Business

The rupee rose to as much as 68.91 against the US dollar on Friday. That marked the first time the rupee appreciated to 68 levels against the greenback in intraday trade since April 11 this year. The rupee opened

Finance Minister Nirmala Sitharaman will present the full-year Budget for financial year 2019-20 in the Parliament on July 5. This will be the first Budget after the NDA government's return to power in a landslide victory in May 2019 led by Prime Minister

India's economy showed signs of fragility in May after April's uptick, suggesting a sustained recovery needs a fiscal stimulus from newly re-elected Prime Minister Narendra Modi's government.

Overall activity from eight high-frequency indicators compiled by Bloomberg News show the economy lacked momentum, with the dot remaining unchanged from a

Domestic stock markets gave up all of intraday gains in late morning deals on Friday, after a positive start amid gains in Asian peers. The S-P BSE Sensex index fell as much as 211.02 points from the day's high to

Finance Ministry has demanded the social security and pension fund cuts the 8.65 per cent annual return it was planning to offer about 85 million member workers, according to a ministry memorandum reviewed by Reuters.

The reason is that the yield may not be

Domestic stock markets started Thursday's session on a higher note tracking gains in Asian peers. The S-P BSE Sensex index rose as much as 125.5 points to touch 39,717.58 in early trade and the NSE Nifty benchmark moved to 11,886.75, up 39.2 points

Domestic stock markets started Friday's session on a higher note amid volatile trade, tracking mild gains in Asian peers. The S-P BSE Sensex index rose as much as 88.84 points in early trade to 39,675.25, and the NSE

Cryptocurrency exchange Koinex on Thursday announced its decision to shut down all of its digital assets exchange services and operations. In a series of posts on microblogging site Twitter, Koinex said

Telecom Minister Ravi Shankar Prasad on Wednesday blamed stiff competition, high employee cost and no 4G services for the poor financial state of BSNL and MTNL.

Absence of 4G services and high employee costs are hitting at the competitive strength of the public sector companies - Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telecom

BSE or Bombay Stock Exchange said on Friday that it commenced commodity derivatives trading in turmeric. The launch of turmeric futures, which will be traded with a lot size of 10 metric tonnes, in Sangli, Maharashtra received "immense support from the turmeric traders" of the city, BSE said in a statement. The stock exchange also announced

The S-P BSE Sensex and NSE Nifty 50 Indexes ended on a flat note as futures and options contracts for the month of June expired today. Gains in HDFC, Axis Bank, Tata Motors, State ank of India and Mahindra - Mahindra were offset by losses in Reliance Industries, Infosys, ITC, HDFC Bank and Kotak Mahindra Bank. The benchamrks opened higher

The Reserve Bank of India (RBI) on Wednesday asked the public, casting aside their doubts, to continue accepting coins of various denominations pumped into circulation regularly. The RBI puts into circulation coins minted by the central

Governor Shaktikanta Das on Thursday called for more cooperation between the government and the Reserve Bank to help boost the sagging growth engine and to ensure systemic stability. A dip in consumption and private investment has exerted

Indian Railways' online ticketing arm, the Indian Railway Catering and Tourism Corporation or IRCTC, enables booking and cancellation of train tickets in an online mode. Online users looking to book railway tickets can make advance reservations t

The rupee on Wednesday advanced by 21 paise to close at 69.15 against the US currency in line with uptrend in domestic equities. At the interbank foreign exchange market, the rupee opened at 69.40 a dollar and advanced to a high of 69.07 during the day.

The country's financial system "remains stable" despite recent setbacks and the NPA cycle has "turned around" with a sharp reduction in the ratio of dud assets to 9.3 per cent, the Reserve Bank said on Thursday in the Financial Stability Report. The

Oil marketing companies hiked the rates of petrol and diesel across metros on Thursday. With effect from 6 am, the price of petrol was at Rs. 70.12 per litre in Delhi, Rs. 72.38 per litre in Kolkata, Rs. 75.82 per litre in Mumbai and Rs. 72.84 per litre in Chennai, according to notifications

Ola remains the main potential threat to Uber Technologies Inc.'s dominance in the London ride-sharing market, despite this month's return of the rival Bolt service to the UK capital, Morgan Stanley analysts say.

Ola, owned by ANI Technologies Pvt,

Industry body Confederation of Indian Industry (CII) has called for lowering tax incidence, in Budget, on equity investments in order to to incentivize risk capital in the economy. Currently, corporate tax for large corporations is 35 per cent. Another

The S-P BSE Sensex and NSE Nifty 50 Indexes came off intraday highs ahead of futures and options expiry for the month of June due later in the day. The S-P BSE Sensex fell 268 points from day's high and the NSE Nifty 50 Index briefly fell below 11,850 owing to selling pressure in Reliance Industries, Infosys, ITC, Tech Mahindra and Power

IRCTC Tourism is offering a tour package to China, Hong Kong and Macau at a starting tariff of Rs. 1,64,990 per person. The ten-night and eleven-day tour will cover destinations such as Shanghai, Xian, Beijing, Hong Kong and Macau, according to IRCTC

Government has put on hold plans to sell a stake in debt-laden state-run carrier Air India because of high oil prices and volatile foreign currency movements, the country's junior civil aviation minister said on Thursday.

"The present environment is not conducive to stimulate interest amongst investors for strategic disinvestment of Air

State Bank of India or SBI has a network of more than 50,000 ATMs (Automated Teller Machines) in the country, according to it's website - sbi.co.in. The lender offers several types of debit cards such as SBI Classic Debit Card, SBI Global I

Infrastructure Leasing and Financial Services Ltd (IL-FS) Engineering and Construction Company urged the exchanges on Wednesday to avoid coercive action against it for failing to declare its quarterly results.

The company in regulatory filing said it will be "challenging" for the management to prepare the financial statements owing to

Market regulator Sebi reinforced disclosure rules for when the shares in a company are pledged as collateral and tightened rules for mutual funds to try to protect minority shareholders and retail investors.

Promoters of a company -- often its main investors

Anil Ambani-led Reliance Infrastructure said on Wednesday it has bagged one of the largest engineering, procurement and construction contracts from Maharashtra State Road Development Corporation (MSRDC) -- the Rs 7,000 crore Versova-Bandra Sea Link (VBSL) project in Mumbai.

"Reliance

The 10 per cent long-term capital gains (LTCG) tax imposed on profit above Rs 1 lakh in the last Budget will, in all probability, continue in this year's Budget, sources said.

The sources said that there were neither chances of a hike

Union Finance Minister Nirmala Sitharaman will be tabling the Budget 2019-20 in Lok Sabha on July 5, 2019. Union Budget is the annual financial statement of Government of India that contains details such as revenue, expenditure, growth projections and

Indian Railway Catering and Tourism Corporation (IRCTC), the online ticketing arm of the Indian Railways, offers a train ticket booking facility for individuals travelling on an urgent basis. Known as Tatkal ticket booking scheme, travellers can reserve or book train

The government is due to present full-year Budget 2019-20 on July 5. The budget is an annual financial statement of a government, detailing its revenue and expenditure in the past, as well as estimated spending and projections for the time to come. Ahead