Business

"It is time to go with big and bold reforms. Raising taxes and plugging tax loopholes are, and will remain, a critical budgetary tool; however, I hope the Budget finds creative ways to deploy government assets and to raise revenues," Sunil Kant

Gold demand could fall 10 per cent in 2019 from a year ago to the lowest level in three years as a rally in local prices to a record high dents retail purchases during a key festive season, the head of an industry body told Reuters.

Lower purchases by India, the world's second biggest

IRCTC or Indian Railway Catering and Tourism Corporation Tourism is offering a tour package to Thailand starting from Rs 32,300 per person, it said on microblogging website Twitter. The four-night and five-day tour will cover destinations such as

Gold prices plunged by Rs 300 to Rs 34,170 per 10 grams on Wednesday, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. Silver also followed suit and plummeted by Rs 500 to Rs 38,700 per kg due to reduced offtake by industrial units and coin

IndiaMART InterMESH's IPO or initial public offer was subscribed 104 per cent on Tuesday, its second day of issue. Delhi-based IndiaMart InterMESH is an online marketplace and business-to-business (B2B) classifieds platform. The IndiaMART

The Reserve Bank of India on Monday launched an application on its website for lodging complaints against banks and NBFCs with a view to improve customer experience in timely redressal of grievances. The Complaint Management System (CMS) is a software application to facilitate RBI's grievance redressal process. Customers can lodge complaints

The S-P BSE Sensex and NSE Nifty 50 Indexes rose for second day in a row paced by gains in power, metal and utilities shares. The Sensex and Nifty opened lower and for most part of the day traded in a rangebound manner. However, gains in banking heavyweights like HDFC Bank, ICICI Bank and Yes Bank helped Sensex and Nifty end with gains. The

India, which is heavily dependent on Middle Eastern oil, is looking on with increasing apprehension as the US and Iran flirt with war.

The country imported 84 per cent of its crude in the last financial year, government data show, and two of every three of those barrels was sourced from the conflict-prone region. A major war in the Middle East

Private sector lender HDFC Bank offers fixed deposit maturities ranging from seven days to 10 years. Fixed deposits (FDs) are secure investment instruments that offer higher interest rates than deposits in savings accounts. HDFC Bank offers interest rates to the tune of 3.50-7.40 per cent to the general public on fixed deposit (FD) up to Rs. 2

Bitcoin jumped to its highest in eighteen months on Wednesday on safe-haven investment flows and growing expectations that Facebook's Libra could turn cryptocurrency investments mainstream.

"It obviously does appear to be benefiting from some sort of flows

Mortgage lender Dewan Housing Finance Corp Ltd (DHFL) said it had only been able to make a 40 per cent payment on unsecured commercial papers due on Tuesday, but vowed to pay the remaining Rs 225 crore ($32.49 million) in the coming days.

The country's shadow banking sector has been thrown into disarray after a series of defaults at large

The news of RBI Deputy Governor Viral Acharya's premature exit from the central bank, although unfortunate, will not disturb the markets, state-run State Bank of India (SBI) said on Monday.

The bank's latest Ecowrap research report authored by SBI Chief

Union minister Piyush Goyal announced a slew of measures in the Interim Budget 2019, the last Budget presented by the NDA government before the Lok Sabha elections. Those measures included a major relief for farmers, in the form of a Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, as well as individual taxpayers - such as the increase in

DHFL or Dewan Housing Finance Limited recovered all of intraday losses after plunging around 9 per cent in intraday trade on Wednesday, a day after the mortgage lender said it had made a 40 per cent

Two months after India's oldest private-sector airline grounded its last plane, and with even a water-bottling firm threatening to drag the carrier into bankruptcy, a consortium of lenders led by State Bank of India can finally stop pretending that a white knight is coming.

With the insolvency tribunal taking Jet Airways India Ltd. under its wing

Industry body Ficci has recommended the government raise the tax exemption on preventive health check-up from the current Rs 5,000 per person to Rs 20,000 and also sought the "national priority" status for the healthcare sector. In its Budget recommendation to the government, the industry body has also sought a separate annual deduction of up to

Domestic stock markets opened lower but recovered all of early losses on Wednesday, shrugging off weakness in Asian peers. The Sensex rose as much as 164.46 points from the previous close to 39,599.40 in early trade, and

A senior government official has opposed and delayed proposals from a Reserve Bank of India (RBI) panel that the central bank keep most of its so-called "excess reserves" rather than hand them to the central government, sources

Life Insurance Corporation (LIC)'s Jeevan Lakshya plan is a participating non-linked plan which offers a combination of protection and savings. LIC, which offers a variety of products such as term insurance plans, endowment plans and unit-linked plans, provides annual income

The Pension Fund Regulatory and Development Authority (PFRDA) has submitted a proposal to increase the limit of pension and age which the government is looking into.

The proposal, under the Atal Pension Yojana (APY), is being examined by the government, said Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman in a written

Breaking a five-day gaining streak, gold prices declined by Rs 100 to Rs 34,270 per 10 grams on Monday, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. The price of silver, however, advanced by Rs 90 to Rs 39,090 per kg on increased offtake by industrial units and coin makers. Decline in demand from local

Major commercial banks such as State Bank of India (SBI) have set different rules to ensure sufficient balance in the regular bank accounts of their customers. A penalty is levied by the bank in case of non-maintenance of monthly average balance

Domestic steel industry has sought an increase in basic customs duty for certain steel materials from the government in the upcoming full-budget 2019-20.

According to Indian Steel Association's budget recommendations made to the government, India should discourage imports of non-essential steel items such as 'hot rolled items and colour

The current basic income tax exemption limit of Rs 2.5 lakh is unlikely to be raised in the forthcoming full Budget 2019-20, according to informed sources, as the Finance Ministry has already announced a provision whereby individuals earning up to Rs

The UIDAI or Unique Identification Authority of India provides a host of online services for Aadhaar holders and applicants. The UIDAI - the issuer of the 12-digit personal identification number under the Aadhaar programme - enables applicants

The Confederation of Indian Industry (CII) recommended the creation of a National Employment Board consisting of members from key Union Ministries, all state governments, industry experts and trade unions, among others, to look into and address

The defence forces have high hopes from Finance Minister Nirmala Sitharaman that she will loosen the purse strings to meet the challenging requirements of modernising the armed forces as she gets down to preparing the first Budget of Modi 2.0.

Before

Reliance Jio Infocomm is offering recharge plans for usage 1.5 GB of high speed internet data per day starting at Rs 149. Reliance Jio - which offers wireless telecom services under the brand name Jio - is currently offering five different recharge plans for usage 1.5

Government has told foreign e-commerce firms such as Amazon and Walmart's Flipkart that they must ensure compliance with new foreign investment rules aimed at deterring them from providing steep online discounts, three sources familiar with the discussions told Reuters.

Commerce Minister Piyush Goyal has said that while the government

In a major push towards 'Make in India' initiative, the government on Thursday issued Expression of Interest (EoI) for shortlisting of potential Indian Strategic Partners for construction of six conventional submarines for P-75(I)