Business

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

Domestic petrol prices were hiked by 15-16 paise per litre in metros on Friday while diesel rates were kept unchanged. The upward revision in the price of petrol followed two days of no change, whereas the diesel rate was maintained at the existing

After the government decided to defer spectrum payment for telecom firms by two years, the spotlight shifted to the market mood and whether investors would cheer this decision, however one witnessed a muted response towards shares of Vodafone Idea and Bharti Airtel on the stock exchanges.

Industry experts believe the decision for spectrum payments

Automobile giant Tata Motors and Tata Motors DVR along with lender Yes Bank and natural resources major Vedanta will be dropped from the 30-scrip sensitive S-P BSE Sensex from December 23, 2019.

According to Asia Index, which is a 50-50 partnership between S-P Dow Jones Indices LLC and

State Bank of India or SBI offers a range of maturities for fixed deposit (FD) accounts. For retail domestic fixed deposits up to Rs 2 crore, SBI pays interest rates to the tune of 4.50-6.40 per cent to the general public over a maturity period of seven days to 10 years,

Major global investors such as GIC, Blackrock and HSBC Global invested in Subhash Chandra-led Essel Group's stake sale of 16.5 per cent in Zee Entertainment Enterprises, sources said.

Accordingly, the planned stake sale in ZEEL to financial investors was conducted in order to repay loan

Care Ratings has downgraded Vodafone Idea's rating on its long-term bank facilities and non-convertible debentures (NCDs) due to significant erosion in overall risk profile of the company after the recent Supreme Court judgement on adjusted gross revenue (AGR)

The S-P BSE Sensex and NSE Nifty 50 indexes declined for second session in a row paced by declines in information technology and banking heavyweights like Infosys, Tata Consultancy Services, HDFC Bank and Kotak Mahindra Bank. For most part of the day, benchmarks traded lower and extended losses in noon deals. The Sensex fell as much as 298

Kerala-based private sector lender CSB Bank (Catholic Syrian Bank) will launch its initial public offering (IPO) for subscription on November 22. The public offering will be open for subscription for five days from November 22 to November 26, although the offer period for

Are you bitten by the investing bug, but intimidated by the stock market labyrinth, have limited financial resources at your disposal and are hard-pressed for time to track the vagaries of the markets? Mutual fund investment may be the appropriate route for a novice investor. A mutual fund, in simple terms, collects money from various investors

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

As part of a government-mandated outreach programme, public sector banks disbursed a record Rs 2.5 lakh crore of loans during the festive month of October, the finance ministry said on Thursday.

In a bid to boost consumption and revive the economy,

The country's urban unemployment rate between January and March this year fell to 9.3 per cent, the lowest in at least four quarters, according to an unpublished government report reviewed by Reuters. The numbers, recorded in the statistics ministry's

The Reserve Bank of India on Friday constituted a three-member panel to advise the administrator of DHFL, ahead of formally moving for resolution of the troubled mortgage lender under the insolvency law.

IDFC First Bank's Non-Executive Chairman

Country's bankruptcy-resolution process has just begun to find its feet with recent precedent-setting court rulings, but bankers, lawyers and insolvency experts say the system is about to face a huge test.

The non-bank financing giant Dewan Housing Finance (DHFL) will go into insolvency proceedings, the central bank said on Wednesday, making it the

Domestic stock markets finished the week on a flat note as a spike in pharma stocks countered losses in IT and consumer goods shares. The S-P BSE Sensex index ended 2.72 points higher at 40,359.41, and the broader NSE Nifty benchmark ended up 18.95

The decision by all three private telecommunication companies to raise tariffs from December 2019 and a two-year moratorium on payment of spectrum dues are positive for the industry, Fitch Ratings said.

However, these are unlikely to be

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

Muthoot Finance, the largest gold loan non-banking finance company in the country, on Friday entered into a definitive agreement to acquire IDBI Asset Management and IDBI Mutual Fund Trustee Company, paving way for its entry into the mutual fund asset management space.

"Upon completion of the transaction, Muthoot Finance will purchase 100

India's housing market, burdened with unfinished projects as developers struggle to get cash, is forecast to rebound modestly over the coming year on government plans to unclog the market, a Reuters poll of analysts found.

Earlier this month the

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

Banks' loans rose 8.1 per cent in the two weeks to November 8 from a year earlier, while deposits rose 9.9 per cent, the Reserve Bank of India's weekly statistical supplement showed on Friday.

Outstanding loans rose Rs 6,954 crore ($968.39 million) to Rs 98.48 lakh

India is trying something new. After watching the shadow banking industry collapse in slow motion for more than a year, authorities have decided that enough is enough. They want to experiment with in-court bankruptcy for nonbank lenders. But will going to a haircut salon leave the financial system any neater?

Dewan Housing Finance will be the test

Domestic stock markets ended lower after a volatile session on Thursday, as investors booked profits after the government said it had approved stake sales in five state-run companies. The markets started the day on a

Gold prices were last seen at Rs 38,310 per 10 grams in the national capital on Friday, according to industry body India Bullion and Jewellers' Association (IBJA). These rates are exclusive of a 3 per cent Goods and services Tax (GST) and making charges, IBJA mentioned on its website.

CSB Bank IPO or initial public offering opened for subscription on Friday. The three-day share sale under the CSB Bank IPO opened for subscription on Friday and will close on November 26. CSB Bank is selling shares of face value of Rs 10 each in the price

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

Bharti Airtel, Vodafone Idea and Tata Teleservices on Friday filed a petition in the Supreme Court for reviewing its order passed last month which held that adjusted gross revenue (AGR) for telecom companies should include all

The S-P BSE Sensex and NSE Nifty 50 indexes edged lower in trade on Friday tracking weak global cues. Analysts say that efforts by China to smooth the path forward in US-China trade talks helped sooth investor sentiment, though fears remained that a phase one deal might not occur until next year. Overnight, on Wall Street, the Dow Jones

ICICI Bank has revised its interest rates on retail fixed deposits with effect from November 20. ICICI Bank offers 16 maturity options to its customers for fixed deposits up to Rs 2 crore, ranging from seven days to 10 years, according to the lender's