Business

The Federal Reserve cut interest rates on Wednesday, but the head of the US central bank said the move might not be the start of a lengthy campaign to shore up the economy against risks including global weakness.

Fed Chairman Jerome

Indian Oil Corporation, the country's largest fuel retailer, on Wednesday reported a net profit of Rs 3,596.11 crore for the April-June period. That marked a decline of 47.36 per cent compared to the corresponding period a year ago. In a

The founder and largest shareholder of the country's biggest coffee-chain owner Coffee Day Enterprises went missing on Monday, with media reports citing a letter purportedly written by him that said he gave in to pressure from lenders and tax

Monsoon rains in the coming weeks are likely to make up for a shortfall in the first two months of the season that began in June, the head of weather office said on Wednesday, boosting prospects for the agricultural sector.

"We are going to see some rapid

The S-P BSE Sensex and NSE Nifty 50 were trading flat by afternoon as markets recovered most of the day's losses. The S-P BSE Sensex slipped as much as 268.98 points to an intraday low of 37,128.26. The Nifty 50 barometer of the National Stock Exchange (NSE) fell as much as 86.00 points to an

The government has banned the world's largest brewer, Anheuser-Busch InBev, from selling its products in the key New Delhi market for 3 years for allegedly evading local taxes, government orders seen by Reuters showed.

The Delhi government

Lower tax collections pushed India's budgetary fiscal deficit higher for the April-June 2019-20 period, to 61.4 per cent or Rs 4.32 lakh crore of the budget estimates (BE), official data showed on Wednesday.

The government has targeted the fiscal deficit to be at Rs 7.03

Passenger carrier IndiGo is offering domestic and international flight tickets at a starting all-inclusive price of Rs 999 and Rs 3,499 respectively in a limited period offer.  The discounted fares are applicable across airline's 56 domestic and 19 international destinations.

Hero MotoCorp, the country's largest two-wheeler maker, on Tuesday reported a standalone net profit of Rs 1,257.34 crore for the April-June period. That marked an increase of 38.29 per cent from its net profit of Rs 909.17 crore in the corresponding quarter a year

Infrastructure output grew 0.2 per cent in June from a year earlier, government data showed on Wednesday.

Infrastructure output, which comprises eight sectors such as coal, crude oil and electricity, accounts for nearly 40 per cent of the country's

Coffee Day Enterprises shares plunged 20 per cent on Wednesday. VG Siddhartha, founder of the Cafe Coffee Day chain, was found dead on Wednesday morning. The body of Mr Siddhartha, chairman and managing director of Coffee Day Enterprises, was

The due date for assessees to file their income tax return for financial year 2018-19 (assessment year 2019-20) was extended by the Income Tax Department earlier this month. "The Central Board of Direct Taxes (CBDT) extends the 'due date' for filing of

Eicher Motors on Wednesday reported a 21.6 per cent fall in net profit to Rs 451.77 crore in the April-June period, from Rs 576.18 crore in the corresponding period a year ago. According to a regulatory filing by the company, its revenue declined 6.8 per cent to Rs 2,361.24

Union Finance Minister Nirmala Sitharaman said companies will now have to explain where they have spent money allocated for corporate social responsibility (CSR) while adding that the companies have to move this money to an escrow account if not

India Post offers nine types of government-run small savings schemes at its designated branches. With its network of more than 1.5 lakh branches across the country, India Post - under the Department of Posts - provides interest at the rates to the

Monsoon rains in the country were above average in the week ending on Wednesday, helping farmers accelerate the planting of summer-sown crops and easing concerns of drought. That marked the second time since the start of the monsoon

Retirement fund body EPFO or Employees' Provident Fund Organisation allows subscribers to withdraw money from their Employees' Provident Fund (EPF) corpus under certain conditions. In EPF, a mandatory contribution is deducted from the salary of an employee and

Fixed deposit or FD, a secure financial instrument, is offered by banks as well as non-banking financial companies (NBFCs). The interest rates offered on company fixed deposits are higher than those on bank fixed deposits. However, while returns on bank FDs are assured, the

July 31, 2019, is not the last date to file income tax return (ITR) for assessment year 2019-20 (financial year 2018-19). Last week itself, the Central Board of Direct Taxes (CBDT) extended the ITR filing deadline to August 31, 2019, from the previous ITR filing deadline of July 31, 2019. It was

Extending their losses to a third day running, domestic stock markets started Wednesday's session on a lower note, amid weakness in Asian peers on fresh concerns about the US-China trade talks. The S-P BSE

Axis Bank's net profit jumped 95 per cent in April-June period to Rs 1,370.08 crore from Rs 701 crore in the same quarter last year, the bank said in a stock exchange filing after market hours on Tuesday. Its net interest income, the difference between interest earned and interest expended, grew 13 per cent to Rs 5,843.65 crore compared with Rs 5

India Post or Department of Post, which runs the postal network of the country, also offers nine types of government-sponsored savings schemes. These include savings account, five-year recurring deposit (RD), time deposit or fixed deposit (FD), monthly income

The National Company Law Appellate Tribunal (NCLAT) on Tuesday extended the resolution process of Jaypee Infratech (JIL) by 90 days, thereby allowing submission of fresh bids for the bankrupt realty company.

The extension would come into effect with the receipt of the appellate

Tech Mahindra on Tuesday reported a net profit of Rs 959.3 crore in the quarter ended June 30. According to a regulatory filing by the company after market hours, its net profit fell 15.29 per cent compared to the previous quarter. The IT company had reported a net

The S-P BSE Sensex and NSE Nifty 50 Indexes posted their worst monthly performance in July in 10 months. Imposition of higher tax on the super rich, slowing economy and consumption and an ongoing credit crisis among non-bank finance lenders have spooked the investor sentiment, say analysts. In July the S-P BSE Sensex dropped 4.86 per cent

The pressure of huge losses and competition has forced consolidation in the PSU telecom space as Department of Telecom is currently working on a proposal for merger of its two ailing PSUs - BSNL and MTNL - to revive the state-owned telecom firms.

The

The S-P BSE Sensex and NSE Nifty 50 Indexes erased intraday gains and extended declines to second straight day dragged by selling pressure in banking, financial services and auto sector shares. The 50-share Nifty 50 index ended below important

Coffee Day Enterprises, the operator of the Cafe Coffee Day chain, on Wednesday announced the appointment of independent director SV Ranganath as the interim chairman of its board. His appointment at the board of the company

IndiGo, the country's largest airline by market share, announced new international flights on Tuesday. IndiGo will start daily direct flights on the Kolkata-Hanoi and Hanoi-Kolkata routes, it said in a press release. The new flights will start from October 3, according to the private

The S-P BSE Sensex and NSE Nifty 50 Indexes extended declines led by selling pressure in banking, auto, metal and financial services shares. The S-P BSE Sensex dropped as much as 540 points from intraday high of 37,950.21 and the NSE Nifty 50 Index fell below its crucial psychological level of 11,100 for the first time since March 11