Business

A KPMG report on Monday said that 5G technology has the potential to add 0.35-0.5 per cent to India's gross domestic product (GDP) by 2025.

The report further said that India Inc has the potential to unlock $48.69 billion in four years

The S-P BSE Sensex and NSE Nifty 50 indexes rose for second straight session paced by gains in ONGC, Tata Motors, UltraTech Cement, Bharti Airtel and Yes Bank. The benchmarks opened higher and extended gains in noon deals. However, mild selling in banking shares in last 30

Global credit rating agency Moody's has downgraded the corporate family rating (CFR) and the foreign-currency senior secured rating of Indiabulls Housing Finance Limited to B2 from Ba2, after the Reserve Bank of India rejected its proposed merger with

French energy giant Total SA will buy a 37.4 per cent stake in gas distribution company Adani Gas, as it looks to capitalise on the South Asian country's push for cleaner sources of energy. Total is the third foreign oil major to enter India's gas sector after

Foreign portfolio investors (FPIs) have withdrawn over Rs 6,200 crore in just the first two weeks of October.

FPIs are essentially those who invest in securities and other financial assets in an another country.

FPIs pulling out a significant

The Reserve Bank of India (RBI) on Monday imposed a penalty of Rs 1 crore on the Lakshmi Vilas Bank Ltd, owing to deficiencies in its regulatory compliance.

The central bank said its statutory inspection of the bank with reference to its financial position as on March 31, 2017, revealed, inter alia, non-compliance with directions issued by

Finance Minister Nirmala Sitharaman said on Monday that banks have sufficient liquidity. In a media briefing after a meeting with chiefs of public sector banks, the Finance Minister said efforts are being made to ensure that due payments are

State Bank of India or SBI offers a range of maturities for fixed deposit (FD) accounts. Fixed deposits, also known as term deposits (TDs), are fixed income instruments that yield fixed returns over a pre-defined period of lock-in. For retail domestic fixed deposits up to Rs

The rupee declined by 21 paise to close at a three-week low of 71.23 against the US currency on Monday as investors rushed to safe haven bets on fading hopes of an initial trade deal between the US and China. Weak Chinese trade data also weighed on the domestic currency,

State-run oil marketing companies kept petrol and diesel prices unchanged on Monday, marking a second straight day when the fuel prices were kept on hold. With effect from 6 am on Monday, October 14, the price of petrol stood at Rs 73.32 per litre in

Reliance Jio Infocomm, a subsidiary of Reliance Industries Limited (RIL), is offering JioPhone for a price of Rs 699 under a special 'Diwali' offer. JioPhone, a 4G feature phone, is originally priced at Rs 1,500. "This is a saving of over Rs 800 wit

The Reserve Bank of India (RBI) raised withdrawal limit for account holders of the stressed Punjab and Maharashtra Co-Operative Bank or PMC Bank to Rs 40,000 from earlier withdrawal limit of Rs 25,000. "The Reserve Bank of India, after reviewing the

Masaru Wasami started working part time at a vegetable store at age 12, determined to help his ailing mother in her battle with tuberculosis.

Just three years later, he walked away from school and a promising future as a long-distance runner to thrust himself into the business

Public sector banks having fund exposure to the bankrupt real estate firm HDIL may have to classify the loans given to it as non-performing assets (NPA or bad loans) under the RBI norms, make provisions for them and report these to the exchanges, according to official sources.

So far, the

Retail inflation rate rose to 3.99 per cent in September, driven by higher food prices, the government said on Monday, close to the central bank's 4 per cent medium-term inflation target.

Annual retail inflation in September was much higher

Wholesale inflation stood at 0.33 per cent in September, government data showed on Monday. Determined by the Wholesale Price Index (WPI), wholesale inflation had stood at 1.08 per cent in August, and 5.22 per cent in September 2018, the data showed. The WPI gauges the rate of increase in wholesale prices. 

In the manufacturing products category,

National carrier Air India has announced new international flights. The carrier will operate flights on the Amritsar-Stansted (in London) route from October 31, 2019. The new flights will be operated on Monday, Thursday and Saturday, the airline said on its

Passenger carrier Vistara has announced new domestic flights. The carrier will operate flights on the Delhi-Jodhpur, Delhi-Udaipur and Mumbai-Jodhpur routes from October 29, 2019, according to airline's website - airvistara.com. The flights between Delhi and

A more than 200 per cent surge in onion prices is expected to push the headline inflation rate to its highest level in more than a year, but is unlikely to keep Asia's most aggressive rate cutter from further easing monetary policy.

The price-spike is likely

In a major setback for India's economic outlook, a World Bank report on Sunday estimated India's economic growth in the current fiscal at 6 per cent, lower than the Reserve Bank of India's latest revised outlook of 6.1 per cent.

This comes as

Retail inflation measured by Consumer Price Index rose to 3.99 per cent in September, its highest level since July 2018, but remained below the Reserve Bank of India's target range of 4 per cent for the fourteenth month in a row. Inflation in the month of August was revised

The pent-up demand for its newly-released iPhone 11 series has made Apple the most valuable company in the US again, ahead of Microsoft with a market capitalisation of $1.07 trillion.

Sailing through the US-China trade war that may impact its devices

Petrol and diesel prices remained steady at existing levels on Sunday. The pause in fuel price revisions comes after three consecutive days of reduction. Petrol price in Delhi stood at Rs 73.32 per litre on Sunday, and the price of diesel was at Rs 66.46 per

Fast moving consumer goods (FMCG) major Hindustan Unilever on Monday reported a standalone net profit of Rs 1,848 crore for quarter ended September 30. That marked an increase of 21.18 per cent compared with the corresponding period a year ago. Hindustan Unilever's revenue from sales rose 5.60 per cent to Rs 9,708 crore in the second quarter of t

Shares of Indian Railway Catering and Tourism Corporation (IRCTC) made a bumper stock market debut in trade on Monday. IRCTC opened for trading at Rs 644 on the BSE compared to its issue price of Rs 320 per equity share, registering a gain of 116.48 per

Macro-economic inflation data along with the second quarter financial results are expected to turn the equity markets volatile during the coming week.

The rupee's movement against the dollar in the backdrop of Brexit and impact of rising geo-political tensions in

Finance Minister Nirmala Sitharaman said on Monday that there is sufficient liquidity in the banking system. Addressing the media after a meeting with chiefs of public sector banks, the Finance Minister said banks have

The global economy is wobbling and whether it topples over is the big question in financial markets, executive suites and the corridors of power.

Investors cheered Friday as the US struck a partial trade agreement with China and there were even signs the UK may strike a divorce deal with the European Union. But the debate over how close the world

Avenue Supermarts - the owner and operator of supermarket chain DMart - on Saturday reported a net profit of Rs 322.66 crore for the quarter ended September 30. That marked an increase of 47.54 per cent compared to the corresponding period a year ago. In a regulatory filing, Avenue Supermarts said its revenue from operations stood at Rs 5,990.78