Business

Emerging market central banks accelerated interest rate cuts in June, with policymakers rushing to trim benchmarks as major central banks including the US Federal Reserve and the European Central Bank adopted a more dovish tone.

Interest rate moves by central banks across a group of 37 developing economies showed a net five rate cuts last

The S-P BSE Sensex and NSE Nifty 50 indexes were little changed in the opening deals as gains in IndusInd Bank, Larsen - Toubro, Infosys, Reliance Industries, ONGC and HDFC were offset by losses in Tata Consultancy Services, Hindustan Unilever, Kotak Mahindra Bank, Axis Bank, Yes Bank and Bajaj Finance.

As of 9:18 am, the Sensex was up 27

Oil marketing companies increased the prices of petrol and diesel on Monday, which marked a fifth straight day of hike in the fuel rates. With effect from 6 am on Monday, the price of petrol was at Rs. 70.44 per litre in Delhi, Rs. 72.67 per litre in Kolkata,

The S-P BSE Sensex and NSE Nifty 50 Indexes rose for second day in a row led by gains in energy, power and oil - gas shares. Earlier in the day, Sensex and Nifty opened on a flat note and fell in the late morning trades after shares like Yes Bank,

Major subsidies have touched 39 per cent of the budget estimate (BE) for 2019-20 at Rs 2,96,684 crore in April-May vis-a-vis 34 per cent of the BE in the same period previous fiscal year.

Total subsidies up to May 2019 was Rs 1,15,059.00 crore of

The government is considering giving more powers to the central bank to regulate the struggling shadow banking sector, Finance Minister Nirmala Sitharaman informed Parliament on Monday.

The government does not have any plans to infuse funds in privately-held shadow banks, she said in a written reply.

"Government has received a proposal

MacKenzie Bezos, wife of the world's richest man Jeff Bezos for 25 years, is set to walk away with a whopping $38 billion this week -- roughly $1.52 billion a year since she got married to the Amazon founder and CEO.

The Bezos couple finalised their divorce in April in what was reported as the biggest divorce settlement in history,

The railways has speeded up 261 trains as part of Mission Raftaar, by up to 110 minutes over different zones, providing a faster transit to passengers which will be reflected in the new time table with effect from Monday. 'Mission Raftaar' was announced in the Railway Budget 2016-17 and envisages a target of doubling average speed of

The S-P BSE Sensex and NSE Nifty 50 Indexes snapped their two day losing streak on hopes that the re-elected National Democratic Alliance (NDA) government will announce steps to bolster economic growth in its first Budget which will be presented by Finance Minister Niramala Sitharaman on Friday, July 5. Market participants have host of

 Country's top refiner Indian Oil Corporation is close to chartering a Panama-flagged ship rather than a domestic vessel in its first tender to hire an oil tanker with scrubbers that remove sulphur emissions, sources with knowledge of the matter said.

In

Reliance Group is looking to lease out its headquarters in one of Mumbai's prime suburbs, the telecom to infrastructure conglomerate said, a move that will help the company to raise funds to pay off debt.

Some of the companies under the Reliance Group conglomerate, controlled by businessman Anil Ambani, have been hit by a spate of credit

Punjab National Bank (PNB) has revised its fixed deposit interest rates on select maturities with effect from Monday, July 1, 2019. State-run PNB has lowered the interest rate applicable to maturity periods such as 7-14 days and 15-29 days, according to the lender's website -- pnbindia.in. The bank is offering an interest rate of 5.5 per cent to

Petrol rates were increased by state-run oil marketing companies on Tuesday, which marked a sixth straight day of hike in the fuel rates. With effect from 6 am on Tuesday, the price of petrol was at Rs. 70.51 per litre in Delhi, Rs. 72.75 per litre in Kolkata,

The RBI, in important initiatives, has three committees and a working group with the aim to develop the domestic capital markets further, while to boost derivatives markets, efforts are required in encouraging better risk management by domestic institutions, especially banks, outgoing RBI Deputy Governor Viral Acharya has said.

"With the

Finance Minister Nirmala Sitharaman is due to present her first Budget in Parliament on July 5. Economists and analysts eye significant measures to address the slowdown in growth and consumption, and prop up job creation. Analysts say some volatility

Gold imports rose 12.6 per cent in June from a year earlier to $2.69 billion amid a jump in global prices to six-year highs, a government source said on Tuesday.

However, imports were 44 per cent lower in June from May's $4.78 billion, the source said, who was not allowed to speak to the media.

In India, local prices jumped to a record

Can the upcoming Union Budget, to be presented by Finance Minister Nirmala Sitharaman in Parliament on July 5, trigger a bull rally? Some analysts say it is possible. In the February 1 Interim Budget, the government reduced taxes for the middle

The S-P BSE Sensex and NSE Nifty 50 Indexes started the Budget week on a positive note with the Sensex rising over 300 points and Nifty reclaiming its crucial psychological level of 11,850. The Union Finance Minister Nirmala Sitharaman will present the

In the Interim Budget presented on February 1, the government made a few big ticket announcements. These ranged from reduced taxes for the middle class to a Rs 75,000-crore assured income scheme for the small

The eight core sector industries recorded a growth of 5.1 per cent in May on the back of healthy output in steel and electricity. The eight core sector industries - coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity - grew by 4.1 per cent in May last year.    

Steel and electricity output increased

Domestic stock markets started Monday's session on a higher note, with the S-P BSE Sensex index gaining more than 200 points in early trade, amid a positive trend in Asian peers. The Sensex index rose as much as 237.05 points in early deals to 39,631.69, and the NSE Nifty benchmark climbed to 11,855.65,

India's defence sector needs replacement of outdated equipment with modern weaponry, according to experts. Defence expert Ajai Shukla believes the government's capital allocation in defence should increase by at least one third from the current Rs 1 lakh crore to about Rs 1.3 lakh crore. Major General Ashwani Siwach (retired), former head of

In signs of sluggish momentum in tax collections, Goods and Services Tax (GST) receipts in June fell to Rs 99,939 crore, down from over Rs 1 lakh crore in the previous month, the finance ministry said on Monday. While the GST collections in June were lower than Rs 1,00,289 crore in May, they were higher than Rs 95,610 crore receipts in

Interest rates applicable to select small savings schemes have been revised with effect from July 1. Schemes such as the 15-year Public Provident Fund (PPF), the National Savings Certificate (NSC) and the Kisan Vikas Patra (KVP will yield a 10

Heavy rainfall in Mumbai over the past five days has affected the city's sub-urban rail network (Mumbai local train) on the Central Railways' Harbour and Main lines. Mumbai and the surrounding areas of Thane witnessed very heavy rainfall overnight, impacting the

South Africa's Bidvest Group Ltd. won court approval to sell its holding in Mumbai International Airport to a third party, dealing a blow to majority holder GVK Power - Infrastructure Ltd.'s bid to increase its ownership.

The ruling allowed unit Bid

Although the distressed home buyers of Jaypee Infratech Limited (JIL) are urging the government to intervene in the resolution process of the bankrupt realty firm in support of NBCC's bid, the public sector construction major, according to

The S-P BSE Sensex and NSE Nifty 50 Indexes are set to open higher as indicated by the Nifty futures traded on Singapore Exchange. Nifty futures on Singapore Exchange also known as the SGX Nifty rose 0.13 per cent or 15 points to 11,918. Meanwhile, Asian shares

Aviation turbine fuel (ATF) prices were reduced by up to 5.9 per cent with effect from July 1. The price of aviation turbine fuel - or jet fuel - was slashed by Rs. 3,806 per kilolitre to Rs. 61,200 per kilolitre in Delhi, according to state-run Indian Oil Corporation's website, iocl.com. That marked the second straight monthly reduction in the

Fund transfer through RTGS and NEFT systems is set to become cheaper from Monday after the Reserve Bank of India decided it will not impose any charges on such transactions. After announcing its decision to waive all charges on fund