Business

DHFL news: DHFL said it has met its financial obligations worth Rs. 40,000 crore since September 2018

Dewan Housing Finance Corporation Ltd or DHFL shares fell more than 18 per cent on Thursday, a day after credit ratings agencies ICRA and Crisil downgraded its commercial papers. The downgrade of DHFL's

Details
Category: Business

Write comment (94 Comments)

GOQii's dispute with Flipkart centres around two of its wearables devices.

An Indian startup's legal challenge against a Walmart unit claiming losses caused by sharp discounting of its products is winning support from other online sellers, in what is shaping as a key test of how the giant retailer operates in the country.

The legal tussle between

Details
Category: Business

Write comment (92 Comments)

IRCTC Tourism package: The journey from Hyderabad to Kuala Lumpur will be via Malaysia Airlines.

IRCTC Tourism is offering a tour package to Singapore and Malaysia at a starting tariff of Rs. 76,000 per person. The five-night and six-day tour will cover destinations such as Singapore and Kuala Lumpur, according to IRCTC Tourism's website,

Details
Category: Business

Write comment (93 Comments)

Domestic stock markets started Thursday's session on a lower note, ahead of the release of the central bank's second bi-monthly policy statement. The S-P BSE Sensex fell as much as 153.55 points to 39,929.99, and the NSE Nifty index declined to 11,954.95, down 66.7 points from the previous close. Weakness in financial and energy stocks dragged

Details
Category: Business

Write comment (96 Comments)

New Delhi: 

Gold imports in May jumped 49 per cent from a year earlier to 116 tonnes as a correction in local prices during a key festival boosted retail demand, a government source said on Tuesday.

Higher gold imports by India, the world's second-biggest consumer of the precious metal, could support global prices that are trading near their highest

Details
Category: Business

Write comment (100 Comments)

The NSE Nifty index had closed above the 12,000 mark for the first time on Monday

Domestic stock markets started Tuesday's session on a lower note, retreating from record levels, tracking declines in Asian peers. The S-P BSE Sensex index fell as much as 137.62 points to 40,130.00 in early trade and the

Details
Category: Business

Write comment (96 Comments)

Forex traders said foreign fund outflows and rising crude oil prices kept pressure on the rupee

Mumbai: 

The rupee declined by 19 paise to 69.45 against the US dollar in early trade on Thursday, ahead of the Reserve Bank of India's monetary policy decision. Forex traders said foreign fund outflows and rising crude oil prices kept pressure on the

Details
Category: Business

Write comment (93 Comments)

Currently, IndiGo has a fleet of over 200 aircraft.

IndiGo on Tuesday announced the addition of international flights at a starting all-inclusive price of Rs 6,999. The new non-stop daily flights will be operated on Mumbai-Dammam and Chennai-Kuala Lumpur routes, the airline said in a press release. The new flights between Mumbai and Damman will be

Details
Category: Business

Write comment (98 Comments)

Oil steadied after plunging 10 per cent in four days as investors weighed the prospect of a sharp slowdown in global economic growth due to trade frictions against Saudi Arabia's pledge to maintain market stability.

Futures in New York were little changed after falling as much as 0.7 per cent earlier. JPMorgan Chase - Co. said Monday the chance

Details
Category: Business

Write comment (97 Comments)

The Monetary Policy Committee is headed by Reserve Bank of India Governor Shaktikanta Das

The Monetary Policy Committee, headed by RBI Governor Shaktikanta Das, will conclude its second bi-monthly review of the current financial year today. While many analysts expect the six-member panel to decide on a

Details
Category: Business

Write comment (94 Comments)

Thirteen of 19 sector gauges compiled by BSE ended lower led.

The S-P BSE Sensex and NSE Nifty 50 indexes came off record high levels tested in yesterday's session ahead of Reserve Bank of India's monetary policy decision due on Thursday. Meanwhile, weakness in equities globally also weighed on investor sentiment domestically. Tata Consultancy

Details
Category: Business

Write comment (99 Comments)

The RBI's six-member monetary policy committee (MPC) can draw comfort from subdued inflation

Mumbai: 

A worrying slowdown in India's economy makes a cut in the central bank's benchmark interest rate highly likely this week, but analysts say policymakers should also find ways to boost banks' liquidity to ensure they drop their lending rates too.

Beginn

Details
Category: Business

Write comment (93 Comments)

Ratings agencies ICRA and Crisil downgraded Dewan Housing Finance Corp Ltd's (DHFL) commercial paper to their lowest ratings on Wednesday after the lender missed certain payments on bonds due this week.

This was Crisil's fifth rating cut on the company's paper this year and ICRA's fourth, highlighting the problems in shadow banking sector that has

Details
Category: Business

Write comment (94 Comments)

Latest Railway Jobs: Candidates applying for job must be in the age group of 18-28 years.

Indian Railway has opened recruitment for its southern unit. Hiring has opened for executive assistants, data entry operators and digital office assistants on a full-time contract basis, according to a notification by the Southern Railway, an arm of the Indian

Details
Category: Business

Write comment (100 Comments)

New Delhi: 

In a latest advisory issued on Monday, private weather forecaster Skymet has said that this year the country's southern and central states might witness late and weak monsoon.

According to Skymet, farmers in South and Central India should postpone the sowing of kharif crops to at least the second week of June. 

In the advisory shared with

Details
Category: Business

Write comment (92 Comments)

Reliance Jio offers 5 prepaid plans for JioPhone priced at Rs. 49, Rs. 99, Rs. 153, Rs. 297 and Rs. 594

Reliance Jio has announced a flash sale for its 4G-enabled feature phone, JioPhone 2. The flash sale for JioPhone 2 will begin at 12:00 pm on Thursday, June 6, according to the telecom operator's official website - jio.com. JioPhone 2 will be

Details
Category: Business

Write comment (93 Comments)

You can now request wire or electronic fund transfers through the RTGS or Real-Time Gross Settlement payments system for 90 additional minutes every day. The Reserve Bank of India (RBI) - which maintains the RTGS payments network - last month announced its decision to extend the timings for customer transactions in RTGS. The new timings - from

Details
Category: Business

Write comment (90 Comments)

GoAir is offering domestic flight tickets starting at Rs. 1,399 in a limited-period offer. Bookings under the sale, which is valid for travel till July 31, 2019, can be made till June 5, according to the private airline's official website, goair.in. Under the offer, the cheapest flight ticket is on the Bagdogra-Guwahati route, starting at Rs.

Details
Category: Business

Write comment (100 Comments)

The RBI has already cut rates twice, by 25 bps each time, during the year to support growth

Mumbai: 

With GDP growth touching a five-year low, the RBI may go for a 35 basis points cut in benchmark policy rates at its bi-monthly Monetary Policy Committee's rate review meeting starting from Wednesday. One basis point is equivalent to 0.01 per cent or

Details
Category: Business

Write comment (96 Comments)

The interest rates on FDs vary according to the tenor of a fixed deposit.

Fixed deposit (FDs) are secure investment instruments offered by private and public sector banks, small finance banks, non-banking financial companies (NBFCs) and post offices. The funds in these accounts are held for a fixed term, has a specified date of maturity and offer

Details
Category: Business

Write comment (99 Comments)

Jio prepaid recharge options: Recharge plans for usage of 1.5 GB of data per day starts at Rs 149.

Reliance Jio Infocomm, which offers telecom services under the brand name Jio, is offering various recharge plans for usage of 1.5 GB of internet data per day to 5 GB of internet data per day. Reliance Jio is currently offering 12 different recharge

Details
Category: Business

Write comment (90 Comments)

The FIIs have bought equities worth Rs 85,040.63 crore between May 20 and June 3.

Mumbai: 

The Indian market has been a favourite spot for the FIIs (foreign institutional investors) ever since the exit polls were announced ushering in the formation of a government led by Prime Minister Narendra Modi. The FIIs have bought equities worth Rs 85,040.63

Details
Category: Business

Write comment (90 Comments)

IRCTC guidelines: Boarding station change is not allowed for the tickets booked with VIKALP option.

Indian Railway Catering and Tourism Corporation (IRCTC), the online ticketing arm of the Indian Railways, allows its users to change the boarding station ahead of their planned train journey, IRCTC noted on its website irctc.co.in. Apart from

Details
Category: Business

Write comment (94 Comments)

CII urged the government to cut the corporate tax rate to 25% from the current range above 30%

New Delhi: 

The Confederation of Indian Industry (CII) urged the government on Monday to cut the corporate tax rate to 25 per cent from the current range above 30 per cent when its budget for the year ending March 31, 2020 is presented next month. It also

Details
Category: Business

Write comment (95 Comments)

The maturity period of the Senior Citizen Savings Scheme is five years.

India Post or Department of Posts, which runs the postal network of the country, offers several savings schemes with different interest rates. Senior Citizen Savings Scheme (SCSS) is one of the nine small savings schemes offered by post office. The minimum amount required to

Details
Category: Business

Write comment (91 Comments)

UIDAI Aadhaar online services: The UIDAI provides a range of services to Aadhaar applicants and holders

You can only download a digital copy of your Aadhaar card using your registered mobile number. The UIDAI or Unique Identification Authority of India enables Aadhaar holders to download a digital copy of the Aadhaar card using their registered

Details
Category: Business

Write comment (100 Comments)

The rupee had on Friday settled at 69.70 against the US dollar

The rupee rose against the US dollar for a second straight day on hopes of a rate cut by the Reserve Bank of India. The rupee climbed by 44 paise or 0.6 per cent to end at 69.26 against the greenback on Monday, news agency Press Trust of India

Details
Category: Business

Write comment (98 Comments)

The debt crisis at IL-FS came to light following a series of defaults by its group companies

The Supreme Court on Tuesday allowed reopening of Infrastructure Leasing - Financial Services (IL-FS) accounts for the last five years. The move by the top court comes as a setback for Hari Sankaran, the former IL-FS managing director, who

Details
Category: Business

Write comment (100 Comments)

The Reserve Bank of India has come a long way from the days when monetary policy statements would average 13,000 words.

That's more than the average length of a Masters thesis in economics and was before the adoption of inflation targeting in 2016. Since then, the central bank has become briefer and less complex in its policy communication,

Details
Category: Business

Write comment (90 Comments)

LPG rate today: The revision marks the fourth consecutive month of increase in LPG prices

LPG or liquefied petroleum gas prices were hiked up to 3.65 per cent this month. The revision marks the fourth consecutive month of increase in LPG prices. The price of non-subsidised LPG - or cooking gas - in Delhi was increased to Rs 737.50 per cylinder (1

Details
Category: Business

Write comment (91 Comments)