Business

State Bank of India (SBI), the country's largest lender, has launched a debit card Equated Monthly Installment (EMI) facility for its point-of-sale customers. Under this service, customers can opt for an EMI tenure of minimum six months to 18 months, SBI said in a statement.

German auto components major Bosch India has decided to shut production for 10 days per month in the third quarter (October-December) of fiscal 2019-20 due to slowdown, said an official on Saturday.

"We have informed the stock exchanges in a

Low-cost carrier SpiceJet may consider taking some of the Boeing 737 MAX planes that were due to be delivered to now bankrupt Jet Airways but are still sitting in Seattle, its chairman said on Friday.

"Lessors are in touch with us for MAX aircraft including those. There is an opportunity to backfill, to make up for some of the lost time," SpiceJet

Petrol and diesel prices were lowered by 12-13 paise per litre on Monday compared to the previous day's prices. That marked a fifth straight day of downward revision in domestic fuel prices. With effect from 6 am, the price of petrol was revised to

The transmission of past monetary policy easing have remained staggered and incomplete, the Reserve Bank of India said. According to the apex bank, the cumulative policy and repo rate reduction of 110 basis points in the last four reviews have led to a marginal decline of

Kolkata-based Bandhan Bank and Ahmedabad-based Gruh Finance said on Friday that all the regulatory hurdles have been overcome for their merger, with the National Company Law Tribunal (NCLT) clearing the scheme of amalgamation.

The scheme

State-run Indraprastha Gas Ltd (IGL) has slashed the prices of compressed natural gas (CNG) and piped natural gas (PNG) in the national capital and adjoining cities. The price of CNG for automobiles has been

National carrier Air India has announced new international flights. The carrier will operate non-stop flights on the Delhi-Doha route from October 29, 2019. The flights will be operated four times a week, the airline said on its official website- airindia.in.

Gold imports plunged 68 per centyear on year in September to their lowest in more than three years as record domestic gold prices curbed retail buying, a government source said on Friday.

Lower imports by the world's second biggest consumer could cap gains in global prices that are

Yes Bank shares jumped as much as 9 per cent on Monday and were the biggest percentage gainer on both benchmark indices, a day after the private sector lender said it had filed a complaint against fake news and rumours about its financial health. Yes Bank shares climbed as much as 9.02 per cent to Rs 45.95 apiece on the Bombay Stock Exchange (BSE)

The Sovereign Gold Bonds (SGBs) 2019-20, Series V will open for subscription from October 7-11, an official statement said on Friday. SGB is a certificate scheme in which the Reserve Bank of India (RBI) issues bonds on behalf of Government of

NITI Aayog Vice-Chairman Rajiv Kumar told TheIndianSubcontinent that he is confident that the government is considering demands from industry for a cut in personal income tax rates. "I have heard that there are demands of personal income tax rate cuts and I am fully confident that the government is holding consultations and discussions on this

Vijay Shekhar Sharma, 41, founded closely held One97 Communications and its brand Paytm (rhymes with ATM) almost two decades ago. It offered a variety of digital services before moving into payments in 2014, just as millions of urban Indians began shopping

The Reserve Bank of India (RBI) on Friday slashed the repo rate by 0.25 percentage point to 5.15 per cent - a level last seen in 2010. That marked the fifth straight reduction in the key lending rate so far this year. Industrialists said that the move would be helpful but only if

Domestic stock markets reversed direction to suffer sharp losses on Friday, after the Reserve Bank of India announced a reduction in the key lending rate to a level last seen in 2010. The S-P BSE Sensex index ended 433.56 points - or 1.14 per cent - lower at 37,673.31, and the broader NSE Nifty benchmark settled at 11,174.75, down 139.25

The Cabinet has approved a new process of strategic disinvestment with a view to expediting privatisation of select PSUs, officials said on Friday. The Union Cabinet headed by Prime Minister Narendra Modi at its meeting on Thursday evening

The Reserve Bank of India (RBI) on Friday raised its consumer inflation forecast to 3.4 per cent for the second quarter of 2019-20. The central bank left its projections for the remainder of the current financial year and the first three months of the year starting April

The finance ministry will kick-start the exercise to prepare annual Budget for 2020-21 from October 14 which, among other thing, will have to address critical issues pertaining to slowdown in growth and subdued revenue collection.

It will be the second Budget of Finance

Aiming to gain a bigger pie of the $5 billion opportunity this festive season, two big e-commerce players Amazon.in and Flipkart on Friday announced record transactions on their respective platforms, along with adding new customers especially from the tier II and III cities in the

RBI Governor Shaktikanta Das said on Friday that the central bank has no doubt over the government's commitment to meet the fiscal deficit target despite the massive tax giveaways of Rs 1.45 lakh and falling indirect tax collections. In the Budget, the

The upcoming second quarter earnings season, along with macro-economic data points such as industrial output and inflation are expected to flare-up volatility in Indian equities during next week, market observers opined.

"The 2QFY20

The Finance Ministry on Friday said the Reserve Bank's decision to lower benchmark lending rate will complement recent measures taken by the government to accelerate growth. Earlier in the day, RBI cut the repo rate by 25 basis points to 5.15 per cent.    

Government has noted

The S-P BSE Sensex and NSE Nifty 50 indexes erased gains paced by losses in banking and financial services shares after the Reserve Bank of India reduced repo rate by 25 basis points. Analysts said that the dip in equities came after the central bank dashed hopes of some market participants who were expecting of repo rate reduction of 35-50

In the first lot of big-ticket disinvetsments, the government is aiming the stake sales of public-sector undertakings (PSUs), including Bharat Petroleum Corporation Limited (BPCL), Shipping Corporation of India (SCI) and Container Corporation of India (Concor), among others, which have

A dip in prices earlier this week fuelled an uptick in physical gold demand in Singapore and India, with activity in the market also gathering pace ahead of key festivals.

However, overall activity was muted due to the golden

The Reserve Bank of India (RBI) on Friday lowered the repo rate by 0.25 percentage point to 5.15 per cent, in line with economists' expectations. The central bank's Monetary Policy Committee also maintained an accommodative

Praising the cut in the key lending rate, Union Minister for Environment and Forest Prakash Javadekar said on Saturday that the government has asked the banks to pass on the benefits to the consumers.

Addressing a press Conference, Mr Javadekar said the

Ashish Shah is caught in the middle of country's latest financial crisis. As chief operating officer of Radius Developers, he's struggling to fund construction of apartment complexes because of a liquidity crunch in the nation's bloated shadow-banking sector.

"Real estate is a sitting

The Reserve Bank of India (RBI) today said the government has not dropped in any request for an interim dividend payout of Rs 30,000 crore, after the centre's recent move to cut corporate tax raised worries about a possible widening fiscal