Business

Reliance Industries' subsidiary, Reliance Brands, has acquired 100 per cent stake in the iconic British toy retailer Hamleys, the company said in an exchange notification. "We hereby inform that Reliance Brands Limited, subsidiary of Reliance

Monsoon rains were 20 per cent below average in the week ending on Wednesday, as rainfall was scanty over the central, western and southern parts of the country, the India Meteorological Department (IMD) said, raising concerns over the output of summer-sown crops.

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Gold prices in Delhi fell by Rs 70 per 10 grams to Rs 35,500 per 10 grams on Wednesday, amid low demand from jewellers and weakness in the global markets. With the mild loss on Wednesday, the price of gold in the national capital

Gold prices on Thursday rose by Rs 170 to Rs 35,670 per 10 gram in the national capital, while silver zoomed Rs 910 to Rs 41,100 per kg on positive overseas trend and fresh buying by industrial units and coin makers, according to the All India Sarafa Association. Despite

Need to apply for a PAN or Permanent Account Number? A PAN card application can be made using either the form 49A or the form 49AA. While the PAN application form 49A is meant to be filed by Indian citizens, the PAN application form 49AA is meant for foreign citizens, according to Income Tax Department's website - incometaxindia.gov.in. An

Strides Pharma Science shares fell more than 8 per cent on Wednesday, after the US drug regulator - the US Food and Drug Administration (US FDA) - issued a warning letter to the company for violating its current good manufacturing practice (CGMP) regulations. On the

The S-P BSE Sensex and NSE Nifty 50 Indexes snapped their three day winning streak paced by losses in Yes Bank, Tata Motors, Reliance Industries, Tata Consultancy Services and State Bank of India. The equity benchmarks opened lower in today's session owing to weakness in auto, energy and consumer durable shares. But extended declines in last

Domestic stock markets started Thursday's session on a lower note, breaking a three-day winning run, tracking weakness in Asian peers. The S-P BSE Sensex fell as much as 127.88 points to 39,087.76 in early trade, and

In a significant move, the government on Wednesday cleared seven amendments to the insolvency law that seeks to put in place a 330-day deadline for corporate resolution process, including litigation and other judicial processes, as well as make resolution plan binding on all stakeholders.

Experts said the changes would help in clearing various road

Finance Minister Nirmala Sitharaman said on Thursday that seven legislations under indirect taxation are being amended to ensure greater simplicity, as she moved the Finance Bill in the Lok Sabha.

She told the lower house of Parliament

Domestic equity markets are likely to open on a lower note on Thursday, 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 23.00 points - or 0.20 per cent - lower at 11,650.50. The SGX Nifty, traded on the Singapore Exchange, is a

Yes Bank on Wednesday reported a net profit of Rs 113.76 crore for the April-June quarter, missing analysts' estimates. That marked a fall of 91 per cent compared with its profit of Rs 1,260.36 crore reported for the corresponding

Fast moving consumer goods (FMCG) major Colgate-Palmolive on Thursday said that its net profit in the April-June period declined 10.76 per cent to Rs 169.11 crore from Rs 189.51 crore during the same quarter last year. Despite, the decline in net profit,

Income tax rules make it compulsory for certain individuals and entities to obtain a PAN or Permanent Account Number. PAN - a 10-digit alphanumeric identification number - is issued by the Income Tax Department to assessees, including

Wipro, the country's third largest software services company, on Wednesday reported a net profit of Rs 2,387.6 crore for the quarter ended June 30. That marked a decrease of 3.86 per cent compared to its net

The rupee opened higher and moved in a range of 17 paise against the US dollar on Thursday. After opening on a strong note at 68.76 against the dollar, the rupee moved between 68.72 and 68.89 against the greenback during the session at the day's strongest and

Allahabad Bank on Wednesday reported a Rs 689 crore ($100.1 million) fraud related to textile company SEL Manufacturing to the Reserve Bank of India.

The fraud is already being heard by the country's company law tribunal, the bank said in a statement, adding that it has made provisions for the bad loan.

Earlier this month, Allahabad Bank had flagged

The S-P BSE Sensex and NSE Nifty 50 Indexes rose for a third session in a row led by gains in banking and FMCG heavyweights like Kotak Mahindra Bank, State Bank of India, HDFC Bank HDFC and Hindustan Unilever. However, the upside in equity benchmarks was capped as Reliance Industries, Axis Bank and Maruti Suzuki ended on weak note. The Sensex

Netflix Inc said on Wednesday it would roll out a lower-priced mobile-only plan in India within the next three months to tap into a price-sensitive market at a time the streaming company is losing customers in its home turf.

India is among the last big growth

Bill Gates has never ranked lower than No. 2 in the seven-year history of the Bloomberg Billionaires Index. That run ended Tuesday when the Microsoft Corp. co-founder dropped to No. 3 behind France's Bernard Arnault. 

LVMH, Arnault's luxury-goods maker, advanced to a record Tuesday and pushed his net worth to $107.6 billion and ahead of Gates by

S-P BSE Sensex and NSE Nifty 50 Indexes were little changed as gains in HDFC, Kotak Mahindra Bank, Larsen - Toubro and Bajaj Finance were offset by losses in Infosys, Hindustan Unilever, Tata Motors and Sun Pharma. The S-P BSE Sensex swung in a range of a little over 100 points hitting high of 39,188.73 and a low of 39,081.14 while the

At last, India's in-court bankruptcies will show some urgency and common sense.

On Wednesday, the government said it would amend the 2016 insolvency law, a signature reform of Prime Minister Narendra Modi's first term. Investors will cheer.

The legislation was getting mired in frustrating legal delays and bizarre judgments, threatening to scare off

State-run Punjab - Sind Bank (PSB) said on Wednesday it has reported a Rs 238 crore ($34.58 million) fraud to the country's central bank, relating to allegations of diversion of funds by the indebted Bhushan Power - Steel.

Earlier this month, Punjab National Bank (PNB) said it had reported a borrowing fraud of Rs 3,805 crore in

In order to ease tax compliance, the Income Tax department has introduced pre-filled Income Tax Return (ITR) forms for certain class of taxpayers. There are seven ITR forms available to file returns, out of which four are currently available in pre-filled

Yes Bank shares plunged nearly 20 per cent on Thursday, a day after the private sector lender reported its earnings for the April-June period. In a regulatory filing after market hours on Wednesday, Yes Bank reported a 91 per cent fall in its net profit to Rs

The Union Budget for 2019-20 ensures strong vigilance and short-term liquidity for non-bank finance companies (NBFCs) as well as housing finance companies (HFCs), credit ratings agency India Ratings and Research said on Wednesday. Accordingly, the

SBI or State Bank of India, the country's largest bank, offers savings plus account, which is a savings bank account linked to MODS (multi option deposit scheme). In SBI's savings plus account, the surplus fund above a threshold limit from the

Wipro shares rose more than 3 per cent on Thursday, a day after the IT major reported its earnings for the April-June period. Wipro, the country's third largest IT services exporter, reported a net profit of Rs 2,387.6 crore for the quarter ended June 30 after market hours on Wednesday. The net profit was down 3.86 per cent on a sequential basis,

The rupee ended 11 paise lower against the US dollar on Wednesday, after hovering in a range of 25 paise against the greenback during the session. The rupee moved between 68.63 and 68.88 against the US currency at the strongest and weakest levels in intraday trade, before settling at 68.82 for the day. Rising crude oil prices and foreign fund

Indian equity benchmarks are set to open marginally lower as indicated by the Nifty futures traded on the Singapore Exchange. The Singapore Nifty also known as SGX Nifty was last seen trading 14 points or 0.12 per cent lower at 11,632. Meanwhile, other Asian markets also