Business

Fiscal deficit in April stood at Rs 1.57 lakh crore ($22.52 billion), or 22.3 per cent of the budgeted target for the current fiscal year, government data showed on Friday.

Net tax receipts in the first month of the fiscal year were Rs 71,637 crore, while total expenditure was Rs 2.55 lakh crore, government data showed.

The government has

Recurring Deposit (RD), a kind of investment plan, is offered by commercial banks, small finance banks and post offices. In an RD account, investor can invest fixed amount of funds at regular intervals. For setting up a recurring deposit (RD) account, he/she can choose from a variety of terms - or maturity period. For example- the maturity period

India and Australia have been islands of resilience in Asia this month, eking out positive returns as trade tensions re-ignited between the U.S. and China.

The S-P BSE Sensex Index and S-P/ASX 200 Index are the best-performing benchmarks in the

The slowdown may lead to another rate cut by the RBI in its June policy review, say economists

SBI or State Bank of India - the country's largest bank - is a member of multiple payments systems. From National Electronic Funds Transfer (NEFT) to Immediate Payment Service (IMPS) and Real-Time Gross Settlement (RTGS), SBI customers can remit funds

Domestic stock markets started Wednesday's session on a lacklustre note, with the benchmark Nifty index giving up the 11,900 level, tracking weakness in Asian peers. The S-P BSE Sensex declined as much as 113.55 points to 39,636.18 in early trade, and the NSE Nifty index moved to 11,896.45, down 32.3 points from the previous close. Losses in

S-P BSE Sensex and NSE Nifty 50 Indexes ended lower after surging close to record high levels earlier in the day. Investors booked profits in today's session ahead of release of GDP data for last quarter of financial year 2018-19 due after market hours today, analysts said. Earlier in

The S-P BSE Sensex and NSE Nifty 50 Indexes resumed their record breaking spree after a day's pause in the previous session. Rally in today's session was fuelled by gains in HDFC, Reliance Industries, HDFC Bank, Tata Consultancy Services and ICICI

Bharti Airtel Ltd. is planning a share sale for its Africa unit in London as part of a push by the wireless operator to cut a debt load that's ballooned to more than $16 billion.

The initial public offering by Airtel Africa Ltd. would comprise new shares and the sale would seek a free float of at least 25 per cent, the company said in a filing on

Prime Minister Narendra Modi on Friday named Nirmala Sitharaman, previously the country's defence minister, as the next finance minister, while Amit Shah will become home minister.

COMMENTARY

AJAY BODKE, CEO-PMS, PRABHUDAS LILLADHER, MUMBAI

"Nirmala Sitharaman is eminently qualified to steer India's economy, which is

India probably lost its spot as the fastest growing major economy to China in the January-March quarter as a chill in domestic and global consumer demand hit manufacturers and service providers.

The slowing economy didn't stop voters giving Prime

Indian Railways Catering and Tourism Corporation (IRCTC) offers a variety of international and domestic tour packages. These tour packages can be booked online through the website of IRCTC's tourism arm, IRCTC Tourism (www.irctctourism.com). Among the various tour

The rupee witnessed high volatility in the forex market on Friday following the allocation of key portfolios in the newly elected government. In the opening trade on Friday, the rupee had appreciated by 15 paise to 69.72 against the dollar, driven by positive opening in

Indian Railway Catering and Tourism Corporation (IRCTC) offers a range of domestic and international tour packages. Among its international tours, IRCTC Tourism is operating a cruise package - called "Norwegian Getaway Cruise" - at Rs 3.16 lakh

Timings for fund transfer through RTGS have been extended by one-and-a-half hours to 6 pm for the general public from June 1, the Reserve Bank of India said on Tuesday. Under Real Time Gross Settlement (RTGS) System, there is a continuous and real-time settlement of

The S-P BSE Sensex and NSE Nifty 50 Indexes nosedived from near all-time high levels in noon deals on the back of sharp selloff in banking, energy and financial heavyweights like HDFC Bank, ICICI Bank, Kotak Mahindra Bank, State Bank of India, HDFC and Reliance

India Post under the Department of Posts provides a range of banking and remittance services. With a network of more than 1.5 lakh post offices across the country, India Post offers nine savings schemes in designated post offices. The interest rates applicable to these small savings schemes - such as the Post Office National Savings Certificates -

The government proposes to bring down its holding in state-owned banks by launching an exclusive PSU Banks ETF (Exchange Traded Fund), sometime at the end of the third quarter period of the current financial year, sources said.

Official sources said that a proposal

Beleaguered tycoon Anil Ambani is in talks to sell his group's general insurance unit to a shadow lender, people familiar with the matter said, as he seeks to reduce debt.

Reliance Capital Ltd., controlled by Mr Ambani, is discussing the contours of

The S-P BSE Sensex and NSE Nifty 50 Indexes came off intraday low levels as gains in bluechip stocks like Tata Consultancy Services (TCS), Infosys, Reliance Industries, ITC and HDFC Bank were offset by losses in ICICI Bank, State Bank of India,

Electric scooter maker Ather Energy raised $51 million in a fresh round of funding, the startup said on Tuesday, at a time when rising pollution levels have prompted the government to push for more electric vehicles on the road.

Earlier

Buying across sectors - primarily state-run banks, auto and energy stocks - led the upmove.

Boeing Co. has told one of the biggest 737 Max buyers, budget carrier SpiceJet Ltd., that the grounded jet should be back in the air by July, signaling a quicker return for the plane than many in the industry expect.

"The timeline that's been communicated to us based on their experience is July -- end of June basically," SpiceJet's Chief Financial

State Bank of India, the country's largest lender, offers a host of schemes under its personal banking portfolio. One such scheme offered by SBI is Savings Plus Account, which is a savings bank account linked to MODS (multi option deposit

Axis Bank revised its fixed deposit interest rates on select maturities with effect from Wednesday, according to the private sector lender's website. A fixed deposit (FDs) is a financial instrument which offers guaranteed return. Unlike stocks and mutual funds,

RTGS or real-time gross settlement is a payments system in which transactions - or wire transfers - are processed continuously throughout applicable business hours. Contrary to NEFT or national electronic funds transfer, in which the transactions received up to a

General Provident Fund (GPF), a type of provident fund account, is available only for government employees. Interest rates on GPF are revised as per the government's notifications issued from time to time. At present GPF fetches an interest rate of 8 per c

State-run Coal India Ltd (CIL) on Thursday reported a whopping over 362 per cent increase in its consolidated net profit for the fourth quarter of 2018-19 ended March at Rs 6,024.23 crore, as compared to Rs 1,302.63 crore in the year-ago period.

Its revenue from

The Reserve Bank of India (RBI) will cut interest rates at a third consecutive meeting in June, according to a Reuters poll of economists who were split over whether it should.

Under Governor Shaktikanta Das, who took over as RBI governor from Urjit Patel in

The rupee on Tuesday declined by 18 paise to close at 69.69 against the US currency, weighed down by month-end dollar demand from importers and rising crude oil prices. Forex traders said that weakened Asian currencies also added to the pressure on the domestic unit. However,