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The rupee closed higher by 27 paise against the dollar on Wednesday, rebounding from a nine-month low registered the previous day. The rupee opened at 72.20 and touched an intraday high of 71.96 against the American currency before settling at 72.12. Forex traders said the

Missed the August 31 deadline for filing income tax return (ITR) for financial year 2018-19 (assessment year 2019-20)? Well, you don't need to worry as you can still file a belated return. The Income Tax (I-T) department has, however, stipulated a penalty fee ranging

Creditors of bankrupt Jet Airways are likely to recover less than 10 per cent of the carrier's total outstanding dues in a liquidation scenario if no suitor succeeds in buying the airline, two sources told Reuters.

The airline's

India's longest growth slump since 2012 is heightening concern that it may be tough for policy makers to reverse the slowdown.

"Growth has now slipped below the long term trend of 6.6 per cent for two consecutive quarters, which implies that India is effectively in a quasi-recession," Teresa John, an economist at Nirmal Bang Equities Pvt. in

With the Reserve Bank of India (RBI) extending the deadline for mobile wallets to become fully Know Your Customer (KYC) compliant, people using PhonePe, Paytm, Amazon Pay or other such wallets will have no trouble doing their transactions as

The last day to file income tax returns (ITRs) for assessment year 2019-20 (financial year 2018-19) was August 31, 2019. According to the Income Tax Department, about 4.93 lakh income tax returns were filed on August 31, 2019. The taxman said that the total number of

India's shadow banks are getting increasingly squeezed by a crisis of confidence at home, forcing them to cough up more for funds overseas. And that's just for the lucky ones.

The non-bank financing companies have struggled to raise as much abroad this year, as defaults in the country's credit market spread after a shock failure by major shadow

The benchmark BSE Sensex and NSE Nifty 50 indices crashed today over panic sell-offs after government data on Friday showed that the country's economic growth fell to an over six-year low of 5 per cent. Weakening economic growth along

India is likely to miss its fiscal deficit target for the current financial year, despite receiving an additional dividend from the Reserve Bank of India (RBI), five government officials and advisers said, as tax collections have sunk amid a sharp

The government on Tuesday raised the price of sugarcane-extracted ethanol used for blending in petrol by up to Rs 1.84 per litre as it looked to cut oil import bill by $1 billion annually through its greater use in auto fuels. State-owned oil marketing companies will

The Cabinet on Tuesday approved a capital infusion plan worth Rs 9,300 crore for IDBI Bank. The Cabinet cleared the IDBI Bank recapitalisation plan with a one-time infusion of funds by the government and Life Insurance

Professional network LinkedIn has ranked hospitality company OYO Hotels and Homes as the top startup in India. In the second edition of its "Top Startups List for India" released on Wednesday, LinkedIn said OYO retained its pole position "by ex

A task force set up by the central bank on Tuesday recommended a slew of measures for developing a secondary market for corporate loans, including easing of regulations to allow foreign portfolio investors (FPIs) to directly purchase

South Korea's highest court stunned the nation when it ordered billionaire Samsung heir Jay Y Lee to face trial once more for corruption. And it all came down to three horses.

The Supreme Court on Thursday ordered the retrial of the Samsung Electronics vice chairman over bribery

The S-P BSE Sensex and NSE Nifty 50 indices rebounded after falling the most since July 8 in the previous session led by a rally in banking, metal and financial services shares. The Sensex rose as much as 367 points from day's lowest level and the Nifty 50 Index moved above its

A court on Tuesday rejected a request from Anheuser-Busch to stay a three-year sales ban imposed by the Delhi government, dealing another setback for the world's largest brewer in one of the country's key markets.

Authorities in Delhi barred AB

Noting the gloomy start to the current fiscal year with a dismal 5 per cent growth in the first quarter, broking house Kotak Equities on Tuesday also cut down India's 2019-20 GDP growth estimate to 5.8 per cent and said it sees the RBI cutting its

Western Railway and Central Railway units of Indian Railways have mentioned a list of trains (on their official twitter handle) that are terminated/rescheduled/cancelled due to heavy rainfall in Mumbai and surrounding areas. Heavy overnight rain caused

After a slew of reform measures announced in the past fortnight, the central government is likely to come up with major announcements to boost the real estate industry this week.

According to official sources, the package for real estate industry

The Supreme Court on Tuesday sought response from the NBCC on whether it is willing to give a revised proposal to complete the stalled projects of Jaypee group. A bench of justices A M Khanwilkar and Dinesh Maheshwari issued notice to the National Buildings Construction

The ongoing US-China trade war is headed for further escalation, global ratings firm Moody's said on Wednesday.

"Of the three plausible scenarios for US-China trade tensions, the risk of a 'hardened stance' scenario has increased," Moody's

The rupee on Tuesday plummeted by 97 paise or 1.35 per cent against the US dollar. The local currency opened lower at 72.00 and slipped to an intraday low of 72.40 against the American currency before ending at 72.39. That marked

Auto stocks plunged on Tuesday on the back of negative monthly sales data from major companies. Shares in Maruti Suzuki, Tata Motors and Mahindra - Mahindra dropped as much as 1.98 per cent, 4.11 per cent and 2.99 per cent respectively. On

The rupee rose by as much as 21 paise against the US dollar on Wednesday. The rupee opened higher at 72.20 against the greenback, and climbed to as high as 72.18 at one point by morning deals. At 9:16 am, the rupee traded at 72.27 against the greenback.  The dollar index against a basket of six major currencies stood at 98.938 after rising

The banking system's gross non-performing assets (NPAs) may come down a notch to Rs 9.1 lakh crore by the end of current fiscal (March 31, 2020), from Rs 9.4 lakh crore as on March 31, 2019, said a joint study.

"There is significant potential opportunity

Oil - Natural Gas Corporation or ONGC shares fell over 3 per cent on Tuesday after a fire broke out at its oil and gas processing plant near Navi Mumbai. The blaze erupted around 7 am in the gas processing plant of the ONGC located in Uran area of neighbouring Navi Mumbai,

An almost 7 per cent growth in country's electricity demand at a time when economic expansion has cooled to its weakest in six years may appear as a paradox at first glance. Clarity emerges with a closer look.

Power requirement growth in the nation's most industrialized states

Prices of 24 karat gold rose by Rs 538 to Rs 38,987 per 10 grams in the national capital on Tuesday, mainly on the back of recovery in global rates, according to HDFC Securities. Silver prices too witnessed similar trends. The rate of silver zoomed by Rs 1,080 to Rs 47,960 per

The rupee tumbled by 67 paise to 72.09 against the US currency in early trade on Tuesday, tracking weak opening in domestic equities amid strong dollar demand from banks and importers. Forex traders said the US tariffs on imports from China took effect on Sunday and were followed later