Business

The country's largest airline by passenger traffic - IndiGo - has announced the launch of second direct flights on the Hyderabad-Doha route, starting from September 16, 2019, at an introductory all-inclusive price of Rs 9,246. The airline will operate

The debt-laden shadow bank Dewan Housing Finance Corp Ltd (DHFL) on Thursday said it may not be able to fulfill its debt obligations due in the near future.

This comes days after the company said its creditors would not have to take any haircut on principal payments under its resolution plan.

DHFL, the fourth-biggest housing finance

UltraTech Cement's standalone net profit more than doubled in April-June period to Rs 1,199 crore versus Rs 598 crore during the same period last year, the Mumbai-based cement maker said in an exchange filing.

The Aditya Birla Group company's revenue rose 15 per cent to Rs 9,795 crore compared with Rs 7,732 crore in the year ago period, according

The rupee rose as much as 25 paise - or 0.35 per cent - against the dollar on Friday. Analysts say gains in domestic equities amid reports of a meeting between foreign investors and finance ministry officials regarding higher tax

The government is likely to exempt foreign portfolio investors (FPIs) from an increase in taxes in this year's Budget approved by Parliament, two government officials told Reuters, in comments that prompted a rally in stock markets.

Finance Minister Nirmala

UltraTech Cement shares jumped more than 3 per cent on Friday, a day after the company said its standalone net profit in the April-June period more than doubled compared to the corresponding period a year ago. During market hours on Thursday, the

The Income Tax (I-T) department has launched a service to verify income tax return online without logging in to the income tax's e-filing portal. The service can be accessed by clicking 'e-verify return' button on Income tax e-filing website (i

The Monetary Policy Committee, led by Reserve Bank of India Governor Shaktikanta Das, will today release its third bi-monthly statement of the current financial year. The central bank is widely expected to announce further easing of monetary policy, after three cuts of 25 basis points each in the repo rate

Extending gains to a second straight session, domestic stock markets started Friday's session on a higher note tracking advances in Asian peers. The S-P BSE Sensex index rose as much as 284.51 points in early trade to

Gold rose for second straight day and rose above Rs 38,000-mark for the first time. Gold price jumped by Rs 550 on Thursday, news agency Press Trust of India reported. Gold prices gained as investors continued to buy the yellow

Domestic stock markets started Wednesday's session on a choppy note as caution prevailed ahead of the outcome of a three-day policy review meeting of the central bank which concludes later in the day. The S-P BSE Sensex index fell as much as 91.37 points to 36,885.48 in early trade, and the broader NSE Nifty benchmark moved to 10,913.40, down

The Reserve Bank of India (RBI) will cut interest rates again at its October meeting, making it the fifth in a row, according to economists in a Reuters poll who said the central bank's decision to ease by 35 basis points on Wednesday was right. While a survey taken

The government is likely to exempt foreign portfolio investors from an increase in taxes that was part of the Budget approved by Parliament but heavily criticised, news agency Reuters quoted a government

The rupee will recoup this year's losses against the dollar over the coming 12 months, according to market strategists polled by news agency Reuters, who said the issuance of sovereign bonds in foreign currencies may help prop it up.

Rising political risk after the government revoked the special status of Kashmir knocked the rupee on

SBI or State Bank of India, the country largest lender, will reduce interest rate on home loans starting August 10, 2019. The bank said its marginal cost of funds-based lending rates (MCLR) will be slashed by 15 basis points or 0.15 percentage point across all t

Public Provident Fund (PPF) scheme, a retirement planning-focused instrument, is offered by various institutions including India Post and commercial lenders such as State Bank of India (SBI). The PPF scheme enjoys an "exempt, exempt, exempt" (EEE) status. This means that the returns,

The country's largest private lender HDFC Bank has cut its marginal cost of funds-based lending rates, or MCLR, by 0.10 per cent across all tenors, effective August 7, according to a source.

The bank's revised MCLR for one-year tenor loans will now be 8.60 per cent.

In

Coffee Day Enterprises on Thursday appointed Ernst - Young LLP to investigate into the circumstances leading to statements made in the letter by its late Chairman VG Siddhartha. EY would also scrutinise the books of the company and its subsidiaries, Coffee Day Enterprises said in a statement.

"The Board of Directors in the meeting held

The S-P BSE Sensex and NSE Nifty 50 indexes surged in the last hour of trade on Thursday, after a report by news agency Reuters cited an official as saying that the government is likely to exempt foreign portfolio investors from higher taxes. The Sensex surged as much as 750 points from the day's lowest level in the last hour of trade and the

Global oil major BP is deepening its ties with conglomerate Reliance Industries by forging a fuel retailing joint venture to capitalise on rising demand in Asia's third-biggest economy.

The move comes days after BP said it would build a

The slowdown-hit economy may soon get a booster dose from the government with the Finance Ministry working on a stimulus package for the industry including a slew of financial measures ranging from tax cuts, subsidies and other incentives, sources said.

Official sources said the package would not only aim to reduce the cost for the

Domestic shares surged on Thursday after news agency Reuters reported citing an official that the government is likely to roll back its recently imposed higher tax on foreign portfolio investors (FPIs). The S-P BSE Sensex index rose as much as 570.07 points to touch 37,260.57 at the day's strongest level, and the broader NSE Nifty benchmark

EPF or Employees' Provident Fund requires a mandatory contribution from the salary of an individual. It is mandatory for organisations with more than 20 employees to make the contributions. EPFO or Employees' Provident Fund Organisation is the nodal agency to

The rupee snapped its five-day losing streak against the dollar on Thursday and ended 20 paise higher against the US dollar. The rupee ended at 70.69 against the dollar tracking gains in domestic equity markets which surged

Shares of Tata Steel fell over 5 per cent on Thursday, a day after the steel major announced its quarterly results for the first quarter of current financial year. Tata Steel reported a net profit of Rs 693.09 crore for the April-June period, which marked a decline of 64.29 per cent. Tata Steel's shares opened lower at Rs 379 and fell 5.73 per

Falling for the fourth straight day, rupee edged lower by 8 paise and closed at 70.81 against the US dollar on Tuesday, news agency Press Trust of India (PTI) reported. The sentiment was hit by heavy capital outflows by investors anxious over the US-China trade tensions and a

Jamna Auto Industries Ltd, a maker of springs used in vehicle suspensions, said on Thursday it might shut all its plants in August due to weak demand from its customers, underscoring the extent of a slowdown in the auto sector.

The company, one of India's largest makers of

HCL Technologies shares jumped over 5 per cent on Thursday, a day after the IT major reported a net profit of Rs 2,230 crore in the April-June period. That meant a decline of 12.55 per cent from the company's net profit in the previous quarter. In a regulatory filing after market hours on Wednesday, the IT company said its revenue from operations

Authorities in New Delhi have rejected a plea by Anheuser-Busch InBev to temporarily lift a 3-year ban while it hears the global brewer's appeal, a senior government source told Reuters.

AB InBev, the world's largest brewer, has been