Business

Oil marketing companies increased the prices of petrol and diesel on Monday, which marked a fifth straight day of hike in the fuel rates. With effect from 6 am on Monday, the price of petrol was at Rs. 70.44 per litre in Delhi, Rs. 72.67 per litre in Kolkata,

Air India Executive Pilots Association has written to Chairman and Managing Director Ashwani Lohani, demanding the payment of their arrears amounting to Rs 1,200 crore.

"We are reliably informed that in order to effect the disinvestment process of the company and its subsidiaries, the government of India has sought certain specific

Airlines have introduced new flights and are offering discounts on bookings. IndiGo, the country's largest airline by market share, has announced new domestic flights. Passenger carrier SpiceJet has announced eight direct daily overseas flights from Mumbai and Delhi. Rival

The government is considering giving more powers to the central bank to regulate the struggling shadow banking sector, Finance Minister Nirmala Sitharaman informed Parliament on Monday.

The government does not have any plans to infuse funds in privately-held shadow banks, she said in a written reply.

"Government has received a proposal

India Post or Department of Posts, the postal system of the country, provides a range of services. The Department of Posts offers several savings schemes with different interest rates. Interest rates on post office saving schemes move in line with the

Public Provident Fund (PPF) account, a retirement planning-focused instrument, is considered among the most sought after investment products by financial experts. It is offered by various institutions including India Post and commercial lenders such as

The S-P BSE Sensex and NSE Nifty 50 Indexes snapped their two day losing streak on hopes that the re-elected National Democratic Alliance (NDA) government will announce steps to bolster economic growth in its first Budget which will be presented by Finance Minister Niramala Sitharaman on Friday, July 5. Market participants have host of

With prospective buyers lining up to take a shot at bagging Jet Airways cheap, its prime asset - the flying license - is under the aviation regulator's scrutiny that might derail the NCLT-backed resolution process.

Industry insiders privy to the development say that buyers are waiting for the final word from the regulator which is

Focus on UDAN scheme; reduction or removal of aviation turbine fuel (ATF) tax; a single Goods and Services Tax (GST) rate for hotels and tourism sectors; tax rebates for people; higher allocation for tourism industry and infrastructure status for hotel

Punjab National Bank (PNB) has revised its fixed deposit interest rates on select maturities with effect from Monday, July 1, 2019. State-run PNB has lowered the interest rate applicable to maturity periods such as 7-14 days and 15-29 days, according to the lender's website -- pnbindia.in. The bank is offering an interest rate of 5.5 per cent to

The government will depend heavily on resource mobilisation by selling its stake in public sector banks through the newly launched financial sector ETFs (exchange traded funds).

Government sources said that ETFs have been saviour for government disinvestment plan for the past few years and even in FY20, these exchange trade funds would

The government on Friday reduced interest rates of small savings schemes by 0.1 per cent for the second quarter of the financial year 2019-20, starting from July 1, 2019 and ending on September 30, 2019. However, interest rate on savings account has been retained a

Finance Minister Nirmala Sitharaman is due to present her first Budget in Parliament on July 5. Economists and analysts eye significant measures to address the slowdown in growth and consumption, and prop up job creation. Analysts say some volatility

State-run oil marketing companies hiked petrol and diesel prices on Sunday, marking a fourth straight day of increase in the fuel rates. With effect from 6 am on Sunday, the price of petrol was at Rs. 70.37 per litre in Delhi, Rs. 72.63 per litre

Current account deficit narrowed to just 0.7 per cent of gross domestic product in the fourth quarter of the fiscal year ended March 31, from 1.8 per cent in the year-earlier period as the nation's merchandise trade deficit contracted and its

The S-P BSE Sensex and NSE Nifty 50 Indexes started the Budget week on a positive note with the Sensex rising over 300 points and Nifty reclaiming its crucial psychological level of 11,850. The Union Finance Minister Nirmala Sitharaman will present the

Parliament is likely to start discussions on the general Budget on July 8 while voting on Demands for Grants will be between July 11 and 17 as the Narendra Modi government presents the first Budget of the second term on July 5.

"The tentative dates for

London-based AdiGroup along with Jet Airways Employee Consortium have partnered to bid for 75 per cent stake of Jet Airways under the insolvency resolution process.

At present, the grounded airline is under the insolvency resolution process of the National Company Law

Domestic stock markets started Monday's session on a higher note, with the S-P BSE Sensex index gaining more than 200 points in early trade, amid a positive trend in Asian peers. The Sensex index rose as much as 237.05 points in early deals to 39,631.69, and the NSE Nifty benchmark climbed to 11,855.65,

Weak domestic macros along with low expectations of stimulus measures from the full-Budget 2019-20 will keep the domestic equity markets subdued, say experts.

Conversely, India Inc expects some solid measures and policies from the Budget to

The Telecom Regulatory Authority of India (TRAI) may not go ahead with any reduction in 5G spectrum prices although the Digital Communication Commission had decided to ask the regulator to review the prices.

Sources in TRAI said that a holistic view

Interest rates applicable to select small savings schemes have been revised with effect from July 1. Schemes such as the 15-year Public Provident Fund (PPF), the National Savings Certificate (NSC) and the Kisan Vikas Patra (KVP will yield a 10

Reliance Jio, the telecom company led by Mukesh Ambani, offers prepaid recharge plans with various data benefits. The telecom operator also offers unlimited calling benefits across all its prepaid recharge plans. These plans offer up to 5GB per day data which can be chosen by

The government on Friday reduced interest rate on small savings schemes, including National Savings Certificate (NSC) and PPF, by 0.1 per cent for the July-September quarter. The move is aimed at matching the softening of interest rates in the banking sector since the RBI cut its benchmark policy rate thrice during the year.

Barring

Although the distressed home buyers of Jaypee Infratech Limited (JIL) are urging the government to intervene in the resolution process of the bankrupt realty firm in support of NBCC's bid, the public sector construction major, according to

Housing finance company Reliance Home Finance Ltd on Saturday said the maturity of certain non-convertible debentures (NCD) totalling Rs 400 crore has been extended till October 31.

In a statement issued here, the company said the extension of the maturity date has been done with the formal written consent of the concerned Debenture

Budget 2019 will be announced on July 5 by the country's first full-time woman Finance Minister Nirmala Sitharaman. Equity market participants will closely watch out for announcements for full Budget of the financial year 2019-20. The S-P Sensex and NSE Nifty 50 Indexes corrected

Fund transfer through RTGS and NEFT systems is set to become cheaper from Monday after the Reserve Bank of India decided it will not impose any charges on such transactions. After announcing its decision to waive all charges on fund

IRCTC or Indian Railway Catering and Tourism Corporation, the e-ticketing arm of the Indian Railways, enables the passengers to book train tickets online through its website or mobile app. Passengers booking tickets are

Gold prices declined by Rs 65 to Rs 34,285 per 10 gram in the national capital on Friday on easing demand from jewellers even as the precious metal gained overseas ahead of US-China trade talks, according to the All India Sarafa Association. Globally, gold was trading higher at $1,416.84 an ounce, while silver was quoting lower at