Business

National Stock Exchange (NSE) and the Singapore Exchange (SGX) have been given the go-ahead for their international financial centre in western India, they said in a joint statement on Tuesday.

The proposed NSE International Financial Service Centre (IFSC)-SGX Connect aims to bring together the trading of Nifty products in Gujarat International

The S-P BSE Sensex and NSE Nifty 50 indexes extended gains in last hour of trade defying a weak trend in global markets. The strength in the markets comes a day after Finance Minister Nirmala Sitharaman said the government will soon hold discussions with representatives of foreign portfolio investors, amid continuing overseas fund outflow from

Gold prices touched a new high of Rs. 36,970 per 10 grams in Delhi on Monday, reported news agency Press Trust of India (PTI). The gold rate went up by Rs. 800 per 10 grams on the back of strong global trend as trade tensions between the United States and

Indiabulls Housing Finance on Tuesday reported a net profit of Rs 801.53 crore for the April-June period, marking a fall of 24 per cent over the corresponding period a year ago. In a regulatory filing after market hours, New Delhi-based Indiabulls Housing Finance said its revenue from operations stood at Rs 3,346.16 crore in the quarter ended June

The wealthiest 500 people on Earth lost 2.1 per cent of their collective net worth on Monday as US stocks plunged in their biggest drop this year.

Twenty-one members of the Bloomberg Billionaires Index lost $1 billion or more as investors reacted to stepped-up tensions between the US and China. Amazon.com Inc. founder Jeff Bezos declined the most,

The government mandates that individuals who earn a specified amount of annual income must file income tax return (ITR) within a pre-determined due date. For the assessment year 2019-20 (financial year 2018-19), August 31, 2019 is the deadline for individuals to file income tax return. For filing of income tax return, the Income Tax (I-T)

After touching a record high on Monday, gold prices in India fell by Rs 163 to Rs 36,807 per 10 grams on Tuesday, news agency Press Trust of India (PTI) reported. The prices of yellow metal had touched an all-time high of Rs 36,970 per 10 grams yesterday. Easing demand from local

Domestic stock markets started Tuesday's session on a higher note amid buying in banking, auto and metal stocks. The S-P BSE Sensex index rose as much as 233.29 points to 36,933.13 in early trade, and the broader NSE Nifty benchmark moved to 10,938.65, up 76.05 points

Shares of state-run lenders fell on Monday after they were penalised by the RBI over non-compliance of number of violations. The Nifty PSU Bank index plummeted over 5 per cent in intraday trade. The sectoral index touched fell to 2,519.65, which also marked its 52-week low during the intraday trade. The losses on the 12-member bank index were led

HSBC has agreed to pay nearly 300 million euros to end a Belgian criminal investigation into allegations of massive fraud and money-laundering involving wealthy diamond traders, prosecutors said on Tuesday.

The allegations, which related to a Swiss subsidiary of the British banking giant and ran into hundreds of millions of euros, mainly involved

The United States and China traded blows in an unrestrained economic conflict Monday that sent stock markets plunging and threatened to inflict significant damage on a weakening global economy.

Late in the day, Treasury Secretary Steven Mnuchin

The S-P BSE Sensex and NSE Nifty 50 indexes along with rupee witnessed sharp declines in Monday's session mirroring losses in other Asian markets as an escalation of trade tensions between the United States and China spooked markets. The rupee depreciated past 70 per dollar mark after the yuan fell to its

The S-P BSE Sensex and NSE Nifty 50 Indexes rebounded from yesterday's sharp selloff and defied weak trend in global markets after Finance Minister Nirmala Sitharaman on Monday said government will soon hold discussions with representatives of foreign portfolio investors, amid continuing overseas fund outflow from the markets following the

Stock markets around the world fell hard and the Chinese yuan weakened to an 11-year low on Monday as fears of an escalation in the US-China trade war jolted financial markets.

China on Monday let the yuan tumble beyond the key 7-per-dollar level for the first time in more than a decade, in a sign Beijing might be willing to tolerate

British banking giant HSBC has said that CEO John Flint would step down, 18 months after he was appointed, paving the way for new leadership to meet the bank's challenges as the latest results show net profits rose 18.6 per cent year-on-year in the first semester of 2019.

The surprise announcement on Sunday night signalled a potential change in

The Department of Financial Services (DFS) will issue the norms for the one-time partial credit guarantee scheme for public sector banks (PSBs) to purchase high-rated pooled assets of financially sound non-banking finance companies (NBFCs), a senior official said on Tuesday.

"The guidelines are ready, we will issue them in 1 to 2 days'

India's gold imports in July plunged 55 per cent from a year ago to the lowest level in three years as a rally in local prices to a record high and a hike in import taxes curtailed demand, a government source said on Monday.

Lower purchases by the

Suzuki Motor Corp on Monday reported a 46.2 per cent fall in first-quarter operating profit, hurt by lower output at home as it improves its inspection systems, and falling demand in India, its biggest market.

Japan's fourth-largest automaker

Sterling and Wilson Solar Limited's three-day initial public offer (IPO) opened for subscription on Tuesday. Sterling and Wilson Solar, a Shapoorji Pallonji group company, plans to raise Rs 3,125 crore by selling 4-4.03 crore equity shares in the price band of Rs

The finance ministry on Monday said banks have agreed to take steps to review lending rates as they have not "commensurately" transmitted to borrowers benefits of reduction in the policy rate by the RBI. Since December 2018, monetary policy has been eased substantially by the Reserve Bank of India (RBI) with policy rates being cut by 75

Services activity bounced back in July and expanded at the fastest pace in a year after contracting the previous month, driven largely by strong growth in international demand, a private survey showed on Monday.

The IHS Markit Services Purchasing Managers' Index rose to a one year high of 53.8 in July, up from 49.6 in June and comfortably above the

India Inc has turned in its most disappointing quarterly numbers in at least three years and analysts warn hopes for any festive season cheer are likely to be dashed by a slowing economy.

More than 60 per cent of 125 firms that have reported so far, and are tracked by analysts, missed profit forecasts for the June quarter, the most since

The rupee nosedived 113 paise or 1.62 per cent against the US dollar and breached the 70-mark on Monday, news agency Press Trust of India (PTI) reported. The fall in rupee's value marked the biggest single-day drop in the last six years.

State Bank of India has invited bids for overseas oil and gas assets of Videocon Industries Ltd, a newspaper advertisement showed on Monday, as India seeks to recover billions of dollars in loans from the beleaguered private firm.

Consumer electronics firm Videocon Industries is one of the most indebted companies in India, with outstanding

A co-founder of India's biggest airline IndiGo, Rakesh Gangwal, said reports that a truce had been brokered between him and another co-founder Rahul Bhatia over disagreements on corporate governance were "false and misleading".

In a letter dated August 5, Mr Gangwal

The government on Monday said it will soon hold discussions with representatives of foreign portfolio investors, amid continuing overseas fund outflow from the markets following the decision to impose surcharge on certain class of such investors. Briefing reporters here, Finance Minister Nirmala Sitharaman also said "nothing more" has

Marutri Suzuki shares fell over 3 per cent on Monday after the country's largest carmaker cut the number of workers it employs on temporary contracts following a plunge in vehicle sales. The company said it employed 18,845 temporary workers on average during the six months ended June 30, down 6 per cent, or 1,181 people, from the same period last

Clocking some recovery from a five-month low registered the previous session, the rupee appreciated by as much as 26 paise against the US dollar on Tuesday. The rupee opened lower at 70.80 against the

State Bank of India or SBI customers holding regular savings accounts with the lender are required to maintain a monthly average balance (MAB) to the tune of Rs 1,000-3,000, according to bank's website- sbi.co.in. The monthly average balance, which is the average of end-of-day balances in the savings account in a month, varies depending on the

The S-P BSE Sensex and NSE Nifty 50 Indexes along with rupee nosedived in Monday's session after Asian shares slid to 6-1/2-month lows on Monday and the yuan slumped to a more than decade trough as a