Business

Sovereign wealth funds are piling into India, buying stakes in everything from airports to renewable energy, attracted by political stability, a growing middle class and reforms making it more enticing for foreigners to invest.

Wealth and state pension funds are

The UIDAI or Unique Identification Authority of India - the issuer of the 12-digit Unique Identity Number (UID) under the biometrics-based personal identification programme Aadhaar - provides a host of facilities online. Through its "self-service"

The S-P 500 index touched an all-time high on Thursday, after the Federal Reserve indicated that it could cut interest rates as early as July to combat growing risks to global and domestic growth.

The U.S. central bank left rates unchanged at the end of its two-day June policy meeting on Wednesday, but pledged to "act as appropriate" to sustain

The Anil Ambani-led Reliance Capital on Friday said it has redeemed commercial paper (CP) worth Rs 875 crore, while the outstanding on this account is to the tune of Rs 75 crore.

Reliance Capital said in a stock exchange filing that "the Company has redeemed CPs of Rs 875

The S-P BSE Sensex and NSE Nifty 50 Indexes extended losses led by declines in HDFC twins, Reliance Industries, Maruti Suzuki, Larsen - Toubro, Kotak Mahindra Bank and ITC. Earliers in the day, Sensex and Nifty opened on a weak note taking cues from other Asian markets as US-Iran tensions and anxieties over Sino-US trade talks left markets

Domestic stock markets started Friday's session on a lower note amid a mixed trend in Asian peers. The S-P BSE Sensex index fell as much as 224.63 points to 39,377.00 and the NSE Nifty moved to 11,768.85, down 62.9

Physical gold discounts in India widened to their highest in almost three years this week as local prices surged to record peaks, while Asian hubs, barring China, saw aggressive selling from customers as global bullion rates scaled a 6-year peak.

The price of

The government is working with the Reserve Bank of India as well as private banks to reduce lending rates for exporters, the country's trade minister said on Friday.

Piyush Goyal also told a press conference India saw a "$50 billion"

With skills needed to succeed changing rapidly, 62 per cent Indian professionals feel daunted by the rapid pace in the requirement of expertise, according to a survey by professional networking platform LinkedIn.

In India, the top three

A Systematic Investment Plan, or SIP, is a method of investing in mutual funds, wherein an individual can contribute a small amount regularly - on a weekly, monthly or quarterly basis - to build the desired corpus over a period of time. According to financial experts,

Sovereign wealth funds are piling into India, buying stakes in everything from airports to renewable energy, attracted by political stability, a growing middle class and reforms making it more enticing for foreigners to invest.

Wealth and state pension funds are expanding their horizons to private markets, to complement an existing focus on

The National Company Law Tribunal (NCLT), country's bankruptcy court, on Thursday accepted an insolvency petition against Jet Airways filed by its creditors as they attempt to recover some of their dues.

The insolvency process will allow

The rupee dived 14 paise to close at 69.58 against the dollar on Friday, pressured by firming crude oil prices amid intensifying geopolitical tensions in the Gulf region. A broad sell-off in the domestic equity markets also kept sentiment at a low ebb, forex traders said.    

At

Union Finance Minister Nirmala Sitharaman on Friday held a pre-budget meeting with finance ministers of all the states. She is scheduled to present the budget for 2019-20 on July 5. The Economic Survey for the current financial year will be tabled on July 4.

On

The rupee on Thursday surged 24 paise to close at a one-week high of Rs 69.44 against the US currency on the back of a rally in equities and losses in the dollar after the US Federal Reserve hinted at a possible rate cut in near future. The rupee rose to a high of 69.35 to the

From a real estate standpoint, the last year was largely spent getting acclimatized to the new policies which ushered better transparency and accountability in the sector. While the government has taken several concrete measures, there is still a long way to go. We hope that the government looks into some of the key concerns raised by the industry

India's start-up industry has very high expectations from the upcoming budget, especially as the industry is at an influx point. The start-up ecosystem has attracted foreign direct investment worth $239 billion in the last five years, and made India the second largest start-up hub in the world. The industry is hopeful that the upcoming budget will

The GST Council will on Friday consider slashing GST rate on electric vehicles to 5 per cent, from 12 per cent currently, along with extension of the tenure of the anti-profiteering authority by a year till November 2020, an official said.

The 35th

The steel ministry has sought an immediate increase in import duties on finished steel products to 15 per cent from a range of 7.5 per cent to 12.5 per cent, citing a threat from Chinese imports and excess global capacity, an internal

Global retail giant Walmart has agreed to pay over $282 million to settle charges of violating US anti-corruption regulations while conducting its business in India, China, Brazil and Mexico.

According to the US Security and Exchange Commission (SEC), these violations were conducted by Walmart's third-party intermediaries who made

India is in talks with the United States on H-1B work visas but has not heard anything official from Washington on capping such permits for Indians, the foreign ministry said on Thursday.

Reuters reported on Wednesday the United States had told India it was

Life Insurance Corporation (LIC) of India apart from offering term and endowment insurance plans is also offering pension plans. LIC Jeevan Shanti is one of the pension plans being offered by the country's largest life insurer. LIC Jeevan Shanti plan is a single

The Donald Trump administration has no plans to cap H-1B work visas for nations that force foreign companies to store data locally, the State Department said on Thursday.

Reuters reported on Wednesday that the United States had told India it was considering restricting the H-1B visa programmes for countries with the data storage

No refund is given by Indian Railways after chart preparation in case of a confirmed online ticket.

Continuing its rising streak for the fourth straight day, gold prices on Friday surged Rs 280 to Rs 34,300 per 10 gram in the bullion market on firm global trend and increased buying from jewellers, according to All India Sarafa Association. Silver too followed suit and advanced by

State Bank of India (SBI), the country's largest lender, provides a range of accounts that are free of its monthly average balance (MAB) restrictions. These accounts - such as SBI's basic savings bank deposit (BSBD) account - can be operated

The Indian economy has been clearly losing traction and needs a decisive monetary policy to promote growth, said Reserve Bank of India Governor Shaktikanta Das while voting for a 25 basis points rate cut along with other five members at the MPC meet earlier this

The S-P BSE Sensex and NSE Nifty 50 Indexes snapped their three day winning streak led by declines in HDFC, Reliance Industries, Tata Consultancy Services, Hindustan Unilever, Maruti Suzuki and Kotak Mahindra Bank. The benchmarks opened on a weak note taking cues from other Asian

IRCTC or Indian Railway Catering and Tourism Corporation's tourism arm, IRCTC Tourism, is offering a five-day and four-night tour package to Sharjah, Dubai and Abu Dhabi from Mumbai at a starting tariff of Rs 50,990 per person on triple occupancy basis. Called "Dazzling Dubai International

The United States' plans to cap H1-B work visas, used by Indian IT firms to send employees there, would imply a "further crunch" for businesses to access skilled workforce, industry lobby group Nasscom said on Thursday.

The United States told