Business

Domestic equities along with the rupee which have lately faced headwinds of massive foreign fund outflows along with disappointing quarterly earning results will get a boost via central government's policy measures to prop up growth along

Finance Minister Nirmala Sitharaman said on Friday that in order to boost the auto sector, the government has decided to allow its departments to replace their old vehicles with new ones. While announcing a host of measures to revive the economy, dealing with a nearly five-year low GDP growth rate and lakhs of estimated job cuts in the auto

Air India owes three state-owned oil firms close to Rs 4,500 crore in unpaid fuel bills with payments being delayed by almost seven months, forcing retailers to snap supplies, senior officials said on Friday.

Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan

Prime Minister Narendra Modi on Saturday launched the RuPay card here, making the UAE the first country in the Middle East to launch the Indian indigenous system of electronic payment. RuPay card scheme was launched in 2012 to fulfil the Reserve Bank of India''s vision to have a domestic, open and multilateral system of payments. RuPay

Amid a worsening economic slowdown, US rating agency Moody's on Friday lowered India's GDP growth forecast for the 2019 calendar year to 6.2 per cent, from its earlier estimate of 6.8 per cent, and also revised downwards its growth forecast for

Finance Minister Nirmala Sitharaman on Friday asked the country's fair trade regulator to take action against global companies having no local presence but abusing their dominant position against the interests of consumers.

Last month,

Soon after Finance Minister Nirmala Sitharaman announced to roll back higher surcharge on foreign and domestic portfolio investors, the Income Tax (I-T) department on Saturday clarified that the tax payable at normal rate on the business income from the transfer of derivatives to a person other than Foreign Portfolio Investments (FPIs)

Rising for fourth consecutive day, gold prices rose by Rs 25 on Friday to hit a record high of Rs 38,995 per 10 gram in the national capital, reported news agency Press Trust of India (PTI). Gold prices have been hitting a fresh high every

Domestic stock markets recovered early losses to register sharp gains on Friday afternoon, rebounding from near six-month lows, as buying emerged in metal and energy stocks while IT stocks strengthened

Employees' Provident Fund or EPF is a government-run pension scheme focused on salaried individuals. Currently, investment in EPF fetches interest at the rate of 8.65 per cent. In EPF, a mandatory contribution is deducted from the salary of an employee and

Government intervention in the private sector creates a moral hazard, country's chief economic adviser warned, a statement that could temper expectations of a stimulus for cash-strapped businesses.

Speaking on Thursday, Krishnamurthy Subramanian said India has been a market economy since

Arun Jaitley, the former finance minister and one of Prime Minister Narendra Modi's closest associates, died in hospital on Saturday, nearly two weeks after he was admitted following breathing difficulties, officials said.

Mr Jaitley, 66, a senior leader of the

After a flap over his comment that the government has not faced such a liquidity situation in 70 years, NITI Aayog Vice Chairman Rajiv Kumar tweeted today that the government "has been taking bold steps" to accelerate the economy and "there is no need to panic or spread panic".

Rajiv Kumar's clarification came just after Congress leader Rahul

Infosys co-founder NR Narayana Murthy said on Thursday that the Indian economy is growing at 6-7 per cent this year and "investor confidence is at a historic high", news agency ANI reported. "India has become the software development centre of

Only seven days are left to file income tax returns (ITR) for assessment year 2019-20 (financial year 2018-19). It is mandatory for individuals who earn a specified amount of annual income to file ITR within a pre-determined due date. Filing the

IndiGo, the country's largest airline by market share, has announced new international flights. The carrier will start daily non-stop flights on the Delhi-Singapore route at a starting all-inclusive fare of Rs 9,999 from September 12, it said in an official

The rupee on Friday declined below the 72 mark against the US currency in opening session due to continued foreign fund outflows and losses in the equity markets.

The rupee fell by 22 paise to trade at a nine-month low of 72.03 against the US dollar in early session.

The rupee traded in a range of 71.93 to 72.05 against the US dollar.

A

IndiGo, the country's largest airline by market share, has announced new international flights. The carrier will start daily non-stop flights on the Delhi-Chengdu (China) route at a starting all-inclusive fare of Rs 8,399 from September 15, it said in an official statement. These new flights are

The S-P BSE Sensex and NSE Nifty 50 Indexes snapped their three-day losing streak ahead of Finance Minister Nirmala Sitharaman's press briefing due later in the day. Analysts said expectations from Finance Ministry to announce policy measures to revive economy

Extending their losing streak for a fourth day running, domestic stock markets started Friday's session on a negative note amid a selloff across most sectors and lacklustre trade in Asian peers. The S-P BSE Sensex plunged as much as 370.58 points to 36,102.35 in early trade, a level last seen on March

Finance Minister Nirmala Sitharaman on Friday announced a slew of measures, including the rollback of big ticket budget announcements, to revive the economy, which clocked its lowest rate of growth in nearly five

Finance Minister Nirmala Sitharaman will hold a press briefing on Friday evening, a government spokesman said, amid expectations that the government would announce steps to revive economic growth.

Several businessmen say the Prime Minister

Describing the current economic downturn as an "unprecedented situation", Niti Aayog Vice Chairman Rajiv Kumar said, "From last 70 years (we) have not faced this sort of liquidity situation where the entire financial sector is in churn," news

The government announced measures on Friday to revive economic growth and markets including the withdrawal of higher taxes for foreign portfolio investors (FPIs) and said it would release funds for bank recapitalisation upfront. Finance Minister Nirmala Sitharaman told reporters the government had decided to withdraw the surcharge on FPIs which

Shapoorji Pallonji Group is looking to sell its solar power plants and road assets to reduce debt by as much as Rs 4,000 crore ($558 million), a person with direct knowledge of the matter said.

The 154-year-old group, controlled by the reclusive billionaire Pallonji Mistry and his family, expects the

State-owned oil marketing companies (OMCs) on Thursday evening stopped fuel supply to national carrier Air India at six airports, following non-payment of dues.

The OMCs, led by Indian Oil, have stopped jet fuel supply at the Ranchi, Mohali, Patna,

Finance Minister Nirmala Sitharaman on Friday announced the government's decision to scrap the higher tax surcharge on foreign portfolio investors (FPIs). An increase in the effective surcharge on the super rich implemented as part of the Finance Bill 2019 also applied to foreign portfolio investors (FPIs), mainly registered as trusts. The higher

Government may soon roll back an additional levy on foreign funds and announce other measures to boost economic growth, a government official said in comments that helped the stock and currency markets reverse losses.

Prime Minister Narendra Modi's administration is

The rupee on Thursday plunged by 26 paise and closed at an over eight-month low. The rupee opened weaker at 71.65 a dollar and touched an intraday low of 71.97 before closing at 71.81 against the American currency, news agency Press Trust of India (PTI)