Business

After a subdued trade in the week gone by, the Indian equity market is likely to be largely impacted by progress in the US-China trade talks, and also developments in the country's macroeconomic front in the coming days, analysts said.

As the earnings season ended last week, the markets would look for news factors from here on, they said.

"Indian

Finance Minister Nirmala Sitharaman on Friday said it was too early to say if the slowdown in the economy had bottomed out but she hopes the growth in second half of the fiscal will be better.

The Minister also said companies are planning new investments as a response to

Top banks pay interest rates to the tune of 3.50-6.85 per cent on fixed deposits - also known as term deposits - up to Rs 2 crore. State Bank of India, HDFC Bank and ICICI Bank provide a range of maturity options to retail customers for setting up fixed

Life Insurance Corporation or LIC, the country's largest life insurance company, which offers various life insurance products like term insurance plans, endowment plans, pension plans and unit-linked plans, also offers money back insurance plans. LIC's money back plans are a combination of insurance-cum- investment plans. One of the money back

In a breather to low-cost airlines IndiGo and GoAir, aviation regulator Directorate General of Civil Aviation (DGCA) has extended the deadline for replacing their faulty Pratt - Whitney (P-W) engines on their Airbus 320neo aircraft.

The two carriers now

Domestic stock markets jumped on Friday tracking a firm trend in global peers. The S-P BSE Sensex index soared as much as 363.58 points to touch 40,650.06 during the session, and the broader NSE Nifty benchmark

Indian Railway Catering and Tourism Corporation (IRCTC), the authorised entity by Indian Railways to book its train tickets online, also offers bookings of Tatkal train tickets on its website irctc.co.in. Tatkal train ticket booking service of Indian Railways

Finance Minister Nirmala Sitharaman on Friday said no welfare schemes will be curtailed despite low revenues and she expected GST numbers for November to be "good".

She said that the government has no plans to cut spending on welfare

Consumer spending in the country's rural areas has plummeted to a four-decade low, a leading business daily reported on Friday, bringing more bad news for Prime Minister Narendra Modi's government that is struggling to revive a stuttering economy.

Consumer

Saudi Arabia on Sunday put a value of up to $1.71 trillion on energy giant Aramco in what could be the world's biggest IPO, but missed Crown Prince Mohammed bin Salman's initial target of $2 trillion.

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

"The base offer

Amid violent protests that have gripped the city, Chinese behemoth Alibaba on Friday launched its public retail offering of 50 crore new ordinary shares on the Stock Exchange of Hong Kong, in a bid to raise up to $13.4 billion.

The overall offering initially comprises

Domestic stock markets moved sharply higher on Friday, amid gains in Asian peers on optimism about an end to the US-China trade conflict. The S-P BSE Sensex index rose as much as 363.58 points to touch 40,650.06 in afternoon deals, and

Saudi Aramco's forthcoming listing on the local stock market could help strengthen the government's net asset position, with the proceeds potentially raising the kingdom's longer-term economic growth, S-P Global Ratings said.

The world's most profitable company starts a share

The rupee appreciated by 18 paise to close at 71.78 against the American currency on Friday, extending gains for a second day on the back of easing crude oil prices and positive trends in equity markets. At the forex market, the rupee opened at 71.80 against the dollar. It fluctuated between a high of

Telecom stocks garnered investor interest in mid-morning trades on the bourses on Friday, a day after Bharti Airtel and Vodafone Idea reported their quarterly financial results. Bharti Airtel shares soared as much as 8.4 per cent to Rs 393.20 apiece on the BSE, and the Vodafone Idea stock jumped as much as 24.75 per cent to Rs 3.68. Telecom majors

Billionaire industrialist Anil Ambani on Saturday resigned as Director of Reliance Communications as the bankrupt telecom operator nears sale of its assets under an insolvency process.

"Chhaya Virani, Ryna Karani, Manjari Kacker and Suresh Rangachar

The government is considering proposals on raising insurance cover on bank deposits from the current Rs 1 lakh and regulating multi-state cooperative banks, Finance Minister Nirmala Sitharaman said on Friday. The new

The Supreme Court on Friday cleared the way for steel giant ArcelorMittal to complete its purchase of debt-laden Essar Steel for Rs 42,000 crore, setting aside the National Company Law Appellate Tribunal (NCLAT)'s order giving equal status to financial and operational creditors. The order came as a huge win

Heavy rains in October and November have brought more misery to farmers, after summer-sown crops such as soybean, cotton, rice and vegetables suffered rain and flood damage during the wettest June-September monsoon season in 25 years.

"We couldn't harvest

The country's exports dipped by 1.11 per cent to $26.38 billion in October on account of contraction in sectors like petroleum and leather. In September also, exports had contracted by 6.57 per cent to $26 billion. Imports too declined by 16.31 per cent to $37.39 billion,

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

Novartis AG on Friday won US approval for its experimental sickle cell disease drug, Adakveo, making it the first of several proposed new therapies designed to offer lasting relief for patients with the debilitating blood disease to get US regulatory clearance.

The drug will

Salaries are not subject to Goods and Services Tax (GST), the Central Board of Indirect Taxes and Customs (CBIC) clarified on Friday, adding that no GST has been demanded on salaries paid to chief executive officers or employees. Reports that tax authorities want to impose GST on salaries paid to employees is factually incorrect and misrepresents

India plans to reduce its stake in Indian Oil Corp. to below 51 per cent while ensuring the government and state-run companies retain control of the nation's largest oil refiner, people with knowledge of the matter said.

Prime Minister Narendra Modi's

Commercial banks such as State Bank of India (SBI) have defined certain rules to ensure sufficient balance in the bank accounts of customers. SBI requires the holders of its regular savings account to maintain a monthly average balance (MAB) to the

The government on Friday notified rules under the insolvency law to deal with issues pertaining to systemically important financial service providers, excluding banks.The corporate affairs ministry has notified the Insolvency and Bankruptcy (Insolvency and Liquidation

Domestic stock markets are likely to open higher on Friday amid gains in Asian peers. At 8:26 am, the Singapore Exchange (SGX) Nifty futures - an early indicator of the National Stock Exchange (NSE) Nifty index in India - were up 37.00 points

State Bank of India, Kotak Mahindra Bank and Bank of Baroda offer interest rates to the tune of 3.50-6.50 per cent on fixed deposits - also known as term deposits - up to Rs 2 crore. These banks provide a myriad of maturity options to retail customers for setting up fixed deposits, starting from seven days to as long as 10 years. All three banks

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

While most of India's shadow lenders remain caught in a prolonged cash crunch at home, some of the highest-quality financiers are finding that yield-hungry investors in the global loan market are eager to extend credit.

That's helped reduce average margins on overseas loan deals for non-state Indian shadow lenders to a record low, according to data