Business

Domestic stock markets are set to start the week on a lower note today tracking weakness in global peers, as indicated by the Nifty futures traded on Singapore Exchange. The SGX Nifty futures were last seen trading 63.00 points - or 0.53 per cent - lower at 11,754.50. Equities in other Asian markets were broadly weaker tracking Wall Street which f

SpiceJet has extended its "Monsoon Sale" till July 7, said the airline on microblogging website Twitter. Under the offer, the private carrier is offering domestic and international tickets from Rs. 888 and Rs. 3,499, respectively. SpiceJet's offer is valid for travel till September 25, according to the airline's website, spicejet.com. However, the

Former Finance Minister Arun Jaitley on Saturday said the Budget 2019 lays down the roadmap for India to get back on the high growth track and is based on the premise that economies which follow prudent fiscal policies eventually get rewarded as against

Domestic stock markets started Monday's session on a lower note, extending their losses to a second straight day, amid weakness in global peers. The S-P BSE Sensex index fell as much as 435.23 points to 39,078.16 in

Key macro-economic data points on industrial production and inflation rates along with the commencement of the quarterly result season will determine the movement of equity indices next week, analysts opined.

According to market observers, even the direction

The government on Friday proposed to increase the income tax exemption limit on withdrawal from National Pension System (NPS) to 60 per cent, from the existing 40 per cent. NPS is a government-sponsored retirement planning instrument. In NPS, a government employee contributes

Deutsche Bank plans to cut 18,000 jobs in a sweeping, 7.4-billion-euro overhaul designed to turn around Germany's struggling flagship lender.

The plan represents a major retreat from trading by Deutsche Bank, which for years had tried to

Government may seek more time from market regulator Sebi for public sector enterprises and state-owned banks to comply with changes in the minimum public shareholding norms for listed companies proposed in the budget, Finance Secretary Subhash Chandra

The proposed increase in gold import duty in the Union budget from 10 per cent to 12.5 per cent will "negatively impact" the yellow metal industry in India, stakeholders said on Friday. Jewellers also said rise in import duty may lead to illegal trade

Airlines are offering discounts on bookings and have introduced new flights. Private carrier SpiceJet is offering flight tickets at a starting all-inclusive price of Rs. 888 in a limited-period scheme. The airline has also announced new international flights. On Saturday, GoAir announced the launch of new international flights at a starting

The Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of Rs 3,805 crore ($556 million) in Bhushan Power - Steel Ltd's account to the Reserve Bank of India (RBI).

The fraud, "alleging diversion of funds from the banking

Domestic gold prices in India jumped to a record on Friday following an unexpected increase in import duty in the country's budget, hitting demand and forcing dealers to offer the highest discount in nearly three years.

Dealers in India, the world's second biggest gold

Finance Minister Nirmala Sitharaman on Friday announced that people who do not have PAN (permanent account number) will soon be able to file their ITR (income tax return) just by quoting their Aadhaar number. PAN has so far been mandatory for filing an ITR. Ms Sitharaman, while

Prime Minister Narendra Modi on Saturday said his government's Budget for 2019-20 lays down a roadmap for nearly doubling the size of the Indian economy to $5 trillion in five years by raising per capita income, boosting consumption and increasing

The government on Friday announced a fresh capital infusion of about $10 billion (Rs 70,000 crore) into debt-burdened state banks and credit guarantees to support shadow lenders in a bid to boost lending and revive the economy.

India's

The centre plans a major overhaul of the definition of state-run companies where an entity will continue to qualify as a public sector undertaking (PSU) even if the government holding falls below 51 per cent.

In an interview with IANS, Finance Secretary Subhash Chandra Garg indicated that the government may consider amending laws that

GoAir announced the launch of new international flight connections at a starting all-inclusive price of Rs 8,299, according to the carrier's website - goair.in. The new daily flights introduced by the airline, will be operational on Mumbai-Abu Dhabi,

Aiming to double farmers' income by 2022, the government on Friday said it will invest in a big way in developing infrastructure in both agriculture and allied farm sector, and encourage private entrepreneurs in food processing. Presenting the Budget for the 2019-20 fiscal, Finance Minister Nirmala Sitharaman said the government keeps "gaon,

The taxman will "suo motu" allot a fresh PAN to a person who files I-T returns with only Aadhaar as part of a new arrangement to link the two databases, the CBDT chief said after the Budget proposed that only the biometric ID is enough for tax purposes. The PAN (permanent account number) is "certainly not dead" and the recent Budget

The head of country's income tax policy-making body on Saturday assured the start-up community that all concerns related to 'angel tax' have been "sorted out" and they should now concentrate on their business without worrying about the taxman or I-T notice. Central Board of

The government will initiate privatisation of CPSEs (central public sector enterprises), including Air India, as it sets a record high disinvestment target of Rs 1.05 lakh crore that will see the government lowering its stake in some CPSEs to

The national biometric ID Aadhaar can now be quoted for cash transactions of more than Rs 50,000 and all other purposes where traditionally income tax PAN number was a must, according to a top official. Banks and other institutions will make backend

Government will closely monitor its shadow lending sector, the Finance Minister said on Saturday, a day after announcing the RBI would get much more regulatory authority over non-banking financial companies (NBFCs).

Prime Minister Narendra Modi's

Finance Minister Nirmala Sitharaman today announced few measures aimed at tackling slowing economic growth by giving tax reliefs to corporates and relaxing foreign direct investment norms while taxing the super rich. In the first Budget of Prime Minister

Even as the government envisages to make India a global hub for electric vehicle (EV) manufacturing, sectoral experts cite the need for a sustained effort to accelerate the production and demand growth of the industry in the country.

"The budget proposals will lead to demand activation in the EV space. However, a sustained push is

Petrol prices on Saturday was increased by a minimum Rs 2.40 per litre and diesel by Rs 2.36, a day after Finance Minister Nirmala Sitharaman proposed to raise taxes on the fuels. Petrol price in Delhi was increased by Rs 2.45 per litre to Rs 72.96 while the

Presenting the Budget 2019 in Parliament, Finance Minister Nirmala Sitharaman recalled PM Narendra Modi government's efforts over the past five years to alleviate the tax burden on small and medium income earners. "We have taken several measures in the past to

Finance Secretary Subhash Chandra Garg said increased petrol and diesel prices after the duty hike will have "very marginal impact" on inflation and any worry on that front is immaterial. He also said the government expects Rs 90,000 crore from the Reserve Bank of India (RBI) as dividend during the current fiscal year. Post the rise in

Finance Minister Nirmala Sitharaman in her first Budget made no changes in the income tax structure. However, she announced a slew of new income tax proposals that could impact many tax payers. "We are thankful to the taxpayers who play a major role in nation building by paying their taxes. However, in view

Finance Minister Nirmala Sitharaman raised taxes for the super-rich and hiked duties on fuel, gold and automobile parts in her first Budget on Friday, in measures aimed at tackling a five-year low in growth while