Business

The country's largest bank - State Bank of India (SBI) - on Friday reported net profit of Rs. 2,312.20 crore in April-June period compared with loss of Rs. 4,875.85 crore in the same quarter last year, according to a stock exchange notification filed by the bank. About 22

Domestic stock markets registered sharp losses on Friday, falling for a second straight session, tracking weakness in Asian peers, where traders worried not only about the escalation of the trade war but also the effect on the independence of the US central bank. The S-P BSE Sensex index fell as much as

Indian Railway Catering and Tourism Corporation's (IRCTC) IRCTC Tourism is offering five nights and six days tour package which covers popular destinations of south India like Trivandrum, Kanyakumari, Rameswaram, Kodaikanal and Madurai. IRCTC Tourism's

The S-P BSE Sensex and NSE Nifty 50 Indexes staged recovery in afternoon deals as heavyweights like Axis Bank, Maruti Suzuki, Reliance Industries, Bharti Airtel and Mahindra - Mahindra witnessed some buying interest. Earlier in the day, Sensex fell over 400 points and the Nifty 50 Index touched an intraday low of 10,848 mirroring losses in

State Bank of India (SBI) recently lowered its interest rates on fixed deposits (FDs) up to Rs 2 crore. SBI, the country's largest bank, currently provides interest rates to the tune of 5-6.5 per cent to the general public on fixed deposits up to Rs

The S-P BSE Sensex and NSE Nifty 50 indexes nosedived in Thursday's session tracking weak global cues, after the US Federal Reserve rattled markets by signalling that its first rate cut in more than a decade was not the start of a lengthy easing cycle. The Sensex index plunged as much as 787 points to

Shares in Coffee Day Enterprises - the operator of the Cafe Coffee Day chain of restaurants - plunged nearly 10 per cent on Friday, marking an eighth day of losses. The company's shares have registered sharp losses this week, after the death of its founder VG Siddhartha, whose body was found on Wednesday morning, 36 hours after he went missing

The Bombay High Court on Thursday sought to know from the Reserve Bank of India (RBI) the reason behind changing from time to time the size and other features in currency notes and coins.

The query was posed by a division bench of Chief Justice Pradeep Nandrajog and Justice N M Jamdar while hearing a petition filed by the National

India's factory activity accelerated in July as domestic demand and output strengthened, encouraging firms to hire at the fastest rate in five months, a private business survey showed on Thursday.

The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, rose to 52.5 in July from June's 52.1. It has remained above the 50-mark

The Supreme Court on Friday ordered a status quo for two weeks on Jaypee Group's plea against the National Company Law Tribunal (NCLAT) order which allowed fresh bidding for debt-laden Jaypee Infratech.

A bench of justices AM Khanwilkar and Dinesh Maheshwari ordered status quo after the apex court was informed that Parliament had passed

The Goods and Services Tax (GST) collections rose by 5.80 per cent to Rs. 1,02,083 crore in July from a year ago, the Ministry of Finance said in a statement on Thursday. In July last year, the GST revenue was Rs 96,483 crore. The Central GST collections stood at Rs 17,912 crore, State GST at

LPG or cooking gas prices were reduced with effect from Thursday, August 1. The reduction in the non-subsidised prices of LPG cylinders of 14.2 kilograms was to the tune of Rs 61.5-62.5 per unit in Delhi, Mumbai, Kolkata and Chennai, according

Domestic shares plunged more than 1 per cent on Friday dragged by auto and metal counters, after broader Asia took a beating following US President Donald Trump's threat to impose further tariffs on Chinese imports from next month.

Trump vowed to slap a

The rupee closed 27 paise lower against the US dollar and breached the 69-mark on Thursday, news agency Press Trust of India (PTI) reported. The fall came on the back of heavy selling in domestic equity markets and strengthening of the US dollar

Maruti Suzuki, the country's largest car maker, registered decline in sales for sixth month in a row with sales in July clocking the biggest drop of 2019. Maruti Suzuki's domestic sales and exports dropped 33.5 per cent to 1,09,264 units in July compared with 1,064,369 units

IT services firm Mindtree on Friday named former Cognizant executive Debashis Chatterjee as its new managing director and chief executive officer.

The company also said S N Subrahmanyan, CEO of Larsen - Toubro Ltd (L-T), would be appointed as non-executive vice chairman.

L-T's hostile bid to acquire a controlling stake in

The Supreme Court agreed on Thursday to hear tomorrow a plea of Jaypee Group against the NCLAT order which allowed fresh bidding for the debt-laden Jaypee Infratech. The top court said it will hear a plea of homebuyers along with the statutory appeal of Jaypee Group against the July 30 order of National Company Law Appellate Tribunal

State Bank of India or SBI, country's largest lender, revised its fixed deposit (FD) interest rates across all maturities with effect from August 1. The latest rates are applicable across various tenors for domestic term deposits or fixed deposits (FDs). On fixed

Oil minister Dharmendra Pradhan said on Friday he wants state-owned oil companies to boost their overseas borrowings, replicating the funding success of the country's renewable industry.

With funding from local banks and non-banking financial companies

In what could be his largest stock sell-off, Amazon Founder and CEO Jeff Bezos has cashed in $1.8 billion worth of the company's shares over the last three days of July, according to media reports.

After taxes, he would net about $1.4 billion, Forbes.com reported on Wednesday,

Eicher Motors shares declined more than 3 per cent on Thursday, a day after the auto maker reported its earnings for the April-June period. On the Bombay Stock Exchange (BSE), Eicher Motors shares opened 1.24 per cent lower at Rs 16,148.00 and dropped to as much as Rs 15,800.00 apiece in later morning deals, marking a fall of 3.36 per cent c

Those looking to invest in gold today have multiple options to choose from. One can invest in physical gold, in the form of jewellery, coins or biscuits, or set up a demat account to purchase gold electronically. Other than physical gold, a range of

Bharti Airtel on Thursday reported a net loss of Rs 2,866 crore in the April-June period, as against a net profit of Rs 97.3 crore in the corresponding period a year ago. In a regulatory filing after market hours, the private sector telecom company said

Domestic stock markets started Thursday's session on a weak note tracking losses in Asian peers, after the US central bank cut the key interest rates for the firs time since 2008 but fell short of market expectations of a lengthy easing

US President Donald Trump vowed to impose a 10 per cent tariff on $300 billion of Chinese imports from September 1, sharply escalating a bruising trade war between the world's largest economies and jolting financial markets.

The announcement on Thursday extends Mr Trump's trade tariffs to nearly all of the Chinese goods the US imports

The S-P BSE Sensex and NSE Nifty 50 indexes nosedived in Thursday's session on the back of weak global cues after the US Federal Reserve rattled markets by signalling that its first rate cut in more than a decade was not the start of a

Steep drops in auto sales for China and India over recent months are serving as a painful reminder that the two world's most populous markets are not living up to earlier heady expectations.

Take China for instance. Former Beijing Automotive Group (BAIC) president

The Income Tax Department enables Permanent Account Number (PAN) holders to request a correction or change in their details fed into the database in online as well as offline mode. For requesting a change in the details fed into the PAN database

Global gold demand grew by 8 per cent year-on-year to 1,123 tonnes in the April-June quarter of 2019, mainly driven by central banks purchases and rise in investments in gold-backed ETFs, according to a report.

The overall demand in the second quarter

State-run BSNL will disburse the salaries for July to its employees by August 5 from its internal accruals, its CMD P.K. Purwar said on Wednesday.

"Today is 31st July. We are working on it. We will do it. We will surely give the salary by (August) 4th or 5th out of internal