budgetary move to exempt those with an annual income under Rs 5 lakh from the tax net will strengthen the country's...

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Environment Ministry Budget Increased By 20 Percent, Gets Rs 3,111 Crore

The government on Friday increased the budgetary allocation for the Environment Ministry by 20.27 per cent to Rs 3,111.20 crore as it presented the interim budget for 2019-20.

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Budget To Stimulate Demand, Boost Economic Growth: India Inc

CII Director General Chandrajit Banerjee said the Budget for 2019-20 touched the right notes for stimulating demand and growth in the economy.

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Profit From Selling Property Can Be Invested In Not 1 But 2 Houses Now

Union Budget 2019: The election-year Interim Budget will now give breathing room for people who are planning to save on paying tax on the profit they get from selling off property. Union Minister...

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In A First, Budget Provisions For Home Ministry Cross 1-Lakh Crore Mark

For the first time, budgetary provisions for the Home Ministry has crossed the Rs 1-lakh crore mark and is pegged at over Rs 1,03,000 crore for the next fiscal, with special emphasis on improving...

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Budget 2019: Allocation For Sports Increases By Over Rs 200 Crore

The government on Friday increased the sports budget by Rs 214.20 crore for the financial year 2019-2020, including a hike in funds for the Sports Authority of India (SAI) and incentives for...

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"Doesn't Seem Like Much, But...": KJ Alphons On Budgetary Aid For Farmers

Union Tourism Minister KJ Alphons today said that while the annual budgetary allocation of Rs 6,000 for small farmers -- translating to Rs 3.3 a day per person for a family of five -- may not exactly...

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Over Rs 240 Crore Allocated For Training Of Bureaucrats: Piyush Goyal

Over Rs 240 crore was allocated to the Personnel Ministry for domestic and foreign training of bureaucrats and augmenting necessary infrastructure during the next fiscal, according to the interim...

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