PNB's Board To Meet Soon On Merger With Oriental Bank, United Bank

The bank has received a communication from the Ministry of Finance that the alternative mechanism after consultation with Reserve Bank of India (RBI) has decided that Punjab National Bank, Oriental...

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Bank Merger Will Not Help Recover Bad Loans:Bank Employees' Association

The government on Friday announced a mega plan to merge 10 state-run public sector banks into four large entities to address economic concerns.

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HDFC Bank Revises Fixed Deposit Interest Rates

On fixed deposits of a one-year maturity period, the private sector bank has lowered its interest rates by 20 basis points.

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Income Tax Returns (ITR) Filing Deadline Ends Today. Ten Things To Know

The deadline for filing income tax returns for assessment year 2019-20 (financial year 2018-19) ends today. It is compulsory for individuals earning a specified amount of income in a year to file...

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Mega Bank Merger " A Big Bang Step", Says Uday Kotak

The Punjab National Bank, Oriental Bank of Commerce and United Bank will merge to form the country's second largest public sector bank with a business of Rs.17.95 lakh crore, Finance Minister Nirmala...

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As Growth Slumps To 6-Year Low, Goldman Sachs Predicts Deeper Rate Cuts

Sovereign bonds fell in August, with the yield on benchmark 10-year notes rising by 19 basis points amid worries the government may borrow more to finance any potential fiscal stimulus to boost a...

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What Small Manufacturers Say About New Foreign Investment Rules

Contract manufacturing is the outsourcing of part of the manufacturing process of a product to a third-party, specializing in design, production, assembly and distribution.

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IndiGo Announces New International Flights, Fare Details Here

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

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Indebted IL&FS Gets Binding Bids For 10 Road Assets

IL&FS, a major infrastructure financing and construction company, collapsed late last year after a series of defaults that triggered fear of contagion in India's financial sector and forced the...

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Government To Infuse Rs 55,250 Crore In 10 State-Run Banks

Ms Sitharaman also said that loan recovery of PSU banks was at record levels as Rs 1.21 lakh crore was recovered by the banking system.

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"Overall Recovery May Take Couple Of Quarters": Experts On GDP Growth

India's economy had annual growth of 5.0 per cent in the April-June quarter, the slowest in more than six years.

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Gold Prices Fall By Rs 500 On Easing Demand

Globally, gold was trading lower at $1,526.80 an ounce in New York, while silver was up at $18.52 an ounce.

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India's Economic Growth At 6-Year Low, GDP Expands 5% In June Quarter

India's economic growth expanded at its slowest pace in over six years, government data on Friday showed. The economy grew at 5 per cent in the first quarter of current financial year compared with...

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DHFL Board Approves Plan To Convert Debt Into Equity

DHFL's struggles also come as the domestic banking sector still grapples with nearly $150 billion of stressed assets.

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4 Mega State-Run Bank Mergers Announced by Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Friday announced the merger of Punjab National Bank, Oriental Bank of Commerce and United Bank. Speaking on consolidation of the three public sector banks, Ms...

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GDP Data To Be Released Shortly

The poll median showed the economy was expected to have grown at a year-on-year pace of 5.7 per cent in the June quarter, a touch slower than 5.8 per cent in the preceding three months.

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Loan Recoveries Have Hit Recover Levels: Nirmala Sitharaman

The Finance Minister said gross non-performing assets (NPAs) - or bad loans - have come down from Rs 8.65 lakh crore to Rs 7.90 lakh crore.

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April-July Fiscal Deficit Crosses 77% Of Budgeted Target

Net tax receipts in the first four months of the fiscal year were Rs 3.39 lakh crorerupees, while total expenditure was Rs 9.47 lakh crore rupees, government data showed.

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Sensex, Nifty Snap Two-Day Losing Streak Led By HDFC, ICICI Bank

The Sensex ended 264 points or 0.7 per cent higher at 37,333 and the Nifty 50 index climbed 75 points or 0.7 per cent to close at 11,023.

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No Extension In August 31 Due Date To File Return: Income Tax Department

The first deadline to file the ITR was July 31, which was extended to August 31 after the taxpayers faced issues in filing the ITR.

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GDP Growth Likely Stood at 5.7% In June Quarter: 10 Things To Know

The government will today release data on GDP or gross domestic product for the quarter ended June 30 today. Many economists expect the data to show that the expansion in India's GDP slowed for a...

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Sensex Recovers 489 Points From Day's Low Led By Banks

Nine of 11 sector gauges compiled by National Stock Exchange were trading higher led by the Nifty FMCG index's 1.4 per cent gain.

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Adani Green Energy To Buy Essel Group's Solar Assets

Gautam Adani-led by Adani Group's Adani Energy has signed an agreement to buy solar assets of Essel Group, Adani Green Energy said in an exchange notification.

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SBI To Offer New Repo-Linked Home Loan Rates From September 1

State Bank of India (SBI), the country's largest bank, recently announced the launch of repo-linked home loans at interest rates starting from 8.05 per cent. The new interest rates will be applicable...

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Sensex Plunges Over 450 Points From Day's High: Five Things To Know

Extending losses to a third day running, domestic stock markets registered sharp losses in late morning deals on Friday ahead of the release of macroeconomic data by the government. The S&P BSE Sensex...

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India's Growth Slowdown Set to Deepen as Consumers Buckle

Finance Minister Nirmala Sitharaman is still considering whether to use the windfall from the central bank to cut borrowings or boost spending.

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Rupee Advances To 71.62 Against Dollar: 10 Things To Know

The rupee rose by as much as 18 paise against the US dollar on Friday. The rupee opened higher at 71.76 against the greenback, and climbed to as high as 71.62 at one point by late morning deals....

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Sensex Rises Over 150 Points, Nifty Hits 11,000 Mark

The government will release GDP or gross domestic product data for the quarter ended June 30 after market hours.

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Mukesh Ambani's Jio May Control 45% Of Market By 2022: India Ratings

Mukesh Ambani stormed into the industry in 2016 and has bet his carrier can outlast rivals while offering some of the lowest prices for services and handsets.

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Currency In Circulation Jumps 17% To Over Rs 21 Lakh Crore In FY19: RBI

The demand for the Rs 500 bill has soared the highest and now accounts for over 51 per cent of the value of currency in circulation, said the report.

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With New FDI Rules, India Seeks To Gain From US-China Trade War: Report

The Sino-US trade war has also rattled global automotive supply chains and affected big automakers.

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More Measures To Be Announced To Propel Economic Growth: Finance Minister

The government on Friday eased FDI rules in digital media, single brand retail, coal-mining and contract manufacturing.

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Contingency Fund Falls To Rs 1.96 Lakh Crore After Payout To Centre: RBI

The balance in the contingency fund as of June 30, 2019 was Rs 1,96,344 crore compared to Rs 2,32,108 crore as of June 30, 2018, RBI said.

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"Soft Patch Mutating Into A Cyclical Downswing": RBI On Slowing Growth

The RBI report said reviving consumption and private investment have assumed the "highest priority" now for all.

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Bank Frauds Jump 74% To Rs 71,543 Crore In FY19, Says RBI

The average lag between the date of occurrence of frauds and its detection by banks was 22 months, the Reserve Banks said.

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SBI Credit Card Business Plans Rs 8,000-Crore IPO: Report

At the end of March 31, 2019, SBI Card, which is 74 per cent owned by SBI and 26 per cent by US private equity firm Carlyle Group, had total assets worth Rs 19,593 crore.

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Hurry! Last 2 Days Left To File Your Income Tax Return (ITR)

The due date for assessees to file their income tax return (ITR) for assessment year 2019-20 (financial year 2018-19) is August 31. The Income Tax Department has provided seven ITR forms to enable...

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Gold Tops Rs 40,000-Mark For The First Time: 10 Things To Know

Gold prices crossed the Rs 40,000 per 10 grams level for the first time in Delhi on Thursday. Continuing its record-breaking run for the second session, gold prices jumped by Rs 250 to an all-time...

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Sensex Slumps 383 Points, Nifty Settles Below 10,950 As Financials Drag

Seven of 11 sector gauges compiled by National Stock Exchange ended lower led by the Nifty PSU Bank Index's 2.5 per cent fall.

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FDI Norms Eased To Make India A More Attractive Investment Destination

In its bid to push investments and revive growth, the Union Cabinet on Wednesday eased FDI or foreign direct investment norms in four sectors. Allowing 100 per cent foreign investment in coal mining...

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Economic Growth Seen Slipping In April-June, More Stimulus Expected: Poll

If the latest number for expansion of gross domestic product is 5.7 per cent or less, the quarter had the slowest expansion in 21 quarters, since 5.3% in January-March 2014.

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Forever 21 Prepares For Potential Bankruptcy Filing: Report

Forever 21 is one of the biggest mall tenants still standing after a wave of bankruptcies in the retail sector.

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Sensex Seen Hitting 39,800 By June 2020: Poll

The poll of over 50 strategists taken over the past week showed the Sensex will gain 2% to 38,400 by end-2019 from Tuesday's close of 37,641.27.

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IndianBulls Housing Finance Shares Plunge 8% After Nifty50 Exclusion

At 1:42 pm, Indiabulls Housing Finance shares were trading lower 4.96 per cent at Rs 434.55 on the NSE.

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Yes Bank Shares Fall Over 7% After Moody's Downgrade

On the National Stock Exchange (NSE), Yes Bank shares opened lower at Rs 59.25 apiece and dropped to as much as Rs 55 apiece, marking a decrease of 7.56 per cent.

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CG Power Board Removes Gautam Thapar As Chairman

On August 19, CG Power's Risk and Audit Committee had raised red flags on five counts which were prejudicial to the company.

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Sensex Drops Over 300 Points, Nifty Breaks 10,950 As Banks Drag

Sixteen of 19 sector gauges compiled by BSE were trading lower led by the S&P BSE Bankex index's 1.6 per cent fall.

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Rupee Moves Lower To 72.04 Against Dollar: 10 Things To Know

The rupee fell as much as 27 paise against the dollar on Thursday. Analysts said weak domestic stock markets and persistence foreign fund outflows led to the declines in the local currency. Pessimism...

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Apple To Start Online Sales "Within Months" After New FDI Rules: Report

Selling online will be a big step forward for Apple in a country where counterfeit products abound in online platforms increasing buyers' distrust.

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Google To Shut Down Online Job Service 'Hire': 5 Things To Know

"Hire" came into existence after Google acquired Bebop -- a company started by Greene -- for a reported $380 million in 2015.

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Sensex Falls Over 250 Points, Nifty Slides Below 11,000

The Sensex and Nifty had finished 189.43 points - or 0.50 per cent - and 59.25 points - or0.53 per cent - on Wednesday.

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"India's A Big Market": Coming Soon, Tiffany Stores In Delhi, Mumbai

Tiffany will start with two stores -- one in New Delhi and another in Mumbai -- that will carry the same assortment of silver and gold bracelets, necklaces and rings available in other markets, along...

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Government Eases Local Sourcing Rules In Single Brand Retail

Commerce Minister Piyush Goyal said the 30 per cent local sourcing norms in single-brand retail remains, but its definition has been expanded.

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Task Force Recommends New Income Tax Slabs For Individuals: Report

People earning between Rs 5 lakh and Rs 10 lakh per year may have to pay 10% income tax, if the recommendations of the tax force are accepted.

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Foreign Investment Norms Eased For Digital Media, Coal Mining

The government approved FDI in digital media wherein foreign investor can buy 26 per cent stake in a digital media company with its approval.

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Rupee Closes Lower At 71.77 Against Dollar: 10 Things To Know

The rupee on Wednesday fell 29 paise against the US dollar. The depreciation in the home currency came on fears of an impending global recession which prompted investors to stick to safe-haven assets...

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How To Check Provident Fund (PF) Balance, View Passbook

In an EPF account, the employee contributes 12 per cent of his or her salarytowards the account, and an equal amount is contributed by the employer, according to the EPF website - epfindia.gov.in.

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Fitch Firm Lowers GDP Growth Forecast To Six-Year Low At 6.7%

With most engines of growth stuttering, the economic slowdown would continue and the April-June GDP figure could slip to 5.7 per cent.

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Gold Resumes Record Breaking Spree After A Day's Break

Resuming its record run, gold prices hit an all-time high of Rs 39,970 per 10 grams in Delhi on Wednesday. The prices of yellow metal jumped by Rs 300 on higher demand from jewellers and the gold's...

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Periodic Maintenance Can Increase The Life Of Your Car. Here's How!

While the initial service is more of a precautionary check, your first major service comes up at 10,000 km, as recommended by most carmakers.

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CARE Downgrades Credit Rating Of Coffee Day Global's Bank Facilities

For the month ending June 30, the company had reported gross debt of Rs 706 crore which steeply increased to Rs 1,097 crore as on July 31.

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Moody's Cuts Yes Bank Ratings With "Negative" Outlook

Moody's expects the bulk of Yes Bank's operating profits will get consumed by loan loss provisions over the next 12 to 18 months, and thus not support internal capital generation.

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Sensex, Nifty Snap Three-Day Winning Streak As Banks Drag

Eight of 11 sector gauges compiled by National Stock Exchange ended lower led by Nifty Metal index's over 3 per cent decline.

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ICICI Bank Deploys Robotic Arms To Count Currency Notes

These Robotic Arms are currently functioning at Mumbai, and Sangli (Maharashtra), New Delhi, Bengaluru and Mangaluru (Karnataka), Jaipur, Hyderabad, Chandigarh, Bhopal, Raipur, Siliguri and Varanasi,...

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Moody's Changes Outlook For Asian Steel Producers To "Negative"

Prices of iron ore and coking coal, two key steelmaking inputs, have surged by more than 60 per cent and 20 per cent in the year to June 2019.

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Sensex, Nifty Extend Losses As Banking, Metal Shares Drag

Eight of 11 sector gauges compiled by National Stock Exchange were trading lower led by the Nifty Metal index's 3.2 per cent fall.

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IndiGo Offers Flight Tickets From Rs 1,298, Details Here

IndiGo sale: Passengers can book tickets under the scheme - which is valid for travel till March 28, 2020 - till August 30.

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Fake-Branded Bars Slip Dirty Gold Into World Markets

Gold bars fraudulently stamped with the logos of major refineries are being inserted into the global market to launder smuggled or illegal gold.

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Indian Oil Plans Rs 2 Lakh Crore Investment By 2023-24: Chairman

IOC through its 11 refineries controls about a third of country's 5 million-barrel-per-day (bpd) refining capacity.

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Sensex Drops Over 200 Points As Markets Break 3-Day Winning Run

Domestic stock markets registered sharp losses as a selloff in financial and metal stocks deepened in late morning deals on Wednesday, breaking three consecutive days of gains in which the benchmark...

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Rate Cuts Not Enough To Re-Fire Damp Housing Market: Poll

A majority of respondents in the August13-27 survey said risks to those already-modest predictions were skewed more to the downside.

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Income Tax Return (ITR) Filing Deadline Ends In 3 Days: 10 Things To Know

Only three days are left to file income tax returns (ITR) for assessment year 2019-20(financial year 2018-19). It is compulsory for individuals who earn a specified amount of annual income to file ITR...

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Sensex, Nifty Turn Flat Amid Choppy Trade

The Sensex had climbed 1,168.34 points - or 3.20 per cent - and the Nifty risen 364.00 points - or 3.39 per cent - in the past three sessions.

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What Government Can Do With Rs 1.76 Lakh Crore Windfall From RBI

Finance Minister Nirmala Sitharaman last week announced various measures to spur growth, including hastening the capital infusion into state-run lenders.

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Rupee Set For Worst Monthly Loss In 6 Years

Weak fundamentals aside, the currency is also in a seasonally weak month. The rupee has slid an average 2.3 per cent in August over the past nine years, data compiled by Bloomberg show. Yet this time,...

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Can't Say How Funds From RBI Will Be Utilised: Nirmala Sitharaman

A day after the Central Board of Reserve Bank of India decided to payout Rs 1.76 lakh crore from its reserve and surplus to the government of India, Finance Minister Nirmala Sitharaman on Tuesday said...

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IndiGo Promoters' Feud: All Third Party Deals Clean, Says CEO

IndiGo is the country's largest private carrier with nearly 50 per cent market share on local routes.

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Relief Package For Real Estate Sector Expected This Week: Report

The government could make changes to the definition of affordable housing as sought by developers so that more projects can come under the category.

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Rupee Posts Biggest Single-Day Gain In 5 Months Against Dollar

The rupee climbed by 54 paise against the US dollar to settle at 71.48 on Tuesday, recovering from a more than nine-month closing low registered in the previous session. With today's gain, rupee...

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Can't Say How Funds From RBI Will Be Utilised: Nirmala Sitharaman

The record transfer will boost the government's finances at a time it strives to tackle a nearly five-year low economic growth.

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Rs 1.76 Lakh Crore RBI Transfer Positive For Economy: Soumya Kanti Ghosh

The transfer of surplus and excess dividend is in line with the recommendations of the Bimal Jalan Committee, which was tasked to review the Economic Capital Framework of the RBI.

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SpiceJet Announces Sale, Offers Flights Tickets From 1,299 Rupees

Under SpiceJet's scheme, which is valid for travel till March 31, 2019, flight tickets can be booked till August 30.

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Sensex, Nifty Gain For Second Straight Day; Tata Motors Surges 9%

Eight of 11 sector gauges compiled by National Stock Exchange ended higher led by the Nifty PSU Bank index's 2.5 per cent gain.

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Infosys Closes Rs 8,260 Crore Buyback Offer; Shares Fall

In January, the company had announced that it will buy back shares for an amount aggregating up to Rs 8,260 crore (maximum buyback size).

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Sensex, Nifty Off Day's Highs; Infosys, TCS Top Drags

Sixteen of 19 sector gauges compiled by BSE were trading higher led by the S&P BSE Utilities index's 2 per cent gain.

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Bonds At Three-Week High, Rupee Gains After RBI Payout To Government

The benchmark 10-year bond yield was at 6.44 per cent, down 4 basis points (bps) on the day after having earlier dropped to a low of 6.35 per cent, its lowest since August 7.

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India GDP Growth Seen At 5-Year Low Of 5.7% In June Quarter: Poll

The poll median showed the economy was expected to have grown at a year-on-year pace of 5.7 per cent in the June quarter, a touch slower than 5.8 per cent in the preceding three months.

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Maruti Suzuki Cuts 3,000 Contractual Jobs

Safety norms and higher taxes have "added substantially" to the cost of cars, affecting their affordability.

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Moody's Cautious Over Government Measures To Boost Economy

Moody's has cut India's GDP growth forecast for the calendar year 2019 to 6.2 per cent from its previous estimate of 6.8 per cent. For calendar year 2020, it reduced the estimate to 6.7 per cent.

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Sensex Up 200 Points, Nifty Firm Above 11,100: 10 Things To Know

The S&P BSE Sensex and NSE Nifty 50 indexes were trading firmly higher after the Reserve Bank of India's central board decided to payout Rs 1.76 lakh crore of excess funds to the central government....

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RBI To Make Rs 1.76-Lakh-Crore Payout To Government: 10 Things To Know

The Reserve Bank of India's Central Board on Friday decided on a payout of Rs 1.76 lakh crore to the government, after an expert committee chaired by former Governor Bimal Jalan made its...

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Sensex Rises 200 Points, Nifty Tops 11,100

The Sensex and Nifty indexes had on Monday finished 2.16 per cent and 2.11 per cent higher respectively, in their biggest single-day gain since May 20.

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Deutsche Bank, Amid Job Cuts, On Biggest Bout Of Hiring In India In Years

Deutsche Bank started its India operations in 1980 and now has about 1,800 employees in businesses including retail and wholesale banking, investment-banking advisory and wealth-management services.

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RBI's Rs 1.76 Lakh Crore Payout To Help Government Manage Fiscal Deficit

Finance Minister Nirmala Sitharaman last week announced various steps to spur growth including hastening capital infusion in state-run lenders even as she strives to meet a narrower fiscal gap goal of...

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Last Date To File GST Annual Returns Extended Till November 30

Earlier, GST taxpayers were to file required returns by August 31.

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RBI Approves Surplus Transfer Of Rs 1.76 Lakh Crore To Government

The amount of transfer this year is more than double the Rs 68,000 crore that it provided in the previous year.

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Global Investors Keen On Rupee Denominated Assets: RBI

The onshore markets are fairly deep and liquid but needs further strengthening, said RBI Deputy Governor BP Kanungo.

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RBI To Transfer Rs 1.76 Lakh Crore To Government

The Reserve Bank follows a July-June financial year and the dividend is usually distributed in August after annual accounts are finalised.

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Rupee Depreciates Past 72 Against Dollar, Ends At Over 9-Month Low

The rupee on Monday declined by 36 paise and closed to an over nine-month low. The rupee opened lower at 72.03 and fell to an intraday low of 72.25 against the greenback. The rupee settled at 72.02...

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RBI Employees Ask To Seek Consensus On Bimal Jalan Panel Report

The panel's report states how much reserves the RBI should retain and also the dividend payment to the government.

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Gold Prices Top Rs 39,000 As Bull Run Continues: 10 Things To Know

Gold prices rose for the fifth straight day on Monday and continued its record-setting spree. Gold prices hit a new record high of Rs. 39,670 per 10 grams in Delhi. The prices jumped by Rs. 675 on the...

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Sensex, Nifty Clock Biggest Gain In 3 Months On Steps To Shore Up Economy

Finance Minister Nirmala Sitharaman on Friday said the government would withdraw higher taxes on foreign portfolio investors.

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GDP Growth Pegged At 6% In June Quarter: Industry Body Survey

Furthermore, the annual median GDP growth forecast for 2019-20 has been pegged at 6.9 per cent, with a minimum and maximum estimate of 6.7 per cent and 7.2 per cent, respectively.

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Rs 70,000 Crore Infusion In PSU Banks To Push Loan Growth By 15%: Moody's

Moody's estimates that fresh capital will enable PSU banks to grow loans by around 13-15% in 2019-20, compared with about 10% in fiscal year 2019.

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State-Run Banks Surge On Rs 70,000 Crore Recapitalisation Drive

The Nifty PSU Bank index, which comprises stocks of the government-owned lenders, jumped as much as 6.46 per cent on Monday.

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Sensex Surges Over 500 Points After Government Takes Steps To Spur Growth

Nine of 11 sector gauges compiled by National Stock Exchange were trading higher led by the Nifty PSU Bank Index's 3 per cent gain.

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Amrapali Case: Supreme Court Orders Disbursement Of Rs 7 Crore To NBCC

The court also directed the Noida and Greater Noida authorities to comply with its earlier order.

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Rupee Declines By 51 Paise To Hit New 2019 Low Against Dollar

The rupee opened lower against the US dollar at 72.03 on Friday, and declined by as much as 51 paise to hit 72.17 in morning deals. That marked the lowest intraday level recorded for the rupee so far...

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Rupee Slips By 42 Paise To 72.08 Against Dollar

At the Interbank Foreign Exchange, the rupee opened at 72.03 then fell to 72.08 against the US dollar, showing a decline of 42 paise over its previous closing.

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Sensex Jumps Over 350 Points, Nifty Tops 10,900 Mark

Finance Minister Nirmala Sitharaman on Friday announced a slew of measures to revive the economy, which registered its lowest rate of growth in nearly five years in the March quarter.

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China's Yuan Hits 11-Year Low Amid Trade Tensions

The plunge past 7.0 prompted Washington to officially brand Beijing a "currency manipulator". China's central bank has "resolutely opposed" the label.

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In IndiGo Feud, A Move Towards Truce Between Billionaire Co-Founders

Rakesh Gangwal now intends to support a move to expand the company's board to 10 directors at its annual general meeting scheduled for August 27, reversing his earlier stance.

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Nifty Futures Indicate Positive Start For Markets Today

The Sensex and Nifty had ended 0.63 per cent and 0.82 per cent higher on Friday,snappinga three-day losing streak.

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New Measures To Help Economy Grow In Coming Months: Industry Body

CII also said that removal of the surcharge on FPIs and amendments to the FPI regulations is expected to boost investor sentiments.

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SBI Tax Savings Scheme: Eligibilty, Interest Rate And 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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India Needs Single Corporate Tax Rate Of 25%: KPMG

The government recently announced that tax rates for companies with over Rs 400 crore turnover will be gradually cut to 25 per cent.

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Minimum Balance Rules Of Top Public, Private Banks Explained Here

Banks also charge a penalty from the customers failing to maintain the required average monthly balance in their savings accounts.

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More Measure Needed To Tackle Economic Slowdown: Report

According to the report, more measures might be needed to give a fresh start to the lending cycle of non-banking financial companies (NBFCs).

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RBI Board May Discuss Dividend Payment To Government On Monday: Report

The RBI follows July-June financial year and the dividend is usually distributed in August after annual accounts are finalised. For FY20, the government has pegged a Rs 9,000 crore dividend from the...

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Post Office National Savings Certificates: Eligibility And Other Details

Deposits in the post office National Savings Certificate also qualify for deduction under Section 80C of the Income Tax Act.

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Economic Growth Measures, Crude Oil Prices To Guide Markets: Experts

In one of the measures, the government on Friday rolled back higher surcharge on foreign and domestic portfolio investors.

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PM Modi Launches RuPay Card in United Arab Emirates

RuPay card scheme was launched in 2012 to fulfil the Reserve Bank of India's vision to have a domestic, open and multilateral system of payments.

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Government Clarifies On Foreign Investors Surcharge, Experts Say Benefits Limited

The decision to roll-back surcharge came weeks after FPIs turned net sellers of stocks after levy of surcharge in the Union budget.

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Conditions Under Which You Can Withdraw From Your Employees' Provident Fund (EPF) Account

The subscribers can put a claim for 'advance' withdrawal online via EPFO's website - unifiedportal-mem.epfindia.gov.in.

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SBI Revises Fixed Deposit Interest Rates, Details Here

The bank will now offer an interest rate of 4.5per cent to general public and 5 per cent to senior citizens on fixed deposits of 7-45 days. Currently, the public sector bank paysinterest at the rate...

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Former Finance Minister Arun Jaitley Dies At 66

Mr Jaitley, 66, a senior leader of the Bharatiya Janata Party (BJP), stepped down as finance minister in January due to ill health, just months before elections.

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Have You Filed Your Income Tax Return? The Deadline Is 7 Days Away

The Income Tax Department has asked the assessees to complete the ITR filing process in due time.

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IndiGo Announces New International Flights, Check Details Here

Bookings for the new routes are available on IndiGo's official website- goindigo.in, the carrier said in the statement.

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Government Withdraws Enhanced Surcharge On Foreign Investors: 10 Points

Finance Minister Nirmala Sitharaman on Friday announced a slew of measures, including the rollback of big ticket budget announcements, to revive the economy, which clocked its lowest rate of growth in...

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Withdrawal Of Surcharge On Foreign Investors A Big Positive: Experts

The government announced measures to revive economic growth and markets including withdrawal of higher taxes for foreign portfolio investors.

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Government Scraps Higher Surcharge On Foreign Investors

Finance Ministry also decided to withdraw enhanced surcharge on short and long term capital gains arising from transfer of equity shares.

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Government Departments To Replace Old Vehicles To Boost Auto Sector

The Finance Minister said the government will lift the ban on its bodies from replacing the old vehicles.

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Moody's Lowers India's 2019 GDP Growth Forecast To 6.2%

The Moody's Investor Service report also cut India's gross domestic product (GDP) growth rate for 2020 by a similar 0.6 percentage points to 6.7 per cent.

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Gold Prices Near 39,000 Rupees: 10 Things To Know

Rising for fourth consecutive day, gold prices rose by Rs 25 on Friday to hit a record high of Rs 38,995 per 10 gram in the national capital, reported news agency Press Trust of India (PTI). Gold...

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India's Growth Much Higher Than Global Growth: Nirmala Sitharaman

"Global GDP growth is projected at 3.2 per cent and is probably going to be revised downwards," Ms Sitharaman said.

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Government Has Been Taking Bold Steps To Accelerate Economy: Rajiv Kumar

The government will continue to take bold steps to accelerate the economy, NITI Aayog Vice Chairman Rajiv Kumar said on Friday.

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IndiGo Announces New International Flights, Fare Details Here

Bookings for the announced routes are available on IndiGo's official website- goindigo.in, the carrier said in the statement.

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Sensex, Nifty Snap 3-Day Losing Streak Ahead Of Finance Ministry Briefing

Sixteen of 19 sector gauges compiled by BSE ended higher led by the S&P BSE Metal Index's 3.5 per cent gain.

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Nirmala Sitharaman To Hold Press Briefing Amid Stimulus Expectations

Several businessmen say the Prime Minister Narendra Modi-led government needs to take swift action on the economy, as the economic growth in January-March slid to a near five-year low of 5.8 per cent....

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India Inc Grows Impatient As Economy Dips And PM Modi Is Distracted

India's GDP growth in January-March slid to a near five-year low of 5.8% and most analysts expect data due later this month to show that growth in April-June faltered even further.

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Shapoorji Pallonji Group Plans Asset Sales to Cut Rs 4,000 Crore Debt

The 154-year-old group, controlled by billionaire Pallonji Mistry and his family, expects the deals to be clinched by March next year, a source said.

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Sensex Rebounds Over 700 Points From Day's Low, Nifty Tops 10,850

Buying in auto, IT, metal and energy shares pushed the markets higher in afternoon deals.

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Government May Exempt Foreign Investors From Super-Rich Tax: Report

Finance Minister Nirmala Sitharaman had proposed increasing the effective tax rate on individuals with taxable annual income of above Rs 2 crore($283,000) by about 3 per cent, and for those earning...

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Air India Owes Rs 4,500 Crore To Fuel Retailers, Say Officials

IOC, BPCL and HPCL more than a week back jointly wrote to Air India seeking expeditious clearance of the dues, failing which they will be constrained to take action.

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Finance Minister Seeks Fair Trade Whip On Global Firms Abusing Dominance

"CCI (Competition Commission of India) should take suo moto cognisance of global companies having no presence in India but abusing Indian consumers," Ms Sitharaman said on Friday.

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Government Bailouts A Moral Hazard, Says Chief Economic Adviser

"I think we expect the government to use taxpayers money to intervene every time there is a sunset phase," Mr Subramanian said.

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"Investor Confidence At A Historic High": NR Narayana Murthy

The comments from Infosys co-founder NR Narayana Murthy come at a time when the economy is facing its worst slowdown in nearly five years.

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Rupee Falls Below 72 Against Dollar

The rupee had closed at 71.81 to the US dollar on Thursday.

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Sensex Falls Over 250 Points, Nifty Below 10,700

The Sensex and Nifty had ended 1.6 per cent lower each on Thursday to settle at their lowest levels in at least five months.

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Unprecedented Situation For Government In 70 Years: Rajiv Kumar

The comments from the top economist come at a time the country's economy is facing the worst pace of growth in nearly five years.

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Fuel Supply To Air India Stopped At 6 Airports Over Non-Payment Of Dues

The oil marketing companies, led by Indian Oil, have stopped jet fuel supply at the Ranchi, Mohali, Patna, Vizag, Pune and Cochin airports.

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If Protectionism Rises, No One Will Escape Recession: Piyush Goyal

The Minister urged all World Trade Organisation (WTO) member countries to take up reforms and not deal with issues in a piecemeal manner.

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Rupee Ends At Over 8-Month Low Against Dollar: 10 Things To Know

The rupee on Thursday plunged by 26 paise and closed at an over eight-month low. The rupee opened weaker at 71.65 a dollar and touched an intraday low of 71.97 before ending at 71.81 against the...

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Auto Companies Cut More Jobs, Halt Production To Tackle Slowdown: Report

Toyota Motor and Hyundai Motor are the latest in a string of companies to halt production at plants to combat slumping sales, according to company memos.

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Britannia To Increase Prices To Combat Slowdown

The company is "watching the situation very closely and expecting a positive impact of the monsoon", said Vinay Subramanyam.

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Indian Railways Ticketing Arm Files For Public Offer

The issue comprises of two crore equity shares with a face value of Rs 10 each through an offer for sale.

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Gold Prices Extend Record Setting Spree To Third Straight Day

Gold prices rose for the third straight day on Thursday and continued its record-breaking run. Gold price hit a new high of Rs 38,970 per 10 grams, news agency Press Trust of India (PTI) reported. The...

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SBI ATM Withdrawal Rules And Charges For Services

State Bank of India or SBI, country's largest lender by assets, has a network of more than 50,000 ATMs (Automated Teller Machines) across the country. Customers can transact free of cost up to the...

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Coffee Day Denies Report Of ITC Buying Stake, Shares Rise 5%

As of Thursday's closing price, Coffee Day shares have risen21.37 per cent in four consecutive sessions.

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Sensex Slumps 587 Points, Nifty Below 10,750 As Markets Hit 6-Month Low

All but one sector gauges compiled by National Stock Exchange ended lower led by the Nifty Realty Index's 6 per cent plunge.

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Yuan Falls To Fresh 11-Year Lows On Trade War Worries

Prior to the market opening, the People's Bank of China (PBOC) set the midpoint rate at 7.049 per dollar prior to market open, weaker than the previous fix of 7.0433.

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Economy Doesn't Need Fiscal Stimulus To Tackle Slowdown: Top Official

The GDP growth in the fourth quarter of the last fiscal year came in at 5.8 per cent caused by slowdown in key sectors like agriculture, manufacturing and industry.

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RBI Minutes Revives Expectations For Further Policy Easing: Report

In an unusual move, the RBI on August 7 had reduced the repo rate by 35 basis points to 5.40 per cent amid concerns over slowdown in economy.

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What's Floccinaucinihilipilification? Ask Central Bank RBI

Central bank watchers were left scrambling this week for their dictionaries and Google searches to decipher parts of a speech by Governor Shaktikanta Das and minutes of the recent monetary policy...

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Sensex, Nifty Continue To Trade Lower; Metal, Realty Shares Worst Hit

Nine of 11 sector gauges compiled by National Stock Exchange were trading lower led by Nifty Realty Index's 4.3 per cent slump.

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Amazon Sets Up Its Biggest Global Office In Hyderabad

Hyderabad is the chosen destination of e-commerce giant Amazon to set up its biggest global office campus, and only the second one that it owns.

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Indians Taking Loans Against Family Gold For Quick Funds As Banks Refuse

Those pawning their precious possessions are most often independent workers, including farmers and small shop owners.

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Deadline For Filing Income Tax Return Is Just 9 Days Away: 10 Points

Every person not subject to tax audit provisions under Income Tax Act is required to furnish an Income Tax Return (ITR), according to Income Tax department's e-filing website-...

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Sell Aurobindo Pharma; Buy Aditya Birla Fashion: Choice Broking

Choice Broking has recommended selling Aurobindo Pharma in the range of Rs 589.90 and up to Rs 593 for target price of Rs 565 with stop loss at Rs 603.

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Sensex Sheds Over 250 Points As Selloff In Financials, Metals Deepens

Domestic stock markets registered sharp losses on Thursday hurt by a selloff across sectors. The S&P BSE Sensex index fell as much as 259.19 points to 36,801.18, and the broader NSE Nifty benchmark...

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Timings For RTGS Payment System To Change From August 26

With effect from August 26, the RTGS system for customer transactions will open at 7 am, instead of the present 8 am. "In order to increase the availability of the RTGS system, it has been decided to...

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Nifty Dips Below 10,900 As Financials, Metals Weigh: 10 Things To Know

Domestic stock markets started Thursday's session on a lower note, after two days of losses, while Asian peers were largely unmoved amid concerns about the changes of global fiscal stimulus. The S&P...

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As Sales Rise, Petrol Import In July Touches Highest Level Since 2011

Crude oil imports into the world's third-largest consumer declined 1.2 per cent from a year earlier to 19.34 million tonnes, but increased 14.6 per cent from the previous month.

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IndiGo Announces New Flights, Offers Tickets From Rs 2,059

Customers willing to avail the services can book flight tickets via IndiGo's official website- goindigo.in, the carrier said.

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Sebi Eases Norms For Foreign Portfolio Investors

The Sebi in its board meet on Wednesday also decided to allow offshore funds of Indian mutual funds (MFs) to invest as FPIs.

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India's Growth May Slow Down To 5.7% In April-June: Nomura

The report attributed the slowdown to the ongoing crisis in shadow banks, which were funding the consumption drive before liquidity crisis hit them.

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Delhi Ranked As 10th Fastest Growing Market Globally: Knight Frank

The capital region, by virtue of its limited supply of luxury properties, saw a 4.4 per cent rise in weighted average of capital values.

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Gold Prices At An All-Time High On Increased Demand: 10 Points

Rising for second day in a row, gold prices registered a new record high on Wednesday. Gold prices rose by Rs 50 to hit an all-time high of Rs 38,820 per 10 gram in Delhi, news agency Press Trust of...

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Latest Interest Rates Charged By SBI On Loans, Other Details

State Bank of India or SBI, the country's largest lender, has announced a slew of offers across different product categories such as car loan, personal loan, education loan and home loan. The bank...

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Sensex, Nifty Decline For Second Day; Tata Motors, Yes Bank Top Losers

All the 11 sector gauges compiled by National Stock Exchange ended lower led by the Nifty PSU Bank Index's 3 per cent drop.

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Amazon, Taking On Walmart in India, Opens Largest Campus In Hyderabad

Built in Hyderabad over three years, the new campus is Amazon's first owned building outside of the United States, spans 1.8 million square feet of office space and will accommodate 15,000 workers.

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ITC, Asia's Top Cigarette Maker, Considers Stake In Coffee Day: Report

Coffee Day is under pressure to pare borrowings after its founder VG Siddhartha took his own life as debt strains began to emerge in his companies.

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SBI Offers Repo-Linked Home Loan Starting At 8.05% Interest Rate

SBI had earlier linked its savings bank deposits and short-term loans to the repo rate, becoming the first Indian bank to do so.

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Tata Motors Shares Slump To Lowest In 17 Years

Domestic passenger vehicles sales in India plunged 30.98 per cent to 2,00,790 units last month, data from industry body SIAM showed last week.

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Alibaba Delays Up To $15 Billion Hong Kong Listing Amid Protests: Report

The decision to postpone the deal was taken at a board meeting before Alibaba's earnings release last week, according to the report.

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NSE Revises Criteria For Inclusion Of Stocks In Nifty Indices

The revision will come into effect from the forthcoming review of equity indices. The changes in the eligibility criteria have been made after a review by the Index Maintenance Sub-Committee of NSE...

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Sensex, Nifty Erase Gains; Metal, Realty Shares Worst Hit

All but one sector gauges compiled by National Stock Exchange were trading lower led by the Nifty Metal Index's over 2 per cent decline.

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Government Has Not Set A Deadline To Launch Electric Vehicles: Report

The country's auto industry has been caught in the middle of slowing economic growth that has led to a slump in demand for vehicles, forced plant shutdowns and large layoffs.

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Parle Could Lay Off 10,000 Workers Amid Slowdown: Report

The news comes as a slowdown in Asia's third-largest economy has hit demand for everything from automobiles to retail products, forcing companies to curtail production and recruitment, while raising...

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Sell REC, Buy Intellect Design, Great Eastern Shipping: Choice Broking

Choice Broking has recommended selling REC Ltd. in the range of Rs 144.50 and up to Rs 146 for target of Rs 138 with stop loss at Rs 148.70.

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10 Days Left To File Your Income Tax Return And Avoid Penalty

After e-filing, users can also find information on the status of their submission through the Income Tax Department's website.

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Sensex Jumps Over 150 Points From Day's Low, Nifty Tops 11,000

Gains in financial and automobile stocks helped the markets recover early losses.

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Oil Price Rises Above $60 A Barrel After A Week As US Inventories Drop

Brent crude had gained 32 cents, or 0.50 per cent, to $60.35 a barrel by 9:33 am, after settling 0.5 per cent higher on Tuesday.

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Sensex Falls Over 50 Points, Nifty Slips Below 11,000

Selling pressure in financial, fast-moving consumer goods and metal stocks dragged the markets lower.

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How Wow! Momo Grew From 1 Table To 274 Stores In 11 Years

Headquartered at Jadavpur, where it all started in 2008 with a kitchen, two cooks and a table, Wow Momo Foods today fully owns and operates 271 outlets.

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Mukesh Ambani's $4 Billion Investment Hurt By Glut In Natural Gas

The 10 synthetic gasifiers that make up the project are now finally commissioned. But the imported LNG they're meant to displace has fallen from about $15 per million British thermal units in 2012 to...

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Bail Denied To 2 Former Officials In IL&FS Money Laundering Case

Former joint MD of the company, Arun K Saha, and MD of transportation network, K Ramchand, who were arrested in June.

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Centre Extends Temporary Allocation Of Jet Airways' Slots, Flying Rights

Jet Airways is undergoing insolvency proceedings and at least three entities have put in initial bids for the carrier.

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DBS Bank To Enter India's Credit Card Market In 2020

The latest data from May showed 48.9 million credit card users in the country, compared with some 825 million with debit cards.

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Rupee Extends Slide Against Dollar, Hits Fresh 6-Month Low: 10 Points

The rupee depreciated for second day in a row and fell 28 paise to close at a new six-month low against the US dollar. In the intraday trade rupee fell to a day's low of 71.80 before settling at 71.71...

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Gold Prices At Record High In India, Sales Drop Before Festival Season

The government increased the import tax on gold in July, which pushed domestic prices to an all-time high of Rs 38,666 per 10 grams last week.

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Buy Gold 'At Any Level', Prospects Are Up, Up, Up: Mark Mobius

"Gold's long-term prospect is up, up and up, and the reason why I say that is money supply is up, up and up," Mr Mobius said.

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Resolve Stressed Assets In Time For Maximum Value, Says RBI

The new framework stresses coordination between banks while dealing with a stressed assets by mandating them to sign inter-creditor agreements.

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Gold Prices Hit New Record High: 10 Things To Know

Gold prices on Tuesday touched a new record high of Rs 38,770 per 10 grams in Delhi, news agency Press Trust of India (PTI) reported. Gold prices jumped by Rs 200 despite weak trend overseas as the...

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Rupee Declines By 34 Paise Against Dollar Amid Rising Oil Prices

The rupee extended decline for second straight day and fell as much as 34 paise or 0.53 per cent to 71.81 against the dollar. The rupee ended 71.43, its lowest level in more than six months in trade...

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Sensex, Nifty Snap Three-Day Winning Streak Dragged By Banks

The Sensex ended 74 points or 0.2 per cent lower at 37,328 and the NSE Nifty 50 Index declined 37 points or 0.3 per cent to close at 11,017.

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DHFL Reports Fresh Default On Payment Obligations Of Rs 1,571 Crore

DHFL is the fourth-largest Indian housing finance company based on loans outstanding as of March.

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SBI Removes Processing Fee On Car Loans

The announcement by State Bank of India comes at a time when passenger vehicle sales in the country declined for the ninth month in a row to July.

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SBI Removes Processing Fee On Car Loans

The announcement by State Bank of India comes at a time when passenger vehicle sales in the country declined for the ninth month in a row to July.

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Nifty Falls Below 11,000, Sensex Down Over 150 Points As Banks Drag

Eight of 11 sector gauges compiled by National Stock Exchange were trading lower led by the Nifty PSU Bank Index's 2.6 per cent fall.

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SBI Waives Processing Fee On Car Loans Ahead Of Festival Season

SBI said it is offering the lowest interest rate starting 8.70 per cent on car loans, with no escalation in interest.

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Government Panel Recommends Across Board Corporate Tax Cut To 25%: Report

Government imposes a 30 per cent corporate tax rate on domestic companies and 40 per cent on foreign firms.

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Genpact Hikes Salaries Of India Content Team Working For Facebook

As of February, Genpact employed more than 1,600 employees in its Facebook teams in Hyderabad, more than 10 per cent of the 15,000 the social network said were working on content moderation worldwide.

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US Government Assures Level Playing Field To American Tech Firms In India

Industry executives with direct knowledge said it wasn't common to receive such letters from the US administration.

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3 Out Of 4 Economists Predict A US Recession By 2021, Survey Finds

The outlook reflects growing skepticism among economists and investors that the US economy will be able to withstand a protracted trade war with China without serious harm amid the weakening global...

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Sterling And Wilson Solar Makes Weak Debut On Stock Markets

Sterling and Wilson IPO listing: Sterling and Wilson Solar sold equity shares in the price band of Rs. 775-780. The initial public offer of Sterling & Wilson Solar was subscribed 92%.

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Sensex, Nifty Erase Early Gains Amid Selloff Across Sectors Except IT

Domestic stock markets gave up early gains on Tuesday amid a selloff across sectors barring information technology stocks, despite gains in Asian peers. The S&P BSE Sensex index first rose as much as...

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Sensex Rises Over 50 Points, Nifty Holds 11,050

The Sensex and Nifty had ended 0.14 per cent and 0.06 per cent higher respectively on Monday, extending recent gains to a third straight day.

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Reliance Industries' Aramco Deal To Lower Its FY21 Earnings: Report

RIL plans to sell a 20 per cent stake at an enterprise value of $75 billion. It will also source 500 kbpd of oil from Saudi Aramco.

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Corporate Tax To Be Cut Gradually: Nirmala Sitharaman

In her Budget speech, Finance Minister had cut corporate tax for companies with annual turnover of up to Rs 400 crore to 25% from 30% earlier.

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India's Hiring Slows Down As Economy Cools: Care Ratings Study

Total employment increased from 5.44 million as of March 2017 to 5.78 million in 2018, which is an increase of 6.2 per cent, according to the Care.

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Rupee Closes At Over 6-Month Low Against Dollar: 10 Things To Know

The rupee fell by 29 paise to close at an over six-month low against the US dollar on Monday, news agency Press Trust of India (PTI) reported. The fall came on the back of growing worries over...

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Vodafone Idea Names Ravinder Takkar As CEO

Ravinder Takkar has been appointed for three years effective August 19.

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Gold Prices Recede From Record High: 10 Things To Know

Gold prices on Monday fell by by Rs 100 to Rs 38,570 per 10 grams in Delhi, news agency Press Trust of India (PTI) reported. The yellow metal fell on weak trend overseas and tepid demand from...

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ANZ Lowers India Growth Forecast To 6.2% In 2019-20

The forecasts all badly lag the government's longer-term target of getting the economy humming at rates above 8 per cent.

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Government-Appointed Task Force On Direct Tax Code Submits Report

The task force was assigned to draft direct tax laws in line with the norms prevalent in other countries, incorporating international best practices, and keeping in mind the economic needs of the...

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Auto Component Makers Declare Non-Working Days Amid Slowdown

Last week, an estimated 3.5 lakh people were estimated to have lost their jobs due to the slowdown in the auto sector.

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Axis Bank Reduces Key Lending Rates Across All Tenors

Axis Bank has reduced its MCLR or marginal cost of funds-based lending rates by up to 10 basis points or 0.10 percentage point.

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Sensex, Nifty Gain For Third Straight Day Led By RIL, ICICI Bank

Twelve of 19 sector gauges compiled by BSE ended higher led by the S&P BSE Consumer Durables Index's 1.6 per cent gain.

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RBI Considers Linking Some New Bank Loans To Benchmark Rate

Commercial banks cite high deposit rates for their inability to cut loan ones. Marginal reductions restrict how much borrowers benefit from the repo cuts.

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Ujjivan Small Finance Bank Files For Rs 1,200-Crore IPO

Ujjivan Small Finance Bank Limited has proposed an initial public offer (IPO) worth Rs 1,200 crore, its promoter Ujjivan Financial Services Limited said on Friday. Ujjivan Small Finance Bank's public...

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Sensex, Nifty Off Day's Highs As Auto, Oil & Gas Shares Decline

Thirteen of 19 sector gauges compiled by BSE were trading higher led by the S&P Consumer Durables Index's 1.3 per cent gain.

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Important To Look At Financial Stability With Growth: Shaktikanta Das

RBI Governor Shaktikanta Das said he expected banks to move quicker on linking the lending rates with the central bank's repo rate towards better transmission to support consumption and demand.

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Uber Appoints Melinda Roylett As New UK Head

Melinda Roylett begins in her role on Monday, replacing Tom Elvidge, who moved to co-working space firm WeWork earlier this year.

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Sensex, Nifty Extend Gains; Sun Pharma, Larsen & Toubro Top Gainers

Nine of 11 sector gauges compiled by National Stock Exchange were trading higher led by the Nifty Pharma index's 1.7 per cent gain.

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How The World's Wealthiest Family Invests Its Fortune

Their high-profile investments mark a change from the previous generation, who are now in their late 60s and 70s.

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Sun Pharma Surges On Agreement To Sell Generic Drugs In China

Sun Pharma has entered into an agreement with China Medical System Holdings to develop and commercialize seven generic products in Mainland China.

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Buy ITC, Titan Company, Jindal Steel, Says Choice Broking

Market tips: Choice Broking has recommended buy on Titan for target price of Rs 1,170 with stop loss at Rs 1,030 after a healthy correction.

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Sensex Rises Over 200 Points, Nifty Above 11,100

Top percentage gainers on the 50-scrip index were Indiabulls Housing Finance, Sun Pharma, Titan, Dr Reddy's, Yes Bank and JSW Steel.

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Tim Cook "Made A Good Case" That Tariffs Could Hurt Apple: Donald Trump

Tariffs on an additional $300 billion worth of Chinese goods, including consumer electronics, are scheduled to go into effect in two stages on September 1 and December 15.

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Nifty Futures Indicate Flat Start For Indian Markets; Sun Pharma In Focus

Sun Pharma will be in focus today as it signed an agreement with China Medical System Holdings for generic products sale in Mainland China.

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India Post Payments Bank Savings Accounts: Interest Rate And Other Details

India Post Payments Bank offers a range of services such as money transfer, direct benefit transfers, bill and utility payments, and enterprise and merchant payments.

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Credit Demand Subdued, Economy Needs Stimulus, Says SBI Chairman

Increased spending by the government and the upcoming festival season would boost demand, said Rajnish Kumar.

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Despite Low Demand, Crude Oil Prices Seen Rising

Currently, the global economy is witnessing a major slowdown and economies like China, Germany and India have reported declining factory output.

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Expected Fiscal Stimulus, US-China Trade War To Guide Markets: Experts

Analysts opined that investors are awaiting a stimulus package and relief for foreign portfolio investors (FPIs) from the super-rich surcharge which was announced in the Budget in July.

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Zero Balance Account: Interest Rate, Facilities Offered By Top Banks

Zero Balance Savings Account: Customers get a number of facilities such as debit and ATM cards and internet banking with the account.

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Auto Industry Bets Big On Scrappage Policy To Revive Demand

Automobile industry's representatives have sought an 'End of Life' policy from the central government as a measure to arrest the falling sales.

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Sectoral Policy Intervention In Works To Address Economic Slowdown: Report

There will be relief to the sectors in stress through policy interventions like for the auto sector, according to the report.

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Post Office Saving Schemes That Offer Over 8% Interest Rate

Post office saving schemes: The senior citizen scheme is for people above 60 years of age while Sukanya Samriddhi scheme is meant for a girl child.

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Coffee Day Group Says Outstanding Debt At Rs 4,970 Crore

The company has requested the lenders and creditors to give it time to honour the commitments and unlock the potential value of its assets.

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Interest Rate, Withdrawal Rules Of Employees' Provident Fund (EPF)

In an EPF account, the employee contributes 12 per cent of his or her salary (basic wages, dearness allowance and retaining allowance) towards the account, and an equal amount is contributed by the...

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All You Need To Know About Post Office ATM-Cum-Debit Card

India Post pays interest at the rate of 4 per cent per annum on deposit in its savings account in the current quarter.

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SBI Tax Saving Fixed Deposit: Interest Rate, Lock-In Period, Key Features

Most commercial banks in the country such as State Bank of India (SBI) offer income tax benefits under a special type of fixed deposit (FD) account. This income tax benefit can be availed by the...

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How To Invest In Sovereign Gold Bonds? Other Details Here

Sovereign gold bond (SGB) scheme, a government-run scheme, allows gold investments in non-physical form. The Sovereign Gold Bond (SGB) scheme comprises government securities denominated in gold...

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Income Tax Return Filing Deadline 2 Weeks Away, Here's A Quick Guide

The I-T department provides various forms for income tax assessees to file their ITR or income tax return.

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Airlines Announce New Routes, Discounts On Flight Tickets

The announcement by airlines comes amid high competition in the country's civil aviation market.

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Transport Industry Puts On Hold Buying New Vehicles, Seeks Bail Out

In the last month, only 56,866 commercial vehicles were sold and after this announcement many feel that too may stop.

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High Prices Dent Gold Buying In Asia, Silver Remains Attractive

In top gold consumer China, premiums eased slightly to $6-$9 per ounce over the benchmark, from $9-$10 last week.

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Rupee Rises 13 Paise Against Dollar Despite Foreign Outflows

On a weekly basis, the rupee lost 36 paise primarily due to heavy losses on Tuesday due to trade war concerns.

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A Recession Will Come. How Bad Will It Be?

There have been 11 recessions since World War II. On average, they lasted 11.1 months, according to the official scorekeepers at the National Bureau of Economic Research.

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Economic Stimulus Decision Unlikely Before Monday: Report

Prime Minister Narendra Modi on Thursday held a meeting with officials to discuss steps to arrest a slowdown, the source added.

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Cathay Pacific Chief Executive Officer Rupert Hogg Resigns

Mr Hogg has been replaced by Augustus Tang, a veteran of the Swire Group conglomerate, Cathay Pacific's main shareholder.

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Government Has Limited Scope To Provide Fiscal Stimulus: Report

The report also added that the overall market valuations offer little in terms of investment inputs currently.

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Sensex, Nifty End Volatile Session On A Flat Note

Share markets on Friday: Seven of 11 sector gauges compiled by National Stock Exchange ended higher led by Nifty Auto Index's 1 per cent gain.

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Sensex Surges 470 Points From Day's Low Led By ITC, Axis Bank

Seven of 11 sector gauges compiled by National Stock Exchange were trading higher led by the Nifty Auto Index's 0.8 per cent gain.

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Hero MotoCorp Manufacturing Plants To Remain Shut Till August 18

Auto sector is one of the worst hit sectors in India due to the lack of consumption. The sectors has seen massive loss of jobs in just the last few quarters.

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IDBI Bank Hits 52-Week Low After Earnings Announcement

On the National Stock Exchange (NSE), the IDBI Bank stock price declined as much as 11.94 per cent to quote at Rs 23.95 apiece at the day's weakest point, compared to its previous close of Rs 27.20.

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Oil Prices Rise Over 1% To Break Two-Day Fall As Recession Fears Recede

Gains are likely to be capped after a week of data releases including a surprise drop in industrial output growth in China to a more than 17-year low, along with a fall in exports that sent Germany's...

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Indiabulls Housing Finance Shares Fall Nearly 10% On Moody's Downgrade

On the Bombay Stock Exchange, the share price of the company declined as much as 9.66 per cent to touch the Rs 498 mark at the day's lowest point.

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Sensex, Nifty Trim Losses As Buying Emerges In Auto Stocks: 10 Points

Domestic stock markets trimmed losses in late morning deals on Friday as buying emerged in automobile stocks, amid losses in global peers. At 11:00 am, the S&P BSE Sensex index traded 100.24 points -...

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India's Payment Apps Race To Catch Up With China In Squeezing Out Cash

In India, digital payments have climbed more than five times since 2015 to 22.4 transactions per person in the year ended March, Reserve Bank of India figures show.

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Mukesh Ambani Enlists His Children To Drive Modernisation Of Empire

Over the coming decades, billions of dollars in wealth will be handed over to yet another generation in family-controlled businesses across Asia.

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Sensex Falls Over 250 Points, Nifty Near 10,950

The Sensex and Nifty had ended 0.96 per cent and 0.95 per cent higher on Wednesday, staging a sharp recovery after the worst day of August.

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With Earnings Behind, Market Volatility Can Be Expected: Analysts

With one trading session left, domestic stock markets are set to finish the week on a lower note. While the S&P BSE Sensex index has shed 270.38 points - or 0.72 per cent - in the two days in the...

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IndiGo Commences New Route, Offers Tickets From Rs 3,999

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

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Most Asian Currencies Worsen In Past Two Weeks: Poll

Investors switched to go short on Indonesia's rupiah, the Indian rupee, Malaysia's ringgit and the Philippine peso, according to a poll of 13 respondents.

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Sun Pharma In Rs 240-Crore Licensing Pact With IICT Hyderabad

The deal is for patents related to certain compounds with potential therapeutic activity across multiple indications in Sun Pharma's specialty focus areas, the Mumbai-based pharmaceuticals company...

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You Have To Pay These Penalty Charges For Missing Income Tax Deadline

Penalty charges for missing income tax deadline: Return of income which doesn't get furnished on or before the specified due date is called belated return. A belated return of income is furnished...

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Dow Suffers Worst Day Of 2019 As Recession Fears Hit European Stocks

The Dow suffered its worst day of 2019, finishing with a loss of some 800 points, or 3.1 percent, at 24,479.42, while leading European bourses shed more than two percent.

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India Verifies WhatsApp Compliance Before Payments Service Approval

Rules require WhatsApp to submit a third-party auditor report that all data involved in payments will be only stored on servers in India.

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Income Tax Return: How To File ITR, Know All About Belated Returns

Under the Income Tax law, different forms of returns are prescribed for different classes of taxpayers. The return forms are known as ITR forms.

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In Relief To ATM Users, Non-Cash Transactions Wont Attract Charges Now

The Reserve Bank of India (RBI) has asked banks not to treat failed transactions at ATMs or non-cash withdrawal transactions such as balance enquiries or cheque book requests as part of "five free...

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ATM Transactions Failed Due To Technical Reasons Won't Be Counted: RBI

ATM rules: The RBI said it has come to its notice that transactions that have failed due to technical reasons or non-availability of cash in the ATM are also included in the free ATM transactions in a...

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IL&FS May Not Have Disclosed Bad Loans For Years: RBI Report

The government took control of IL&FS late last year after it defaulted on some of its debt, triggering wider concerns about risk in the rest of the country's financial system.

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Edelweiss Financial To Raise $125 Million From US-Based Kora Management

Kora will invest $75 million in Edelweiss Financial's advisory business and a further $50 million in Edelweiss Group, the shadow bank said.

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Trade Deficit Narrows To $13.43 Billion In July

Oil imports declined 22.15 per cent to $9.6 billion, and non-oil slipped by 5.92 per cent to $30.16 billion.

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Rupee Off 6-Month Lows, Ends At 71.27 Against Dollar: 10 Things To Know

The rupee rose to end at 71.27 against the dollar on Wednesday, rebounding from a nearly six-month low registered the previous day. After opening higher against the greenback at 71.00, the rupee...

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Monsoon Rains Above Average For Third Straight Week, Says Weather Office

Monsoon rains are crucial for farm output and growth as the agricultural sector forms about 15 per cent of the country's $2.5-trillion economy.

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Gold Prices Fall By 425 Rupees On Easing Demand: 5 Things To Know

In Delhi, gold of 99.9 per cent and 99.5 per cent purity declined by Rs 425 each to Rs 37,945 and Rs 37,775 per 10 grams, respectively.

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Reliance Industries' Stake Sale To Saudi Aramco Credit Positive: Moody's

In addition, RIL has announced it will sell a 49 per cent stake in its fuel marketing business in India to BP plc for $1 billion.

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IL&FS Cuts 43% Of Workforce Since October To Bring Down Costs

The company said that the measure has helped reduce its wage bill by nearly 47 per cent.

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Coffee Day Enterprises To Sell Bengaluru Tech Park To Blackstone

Coffee Day said it entered a non-binding letter of intent with US-based private equity firm Blackstone for the sale.

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How To File An Online Claim For Provident Fund Withdrawal? Other Details

In order to file an online claim for partail withdrawal from EPF corpus, subscriber should have activated his/her Universal Account Number (UAN) and the mobile number used for activating UAN should be...

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Sensex, Nifty Stage Sharp Recovery Led By Gains In Metal Shares

All the 19 sector gauges compiled by BSE barring the S&P BSE Healthcare Index ended higher led by the S&P BSE Metal Index's 2.7 per cent gain.

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ICICI Bank Revises Fixed Deposit Interest Rates From Today

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

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Tata Motors To Go For Third Closure From August 16: Report

Tata Motors went for a day closure on August 1. It went for three block closure from August 8-10 and third block will be from August 16.

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Bond Rally Cut Shorts On Government Spending Fears

Since February, the Reserve Bank of India has cut the key policy rate by 110 basis points, which has pushed bond yields down significantly.

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Wholesale Inflation Eases To 1.08% In July

The wholesale inflation data comes a day after separate official data showed consumer inflation (gauged by the Consumer Price Index) eased to 3.15 per cent last month, from 3.18 per cent in June.

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Rupee Rebounds From 6-Month Low, Rises 55 Paise: 10 Things To Know

The rupee rebounded from the six-month low and rose as much as 55 paise - or 0.77 per cent - against the dollar on Wednesday. Analysts say positive opening in domestic equity market and easing crude...

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Opinion: Mukesh Ambani Cutting Reliance Debt Is Bad Omen For Economy

A $22 billion reduction in net debt (to reach zero) will require more than Aramco's cash.

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CBS, Viacom To Reunite With Plans For Bigger Role In Streaming TV Wars

The new company will be named ViacomCBS Inc, although CBS shareholders will own 61 per cent and Viacom shareholders will own 39 per cent.

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Foreign Investors Face Wipeout As Rupee Becomes Asia's Worst Performer

Any sell-off in foreign holdings of Indian corporate and government bonds may set off a spin which weakens the currency further.

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Here's A Comparison Of Monthly Average Balance Requirements In Top Banks

Banks such as State Bank of India (SBI), HDFC and ICICI Bank charge a penalty from the customers failing to maintain the required monthly average balance in their savings accounts.

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Sensex Rises Over 150 Points, Nifty Above 10,950

The Sensex and Nifty had closed 1.66 per cent and 1.65 per cent lower respectively on Tuesday, hurt by a selloff across sectors barring energy shares.

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Consumer Inflation At 3.15% In July

The RBI projects retail inflation at 3.1% in the second quarter and 3.5-3.7% in the second half of the current financial year.

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Indian Startup With New Version Of Call Centres Raises $51 Million

Umesh Sachdev, 33, founded the company in 2008 with his engineering classmate Ravi Saraogi.

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Gold Prices Fall After Touching Record High: 10 Things To Know

Gold prices on Tuesday fell from the record-high level it touched yesterday. Gold prices fell by Rs 100 to Rs 38,370 per 10 grams in Delhi, reported news agency Press Trust of India (PTI). The rates...

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How To Open Regular Savings Account In Post Office

India Post pays interest at the rate of 4 per cent per annum on deposit in its savings account in the current quarter, according to India Post. A savings account can also be opened jointly by two or...

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Sensex, Nifty Break Two-Day Winning Run

HDFC, HDFC Bank and Infosys were the top drags on Sensex.

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Indiabulls Housing Finance Shares Jump 14% On Law Firm's Public Apology

The law firm had earlier alleged that Indiabulls was involved in misappropriation of public money to the tune of Rs 98,000 crore.

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Sun Pharma Profit Up 31% At Rs 1,387 Crore In June Quarter, Shares Jump

Shares in Sun Pharma jumped as much as 5.43 per cent after the earnings announcement.

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Bosch's Indian Unit Says Outlook For Auto Industry "Extremely" Challenging

Bosch, the latest firm to flag weak conditions in the Indian auto market, said its automotive sales dived 17.5 per cent in the June quarter.

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Major Subsidies At 51% Of Budget Estimates Till June

The urea subsidy as on June-end at Rs 19,482.99 crore has galloped to 39 per cent of the BE of Rs 50,154 crore.

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Sensex Falls Over 300 Points, Nifty Near 11,000; RIL Shares Outperform

Mid- and small-cap shares were also witnessing selling pressure as the Nifty Midcap 100 Index dropped 1.5 per cent.

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Special Cell To Deal With Cases Of Amrapali Homebuyers Top Court Told

On July 23, the top court cancelled the real estate company Amrapali Group's RERA's licence and appointed NBCC to complete all pending projects.

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Car Sales Slump 36% In July Amid Deepening Auto Sector Crisis: 10 Points

Domestic passenger vehicles sales in India stood at 2,00,790 units last month, marking a year-on-year decline of 30.98 per cent, data from industry body SIAM or Society of Indian Automobile...

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PVR, Inox Shares Hit By Reliance's 'First Day-First Show' Plan

In its statement, Inox said that the exclusive theatrical window is a model that is followed internationally, in order to ensure the robust financial viability of all the segments of the sector, and...

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RIL Jumps Most In A Decade After Mukesh Ambani Reveals Zero-Net-Debt Plan

Reliance Industries' billionaire chairman, Mukesh Ambani, unveiled plans to launch cut-price home internet services across the country next month.

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Aramco To Acquire 20% In Reliance Industries' Oil-To-Chemicals Business

The deal values Reliance Industries' oil-to-chemical business at $75 billion, an approximate amount of Rs 5.3 lakh crore.

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Vodafone Idea, Bharti Airtel Slump On Reliance Industries JioFiber Push

The JioFiber services will start from September 5 on the third anniversary of Jio's launch, Mr Ambani added.

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Passenger Vehicle Sales Slump 31% In July

The country's automakers sold a total of 200,790 passenger vehicles in July, according to data released by SIAM.

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Reliance Industries Shares Surge On Mukesh Ambani's Plan To Slash Debt

The company will also start preparing to list its retail and telecommunications units within five years, billionaire Mukesh Ambani said.

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Donald Trump's New Rule Could Cut Legal Immigration In Half: Advocates

The long-anticipated rule, pushed by Donald Trump's leading aide on immigration, Stephen Miller, takes effect October 15.

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Reliance Industries Shares Jump Nearly 10% After Aramco Deal Announcement

RIL shares were the top percentage gainer on the BSE benchmark in morning session.

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Saudi Aramco to Help Mukesh Ambani Cut Company's Rs 1.5 Lakh Crore Debt

The company will also start preparing to list its retail and telecommunications units within five years, Mr Ambani said.

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Sensex falls over 150 points, Nifty Slides Below 11,100

Last Friday, the Sensex and Nifty had ended 0.68 per cent and 0.70 per cent higher respectively, rising for a second straight day.

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Why India's First $10 Billion Foreign Bond Sale Plan May Falter

The fear is that India may tread the well-worn paths of other developing countries such as Argentina and Greece who were saddled with sizable foreign borrowings after they failed to balance their...

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Jet Airways Sale Suffers Setback As Potential Investors Back Out

Etihad Airways, which already owns a minority stake in Jet, said it was not interested in reinvesting in the airline.

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Reliance-Microsoft Cloud Tie-Up Poses Threat To Amazon, Google: Analysts

The Indian cloud market is expected to grow at an average 23 per cent annually over the next five years to touch $5.6 billion.

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Property Consultant Says Prices In J&K May Rise After Article 370 Removal

However, the consultant said that security concern may keep prospective property buyers at bay for now.

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Mukesh Ambani Says Ongoing Slowdown "Temporary"

The statement comes at a time when the growth of the Indian economy has slowed and consumption is significantly low in several sectors.

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World Economy Seen Entering Recession In 3 Quarters: Morgan Stanley

Escalation in trade tension between the two largest economies -- US and China -- is the chief factor nudging the world economy towards a recession.

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Gold Prices Return To Recent Record Level: 10 Things To Know

Gold prices on Monday again touched the all-time high mark of Rs 38,470 per 10 grams in Delhi, news agency Press Trust of India (PTI) reported. The yellow metal advanced by Rs 50 on fresh buying from...

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Removal Of Corporate Social Spending Could Aid Growth: Bibek Debroy

Bibek Debroy said that steps such as a three-rate Goods and Services Tax (GST) structure and removal of corporate social responsibility spending could be among the options to revive the economy.

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E-commerce Platform Meesho Raises $125 Million In Funding

The Meesho platform allows re-sellers of everything from jewellery to mobile phones to reach prospective customers via social media platforms such as Facebook, WhatsApp and Instagram.

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PM Talks Of Surplus Global Money, Hints At Sovereign Bond Plan: Report

Government needs funds for its infrastructure and borrowing overseas makes lot of investment economically viable, PM Modi said in an interview.

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Saudi Aramco To Buy Reliance Industries Stake; Reports 12% Earnings Fall

Aramco said it had a crude output of 10 million barrels a day in the first six months of the year, little changed from a year earlier.

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Saudi Aramco To Buy 20% In Reliance Industries' Petrochem Unit: 10 Points

Reliance Industries chairman and managing director Mukesh Ambani said on Monday that Saudi Aramco will buy a 20 per cent stake in his group's oil-to-chemical business. The deal values Reliance...

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Won't Express Interest In Reinvesting In Jet Airways, Says Etihad

Etihad acquired a 24 per cent stake in Jet in 2013, at a time when Jet Airways needed significant financial support.

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Reliance Industries To Become Zero Debt Firm In 18 Months: Mukesh Ambani

The statement came in the wake of rising debt at the group level that reached a level of group Rs 1,54,478 crore in the last financial year.

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Reliance Industries ''New Commerce'' To Digitally Connect Grocery Stores

Speaking to shareholders at RIL's 42nd Annual General Meeting, Mr Ambani said that the trials of Reliance Retail's digital commerce venture have delivered positive results.

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Free Televisions, Set-Top-Boxes In JioFiber Welcome Offer: Mukesh Ambani

JioFiber customers who opt for our annual plans which the company calls Jio-Forever plans, will get an HD or 4K LED television and a 4K set-top-box absolutely free.

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What Microsoft CEO Satya Nadella Said At Reliance Industries AGM

Microsoft CEO Satya Nadella said: "It is such an incredible time to embark upon this partnership together."

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Reliance Jio Announces Rs 500 Unlimited International Calling Pack

Reliance Industries held its 42nd Annual General Meeting on Monday.

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Mukesh Ambani Says Jio Customer Base Has Crossed 340 Million: Full Speech

Reliance Industries chairman and managing director Mukesh Ambani addressed shareholders at the conglomerate's 42nd annual general meeting on Monday.

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Biggest Foreign Investment In Reliance History: Mukesh Ambani On New Deal

Reliance Industries Ltd is set to sell a 20 per cent stake in its oil to chemicals business to Saudi Aramco in one of the largest ever foreign investments in the country, Reliance Chairman Mukesh...

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Jio Has Truly Become Largest Retailer Of India, Says Mukesh Ambani

Reliance Industries conducted its 42nd Annual General Meeting on Friday.

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BSNL Hoping To Recover Rs 3,000-Crore Dues In 2-3 Months: Chairman

Bharat Sanchar Nigam Ltd (BSNL) is eyeing increased earnings from renting out its premises at various locations - the target for rental income has been set at about Rs 1,000 crore this year.

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Stock, Forex Markets To Remain Closed On Monday

The 10-year benchmark bond yield ended at 6.49 per cent, while the rupee settled at 70.79 to the dollar.

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These Post Office Saving Schemes Offer Income Tax Benefits

Using these post office saving schemes, an investor can claim a deduction up to Rs. 1.5 lakh in a financial year from taxable income.

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Nirmala Sitharaman Meets Real Estate Developers, Homebuyers

The major subjects discussed in the meeting included liquidity problems and completion of stalled projects.

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IL&FS Seeks Tribunal Approval For Sale Of Wind Energy Arm

IL&FS had already received approval earlier last month for the sale of its wind energy business from Justice (Retired) DK Jain, appointed by the National Company Law Appellate Tribunal (NCLAT) to...

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Want To Open A Zero Balance Savings Account? Here's What Top Banks Offer

Major commercial banks such as public sector lender State Bank of India (SBI) and its private sector peer HDFC Bank offer zero balance accounts such as BSBD accounts.

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Slow Loan Disbursal To Small Enterprises A Major Concern: Industry Body

As per data compiled by the Reserve Bank of India (RBI), the outstanding credit of Public Sector Banks (PSBs) to the MSME sector increased from Rs 8.20 lakh crore in March 2016 to Rs 8.81 lakh crore...

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SBI Multi Option Deposit Scheme: Interest Rate, Tenure And Other Details

SBI pays the same interest on a multi option fixed deposit account as on a fixed deposit account.

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US-China Trade War, Macro Data To Guide Market Trend: Experts

Companies like Coal India, ONGC, Sun Pharma, Reliance Capital and Suzlon Energy are also expected to announce their quarterly results.

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Auto Component Makers Stare At 10 Lakh Job Cuts

The automotive component industry contributes 2.3 per cent to India's gross domestic product (GDP), 25 per cent to its manufacturing GDP and provides employment to 50 lakh people.

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More State-Run Banks Likely To Cut Key Lending Rates: Report

Reserve Bank of India Governor Shaktikanta Das have been asking lenders to pass on benefits of interest rate cut by the central bank to customers.

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How To Set Up A Recurring Deposit (RD) Account In Post Office

India Post - which operates a network of more than 1.5 lakh post offices across the country- provides a variety of banking services. Among the nine savings schemes that India Post offers, recurring...

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Fuel Demand Rose 3.3% In July

Cooking gas or liquefied petroleum gas (LPG) sales increased 9.0 per cent to 2.22 million tonnes, while naphtha sales fell 5.2 per cent to 1.22 million tonnes.

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ATM Charges Levied By Banks For Making Cash Transactions

The ATM charges apply depending on the type - whether it belongs to the same bank where the customer's account is located or some other bank - and nature of ATM - whether the ATM is located in a...

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Vistara Announces New International Flights, Details Here

Bookings for the new flights are open on all channels, including airline's website, airline's iOS and android mobile apps, through online travel agencies (OTAs) and travel agents, according to...

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Have You Filed Your Income Tax Return? Key Things You Need To Know

The taxman has provided seven forms - named ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7 - for filing of ITR, and one form - ITR-V - for verification, according to its website -...

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SBI Home Loans Get Cheaper From Today

SBI's revision of its marginal cost of funds-based lending rate (MCLR) came after the Reserve Bank of India's Monetary Policy Committee (MPC) slashed the repo rate by 35 basis points.

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Factory Output Slows Down To 2% In June

The data however surpassed analysts estimates as analysts polled by Reuters had forecast June industrial output growth at 1.5 per cent.

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Crippling Auto Crisis Prompts Production Cut, Jobs Losses: 10-Point Guide

Tata Motors and Mahindra and Mahindra, two of India's biggest automakers, on Friday said they would cut production at some plants in response to slowing demand that industry executives say has driven...

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Monsoon Deficit Has Narrowed, Kharif Sowing Progressing Well: Government

Agriculture Minister Narendra Singh Tomar said the government is closely monitoring the flood situation in some states.

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Gold Prices Drop, But Still Above Rs 38,000: 10 Things To Know

Gold prices on Friday decreased by Rs 140 but traded above the Rs 38,000 mark in the national capital, news agency Press Trust of India (PTI) reported. The yellow metal settled at Rs 38,330 per 10...

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Tribunal Rejects Deloitte, KPMG Arm's No-Jurisdiction Plea

Deloitte said it will review the order issued by the National Company Law Tribunal (NCLT) and decide on a course of action shortly.

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Auto Slowdown Causing Job Losses, Temporary Factory Workers Face The Axe

Workers of factories say that companies have told them that more job losses will take place going ahead, adding to fears that even permanent workers will start getting affected soon.

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Sensex Rises Over 250 Points, Nifty Ends Above 11,100 Led By Auto Stocks

The S&P BSE Sensex and NSE Nifty 50 Indexes extended their rally to second day paced by gains in banking, auto and financial services shares.

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GAIL India Reports Profit Of Rs 1,502 Crore In June Quarter

GAIL shares jumped 2.79 per cent to Rs 125.30 apiece on the BSE after the earnings announcement by the state-run gas distribution company.

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Top Automakers Plan Production Cuts Amid Industry Crisis

M&M said on Friday its automotive segment, which makes passenger and commercial vehicles and spare parts, would cut production for 8-14 days at various plants during the second quarter.

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Supreme Court Upholds Homebuyers' Rights As Financial Creditors

In a major setback for property developers, the Supreme Court on Friday upheld the amendments to the Insolvency and Bankruptcy Code, granting homebuyers the status of financial creditors. The top...

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Industry Body To Support Investment In Jammu And Kashmir: Uday Kotak

The centre recently removed special status to Jammu and Kashmir under Article 370 and has carved out two Union Territories (UTs) - Jammu and Kashmir, and Ladakh.

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SpiceJet Surges 4% On Reporting Profit Of Rs 262 Crore In June Quarter

SpiceJet's earnings before interest, taxes, depreciation and amortisation (EBITDA) or operating profit came in at Rs 747.5 crore.

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Buy Strides Pharma Science, HDFC Bank August Futures, Says Choice Broking

After a healthy correction from its all-time high, the Nifty has managed to take a support at its 100 weeks moving average which indicates a bounce back move in the Index.

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Hindalco Profit Falls 28% To Rs 1,063 Crore In June Quarter

The company said its earnings before interest, tax, depreciation and amortization (EBITDA) fell 13.04 per cent to Rs 3,769 crore in the quarter ended June 30, 2019.

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Sensex, Nifty Surge For Second Straight Day Amid Buying Across Sectors

Domestic stock markets clocked sharp gains on Friday, rising for a second straight day, after a report by news agency Reuters said that the government is likely to exempt foreign portfolio investors...

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Rupee Moves Higher To 70.44 Against Dollar: 10 Things To Know

The rupee rose as much as 25 paise - or 0.35 per cent - against the dollar on Friday. Analysts say gains in domestic equities amid reports of a meeting between foreign investors and finance ministry...

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IndiGo Adds Second Frequency On Hyderabad-Doha Route, Details Here

Bookings for the flight are open via IndiGo's official website- goindigo.in, with immediate effect.

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Billionaire Co-Founder Of SAP Doesn't Want His Company To Grow Up

These days, Hasso Plattner sees many a cozy corner in the empire he built, but he isn't willing to get comfortable and enjoy the extra legroom.

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Uber Reports Record Loss Of $5.2 Billion

The company's core business, ride-hailing, grew revenue only 2 per cent to $2.3 billion.

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UltraTech Cement Shares Jump After Two-Fold Increase In Q1 Profit

The Mumbai-based cement maker's revenue rose 15 per cent to Rs.9,795 crore in the first quarter of the current financial year.

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RBI To Cut Interest Rates Again In October And Early Next Year: Poll

The RBI lowered its economic growth forecast for the current fiscal year on Wednesday and said inflation would not breach its medium-term target of 4 per cent in the near-term.

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Sensex Jumps Over 250 Points, Nifty Hits 11,100

The Sensex and Nifty had ended 1.74 per cent and 1.63 per cent higher respectively on Friday.

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EY To Probe VG Siddhartha's Claims In Letter To Board

Almost 36 hours after the Cafe Coffee Day owner went missing, the police recovered his body from the Netravathi river in Karnataka early on July 31.

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Government Working On Stimulus Package To Counter Slowdown: Report

The stimulus is also likely to cover the financial markets that may get relief from the tax on FPIs imposed in this year's Budget.

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No Intention To Criminalise Default In Corporate Social Spending: Official

As per data available with the ministry from disclosures made by companies, more than Rs 52,000 crore has been spent from 2014-15 to 2017-18 period towards CSR activities.

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Rupee Snaps 5-Day Losing Streak Against Dollar: 10 Things To Know

The rupee snapped its five-day losing streak against the dollar on Thursday and ended 20 paise higher against the US dollar. The rupee ended at 70.69 against the dollar tracking gains in domestic...

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Jamna Auto Braces For Plant Shutdowns Amid Industry-Wide Crisis

New Delhi-based Jamna Auto's customers include General Motors Co, Toyota Motor Corp and Tata Motors.

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May Not Be Able To Fulfill Immediate Debt Payments: Dewan Housing Finance

DHFL, the fourth-biggest housing finance company in India, has roughly Rs 1 lakh crore (14.15 billion) of debt.

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How To Verify Income Tax Return (ITR) Without Login To E-Filing Account

The last day to file income tax return (ITR) for the assessment year 2019-20 (financial year 2018-19) is August 31, 2019.

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Gold Surpasses Rs 38,000-Mark, Registers New Record High: 10 Points

Gaining for the second straight day, gold prices crossed the Rs 38,000-mark for the first time by jumping Rs 550 on Thursday, reported news agency Press Trust of India. Gold prices gained as investors...

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Government Planning Tax Relief For Foreign Investors, Says Report

The government is likely to exempt foreign portfolio investors from an increase in taxes that was part of the Budget approved by Parliament but heavily criticised, news agency Reuters quoted a...

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How To Open Public Provident Fund (PPF) Using SBI Net Banking

For the current quarter, investment in a PPF accountfetches an interest at the rate of 7.9 per cent per annum.

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Sensex Surges 600 Points On Report Of Rollback Of Higher Tax On FIIs

Sensex surged as much as 750 points from day's low in last hour of trade and Nifty briefly surpassed its important psychological level of 11,050.

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Government Looks To Exempt Foreign Investors From Higher Taxes: Report

The Budget provided for increased personal income taxes on those with annual income of more than Rs 2 crore.

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Sensex Surges Over 550 Points, Nifty Crosses 11,000

The S&P BSE Sensex index rose as much as 570.07 points to 37,260.57, and the broader NSE Nifty benchmark moved to 11,009.70, up 154.20 points from the previous close.

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Tata Steel Shares Fall 5% After Profit Drops 64% In June Quarter

Tata Steel reported a net profit of Rs 693.09 crore for the April-June period, which marked a decline of 64.29 per cent.

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HCL Tech Shares Jump Nearly 6% After Earnings Announcement

The IT company maintained its guidance for financial year 2019-20, with revenues expected to grow between 14 per cent and 16 per cent in constant currency terms.

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UltraTech Cement Profit More Than Doubles In June Quarter

UltraTech Cement's standalone net profit more than doubled in April-June period to Rs 1,199 crore versus Rs 598 crore during the same period last year.

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Rupee Gains To 70.71 Against Dollar

The rupee rose as much as 17 paise - or 0.24 per cent - against the US dollar on Thursday, regaining some ground from a fresh five-month low of 71.35 touched on Wednesday. Analysts say the Reserve...

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Your SBI Home Loans To Earn Lower Interest From August 10

With the latest cut in the MCLR, the effective reduction in home loan rates since April 10 is 35 basis points, according to SBI's statement.

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Buy Tata Elxsi, BF Utilities, Sell Larsen & Toubro: Choice Broking

Stock ideas: The Nifty moved in a range of 72.75 points, between 10,915.70 and 10,842.95 at the day's strongest any weakest points respectively.

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Affle India Makes Strong Debut On Stock Exchanges, Surges Nearly 30%

The Gurugram-based mobile marketing platform, Affle India's shares opened at Rs 929.90 on the BSE, up 24.81 per cent from its issue price of Rs 745.

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IndiGo Announces New Flights, Tickets Start From Rs 2,418

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

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Sensex, Nifty Turn Flat As Metal, Energy Stocks Weigh

Domestic stock markets gave up early gains on Thursday amid choppy trade, despite the Reserve Bank of India reducing the repo rate to the lowest level recorded since 2010. The S&P BSE Sensex index...

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Sensex Jumps Over 200 Points, Nifty Crosses 10,900: 10 Things To Know

Domestic stock markets started Thursday's session on a positive note, a day after the Reserve Bank of India reduced the repo rate to the lowest level recorded since 2010. The S&P BSE Sensex index...

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RBI Keeps Consumer Inflation Projection Within Target For Next 12 Months

The RBI has cut the key repo rate - at which it lends to banks - by 0.35 per cent to 5.40 per cent.

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Cipla Profit Rises 6% To Rs 478 Crore In June Quarter

Cipla's revenue from its pharmaceuticals business increased 1.22 per cent to Rs 3,959.93 crore in the quarter ended June 30.

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RBI Lowers GDP Growth Forecast To 6.9% For 2019-20

The RBI said various high frequency indicators suggest weakening of both domestic and external demand conditions.

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RBI Delivers 4th Straight Rate Cut, Lowers Growth Forecast: 10 Points

The Reserve Bank of India on Wednesday announced its decision to cut the repo rate by 35 basis points, marking the fourth straight reduction in its scheduled bi-monthly reviews so far this year. All...

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Sensex Drops 286 Points As RBI Cuts Growth Target

Sensex and Nifty 50 Indexes dived on Wednesday after RBI lowered the GDP growth forecast for current financial year to 6.9 per cent.

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Mahindra & Mahindra Sees "Huge Danger" Of Job Losses In Auto Sector

M&M reported a June-quarter consolidated profit that nearly halved from a year ago to Rs 914 crore.

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Sensex Falls Over 200 Points, Nifty Slides Below 10,900

A selloff in banking, financial services, automobile and metal stocks dragged the markets lower, however gains in information technology and pharmaceutical stocks provided some support.

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M&M Profit Drops On Worst Quarter For Passenger Vehicles In 18 Years

M&M sold 1,23,690 units of passenger vehicles in quarter ended June 30, down 5.2% from 1,30,484 passenger vehicles sold in the same period last year.

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From December, You Can Transfer Funds Through NEFT 24 Hours A Day

The decision, the Reserve Bank of India said, "is expected to revolutionise the retail payments system of the country".

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SBI Reduces Key Lending Rates, Home Loans To Get Cheaper

The development comes after Reserve Bank of India's Monetary Policy Committee (MPC)delivered its fourth repo rate cut in a row.

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RBI Rate Cut: Rupee Slips To Near 71 Against Dollar Amid Volatility

The RBI cut key interest rate for the fourth consecutive time, as it reduced repo rate by 35 basis points to 5.40% to boost the slowing economy.

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"Clearly, RBI Is Leading From The Front": Anand Mahindra On Rate Cut

In the earlier three policies, the central bank had reduced repo rate by 25 basis points each.

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RBI Stays "Accommodative" With Rare 35 Basis-Point Cut to Spur Economy

The Monetary Policy Committee kept its stance accommodative, which means rate increases remain off the table.

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Sensex, Nifty Flat Despite Fourth Rate Cut In A Row By RBI

Nine of 11 sector gauges compiled by National Stock Exchange were trading higher led by the Nifty Media Index's 3.3 per cent gain.

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RBI Cuts Key Lending Rates By 0.35%, Here's What Experts Say

The RBI maintained its "accommodative" stance but said further rate reductions would depend on the level of inflation.

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RBI Cuts Repo Rate For Fourth Time This Year, EMIs Set To Get Lower

The last time the Reserve Bank of India made so many back-to-back repo rate cuts was after the global financial crisis over a decade ago.

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Tens Of Thousands Losing Jobs As Auto Sector Crisis Deepens: Report

Within this previously unreported figure, car and motorcycle makers have laid off 15,000 and component manufacturers 1,00,000, with the remaining job losses at dealers, many of which have closed, the...

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DHFL Shares Fall After Surging Over 30% In Tuesday's Session

DHFL share price: Shares of Dewan Housing Finance Corporation Limited (DHFL) fell a day after surging over 32 per cent in Tuesday's session.

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Consumer Inflation Likely Rose To Nine-Month High In July: Poll

The July 31-August 6 poll of 30 economists showed retail inflation rose to 3.20 per cent in July from a year ago, a touch above June's 3.18 per cent.

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RBI Policy Review Today: Central Bank May Cut Key Lending Rates

Since February, the RBI has reduced the repo rate by 75 basis points in three successive policies.

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Sensex Falls Over 50 Points, Nifty Struggles Above 10,900

The Sensex and Nifty had ended 0.75 per cent and 0.79 per cent higher respectively on Tuesday, rebounded from a sharp selloff the previous day.

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RBI May Deliver Its Fourth Straight Rate Cut Today: 10 Things To Know

The Monetary Policy Committee, led by Reserve Bank of India Governor Shaktikanta Das, will today release its third bi-monthly statement of the current financial year. The central bank is widely...

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Rupee Forecast To Gain Nearly 2% In A Year From Recent Low: Poll

Rising political risk after the government revoked the special status of Kashmir knocked the rupee on Tuesday, pushing it to a five-month low of near 71 per dollar.

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HDFC Bank Cuts Key Lending Rates By 10 Basis Points: Report

Indian banks largely price their MCLR benchmark loan rates according to the cost of deposits. With this cut, the bank's lending rates on products like auto or home loans may also come down.

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Want To Check Your Provident Fund Balance? Here's How To Do It

Employees' Provident Fund Organisation is the nodal agency to monitor EPF contributions, which is shared equally between employees and employer.

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Budweiser Beer Maker AB InBev's Plea To Lift Ban In Delhi Rejected: Report

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

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Rupee Falls For Fourth Straight Day Against Dollar: 5 Things To Know

On Monday, the rupee suffered its biggest single-day drop in past six years and closed at a five-month low of 70.73 against the American currency.

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Reliance Industries Partners With BP For Fuel Retail Sales In India

The two companies expect the deal to close in the first half of next year and to benefit from Reliance's huge Jamnagar refining complex.

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NSE, SGX Win Approval For Joint Derivatives Project At GIFT City

Over the past two decades, SGX has become the most popular market for foreign investors to bet on Indian equity indexes.

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Indiabulls Housing Finance Reports Profit Of Rs 802 Crore In June Quarter

Indiabulls Housing Finance said its net interest income declined 12.72 per cent to Rs 1,475 crore in the first quarter of the current financial year.

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HSBC To Pay Nearly 295 Million Euros To End Belgian Probe

As well as paying 294.4 million euros ($330 million) as a criminal fine, HSBC will also hand over 400,000 euros in civil damages to the Belgian state.

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Gold Prices Recede From All-Time High: 5 Things To Know

In Delhi, gold of 99.9 per cent declined by Rs 163 to Rs 36,807, while that of 99.5 per cent purity dropped Rs 165 to Rs 36,635 per 10 grams.

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Sensex, Nifty Rebound; Government To Hold Talks With Foreign Investors

The S&P BSE Sensex and NSE Nifty 50 Indexes rebounded from yesterday's sharp selloff and defied weak trend in global markets.

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Government To Issue Rules For Non-Banking Lenders Asset Buy Scheme

The government has received a proposal from the RBI on the draft modalities of the credit guarantee scheme, which would be operationalised by the RBI.

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After Worst Earnings In 3 Years, Analysts Warn Of Gloomy Festive Season

The country's biggest lenders and automakers have all sounded warning bells over the slower growth in demand and consumption.

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Rupee Edges Higher From 5-Month Low: 10 Things To Know

Clocking some recovery from a five-month low registered the previous day, the rupee appreciated by as much as 26 paise against the US dollar on Tuesday. The rupee opened lower at 70.80 against the...

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IndiGo Co-Founder Rakesh Gangwal Says Feud Still Unresolved

Rakesh Gangwal last month alleged violations of corporate governance rules at InterGlobe, calling for securities regulator to intervene.

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Sensex Extends Gain, Rises Over 300 Points Led By HDFC, L&T

The overall market breadth favoured buyers as 1,493 shares were advancing while 739 were trading higher on the BSE.

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DHFL Assures Lenders Of No Haircuts Under Resolution Plan

As part of the resolution plan, DHFL will also put a moratorium on repayments and seek funding from banks to start retail lending.

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Rupee, Other Asian Currencies Recover Some Of Losses

People's Bank of China's firmer-than-expected yuan fixing helped pull the currency from the lows it touched on Monday, but it still held beyond the 7-per-dollar level that it broke for the first time...

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Ontario Teachers', AustralianSuper To Invest $2 Billion In Infra Fund

Both Ontario Teachers' and AustralianSuper have each signed agreements for investments of up to $1 billion in the fund, NIIF said in a statement.

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Sterling And Wilson Solar IPO Opens: Here Are Key Things To Know

Sterling Wilson and Solar IPO: The company plans to raise Rs 3,125 crore by selling 4-4.03 crore equity shares in the price band of Rs 775-780/share.

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World's Richest Lose $117 Billion In One-Day Market Meltdown

Amazon.com Inc. founder Jeff Bezos declined the most, shedding $3.4 billion as shares of the online retailer tumbled.

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Sensex Rises Over 150 Points, Nifty Above 10,900

The Sensex and Nifty had ended 1.13 per cent and 1.23 per cent lower respectively on Monday.

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US Designates China A 'Currency Manipulator' As Trade War Rages

The United States and China traded blows in an unrestrained economic conflict Monday that sent stock markets plunging and threatened to inflict significant damage on a weakening global economy.

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Global Stocks Sink On Trade War Fears As Yuan Slumps To Decade Low

China on Monday let the yuan tumble beyond the key 7-per-dollar level for the first time in more than a decade, in a sign Beijing might be willing to tolerate further currency weakness in the face of...

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Bankers Agree To Take Steps To Review Lending Rate Transmission: Centre

Since December 2018, monetary policy has been eased substantially by the Reserve Bank of India (RBI) with policy rates being cut by 75 basis points (bps) and policy outlook being changed to...

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Rupee Suffers Biggest Slump In 6 Years Against Dollar: 5 Things To Know

The rupee nosedived 113 paise or 1.62 per cent against the US dollar and breached the 70-mark on Monday, news agency Press Trust of India (PTI) reported. The fall marked the biggest single-day drop in...

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