Business

Do you need to update the basic details fed into the Aadhaar database? You can request an update by submitting relevant supporting documents at the Aadhaar Kendras (Aadhaar centres). The UIDAI or Unique Identification Authority of India - the

Current weather conditions indicate that monsoon is unlikely to start receding before early October, more than a month later than usual, the head of the weather office said on Friday.

Annual monsoon rains are crucial for farm-dependent economy. The monsoon generally begins in June and starts to retreat by September 1, but rains have

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 prices of petrol and diesel were kept unchanged at existing levels in metros on Saturday. Oil marketing companies such as state-run Indian Oil Corporation (IOC) currently review the domestic fuel rates on a daily basis, and implement

Finance Minister Nirmala Sitharaman said on Friday that capital expenditure is on track and the government will ensure that there are no outstanding payments. Addressing the media after a meeting with secretaries and financial advisors of ministries, the

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

Domestic stock markets clocked sharp gains this week, continuing their upmove after the government's move to lower corporate taxes triggered the biggest single-day surge in more than a decade. Benchmark stock indices rose more than 2 per cent in the

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 government on Saturday set October 15 as the deadline for central public sector undertakings (PSUs) to clear overdue payments to vendors and contractors as it looks to lift economic growth from a six-year low by boosting expenditure. Finance

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

Lakshmi Vilas Bank said on Saturday that the Reserve Bank of India (RBI) has initiated prompt corrective action proceedings against it. The move by the Reserve Bank of India is aimed at improving Lakshmi Vikas Bank's performance and "will not have

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

The Reserve Bank of India (RBI) has initiated prompt corrective action (PCA) proceedings against the troubled Lakshmi Vilas Bank, a day after the private lender said that the Economic Offences Wing of Delhi Police is probing allegations of

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 Competition Commission of India (CCI) said on Friday it approved Saudi Aramco's acquisition of a 70 per cent stake in Saudi Basic Industries Corporation (SABIC).

An approval from the country's antitrust body is required as SABIC has subsidiaries operating in India, while Aramco Overseas Co, a unit of Saudi Aramco, also has an office in India.

In

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

Maruti Suzuki on Friday announced a reduction of Rs 1 lakh in the price of its compact-segment model Maruti Suzuki Baleno RS. The move by the country's largest carmaker comes two days after it lowered the prices of select models by Rs 5,000 following a

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

Twitter co-founder and Angel investor Biz Stone on Friday said he would be investing in a Kochi-based start-up, Sieve.

Stone said this through a video conference while addressing Huddle Kerala 2019, a start-up meeting held here.

Founded by Sanjay Nediyara, a hearing-impaired entrepreneur, Sieve is a complete platform for

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

The government has compulsorily retired 15 more tax officers in the fourth tranche of its crackdown on errant officials accused of corruption and other malpractices.

The Central Board of Indirect Taxes and Customs (CBIC) -- the agency that oversees GST and import

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.