Business

A Trump Tower developer in Mumbai has been cut by Moody's Investors Service further into junk, reflecting deepening problems for the country's real estate sector.

Macrotech Developers, earlier known as Lodha Developers, has been cut by one step to Caa1,

Retail inflation rate rose to 4.62 per cent in October, driven by higher food prices, the government said on Wednesday.

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

Analyst

India Post - which operates a network of more than 1.5 lakh post offices across the country- provides a variety of banking services. The Department of Posts offers several savings schemes with different interest rates. Interest rates on post office saving schemes move in line

HDFC Bank requires its customers to maintain a certain minimum balance in their regular savings accounts. Failure to meet the average monthly balance or AMB requirements leads to penalty charges payable by the customer. For regular savings

Retail inflation accelerated to 4.62 per cent in October breaching the Reserve Bank of India's (RBI) medium-term target of 4 per cent for the first time in 15 months and hitting highest level since June 2018 on the back of rising vegetable prices, government data showed. Inflation - gauged by

Indian Oil, the country's top refiner, is in talks with oil major Rosneft to explore possibility of importing Russian oil, its chairman Sanjiv Singh said on Tuesday.

"We have taken very small quantities from Russia in the past which cant be

State-run Indian Oil Corporation Limited (IOCL) provides an SMS-based service to notify the consumer about the current fuel prices in different parts of the country. The SMS-based service by the country's largest fuel retailer, Indian Oil

In perhaps the first instance, the finance ministry has kicked off the exercise to formulate the next budget by seeking suggestions on changes in direct and indirect taxes from industry and trade associations.

Finance Minister Nirmala Sitharaman, who had to announce additional measures to stimulate a slowing economy within a month of her

Vodafone announced its financial results for the six months ended September 30 with several adverse comments from its Indian operations including losses.

Vodafone announced that loss for the financial period of € 1.9 billion primarily r

Petrol prices were hiked by up to 16 paise per litre in metros while diesel rates were kept unchanged on Thursday. With effect from 6 am on November 14, the price of petrol stood at Rs 73.45 per litre and that of diesel at Rs 65.79 per litre,

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

Kotak Mahindra Bank has revised its fixed deposit interest rates with effect from November 7, 2019. After the revision, Kotak Mahindra Bank pays interest rates in the range of 3.50-6.50 per cent to the general public on fixed deposits (FD) up to Rs 2 crore, over maturity periods

The S-P BSE Sensex and NSE Nifty 50 indexes declined on Wednesday led by losses in shares like ICICI Bank, Axis Bank, Infosys, ITC, State Bank of India, HDFC and HDFC Bank. For most part of the day, the benchmarks traded in a rangebound manner and switched directions at least 10 times. However, with selloff in banking shares deepening in

The second quarter GDP growth may further lower down to 4.2 per cent on low automobile sales, deceleration in air traffic movements, flattening of core sector growth and declining investment in construction and infrastructure, and the growth forecast for FY20 has now

The Department of Telecommunications (DoT) has issued notice to telecom operators to pay their revenue share dues within three months as directed by the Supreme Court, according to an industry source.

The DoT has given option to telecom operators

For Kumar Mangalam Birla's textile-to-telecom empire, adversity is a 100-year-old companion. In 1919, when the businessman's great-grandfather wanted to start a jute mill, the dominant British firm, Andrew Yule - Co., bought all the surrounding Calcutta land. The Imperial Bank, the forerunner of today's State Bank of India, initially refused

The British media is calling Vodafone's ultimatum not to pump in more capital in India, a "potentially disastrous but fitting end to Vodafone's big bet on India" where the destruction of value has been complete.

Global telecom player, Vodafone has told

The BSE on Wednesday sought clarification from Infosys over news of a second whistleblower accusing Infosys Chief Executive Officer Salil Parekh of misconduct. (Also Read: Fresh Complaint Against Infosys CEO From Finance Department Staff: Report)

IANS had reported that the

Wealthy people around the globe are hunkering down for a potentially turbulent 2020, according to UBS Global Wealth Management.

A majority of rich investors expect a significant drop in markets before the end of next year, and 25 per cent of their

Chinese shoppers snapped up food supplements, facial masks and baby milk powder at the world's largest shopping festival, with brands such as L'Oreal and Nestle among the biggest winners, Alibaba data showed. The Chinese e-commerce giant's annual Singles' Day shopping

Global financial institution HSBC has noted that Vodafone's joint venture (JV) in India is in a precarious situation after Vodafone's global CEO reiterated that there will be no further injection of group equity into India.

"The JV in India is clearly in a precarious situation following the Supreme Court's AGR-related fine," HSBC said.

It noted that

India's passive index-tracking equity funds are set to beat their active stock-picking counterparts in returns for a second successive year as fund managers grapple with volatility and the challenges of outperforming benchmark indexes.

According to Refinitiv Lipper data, India's passive funds have delivered an average return of 9.6 per cent so far

Country's diesel demand is expected to recover in the next six months as a longer-than-usual monsoon season that affected transportation and industry has ended, the chairman of top domestic refiner Indian Oil Corp (IOC) said on Monday.

Diesel

State run BSNL plans to issue sovereign bonds for raising Rs 15,000 crore next month, its chairman and MD PK Purwar has said.

"We have written to DoT already asking for approval for the Rs 15,000 crore sovereign bonds. DoT is in the process of sending it to finance ministry for approval. We

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

Vodafone Group Plc may have to slash about 1 billion euros ($1.1 billion) off the book value of its Indian venture that's reeling from spectrum payment demands and a ruthless price war.

The company could write down its 45 per cent stake in

The rupee tumbled by 62 paise to breach 72 per dollar mark and ended at over two-month low of 72.09 against on Wednesday. Poor macro-economic data and lingering worries over US-China trade war weighed on traders sentiments. After opening lower at

The domestic equity, debt and currency markets remained closed on Tuesday on account of 550th Guru Nanak Jayanti (Guru Nanak Gurpurab). The S-P BSE Sensex and NSE Nifty 50 indexes ended on a flat note in trade on Monday as gains in banking heavyweights like ICICI Bank,