Business

The S-P BSE Sensex and NSE Nifty 50 indexes ended lower on Friday paced by selling pressure in metal, pharma and auto shares. For most part of the day, the benchmarks traded lower and extended declines in the last hour of trade. HDFC, IndusInd bank, Tata Consultancy Services, Larsen - Toubro, ONGC and Vedanta were among the biggest drags

Private lender Axis Bank on Thursday said its Qualified Institutions Placement (QIP) has attracted good response from the global and domestic investor community and has been oversubscribed, with the aggregate final transaction size being Rs 12,500

The moment you board an Uber vehicle starting Wednesday, you will automatically be entitled to an insurance coverage of up to Rs 5 lakh, the ride-hailing giant said on Wednesday.

In case of an accidental death or disability, Uber riders will be able

The Income Tax Department has extended the last date to file income tax returns (ITRs) for assessees required to be audited. The Central Board of Direct Taxes (CBDT) - the apex policymaking body of the Income Tax Department - decided to extend the due date for filing of income tax returns and tax audit reports in such cases from September 30 to

The Reserve Bank of India (RBI) on Thursday increased the withdrawal limit for Mumbai-based Punjab and Maharashtra Co-Operative Bank (PMC Bank) account holders. In a statement, the central bank said PMC Bank customers can now withdraw Rs 10,000 from their

Sachin Bansal who exited Flipkart with about $1 billion in pocket, has invested Rs 740 crore ($104 million) into Bengaluru-headquartered Chaitanya Rural Intermediation Development Services Private Limited (CRIDS), a non-banking financial company (NBFC).

T

Delhi Police has opened a probe into the directors of Lakshmi Vilas Bank after a customer accused them of misappropriating funds, the bank said late on Thursday.

Financial services company Religare Finvest (RFL) has accused Lakshmi Vilas of misappropriating

The S-P BSE Sensex and NSE Nifty 50 indexes rebounded strongly after two days of losses led by gains in ICICI Bank, Reliance Industries, Larsen - Toubro, Mahindra - Mahindra and Kotak Mahindra Bank. Indian equity benchmarks rose in line with Asian peers as investors cheered US President Donald Trump hinting at a possible US-China trade

State-run IRCTC's initial public offering (IPO) will open on September 30 with a price band of Rs 315-320 per share to raise around Rs 645 crore. The issue comprised an offer for sale of 2,01,60,000 shares of Rs 10 face value, the company

Domestic stock markets swung between gains in losses on Friday morning amid weakness in Asian peers. The S-P BSE Sensex index recovered early losses to rebound as much as 292.58 points from an intraday low of 38,814.79 to top the 39,100 mark on the upside, before reversing direction as volatility set

Reliance Jio, the telecom company led by Mukesh Ambani, offers prepaid recharge plans with various data benefits. The telecom operator offers plans varying from Rs 19 to Rs 9,999 which are valid for a period of one day to 360 days. Apart from its regular offerings, Reliance Jio also gives

The Reserve Bank of India's (RBI) move to take charge of one of the country's top five co-operative banks on Tuesday brought worried depositors out in protest and sparked renewed concerns about the health of India's troubled banking sector.

Depositors of the Punjab

In a major victory for Hotel Leela Venture, the Securities Appellate Tribunal (SAT) on Thursday rejected ITC's appeal challenging the sale of the hotel's assets.

Cigarette-to-hospitality conglomerate ITC, which holds 7.92 per cent stake in Hotel

Indian Railway Catering and Tourism Corporation (IRCTC), which is the only entity authorized by Indian Railways to provide catering services to the Indian Railways, is planning to raise money via an initial public offer (IPO). IRCTC is planning to sell

Authorities are scrambling to suppress speculation about bank closures a day after the regulator imposed restrictions on a local lender, the latest indication of how jittery savers are amid a slowing economy and scandals in the financial system.

"Reports appearing in

Petrol and diesel prices were hiked on Thursday after a pause the previous day. With effect from 6 am on September 26, the price of petrol was Rs 74.19 per litre in Delhi and Rs 79.85 per litre in Mumbai, according to notifications from Indian

The rupee settled 3 paise lower against the dollar on Wednesday. The local currency opened lower at 71.10, then lost further and fell to an intraday low of 71.14 against the American currency. The domestic unit finally settled at 71.04,

Finance Minister Nirmala Sitharaman said on Thursday that private sector banks and non-banking financial companies (NBFCs) are not facing liquidity-related problems. "Sum and substance of what I heard was

India's economic growth showed little signs of a recovery from a six-year-low, with investment and consumption activity in August remaining fairly subdued.

The dial on a gauge measuring overall economic activity was stuck in the same position as the

Rebutting social media rumours swiftly, the Reserve Bank of India on Wednesday said no commercial banks are going to be shut. Finance secretary Rajeev Kumar discribed such social media messages as "mischievous" saying the government was in

The rupee settled 16 paise higher against the dollar on Thursday. The local currency opened on a strong note at 70.99 and shuttled between a high of 70.85 and a low of 71.01 during the day. The domestic currency finally settled at

The carry trade for the Indian rupee is getting boosted after a shock $20 billion tax cut by the government.

The corporate tax reduction announced on Friday has spurred $374 million of inflows into Indian stocks in three days, and supported the rupee.

Ford Motor Co and Mahindra - Mahindra are likely to sign a deal next week to form a joint venture in India, two sources told Reuters, in a move that will see the US carmaker end most of its independent operations in the country.

The

Two major unions in the banking sector have urged Finance Minister Nirmala Sitharaman to make Reserve Bank of India (RBI) accountable for the problems in Punjab - Maharashtra Co-operative (PMC) Bank.

The two unions are - All India Bank Employees'

Domestic stock markets moved sharply higher on Thursday amid mild gains in Asian peers. The S-P BSE Sensex index added as much as 564.55 points to 39,158.07 in morning, while the broader NSE Nifty benchmark climbed to as

Reliance Industries Chairman Mukesh Ambani has topped the "IIFL Wealth-Hurun India Rich List" for the eight consecutive year, with his wealth estimated at Rs 3,80,700 crore, a press release issued by China's Hurun Research Institute said. London-based SP Hinduja and family, worth Rs 1,86,500 crore, retained the second rank in the list. The founder

Budget airline operator SpiceJet has announced the launch of 46 new non-stop flights on its domestic network. The new flights will start in phases starting October 27, 2019, the airline said in a statement. Additionally, the carrier also announced the on-boarding of Rajkot as its 54th d

The S-P BSE Sensex and NSE Nifty 50 indexes witnessed sharp declines in trade today paced by losses in banking and financial services shares as investors booked profits a day ahead of expiry of futures and options contracts for the month of September. Indian