Business

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

Tata Steel, which announced

Acknowledging the economic slowdown, Finance Minister Nirmala Sitharaman on Wednesday defended the state of the economy and dismissed concerns of a recession. "If you are looking at the economy with a discerning view

The S-P BSE Sensex and NSE Nifty indices rebounded on Wednesday, tracking broader Asian equities, as upbeat comments by US President Donald Trump stoked hopes that Washington and Beijing would hammer out an interim trade deal soon.

In the last few months, markets have swung back and forth, rallying on headlines suggesting the barest progress,

You wish to test the stock market waters. You are haunted by prolonged indecision and self-doubt. You are intimidated by the complexities in the markets. Does this resemble you? Peter Lynch, the legendary stock investor, has some re-assuring words: 'Everyone has

Country's state-run airline Air India will have to cease operations if it is not privatised, Hardeep Singh Puri, junior minister for civil aviation said in parliament on Wednesday, in response to a lawmaker's question on the subject.

A group of officials, including home and

Oil marketing companies have left petrol and diesel prices unchanged across the country on Wednesday.

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

Diesel costs Rs 65.73 a litre in Delhi, Rs 68.14 a litre in Kolkata, Rs 68.94 a

Finance Minister Nirmala Sitharaman on Thursday sought Parliament's nod for additional spending of Rs 21,246.16 crore, including over Rs 8,820 crore for the newly formed union territories of Jammu and Kashmir and Ladakh, in the first batch of supplementary

Ujjivan Small Finance Bank or USFB will launch its initial public offer (IPO) on December 2. The public offering will be open for subscription for three days starting December 2. The bank has fixed an issue price band of Rs 36-37 per share for the Rs 750-crore IPO.

India Post provides nine types of small saving schemes - including the 15-year Public Provident Fund (PPF) - at its designated branches. Currently, the government reviews the interest rates applicable to small savings schemes - such as Time Deposit (or fixed

Country's finance ministry wants the Reserve Bank of India to set up a fund to buy out stressed assets of the country's top 25 shadow lenders, a government source told reporters on Thursday.

The government has also asked the central bank to consider a one time waiver to banks from classifying some real estate loans as bad loans, the government

Domestic stock markets rose to record levels on Wednesday tracking strength in global peers on optimism about an end to the long US-China trade conflict. Gains across most sectors - led by banking, automobile and energy stocks - pushed

Domestic stock markets started Wednesday's session on a positive note amid gains in Asian peers. The S-P BSE Sensex index rose 254.46 points to touch 41,075.76 at the strongest level recorded in early trade, and the broader NSE Nifty benchmark moved to

Domestic stock markets scaled new all-time highs on Thursday shrugging off a mixed trend in Asian peers. The S-P BSE Sensex rose as much as 143.18 points to touch 41,163.79 for the first time ever and the broader NSE Nifty benchmark climbed to as high as 12,138.30, surpassing its previous all-time high of 12,132.45. Gains in banking,

There is no proposal to reduce the retirement age of employees from 60 years to 58 years, the government said on Wednesday. "No Sir. Presently, there is no proposal to reduce age of retirement on superannuation from 60 years to 58 years," Minister of State for Personnel Jitendra Singh said in a written reply to Lok Sabha.

He said there

Union minister Piyush Goyal said on Tuesday that India's service sector can help achieve the central government's target of $5 trillion gross domestic product (GDP). The services sector has the potential to be the largest job creator in the

The retail portion of Saudi Aramco's initial public offering (IPO) has been fully covered, with orders reaching 32.57 billion Saudi riyals (£6.77 billion), lead manager Samba Capital said on Wednesday.

The state-owned oil giant plans to sell 1.5 per cent of the company, or about 3 billion shares, at an indicative price range of 30 riyals to

The government is considering a plan to exclude more than half of Air India Ltd.'s $11 billion of debt in the government's latest attempt to lure investors to the struggling carrier, people with knowledge of the matter said.

Prime Minister Narendra Modi's

The Ministry of Finance is planning to come up with a lottery scheme to lure customers to pay Goods and Services Tax (GST).

This will be a step to improve compliance and check on tax leakage, a senior Finance Ministry official told ANI.

The lottery scheme plan is to hold daily and monthly lotteries for customers who take a copy of the bill after

Ratings agency Moody's Investors Service has projected Centre's fiscal deficit to be about 3.7 per cent of the gross domestic product (GDP) in 2019-20, which will be slightly wider than the 3.4 per cent posted in fiscal 2019.

The government has kept a

Domestic stock markets gave up most of early gains in afternoon deals on Wednesday. The S-P BSE Sensex index rose as much as 254.46 points to touch an intraday high of 41,075.76 in the first half of the session and the broader NSE Nifty benchmark advanced to

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

At a time when beleaguered telecom operators have decided to raise tariffs, the Telecom Regulatory Authority of India (Trai) on Wednesday said it plans to review the transparency factor in the publication of tariff plans and offers

The Union Cabinet on Wednesday extended the term of 15th Finance Commission, which is to decide on division of tax and other resources between the centre and the states, by one-year to October 30, 2020.

The cabinet "approved the 15th Finance Commission to

SBI Card and full-service carrier Vistara on Tuesday launched two premium co-branded cards- Club Vistara SBI Card and Club Vistara SBI Card PRIME. "The two variants of the ''Club Vistara SBI'' card come with several benefits and privileges, such as complimentary Club

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

The government on Wednesday increased the authorised capital of Food Corporation of India (FCI) to Rs 10,000 crore from Rs 3,500 crore, paving the way for additional equity infusion in the state-owned firm.

The decision would also help FCI, the

CSB Bank initial public offering (IPO) witnessed huge demand as the issue was subscribed 87 times on the last day of subscription, data on National Stock Exchange showed. The three-day CSB Bank share sale, which ended on Tuesday, received over 100 crore bids compared with 1.15 crore

A personal loan is a loan taken from a bank or a non-banking financial company (NBFC) to meet personal expenses. It is unsecured as there is no need to pledge a collateral and thus carries a higher rate of interest compared to secured 'home and car' loans. A personal loan is sanctioned based on a combination of factors such as income, employment,

The stock markets are set to rise further over the coming year, according to a Reuters poll of equity strategists, but those gains will be limited as fiscal stimulus and easy monetary policy fail to reverse an economic slowdown.

The BSE Sensex

A ban by market regulator Securities and Exchange Board of India (Sebi) on Karvy Stock Broking from taking on new clients and executing trades for allegedly misusing client securities has unnerved the country's retail investors.

Sebi barred