Business

The government is in talks with foreign lenders to provide as much as $14.5 billion in credit to millions of its small firms, two officials said, in a sign the country's banking system may not be robust enough to do the job on its own.

The

RBL Bank on Friday reported a net profit of Rs 267.05 crore for the April-June period. That marked a rise of 40.52 per cent from its net profit of Rs 190.04 crore in the corresponding period a year ago. In a regulatory filing, the private sector bank

Domestic stock markets gave up early gains on Friday amid weakness in auto stocks, despite advances in Asian peers. The S-P BSE Sensex index fell as much as 441.99 points from its intraday high of 39,058.73 it touched in early

Reliance Jio Infocomm's net profit in June quarter rose 45.6 per cent to Rs 891 crore from Rs 612 crore during the same quarter last year, the company said in a statement. Revenue of the telecom arm of Reliance Industries came in at Rs. 11,679 crore, up 44 per cent from Rs 8,109 crore it had reported during the same period last year.

The average

GoAir has announced the launch of new flights on international routes. GoAir announced daily direct flights on Mumbai-Bangkok-Mumbai, Delhi-Bangkok-Delhi according to the private airline's official website, goair.in. The airline is offering flight tickets to

Domestic stock markets started Friday's session on a strong note amid buying across sectors, tracking gains in Asian peers. The S-P BSE Sensex index rose as much as 161.27 points to touch 39,058.73 in early trade, and the NSE Nifty benchmark climbed to 11,640.35, up 43.45 points from the previous close. Advances in financials, IT, metal and

Reliance Industries net profit rose 6.8 per cent to Rs 10,104 crore in June quarter compared with profit of Rs 9,459 crore a year earlier, the company said in a stock exchange filing. Its revenue from operations advanced 21.25 per cent to Rs. 1,61,349

The government slashed interest rate on General Provident Fund (GPF) by 10 basis points or 0.1 per cent to 7.9 per cent. The revised rate is applicable for quarter ending on September 30, Department of Economic Affairs' said in a statement. A government

Indian Railway Tourism Corporation's (IRCTC) tourism arm - IRCTC Tourism - is offering a five nights and six days tour package to Russia. Named as 'Majestic Russia' tour package by IRCTC Tourism, the package includes stay at four star hotels in Russia, return air

Gaining for the second straight day, gold prices in Delhi jumped by Rs 280 to Rs 35,950 per 10 grams on Friday, reported news agency Press Trust of India (PTI). Gold prices had gained by Rs. 170 on Thursday. Meanwhile, silver also rose by Rs 935 to Rs 42,035 per kilogram. The

Hospitality start-up Oyo Founder Ritesh Agarwal raised his stake in the company with a $2 billion buyback, in a move that will bring his ownership closer to biggest investor SoftBank Corp.

The fresh investment round will take Mr Agarwal's stake to around 30 per cent from 10 per cent, a source familiar with the development said.

Japan's SoftBank owns

Domestic equity markets are likely to open on a higher note on Friday, as indicated by the SGX Nifty futures traded on the Singapore Exchange. Ahead of the opening of the capital markets in India, the SGX Nifty futures were last seen trading 36.50 points - or 0.31 per cent - higher at 11,638.50. The Singapore Exchange Nifty futures are an early in

Indian banks' loans rose 12 per cent in the two weeks ended July 5 from a year earlier, while deposits rose 10.3 per cent, the Reserve Bank of India's weekly statistical supplement showed on Friday.

Outstanding loans rose Rs 48,780 crore ($7.09 billion) to Rs 96.98 lakh crore in the two weeks ended July 5. Non-food credit rose Rs 49,430

The S-P BSE Sensex and NSE Nifty extended declines paced by losses in HDFC, Bajaj Finance, ICICI Bank, Infosys, Reliance Industries, HDFC Bank and ITC. The Sensex fell as much as 542 points to hit intraday low of 38,356 and the NSE Nifty 50 Index broke below important psychological level of 11,450. Earlier in the day, Sensex and Nifty opened

The Securities and Exchange Board of India (SEBI) proposed on Thursday ramping up disclosure for auditors of listed companies, after a number of firms abruptly resigned from audit assignments without citing sufficient reasons, leaving investors in the

Did you know you can invest in gold without having to buy the yellow metal in physical form? The government-run Sovereign Gold Bond scheme is one such scheme, wherein the bonds are denominated in the multiple of one gram of gold. The Sovereign Gold Bond or

Employees' Provident Fund (EPF) or PF account, Public Provident Fund (PPF) account and General Provident Fund (GPF) account are three major provident fund accounts available in the country. In these provident fund accounts, a subscriber invests a part

PAN or Permanent Account Number, a 10-digit alphanumeric identification number, is issued by the Income Tax Department. PAN can be used forfiling an income tax return (ITR), through which the particulars of an assessee's income are communicated to the

Interglobe Aviation Ltd, which operates the country's top airline IndiGo, on Friday reported its highest-ever quarterly profit after tax in the June quarter, as the collapse of Jet Airways diverted passengers to other low-cost carriers.

The company and its peer SpiceJet have both seen a surge in passenger growth, after Jet Airways, once

Reliance Industries Ltd's telecom unit Jio pipped rival Bharti Airtel to become India's second-largest operator by subscribers as of May, government data showed.

Jio, controlled by Asia's richest man Mukesh Ambani, has disrupted the telecom industry in the country since it was launched in 2016, offering cheap bundles and prompting

Finance minister Nirmala Sitharaman on Thursday said that foreign portfolio investors (FPIs) can register as companies to avoid the new tax surcharge structure, reported news agency Reuters. The new tax surcharge was imposed on individual tax payers as well as trusts in

State Bank of India, the country's largest lender, allows its customers to withdraw cash from its large network Automatic Teller Machines (ATM), SBI noted on its website- sbi.co.in. State Bank of India has a network of over 50,000 ATMs across India and allows

One can apply for a PAN or Permanent Account Number card using either of the forms 49A and 49AA. While the form 49A is meant for applicants who are Indian citizens, the form 49AA is to be used by foreign nationals. The applicant is also required to

Passenger carrier IndiGo has introduced new international flights at a starting all-inclusive price of Rs 8,499. The newly introduced non-stop flights will be operational on Mumbai-Singapore and Mumbai-Bangkok routes, starting from August 22, 2019, the airline said in a press release. These new

Individuals who earn a specified amount of annual income are required to file income tax return (ITR) within a pre-determined due date. For the assessment year 2019-20 (financial year 2018-19), July 31, 2019 is the deadline for individuals to file income tax return, the Income Tax Department mentioned on its official website-

The S-P BSE Sensex and NSE Nifty 50 Indexes extended yesterday's declines and were trading with a negative bias weighed down by selling pressure in HDFC, Bajaj Finance, Infosys, State Bank of India, Larsen - Toubro and ICICI Bank. The Sensex

The rupee depreciated by 15 paise to close at 68.97 against the dollar on Thursday, amid heavy selling in domestic equities and rising crude oil prices.  The rupee opened on a positive note but failed to sustain the gains and settled for the day in the negative territory. This is the

The S-P BSE Sensex and NSE Nifty 50 Indexes witnessed a sharp selloff in today's session and fell close at their worst levels since mid-May as the investor sentiment was hurt after the Finance Bill for current financial year was passed in the parliament on Thursday without any amendments. Passing of Finance Bill without amendments meant that

UIDAI or Unique Identification Authority of India, which issues the 12-digit unique ID or Aadhaar number and Aadhaar card, provides a wide range of services online through its "self-service" portal - ssup.uidai.gov.in. One such online facility enables subscribers to make

India's consumer goods industry is losing steam as spending in the country's rural heartland cools and small manufacturers lose competitive advantages in a slowing economy, market research firm Nielsen said on Thursday.

Volume growth in India's