Business

India's manufacturing sector expanded at its quickest pace in three months in May on improved output and new orders, according to a private business survey which also showed a pick up in hiring.

The survey found increased optimism about manufacturing activity over the coming year, probably helped as Prime Minister Narendra Modi scored a

The Chandigarh bench of National Company Law Tribunal (NCLT) has approved the proposed merger of telecom infrastructure companies Bharti Infratel and Indus Towers.

"National Company Law Tribunal (NCLT), Chandigarh Bench, vide its order dated May 31, 2019, has sanctioned the scheme of amalgamation and arrangement between Indus Towers

The Modi 2.0 government in its first Cabinet meeting on Friday approved a new scheme, which assures minimum monthly pension of Rs 3,000 to all shopkeepers, retail traders and self employed persons after attaining the age of 60 years, fulfilling its

Indian equity benchmarks ended at record high levels with the S-P BSE Sensex closing above 40,000 and the NSE Nifty 50 Index ending above 12,000-mark for the first time. The equity markets rose on the hopes of interest rate cut from the Reserve Bank of India after India's economic

Petrol and diesel prices were cut across the metros by oil marketing companies on Sunday. Petrol is priced at Rs. 71.50 per litre in New Delhi, Rs. 73.71 per litre in Kolkata, Rs. 77.16 per litre in Mumbai and Rs. 74.27 per litre in Chennai,

Cabinet on Friday agreed to extend a programme of handing Rs 6,000 ($86) a year to another 2.5 crore farmers of the country, farm minister Narendra Singh Tomar said.

In the interim budget for the 2019/20 fiscal year presented in February, Prime Minister Narendra Modi's last government had started the direct cash support programme for 12 crore poor

Newly-appointed Telecom Minister Ravi Shankar Prasad on Monday said that India will hold spectrum auction for 5G and other bands in the current calendar year. Taking charge of his new ministry, Mr Prasad said that among his priorities will be revival of state-owned MTNL and BSNL. The minister, however, asserted that the telecom

Prospects of cheaper finance along with a liquidity boost from Reserve Bank of India will sustain the uptrend in equity markets during the coming week, analysts opined.

Accordingly, investors are eyeing a move by the RBI to ease key lending rates to bring down

India will announce its full-year budget for the year ending March 2020 on July 5, farm minister Narendra Tomar said on Friday, an event expected to provide a glimpse into the newly formed government's plans for the economy.

Prime Minister Narendra Modi's government stepped up farm support and reduced the tax burden for the middle class

Factory activity contracted in most Asian countries last month as an escalating trade war between Washington and Beijing raised fears of a global economic downturn and heaped pressure on policymakers in the region and beyond to roll out

Country's biggest airline, IndiGo, is close to a decision on engines that could mark a dramatic shift away from Pratt - Whitney towards its French-American rival CFM but a final decision is only expected later in June, according to three people aware of the matter.

In

State Bank of India or SBI's Multi Option Deposit (MOD) account is a type of fixed deposit (FD) account linked to the savings or current account. Unlike in fixed deposits (FDs), which are fully liquidated, an MOD account holder can withdraw in multiples of Rs 1,000 at

Petrol and diesel prices were cut by oil marketing companies on Monday, marking a fifth straight day of reduction in the fuel rates. With effect from 6 am on Monday, the price of petrol was at Rs. 71.30 per litre in New Delhi, Rs. 73.54 per

The Goods and Services Tax (GST) collection for the month of May rose 6.67 per cent to Rs 1,00,289 crore from a year ago period staying above Rs 1 lakh crore in monthly revenue mop-up.

The collection is, however, lower compared to April when

Gold prices on Friday rose Rs 300 to Rs 33,170 per 10 gram in the national capital due to increased buying from jewellers and firm trend overseas, according to the All India Sarafa Association. Tracking gold, silver also gained Rs 150 to Rs 37,550 per kg on increased offtake

Over 6,800 cases of bank fraud involving an unprecedented Rs 71,500 crore have been reported in 2018-19, the Reserve Bank of India has said. A total of 5,916 such cases were reported by banks in 2017-18 involving Rs 41,167.03 crore, the

Department of Posts or India Post, which runs postal services in the country, also offers nine types of small saving schemes. These include the savings account, the five-year recurring deposit (RD), the time deposit or fixed deposit (FD), the Monthly Income Scheme (MIS)

April-June economic growth rate could be "relatively slower", Finance Secretary Subhash Chandra Garg said, after Asia's third largest economy recorded the slowest pace of GDP growth in 17 quarters for the first quarter of 2019.

Mr Garg said that country's growth rate, which has been hit due to weak consumption demand and private

The S-P BSE Sensex and NSE Nifty Indexes surged to record highs led by gains in HDFC, HDFC Bank, Reliance Industries, Tata Consultancy Services, Infosys, Hindustan Unilever and Asian Paints. The Sensex surged as much as 540 points to record high of 40,254 and the NSE Nifty 50 Index climbed 159 points to hit an all-time high of 12,082. Investor

Public Provident Fund or PPF account, offered by various institutions including commercial lenders such as State Bank of India (SBI), is a retirement planning-focused instrument. A PPF account provides an investment avenue with decent returns coupled with

Indian Railway Catering and Tourism Corporation (IRCTC)'s tourism arm, IRCTC Tourism, is offering a four-night and five-day tour to the Andaman and Nicobar Islands from Guwahati. IRCTC Tourism's "Andaman Delights" tour package will begin from August 10, 2019 and

The rupee advanced by 31 paise against the dollar on Monday. After opening higher at 69.48 against the dollar, the rupee gained on Thursday morning to as much as 69.39 against the greenback. Easing of crude oil prices along with weakness in the

IRCTC (Indian Railway Catering and Tourism Corporation) Tourism is offering a tour package of six nights and seven days to Madurai, Rameshwaram and Kanyakumari at a starting price of Rs 14,790, according to IRCTC Tourism's official website, irctctourism.com. This tour will commence

Snapping its three-session losing streak, the rupee on Friday rose by 17 paise to close at 69.70 against the dollar on weakening of the greenback in overseas markets and easing crude oil prices. On a weekly basis, the rupee declined by 34 paise.

At the forex market, the domestic

The International Air Transport Association (IATA) on Sunday downgraded outlook for the global aviation industry's profit to $28 billion from $35.5 billion, forecast in December 2018.

The revised outlook is also lower than the net

Most banks in the country levy certain charges from their customers in case a cheque bounce occurs. Cheque bounce is a 'dishonour of cheque' that happens when the account holder has non-sufficient funds (NSF) in the bank account or if the signatures on the cheque do not match with the original signature of the

Unemployment rate rose to 6.1 per cent in the 2017/18 fiscal year, the statistics ministry said on Friday, matching data earlier leaked to a newspaper that said it was the highest level in at least 45 years.

The data was released a day after Prime Minister Narendra Modi was sworn-in for his second term. 

The unemployment number comes as

State Bank of India (SBI), country's largest lender, offers Pehla Kadam and Pehli Udaan savings accounts for minors. Pehla Kadam and Pehli Udaan accounts are meant for children under the age of 18. Pehla Kadam account can be opened in the name of an

Budget airline SpiceJet Ltd is examining the prospect of taking over widebody jets previously operated by Jet Airways Ltd, but initial studies show they need significant maintenance work, its chairman said on Saturday.

SpiceJet, which operates

Infrastructure output grew 2.6 per cent in April from a year earlier, government data showed on Friday.

Infrastructure output, which comprises eight sectors such as coal, crude oil and electricity, accounts for nearly 40 per cent of country's industrial output.