Business

In order to attract higher foreign direct investment (FDI) and to improve ease of doing business in the country, Union Cabinet headed by Prime Minister Narendra Modi, on Wednesday eased FDI norms for coal mining, digital media, contract manufacturing and single brand

Rising input costs and inability to pass on higher costs to customers are pressuring the profitability of Asian steel producers, Moody's Investors Service said on Wednesday while revising its outlook for the sector to "negative".

"We

The rupee climbed by 54 paise against the US dollar to settle at 71.48 on Tuesday, recovering from a more than nine-month closing low registered in the previous session. With today's jump, the rupee posted its biggest

The rupee on Wednesday fell 29 paise against the US dollar. The depreciation in the home currency came on fears of an impending global recession which prompted investors to stick to safe-haven assets like the Japanese yen and

The S-P BSE Sensex and NSE Nifty 50 indexes extended losses led by declines in banking shares such as HDFC Bank, Kotak Mahindra Bank and ICICI Bank. Earlier in the day, the benchmarks fluctuated between gains and losses and switched direction at least six times before turning negative. In afternoon trading, Sensex fell as much as 392 points

Tackling criticism of the Reserve Bank of India's decision to transfer a record Rs 1.76 lakh crore from its surplus and reserves to the government, Finance Minister Nirmala Sitharaman today described as "outlandish" any questions raised on the credibility of the committee

Employees' Provident Fund or EPF is a mandatory contribution that every company, which has more than 20 employees, is required to deduct from the salary of its employees. In an EPF account, the employee contributes 12 per cent of his or her salary towards the account, and an equal amount is

IndiGo is offering flight tickets at a starting all-inclusive price of Rs 1,298 in a limited-period sale. Under the sale, the private airline is offering domestic and international flight tickets starting from Rs 1,298 and Rs 3,999, respectively. B

State Bank of India (SBI) group chief economic adviser Soumya Kanti Ghosh has said that the Reserve Bank of India's payout of Rs 1.76 lakh crore "will hold the economy in good shape", and will help the government maintain its fiscal deficit goal with no additional borrowings. Comments from the top SBI official come a day after the RBI's Central

Noting that 'band-aid' measures would not help the economy as it faces several cyclical and structural issues, Fitch group firm India Ratings and Research has lowered its GDP growth forecast to six-year low at 6.7 per cent in the current fiscal as

Domestic stock markets started Wednesday's session on a lacklustre note, after three consecutive days of gains in which the benchmark indexes rose more than 3 per cent, amid cautious trade in Asian peers. The S-P BSE Sensex index

SpiceJet is offering flight tickets from a starting all-inclusive price of Rs. 1,299 in a limited-period sale. In its sale, which is open till August 30, the airline is offering domestic and international tickets starting from Rs. 1,299 and Rs. 3,999,

Resuming its record run, gold prices hit an all-time high of Rs 39,970 per 10 grams in Delhi on Wednesday. The prices of yellow metal jumped Rs 300 on higher demand from jewellers. Gold's appeal as a safe-haven asset also added to bullish

There are seven ITR forms available to file returns- ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6 and ITR-7.

The S-P BSE Sensex and NSE Nifty 50 indexes rose for third straight session a day after the Reserve Bank of India decided to payout Rs 1.76 lakh crore from its reserves and surplus to the central government. The payout comes at a time the government strives to tackle a nearly five-year low economic growth with lakhs of estimated job cuts

A periodic service is extremely essential in ensuring a long life for your car and does go a long way in keeping your vehicle reliable and niggle-free. While modern-day vehicles are more reliable than ever, they still need a fair share of inspection from time to time. The best way to watch out for impending problems or failing parts is to inspect

The Reserve Bank of India's record Rs 1.76 lakh crore ($24.4 billion) payout to the government will give authorities more fiscal options, including possibly reducing its borrowing or boosting spending to spur economic growth.

The RBI's board approved the

IT (information technology) major Infosys has completed the buyback offer plan which began in March, the company said in a statement. The IT firm has bought back over 11.05 crore of its equity shares at an average price of Rs 747 for Rs 8,260

CARE Ratings has downgraded credit rating on Coffee Day Global's long-term bank facilities to "BBB" from "A" and continued on credit watch with negative implications.

The rating agency said that the demise of VG Siddhartha, founder of Coffee Day

A day after the Central Board of Reserve Bank of India decided to payout Rs 1.76 lakh crore from its reserve and surplus to the government of India, Finance Minister Nirmala Sitharaman on Tuesday said that the government has not yet decided on how the funds from

The S-P BSE Sensex and NSE Nifty 50 indexes came off intraday highs in noon deals weighed down by weakness in information technology stocks like Infosys, Tata Consultancy Services and Tech Mahindra after rupee gained against the dollar. The Sensex which rose as much as 237 points and Nifty which moved above 11,100 erased most of their intraday

Moody's Investors Service on Wednesday downgraded Yes Bank's long-term foreign-currency issuer rating to "Ba3" from "Ba1". Moody's has also downgraded the bank's long-term foreign and local currency bank deposit ratings to "Ba3" from "Ba1",

The rupee's resilience in the face of economic headwinds has come to an end, with the currency losing its year-to-date gains in the space of just one month.

The country's massive domestic market is now dragging on the rupee as growth at home slows, foreigners pull cash from local equities and the currency increasingly tracks moves in the yuan as

Indian bonds edged up to their highest in three weeks while the rupee rose after the Reserve Bank of India (RBI) approved the transfer of a much higher-than-expected dividend to the government, soothing concerns of fiscal slippage.

Finance Minister Nirmala Sitharaman proposed on Friday a series of measures to help the economy and financial

The S-P BSE Sensex and NSE Nifty 50 indexes snapped their three-day winning streak led by declines in banking, auto and metal shares. The benchmarks opened on a flat note and switched direction at least six times before falling in to the negative

Amid signs of truce between its warring promoters, InterGlobe Aviation, which runs private airline IndiGo, on Tuesday told shareholders in the annual general meeting (AGM) that all the related party transactions (RPTs) are at an arm's length.

The

The Indian economy likely expanded at its slowest pace in more than five years in the April-June quarter, driven by weak investment growth and sluggish demand, according to economists polled by news agency Reuters.

That would reinforce

Private sector lending major ICICI Bank has become the first in the country to deploy industrial "Robotic Arms" to count millions of currency notes at its currency chests across the country, a top official said here on Wednesday.

These Robotic Arms are currently functioning at Mumbai, and Sangli (Maharashtra), New Delhi, Bengaluru and

After a number of measures announced by Finance Minister Nirmala Sitharaman last week to deal with the economic slowdown and then RBI surplus' transfer on Monday, the government will announce a relief package for the real estate sector, under which a stress fund could be set up to help complete unfinished projects.

The announcement is

Maruti Suzuki Chairman R.C. Bhargava said on Tuesday the company had not renewed the contracts of 3,000 temporary employees, as the automaker battled rising inventory amid a slowdown in demand.

Safety norms and higher taxes have "added substantially" to the