Business

Mukesh Ambani-led Reliance Industries Ltd (RIL)'s consolidated earnings would be lower by 9 per cent while operating cash flow would fall 14 per cent in FY21 following 20 per cent stake sale in its oil-to-chemical (OTC) business to Saudi Aramco, as

Axis Bank on Monday announced a reduction in its benchmark lending rates across all tenors. The private lender has reduced its MCLR or marginal cost of funds-based lending rates by up to 10 basis points or 0.10 percentage point. MCLR is the benchmark rate through which banks lend money to home

US President Donald Trump said on Sunday that he had spoken with Apple Inc's chief executive, Tim Cook, about the impact of US tariffs on Chinese imports as well as competition from South Korean company Samsung Electronics. Mr Trump said Mr Cook "made a good case" that tariffs could hurt Apple, given that Samsung's products would not be subject to

Finance Minister Nirmala Sitharaman on Monday said corporate tax rate for companies with over Rs 400 crore turnover will be gradually cut to 25 per cent and the government will support wealth creators. In her maiden Budget last month, she had cut corporate tax for companies with annual turnover of up to Rs 400 crore to 25 per cent from

The S-P BSE Sensex and NSE Nifty 50 Indexes rose for a third session in a row led by gains in Reliance Industries, ICICI Bank, Larsen - Toubro, HDFC and Axis Bank. However the gains were capped as HDFC Bank, State Bank of India, ITC and Power Grid came under selling pressure. The benchmarks opened on a positive note with the Sensex rising

India Post Payments Bank or IPPB offers two types of savings accounts at present - regular and basic. Deposits in these accounts fetch an interest at the rate of 4 per cent per annum, which is paid quarterly, according to India Post Payments Bank's portal, ippbonline.com.

India's jobs scene -- with unemployment at a 45-year high -- is looking gloomy with hiring activity slowing across most sectors.

Banks, insurers, auto makers and logistics and infrastructure companies are among those hiring at a slower pace, according to

The Reserve Bank of India (RBI) is looking to get banks to link some new loans to its key policy rate or other external benchmarks, Governor Shaktikanta Das said on Monday, as he pushes them to cut rates faster to stimulate a flagging economy.

Since February, the RBI

State Bank of India (SBI) Chairman Rajnish Kumar on Sunday said credit demand remains subdued and there is a need for stimulus in the economy. Though lack of credit demand exists in the economy, there is no supply-side constraint as the public sector banks are more or less well-capitalised, he said. "Demand for credit in the economy is

Telecom operator Vodafone Idea Ltd on Monday named Ravinder Takkar as its managing director and chief executive, replacing Balesh Sharma.

Mr Sharma resigned for personal reasons, Vodafone Idea said, adding that he would take up a new role with the parent company, Vodafone Group Plc.

Mr Takkar has been appointed for three years effective August 19,

The S-P BSE Sensex and NSE Nifty 50 Indexes came off intraday highs as auto, oil - gas and metal shares came under selling pressure. The benchmarks opened on a positive note with the Sensex rising as much as 369 points and the Nifty 50 Index hitting an intraday high of 11,147. Weakness in heavyweights like HDFC Bank, State Bank of India,

An expected stimulus package, along with attractive valuations are likely to swing the domestic equity indices' upwards during this week.

However, any rise in the US-China trade tensions, coupled with a slowing global growth scenario and earnings

The rupee fell by 29 paise to close at an over six-month low against the US dollar on Monday, news agency Press Trust of India (PTI) reported. The fall came on the back of growing worries over economic slump and sustained foreign

Indicating a softer approach on rate cuts in the wake of economic slowdown, Reserve Bank of India Governor Shaktikanta Das said on Monday that growth is the top priority at a time when the country's banking system is facing many

Despite the lack of demand in the global markets owing to worldwide slowdown in economic activity, natural resource research firm Goehring - Rozencwajg (G-R) says that it expects oil prices to rise.

Typically, oil prices fall if there is a persistent lack of demand. Currently,

Ujjivan Small Finance Bank Limited has proposed an initial public offer (IPO) worth Rs 1,200 crore, its promoter Ujjivan Financial Services Limited said on Friday. Ujjivan Small Finance Bank's public offer comprises a

Uber appointed a new boss for Britain and Ireland on Monday just over a month before its licence expires in London, one of its most important global markets where the regulator has previously stripped it of its right to operate.

Transport for London (TfL) rejected the Silicon Valley company's licence renewal request in 2017 due to failings

A basic savings bank deposit account (BSBD) is a financial inclusion-focused zero balance savings account which, among other features, does not restrict customers to maintain any particular minimum balance each month. In other words, such an account can be operated with nil or zero balance. State-owned lender State Bank of India (SBI) and its

Gold prices on Monday fell by by Rs 100 to Rs 38,570 per 10 grams in Delhi, news agency Press Trust of India (PTI) reported. The yellow metal fell on weak trend overseas and tepid demand from jewellers, according to the All India Sarafa

The S-P BSE Sensex and NSE Nifty 50 Indexes (share markets) were trading higher mirroring gains in other Asian markets after a move by China's central bank to change the way a key interest rate benchmark is set, seen by analysts as reducing borrowing costs for

Faced with a massive sales downturn, India's automobile industry is betting big on a scrappage policy to revive demand for the already dented sector.

Accordingly, automobile industry's representatives have sought an 'End of Life'

The Australia and New Zealand Banking Group (ANZ) slashed its forecast for India's economic growth to 6.2 per cent in the financial year ending next March from a previous estimate of 6.5 per cent, warning it would be tough for authorities to engineer a turnaround.

The bank's estimate of gross domestic product (GDP) growth is now well

Shares of Dilip Shanghvi-led Sun Pharma rose as much as 4.69 per cent to hit an intraday high of Rs 434.20 on the BSE after it informed exchanges, after market hours, on Friday that it has signed a licensing agreement with China Medical System Holdings

The Finance Ministry is holding back-to-back discussions with the Prime Minister's office and the Reserve Bank of India to come out with a sectoral policy package at the earliest but sources rule out any fiscal stimulus having direct revenue implications.

There will be relief to the sectors in stress through policy interventions like for

A government-appointed task force headed by Central Board of Direct Taxes (CBDT) Member Akhilesh Ranjan on Monday submitted its report on the new Direct Tax Code, which seeks to replace the existing Income Tax Act. The details of the

Domestic stock markets started Monday's session on a higher note amid gains in Asian peers. The S-P BSE Sensex index rose as much as 313.54 points to touch 37,663.87 in early trade, and the broader NSE

Post office offers a host of saving schemes with different rates of interest. Two of the various savings schemes, post office offers are Sukanya Samriddhi Account and Senior Citizens Savings Scheme (SCSS). The senior citizen scheme is for people above the age

In Chennai, two auto component majors from the TVS group - Lucas TVS and Sundaram Clayton - have become the latest victims of the auto sector slowdown.

On Thursday, auto electrical major Lucas TVS announced three non-working days till August 17 across all divisions in

Indian equity benchmarks are set to open on a flat note as indicated by the Nifty futures traded on the Singapore Exchange. The Singapore Nifty futures contract, also known as the SGX Nifty, was last seen trading 9 points higher at 11,063. Meanwhile, Asian stocks rose on Monday as hopes of more stimulus from central banks around the world, and

The Coffee Day group on Saturday said its total outstanding debt was Rs 4,970 crore, including Rs 4,796 crore secured loans and Rs 174 crore in unsecured loans.

"The management has decided to clarify its debt position, the expected reduction and post conclusion of the ongoing