Government's Fiscal Space To Support Economic Activity Limited: Kotak

Kotak said that high frequency data for October and November suggested that economic activity weakened further despite festive season demand.

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Why Is Corporate India Silent On GDP Below 5%?

The Confederation of Indian Industry has not issued a statement on the growth figures. When NDTV reached out to CII and asked, they told there perhaps won't be a statement on GDP even later as well.

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Nirmala Sitharaman Hints At More Interventions As Growth Pangs

The Finance Minister's statement came a day after it was announced that the GDP growth rate of the country fell to 4.5 per cent, slowest in over six years.

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Yes Bank Seeks Up To $2 Billion In Preferential New Share Issue

Yes Bank said it is in talks on a deal to sell shares worth $1.2 billion to Canadian billionaire Erwin Singh Braich and Hong Kong-based SPGP Holdings.

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FASTag Deadline Extended To December 15. Here Is How You Can Buy FASTags

Radio-frequency identification (RFID)-based FASTag is affixed on the windscreen of the vehicle. The FASTag platform allows for direct payment of fee from the linked prepaid or savings account.

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Petrol Prices Rise For Second Day In A Row; Diesel Stable

Oil prices fell on Friday, with US crude dropping more than 4 per cent, on fresh trade tensions and record high US crude production, but they still ended the month higher as OPEC watchers expect an...

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Gold Buying Ticks Up In India On Price Drop

Retail demand faltered after Diwali and could remain weak unless prices correct significantly, the bank dealer said.

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GDP Growth At 4.5% In July-September Quarter, Here's What Experts Say

Economists polled by Reuters had expected growth to slow to 4.7 per cent for July-September from a year earlier.

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GDP Growth At 4.5% In July-September, Lowest In More Than 6 Years

India's GDP or gross domestic product growth slowed to 4.5 per cent in the July-September period, official data showed on Friday. That marked the slowest pace of economic expansion recorded since the...

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October Infrastructure Output Contracts For Second Straight Month

Infrastructure output, which comprises eight sectors such as coal, crude oil and electricity, accounts for nearly 40 per cent of the country's industrial output.

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Rupee Falls By 12 Paise To End At 71.74 Against Dollar

Forex traders said month-end dollar demand from importers and uncertainty over the US-China trade talks also weighed on the domestic currency.

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GDP Growth At 4.5% In July-September, Worst In More Than 6 Years

The pace of economic growth fell below the 5 per cent mark for the first time since January-March period of 2013 when GDP grew at 4.3 per cent.

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April-October Fiscal Deficit Reaches 102.4% Of Budgeted Target

Net tax receipts in the April-October period was Rs 6.83 lakh crore, while total expenditure was Rs 16.55 lakh crore, the data showed.

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RBI Files Application To Begin Bankruptcy Proceedings Against DHFL

DHFL owes its creditors - which include mutual funds, banks, pension funds, insurance firms and retail investors - close to Rs 1 lakh crore($13.93 billion).

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Hallmarking To Be Mandatory For Gold Jewellery From 2021: Minister

The department of consumer affairs will issue a notification by January 15, 2020, for making gold hallmarking mandatory.

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Gold Price At Rs 38,040 Per 10 Grams In Delhi: 10 Things To Know

Gold prices were last seen at Rs 38,040 per 10 grams in the national capital on Friday, according to industry body India Bullion and Jewellers' Association (IBJA). These rates are exclusive of a 3 per...

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Sensex Falls Over 300 Points, Nifty Ends At 12,056 Ahead Of GDP Data

The S&P BSE Sensex and NSE Nifty 50 indexes broke their two-day record-breaking run on Friday ahead of the second quarter gross domestic product (GDP) data due later in the day.

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Sensex Falls Over 400 Points, Nifty Breaks Below 12,050 Ahead Of GDP Data

In a poll conducted by news agency Reuters, economists expect GDP growth to come in at 4.7 per cent in July-September, down from 5.0 per cent.

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Ola Aims To Shed 5-8% Of Staff Ahead Of IPO: Report

Founded in 2011 by Bhavish Aggarwal and Ankit Bhati, Ola currently offers its services over 250 cities in India, the UK, Australia and New Zealand.

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Government To Release September Quarter GDP Data Today. What To Expect

The government will today release data on GDP or gross domestic product for the second quarter of current financial year. Many economists expect India's GDP growth rate to decline further to below 5...

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Future Retail Surges As Competition Regulator Approves Amazon Investment

In a brief statement on Thursday, the Competition Commission of India (CCI) said it had approved Amazon's purchase of a 49 per cent stake in Future Coupons.

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Mukesh Ambani 9th Richest Person In The World: Forbes

According to the Forbes 'The Real-Time Billionaires List', RIL Chairman's 'Real Time Net Worth' stood at $60.8 billion on Thursday.

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Cut In Corporate Tax Rate Important For Investments: CEA Subramanian

The government has undertaken a number of measures to arrest the slowdown in growth. In September, it announced a cut in the corporate tax rate to 22 per cent from 30 per cent. It also lowered the tax...

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Sensex Falls 300 Points As Markets Move Away From Record Highs

Domestic stock markets snapped a two-day record-breaking run on Friday amid weakness in Asian peers, ahead of the release of key macroeconomic data. The S&P BSE Sensex index fell as much as 302.06...

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Petrol, Diesel Price Hiked Marginally In Metros

Petrol, Diesel Price Hiked Marginally In Metros

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Sensex Falls Over 150 Points, Nifty Near 12,100

Losses in banking and metal stocks pulled the markets lower however gains in pharmaceutical shares provided some support.Analysts awaited the release of official data on gross domestic product (GDP)...

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GDP Growth May Drop To 6-Year Low Of 4.5% As Policy Room Narrows

Having left much of the stimulus burden to the central bank early this year, PM Modi is now taking bolder steps to reverse the decline. In recent months, the government has slashed corporate taxes,...

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Sensex, Nifty Likely To Open Lower Today

On Thursday, the S&P BSE Sensex index had risen 109.56 points (0.27 per cent) to end at a record closing high of 41,130.17, and the broader NSE Nifty benchmark settled at a record 12,151.15, up 50.45...

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Ministry Finds No Irregularity In Indiabulls Housing Loans To 5 Firms

The ministry, in its affidavit submitted in the court, however, said that it is examining the violations pointed out in the inspection report.

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Government Plans To Cap Commissions For Uber, Ola

The government has also proposed stricter safety checks for drivers and wants to cap their working hours at 12 per day, amid fears long shifts were putting passenger safety at risk.

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Tata Power Seeks Global Investors For Renewable Portfolio

Power consumption fell sharply in October and has contracted for the last three straight months amid slowing economic growth.

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Carlyle Group Set To Make Bumper Profit From SBI Cards IPO

SBI Cards is the second-largest credit card issuer in the country, with 9.4 million outstanding cards as of the end of September.

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Rupee Declines By 27 Paise To End At 71.62 Against Dollar

Snapping its two-day winning run, the rupee dropped by 27 paise to settle at 71.62 against the dollar on Thursday. The month-end dollar demand from oil importers and growth concerns ahead of release...

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After $13 Billion Levy Ruling, Future Of Telecom Hinges On Government Aid

Vodafone Idea this month booked a $7 billion quarterly loss, the biggest in Indian corporate history, in large part due to provisions for payments owed.

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Government Plans More Measures For Realty Sector, Shadow Lenders: Report

One time recast would mean a one-time rollover for real estate developers for loan repayments which will not classify their loans as SMA or NPA.

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Gold Price At Rs 37,920 Per 10 Grams In Delhi, Check Latest Rates

Gold, considered a safe store of value during economic or political uncertainties, has gained more than 13 per centthis year globally.

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SBI Recurring Deposit Account: Interest Rates, Investment Limits And More

State Bank of India or SBI, country's largest lender, offers the option of opening a recurring deposit (RD) account that allows customers to save a fixed sum every month and earn an interest income on...

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Sensex, Nifty Extend Record-Breaking Run For Second Straight Day

In the November futures and option series, the Nifty clocked a gain of 2.33 per cent and the Sensex surged over 1,000 points or 2.5 per cent.

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Govt Trying To Revive BSNL, MTNL, Make Them Professional

Communications minister Ravi Shankar Prasad said a total of 79,000 employees of BSNL and 14,000 out of 20,000 employees of MTNL have applied for the VRS scheme which the government has come out with...

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Economy Seen Growing At 4.7% In September Quarter: Poll

If the latest figure for expansion of gross domestic product is 4.7 per cent or less, the quarter will have registered the slowest expansion in 26 quarters.

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Tata Steel European Arm Begins Talks With Workers On 3,000 Job Cuts

Tata Steel Europe said on Wednesday it had begun talks with its workers on a "transformation programme" that involves up to 3,000 job cuts, prompting an angry response from union leaders who said the...

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Looking To Make Money In Stocks? Here Is How To Get Started

You need a trading/brokerage account and a demat account (short for 'dematerialized account') to start investing in the stock market. The trading account facilitates the purchase and sale of shares...

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FM presents 1st supplementary demand of grants

The Finance Minister provided Rs 8,820.62 crore as grant to Union Territories of Jammu and Kashmir and Ladakh in lieu of J&K State share of 14th Finance Commission Award.

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Government Wants RBI To Buy Out Stressed Assets Of Shadow Banks: Report

The government has also asked the central bank to consider a one time waiver to banks from classifying some real estate loans as bad loans, the government official, who declined to be named, said.

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Reliance Industries Market Capitalisation Crosses Rs 10 Lakh Crore

Reliance Industries had only last month crossed the market capitalisation of Rs 9 lakh crore for the first time ever, becoming the country's most valuable company.

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Sensex, Nifty Hit All-Time Highs Before Turning Flat

BSE Sensex Today, LIVE Market Updates: However the markets gave up most of those gains to trade flat in the first few minutes of trade.At 9:28 am, the Sensex traded 6.45 points higher at 41,027.06...

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Sensex, Nifty Likely To Open Lower Today

On Wednesday, the Sensex and Nifty had surged to clock their highest closing levels ever recorded. The Sensex ended 199.31 points - or 0.49 per cent - higher at 41,020.61 and the broader Nifty settled...

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Saudi Aramco IPO's Retail Offer Fully Covered With $8.7-Billion Orders

The Saudi Aramco IPO is the centrepiece of Crown Prince Mohammed bin Salman's plans to diversify the Saudi economy away from its reliance on oil.

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Government's Fiscal Deficit To Be About 3.7% In 2019-20: Moody's

The agency, in a report, said the persistent spending pressures and slower economic growth will result in continued widening of the fiscal deficit.

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Telecom Regulator Plans To Review Transparency In Tariff Offers

Telecom service providers (TSPs) are currently required to ensure that the tariff plans are updated on their website and customer care centers every time there is a change in any of the tariff...

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Rupee Ends Higher At 71.35 Against Dollar: 10 Things To Know

The rupee on Wednesday rose for a second straight day on Wednesday. The domestic currency appreciated by 15 paise to settle at 71.35 against the dollar.Gains in domestic stock markets and sustained...

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How To Improve Your Chances Of Getting A Personal Loan

A personal loan is sanctioned based on a combination of factors such as income, employment, credit history and repayment capacity of the borrower. It can be utilized at discretion of the borrower....

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Growth Down, But There Won't Be Any Recession: Nirmala Sitharaman

Many economists and credit ratings agencies have lowered their growth projections for the year ending March 2020.

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Air India Will Have To Close If Not Privatised: Aviation Minister

Hardeep Singh Puri said in parliament that the government is committed to securing a deal that is favourable for the employees of Air India.

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Ujjivan Small Finance IPO To Open On Monday: Price Band And Other Details

Ujjivan Small Finance Bank IPO: The shareholders will get a discount of Rs 2 per share on the final issue price.

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Sensex Ends 199 Points Higher, Nifty Reclaims 12,100

Top percentage gainers on the Nifty 50 index were Yes Bank, UltraTech Cement, SBI, Maruti Suzuki and Hindalco.

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No Proposal To Reduce Retirement Age Of Employees To 58 Years: Government

He said there are provisions under Fundamental Rules 56(j), Rule 48 of Central Civil Services (Pension) Rules, 1972 and Rule 16(3) (Amended) of All India Services (Death-cum-Retirement Benefits)...

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Government May Exclude Rs 50,000 Crore Of Air India Debt To Lure Buyers

The government has pumped in Rs 56,000 crorein the last past decade in a bid to keep the carrier afloat, the people said.

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Sensex, Nifty Give Up Most Of Days Gains; Infra Stocks Lag

Top percentage gainers on the 50-scrip index at the time were Yes Bank, Ultracemco, Tata Motors, Vedanta and UPL, trading between 1.99 per cent and 6.41 per cent higher.

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Term Of 15th Finance Commission Extended Till October 30, 2020

The term of the commission was originally set to end in October 2019, but was extended by one month to November 30.

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Cabinet Approves Additional Equity Infusion In Food Corporation

The decision would also help FCI, the government's nodal agency for procurement and distribution of food grains, in reducing its debt and interest cost.

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Equity Gains In India To Be Narrow In 2020 As Economy Slows: Reuters Poll

The BSE Sensex index was forecast to rise another 6.7% to 43,645 by the end of next year from Monday's close of 40,889. It has gained over 13% in the past two months and repeatedly set record highs...

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Sensex Rises Over 250 Points Amid Gain In Asian Markets; Auto Stocks Lead

The S&P BSE Sensex index jumped 254.46 points to an intraday high of 41,075.76 on Wednesday, and the broader NSE Nifty 50 benchmark climbed to as high as 12,108.50, up 70.8 points from the previous...

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Here Is How Much You Pay For Petrol And Diesel Metros Today

According to Indian Oil Corporation, a litre of petrol costs Rs 74.76 in Delhi, Rs 77.44 in Kolkata, Rs 80.42 in Mumbai and Rs 77.72 in Chennai on Wednesday.

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Investment In Small Savings Schemes Offers These Returns

Investment in the small savings schemes fetches returns to the tune of 4-8.6 per cent, according to the website of India Post (indiapost.gov.in), which has a network of more than 1.5 lakh branches...

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Sensex, Nifty Likely To Open Flat Today

On Tuesday, the Sensex had ended 67.93 points (0.17 per cent) lower at40,821.30 and the Nifty settled down 36.05 points - or 0.30 per cent - at12,037.70 as the benchmark indices reversed direction...

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Service Sector Can Help Achieve $5 Trillion Target: Piyush Goyal

Union minister Piyush Goyal said it is the manufacturing and services industry that will be the growth engines of the economy.

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Government Plans Lottery Scheme For GST Paying Customers: Report

The lottery scheme plan is to hold daily and monthly lotteries for customers who take a copy of the bill after paying GST for business to consumer transactions.

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Rupee Ends At Over 2-Week High Of 71.50 Against Dollar: 10 Things To Know

The rupee on Tuesday rose by 24 paise to settle at an over two-week high of 71.50 against the dollar. Persistent foreign fund inflows and hopes about US-China trade logjam breakthrough boosted forex...

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Vistara, SBI Card Launch Co-Branded Credit Cards: 10 Things To Know

SBI Card and full-service carrier Vistara on Tuesday launched two premium co-branded cards- Club Vistara SBI Card and Club Vistara SBI Card PRIME. "The two variants of the ''Club Vistara SBI'' card...

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CSB Bank IPO Subscribed 87 Times On Last Day Of Subscription

The qualified institutional buyers (QIB) was subscribed 38.85 times, portion reserved for non-institutional investors (NII) was subscribed 45.49 times.

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Sebi Bars Brokerage Karvy Over Alleged Misuse Of Client Funds

Sebi barred Karvy on Friday after a preliminary investigation by the National Stock Exchange (NSE) showed the brokerage pledged and sold some of its client securities to raise funds for its own use,...

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Gold Price At Rs 37,950 Per 10 Grams In Delhi

Spot gold was last seen 0.2 per cent up at $1,457.58 per ounce, having earlier touched its lowest since November 12 at $1,451.15.

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Here's How Much SBI Charges For Non-Maintenance Of Minimum Balance

SBI minimum balance rules: SBI accounts are categorised into four types depending on their location: metro, urban, semi-urban and rural.

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Sensex, Nifty End Lower After Hitting Record Highs

Eight of 11 sector gauges compiled by National Stock Exchange ended lower led by the Nifty Media index's 3.6 per cent fall.

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Sensex, Nifty Erase Gains After Hitting Record Highs

The Sensex fell as much as 410 points from record high of 41,120.28 and NSE Nifty 50 dropped 116 points from an all-time high of 12,132.45.

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RBI To Cut Rates In December, But Still No Respite For Economy: Poll

The economy expanded 5.0 per cent in the April-June quarter on a year earlier, its slowest annual pace since 2013, and was expected to grow 4.7 per cent last quarter.

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Zee Tanks 9% After Subhash Chandra Quits As Chairman

Subhash Chandra, who ushered the cable and satellite revolution, announced late Monday that he would step down as Zee's chairman. The shares of Zee tanked nine per cent to hit an intra-day low of Rs...

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SBI Flexi Deposit Scheme: Interest Rate, Investment Limits And Tax Rules

SBI's flexi deposit scheme is a variant of recurring deposit (RD) with the facility of depositing variable deposit instead of a fixed installment.

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Missed Income Tax Deadline? Learn How To Prepare Belated Return

A belated filing of income tax return for financial year 2018-19 (AY2019-20) till December 1 attracts a penalty of Rs 5,000 under tax laws.

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

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

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CCI Probe Finds SKF, Schaeffler, Tata Steel Units Colluded On Bearing

The CCI began an investigation in 2017 after receiving allegations of the five companies colluding on bearings prices from 2009-2014 to pass higher raw material costs onto customers

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Oyo's Largest Investor SoftBank's Startup Accounting Model Under Scrutiny

In the end, SoftBank invested $1.2 billion, helping to transform SenseTime into the world's most valuable AI startup. The young company's valuation hit $7.5 billion this year.

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Anil Ambani's Reliance Naval Surges 600% In Rally, Speculators Suspected

The revival of the shipyard is crucial for Anil Ambani, who is betting on cash flows from government defense contracts as Prime Minister Narendra Modi plans to spend billions of dollars on national...

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Nifty Crosses 12,103 To New All-Time High As Markets Rise In Early Trade

ICICI Bank, Reliance Industries and Infosys were the top contributors to the rise in Sensex.

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Sensex, Nifty Likely To Open Higher Today

At 8:32 am, the SGX Nifty futures were up 16.50 points - or 0.14 per cent - at 12,123.50.

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Oyo Projects Losses In India, China Until 2022

Oyo's India business will likely make losses until 2021, after which it could report a net profit after tax of $45.2 million in 2022.

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SpiceJet Enters Into Codeshare Agreement With Emirates

SpiceJet on Monday entered into a codeshare and interline agreement with Dubai-based Emirates, pending government approvals.

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Apple Supplier Salcomp To Invest Rs 2,000 Crore In New Indian Plant

Salcomp has reached an agreement to take over a facility, formerly owned by Nokia, in Chennai and will begin operations at the site by March.

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Oyo's Annual Loss Balloons Six-Fold To Rs 2,385 Crore In FY19

Oyo reported a net loss of Rs 2,385 crore in the year to March 2019, compared with a loss of Rs 360 crore a year earlier.

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Rupee Ends Marginally Lower Against US Dollar

After opening on a positive note, the rupee traded flat for a better part of the session before slipping into a negative territory. It finally settled at 71.74, registering a loss of 3 paise over its...

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No Floor Price On Tariffs; Spectrum Auction Before March, Says Secretary

The issue of floor price was being discussed by a secretary panel as a step to check further erosion of losses by the telcos and to boost the financial health of the sector.

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Finance Minister Nirmala Sitharaman Introduces Bill To Cut Corporate Tax

The Taxation Laws (Amendment) Bill, 2019 will replace the Taxation Laws (Amendment) Ordinance, 2019, promulgated on September 20, 2019.

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How To Make Money Work For You?

A successful investor is a systematic investor. Behavioral Finance has shown that investors are generally irrational, emotional and rash when it comes to making investment decisions. Putting investing...

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Apple to expand operations in India: Ravi Shankar Prasad

Salcomp will make chargers and other components at the plant and the move will also create 10,000 jobs, Prasad said. Apple's phones made in India will also be exported, he said, adding that exports of...

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Sensex Soars 530 Points To Record Closing High Of 40,889

Domestic stock markets clocked sharp gains on Monday with the S&P BSE Sensex index soaring to a record high, tracking global peers on optimism about US-China trade developments. The S&P BSE Sensex...

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Unemployment rate declines to 9.3 per cent in Jan-Mar 2019

The estimates are worked out on what is called current weekly status method. A person is considered as unemployed in a week if he did not work even for 1 hour during that week. Joblessness among youth...

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All You Need To Know About Vande Bharat Vaishno Devi, Varanasi Trains

Vande Bharat Express Trains: Fare for travel between New Delhi and Shri Mata Vaishno Devi Katra on the Vande Bharat express train for chair car is Rs 1,630 per passenger.

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Louis Vuitton (LVMH) Buys Tiffany For $16.2 Billion

Tiffany had struggled with falling annual sales and profit since 2015, before a revenue turnaround in 2017.

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CSB Bank's Initial Public Offer Subscribed Nearly Two Times on Day 2

The CSB Bank IPO size is about Rs. 410 crore, including fresh sale of Rs. 24 crore and balance being OFS by existing investors. The company, which aims to raise up to Rs 410 crore, has fixed a price...

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Petrol Price Hiked For Fourth Day In A Row

Petrol, Diesel Price Today: Currently, domestic fuel prices are reviewed by oil marketing companies on a daily basis.

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Rupee Only Emerging Asian Currency To Weaken, More Losses Likely: Report

The rupee, which has slumped almost 5 per cent from this year's high in July, is also under selling pressure due to escalating levels of public debt and a credit crunch among non-bank finance...

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Sensex, Nifty Likely To Open Higher Today

At 8:42 am, the SGX Nifty futures - an early indicator of the National Stock Exchange (NSE) Nifty index in India - were up 15.00 points (or 0.13 per cent) at 11,933.50.

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Anil Ambani's Resignation Rejected By Reliance Communications Lenders

According to a letter by RCom on Sunday, the decision was taken in a meeting of the Committee of Creditors of Reliance Communications Limited held on November 20.

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Tatkal Ticket Charges, Rules, Booking Timings Other Details Here

Tatkal ticket news: Tatkal ticket bookings on the IRCTC web portal and mobile application open at 10 AM for air-conditioned (AC) classes and at 11 AM for non-AC classes one days in advance of the...

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Lufthansa Plans To Bolster Ties With Indian Airlines After Jet's Demise

Currently, the Lufthansa airline group has an interline agreement with Vistara, which allows a passenger to check-in his luggage at the first airport itself.

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RBI Enhances Scope Of Non-Resident Rupee Accounts

To popularise cross-border transactions in Indian rupee, the Reserve Bank of India has enhanced the scope of 'Special Non-resident Rupee'.

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Petrol Rises For Third Day In A Row, Diesel Falls. Check Rates Here

Petrol and diesel prices were revised for third day in a row on Sunday. The price of petrol in Delhi, Mumbai and Kolkata were hiked by 10 paise per litre.

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RBI Enhances Scope Of Non-Resident Rupee Accounts

The purpose for allowing such a move are for export or import invoicing and business related transactions outside International Financial Service Centre, all in rupee.

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Railways' Rules For Online Ticket Reservation And Cancellation Explained

The Indian Railways administration reserves seats, berths and compartments in accordance with the rules and conditions published in the coaching tariff. A passenger seeking reservation of berth or...

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This SBI Savings Account Can Be Opened Even Without KYC Documents

State Bank of India or SBI, the largest commercial lender of the country, offers a zero balance savings account, which can be opened by customers who do not have know-your-customer (KYC) documents....

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

In Mumbai, the price of petrol stood at Rs 80.10 per litre, up 9 paise per litre compared to Friday's rate, and that of diesel stood at Rs 69.01 per litre, data from Indian Oil showed.

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Tata Motors, Yes Bank, Vedanta To Be Dropped From BSE Sensex: Report

According to Asia Index, which is a 50-50 partnership between S&P Dow Jones Indices LLC and BSE, listed companies like Titan, UltraTech Cement and Nestle India will enter the barometer as part of the...

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Care Downgrades Rating On Vodafone Idea's Long-Term Bank Facilities, NCDs

Care has downgraded long-term bank facilities totalling Rs 49,466 crore and NCDs worth Rs 7,500 crore from A-minus to BBB-minus under credit watch with negative implications. "The downgrade is on...

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Looking To Make Money In Mutual Funds? Five Things To Keep In Mind

A mutual fund, in simple terms, collects money from various investors and pools it into equities, bonds and other money market instruments. The professional fund manager takes decisions on investments...

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India's Urban Unemployment Rate Slows In March Quarter: Report

A person is considered as unemployed in a week if he did not work even for 1 hour during that week. Joblessness among the youth - those aged between 15-29 years and who account for roughly over a...

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After 7 Weeks Of Upmove, Analysts Say More Steam Left In Banking Stocks

Domestic stock markets finished the week on a flat note as the markets continued to move sideways. The S&P BSE Sensex index ended 2.72 points higher at 40,359.41, and the broader NSE Nifty benchmark...

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Muthoot Finance To Acquire IDBI Mutual Fund For Rs 215 Crore

The deal is subject to receipt of approval from regulators including the Securities and Exchange Board of India (SEBI).

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Banks' Loans Rise 8.1% In Two Weeks To November 8: RBI

Outstanding loans rose Rs 6,954 crore($968.39 million) to Rs 98.48 lakh crorein the two weeks to November 8.

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Gold Price At Rs 38,310 Per 10 Grams In Delhi: Key Things To Know

Gold Prices: In India, gold demand is expected to fall to its lowest level in three years in 2019, the World Gold Council (WGC) said.

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Airtel, Vodafone Idea Seek Review Of Top Court Order On Government Dues

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

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How To Find Out Today's Petrol And Diesel Rates On Your Mobile

Petrol and diesel prices are currently reviewed by state-run oil marketing companies such as Indian Oil, Bharat Petroleum and Hindustan Petroleum on a daily basis, and any changes are implemented at...

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SBI Pays These Interest Rates On Fixed Deposits

SBI FD rates: SBI offers retail domestic term deposits in eight options of terms, ranging from seven days to 10 years.

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Petrol Price Hiked In Metros, Diesel Unchanged

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

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Sensex, Nifty Decline For Second Straight Session; IT Shares Weigh

Seven of 11 sector gauges compiled by National Stock Exchange ended lower led by the Nifty IT index's 2 per cent fall.

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Sensex Falls Over 250 Points, Nifty Below 11,900: 10 Things To Know

The domestic equity benchmarks extended losses on Friday, dragged by information technology (IT) stocks. The S&P BSE Sensex index fell as much as 298.34 points to touch an intraday low of 40,276 in...

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Reserve Bank Of India Appoints 3-Member Advisory Panel For DHFL

On Monday, Reserve Bank of India (RBI) superseded DHFL's board and placed the company under an administrator in the wake of governance issues and severe liquidity crisis.

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Telcos' Tariff Hike, Relief Won't Offset Unpaid Dues: Fitch Ratings

Fitch has a negative outlook on the sector for 2020 primarily due to heightened financial risk associated with the large unpaid AGR-related dues.

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Property Market Set For Modest Lift From Government Measures: Poll

The November 6-19 Reuters poll forecast average national prices would rise 3.0 per cent next year and 4.3 per cent in 2021.

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Opinion: Can Overworked Indian Bankruptcy Salon Deliver A 10-Minute Trim?

Nearly nine-tenths of DHFL's Rs 84,000 crore($12 billion) in borrowing is secured against assets.

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All You Need To Know About CSB Bank IPO

CSB Bank IPO: CSB in its old avatar as 'Catholic Syrian Bank' was plagued with issues relating to unions, weak asset quality and sub-par capital position.

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Sensex, Nifty Edge Lower On Weak Global Cues

The Sensex declined as much as 67 points to hit an intraday low of 40,507.99 and the NSE Nifty 50 index fell below 11,950.

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Redefine Adjusted Gross Revenue, Say Industry Experts

Industry experts believe the decision for spectrum payments to be deferred to 2020-21 and 2021-22 is a boost for the near term cash outflows.

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Global Players Invest In Zee Entertainment; Issue Oversubscribed: Report

Earlier this year, Essel Group had sold up to 11 per cent in Zee Entertainment to Invesco Oppenheimer Developing Markets Fund for Rs 4,224 crore.

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Public Sector Banks Disburse Record Rs 2.5 Lakh Crore Loans In October

Finance Minister Nirmala Sitharaman had in September asked banks to reach out to customers and signal their willingness to lend following all prudential norms..

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Bankruptcy Code Set To Face Huge Test In Dewan Housing Case: Experts

The non-bank financing giant Dewan Housing Finance(DHFL) will go into insolvency proceedings, the central bank said on Wednesday, making it the first financial institution to test the new laws.

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Here Are Latest Fixed Deposit Interest Rates Offered By HDFC Bank

HDFC Bank pays interest rates in the range of 3.50-6.40 per cent to the general public on fixed deposits (FD) up to Rs 2 crore, over maturity periods ranging from seven days to 10 years.

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CSB IPO Opens. Should You Invest?

The CSB Bank public offering will be open for subscription for five days from November 22 to November 26, and the price band has been fixed at Rs 193 to Rs 195 per share.

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Government Gives Telcos Option To Defer Spectrum Payments: 10 Points

The government on Wednesday cleared a proposal to give telecom operators the option to defer payment of spectrum-related instalments for next two financial years. In an official statement, the Cabinet...

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Gold Price At Rs 38,290 Per 10 Grams In Delhi: 10 Things To Know

Gold prices were last seen at Rs 38,290 per 10 grams in the national capital on Thursday, according to India Bullion and Jewellers' Association (IBJA). These rates are exclusive of a 3 per cent Goods...

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Sensex Closes 76 Points Lower, Nifty Settles At 11,968

ITC, Axis Bank and Bharti Airtel were the top contributors to the loss in Sensex.

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Sensex Flat As Markets Recover Day's Losses: 10 Things To Know

Domestic stock markets turned flat in afternoon trade amid a volatile session on Thursday, following a two-day winning run. The S&P BSE Sensex index moved in a range of 186.31 points between 40,558.54...

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ICICI Bank Revises Fixed Deposit Interest Rates. Compare New Rates Here

ICICI Bank offers interest rates to the tune of 4-6.60 per cent to the general public on fixed deposit (FD) up to Rs 2 crore, according to the lender's website, icicibank.com. ICICI Bank provides...

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Telecom Stocks 4-Day Rally Halts After Cabinet Nod on Spectrum Payments

Finance Minister Nirmala Sitharaman had announced late November 20 that the Cabinet approved deferring receipts due from Telecom Service Providers (TSPs) for spectrum payment for a period of two...

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Delhi High Court halts asset sale of Reliance Capital

"The court has passed an order placing restrictions on any sale, disposal or creation of any encumbrance on any assets of the company, which inter-alia include the company's 4.28 per cent shareholding...

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Bharat Petroleum Shares Fall After Government's Mega Privatisation Plan

Saudi Aramco, which kicked off the final phase of its $25 billion IPO on Sunday, has been noncommittal on purchasing a stake in Bharat Petroleum Corporation Limited (BPCL) as it is reportedly focusing...

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Zee Entertainment Shares Zooms As Promoters Sell Stake

ZEEL's promoter Essel Group had announced post market closing on Wednesday that it was looking to sell up to 16.5% stake to repay loan obligations to certain lenders of the group. Prior to Wednesday's...

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Sensex Falls Over 40 Points, Nifty Moves Away From 12,000

Domestic stock markets fell in early trade after a positive start on Thursday, a day after the government cleared divestment in five state-run companies including Bharat Petroleum. The S&P BSE Sensex...

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Rs 45,000-Crore Relief For Vodafone, Airtel As Government Defers Dues

The proposal was recommended by a panel of senior bureaucrats under Prime Minister Narendra Modi to help wireless carriers the government estimates owe more than $20 billion in license fees and...

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Subhash Chandra To Lose Control Of Zee Entertainment After Stake Sale

Zee, considered to be the pioneer of television entertainment industry in India, was launched by Subhash Chandra in 1992. Ever since the launch year, the company expanded operations to enter...

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Sensex, Nifty Likely To Open Lower Today

At 8:34 am, the SGX Nifty futures were down 8:34 am 11.00 points - or 0.09 per cent - at 12,001.00.

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Government To Divest Stake In Bharat Petroleum, 4 Other State-Run Firms

India has set a target of raising Rs 1.05 lakh crore ($14.6 billion) through the sale of state stakes in companies by March 2020. It has reached Rs 17,364 crore since April by selling minority stakes...

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Cabinet Approves Import Of 1.2 Lakh Tonnes Onion: Nirmala Sitharaman

Onion prices have come under pressure due to 26 per cent fall in the production to 52.06 lakh tonnes during the kharif output late-kharif seasons of 2019-20.

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Cabinet Clears Bill To Replace Ordinance On Tax Reduction

The tax rate has been reduced to 15 per cent for new domestic manufacturing companies incorporated after October 1.

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Cabinet Approves Sale Of Stakes In Bharat Petroleum: Nirmala Sitharaman

Finance Minister said the Cabinet has also approved cutting government's stake in select PSUs below 51 per cent while retaining management control.

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Cabinet Approves Two-Year Moratorium On Spectrum Payments: Report

The move to defer payments for 2020-21 and 2021-22 will give Rs 42,000 crore relief to Bharti Airtel, Vodafone Idea and Reliance Jio, the report said.

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No Proposal To Waive AGR Penalties On Telecom Operators: Government

Of the total amount, the licence fee comes to Rs 92,642 crore as of July this year, while SUC comes to Rs 55,054 crore as of October-end this year.

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SpiceJet Signs Memorandum Of UnderstandingWith Gulf Air To Expand Reach

In aviation parlance, a codeshare allows two airlines to sell seats on each others' flights to provide passengers with a wider choice of destinations.

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Saudi Aramco IPO Will Bring Investments, Jobs: Saudi King

The IPO "will allow investors inside and outside the kingdom to contribute to this leading company," Saudi Arabia's King Salman said.

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RBI To Begin Bankruptcy Proceedings Against Dewan Housing

Debt-laden DHFL is one of country's top defaulters, and owes close to Rs 1 lakh crore($14 billion) to its debtors, which include banks and mutual funds.

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Rupee Closes Lower At 71.81 Against Dollar: 10 Things To Know

The rupee depreciated by 10 paise to close at 71.81 against the dollar on Wednesday. Weak Asian currencies following a flare-up in US-China tensions weighed on traders sentiments, analysts said....

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Gold Price At Rs 38,450 Per 10 Grams In Delhi, Details Here

Analysts say weak rupee and rally in international prices led to the rise in gold rates on Wednesday.

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Looking To Be Financially Healthy? Key Things To Keep In Mind

We are fast approaching the end of 2019 and it is time to take stock of our financial health. Like physical health, financial health is a key to a happy and successful life. Creating a sound financial...

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Market Regulator Sebi Tightens Disclosure Norms For Loan Defaults

In case of default in repayment of principle or interest on loans beyond 30 days, listed companies will have to disclose "fact of such a default" within 24 hours

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Government's Plan To Pull In 324 Companies Including Tesla, Glaxo: Report

Under the plan, the government will create a land bank for ready-to-move-in industrial clusters, offer investment and location-based incentives and rationalize anti-dumping duties.

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TCS Partners Qualcomm To Launch Innovation Hub In Hyderabad

Designed to facilitate massive data flows with very low latency and ultra-high reliability, 5G and edge computing are expected to transform every industry in the coming years.

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Sensex, Nifty Gain For Second Straight Day; RIL Closes At Record High

Mid- and small-cap indexes underperformed their larger peers as the S&P BSE MidCap index rose 0.25 per cent while the S&P BSE SmallCap index ended on a flat note.

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Centre Committed To Revive BSNL, Make It Profitable: Ravi Shankar Prasad

MTNL has reported losses in nine of the past 10 years and BSNL too has been ringing in losses since 2010.

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How Will FASTag Change The Way You Drive On Highways From December 1

The government has decided to declare all lanes at toll fee plaza on national highways as 'FASTag lanes' from December 1. FASTag is a device that employs Radio Frequency Identification (RFID)...

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Yes Bank Underreported Bad Loans By Rs 3,277 Crore, RBI Assesses

Yes Bank said earlier this month that it has attracted $3 billion of proposals for a stake-sale offer.

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Tata Steel Faces Union Battles On Plans To Cut Up To 3,000 European Jobs

Tata announced the cuts late on Monday as part of wider efforts to boost profitability in Europe, saying around half of the losses would be in the Netherlands and around two-thirds would be...

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Mukesh Ambani's Reliance Breaks Into Club Of 6 Oil Supermajors

Reliance Industries is now valued at $138 billion, compared with the British energy giant's $132 billion value at the close of trading on Tuesday.

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Reliance Industries Nears Rs 10 lakh crore market cap

Reliance Industries Limited (RIL) is within stone's throw of the Rs 10 lakh crore milestone -- hovering at Rs 9.92 lakh crore - after its wholly owned subsidiary Reliance Jio announced plans to hike...

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Sensex Up Over 150 Points; RIL Market Cap Near Rs 10 Lakh Crore

Eleven of 19 sector gauges compiled by BSE were trading higher led by the S&P BSE Telecom index's nearly 3 per cent gain.

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India's Economic Growth May Tank Below 5% To A New Low, Predict Analysts

Growth of 4.2 per cent would be the lowest since authorities adopted a new base year for gross domestic product data in 2012.

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Zomato Denies Merger Talks With Rival Swiggy: Report

Zomato is currently delivering 13 lakh orders a day from 150,000 restaurants across India at more than 10 orders per restaurant per day.

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Tata Steel To Cut Up To 3,000 Jobs In Europe

The steel major released its proposals for a transformation programme of its Europe operations in which it also said that most of the employees to be laid off are likely to be white-collared or office...

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After Airtel And Vodafone-Idea, Reliance Jio To Hike Mobile Tariffs

Billionaire Mukesh Ambani's Reliance Jio on Tuesday said it will increase mobile phone call and data charges in the next few weeks.

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Post Office ATM Card Rules: Transaction Limits, Cash Withdrawal Charges

India Post - which operates a network of more than 1.5 lakh post offices across the country - provides a variety of banking services. The Department of Posts offers several savings schemes with...

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Luxurious Golden Chariot Train To Commence Service From March Next Year

The Golden Chariot is South India's only luxury train. Its services were suspended by the Karnataka government temporarily on account of huge losses.

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Global Economy To Remain Fragile In 2020: Moody's

Risks will be centred around US-China trade disputes, Brexit-related uncertainty and the escalation of other bilateral disputes. At the sector level, spillover effects from trade frictions will drive...

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Private Traders Place Onion Import Orders: Report

The retail prices of onion had soared to Rs 100 per kg a week back in the national capital, but government intervention helped it to cool down a bit, however the rates are still ruling high at over Rs...

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State-Run Banks Report Frauds Of More Of Rs 95,760 Crore In Six Months

"Government has taken comprehensive measures to curb the incidence of fraud in banks," Finance Minister Nirmala Sitharaman, told Rajya Sabha.

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New RBI Nominee On The Board Of Lakshmi Vilas Bank

In September, the RBI has initiated prompt corrective action for LVB after Economic Offences Wing of Delhi Police began probing allegations of cheating and criminal breach of trust against its...

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Sensex Ends Over 150 Points Higher; Reliance Industries Hits Record High

Reliance Industries surged nearly 4$% to hit record high of Rs 1,515 and its market capitalisation crossed Rs 9.5 lakh crore during the session.

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15 Foreign Banks Keen To Open Branch In India: Report

As per RBI Data, already 46 foreign banks are operating in India including two banks operating in wholly-owned subsidiary (WOS) mode.

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Here Are Five Things To Know About CIBIL Score

A credit report is a record of the activity on credit accounts. It is generated on the basis of credit information collected from member banks and credit institutions over a period of time. Credit...

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Gold Price At Rs 38,410 Per 10 Grams In Delhi, Details Here

Gold prices were last seen at Rs 38,410 per 10 grams in the national capital on Tuesday, according to India Bullion and Jewellers' Association (IBJA). These rates are exclusive of a 3 per cent Goods...

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FASTags Mandatory From December 1. Here Is How You Can Buy FASTags

FASTag News: FASTag is a prepaid tag that enables automatic deduction of toll charges and lets the vehicle pass through the toll plaza without stopping for the cash transaction.

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Telecom Stocks Ringing Gains; Bharti Airtel, Vodafone Idea Surge

In a related development, Jefferies upgraded Bharti Airtel to 'hold' from 'underperform' and raised its target price to Rs 407 per share, post the announcement about tariff hike. There is also hope...

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WeWork Plans To Cut 4,000 Jobs: Report

WeWork, like other "unicorn" startups including Uber, Lyft and Slack, was one of the many companies investors and employees hoped would generate wealth on the public markets this year.

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Rupee Drops By 16 Paise To Hit 72 Mark Against Dollar

The rupee had closed at 71.84 against the US dollar on Monday.

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Vodafone Idea, Bharti Airtel To Increase Tariffs From December: 10 Points

Telecom majors Vodafone Idea and Bharti Airtel on Monday announced they will increase their tariffs from next month. In separate statements, the companies said they will increase their tariffs for...

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A Health Check Of Shadow Banks Points To Prolonged Crisis: Report

Authorities have taken more steps recently to help the shadow bank sector, which plays a vital role in getting money to everyone from small merchants to property tycoons. Some observers see an...

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Sensex Rises Over 100 Points, Nifty Hits 11,900

Telecom stocks were in focus after Bharti Airtel and Vodafone Idea - which reported record losses for the quarter ended September 30 - said they will increase tariffs from December 1.

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Sensex, Nifty Likely To Open Lower Today; Vodafone Idea, Airtel In Focus

The S&P BSE Sensex index had ended 72.50 points - or 0.18 per cent - lower at 40,284.19 after a volatile session on Monday, and the broader NSE Nifty benchmark settled at 11,884.50, down 10.95 points...

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Domestic Air Passenger Traffic Up 4% In October: Aviation Regulator

The number of complaints per 10,000 passengers carried for the month of October was around 0.64.

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Indian Oil Imports From Producers' Group OPEC Hits Lowest Since 2011

India, which usually imports about 80 per cent of its needs from members of the Organization of the Petroleum Exporting Countries (OPEC), has been diversifying its sources of oil as local refiners...

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Vodafone Idea, Bharti Airtel To Hike Tariffs From December

Airtel will appropriately increase price offerings in the month beginning December," Bharti Airtel said in a press release.

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Supreme Court Stays Order Holding That Sebi Lacks Power To Bar Auditors

The SAT, in its order which set aside the ban on audit firm Price Waterhouse (PwC), had noted that Sebi does not have the power to bar auditors.

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Fiscal Stimulus Needed To Revive India's Stuttering Economy: Analysts

Growth in Asia's third-largest economy has been hit by weak consumer demand and slower government spending.

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Vodafone Idea Says Will "Suitably Increase Tariffs" From December 1

Mobile data charges in India are by far the cheapest in the world even as the demand for mobile data services continue to grow rapidly, the company said.

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How To Prepare And File Income Tax Return Online: A Step-By-Step Guide

A belated filing of income tax return for financial year 2018-19 (AY2019-20) till December 1 attracts a penalty of Rs 5,000 under tax laws.

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Tata Steel Plans To Cut Jobs Across European Operations

Tata Steel, which launched a transformation programme in June to strengthen its European business, has operations including steel-making in Netherlands and Wales, and downstream operations across...

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Replacing Pratt Engines In IndiGo Fleet By January End A Challenge: CEO

Low cost carrier IndiGo is Airbus' biggest client for A320neo planes, and while the United Technologies' P&W engines are fuel efficient there have been issues since they entered service in 2016,...

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All You Need To Know About Goods And Services Tax

The Goods and Services Tax or GST which was implemented in July 2017 subsumed all the central excise duties and local levies.

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Emirates Announces $16 Billion Deal To Buy 50 Airbus 350s

Emirates Airline said Monday it will buy 50 Airbus 350-900 aircraft in a deal worth $16 billion, with delivery to begin from May 2023.

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Sensex, Nifty End Flat With Negative Bias; Mid And Small Caps Outperform

The Sensex spiked in first 30 minutes of trade before turning rangebound for the day. The Nifty 50 index hit a high of 11,946.20 and low of 11,867.60.

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Government To Relax Norms For Global Miners; Industry Sceptical: Report

The government plans to float global tenders for the first time for coal mining blocks before end-2019, sources familiar with the matter told Reuters in August, a move that could end Coal India Ltd's...

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Government Plans Strategic Stake Sales In 28 Companies

The government has so far raised Rs 17,364 crore ($2.43 billion) in the 2019-20 fiscal year ending in March, against the full-year's target of Rs 1.05 lakh crore.

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Boeing, Airbus kept in suspense over big Dubai jet deals

The world's top jetmakers are trying to win final approval for more than $30 billion in orders from Emirates that have been on ice for up to two years as Emirates protests about industrial delays.

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Sensex, Nifty Give Up Day's Gains; Consumer Goods Stocks Fall

Domestic stock markets have given up their early morning gains to trade flat. The S&P BSE Sensex has shaved off nearly 200 points from intra-day highs and is at 40,353 , and the broader NSE Nifty...

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Post Office Small Savings Schemes: These Accounts Offer 4-8.6% Return

Post office small savings schemes are handy investment tools in such a scenario as they provide a decent rate of interest. Moreover, these saving schemes are low on risk and are designed for every...

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RBIs Increasingly Tough Balancing Act Amid Slowdown, Bad Debt

Shaktikanta Das, overseeing what was until recently the world's fastest-growing major economy, has worked tirelessly to restore relations with the government after a bitter public spat led his...

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Sensex Rises Over 180 Points, Nifty Near 11,950

At 9:20 am, the Sensex traded 136.65 points - or 0.34 per cent - higher at 40,493.34, while the Nifty was up 35.80 points (0.30 per cent) at 11,931.25.

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Petrol Price Hiked For Fifth Day In A Row

The prices have been affected by the rise in the crude oil rates in the international market.

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RBI's Shaktikanta Das Calls For Tighter Governance at State-Run Banks

India's banking sector has the highest ratio of stressed assets in the world, with many bad loans to companies in sectors such as energy and steel.

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Sensex, Nifty Likely To Open Lower Today

The SGX Nifty futures are an early indicator of the National Stock Exchange (NSE) Nifty index in India.

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US-China Trade Talks, Macro-Economy To Drive Indian Equities

After a subdued trade in the week gone by, the Indian equity market is likely to be largely impacted by progress in the US-China trade talks.

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All You Need To Know About LIC's New Money Back Plan 20 Years

LIC New Money Back Plan 20-Years can be purchased by any individual for minimum sum assured of Rs 1 lakh and there is no upper limit for sum assured, LIC mentioned on its website...

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Tatkal Train Ticket Booking: Rules, Charges, Timings Other Details Here

IRCTC Tatkal News: Tatkal train ticket booking service of Indian Railways allows passengers to travel on an urgent basis by paying a premium to the normal train ticket fares.

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Aramco Declares $1.71 Trillion Valuation In Blockbuster IPO

Aramco said it would sell 1.5 per cent of the company in a blockbuster initial public offering worth at least $24 billion.

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Saudi Aramco IPO Could Strengthen Government Finances: Report

The world's most profitable company starts a share sale on November 17 in an initial public offering (IPO) that may raise between $20 billion and $40 billion.

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Air India Announces New International Flights, Details Here

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

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Anil Ambani, 4 Others Resign From Bankrupt Reliance Communications

Reliance Communications is under the corporate insolvency resolution process under provisions of the Insolvency and Bankruptcy Code 2016.

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Untimely Rains Hit Summer Crops, Delay Rural Economy Recovery

The heavy downpours also elevated prices of vegetables such as onions and tomatoes and lifted food inflation to 7.89% in October from a year earlier.

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Novartis Sickle-Cell Drug Gets US Approval

The drug will be priced between $84,852 and $113,136 per year for most patients, who will typically infuse themselves with between three and four vials each month, Novartis said.

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How Much SBI Charges For Non-Maintenance Of Minimum Balance

SBI accounts are categorised into four types depending on their location: metro, urban, semi-urban and rural.

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Latest FD Interest Rates Offered By Kotak Bank, Bank of Baroda

State Bank of India, Kotak Bank and BOB provide a myriad of maturity options to retail customers for setting up fixed deposits, starting from seven days to as long as 10 years.

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

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

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Hopeful Growth Will Be Better In Second Half Of Financial Year: Minister

The Minister also said companies are planning new investments as a response to corporate tax cuts announced in September.

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IndiGo, GoAir Get More Time To Change Faulty Pratt & Whitney Engines

Non-compliance with the DGCA directives meant grounding of their fleet.

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No Cut In Welfare Schemes Despite Low Revenues: Nirmala Sitharaman

The minister said she expected November GST collection to be "good". GST revenues stood at Rs 95,380 crore in October.

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Alibaba Launches Hong Kong IPO, Aims To Raise $13.4 Billion

The offer price for the public retail offering will be no more than 188 HK dollars (24 US dollars) per share.

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Rupee Rises By 18 Paise To End At 71.78 Against Dollar

At the forex market, the rupee opened at 71.80 against the dollar. It fluctuated between a high of 71.68 and a low of 71.87 in day trade.

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Government Mulls Raising Insurance Cover On Bank Deposits: Minister

At present, bank depositors get an insurance cover of Rs 1 lakh on their amount by the deposit insurance and credit guarantee corporation.

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Trade Deficit Narrows To $11 Billion In October

Exports during April - October this fiscal dipped by 2.21 per cent to $185.95 billion.

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Salaries Not Under GST Purview, CBIC clarifies

The CBIC said that GST law clearly states under Section 7(2) read with schedule three of the Central GST Act 2017 that salaried services by an employee to an employer will be treated neither as a...

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Government Notifies Rules For Resolution Of Financial Service Providers

The corporate affairs ministry has notified the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019...

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Gold Price At Rs 38,200 Per 10 Grams In Delhi: 10 Things To Know

Gold prices were last seen at Rs 38,200 per 10 grams in the national capital on Friday, according to India Bullion and Jewellers' Association (IBJA). These rates are exclusive of a 3 per cent Goods...

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Sensex Ends 70 Points Higher, Nifty Settles At 11,895

The Sensex ended 70.21 points - or 0.17 per cent - higher at 40,356.69 and the Nifty settled up 23.20 points - or 0.20 per cent - at 11,895.30.

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Top Banks Pay These Interest Rates On Fixed Deposits Up To Rs 2 Crore

State Bank of India, HDFC Bank and ICICI Bank provide a range of maturity options to retail customers for setting up fixed deposits, starting from seven days to as long as 10 years.

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Rural Consumer Demand Slumps To 4-Decade Low: Report

Consumer demand in villages fell 8.8 per cent between July 2017 and June 2018 - the sharpest 12-month drop since 1972-73, the report said.

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Bharti Airtel Shares Spike Over 6% After Q2 Results

The telecom majors Vodafone Idea and Bharti Airtel had reported huge losses in the July-September period on account of high provisions for outstanding government dues.

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Top Court Allows ArcelorMittal To Complete Deal To Acquire Essar Steel

The NCLAT cannot interfere with the commercial decisions taken by the COC, the top court said.

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Vodafone Idea Posts Record Rs 50,922 Crore Loss In Q2 As Provisions Soar

Vodafone Idea on Thursday reported a net loss of Rs 50,921.9 crore for the quarter ended September 30 - marking the biggest quarterly loss in India's corporate history. Provisions for outstanding...

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Government May Cut Stake In Indian Oil To Below 51%: Report

A slippage will put the government's goal of capping its budget deficit at 3.3 per cent of gross domestic product at risk, and prompt rating companies to put India's credit score on a path for a...

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Sensex, Nifty Rise In Pre-Open Market

On Thursday, the S&P BSE Sensex index had risen170.42 points - or 0.42 per cent - to end at40,286.48 and the broader NSE Nifty benchmark settled at11,872.10, up 31.65 points (0.27 per cent) from the...

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Sensex, Nifty Likely To Open Higher Today

On Thursday, the S&P BSE Sensex index had risen 170.42 points - or 0.42 per cent - to end at 40,286.48 and the broader NSE Nifty benchmark settled at 11,872.10, up 31.65 points (0.27 per cent) from...

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Vodafone Idea, Airtel Shares In Focus Today

Shares in Vodafone Idea ended 20.27 per cent lower at Rs 2.95 apiece on the BSE on Thursday, while the Airtel stock declined 1.59 per cent to Rs 362.65, ahead of the earnings announcements.

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Vodafone Idea Loss Widens To Rs 50,922 Crore In September Quarter

Vodafone Idea's revenue from services rose 42 per cent year-on-year to Rs 10,838.9 crore.

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Deadline For Filing Annual GST Returns Extended; Forms Simplified

In another relief, the government has decided to simplify the two GST forms by making various fields of these forms as optional, the Central Board of Indirect Taxes and Customs (CBIC) said in a...

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Bharti Airtel Reports Loss Of Rs 23,045 Crore In September Quarter

Shares in Bharti Airtel ended 1.59 per cent lower at Rs 362.65 apiece on the BSE ahead of the earnings announcement.

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Gold Prices Rise Marginally To Rs 38,995

In the international market, both gold and silver were trading higher at $1,466.50 per ounce and $16.97 per ounce respectively.

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SpiceJet's September Quarter Loss Widens To Rs 463 Crore

SpiceJet reported a net loss in the second quarter to Rs 463 crore, but there was a rise in the operational revenue to to Rs 2,845.3 crore. SpiceJet said that it is in the process of determining its...

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Sensex Closes 170 Points Higher Led By Gains In ICICI Bank, HDFC Bank

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

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Vedanta Reports Profit Of Rs 2,158 Crore In September Quarter

At 2:18 pm, the Vedanta stock traded 3.27 per cent lower at Rs 143.40, underperforming the benchmark Sensex index which was up 0.25 per cent.

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Moody's Cuts India's GDP Growth Forecast To 5.6% For 2019-20

Moody's said GDP slowdown is lasting longer than previously expected.

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Love Of Cash Hinders India's Move To Digital Economy

For many citizens living in rural areas, cash is still the bedrock of daily existence because of a lack of facilities.

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Wholesale Inflation At 0.16% In October

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

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Top Financiers Score Overseas Loans Despite Shadow Banking Crisis: Report

Highly-rated firms including Tata Capital Housing Finance Ltd., L&T Finance Ltd. and Fullerton India Credit Co. have sought loans in the global market in recent months.

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Mumbai Trump Tower Builder Downgraded By Moody's Amid Real Estate Crisis

Property companies, which have been increasingly relying on shadow banks for borrowing, are struggling to roll over debt as the lenders themselves are facing a cash squeeze, raising prospects of a...

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How To Find Out Today's Petrol And Diesel Rates On Your Mobile

Petrol and diesel prices are currently reviewed by state-run oil marketing companies such as Indian Oil, Bharat Petroleum and Hindustan Petroleum on a daily basis, and any changes are implemented at...

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Petrol Price Hiked By Up To 16 Paise/Litre, Diesel Price Unchanged

In Mumbai, the price of petrol stood at Rs 79.12 per litre, up 15 paise per litre compared to Wednesday's rate, and that of diesel remained at Rs 69.01 per litre, data from Indian Oil showed.

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Sensex, Nifty Likely To Open Higher Today

On Wednesday, the S&P BSE Sensex index had closed 229.02 points - or 0.57 per cent - lower at 40,116.06 and the broader NSE Nifty benchmark settled down 73.00 points (0.61 per cent) at 11,840.45.

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Clear Dues In 3 Months As Per Top Court Order, Telecom Firms Told: Report

The Supreme Court in its last month's ruling said, "We give three months'' time to deposit the amount, which is due and compliance be reported."

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BSE Seeks Clarification From Infosys On New Whistleblower's Complaint

The whistleblower claimed to be an employee in the company's finance department said that Mr Parekh kept visiting the US every month to retain his Green Card status.

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Vodafone's Joint Venture In India In Precarious Situation: HSBC

"Vodafone's CEO reiterated that there will be no further injection of group equity into India," HSBC said.

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BSNL To Raise Rs 15,000 Crore Through Sovereign Bonds Next Month

Government bond or sovereign bond is a bond issued by a national government, generally with a promise to pay periodic interest payments called coupon payments and to repay the face value on maturity.

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Retail Inflation Jumps To 4.62% In October, Here's What Experts Say

Annual retail inflation in October was higher compared with 3.99 per centin the previous month and analysts' forecasts.

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Retail Inflation Quickens To 4.62% In October, Hits 16-Month High

Prices of most vegetables climbed last month as monsoon downpours delayed harvests and disrupted supplies.

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Finance Ministry Seeks Suggestions For Rationalising Income Tax

Revenue department in finance ministry put out circular seeking suggestions for changes in income tax rates for both individuals and corporates.

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Gold Price At Rs 38,170 Per 10 Grams In Delhi: 10 Things To Know

Gold prices stood at Rs. 38,170 per 10 gram in the national capital on Wednesday, according to India Bullion and Jewellers' Association (IBJA). These rates are exclusive of 3 per cent Goods and...

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HDFC Charges Rs 150-600 Fine For Insufficient Balance In These Accounts

HDFC Bank charges a fee to the tune of Rs 150-600 (excluding taxes) for insufficient balance in regular savings accounts held in its metro, urban and semi-urban branches.

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Rupee Slips Below 72-Mark Against Dollar

Forex traders attribute the weakness in the forex market to weak factory output numbers and weak global cues.

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Sensex Closes Over 200 Points Lower Paced by Losses In Banking Shares

All the 11 sector gauges compiled by National Stock Exchange ended higher led by the Nifty Media index's 4.5 per cent fall.

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Opinion: In Telecom Row, Government Could Be Making A Grave Mistake

The government should see the folly of effectively turning the telecom industry into a two-horse race between Reliance Jio Infocomm Ltd., controlled by Mukesh Ambani, the richest Indian, and Bharti...

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Some Of The World's Richest Investors Prep for Turbulent 2020: Survey

A majority of rich investors expect a significant drop in markets before the end of next year, according to a survey of global respondents.

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India's Passive Funds Set To Beat Active Funds For Second Year

Active funds' AUM stood at $94.4 billion at the end of third quarter, while passive funds' AUM were just $3.3 billion.

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Sensex, Nifty Turn Choppy Amid Cautious Trade: 10 Things To Know

Domestic stock markets swung between gains and losses on Wednesday after starting the session on a flat note. The S&P BSE Sensex rose as much as 102.09 points to hit 40,447.17 and slipped as much as...

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Petrol, Diesel Prices Steady After Five Days Of Hike

In Delhi and Mumbai, the petrol price was increased by 10 paise per litre on Tuesday.

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

The Sensex had on Monday ended 21.47 points - or 0.05 per cent - higher at 40,345.08 and the Nifty settled at 11,913.45, up 5.30 points from the previous close, after a volatile session.

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Post Office Recurring Deposit Account: Interest Rate And More

Post office recurring deposit (RD) can be opened with a minimum of Rs10 per month or any amount in multiples of Rs 5.

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Indian Oil In Talks With Rosneft To Import Russian Oil

India, the world's third-biggest oil importer and consumer, ships in about 60 per centof its overall crude needs from the middle eastern countries.

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Vodafone Half Yearly Results Hit By Indian Operations

Vodafone said in the comparative period, Vodafone combined its subsidiary, Vodafone India with Idea Cellular in India.

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Kotak Mahindra Bank Pays These Interest Rates On FDs Up To Rs 2 Crore

Kotak Mahindra Bank offers an interest rate of 6.45% to the general public on fixed deposits up to Rs 2 crore over a maturity period of 364 days.

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GDP Growth In Second Quarter May Lower To 4.2%: State Bank Of India

State Bank of India (SBI) joins all other global agencies -- the ADB, World Bank, OECD, RBI and the IMF -- in downgrading India's FY20 growth rates.

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"Either Take Boots Off Neck...," Vodafone CEO Warns Government: UK Media

Reports say that Mr Read has communicated to the Prime Minister Narendra Modi government that it will not provide any more capital in India.

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L'Oreal, Nestle Score Big At Alibaba's Singles' Day Shopping Fest

Alibaba said on Tuesday that 299 brands surpassed 100 million yuan in gross merchandise value.

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Indian Oil Expects Diesel Demand To Recover In Six Months

Fuel demand fell to its lowest in more than two years in September, with consumption of diesel at its weakest since January 2017.

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Hurt By Jio Price War, Vodafone May Suffer $1.1 Billion Write-Down

The company could write down its 45 per cent stake in Vodafone Idea Ltd. to around 600 million euros ($662 million) in half-year results Tuesday.

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Another Whistleblower Guns At Infosys CEO Salil Parekh

The whistleblower said that the company had incurred Rs 22 lakh towards his airfare and local transportation.

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Stock Markets Shut On Account Of Gurunanak Jayanti

According to a report by CARE Ratings net assets of Indian mutual fund (MF) industry grew to record high of Rs 26.33 lakh crore in October 2019.

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Indian Oil Looks To Import Russian Oil, Says Chairman

India, the world's third-biggest oil importer and consumer, ships in about 60 per cent of its overall crude needs from the middle-eastern countries.

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Government To Start Air India Roadshows In Singapore This Week: Report

The national carrier has a debt of Rs 57,000 crore and the bids will be invited for 100 per cent stake.

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Moody's Cuts Global Sovereign Rating Outlook To "Negative" For 2020

Moody's now expects growth in G20 group of top world economies to stay around 2.6 per cent next year, after 3 per cent in 2018.

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Rupee Closes At Nearly 1-Month Low Against Dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.14 per cent to 98.21.

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Industrial Production Shrinks By 4.3% In September

The country's economic slowdown deepened as the industrial production measured by the Index of Industrial Production (IIP) contracted for second month in a row.

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Power Demand Falls At Fastest Pace In At least 12 Years

June quarter GDP grew at its weakest pace in six years as consumer demand and government spending slowed.

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Gold Price At Rs 38,070 Per 10 Grams In Delhi: All You Need To Know

In India, gold demand is expected to fall to its lowest level in three years in 2019, the World Gold Council (WGC) said earlier this month.

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Sensex, Nifty End Flat; Banks Gain, IT Shares Fall

Six of 11 sector gauges compiled by National Stock Exchange ended higher led by the Nifty Media index's nearly 3 per cent gain.

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Axis Bank Revises Fixed Deposit Interest Rates From This Month

Axis Bank offers interest rates to the tune of 3.50-6.85% to the general public on fixed deposit (FD) up to Rs 2 crore.

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IRCTC Surges On Heavy Volumes; Shares Climb 45% Since Stock Market Debut

Since the listing of its shares on the stock markets, IRCTC has given remarkable returns to its investors as the stock price of the company has zoomed 45 per cent.

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Opinion: Why Indian Immigrants Are Rocketing To The Top In US

Almost all children of recent immigrants tend to be more upwardly mobile than people whose parents were born in the US.

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Latest Fixed Deposit (FD) Interest Rates Offered By PNB

On fixed deposits up to Rs 2 crore of a maturity period of 1 year, PNB now offers an interest rate of 6.4% to the general public and 6.95% to senior citizens.

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Marginal Rise In Passenger Vehicle Sales In October, Production Falls 21%

Total domestic sales - including passenger vehicles, commercial vehicles and two wheelers - however declined 12.76 per cent on a year-on-year basis, SIAM data showed.

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This Is India's Priciest Stock, And Investors Are Pouring Cash Into It

Consumer businesses are suffering in India as economic expansion has slowed to a six-year low, exacerbated by a credit crunch amid a shadow banking crisis.

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Alibaba Singles' Day Sales Hit $23 Billion In First Nine Hours

Sales hit $1 billion in the first minute and eight seconds and reached 84 billion yuan in the first hour, up 22% from last year's early haul of 69 billion yuan.

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Sensex, Nifty Likely To Open Lower Today

On Friday, the Sensex had ended 330.13 points - or 0.81 per cent - lower at 40,323.61 and the Nifty settled at 11,908.15, down 103.90 points - or 0.86 per cent - from the previous close.

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Lower Base Prices Being Mulled For Spectrum Auction: Report

There could be up to a 35 per cent reduction in spectrum auction prices though the matter is still under discussion, the report said quoting sources.

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SBI Revises Fixed Deposit (FD) Interest Rates From Today

The SBI FD rates have been lowered by 15 basis points or 0.15 percentage points across a select tenor in the retail segment (FDs below Rs 2 crore).

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Government's Sell-off Yield At Rs 12,995 Crore, Target Rs 1.05 Lakh Crore

During the current financial year 2019-20, Rs 12,995.46 crore have been obtained by the exchequer through disinvestment transactions so far.

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Petrol Price Rise For Third Straight Day, Check Rates Here

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

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Saudi Aramco Prospectus Flags Risks, Gives Few Details On IPO Size

Sources have said the company could sell 1 per cent-2 per cent on the Saudi stock market in what could be the world's largest listing.

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SBI Home Loans Get Cheaper From Today, Details Here

SBI's marginal cost-based lending rateor MCLR, the rate to which all of its home loans are linked, now stands at 8 per cent for the one-year tenor, from 8.05 per cent earlier.

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Healthy Quarterly Results Expected To Push Markets Higher: Experts

The National Statistical Office (NSO) is slated to release the macro-economic data points of IIP and CPI on November 11.

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IndiGo Codeshare To Be Operational From December: Qatar Airways

The deal will enable Qatar Airways to place its code on IndiGo flights between Doha and Delhi, Mumbai and Hyderabad.

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Sensex, Nifty Rise For Second Straight Week. Here Are The Biggest Movers

Out of the 11 sectoral indices on the National Stock Exchange, the Nifty Realty was the top percentage gainer for the week, rising 3.65 per cent.

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From November 10, SBI's New Lending Rates Will Come Into Force

MCLR or marginal cost-based lending rate is the interest rate at which most of State Bank of India's loans are linked.

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Maruti Suzuki Cuts Production For 8th Straight Month

The production of passenger vehicles was down 117,383 units from 1,48,318 in October last year, while Van produced slipped nearly by half from 13,817 in October 2018 to 7,661 last month.

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From November 10, SBI To Pay Lower Interest Rates On These Fixed Deposits

SBI Fixed Deposit Interest Rate: SBI has reduced the interest rate applicable to retail term deposits of one year to less than two years by 15 basis points (to 6.25 per cent for the general public and...

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Alibaba Hires More Banks On Up To $15 Billion Listing: Report

The online Chinese retail giant has appointed Citigroup, JP Morgan and Morgan Stanley to work on the deal, as was first reported on Saturday by news agency Bloomberg.

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Luxury Giant LVMH Does Not Rule Out Raising Tiffany Bid: Report

The owner of Louis Vuitton, Dior and Moet & Chandon revealed late last month it was exploring a takeover of Tiffany.

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India's Diesel Exports To Weigh On Asia's Refining Margins

State-owned refiners, such as Indian Oil Corp, Bharat Petroleum Crop and Hindustan Petroleum Corp, used to buy in supplies from private companies to meet demand at the pump.

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Suzuki Rethinks Promise Of India's Auto Market, And It Is Not Alone

India's auto sector has gone into a tailspin this year as tight liquidity at shadow banks, high taxes and a weak rural economy have sapped consumers' buying power.

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Banks Asked Not To Levy Charges On NEFT From January

The central bank has also proposed that FASTags would be enabled to pay for parking fee and even at fuel stations.

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Retail Inflation Probably Breached RBI Target Last Month: Poll

The November 4-7 Reuters poll of 39 economists forecast annual consumer price inflation rose to 4.25 per cent in October.

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Bad Debt Pile Eased By Write-Offs, Underlying Problem Far From Resolved

The write-offs illustrate the urgent problem of bad loans as borrowers struggle to service, let alone pay-off, their debt in a stuttering economy.

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Sensex Breaks 2-Day Record-Breaking Run, Falls Over 300 Points

Eight of 11 sector gauges compiled by National Stock Exchange ended lower led by Nifty Pharma index's 2.2 per cent gain.

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Eicher Motors Profit At Rs 570 Crore In Q2

Shares in Eicher Motors jumped as much as 2.84 per cent to Rs 22,038.40 apiece on the BSE after the earnings announcement.

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Mahindra & Mahindra Profit Drops To Rs 1,355 Crore in September Quarter

Mahindra & Mahindra along with its subsidiary Mahindra Vehicle Manufacturers Limited on Friday reported net profit of Rs 1,355 crore.

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India Slowdown "Deeper And Longer Than Anticipated," Says Moody's: Report

The government said Friday it took note of the Moody's revision, while flagging the economy continues to be among the fastest-growing major ones in the world.

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SBI Steeply Slashes Deposit Rates; Lowers Lending Rates Marginally

With this reduction, the one year MCLR, to which most of its loan prices are linked, will come down to 8 per cent, the bank said in a statement.

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"Disinvestment May Enable Sustainability": Air India Chief's Open Letter

There is absolutely no cause for any undue concern, Air India chairman Ashwani Lohani wrote to the airline's employees.

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Fundamentals Remain Quite Robust: Government On Moodys Outlook Change

The Finance Ministry said the fundamentals of the economy remain quite robust with inflation under check and bond yields low.

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Sensex, Nifty Likely To Open Lower Today

On Thursday, the Sensex had ended 183.96 points - or 0.45 per cent - higher at 40,653.74 and the Nifty settled up 46.00 points (0.38 per cent) at 12,012.05.

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Moody's Lowers India's Outlook To 'Negative' From 'Stable'

The outlook partly reflects government and policy ineffectiveness in addressing economic weakness, which led to an increase in debt burden from already high levels, the ratings agency said.

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"India Outperforms In October," Nirmala Sitharaman Tweets

Finance Minister Nirmala Sitharaman on Thursday tweeted about India's performance on economic front.

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Qatar Airways To Look At Setting Up Airline In India: CEO

In September last year, he had said the airline would wait for "another 12 months" to decide on setting up an airline in India.

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Mindtree Chief Financial Officer Pradip Kumar Menon Resigns

Mr Menon has tendered his resignation as the CFO of the company as he would be pursuing career opportunities outside the company, Mindtree said.

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Rs 25,000-Crore Realty Fund A Big Relief For Consumer, Builder: Experts

On Wednesday, Finance Minister Nirmala Sitharaman said the government will put in Rs 10,000 crore in the Alternative Investment Fund (AIF) and the remaining amount will be provided jointly by State...

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Homebuyers Can Approach Banks For Additional Borrowing, Says Government

The finance ministry said the maximum funding will be Rs 400 crore for any single project that will be seeking assistance from the ''special window''.

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Closely Monitoring Situation At PMC Bank: Shaktikanta Das

RBI had imposed withdrawal restrictions on account-holders after it found alleged irregularities to the tune of Rs 4,355 crore.

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Sensex Extends Record Run, Nifty Ends Above 12,000 After 5 Months

Thirteen of 19 sector gauges compiled by BSE ended higher led by the S&P BSE Metal and S&P BSE Energy indexes nearly 1 per cent gain.

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Sun Pharma Profit At Rs 1,064 Crore In September Quarter

On the BSE, the Sun Pharma stock jumped as much as 3.15 per cent to Rs 441.00 apiece after the earnings announcement.

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ArcelorMittal Wants To Cut 5,000 Jobs: Italy Prime Minister

The announcement caused shockwaves in Italy where the deal was expcted to safeguard thousands of jobs.

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Slowing Economy Spells Tough Times Ahead For Rupee: Poll

After falling nearly 9 per cent in 2018, the Indian currency has shed another 4 per cent this year to touch a 2019 trough of 72.40 per dollar.

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Government Not Planning To Help Banks Rescue Shadow Lender DHFL: Report

As DHFL is a private company with limited links to government, New Delhi is likely to stay clear, said the sources requesting anonymity.

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"No Interest In Buying Stake In Air India, Only IndiGo": Qatar Airways

Qatar Airways CEO said that he is interested in buying a stake in IndiGo but this is not the right time as issues among promoters are yet to be resolved.

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Indiabulls Housing Finance Q2 Profit Dips 32% To Rs 702 Crore

At 11 am, the stock of Indiabulls Housing Finance was trading 10.15 per cent higher at Rs 241.50 on BSE Ltd.

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Yes Bank Shares Fall 4% After Moody's Places Ratings Under Review

On the Bombay Stock Exchange (BSE), Yes Bank shares fell as much as 3.92 per cent to an intraday low of Rs66.05apiece.

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IndiGo, Qatar Airways Announce Codeshare Agreement

Qatar Airways will place its code "QR" on IndiGo operated flights between the mentioned destinations, IndiGo said.

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Sensex, Nifty Give Up Most Of Day's Gains: 10 Things To Know

Domestic stock markets started Thursday's session on a positive note, led by a rally in real estate stocks after the government announced a Rs 25,000-crore special window for stalled real estate...

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Sensex, Nifty Likely To Open Higher Today

On Wednesday, the Sensex had ended 221.55 points (0.55 per cent) higher at 40,469.78 and the Nifty settled at 11,966.05, up 48.85 points - or 0.41 per cent - from the previous close.

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Cabinet To Review Bharat Petroleum Sale Proposal Next Week: Report

The government plans to sell its entire 53.29 per centstake along with management control in BPCL for about $10 billion.

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Centre Announces Rs 25,000 Crore Fund For Stalled Real Estate Projects

She said that the special window for funding of stalled affordable and middle-income housing projects will enable home-buyers to get delivery of homes locked in stalled housing project.

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BSNL Rolls Out Voluntary Retirement Scheme For Its Employees

BSNL Chairman and Managing Director P K Purwar said that the scheme will be open between November 4 and December 3.

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Rupee Ends 28 Paise Lower At 70.97 Against Dollar

INR vs USD: According to analysts, continuing uncertainty over the US-China trade deal affected currency market sentiment worldwide.

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"Even God Can't Change This Company's Numbers": Infosys' Nandan Nilekani

Mr Nilekani's statement came on a day a report on the sacking of "non-performing employees" emerged.

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Boeing Says India Will Order 2,380 Jets From Planemakers Over 20 Years

India's passenger traffic growth has stumbled this year following the collapse of Jet Airways in April and softer economic conditions.

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Titan Shares Fall Nearly 10% After Earnings Announcement

Titan on Tuesday reported 1.8 per cent rise in standalone net profit at Rs 320.16 crore for the second quarter ended September 30, 2019.

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Complete Resolution Process Within 90 Days: Top Court To Jaypee Infratech

On July 30 this year, the National Company Law Appellate Tribunal (NCLAT) had allowed fresh bidding for the cash-strapped JIL but had barred its promoter Jaypee Group from participating in the...

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Sensex Hits All-Time High Led By Gains In ICICI Bank, Infosys: 10 Points

The S&P BSE Sensex surged as much as 569 points from the day's lowest level to hit a new all-time high of 40,607 led by gains in ICICI Bank, Infosys, HDFC, HDFC Bank, Larsen & Toubro and Kotak...

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India Seeks Foreign Investments In Oil And Gas Sector: Dharmendra Pradhan

India will secure capital, world-class technology and implement any policy reforms needed to become an international energy leader, Mr Pradhan said at an energy conference in Delhi.

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India's Biggest Shopping Season Wasn't All That Big, Says Report

Purchasing managers surveys on manufacturing and services activity for October indicate that demand in the economy is still pretty weak.

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Infosys Condemns "Mischievous Insinuations" Made Against Co-Founders

The statement comes after the IT services major said on Monday that it received no evidence to support the allegations in a whistleblower letter from last month.

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Finance Minister Nirmala Sitharaman Hints At More Sops For Housing Sector

Ms Sitharaman also admitted that the issues facing the real estate sector have not been addressed fully.

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Sensex, Nifty Set For A Weak Start; Tech Mahindra In Focus: LIVE Updates

Tech Mahindra and Titan will be among some of the companies which will be in focus on Wednesday as they may react to their second quarter earnings released after market hours on Tuesday.

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Infosys Fires Non-Performing Employees: Report

The country's second largest software services company - Infosys - has terminated the services of non-performing employees at multiple levels.

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Government Supports Free Trade Talks With EU After Refusing To Join RCEP

Trade Minister Piyush Goyal said sectors such as gems, textiles and agriculture have pushed for a trade pact with the EU.

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Rupee Ends Higher At 70.69 Against Dollar

On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 473.17 crore on Tuesday, provisional exchange data showed.

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GoAir Offers Flight Tickets From Rs 1,214, Details Here

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

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Withdrawal Limit Raised To Rs 50,000 For Crisis-Hit PMC Bank Customers

This is the fourth time the regulator has increased the withdrawal limits for PMC Bank account holders since it clamped down on bank on September 23.

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Monthly Income Scheme (MIS): Interest Rate, Investment Limits And More

India Post, the operator of postal system in the country, also offers nine types of savings schemes with different interest rates. Monthly income scheme (MIS) account, one such savings scheme being...

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Tech Mahindra Profit Up 17% At Rs 1,124 Crore In Q2

Tech Mahindra on Tuesday reported a net profit of Rs 1,123.9 crore for the July-September period, marking an increase of 17.16 per cent compared with the previous quarter. In a regulatory filing after...

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Senex, Nifty Break 7-Day Winning Streak; Infosys, RIL Top Drags

All sector gauges, barring the Nifty FMCG index, ended lower led by the Nifty Media index's 1.4 per cent fall.

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Punjab National Bank Reports Profit Of Rs 507 Crore In September Quarter

Punjab National Bank's asset quality showed a slight deterioration in second quarter of current financial year. Its gross non-performing assets stood at Rs 79,458.09 crore in September quarter...

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Rakesh Jhunjhunwala Buys Shares Worth Rs 87 Crore In Yes Bank

Ace investor Rakesh Jhunjhunwala has purchased a total of 1.29 crore shares of Yes Bank at an average price of Rs 67.10 per share via bulk deal on November 4.

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Suzuki Motor Q2 Profit Drops 32% Amid India Demand Slump

Last month, Suzuki cut full-year operating profit forecast by nearly 40 per cent to 200 billion yen, which would be a four-year low.

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IndiGo, Qatar Airways To Make Strategic Announcement On November 7

IndiGo is planning an aggressive push to more international destinations and the airline's CEO Ronojoy Dutta and Qatar Airways CEO Akbar Al Baker will "talk about the vision and future for both the...

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Petrol Prices Fall For Fifth Straight Day, Check Rates Here

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

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Gold Demand Expected To Hit Three-Year Low: World Gold Council

Two-thirds of gold demand comes from rural areas, where jewellery is a traditional store of wealth.

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Services Activity Contracts For Second Straight Month: Survey

The last time services activity contracted for two consecutive months was in August 2017 following the hasty implementation of a Goods and Services Tax (GST).

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Sensex, Nifty Likely To Open Lower Today

On Monday, the Sensex ended with a gain of 136.93 points (0.34 per cent) at 40,301.96 and the Nifty settled at 11,941.30, up 50.70 points - or 0.43 per cent - from its previous close.

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Opinion: Yes Bank Must Stop Loose Talk And Approve A Fundraising Offer

In early September, CEO Ravneet Gill told Reuters that Yes was in "fairly advanced level of talks" with a top global technology company for a stake sale.

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McDonald's Names Chris Kempczinski As New Chief Executive Officer

Mr Kempczinski, 51, takes over the helm four years after joining the company as an executive vice president.

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IndiGo Offers International Flight Tickets From Rs 8,490

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

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India Rejects Asia-Wide Trade Deal, As Others Move Ahead

The United States-China trade war has given new impetus to years of discussions on the trade bloc.

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Rupee Ends At 5-Week High Against Dollar

INR vs USD: Rising crude prices and a strong dollar against major global currencies restricted the rupee's gain, analysts said.

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Vistara To Induct B787-9 Dreamliner, A321 For Long-Haul Flights

Expanding aggressively its operations, Vistara is expected to almost double its fleet size by the end of the current fiscal ending March 31, 2020.

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No Immediate Evidence To Support Whistleblower Complaints: Infosys To NSE

Infosys shares - which had declined 10 per cent since the letter surfaced - jumped as much as 6.47 per cent on the BSE before settling with a gain of 3.05 per cent at Rs 709.00.

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Burger King Looks To Raise Up To Rs 400 Crore In IPO In India

Kotak Mahindra Capital, CLSA India, Edelweiss Financial Services and JM Financial are lead managers of the IPO.

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Sensex, Nifty Extend Gains To Seventh Straight Day

The Sensex ended 137 points or 0.34 per cent higher at 40,302 and the Nifty 50 index rose 51 points or 0.43 per cent to settle at 11,941.

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Key Events Till IPO Announcement By World's Most Profitable Firm Aramco

Saudi Aramco on Sunday said its board had approved the company's application for the registration and offering of a proportion of its shares.

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HDFC Profit Rises 61% In September Quarter

HDFC shares rose 2.64 per cent to Rs 2,184.65, outperforming the Sensex which was up 0.43 per cent.

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Saudi Aramco Value In Bank Research Varies By About $1 Trillion: Report

Fund managers are poring over bank research after Aramco on Sunday announced its intention to float on the Riyadh stock market.

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Airline Giant IAG Buys Spain's Air Europa For $1.2 Billion

IAG said in a statement that it has signed a transaction agreement with Air Europa owner Globalia.

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IndiGo Swings Between Gains And Losses After Airline Says Sytem Down

On the BSE, IndiGo shares rose to as much as 1.35 per cent to an intraday high of Rs 1459.75 apiece and dropped as much as 1.18 per cent to an intraday low of Rs 1423.15 apiece.

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Gold Imports In October Drop 33% On Weak Festive Demand: Report

In value terms, the October imports were at $1.84 billion, slightly higher than last year's $1.76 billion, the report said.

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Infosys Surges On Saying No Evidence Found In Whistleblower Complaints

Infosys shares have been on a winning streak for last seven sessions and have gained over 8 per cent.

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Infosys Says No Prima Facie Evidence On Whistleblower Complaints

Infosys said last month that the US Securities and Exchange Commission (SEC) had launched a probe into whistleblower claims that the software services firm used "unethical practices" to boost revenue...

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Sensex Soars Over 300 Points To Record High: Five Things To Know

Continuing their upmove for a seventh straight session, domestic stock markets jumped on Monday tracking gains in Asian peers, with the S&P BSE Sensex index hitting a new all-time high. The Sensex...

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Mukesh Ambani's Jio Advises Bharti Airtel, Vodafone On How To Pay Dues

Billionaire Mukesh Ambani's Reliance Jio Infocomm Ltd. said Bharti Airtel Ltd. can easily raise Rs 40,000 crore ($5.7 billion) by selling some of its assets or shares, while Vodafone Idea Ltd. has no...

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Sensex, Nifty Likely To Open Higher Today; Yes Bank In Focus

The Singapore Exchange (SGX) Nifty futures - an early indicator of the National Stock Exchange (NSE) Nifty index in India - rose as high as 32.5 points to touch 11,970.00 in early trade, and was seen...

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Saudi Aramco Set To Rival Alibaba With IPO: 10 Things To Know

Saudi Arabia's state oil company Aramco or Saudi Arabian Oil Co on Sunday announced its intention to go ahead with an IPO in the Tadawul stock exchange in Riyadh. Under the Saudi Aramco IPO, the...

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SBI To Auction Rs 700-Crore Bad Loans This Month

SBI's fresh slippages nearly halved to Rs 8,800 crore in the quarter ended September 30.

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Saudi Aramco IPO: Key Facts About World's Most Profitable Company

The company produces, refines and exports oil from Saudi Arabia, but has refining operations across the globe.

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Saudi Approves IPO Of Aramco, World's Most Profitable Company

Aramco, which pumps around 10 per cent of the world's oil, is the most profitable company globally and is seen as the kingdom's crown jewel and the backbone of its economic and social stability.

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Saudi Market Regulator Approves Aramco's Application To List

Confirmation of the Saudi Aramco share sale comes about seven weeks after crippling attacks on its oil facilities, underlining Saudi Arabia's determination to push on with the listing regardless.

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Indian Bank, Union Bank, UCO Bank Report Divergence In Bad Loans

The Gross NPAs as on March, 2019 as reported by Indian Bank was Rs 13,353 crore while RBI assessed it as Rs 13,537 crore leading to a divergence of Rs 184 crore.

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Singapore-Based DBS Bank May Acquire 51% Stake In Yes Bank: Report

According to reports, the government of Singapore is negotiating with PMO and RBI for DBS to acquire 51 per cent stake in Yes Bank.

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Lakshmi Vilas Bank's Non-Independent Director Resigns

Earlier in September, the RBI had initiated prompt corrective action (PCA) against the private sector lender.

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RBI Revamps Departments For Regulation Of Banking Sector

The banking sector has witnessed a series of scams, including about Rs 14,000 crore fraud in Punjab National Bank and the recent PMC Bank crisis that affected lakhs of depositors.

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You Pay Rs 76.5 More For LPG Cylinder This Month: 10 Things To Know

Non-subsidised LPG or cooking gas prices were increased for the third consecutive month in November. The rise in the non-subsidised prices of LPG was to the tune of Rs 76-76.5 per cylinder of 14.2...

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Saudi Crown Prince Approves Announcement Of Aramco IPO On Sunday: Report

Prince Mohammed wants to eventually list a total of 5 per cent of the company. An international sale is expected to follow the domestic IPO.

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Here Are Latest Savings Deposit Interest Rates Offered By SBI

SBI's savings rates now stands at 3.25 per cent for balances up to Rs1 lakh, from 3.50 per cent earlier, according to SBI's statement.

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Foreign Portfolio Investors Turn Buyers In October After 5 Months

Historically the inflow of foreign funds have powered markets to fresh highs and caused a sharp decline in case of there exit.

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Income Tax Department Cancels Registration Of Six Tata Trusts

In July, the I-T department had served notices on a set of Tata Trusts seeking to reopen assessment and questioning their decision to "surrender" registrations in 2015.

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Growth Likely To Pick Up To 6.5-7% In 2019-20 Second Half: Surjit Bhalla

Nominal GDP growth rate (without adjusting for inflation) stood at 8 per cent in the quarter ended June 30, according to official data released in August.

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Amazon's Bid To Acquire Stake In Future Retail Faces Hurdle: Report

Amazon in August agreed to acquire a 49 per cent stake in a unit of Future Group which owns 7.3 per cent of Future Retail.

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Softening Demand Drags Factory Growth To Two-Year Low In October: Survey

The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, dropped to 50.6 last month from September's 51.4.

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Yes Bank Loss At Rs 600 Crore In September Quarter, Asset Quality Worsens

Retail banking loans grew 30 per cent year-on-year and was 20 per cent of the total loan book, Yes Bank said in earning release.

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IndiGo Ordered To Replace All Pratt Engines On Airbus A320neo Planes

The groundings have cost IndiGo, which last month posted its biggest-ever quarterly loss after being forced to lease aircraft.

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GST Collection Fall 5.3% To Rs 95,380 Crore In October

Revenue from Goods and Services Tax fell 5.6 per cent year-on-year to Rs 95,380 crore in October.

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Sensex, Nifty Log Sixth Straight Session Of Gains Led By Banks

Nine of 11 sector gauges compiled by National Stock Exchange ended higher led by the Nifty Media index's over 7 per cent gain.

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Diluting Government Stake Below 50% In Banks No Solution: Unions

Instead, the unions said, ensuring "proper governance in the system" and "removing political interference" will address the problem of NPAs.

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From Today, LPG Cylinder Becomes More Expensive. Check Rates Here

Currently, the government subsidises 12 cylinders of 14.2 kilograms each per household in a year. For any additional purchases, the consumer has to bear the market price.

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Maruti Suzuki Domestic Sales Rise 2.5% In October

In the Mini segment however, which includes the Old WagonR, S-Presso and Alto models, Maruti Suzuki's sales shrank 13.09 per cent to 28,537 vehicles.

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Dr Reddy's Laboratories Q2 Profit More Than Doubles To Rs 1,093 Crore

Shares in Dr Reddy's Laboratories rose as much as 1.66 per cent to Rs 2,829.00 apiece on the BSE after the earnings announcement by the drug maker.

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India's Jobless Rate Rises To Highest Level In Over 3 Years: Think Tank

India's infrastructure output fell 5.2 per cent in September from a year earlier, the worst performance in years, government data showed on Thursday.

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Bajaj Auto Domestic Sales Down Nearly 13% In October

Motorcycle exports increased 3.30 per cent to 1,56,397 units. However, total motorcycle sales - including the domestic market and exports - came down 7.87 per cent to 3,98,913 units.

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Gold Set For Second Weekly Rise On US-China Trade Deal Uncertainty

Holdings of the largest gold-backed exchange-traded-fund (ETF), New York's SPDR Gold Trust , fell 0.19 percent on Wednesday from Tuesday.

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Sensex, Nifty Likely To Open Lower Today; Yes Bank Results In Focus

Sensex, Nifty LIVE Market Updates: On Thursday, the S&P BSE Sensex index had ended 77.18 points (0.19 per cent) higher at 40,129.05 after touching an all-time high of 40,392.22 during the session, and...

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