Business

State Bank of India or SBI customers can avail loan against fixed deposit (FD) account without breaking their FD account, according to lender's website- sbi.co.in. Individual customers holding fixed deposit (FD) or special fixed deposit account with SBI in single name can

Mining conglomerate Vedanta's first-quarter profit slightly missed estimates as falling commodity prices hurt revenue and margins.

The company has seen a muted year in terms of commodity prices, with the benchmark three-month copper on the London Metal Exchange rising

Apple took a major step towards supplying its own smartphone chips by purchasing the majority of Intel's modem business in a deal valued at $1 billion, the companies said on Thursday.

Under the deal, about 2,200 Intel employees will join Apple, along with intellectual property, equipment and leases. Combined with its existing portfolio, Apple will

ICICI Bank on Saturday reported a net profit of Rs 1,908.03 crore for the quarter ended June 30. The private sector lender had reported a net loss of Rs 119.55 crore for the corresponding three-month period a year ago. 

In a regulatory filing, ICICI Bank said

Income tax-saving fixed deposit (FD), a special category of FD, help investors claim deductions under Section 80C of the Income Tax Act. According to the current Income Tax (I-T) law, a taxpayer can claim maximum tax deductions of up to Rs 1.5 lakh

Former Finance Secretary Subhash Chandra Garg, a 1983 batch IAS officer and the senior-most in the service, on Thursday applied for a voluntary retirement after being shifted out of the Finance Ministry to the Power Ministry.

There are various

The GST or Goods and Services Tax Council on Saturday decided to reduce the rates applicable to electric vehicles (EVs) and the chargers used for such vehicles. In a statement released after the conclusion of its 36th meeting, the GST Council said it had decided to revise the rates applicable to electric

The S-P BSE Sensex and NSE Nifty 50 Indexes snapped their six-day losing streak, the longest stretch of losses for benchmarks in over two months, led by gains in auto and banking heavyweights like ICICI Bank, Kotak Mahindra Bank, Mahindra - Mahindra, Yes Bank, Hero MotoCorp, Tata Motors and Bajaj Auto. In the last six trading sessions,

Domestic stock markets started Friday's session on a choppy note swinging between gains and losses in a tight range amid weakness in Asian peers. The S-P BSE Sensex index moved in a range of 197.89 points, first touching 37,888.36 at the strongest level in early deals, and then climbing down to as low as 37,690.47. The NSE Nifty benchmark

August 31, 2019 is the last day for assessees to file income tax return (ITR) for  financial year 2018-19 (assessment year 2019-20). The forms for filing of income tax return are known as ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6 and ITR-7. ITR-1, also known as Sahaj, can be used by individual who is a resident (other than not ordinarily resident)

The last day to file income tax return (ITR) for assessment year 2019-20 (financial year 2018-19) is August 31, 2019. Earlier, the last date to file income tax return was July 31 which was extended to August 31. A

IRCTC Tourism is offering a tour package of three nights and four days to Goa starting from Rs. 17,700 per person. The tour will begin from Indore on September 7, said IRCTC Tourism, the tourism arm of the Indian Railways. The journey from Indore to Goa will be via economy class of IndiGo airlines, according to the IRCTC Tourism's website,

IndiGo, the country's largest airline by market share, has announced new international flights. Effective August 22, the airline will start daily direct flights on the Delhi-Dhaka, Mumbai-Singapore and Mumbai-Bangkok routes at a starting all-inclusive price of Rs 8,499,

Maruti Suzuki India - the country's largest carmaker - on Friday reported a net profit of Rs 1,435.5 crore in the April-June period. That marked a fall of 27.32 per cent from Rs 1,975.30 crore in the corresponding period a year ago. The carmaker's net profit and sales d

The Prime Minister's Office (PMO) wants the finance ministry to reassess the idea of issuing foreign currency overseas sovereign bonds, two sources with knowledge of the development said on Thursday

The office has asked the finance ministry to seek wider consultation from stakeholders before proceeding with any plans, said the sources,

Expressing concern over the impact of stressed trade negotiations, rising geo-political tensions and high debt levels of several economies, Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday backed the building up of forex reserves by emerging economies to protect against global contagion.

Speaking at the book launch of "India's

WhatsApp will roll out its payments service in the country this year following a year-long pilot, its global chief Will Cathcart has said, as the Facebook-owned messaging giant taps an upsurge in digital payments in its dominant market.

WhatsApp is

Reliance Jio offers various recharge plans from 1.5 GB of internet data per day to 5 GB of internet data per day. Jio recharge plans that offer 2 GB per day data start at Rs. 198, according to Reliance Jio's official website, jio.com. The country's telecom sector has

Reliance Jio Infocomm, which provides wireless telecom services under the brand Jio, is offering recharge plans with benefits such as high speed data and unlimited voice calls starting from Rs 149. These recharge plans come with high speed data of 1.5-5GB/day for

Punjab National Bank (PNB) turned profitable in the April-June period on account of lower provisioning for bad loans. The Delhi-based state-run lender on Friday reported a net profit of Rs 1,018.63 crore in the quarter ended June 30. PNB had registered a net loss of Rs 940 crore in

The gross non-performing assets (NPAs) of public sector banks (PSBs) have declined by Rs 89,189 crore from a peak of more than Rs 8.95 lakh crore in March 2018 to over Rs 8.06 lakh crore in March this year, the government told the Rajya Sabha.

In a written reply to Congress member B K Hariprasad, Finance Minister Nirmala Sitharaman said,

Former finance secretary Subhash Chandra Garg on Friday said there is no connection between his transfer from the Finance Ministry to Power Ministry and his VRS offer, as he had discussed his voluntary retirement with the Prime Minister's Office on July 18.

"I had discussed my VRS (voluntary retirement) with the Prime Minister's Office

The Prime Minister's Office (PMO) wants the Ministry of Finance to reassess the idea of issuing foreign currency overseas sovereign bonds and seek wider consultation from stakeholders, news agency

JSW Steel said a weaker steel market hit by falling global demand and a local slowdown could impact the turnaround time for its newly acquired Monnet Ispat assets, but its chairman played down any substantial impact on financials.

"It might be a little bit affected," Sajjan Jindal, co-chair of India's biggest steel company by local capacity, said

Online applications to obtain a PAN or Permanent Account Number can be made through either of the websites of National Securities Depository Limited (NSDL) and UTI Infrastructure Technology And Services Limited (UTIITSL). Quoting of PAN - a ten-digit a

Domestic stock markets recovered early losses in afternoon trade in a volatile session on Friday. The S-P BSE Sensex index moved in a range of 287.6 points, first touching 37,690.47 - down 140.51 points from the previous close - at the weakest level of the day, and then climbing as much as 287.6 points from that level to touch an intraday high

Tata Motors on Thursday reported that its net loss widened to Rs 3,698.34 crore for the quarter ended June 30 from loss of Rs 1,902.37 crore in the same quarter last year. In a regulatory filing after market hours, Tata Motors said its revenue stood at Rs

Vodafone Idea, the country's largest wireless telecom service provider by subscriber base, reported a net loss of Rs 4,873.9 crore in quarter ended June 30. The telecom major had posted a net profit of Rs 256.5 crore in the corresponding period a year ago. In a regulatory filing after market hours, Vodafone Idea said its revenue from operations

Bajaj Auto on Friday reported a net profit of Rs 1,012.17 crore in the quarter ended June 30. That marked a fall of 2.84 per cent from its net profit of Rs 1,041.78 crore in the corresponding period a year ago. In a regulatory filing during market hours,

India is likely to get above-average rainfall in the next two weeks after receiving below average rains in the past two weeks, a weather department official said on Thursday.

Monsoon rains are crucial for India's farm output and economic growth as about 55 per cent of the country's arable land is reliant on rainfall and agriculture forms