Business

Gold prices rose by Rs 300 to Rs 33,870 per 10 gram in the bullion market on Friday on fresh buying by jewellers and a firm trend overseas, according to the All India Sarafa Association. Tracking gold, silver also surged by Rs 550 to Rs 38,400 per kg on increased offtake by i

The Digital Communications Commissions, the inter-ministerial panel of the Telecom Ministry which is also its highest decision-making authority, has deferred a decision on imposing penalty on Airtel, Vodafone and Idea Cellular for not

Budget 2019: The full-year Budget for 2019-20 will be announced by the government on July 5.

Finance Minister Nirmala Sitharaman will present her maiden Budget on July 5. Among the various demands from the finance minister from different sectors of economy and industries, Delhi-based Assocham has in its Pre-Budget Memorandum demanded that the deductions

Market regulator on Thursday ordered enhanced disclosure norms for credit rating agencies in an effort to increase transparency as the country reels under a slew of rating downgrades and defaults that have roiled debt and equity markets.

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Gold prices held steady at Rs. 33,570 per 10 grams on Thursday, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. However, silver prices fell by Rs 40 to Rs 37,850 per kg. Reduced offtake by industrial units and coin makers at the local spot market led to decline in silver prices, traders were quoted as

From falling economic growth, joblessness, a credit crunch in the aftermath of defaults by IL-FS to weak consumer demand. These are some of the challenges facing the economy. While global factors such as trade wars and crude oil prices continue to loom large, domestic macroeconomic indicators highlight a range of issues that need to be ad

Traders body CAIT on Thursday urged the government to lower GST rates on various products, including auto parts and aluminium utensils.

It also suggested a review of items placed under different tax slabs under Goods and Services Tax (GST) as many of them are overlapping.

"Various items like auto parts, aluminium utensils etc are not of

The S-P BSE Sensex and NSE Nifty 50 Indexes came off intraday low levels to end on a flat note as losses in Yes Bank, IndusInd Bank, Infosys, Reliance Industries and Tata Consultancy Services were offset by gains in HDFC Bank, Kotak Mahindra Bank, HDFC and Axis Bank. Earlier in the day, benchmarks opened lower and extended declines owing to

 New civil aviation minister said on Friday he is confident that problems at grounded Jet Airways will be solved, in the government's first comments on the debt-laden carrier since it was reelected last month.

"(We are) very confident we can solve the problems at the now

Government detected at least 22 violations of auditing standards by Deloitte Haskins - Sells and a KPMG affiliate while investigating a fraud at a financial company, leading it to seek a five-year ban on the auditors, according to government legal filings

The scale of India's market has allowed Google to develop new products in the country and take it to the global level, the internet giant's Indian-American CEO Sundar Pichai has said. Addressing the India Ideas Summit of US India Business Council (USIBC), Mr Pichai also said that India and the US can lead on standardisation of privacy

The S-P BSE Sensex and NSE Nifty 50 Indexes fell for third session in a row led by decline in private sector lenders like Kotak Mahindra Bank, Axis Bank, IndusInd Bank, HDFC Bank and ICICI Bank. The benchmarks opened lower owing to selling pressure in helthcare shares but extended intraday losses after banking, finance telecom and auto sector

Snapping its two-session gaining streak, the rupee dived by 16 paise to close at 69.50 against the dollar on Thursday amid a sharp rise in crude oil prices. Brent crude futures, the global oil benchmark, soared 3.84 per cent to $62.27 per barrel after attacks on two oil tankers in the Gulf of Oman triggered fears of supply disruptions. The

Foreign Direct Investment (FDI) in India grew by 6 per cent to $42 billion last year, according to the UN Conference on Trade and Development (UNCTAD).

"Investment was strong in manufacturing, communication and financial services -- the top three industry recipients," said the UNCTAD World Investment Report 2019 released on Wednesday.

UNCTAD's

Farmers will have to contribute Rs 100 per month under the Pradhan Mantri Kisan Pension Yojana that seeks to provide minimum fixed monthly pension of Rs 3,000 on attainment of 60 years, according to the government. The central government will also contribute an equal amount to the pension fund to be managed by the LIC, which will be responsible

Facebook is buying a stake in e-commerce start-up Meesho, the head of the US tech giant's Indian business said on Thursday, looking to deepen its reach in one of the world's biggest internet markets.

Meesho, a digital platform on which

India's first full-time woman Finance Minister Nirmala Sitharaman will deliver her maiden Budget speech for financial year 2019-20 on July 5. The Budget speech will be closely watched by individuals, corporates, economist, taxpayers and others

Finance Minister Nirmala Sitharaman discussed capital requirements, rising cost of projects and rationalisation of levies with infrastructure sector representatives on Thursday. The finance minister held pre-Budget consultations with stakeholders from the infrastructure sector and experts on climate changes, who made a number of suggestions to the

Indian Railway's western division Western Railway has cancelled 15 trains and short terminated 16 trains in view of cyclone Vayu, IRCTC said on microblogging site Twitter. Considering the alertness for 'Vayu' cyclone over Gujarat, Western Railway has decided

The Anil Ambani-led Reliance Capital Ltd on Thursday termed audit firm Price Waterhouse - Co's (PWC) observations as baseless and unjustified.

In a statement issued here, the company said: "PWC's observations are completely baseless and unjustified. PWC has acted prematurely without even statutory discussions with the Audit Committee."

Ac

The government on Thursday announced a cut in contributions made by employers and employees towards social security and health insurance scheme Employees' State Insurance Corporation (ESIC) to 4 per cent from 6.5 per cent. The move would lead to an

IndiGo on Thursday announced the launch of 12 daily non-stop ATR flight connections at a starting all-inclusive price of Rs 1,499, according to a press release issued by the airline. The new flights introduced by the carrier, will be operated on Kolkata-Gaya, Kolkata-Patna, Kolkata-Varanasi and

Energy giant Adani on Thursday cleared the last regulatory hurdle to commence the work on its controversial Carmichael coal mine project in Australia with the Queensland state authorities approving its groundwater management plan.

The final and last approval for the Adani Group's long-delayed billion dollar mega coal mine project came weeks after a

Weakness in financial, pharma and auto sectors weighed on the markets

Finance Minister Nirmala Sitharaman's pre-Budget consultations with financial and capital market stakeholders on Thursday discussed creation of a dedicated liquidity window for non-banking finance companies (NBFCs) sector, review of interest rates on small

The government has long claimed that India is one of the fastest-growing large economies in the world. That boast was a crucial part of the ruling party's message in the country's recent election campaign - that, under Prime Minister Narendra Modi, the economy was in safe hands. Competence and sincerity as an economic manager is central to the

Domestic airlines are offering discounts on bookings and have introduced new flights. IndiGo, the country's largest airline by market share, has announced flights on both domestic and international routes. GoAir and IndiGo are also offering discounts on flight

State Bank of India does not need any capital from the government, chairman Rajnish Kumar said on Thursday. Mr Kumar was speaking after a meeting with the finance minister for pre-Budget consultations with bankers where capital infusion in public sector banks was discussed.

In March this year, SBI raised Rs 1,251 crore in bonds to boost

Domestic stock markets extended losses to a second day running on Thursday, with the Nifty sliding below the 11,850 mark, amid weakness in Asian peers. The S-P BSE Sensex index fell as much as 228.04 points to 39,528.77, and the NSE Nifty index moved to 11,835.20, down 71 points from the previous close. Weakness in financial and metal sectors