Business

State Bank of India (SBI), the country's largest lender, has announced a slew of offers across different loan categories such as car loans, personal loans, education loans and home loans. The bank said it has waived

A global glut in natural gas is threatening to undermine a $4 billion investment by Reliance Industries Ltd. aimed at boosting profits at the world's largest oil refining complex.

The project made all the sense in the world when energy magnate Mu

The S-P BSE Sensex and NSE Nifty 50 Indexes snapped their three-day winning streak dragged by banking shares after the financial irregularities at CG Power and Industrial Solutions highlighted the stress faced by banking and NBFC companies over exposure to companies suffering corporate governance issues, analysts said. The Sensex dropped as

Extending their losses to a second straight day, the S-P BSE Sensex and NSE Nifty 50 indexes declined on Wednesday led by losses in HDFC, ITC, Larsen - Toubro, ICICI Bank and State Bank of India. The Sensex fell as much as 300 points and the Nifty 50 index slid below

A special court here on Tuesday denied bail to two former executives arrested in connection with the IL-FS financial irregularities case being probed by the Enforcement Directorate. Former joint MD of the company, Arun K Saha, and MD of

Dewan Housing Finance Corporation (DHFL) has said it defaulted on its financial repayment obligations worth Rs 1,571 crore with regard to the issuance of bonds and commercial papers.

The defaults are related to three cases with regard to interest payment on

Amazon.com Inc. today opened its largest campus building globally in Hyderabad as it prepares for a furious expansion and battle with nemesis Walmart Inc. in one of the world's fastest-growing retail markets.

The Seattle-headquartered company is

The government on Tuesday extended the process of temporary allocation of slots and bilateral foreign flying rights of defunct airline Jet Airways to other airlines till December, a senior official of the Ministry of Civil Aviation

Eyeing the upcoming festival season, State Bank of India (SBI), the country's largest lender, on Tuesday announced that it has waived off processing fees on car loans. “The bank is offering lowest interest rate starting from 8.70 per cent to customers o

ITC Ltd., Asia's largest cigarette maker by market value, is considering a bid to buy a stake in Coffee Day Enterprises Ltd. as it seeks to diversify away from tobacco products, according to people familiar with the matter.

The maker of Classic and Gold Flake

Southeast Asia's biggest bank DBS Group Holdings is preparing to enter the local credit card market in India in 2020, a senior company executive said on Tuesday.

The Singapore-based lender's move highlights its efforts to tap growth outside its home market to offset

The country's largest lender State Bank of India (SBI) is expecting to achieve a credit growth of 12 per cent to 14 per cent this fiscal year, its Chairman Rajnish Kumar said. The bank's credit growth was 14 per cent in the last fiscal year, he said. "Given the size of the

State Bank of India (SBI) is offering repo-linked home loans at interest rates starting from 8.05 per cent. The new rates SBI - which introduced the repo rate-linked home loans in July this year - will be applicable to all existing and new loans from

The rupee depreciated for second day in a row and fell 28 paise to close at a new six-month low against the US dollar. In the intraday trade rupee fell to a day's low of 71.80 before settling at 71.71 against the greenback, news agency Press Trust

The S-P BSE Sensex and NSE Nifty 50 Indexes continue to trade with a negative bias owing to weakness in banking and financial services shares after the financial irregularities at CG Power and Industrial Solutions again highlighted the stress faced by banking and NBFC sector, analysts said. The Sensex dropped as much as 182 points while the

China's biggest e-commerce company Alibaba Group Holding Ltd has delayed its up to $15 billion listing in Hong Kong amid growing political unrest in the Asian financial hub, two people with knowledge of the matter told Reuters.

Alibaba's Hong Kong-listing plans

Jewelers in India, the top consumer after China, are facing a bleak outlook as record high prices and fading demand threaten to drag annual gold sales to the lowest in three years.

With demand growing 9 per cent during the January-June period, jewelers were expecting

State Bank of India (SBI), the country's largest lender, on Tuesday announced a waiver of the processing fee applicable to car loans in the upcoming festival season, in a bid to boost car sales. The bank also said it is offering the lowest interest rate on car loans starting from 8.70 per cent, with no escalation in interest.

"The SBI has

Domestic stock markets recovered early losses on Wednesday amid buying in financial and automobile stocks. The S-P BSE Sensex index, which fell as much as 62.02 points in the first hour of trade to touch 37,265.99, jumped 169.08 points from that level. The broader NSE Nifty benchmark recovered 52 points from the day's weakest level to h

Veteran investor Mark Mobius gave a blanket endorsement to buying gold, saying accumulating bullion will reap long-term rewards as leading central banks loosen monetary policy and the rise of cryptocurrencies serves only to reinforce demand for

Domestic stock markets gave up early gains on Tuesday amid a selloff across sectors barring information technology stocks, despite gains in Asian peers. The S-P BSE Sensex index first rose as much as 109.06 points to 37,511.55, before shedding

Brent crude oil futures - the global benchmark for crude oil - rose above $60 a barrel for the first time in over a week on Wednesday after a data report showed a larger-than-expected drop in US crude inventories, but ongoing worries about a possible global recession capped gains. Brent crude had gained 32 cents, or 0.50 per cent, to

Reserve Bank of India Deputy Governor N.S. Vishwanathan on Tuesday advised lenders to ensure timely resolution of stressed assets under the new framework to extract the maximum value and asked them for deal only with "genuine" cases.

Addressing the annual industry event

Domestic stock markets started Tuesday's session on a higher note amid gains in Asian peers. The S-P BSE Sensex index rose as much as 108.73 points to 37,511.22 in early trade, and the broader NSE Nifty benchmark moved to 11,076.30, up 22.4 points from the previous close. Gains in information technology and automobile shares supported the

Eleven years ago, college students Sagar Daryani and Binod Homagai invested Rs 30,000 to start in Jadavpur a small venture -- selling an Indianised version of the Tibetan delight, momos.

With 274 kiosks, small and medium size outlets and big eating joints spread

Gold prices on Tuesday touched a new record high of Rs 38,770 per 10 grams in Delhi, news agency Press Trust of India (PTI) reported. Gold prices jumped by Rs 200 despite weak trend overseas as the precious metal gained in the domestic

The general economic slowdown, along with tight liquidity conditions, dragged overall retail sales of the Indian automobile sector in July down by 6 per cent on a year-on-year basis.

According to data furnished by the Federation of Automobile Dealers Associations (FADA),

Domestic stock markets opened on a flat note but soon gave in to the negative territory on Wednesday amid weakness in Asian peers. The S-P BSE Sensex index fell as much as 62.02 points in early trade to

Extending its decline for a second straight day, the rupee fell by as much as 34 paise - or 0.53 per cent - to 71.81 against the dollar on Tuesday. After opening lower against the greenback at 71.56, down 13 paise from the

India's non-banking financial firms and listed companies that issue debentures will no longer have to maintain a certain level of redemption reserves against them, the government said on Monday, in an effort to increase the availability of money