Reliance Industries picks 37.7% stake in Alok Industries

In an exchange filing, RIL said that in accordance with the approved resolution plan, Alok Industries has on Saturday allotted 83,33,33,333 equity shares of Re 1 each at a premium of Rs 2 per equity...

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Bharti Airtel Pays An Additional Rs 8,004 Crore Towards AGR Dues

The company said it calculated the liabilities on self-assessment basis till December 31, 2019 and the payment includes interest up to February 29, 2020.

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Nirmala Sitharaman Sees 4.7% GDP Growth As 'Steadiness' In Economy

On the impact of coronavirus on the economy, Ms Sitharaman sought to allay any fears saying there is no need to immediately press the "panic button", but things could get challenging if the issues...

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Sebi Chairman Ajay Tyagi To Get Six-Month Extension

Economic Affairs Secretary Atanu Chakraborty, Corporate Affairs Secretary Injeti Srinivas, Additional Secretary, Finance, Pravin Garg and Sebi whole-time member Madhabi Puri Buch were the key names in...

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Mukesh Ambani Named World's Ninth Richest, With 2 Others

Mr Ambani is restructuring Reliance Industries to facilitate the planned strategic investments in group businesses - Reliance Jio, Reliance Retail, refining and petrochemicals. The conglomerate aims...

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Core Industries Output Rises By 2.2% In January

On a sector-specific basis, the refinery output, which has the highest weightage of 28.03, rose by 1.9 per cent in January compared to the same month of the previous financial year. ...

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IPO Will Sail Through Market Turmoil: SBI Cards

Hardayal Prasad, MD and CEO of SBI Cards, said that for qualified institutional buyers (QIBs), the subscription will close on March 4, while the issue closes on March 5. Theunder-penetrated credit...

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Coronavirus May Impact Growth Further, Say Economists

The read-out for the final quarter of 2019 matched the forecast of analysts in a Reuters poll, but was below a revised - and greatly increased - 5.1 per cent growth rate for the previous quarter.

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GDP Growth At 4.7% In October-December

The Finance Minister has consistently said that the fundamentals of the economy remain strong, and that she's not closing the door on additional steps to support it.

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Sensex Plunges 1,400 Points, Nifty At 11,200 as Coronavirus Rattles Markets

At 3:00 pm, the Sensex was at 38,320, lower by 1,419 points - or 3.5 per cent - and the Nifty was at 11,205, down 430 points - or 3.7 per cent. All the sectoral indices on the National Stock Exchange...

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No Chinese Parts In Jio 4G, 5G Networks: Mukesh Ambani To Donald Trump

The Trump administration has been persuading India to keep China's Huawei out of the India's 5G deployments. But the Indian government has allowed Huawei and ZTE to participate in 5G trials.

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Government Measures To Boost Economic Growth: SBI's Dinesh Khara

SBI managing director Dinesh Khara said the country requires an economic growth rate of 10-11 per cent in order to achieve the $5-trillion target.

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Wipro Consumer Venture Picks Up Stake In Grooming Startup LetsShave

"LetsShave offers high-quality products and is a challenger brand in a space dominated by a single large player. They are a promising team and have the ability to understand consumer requirements,...

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Gold Extends Gains To Second Day as World Markets Brace For Coronavirus

Gold jewellery prices vary in different parts of India due to factors such as excise duty, state taxes and making charges.

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Sensex, Nifty Plunge In Early Trade Tracking Global Markets

Reliance Industries, HDFC Bank and Infosys were the biggest drags on the Sensex, together accounting for a fall of more than 300 points in the index.

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World Prepares For Coronavirus Pandemic; Global Recession Forecast

US intelligence agencies are monitoring the spread of coronavirus, including in Iran and India, sources familiar with the matter said.

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Global Share Markets Set For Worst Week Since 2008 Amid Coronavirus Fears

Asian stocks tracked another overnight plunge in Wall Street's benchmarks on Friday with the markets in China, Japan and South Korea all posting heavy losses.

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Sensex, Nifty Likely To Open Lower Today; GDP Data In Focus

At 8:44 am, the SGX Nifty futures were down 233.00 points - or 2.01 per cent - at 11,376.00.

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Green Shoots Visible In Economy? GDP Data At 5:30 PM Today

Official data on GDP or gross domestic product for the third quarter of current financial year will be released at 5:30 pm today. Many economists expect the annual GDP growth to pick up to 4.7 per...

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Keen On Separate Fund For Private Sector Employees: Pension Regulator

"We are looking forward to a separate trust for only private sector pension funds. There is a suggestion in the amendment that we have proposed that there can be more than one trust also. It may be so...

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Steadily Moving Towards Less Regressive Tax System: Nirmala Sitharaman

The Finance Minister, who was accompanied by Finance Secretary Rajeev Kumar, DEA Secretary Atanu Chakraborty, Revenue Secretary A.B. Pandey and SBI Chairman Rajnish Kumar, said that it was a part of...

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Sensex Down 100 Points, Nifty Hovers at 11,600 as Markets Trim Losses

At 3:00 pm, the S&P BSE Sensex was quoting at 39,760, lower by 130 points or 0.3 per cent and the NSE Nifty was at 11,631, down 46 points or 0.3 per cent.

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US Hedge Fund Asks Zee's Subhash Chandra To Exit One of His Firms: Report

Subhash Chandra and his group owned about 57 per cent of the education firm's shares as of the end of December, most of which are pledged, according to data from BSE Ltd.

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Axis Bank Appoints Puneet Sharma As CFO

Prior to joining Axis Bank, Puneet Sharma spent 12 years at Tata Capital as a senior management functionary and was the group chief financial officer since 2014.

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Infosys CEO Salil Parekh Gets Rs 3.25 Crore In Stock Incentives

Further, under the Expanded Stock Ownership Program 2019, six key management professionals will receive 1,69,000 performance stock units (PSU) and around 411 eligible employees will get 17,76,500...

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Petrol, Diesel Prices Cut Marginally After Three Days Of Pause

Currently, petrol and diesel prices are reviewed by oil marketing companies - such as Indian Oil - on a daily basis, to bring them in line with international crude oil rates.Any changes in the fuel...

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Gold Futures Regain Rs 42,800 Mark Amid Coronavirus Fears

Gold Rate Today: Gold prices vary in different parts of India due to factors such as excise duty, state taxes and making charges.

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Sensex Plunges Over 400 Points, Nifty Near 11550 Amid Broad-Based Selloff

Domestic stock markets suffered sharp losses on Thursday, tracking weakness in Asian peers where investors gauged the impact of the coronavirus outbreak on world economy. That marked a fifth straight...

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Sensex Falls 200 Points, Nifty Below 11,650 Amid Weakness Across Sectors

Domestic stock markets started Thursday's session on a negative note tracking weakness in Asian peers amid concerns about the coronavirus outbreak. That marked a fifth straight session of fall for the...

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"Closely Monitoring" Coronavirus Impact On Economy, Says Government

The Finance Minister said that the process of merger of public sector banks was underway as per the schedule.

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Sensex, Nifty Likely To Open Lower Today Tracking Global Peers

Most new coronavirus cases are now being reported outside China - the origin of the outbreak - with South Korea, Italy and Iran emerging as new epicentres.

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Government Approves Rs 1,480 Crore National Technical Textiles Mission

The step would position the country as a global leader in technical textiles and the goal was to be self-dependent in this field to nullify the trade deficit in the area which was already declining,...

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Nirmala Sitharaman Pulls Up PSU Banks For Poor Branch-Level Services

Customers expect personal touch from bank branch staff, the FM said, adding banks should work at branch-level in letter and spirit of banking, which is a direct connect with customers

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Discussed Data Sovereignty, Digital India With Satya Nadella: Ravi Shankar Prasad

Although the bill allows the transfer of personal data outside India, while transferring "sensitive" personal data outside the country a copy will have to be kept in the country. Data processing or...

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Bank ATMs Dispensing More Rs 500 Notes Instead Of Rs 2,000: Report

Although there has been no dictate from the Finance Ministry, banks on their own have decided to fill their ATMs with smaller denomination notes for the convenience of customers, sources said.

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Indian Retail Market To Reach $1 Trillion By 2025: Report

The Indian retail market is likely to hit $1.1-$1.3 trillion dollar mark from 0.7 trillion in 2019 -- a 9-11 per cent CAGR growth -- driven by multiple structural, socio-demographic and economic...

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Sensex Sheds 392 Points As Markets Close At 3-Week Lows

India VIX soared 7 per cent to 18 as the spike in the coronavirus continues to spook investors across the world.

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Sensex Plunges Over 500 Points, Nifty Below 11,650; Auto Stocks Worst Hit

The markets were set to close lower for the fourth straight session in a row.

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Cipla Shares Fall 6% After US Regulator's Warning Letter On Goa Facility

Cipla said it remains committed to maintaining the highest standards of compliance and will work closely with the US regulator to comprehensively address all the observations.

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Gold Futures Extend Decline To Trade Near Rs 42,500

Gold Price Today: Analysts say gold prices may witness some volatility in the near term as investors assess the impact of the coronavirus epidemic on consumer demand.

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Rupee Edges Higher To 71.74 Against Dollar

Stock market benchmark indices S&P BSE Sensex and NSE Nifty extended losses to the fourth session in a row to hit their lowest intraday levels recorded since February 3.

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Petrol, Diesel Rates Steady For Third Straight Day

Petrol, Diesel Rates Today: Any changes in the fuel prices, based on movements in crude oil and forex rates, are implemented at fuel stations with effect from 6 am.

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Sensex, Nifty Fall In Early Trade

Analysts awaited official macroeconomic data due by the end of the week for any signs of revival in economic growth.

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Sensex, Nifty Likely To Open Lower Today

Analysts awaited official macroeconomic data due by the end of the week for any signs of revival in economic growth.

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Rupee Settles 13 Paise Higher At 71.85 On Easing Crude Prices, Weak Dollar

At the interbank foreign exchange market, the rupee had opened on a positive note at 71.84, and touched a high of 71.78 and low of 71.90 during the day.

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Bank Credit Growth May Rise 200-300 Basis Points Next Fiscal: Crisil

A gradual pick-up in economic activity, continuing demand for retail loans, and strong growth in lending by private sector banks should drive the uptick.

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SBI Cards Public Offer To Open On March 2. Should You Invest?

The Initial Public Offer (IPO) of SBI Cards will be available in the price band of Rs 750-755 per share, according to a regulatory filing by State Bank of India. A discount of Rs 75 per share will be...

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Sensex, Nifty Decline For Third Straight Session; Energy Shares Weigh

In the last three trading sessions, the Sensex has shed 2.5 per cent and the NSE Nifty 50 index has slumped 2.7 per cent.

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Economy Likely Grew At 4.7% In December Quarter: Poll

About 90 per cent of economists in the poll forecast growth for the October-December quarter at 5 per cent or below.

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Increase In Public Float To 35% May See Action Next Fiscal: Report

The 2019-20 Budget had said that it was the right time to consider increasing the minimum public shareholding in listed companies.

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Gold Rates Drop Nearly 3% Retreating From Record Highs

Gold Price Today: Gold prices vary in different parts of India - the second largest consumer of the precious metal - due to factors such as excise duty, state taxes and making charges.

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SBI Cards IPO Price Band Fixed At Rs 750-755 Per Share

SBI Cards IPO: The IPO Committee has finalised the bid lot for the offer at 19 equity shares and in multiples of 19 equity shares thereafter.

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Travel Giant Expedia To Cut 3,000 Jobs: Report

The firm, which operates its flagship travel site as well as Hotels.com, Hotwire, Travelocity, Cheaptickets, Egencia and CarRentals.com, said the decision was made after determining it had been...

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Foreign Investors From Mauritius Will Remain Eligible For FPI: Sebi

The announcement comes after the tax haven was put on the 'grey list' of Financial Action Task Force (FATF) -- an inter-governmental policy making body that sets anti-money laundering standards.

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Sebi Reviews Margin Framework For Cash, Derivatives Segments

"With a view to keeping up pace with the changing market dynamics and to bring more efficiency in the risk management framework, a comprehensive review of the margin framework was done in consultation...

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Sensex Rises Over 150 Points, Nifty Tops 11,850 Amid Cautious Trade

Domestic stock markets started Tuesday's session on a positive note amid cautious trade, a day after sharp losses in financial stocks pulled benchmark indices 2 per cent lower as concerns about the...

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Sensex, Nifty Likely To Open Higher Today

On Monday, the S&P BSE Sensex had declined 806.89 points - or 1.96 per cent - to end at 40,363.23 and the broader NSE Nifty benchmark dropped 251.45 points - or 2.08 per cent - to settle at 11,829.40.

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Hindustan Unilever Approves Formation Of New Subsidiary

The company, in a regulatory filing, said that the new subsidiary has been formed to leverage the growth opportunities in a fast-changing business environment and will help HUL in becoming more agile...

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Adani Group Considers Bidding For Air India: Report

Air India is one of the most important divestment target for the current fiscal to reach the huge Rs 2.1 lakh crore target.

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Top 50 Shadow Banks' Asset-Liability Status Under Lens: Shaktikanta Das

The NBFC sector has seen a lot of turmoil, starting with a series of defaults by Infrastructure Leasing & Financial Services (IL&FS).

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TVS Sees 10% Drop In February Production As Coronavirus Hits Parts Supply

Companies globally, including Apple Inc, have warned that the spread of the epidemic in China, the world's second-largest economy and a big manufacturing hub, is disrupting global supply chains and...

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Gold Hits Record High As Coronavirus Worries Trigger Flight To Safety

Gold price today: Spot gold rose to an all-time high of Rs 43,590 mirroring spike in gold prices in international markets, according to analysts.

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Gold Soars More Than 2.5% As Virus Triggers Flight To Safety

Spot gold was up 2.5 per cent to $1,683.94 per ounce at 0953 GMT after hitting $1,688.66, its highest level since January 2013.

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Microsoft Boss Nadella Trumpets Cloud Tie-up With Reliance Industries

"We've been working with Reliance across the entire stack - everything from what they are going to be doing with Azure in their own data centres and how they will extend it," said India-born Nadella...

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Sensex, Nifty Fall Most In 3 Weeks As Coronavirus Roils Global Markets

The S&P BSE Sensex and NSE Nifty 50 indexes plunged the most since Budget day as spread of coronavirus to other countries outside Mainland China plagued the global market sentiment.

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L&T Arm Wins IT Services Deal From Swedish Firm

"We have set up a dedicated global engineering centre in Chennai to design and develop products for Dometic's global clientele. The centre will also support mechanical, embedded and connectivity areas...

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Reliance Industries Deleveraging Remains Underappreciated: UBS

Reliance Industries' (RIL) efforts to deleverage largely remain underappreciated and the exercise could free up more than $20 billion by FY21-end for RIL.

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Sensex Down 350 Points; Metals Drag, IT Stocks Witness Buying

Experts reckon that the markets may be volatile this week due to the expiry of February derivative contracts on February 27 and developments surrounding the coronavirus. The US President Donald Trump...

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Adani Group Gets Mandi House Prime Property For Rs 400 Crore

The Adani Group will acquire a prime residential property near Mandi House in New Delhi after winning a bid to acquire Aditya Estates.

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Indian Refiners Getting Rare Oil Cheap As China Demand Slows

"Opportunity for Indian markets is more in the context of what is happening in China and in recent times we received crudes which are appearing to be attractive as compared to their value earlier,"...

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Points Mean Pain For Small Firms In UK Immigration Overhaul

Almost 40 per cent of firms say they've struggled to recruit the right staff in the past year, and more than a third of those say a reason is that UK citizens are unwilling to do the jobs, according...

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Lotteries To Attract Uniform 28% GST Rate From March 1

The GST Council, led by Finance Minister Nirmala Sitharaman, had in December last year decided to increase the rate as well as implement a single rate for lotteries. Buyers of tickets for lotteries...

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Mukesh Ambani's Plan To Make Reliance Debt-Free By 2021 Hits Bumps

Prime Minister Narendra Modis administration has petitioned a court to halt a proposed stake sale by Reliance Industries to Saudi Arabian Oil Company, threatening a key source of funds needed to pare...

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Sensex Loses 450 Points, Nifty Nears 11,900 On Weak Global Cues

Stocks in South Korea led losses across Asia after the country raised its coronavirus alert to the 'highest level' following a recent spike in cases throughout the country. Elsewhere, the Shanghai...

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Finance Ministry, Telecom, Niti Aayog Officials Discuss Relief Options For Telcos

The meeting discussed what can be done immediately by the government to provide help to the sector to come out of the crisis after paying the huge dues as per SC directions and survive in business,...

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Markets Likely To Open In The Red On Weak Asian Cues

Stocks in South Korea led losses across Asia after the country raised its coronavirus alert to the "highest level" following a recent spike in cases

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Finance Minister Asks G-20 To Enhance Global Risk Monitoring

"Finance Minister Smt @nsitharaman called upon the G20 to enhance global global risk monitoring and explore the scope for policy co-ordination to deal with such global risks," a tweet by the Finance...

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India Must Push For Pro-Business Policies To Reach $5 Trillion Economy: CEA

Taking a leaf out of his authored Economic Survey, he said Arthashastra stresses on ethical ways of creating wealth adding that we need to focus on creating trust in the markets as well. ...

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RBI Reviewing Monetary Policy Framework, Says Shaktikanta Das

"We have commenced an internal review of the working of the monetary policy framework, and going forward by the middle of the current calendar year, that's by June or so, we will be holding a round...

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Gold Deposits Worth Rs 12 Lakh Crore Found In UP's Sonbhadra

Sonbhadra Gold Deposits News: The gold deposits were found in the Son Pahadi and Hardi areas here, district mining officer KK Rai said on Friday.

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Here's How Much You Pay For Non-Subsidised LPG Cylinders Today

LPG Price: The amount of subsidy provided by the government on the quota of 12 cylinders per year varies from month to month.

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SBI Now Pays These Returns On Retail Fixed Deposits

SBI offers both monthly and quarterly interval options for crediting the interest in retail fixed deposit accounts. However, the payment of interest on a monthly basis is made at a discounted rate,...

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Cases In Arbitration Abroad Eligible For Vivad Se Vishwas Scheme: Taxman

The Income Tax Department said appeals and writs filed on or before January 31 this year will be allowed to be taken up under the scheme.

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Gold Rate Jumps To Record High Amid Weakness In Rupee

Gold futures hit an all-time high of Rs 42,509 per 10 grams on Friday. Futures have risen nearly 9 per cent so far in 2020 after rising nearly a quarter in 2019.

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Petrol Price Hiked Marginally After Three Days Of Pause, Diesel Unchanged

Petrol Price Today, Diesel Rate: Domestic fuel prices are determined broadly by the global crude oil prices and the foreign exchange rates.

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Provident Fund Body To Start E-Inspection To Monitor Compliance

Employees' Provident Fund Organisation (EPFO) will shortly launch an e-inspection system across the country for monitoring of voluntary compliance of EPF scheme by employers, an official said on...

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Fiscal Deficit Touched 4.56% Of GDP In December: Finance Ministry Data

For the fiscal 2019-20 (till March 31, 2020), the fiscal deficit has been revised to 3.8 per cent now.

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How Much Money You Can Put In A State Bank Of India (SBI) FASTag Account

SBI FASTag: The SBI FASTag account is available in two categories: with limited KYC verification and with full KYC verification.

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France's ADP Buys 49% Of GMR Airports For $1.45 Billion

Once the deal is completed, ADP will jointly own GMR Airports with GMR Infrastructure, which will keep a 51 per cent stake and retain control of the company. ADP will be granted highly extended...

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After Amazon, Walmart's Flipkart Challenges Antitrust Probe

Flipkart's legal filing was aimed at signalling the company is aggrieved by the CCI's probe order, a person familiar with the matter said.

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Airlines Suspend China Flights Due To Coronavirus Outbreak: Key Facts

Airlines have been suspending flights to China or modifying service in response to the coronavirus outbreak.

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Petrol, Diesel Rates Unchanged For Third Day. Here's How Much You Pay Now

Petrol Price Today, Diesel Rate: Domestic fuel prices are determined broadly by the global crude oil prices and the foreign exchange rates.

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Find Out Today's Petrol, Diesel Rates In Your City In SMS. Here's How

How To Check Petrol, Diesel Price Through SMS: The user is required to send an SMS in a format prescribed to 9224992249 to avail this service.

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How Sensex, Nifty Fared In Holiday-Shortened Week

Going forward, analysts expect some revival in the economy which is staring at its worst pace of expansion in more than 11 years.

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Stock, Forex Markets To Remain Shut On Friday For Mahashivratri

Mahashivratri 2020: The markets will resume trading on Monday.

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RBI Committee Torn Between Growth Concerns, Inflation Fears

A majority of members of India's monetary policy committee (MPC) see space to cut interest rates further to boost economic growth.

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Economic Adviser Cautions Against Stringent Regulations On Shadow Banks

Mr Sanyal's suggestion comes in the backdrop of multiple steps taken by the RBI to improve supervision of shadow banks.

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AGR Issue An Unprecedented Crisis For Telecom Industry: Sunil Mittal

Earlier this week, Bharti Airtel paid Rs 10,000 crore to the Department of Telecommunications (DoT) towards statutory dues.

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JSW Steel To Pay Rs 19,700 Crore By March 15 To Acquire Bhushan Power

Although the National Company Law Tribunal last September approved its resolution plan to take over the insolvent Bhushan Power and Steel, the Enforcement Directorate, which is investigating alleged...

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CRISIL Downgrades Vodafone Idea's Rs 3,500 Crore Debt Paper

On Tuesday, Care Ratings (CARE) had downgraded its ratings on the long-term bank facilities and non-convertible debentures.

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Auto Registrations Fall 7% In January As Weak Buyer Sentiment Prevails: Industry Body

"The ongoing transition of BS-IV to BS-VI is also a factor in delayed purchase decision. The overall weak economic sentiment continues and even Budget 2020 did not have any direct measures nor any...

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Sensex, Nifty Resume Decline After A Day's Breather

Eight of 19 sector gauges compiled by the BSE ended lower led by the S&P BSE Energy and IT indexes' nearly 1 per cent decline.

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Vodafone Idea Condition Extremely Precarious: Citi

The de-leveraging depends on relief on the company's AGR liability, either in terms of quantum or in payment terms, further relief measures from the government which could reduce levies and improve...

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Vodafone Idea Pays Rs 1,000 Crore To Telecom Department: Report

Analysts covering the country's telecoms sector say Vodafone Idea is the most fragile of its three major wireless carriers.

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SBI's Credit Card Business Initial Public Offering To Open On March 2

The company plans to issue new shares worth Rs 500 crore and will offer up to 13.05 crore shares for sale, the prospectus, dated February 18, showed.

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Crisil Downgrades Vodafone Idea's Debt Issue On AGR Woes

The rating action reflects CRISIL's expectation of a lower likelihood of any relief from Government of India after the Supreme Court (SC) on February 14, 2020, did not grant any relief to the telecom...

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Rupee Falls To 71.80 Against US Dollar

The 10-year government bond yield was at 6.40 per cent in the morning trade.

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Sensex Drops Over 100 Points, Nifty Slips Below 12,100 In Early Trade

The capital markets will remain shut on Friday for Mahashivratri.

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Petrol, Diesel Prices Unchanged. Find Out How Much You Pay Today

In Delhi, the price of petrol stood at Rs 71.89 per litre and that of diesel at Rs 64.65 per litre on February 20 - the same levels as the previous day, according to Indian Oil Corporation (IOC). In...

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Sensex, Nifty Likely To Start Last Session Of Week Lower

On Wednesday, the S&P BSE Sensex index and the broader NSE Nifty 50 benchmark had risen 428.62 points - or 1.05 per cent - to end at 41,323.00 and 133.40 points - or 1.11 per cent - to settle at...

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Facebook Invests In Indian Education Startup Unacademy

The edtech start-up said that it would utilise the funding to further penetrate into the test preparation categories, launching more exam categories.

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Cabinet Gives Nod For Formation Of 10,000 Farmer Producer Organizations

The move was taken as small and marginal farmers do not have economic strength to apply production technology, services and marketing.

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Reliance Studying US Sanctions On Rosneft Unit

US President Donald Trump on Tuesday imposed sanctions on the trading arm of Russian oil major Rosneft.

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Tata-Owned Jaguar Land Rover Shipping Auto Parts In Suitcases As Coronavirus Hits Chinese Supply Cha

JLR CEO Ralf Speth said the company has enough supplies to ensure production for the next two weeks, but from the third week onwards it remains risky and could even mean plant closures. ...

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AGR Risk For GAIL, Oil India, Power Grid Stays: Fitch

The Department of Telecom has issued demand notices to GAIL, Oil India and Power Grid for Rs 1.83 lakh crore, Rs 48,000 crore and Rs 22,000 crore, respectively.

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Sensex Snaps 4-Day Losing Streak Led By Reliance Industries, HDFC Twins

All the 19 sector gauges compiled by BSE ended higher led by the S&P BSE Energy index's over 2 per cent gain.

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RBI Nod For Kotak Mahindra Bank Promoter Stake Dilution

Kotak Mahindra Bank on Wednesday said it has got the final nod from RBI on the promoters' stake dilution plan.

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Fair Trade Regulator Sees No Evidence Of Collusion By IndiGo, SpiceJet

The Competition Commission of India (CCI) in 2015 ordered a probe into allegations of anti-competitive practices after similar fares were being offered on certain routes by IndiGo, SpiceJet, GoAir,...

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Vodafone Idea Surges Nearly 50% On Heavy Volumes

Vodafone Idea's shares have so far this year plunged 51 per cent till yesterday, massively underperforming the Sensex which is down nearly 1 per cent.

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Markets Off Day's Highs; Reliance, HUL, ITC Hold Firm, Sun Pharma, Maruti Suzuki Drag

Finance Minister Nirmala Sitharaman will have a high-level meeting with PMO officials this afternoon to chart out the governent's response to the rampaging novel coronavirus that has taken more than...

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Yes Bank To Be Replaced By Shree Cement In Nifty

In January, Yes Bank said it had rejected a $1.2 billion investment offer from Canadian investor Erwin Singh Braich and Hong Kong-based SPGP Holdings - an offer about which many analysts expressed...

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Mukesh Ambani's Reliance, Aramco Accelerate Stake Sale Talks: Report

Reliance in August valued its oil-to-chemicals division at $75 billion including debt, implying a $15 billion valuation for the 20 per cent stake.

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Sensex, Nifty Jump In Early Trade

On Tuesday, the S&P BSE Sensex index had declined 161.31 points - or 0.39 per cent - to end at 40,894.38 and the broader NSE Nifty benchmark settled at 11,992.50, down 53.30 points - or 0.44 per cent...

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Currency Markets Remain Shut On Wednesday

On Tuesday, the rupee had declined by 22 paise to close at a nearly three-week low of 71.54 against the greenback.

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

Petrol, Diesel Price 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...

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Apple Slides 3% At Open On Revenue Warning

Apple shares slid some three percent in opening trade Tuesday after announcing it will take a financial hit from the deadly coronavirus epidemic.

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90% Of Tax Cases Will Be Settled Under Vivaad Se Vishwas: Anurag Thakur

The minister of state for finance also assured that the interests of entrepreneurs paying taxes honestly will be protected.

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India To Harvest Record Rice, Wheat Crops

Rice output in the world's biggest exporter and No. 2 producer is estimated to rise by 0.9 per cent to 117.47 million tonnes.

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HSBC Eyes $600 Million In Losses If Coronavirus Persists

HSBC could be forced to take $600 million in additional provisions against loan losses if the Coronavirus outbreak persists into the second half of this year.

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Railways Roots Out Illegal Software, More Tatkal Tickets Soon

Tatkal ticket booking: More Tatkal tickets will be available for passengers now as the railways has weeded out illegal software.

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Government May Give Reprieve To Solar Projects Delayed By Coronavirus Fallout

Ratings agency Standard and Poor's Indian unit, Crisil, warned on Monday that nearly three gigawatts of solar power projects worth $2.24 billion could be at risk of penalties for missing a July 2020...

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Finance Minister Meets India Inc To Take Stock Of Coronavirus Impact

Some sectors, including pharma, textiles, electronics and hardware, and chemicals highlighted the challenges being faced by them as a result of the fast-spreading virus.

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Europe's Biggest Bank HSBC To Cut 35,000 Jobs

HSBC said it would merge its private banking and wealth businesses, axe European stock trading and cut US retail branches as it seeks to remove $4.5 billion in costs.

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Pay Hikes In India To Fall To Decadal Low In 2020: Report

Companies in India gave an average pay increase of 9.3 per cent during 2019, reflecting a slowdown in the economy compared to 2018.

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Sensex, Nifty End At Two-Week Lows; Telecom Stocks Plunge

HDFC, Reliance Industries, Bharti Airtel, IndusInd Bank and Maruti Suzuki were among the top decliners in trade on Tuesday.

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Industry Seeks Import Duties Cut To Tackle Disruptions Due To Coronavirus

The coronavirus outbreak, which has now killed more than 1,800 people in China, has disrupted supplies of raw material to other countries.

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Sensex Falls 400 Points Amid Selloff Across Sectors: 10 Things To Know

Domestic stock markets suffered sharp losses on Tuesday amid a selloff across sectors tracking weakness in global peers, where fresh concerns about the coronavirus impacting world growth hurt investor...

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China's Metal Exporters Face Order Cancellations Amid Virus: Trade Group

China is the world's biggest metals consumer but also the top exporter of some industrial metals, such as steel and aluminium.

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Analysts See 'Tentative' Signs Of Upturn In India Inc Earnings

During the latest results season, analysts lowered their Nifty earnings forecasts by 2.8 per cent for the fiscal year ending March 31 and 3.9 per cent for the following year, compared with downgrades...

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Vodafone India's "Slim Hope" To Stay Alive With Paying Dues In Parts

Hopes that Vodafone Idea could outlive the financial squeeze due to the outstanding dues payments helped its shares gain as much as 23.5 per cent, their best intraday gain since January 21.

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Mukesh Ambani's Reliance Recasts TV Network Before Potential Stake Sale

Reliance Industries' holding in Network18 will be cut to about 64 per cent from 75 per cent as a result of the recast, the Mumbai-based company said in the statement.

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Greater Scrutiny Of FDI Likely For National Security, Says Top Official

India received $26 billion FDI in the first six months of the financial year that started April 2019, up from $22 billion in the whole of the previous year, according to the industry department.

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Sensex Falls Over 250 Points, Nifty Drops Below 12,000

Forty five stocks on the 50-scrip index traded in the negative zone. Top percentage losers were Yes Bank, IndusInd Bank, Hindalco, Tata Motors and Hero MotoCorp, down between 1.56 per cent and 4.85...

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Sensex, Nifty Likely To Open Lower Today

At 8:29 am, the SGX Nifty futures were down 29.50 points - or 0.24 per cent - at 12,043.50.

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Reliance Industries To Merge Media, Distribution Businesses Into TV Unit

Under the plan, the conglomerate's TV18 Broadcast, Hathway Cable and Datacom and Den Networks businesses will consolidate into Network18, the company said.

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Vodafone Idea Says Will Immediately Pay Rs 2,500 Crore To Telecom Department

Vodafone Idea Ltd (VIL) has said its board has authorised the company to immediately pay Rs 2,500 crore, a portion of its statutory dues, to the telecom department on Monday.

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Fiscal Deficit May Dip To 3.5% On AGR Dues Payment: SBI

The fiscal math of the government will change significantly if it is able to recover Rs 1.20 lakh crore through AGR dues.

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Telecom Firms Make Part-Payment Of Dues As Top Court Refuses To Relent

The beleaguered telecom companies made part-payment of adjusted gross revenue (AGR) dues to the government after the telecom department began issuing orders to telecom companies to clear their dues...

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RBI's Three-Year Repo Auction Sees Hefty Demand

The central bank had announced that it will auction funds worth a total Rs 1 lakh crore via long-term repos at a fixed rate of 5.15 per cent which is the current repo rate.

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Telecom AGR Dues Crisis: RBI Closely Monitoring Developments

Some telecom firms are already struggling with mounting losses and debt and the additional liability has raised concerns of them defaulting on existing loans.

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Green Shoots Of Recovery Need To Sustain, Says Shaktikanta Das

He said the fallout of the outbreak of novel coronavirus in China needs to be closely monitored by "every policymaker" to tailor a swift response.

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Tata Group, Vodafone Idea Make Part Payment To Telecom Department: Report

Vodafone Idea and Tata Group have made part payment of about Rs 2,500 crore and over Rs 2,190 crore, respectively, to the telecom department towards statutory dues, a government official said on...

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Coronavirus Dented Optimism Over Easing Trade War: Moody's

Moody's said that two positive developments had raised the prospects of an incipient stabilisation of global growth this year: a truce in the US-China trade war with the signing of the "phase-one"...

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Sensex, Nifty Decline For Third Day In A Row Led By Losses In ITC, HDFC

Sixteen of 19 sector gauges compiled by BSE ended lower led by the S&P BSE Oil & Gas index's nearly 2.5 per cent decline.

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No Problem In Air India's Divestment This Time: Hardeep Singh Puri

Mr Puri was speaking at an event held to distribute the 'Letters of Appreciation' issued by Prime Minister to the staff of Air India who conducted evacuation operation of the stranded Indians from the...

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Sensex Slips 200 Points, Nifty Hovers At 12,050; Energy, Metal Stocks Drag

The energy index was top sectoral loser on BSE, shedding 2.2 per cent at 13,770; Reliance Industries, ONGC, HPCL, BPCL and IOC shed 1-3 per cent each.

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Oyo Says Annual Loss Grew Over Six-Fold On China Expansion

Oyo has changed the way it calculates revenue, Rohit Kapoor, OYO's chief executive officer for India and South Asia, said on a conference call with reporters.

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Top Court Refuses Vodafone Idea's Proposal To Pay Rs 2,500 Crore By Today

The Supreme Court on Monday refused to accept telecom firm Vodafone Idea's proposal to pay Rs 2,500 crore by today and Rs 1,000 crore by Friday.

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Vodafone Idea Shares Rise On Hopes Of Dues Clearance

On Saturday, the local arm of British telecom giant Vodafone Plc said it proposed making a payment in the next few days.

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After US, Europe Central Banks, RBI May Turn To Bank Of England For Ideas

In December, the RBI announced a Fed-style 'Operation Twist' -- buying long-dated bonds and selling the shorter tenor ones.

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Moody's Revises India GDP Forecast To 5.4% In 2020

India's economy has decelerated rapidly over the last two years and economic recovery will likely be shallow, Moody's Investors Service said.

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Bharti Airtel Makes Rs 10,000 Crore Payment To Telecom Department

Last Friday, the Department of Telecommunications beganissuing orders to telecom companies asking firms such as Bharti Airtel and Vodafone Idea to clear their dues immediately.

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Rupee Slips 10 Paise To 71.47 Against US Dollar On Foreign Fund Outflows

The rupee declined by 10 paise to 71.47 against the US dollar in opening trade on Monday, amid sustained foreign fund outflows and weak opening in domestic equities. Forex traders said strengthening...

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Markets Have a Positive Opening; Sensex Gains over 100 Points, Nifty Above 12,150

The BSE Sensex was quoting at 41,390, higher by 136points and the NSE Nifty was at 12,153, up 39 points.

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Markets Likely To Have A Cautious Start

Stocks in Asia have began the week on a mixed footing and the SGX Nifty futures are trading flat, with a loss of 9 points or 0.07 per cent.

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No Timeline Yet For Phasing Out Income Tax Exemptions: Nirmala Sitharaman

The Budget 2020-21 has introduced more tax slabs and offers higher limits provided the taxpayer is ready to forego all the existing exemptions and deductions including those against payment of...

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Telecom Service Providers Likely To Clear Dues On Monday: Report

Telecom operators are collectively liable to pay Rs 1.47 lakh crore in AGR dues as per the Supreme Court order dated October 24, 2019.

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After Sensex Rises For Second Week, Analysts See Some Pressure Ahead

Overall trend in the markets was negative, with only select stocks helping the benchmark indices rise on a weekly basis.

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Telecom Department May Encash Telcos' Bank Guarantees If Dues Not Paid

The zonal telecom units of the Department of Telecom (DoT) have not explicitly raised the issue of encashment of bank guarantees in the communications to the TSPs.

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How Much You Need To Pay To Get A FASTag

Once it is issued for a vehicle, one can choose from a range of channels to recharge the FASTag account. State Bank of India (SBI), for example, provides an online facility to enable users to add...

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Vodafone Assesses Payment To Telecom Department In Dispute Over Dues

The government ordered mobile carriers on Friday to immediately pay billions of dollars in dues after the Supreme Court threatened the companies and officials with contempt proceedings for failing to...

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NHAI Waives Rs 100 FASTag Fee Till February 29. How To Get FASTag

The FASTag system enables automatic, cashless deduction of toll charges when a registered vehicle passes through the toll plaza without stopping for a cash transaction.

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How To Receive Latest Petrol, Diesel Rates In SMS

Latest Petrol And Diesel Rates: 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...

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Diesel Prices Cut After A Day's Pause, Petrol Rate Unchanged For 5th Day

Petrol, Diesel Price Today: Domestic petrol and diesel prices are currently reviewed on a daily basis, and any changes implemented at pumps at 6 am.

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RBI Board Recommends Aligning Accounting Year With Fiscal Year From 2020-21

Addressing the board meeting, Finance Minister Nirmala Sitharaman outlined the thinking behind the Union Budget 2020-21 and focus areas of the government. ...

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Will Pay AGR Dues, Business Continuation Depends On Supreme Court Order: Vodafone Idea

"The company is currently assessing the amount that it will be able to pay to DoT towards the dues calculated based on AGR (Adjusted Gross Revenue), as interpreted by the Hon'ble Supreme Court in its...

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RBI Reviewing Monetary Policy Framework Change: Shaktikanta Das

"The monetary policy framework is in operation for the last three years. We are reviewing and analysing it internally as to how the MPC framework has worked. At an appropriate time, if required, we'll...

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Banks Will Have To Pay The Price If Any Telco Files For Bankruptcy: SBI Chairman

"If there is a negative impact on any enterprise, it impacts a larger ecosystem, whether it is banks, whether it is employees, whether they are vendors, consumers, so everybody gets impacted. So, that...

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Budget Unlikely To Have Much Inflationary Impact: Shaktikanta Das

"The direct inflationary impact of any budget is fiscal deficit number, when borrowing goes up, but the government has adhered to the principle of fiscal prudence. The ''escape clause'' under FRBM...

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Supreme Court Order On AGR Dues Will Be Discussed Internally If Issues Arise: RBI Chief

On Friday, the Supreme Court threatened contempt proceedings against top executives of Bharti Airtel, Vodafone Idea and other telecom firms for failing to comply with its directive to pay an estimated...

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Centre Closely Monitoring Agriculture Credit Given By Banks: Finance Minister

The government in Budget 2020-21 has raised the farm loan disbursal target by 11 per cent to Rs 15 lakh crore for the next fiscal and allocated Rs 1.6 lakh crore to implement various plans in...

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Transmission Of Rate Cuts To Get Better, Says RBI Governor Shaktikanta Das

Addressing the media after RBI board meeting, which was also addressed by Finance Minister Nirmala Sitharaman, Mr Das said he does not agree that rate cut transmission is plateauing out.

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Finance Bill 2020 Proposes Amendment To Levy 5% Tax On Overseas Remittance

In a statement on Friday, the Ministry of Finance said, "The government imposed a tax collection at source (TCS), akin to TDS on remittances after an internal survey by the income tax department which...

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Airtel To Pay Rs 10,000 Crore As Part Of Dues By February 20

As per the DoT calculation, Airtel has to pay Rs 35,500 crore, Vodafone Idea Rs 53,000 crore and Tata Teleservices a little over Rs 12,500 crore as AGR dues.

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Former Jet Airways Boss Vinay Dube Appointed As GoAir CEO

In his earlier assignments, Mr Dube has held the position of senior vice president-Asia Pacific at Delta Air Lines.

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Flipkart To Offer ''Touch And Feel'' Experience At Kirana Stores

"Our pilot project was successful in Hyderabad with mobiles where we partnered with local kirana stores for a touch and feel experience. But the order has to be taken online from a kiosk installed...

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Bank Loans Rise Over 7% In Two Weeks To January 31: RBI

Non-food credit rose Rs 1.02 lakh crore to Rs 100.24 lakh crore, while food credit fell Rs 3,202 crore to Rs 78,899 crore.

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India's Fuel Demand Fell 0.6% In January

Consumption of fuel, a proxy for oil demand, totaled 18.41 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

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January Trade Deficit Rises To $15.17 Billion

Oil imports rose 15.27 per cent to $12.97 billion while merchandise exports fell 1.66 per cent to $26.41 billion and imports fell 0.75 per cent to $41.14 billion.

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Obtaining Pan Card To Get Simpler, Says Nirmala Sitharaman

Thanking the ministries which spent hours getting the details required for Budget 2020-21, Ms Sitharaman said, "It is one budget where the impact on bond market, currency and equity markets has been...

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Donald Trump To Woo Indian Executives During New Delhi Visit: Report

President Trump is scheduled to make his first visit as president to India on February 24-25 during which he will travel to Prime Minister Narendra Modi's home state of Gujarat.

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Centre Willing To Look Beyond Budget To Bolster Growth: Finance Minister

"If more has to be done beyond the Budget 2020, we are willing to do that. I am open to take steps beyond it. We are open to hearing from all of you so that as and when tweakings have to happen or...

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Myntra Appoints Raghu Krishnananda As Chief Technology Officer

Raghu Krishnananda has led R&D teams in the US and India, in companies such as Yahoo, Goldman Sachs and Citibank.

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SpiceJet Profit Rises 33% To Rs 73 Crore In December Quarter

The Gurugram-based airline's revenue rose 47 per cent to Rs 3,647 crore as against Rs 2,487 crore for the same quarter last year.

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Sensex, Nifty Decline For Second Straight Day Weighed Down By Banks

Banking shares were among the worst hit in today's session as fears of rise in non-performing assets in telecom sector after the Supreme Court order led to selling pressure, analysts said.

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Finance Ministry To Seek Cabinet Nod For Credit Guarantee Fund: Report

The Credit Guarantee Enhancement Corporation Fund was Budget announcement of the current fiscal.

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Court Stalls E-Commerce Antitrust Probe Following Amazon Challenge

The court on Friday granted a stay on the investigation for two months, according to a lawyer from law firm P&A Law Offices, which is representing Amazon.

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Drugmakers May Face Supply Shortages From China If Coronavirus Drags On

An important supplier of generic drugs to the world, Indian companies procure almost 70 per cent of the active pharmaceutical ingredients (APIs) for their medicines from China.

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Wholesale Inflation Worsens To 3.1% In January

The RBI tracks consumer inflation primarily for formulating its monetary policy.

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Telecom Stocks Slide After Supreme Court Hauls Telecom Service Providers For Contempt Of Court

The telecom companies had earlier filed pleas seeking a new schedule for paying statutory dues towards adjusted gross revenue (AGR) to the Department of Telecommunications (DoT). The telecom companies...

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Sensex Falls Over 500 Points From Day's High As Markets Reverse Direction

The top court summoned the managing directors of the telecom companies to explain why they haven't deposited money to clear their dues worth Rs 1.47 lakh crore.

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Sensex Gains Over 200 Points, Nifty Moves Above 12,200 In Early Trade

The government is due to release data on wholesale inflation - gauged by the Wholesale Price Index (WPI) - at noon.

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Sensex, Nifty Likely To Open Higher Today

On Thursday, the S&P BSE Sensex index had fallen 106.11 points - or 0.26 per cent - at 41,459.79 and the broader NSE Nifty benchmark settled at 12,174.65, down 26.55 points - or 0.22 per cent - from...

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State-Run Banks Hit By Frauds Of Rs 1.17 Lakh Crore In April-December

SBI reported 4,769 cases of banking frauds worth Rs 30,300 crore during the nine-month period ended December 2019.

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Vodafone Idea Reports Third-Quarter Loss Of Rs 6,439 Crore

The quarterly results come as Vodafone Idea and other Indian telecom firms are pressured by government demands to pay $13 billion in overdue levies.

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Economists Eye Silver Lining In Rising Rural Inflation Numbers

Rural inflation rose to 7.73 per cent in January, higher than the urban inflation rate - which was 7.39 per cent - for the first time since June 2018.

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Microsoft CEO Satya Nadella To Visit India This Month

The visit comes on the heels of the Indian-origin CEO recently voicing concerns over the contentious Citizenship Amendment Act (CAA).

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NHAI Waives Off Rs 100 FASTag Fee For 15 Days. What It Means For You

FASTag News: The government has rolled out the FASTag-based toll collection system across more than 527 national highways in the country.

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S&P Retains India's Rating At 'BBB-' With Stable Outlook

S&P said the country's GDP is likely to gradually recover towards longer-term trend rates over the next two to three years.

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Sensex Snaps Two-Day Winning Streak On Inflation, Factory Output Worries

Six of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Private Bank index's 1.3 per cent fall.

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IIM Calcutta Placement Sets New Record With Average Salary Of Rs 28 Lakh

Average package of the top quartile of the class was at Rs 41.8 lakh per annum while the median salary stood at Rs 25.5 lakh, IIM Calcutta said.

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Yes Bank Shares Jump 8% Amid Fund Raise Talks: 10 Things To Know

Yes Bank shares jumped 8 per cent on Thursday a day after the private sector lender said it had received non-binding expressions of interest from JC Flowers, Tilden Park Capital Management, OHA (UK)...

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IRCTC Shares Surge To Record After Profit Triples In December Quarter

IRCTC's net profit rose 180 per cent to Rs 205.80 crore in October-December period from Rs 73.59 crore during the same quarter last year.

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Rupee Edges Lower To 71.49 Against Dollar

After starting the session at 71.37 against the greenback, the rupee slid to as low as 71.49 by afternoon as against its previous close of 71.33. It was last seen trading down 14 paise - or 0.21 per...

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Yes Bank Shares Jump Amid Fund Raise Talks, Earnings Delayed By A Month

Yes Bank said it had received non-binding expressions of interest from JC Flowers, Tilden Park Capital Management, OHA (UK) and Silver Point Capital.

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Sensex Falls Over 50 Points As Markets Erase Early Gains

Domestic stock markets gave up early gains amid volatile trade on Thursday, a day after official data showing higher-than-expected consumer inflation dashed hopes of further monetary easing for the...

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Sensex, Nifty Likely To Open Flat Today

The Singapore Exchange (SGX) Nifty futures - an early indicator of the National Stock Exchange (NSE) Nifty index in India - declined as much as 12.5 points to 12,216.50 ahead of the opening of Indian...

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India Ratings Downgrades Yes Bank's Ratings

The agency said that the downgrade reflects the continued delay and inconclusive quantum of the anticipated equity infusion in Yes Bank.

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IRCTC To Launch Third Corporate Train Kashi Mahalkal Express

Kashi Mahakal Express will be inaugurated on February 16 from Varanasi and it will start its commercial run from February 20.

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Sebi Gets Applications For Rs 81 Crore In Sahara OFCD Case

The case relates to OFCDs issued by two companies of Sahara group in 2008 after taking approval from the Ministry of Corporate Affairs.

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Coronavirus Outbreak A Chance To Expand Exports: Chief Economic Advisor

India is one of China's leading trade partners in Asia and has a huge trade deficit with that country.

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Inflation Has Peaked, Should Glide Lower Starting February: Experts

Retail inflation accelerated to 7.59 per cent in January, government data showed on Wednesday, higher than the 7.40 per cent forecast in a Reuters poll of analysts.

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India's Industrial Output Contracts By 0.3% In December

India's December factory output contracted by 0.3 per cent from expansion of 1.82 per cent in November.

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Rupee Settles 6 Paise Down At 71.34 Against US Dollar

"Rupee continued to consolidate in a narrow range for the fourth successive session ahead of inflation and industrial production number that will be released today. Weaker-than-expected economic...

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Consumer Inflation Worsens To 7.59% In January

Consumer inflation is the rate of increase in consumer prices.

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Cabinet Approves Two New Bills For Farmers, Ports: Prakash Javadekar

The Union Cabinet, chaired by Prime Minister Narendra Modi gave its approval for the Pesticide Management Bill, 2020 which will protect the interests of farmers against spurious pesticides, Union...

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Indian Firms Issue Record Dollar Bonds In First Six Weeks Of 2020

Refinitiv data showed Indian firms have issued a record $5.6 billion worth of dollar bonds between January 1 and February 11.

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ABB India Strengthens Presence In Traction & Oil Exploration

"ABB technology is always striving to drive sustainable and meaningful progress for the future. We feel privileged to continue contributing towards sustainable transportation with our best-in-class...

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Sensex, Nifty End Near Three-Week Highs On Strong Global Cues

Thirteen of 19 sector gauges compiled by the BSE ended higher led by the S&P BSE FMCG index's 2 per cent gain.

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RBI's Enhanced Regulatory Role Will Deter Malpractices, Says President

Banks are fulcrum of the country's economic ecosystem, and have played a sterling role in fuelling India's growth over the years, he stated.

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Mahindra Draws Up $423 Million Turnaround Plan For Korean Unit Ssangyong

Ssangyong, which builds sport-utility vehicles (SUVs), was expected to break even in 2019 but things started reversing last year due to a slowing global economy.

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Capital-Hungry Yes Bank Has Another Pain Point

Yes Bank's loss of mom-and-pop deposits in September was manageable in the end, though it pointed to a risk for the lender whose peers HDFC Bank Ltd. and ICICI Bank Ltd. drew more savings from...

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Non-Subsidised LPG Rate Hiked By Rs 144.5-149 Per Cylinder In Metros

LPG Rate Today In Rupees Per Cylinder: The price of LPG (per 14.2 kilograms) has been increased by a cumulative Rs. 284 per cylinder in Delhi and Rs. 283 per cylinder in Mumbai so far since August -...

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Sensex Jumps Over 300 Points, Nifty Hits 12,200 Amid Gains Across Sectors

Sensex, Nifty LIVE Updates: Analysts awaited the release of official data on consumer inflation and industrial production later in the day for more clarity on the state of the economy. The Sensex had...

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

Petrol, Diesel Rate 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...

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SoftBank Shares Soar To Seven-Month High, Here's Why

A deal would remove the risk of SoftBank having to inject further funds into Sprint, though T-Mobile may push for better terms given Sprint's relative weakness, Mr Boodry wrote.

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Sensex, Nifty Likely To Open Higher Today; Economic Data In Focus

Sensex, Nifty Today: Analysts awaited the release of official data on consumer inflation (CPI) and industrial production (IIP) later in the day for more clarity on the state of the economy. The Sensex...

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Government Has Taken Specific Steps To Boost Exports: Nirmala Sitharaman

Replying to a debate on the Union Budget, Ms Sitharaman mentioned six specific steps taken for improving the country's exports.

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IndiGo Announces Four-Day Special Valentine Sale

The airline is offering one million seats on discounted fares from February 11 to February 14. The sale is valid for travel from March 1 to September 30, a company statement said.

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Infosys To Show Expertise At Oracle Cloud Event In London

Global software major Infosys will showcase its domain expertise at the two-day Oracle cloud-based technology event in London.

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Titan Acquires Hyderabad Wearables Startup HUG Innovations

HUG manufactured smart watches embedded with safety features in collaboration with Foxconn and fitness bands, building a customer base of 30,000 people.

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Electricity Demand Rises 3.52% In January After Five Months Of Decline

Annual electricity demand in 2019 grew at its slowest pace in six years, amid a broader economic slowdown.

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Government To Separate NPS Trust From Pension Regulator: Report

The role of the PFRDA includes implementation and regulation of NPS and Atal pension Yojana through various entities including the NPS Trust.

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Economic Growth Set To Bounce Back As Slump Bottoms Out: Sanjeev Sanyal

Sanjeev Sanyal said economic growth was set to accelerate to 6 per cent in the financial year beginning in April

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Sensex, Nifty Snap Two-Day Losing Streak On Strong Global Cues

Reliance Industries, ICICI Bank, HDFC, State Bank of India and Maruti Suzuki were among the top contributors to gain in the Sensex.

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Economy Not In Trouble; Green Shoots Visible, Says Nirmala Sitharaman

Referring to visible indicators of green shoots, the Finance Minister said the forex reserve is at an all-time high and the stock market is upbeat.

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Qatar Investment Authority Completes Investment In Adani Electricity

The total QIA investment in AEML is Rs 3,220 crore which includes equity consideration of Rs 1,210 crore and shareholder subordinated debt of Rs 2,010 crore.

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Budget Tax Proposals Not To Impact Mutual Funds: Franklin Templeton

After the Union Budget was presented on February 1, there had been some apprehensions on the growth of MF sector in the coming days.

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Sensex Holds Over 300-Point Gain, Nifty Above 12,100 On Firm Global Cues

All the 19 sector gauges compiled by BSE, barring the S&P BSE IT index, were trading higher led by the S&P BSE Metal index's 1.5 per cent gain.

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Infosys To Acquire Simplus, Strengthens Presence Across US, Australia

Simplus is a recognised leader and advisor in cloud consulting, implementation, data integration, change management and training services for Salesforce quote-to-cash applications.

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Rupee Edges Higher To 71.20 Against Dollar

Foreign institutional investors sold equities worth Rs 184.58 crore on a net basis on Monday, according to provisional exchange data.

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Sensex Jumps Over 350 Points, Nifty Near 12,150 In Early Trade

Analysts awaited official data on consumer inflation and industrial production due on Wednesday for more clarity on the state of the economy.

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RBI Releases Draft Framework For New Payment System

At present, National Payments Corporation of India (NPCI) is an umbrella organisation for retail payments systems.

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Sensex, Nifty Likely To Open Higher Today

Sensex, Nifty Today: At 8:20 am, the SGX Nifty futures traded 57.50 points higher at 12,099.00.

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GMR Airports To Build And Operate New Airport In Greece

The entire project will be funded through a mix of equity, accruals from the existing airport, and financial grant being provided by the government of Greece.

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BSNL, Air India, MTNL Highest Loss-Making State-Run Firms In FY19: Survey

Total income of all CPSEs during 2018-19 stood at Rs 24,40,748 crore compared to Rs 20,32,001 crore in 2017-18, showing a growth of 20.12 per cent.

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Rupee Strengthens By 10 Paise On Lower Crude, Weak Dollar

At the interbank foreign exchange market, the local currency opened on a positive note at 71.36. During the day, it saw a high of 71.28 and a low of 71.43.

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Amazon Challenges Antitrust Probe In Court

Amazon and Flipkart have faced mounting criticism from brick-and-mortar retailers, which accuse the US giants of violating law by racking up billions of dollars of losses to fund deep discounts and...

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Systematic Investment Plans Get Inflows Of Rs 8,532 Crore In January

Inflow of funds into systematic investment plans (SIP) in January touched a record level of Rs 8,531.90 crore compared to Rs 8,518.47 crore inflows in December.

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Government Moving Fast On Electric Vehicle Adoption

Also, so far 5,595 e-buses in 64 cities have been sanctioned for inter and intra-city operations across 26 states and union territories. A demand incentive of Rs 2,500 crore has been given under this...

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32 Lakh Homes Completed Under Prime Minister Awas Yojna

Launched on June 25, 2015, the Pradhan Mantri Awas Yojana (Urban) Mission aims to provide housing for all in urban areas by 2022.

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Passenger Vehicle Sales Decline 6% In January: Auto Body

The sale of commercial vehicles was down 14 per cent to 75,289 units in January 2020 compared to 87,591 units in January 2019 and two-wheeler sales were down 16 per cent to 1,341,005 units in January...

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Sensex Falls For Second Day As Virus Scare Weighs On Global Shares

All the 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Metal index's over 3 per cent fall.

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Government Set To Privatise Central Electronics, Invites Bids By March 16

"The government of India has 'in-principle' decided to disinvest 100 per cent of its equity shareholding in CEL (which is equivalent to 100 per cent of the total paid-up equity share capital of CEL)...

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Steel Authority Not To Shut Down 3 Loss-Making Steel Units: Chairman

"Process of divestment is on. We will not close down these special units," Mr Chaudhary told PTI, when asked whether the company will consider shutting down these plants if the steel maker does not...

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Coal Imports Rise In November After Three Months Of Decline

Imports of thermal coal - used mainly for electricity generation - rose 12.3 per cent from a year ago to 17.65 million tonnes.

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Indian Shares In Demand As Foreigners Stall Buying In Other Asian Markets

Foreigners purchased $1.71 billion worth of Indian equities on the back of solid corporate results in the December quarter.

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Inflation Likely Hit A Near Six-Year High In January: Poll

The February 5-7 poll consensus of more than 40 economists showed India's annual consumer price inflation is expected to have risen to 7.40 per cent in January.

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Petrol, Diesel Prices Cut For Fifth Straight Day Across Metro Cities

In the last five days, petrol prices have been cut by 88 paise per litre in Delhi, by 91 paise per litre in Kolkata, by 87 paise per litre in Mumbai and by 93 paise per litre in Chennai.

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Sensex Declines 300 Points, Nifty Slips Below 12,000; Tata Steel, M&M Top Losers

At 10:45 a.m, the Sensex was quoting at 40,825, lower by 316 points and Nifty was at 11,998, down 100 points. The broader markets were also trading weak; the BSE Midcap index had shed 0.8 per cent to...

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Sensex Falls Over 150 Points, Nifty Slips Below 12,050; Metal, Auto Stocks Lead Losses

The markets have started the week on a tepid note, in line with the negative vibes from Asian markets and listless trading activity on Nifty futures.

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Markets May Have A Tepid Start

And the coronavirus shows no signs of abating; the death toll in China's coronavirus outbreak rose to 811 on Sunday, surpassing the number of fatalities in the SARS epidemic. The epidemic seems...

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Centre Informally Proposed GST Rate Rejig Once A Year: Finance Minister

"In GST, when you have come to certain level or grade, periodically changing it leads to inversion problems, refund issues and so on. So, therefore, when one item's rate of taxation is brought down, a...

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Budget Has Laid Foundation For $5 Trillion Economy: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman said on Sunday that the latest Union Budget has laid the foundation for increasing consumption and building assets such as infrastructure for building a $5 trillion...

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Government Aims To Simplify Tax Structure, Nirmala Sitharaman Tells India Inc

Ms Sitharaman said Budget 2020 provides discreet and considered stimulus and there was never a trust deficit in the banking system. ...

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Government Favours Continuous Engagement With Industry, Business: Nirmala Sitharaman

"The broad message apparent (in the budget) is that the government wants continuous engagement with industry and business. And my presence here is not in response to what is happening inside (country)...

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Centre Open To Further Bank Consolidation: Anurag Singh Thakur

"We have successfully done the mergers and recapitalisation of banks. Insolvency and Bankruptcy Code (IBC) has been successful, which has brought back more than Rs 4 lakh crore to the banks. Further...

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PSU Banks May See Higher Profits, Must Tap Market: CEA

"The Budget's decision not to recapitalise the PSU banks is a good move and signals that all the banks are adequately capitalised at this point. The Judgement on Essar Steel provides greater clarity...

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Budget 2020: Employer Contribution To Retirement Funds Capped

The budget document states, "It is proposed to provide a combined upper limit of seven lakh and fifty thousand rupees in respect of employer's contribution in a year to NPS, superannuation fund and...

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Anand Mahindra's Term Extended As Mahindra & Mahindra Executive Chairman

The decision was made after market regulator Sebi extended its deadline for companies to split the posts of Chairman and Managing Director by two years till April 2022.

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From Monday, SBI To Pay These Returns On Fixed Deposits

SBI Fixed Deposit Rates February 10, 2020: SBI offers both monthly and quarterly interval options for crediting the interest in retail fixed deposit accounts. However, the payment of interest on a...

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Stake Sale To Help Improve LIC Accountability: Nirmala Sitharaman

LIC IPO: Set up in 1956, LIC currently controls a majority share in the life insurance market in the country.

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Importers Call Strike Against Three-Fold Duty Hike On Toys

Protesting against the move, the toy wholesalers of the city went on a one-day strike, contending that the import duty hike will result in the closure of businesses and a spurt in unemployment.

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Sensex, Nifty Clock Nearly 4% Weekly Gain

The stock markets recovered the Budget-day losses in the first two sessions of the week, and continued to rise until trimming some of those gains only on Friday next.

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Petrol Price Cut By 23-24 Paise/Litre, Diesel By 25-27/Litre In Metros

Petrol, Diesel Rate Latest: Oil marketing companies such as state-run Indian Oil Corporation review the rates on a daily basis, and adjust the rates depending on crude oil rates overseas and the...

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Global Firms Line Up As Government Goes Shopping To Update Ageing Fleet

Airbus is offering to set up an assembly line in India in partnership with the Tata Group to produce the C295W military transport aircraft.

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Lockheed Martin In Pact With BEL To Explore Opportunities For F-21 Jet

Lockheed Martin said it is strengthening and growing its partnerships with the Indian industry to support the company's F-21 proposal for the IAF.

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IPO Will Make LIC Disinvestment More Transparent: Nirmala Sitharaman

The Finance Minister further said that the central government was seeking ways to decriminalise the tax laws in the country.

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Rupee Slips 22 Paise To 71.40 On Strong Dollar Demand

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.09 per cent to 98.58.

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Name, Logo Of Merged Entities With PNB To Be Unveiled Soon

The new entity will be the second largest bank in the country after State Bank of India (SBI) with a total business volume of Rs 18 lakh crore.

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Tour Operators Face Severe Blow From China Coronavirus

State carrier Air India has cancelled flights to China and Hong Kong until further notice while private carrier IndiGo has suspended its flights until February 20.

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Finance Ministry Working On Deposit Insurance Bill: Nirmala Sitharaman

The FRDI Bill seeks to offer a bail-in clause to banks, which many fear will be detrimental to depositors.

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Credit Suisse Chief Tidjane Thiam Quits As Spy Scandal Swells

The head of Credit Suisse, Tidjane Thiam, said Friday he would step down next week, as a ballooning spying scandal rocks Switzerland's second largest bank.

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Finance Minister Praises RBI For Promoting Lending To Small Businesses

The Reserve Bank of India on Thursday tweaked the cash reserve ratio (CRR) norms in a bid to increase lending to micro, small and medium enterprises.

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LIC Valuation Yet To Be Decided, Will Speak To Staff On IPO: Chairman

All India LIC Employees Federation this week staged an hour-long walkout strike to protest against the move to sell its stake in the state-run insurer.

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Sensex, Nifty Snap Four-Day Winning Streak; RIL, HDFC Top Drags

Analysts say that after a sharp surge in the benchmark indexes markets are correcting on account of a mild profit booking.

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Coronavirus: Suzuki Considers China Supply Options, Sees India Sales Drop

Suzuki Motor is the latest auto maker bracing for disruption in production and supply chains, as the epidemic spreads fast, killing almost 640 people.

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Sensex, Nifty Trade Lower; Reliance Industries, HDFC Under Pressure

Mid- and small-cap shares were trading mixed as the Nifty Midcap 100 index rose 0.3 per cent and Nifty Smallcap 100 index dropped 0.1 per cent.

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How To Receive Latest Petrol, Diesel Rates In SMS

Latest Petrol And Diesel Rates: 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...

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SBI Loans To Become Cheaper As Bank Lowers Key Lending Rate

SBI also lowered its fixed deposit (FD) rates by up to 50 basis points (0.5 percentage point) citing "surplus liquidity in the system".

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Petrol, Diesel Price Cut For Second Straight Day

Currently, the prices of petrol and diesel vary from city to city depending on local taxes.Oil marketing companies such as state-run Indian Oil Corporation review the rates on a daily basis, and...

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Rupee Edges Lower Against US Dollar In Early Trade

Brent crude futures - the global benchmark for crude oil - were last seen trading 0.6 per cent higher at $55.27 a barrel, but were headed for a fifth weekly loss amid lingering fears over the impact...

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Sensex, Nifty Edge Lower Amid Choppy Trade

On Thursday, the S&P BSE Sensex index had risen 163.37 points - or 0.40 per cent - to end at 41,306.03 and the broader NSE Nifty benchmark climbed 48.80 points - or 0.40 per cent - to 12,137.95.

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Sensex, Nifty Likely To Open Flat Today

On Thursday, the S&P BSE Sensex index had risen 163.37 points - or 0.40 per cent - to end at 41,306.03 and the broader NSE Nifty benchmark climbed 48.80 points - or 0.40 per cent - to 12,137.95.

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PM Narendra Modi Says Fundamentals Of Indian Economy Strong

Rejecting pessimism over the target of nearly doubling the size of the economy to $5 trillion, he said aspirational targets were needed to move ahead.

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Long-Term Repos Aimed At Helping Banks Cut Lending Rates: Shaktikanta Das

It can be noted that the longest repo that the RBI has so far done is of 56 days, while most of its either overnight or for a fortnight.

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Contingency Plan Needed To Deal With Coronavirus Impact: Shaktikanta Das

The coronavirus scare has affected air travel as several airlines across the world, including in India, have curtailed flight operations to China.

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RBI Announces Incentives For Lending To Small Businesses

"As a part of this, it has now been decided that scheduled commercial banks will be allowed to deduct the equivalent of incremental credit disbursed by them as retail loans for automobiles,...

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Weak Growth To Pull Down Rupee, Coronavirus Fears To Impinge: Poll

The battered rupee will weaken further against the dollar over the coming year as a significant pickup in economic growth is unlikely.

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Income Tax Department Unveils E-Calculator To Compare Due Tax Under New, Old Regime

Taxpayers in three age categories of normal citizen (below 60 years), senior citizen (60-79 years) and super senior citizen (above 79 years) can punch in their estimated annual income from all...

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Centre Allocates Rs 550 Crore To Mumbai Urban Transport Projects

Although the funds for MUTP have decreased, the railways should focus on spending the entire allocation within a set deadline, National Railway Users Consultative Committee member Subhash Gupta said.

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Sensex Gains For Fourth Straight Day After RBI Keeps Repo Rate Unchanged

The RBI said the economy continues to be weak and the output gap remains negative, projecting a gross domestic product (GDP) growth rate of 6 per cent for the next financial year.

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Hike In Deposit Insurance Won't Hit Bank Balance Sheets: RBI

Following the failure of a number of cooperative banks, with the city-based PMC Bank being the latest and largest last year, the budget had permitted the Deposit Insurance and Credit Guarantee...

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RBI Announces Incentives For Lending To Small Businesses

and above the outstanding level of credit to these segments as at the end of the fortnight ended January 31, 2020 from their net demand and time liabilities (NDTL) for maintenance of CRR," it said....

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Reserve Bank Of India's Policy Stance On Expected Lines: Experts

The Reserve Bank of India (RBI) held rates steady on Thursday and retained an accommodative policy stance as it sought to support faltering growth and avoid stoking already high inflation levels.

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RBI Has Many Other Tools To Revive Growth, Says Shaktikanta Das

The Reserve Bank of India (RBI) in its sixth bi-monthly monetary policy pegged GDP growth for FY21 at 6 per cent, but guided towards an uncertain inflation outlook.

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RBI Estimates GDP To Expand At 6% In Next Financial Year

The central bank said that for 2020-21, the growth outlook will be influenced by several factors, including level of private consumption, and external factors.

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RBI Revises Retail Inflation Projection To 6.5% For March Quarter

Going forward, the inflation outlook is likely to be influenced by several factors like food inflation, crude prices and input costs for services, RBI said.

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Sensex Gains 200 Points, Nifty Hovers At 12,150 As RBI Keeps Repo Rates Unchanged

Today's statement is the first after the presentation of Union Budget, in which the government outlined huge packages for farming and infrastructure, but only gave a small cut in personal taxes and...

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Government Plans To Fully Electrify Rail Network In Next 4-5 Years

Railway Minister Piyush Goyal said currently 55 per cent of the railway network uses electricity while the remainder is on diesel.

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RBI Keeps Repo Rate Unchanged At 5.15% Amid Slowdown

RBI Policy: This is the RBI's sixth bi-monthly statement of the current financial year.

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Kia In Talks Over Moving $1.1 Billion Plant Out Of Andhra Pradesh: Report

Kia has been troubled by a new state law on local hiring and by the new state government wanting to review the incentives given out by the previous administration to encourage the company to set up...

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Markets Turn Flat Ahead Of RBI Policy; Rate-Sensitive Stocks Subdued

The rate-sensitive stocks are trading virtually unchanged as they seek direction from the policy statement. The BSE Bankex is flat at 35,461 and BSE auto is also quiet at 18,263. In the BSE Banking...

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RBI To Release Policy Statement Today. Catch LIVE Updates Here

The six-member Monetary Policy Committee is widely expected to maintain the status quo on key lending rates, amid economic slowdown and consumer inflation staying well above the RBI's comfort zone.

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Sensex Rises Over 150 Points, Nifty Above 12,100 Ahead Of RBI Statement

On Wednesday, the domestic markets had continued their rally for the third straight day, with the Sensex ending 353.28 points - or 0.87 per cent - higher at 41,142.66 and the Nifty settling at...

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Sensex, Nifty Likely To Open Flat Today; RBI Policy In Focus

Sensex Nifty: At 8:30 am, the SGX Nifty futures were down 9.00 points - or 0.07 per cent - at 12,091.00.

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Budget Done, Over To RBI. What To Expect From Decade's First Policy

The Reserve Bank of India (RBI) will release its sixth bi-monthly policy statement of current fiscal year at 11:45 am today, following a three-day meeting of its Monetary Policy Committee. The...

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Outlook On Vodafone Idea Critical, Says Parent Company

Vodafone Idea needs to pay over Rs 53,000 crore as licence fee, spectrum usage charge, interest and penalty dues to the telecom department.

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Consumer Commission Asks Lufthansa, British Airways To Pay 65 Lakh As Relief

The complainant, a senior citizen, had suffered great mental agony and physical harassment due to re-routing and cancellation of the confirmed flights by Lufthansa German Airlines and British Airways....

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Rs 9 lakh Crore Locked In Direct Tax Disputes

As on November 30 2019, there are around 5 lakh cases pending at various levels with disputed tax arrears.

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Tata Steel Features Among India's Best Workplaces In Manufacturing 2020

"Today, employers not just in India but globally must continuously work towards raising and meeting the standards of work environment to attract, engage and retain the best talent to remain...

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Concor To Issue EoI For 30% Stake Sale This Month: Report

The government has decided to sell 30 per cent stake in the company to a strategic partner, along with transfer of management control. The government currently holds 54.8 per cent stake in Concor. The...

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Middle Class "Trained Enough" To Pick Right Income Tax Option: Niti Aayog

Budget 2020 Income Tax Slabs: Niti Aayog Vice Chairman Rajiv Kumar exuded confidence that the middle class's propensity to save will not come down.

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Indian Oil Signs Annual Deal On Option To Buy Crude From Russia's Rosneft

India has been diversifying its sources of crude oil imports, in order to hedge political risks that threaten to choke off supplies from a particular region or country.

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Virus Outbreak Delays India's Cotton Exports To China

Most Chinese firms scale back operations or close for long periods around the Lunar New Year holidays, which began on January 24 this year.

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Solid Demand Lifts Services Activity To Seven-Year High In January

The Nikkei/IHS Markit Services Purchasing Managers' Index rose to 55.5 in January from December's 53.3. It was the highest reading since January 2013.

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Coronavirus: Surat Diamond Industry Stares At Rs 8,000-Crore Loss

According to Dinesh Navadiya, regional chairman of Gems and Jewellery Export Promotion Council (GJEPC), polished diamonds worth around Rs 50,000 crore are exported from Surat to Hong Kong every year.

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Sensex, Nifty Up For Third Straight Day Led By Reliance Industries, HDFC

In the last three sessions, the Sensex has climbed 3.54 per cent and Nifty has jumped 3.66 per cent.

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SBI Pays These Returns On Retail Fixed Deposits

SBI FD Interest Rate: With effect from January 10, 2020, SBI pays interest rates to the tune of 4.5-6.6% to its customers on fixed deposits up to Rs 2 crore.

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Finance Minister Introduces Direct Tax Vivad Se Vishwas Bill In Lok Sabha

Giving the rationale behind the scheme, Ms Sitharaman said it will reduce the litigation expenditure for the government and at the same may help in generating some revenue. ...

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Jio 1.5 GB/Day Recharge Plans: Validity, Prices, Other Benefits Here

Jio news: Reliance Jio's new recharge plans for usage of 1.5 GB of high speed internet data per day now starts at Rs 199 for a period of 28 days.

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Mutual Funds To Deduct 10% Tax Only On Dividend Income, Says Taxman

CBDT has said that necessary clarification regarding the application of taxes would be made in the relevant provision of the law.

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Fitch Says Budget Light On New Structural Reforms

Fitch projected that the government debt will remain close to 70 per cent of GDP throughout the period to 2021-22.

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Sensex Trims Gains As Infosys, Maruti Suzuki Slip; Nifty Hovers At 12,000

The Sensex, which had recouped all its Budget-day losses in the previous session, had risen by another 250 points approximately to touch an intra-day high of 41,023 this morning and the Nifty had also...

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Bharti Airtel Inches Higher Gains Despite Q3 Loss

At 11:30 a.m, the shares of Bharti Airtel were trading higher by Rs 2 or 0.3 per cent at Rs 521 on the BSE amid the Sensex's gains of 0.3 per cent. The shares have touched an intra-dy high of Rs 529...

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Budget 2020: Now Perfect Ecosystem For Startups, Says Taxman

During their formative years, start-ups generally use ESOP to attract and retain highly talented employees. ESOP are a significant component of compensation for these employees.

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Sensex Rises Over 150 Points, Nifty Touches 12,000 In Early Trade

Domestic stock markets started Wednesday's session on a choppy note after a gap-up opening, a day after benchmark indices recouped all of the losses registered on February 1 when the government...

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

Union Budget 2020: On Tuesday, the Sensex and Nifty recouped all of the losses registered on February 1, the day the government presented its Budget.

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Sebi Examining Legal Aspects Of National Stock Exchange IPO: Ajay Tyagi

The comments come within a month of NSE chief executive Vikram Limaye having said that the stock exchange intends to launch its initial public offering (IPO) by September.

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$5 Billion Of Bonds May Be issued With No Foreign Investment Cap: Report

An inclusion in global indices would open India's bond market to more investors and potentially reduce the government's borrowing costs.

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Bharti Airtel Reports December Quarter Loss Of Rs 1,035 Crore

Average revenue per user (ARPU), the key metric of profitability for telecom companies, improved from Rs 128 in previous quarter to Rs 135 per month in December quarter.

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Financial Services Department Approves Raising Deposit Insurance

At present, bank depositors get an insurance cover of Rs 1 lakh on their amount by the Deposit Insurance and Credit Guarantee Corporation (DICGC) if a bank fails.

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Bank Frauds Declining Sharply Annually, Says Anurag Thakur

Bank frauds reduced significantly from Rs 38,548 crore in the 2016-17 fiscal to Rs 16,084 crore in 2017-18 fiscal.

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IRCTC Share Price Hits New Record High, Tops Rs 1,400 Apiece

With today's surge in IRCTC share price, the market value of the government-owned online railway ticket booking portal, climbed up to Rs 22,613 crore.

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Sensex Recoups Budget-Day Losses, Jumps Over 1,000 Points In Two Sessions

On the global front, the Asian markets, including Hang Seng, Nikkei, Straits Times and Taiwan indices, gained around 1 per cent each, while the Chinese markets eked out gains of half a per cent on...

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Titan Q3 Net Profit Rises 13% To Rs 470 Crore Due To Festival Cheer

Sales for the quarter under consideration rose 8.4 per cent to Rs 6,105.96 crore from Rs 5,632.45 crore in the same quarter last year.The jewellery business recorded income growth of 10.6 per cent at...

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PNB Loss At Rs 492 Crore In December Quarter As Higher Provisions Hurt

Punjab National Bank said that it provided Rs 4,445.36 crore for bad loans in December quarter up form Rs 3,253.32 crore.

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Taxpayers' Charter Will Empower Citizens, Ensure Time-Bound Tax Services: CBDT Chairman

"The underlining theme with which we have been working till now is that we trust the taxpayers and from purely an enforcement agency, we are shifting our focus to being a service-oriented department,"...

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Budget Proposes 5% Tax On Foreign Tour Packages, Remittances Abroad

New TDS provision has been introduced on foreign remittance. Authorized foreign exchange dealer receiving an amount of Rs 7 lakh or more in a financial year for remittance out of India under the...

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LIC Staff Union To Hold Walk-Out Strike To Protest Against Share Sale

Listing of LIC is against national interest as over the years it has been playing a pivotal role in nation building activities, LIC's union said.

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Sensex Surges 800 Points, Nifty Crosses 11,900 On Firm Asian Cues, Decline In Oil Prices

All the BSE sectoral indices are trading in the green, with Banking, FMCG, oil and metal indices gaining 1-2 per cent each.

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Coming Up, LIC And Other Multi-Billion Dollar IPOs In India

A first-time share sale of that size would be the biggest India has ever seen and could create the nation's most-valuable company by market value. The nation's largest transaction to date was Coal...

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Alphabet Shares Fall As Google Misses On Sales, Youtube Revenue Disappoints

Mr Pichai had sought to counter slowing revenue growth in the company's main advertising business by pointing to the Silicon Valley firm's younger units.But Mr Pichai's reveal that Google's YouTube...

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Sensex Gains More Than 300 Points, Nifty Nears 11,800; IT Stocks Shine

The Sensex is quoting at 40,172, higher by 301 points or 0.7 per cent and the Nifty is at 11,797, up 89 points or 0.7 per cent.

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Markets Poised To Extend Gains For Second Consecutive Day

The European markets had edged higher on Monday due to relief that UK finally exited the European Union. US stocks also rallied overnight, boosted by surprise strength in US manufacturing activity,...

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Select Government Bonds To Be A Part Of Global Indices Shortly: Economic Secretary

"Certain specified categories of government securities would be opened fully for non-resident investors, apart from being available to domestic investors," Finance Minister Nirmala Sitharaman had...

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"Should Not Make Mistake Of Splurging": Finance Minister Meets India Inc

Budget has not given anything sector specific but gave a macro picture of the economy, Finance Minister Nirmala Sitharaman.

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LIC Staff To Hold Strike On February 4 Against Proposed Share Sale

Life Insurance Corporation (LIC) of India employees will hold nationwide strike on Tuesday to protest against the government's move to sell stake.

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RBI Seen Holding Rates, Retaining Dovish Stance: Poll

The central bank's monetary policy committee (MPC) cut rates by 135 basis points over five straight meetings last year.

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Opinion: What's In Modi's Budget For Indians? Precious Little

The budget unveiled by Prime Minister Narendra Modi's government Saturday left virtually every domestic constituency unhappy. My interpretation? Luring overseas investors to high-yielding Indian...

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ITC Declines For Second Consecutive Day On Hike In Excise Duty

"As a revenue measure, I propose to raise excise duty, by way of National Calamity Contingent Duty on Cigarettes and other tobacco products. However, no change is being made in the duty rates of...

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Sensex, Nifty Bounce After 3 Days of Decline Led By Metal, Auto Stocks

Eight of 11 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty Media index's 1.7 per cent gain.

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Electricity Supply Rises After Five Straight Months Of Decline

Power supply rose to 106.36 billion units in January, up from 103.01 billion units last year, an analysis of daily load despatch data from state-run Power System Operation Corp Ltd (POSOCO) showed.

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Government's Stimulus Unlikely To Revive Economic Growth: Economists

Investors and consumers were disappointed by the budget as no new incentives were offered for the beleaguered financial sector and housing market.

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January Manufacturing Activity Hits Near Eight-Year High As Orders Jump

The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, jumped to 55.3 last month from 52.7 in December.

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China Stock Markets Sink As Coronavirus Virus Fears Maul

Despite the support, Chinese shares were deep in red, with the blue-chip index stumbling 7.8% to a 4-1/2 month trough.

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WeWork Names NRI Sandeep Mathrani As CEO

Sandeep Mathrani will join the company as the CEO from February 18, 2020 and will report to Marcelo Claure, who will remain as executive chairman, the company said in a statement.

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Sensex Rebounds Over 300 Points From Day's Low; FMCG, Auto Stocks Up

At 10.45 am, the Sensex had recouped more than 300 points from intra-day lows and was quoting at 39,914, higher by 179 points or 0.4 per cent and the Nifty was at 11,721, up 59 points or 0.5 per cent....

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As Budget Disappoints Investors, Burden Of Recovery Now Solely On RBI

The fiscal plan -- delivered by Finance Minister Nirmala Sitharaman on Saturday -- proposed tax cuts for individuals and wider deficit targets, but failed to provide specific steps to fix a struggling...

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LIC Sale Unlikely To Go Through Next Fiscal Year, Say Analysts

The LIC sale is unlikely to go through next fiscal year given statutory challenges, said Suresh Ganapathy, head of financial research at Macquarie Capital Securities Ltd.

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Sensex, Nifty Fall Amid Volatile Trade

Budget 2020: At 8:36 am, the SGX Nifty futures traded 305.00 points - or 2.54 per cent - lower at 11,682.00.

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Sensex, Nifty Likely To Open Sharply Lower Today

At 8:36 am, the SGX Nifty futures traded 305.00 points - or 2.54 per cent - lower at 11,682.00.

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NRIs Will Only Be Taxed On Their Indian Income: Government

"The new provision is not intended to tax Indian citizens who are bonafide workers in other countries. In some section of the media, the new provision is being interpreted to create an impression that...

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Budget 2020: Rs 1.95 Lakh On Rs 15 Lakh Income? Here's How It Works

Budget 2020: Finance Minister Nirmala Sitharaman used an example to explain the difference in tax liability for a person not claiming any exemptions. "A person earning Rs 15 lakh in a year and not...

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Direct Tax Collection Target Scaled Down In Budget; New Slabs To Benefit Taxpayers: CBDT Chairman

"Those (earlier) estimates have been revised in the budget and our new target would be about Rs 11.80 lakh crore, which I am pretty confident that we will achieve," the CBDT Chairman told PTI in a...

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LIC IPO May Come In 2nd Half Of FY21, Says Finance Secretary

"We will follow the extant procedure for listing and for other things including the legislative changes it requires in consultation with the Ministry of Law and that process we already started ......

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TDS Deduction For Big E-Tailers, Relief For Small Traders: FM

"In order to widen and deepen the tax net, it is proposed to provide that e-commerce operator shall deduct TDS on all payments or credits to e-commerce participants at the rate of 1 per cent in...

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Budget: Bonds Poised To Rally As Fiscal Deficit Goals Meet Expectations

Finance Minister Nirmala Sitharaman outlined a multi-billion dollar package for farm and infrastructure spending in the budget for 2020-21, but the stimulus fell short of market expectations and...

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Sensex Slumps 988 Points As Budget Fails ToEnthuse Investors

elloff across sectors barring information technology shares led to deep cuts in stock markets today.

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Tax Payment On ESOPs From Startups Deferred, Says Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman in her Budget 2020-2021 speech emphasized that entrepreneurship has always been the "strength of India."

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Nominal GDP Growth For Next Fiscal Estimated At 10%: Nirmala Sitharaman

The net market borrowings would be at Rs 4.99 lakh crore in FY 2019-20 and are estimated at Rs 5.36 lakh crore in the next fiscal.

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Budget LIVE: Sensex, Nifty Open Lower Ahead Of Budget Announcements

The S&P BSE Sensex and NSE Nifty 50 indexes fell sharply in trade ahead of the Union Budget 2020 tracking weakness in US markets.

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Opinion: Restoring Input Tax Credit Benefits To Help Bring Down Property Prices

The question of why homes are not selling as quickly as they used to does not have a single answer - it is a matter of sentiment, and sentiment reacts to a number of factors.

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Budget Components Explained: What To Find Where In Budget Documents

For example, the Demand for Grant documents detail the estimated expenditure by each ministry or department in the coming financial year.

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Key Income Tax Changes Announced In Union Budgets

Budget 2020: From changes in income tax rates to the reintroduction of standard deduction and a higher income threshold for rebate, the government has made a few changes in the income tax rules over...

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A Summary Of Key Railway Announcements Since Merger With Union Budget

This marked the end of an era in rail budget-making; a long cherished 92-year-old history of separate rail and general budgets came to an end.

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From GDP Expansion To Demand: Key Challenges Facing India Ahead Of Budget

As Finance Minister Nirmala Sitharaman gears up to present her second Union Budget, all eyes are on any new announcements to revive the economy. After holding its position as the world's...

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Rs 2 Lakh Limit On Deduction Against Home Loan Interest Not Enough: CII

India's real estate sector has been struggling against a severe liquidity crunch over the past three years following a series of debt defaults by high profile NBFCs.

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Union Budget 2020 Date, When And Where To Watch Live Streaming Of Budget

The Union Budget for financial year 2020-21 will be tabled in Parliament on February 1. The Union Budget will be preceded by the presentation of Economic Survey on the previous day.

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What The Common Man Can Expect From The Union Budget 2020-21

Budget 2020: Every year, speculations on major income tax changes in Union Budget - potentially sending more money to the pockets of the common man - drive investment decisions for many individuals,...

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Important Facts To Know About Past Union Budgets

Union Finance Minister Nirmala Sitharaman will present Budget for financial year 2020-21 on February 1, 2020. The official preparation of Budget started on Monday with customary Halwa ceremony....

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Key Challenges For Finance Minister Ahead Of Union Budget

Finance Minister Nirmala Sitharaman will present the first full year Budget on February 1, 2020 after Prime Minister Narendra Modi's National Democratic Alliance government returned to power in May...

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Budget 2020 Expected To Give A Boost To Investments, Savings: Brickwork

Calling the upcoming Budget as "an opportunity to unleash reforms", Brickwork Ratings said that the measures brought in since August 2019 are expected to have an impact on the economy gradually.

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Budget 2020: LTCG Tax Break On Cards? Here's What Analysts Say

Long-Term Capital Gains Tax: This tax is applicable on profits arising from sale of applicable assets held for more than one year from the date of purchase.

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Budget 2020: What Fiscal Deficit Is And Why It Is Important To Contain It

Budget 2020: Effective revenue deficit is defined as the difference between revenue deficit and grants for creation of capital assets.

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Budget Should Focus On Putting More Money In Hands Of People, Says FICCI

Industry body Federation of Indian Chambers of Commerce and Industry (FICCI) expects the Budget to put more money in the hands of people especially in rural areas, focus on disinvestment and announce...

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How Stock Markets Have Reacted To Budget Announcements In Past

Analysts say volatility in the markets especially on the Budget day cannot be ruled out as the government may unveil more measures to lift economic growth which is estimated to hit an 11-year low in...

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Budget 2020 Explainer: What Is Appropriation Bill?

Union Budget 2020: The government introduces the Appropriation Bill in the Lok Sabha post the discussions on Budget proposals and Voting on Demand for Grants. The Appropriation Bill is first passed by...

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Budget 2020 Explainer: What Is Finance Bill?

Budget 2020: As per Rule 219 of the Rules of Procedure of Lok Sabha, a Finance Bill is a bill ordinarily introduced in each year to give effect to the financial proposals of the Government for the...

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Budget 2020: HDFC Pitches For One-Time Loan Recast For Realty Projects

HDFC Chairman Deepak Parekh said that lenders are not able to write new loans for projects because a new borrowing by an entity which is already a non-performing asset, becomes an NPA on day one.

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FICCI Calls For Increase In Section 80C Income Tax Deduction Limit

Union Budget 2020: Finance Minister Nirmala Sitharaman will present the first full-year Union Budget of Prime Minister Narendra Modi's government in Parliament on February 1.

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