Business

Union minister Ravi Shankar Prasad on Saturday announced that Tata Consultancy Services (TCS) is all set to start a major centre in Patna. The Union IT minister, who also holds Communications and Electronics portfolio, announced it on his Twitter handle after meeting Tata Sons Chairman N Chandrasekaran in New Delhi.

"Chairman of Tata Sons

Oil minister Dharmendra Pradhan expressed concerns about rising crude oil prices to his Saudi Arabian counterpart, Khalid al-Falih, on Friday amid worsening US-Iranian tensions, a government statement said.

Global oil prices rose sharply on fears of a US military attack on Iran that would disrupt flows from the Middle East, which

From a real estate standpoint, the last year was largely spent getting acclimatized to the new policies which ushered better transparency and accountability in the sector. While the government has taken several concrete measures, there is still a long way to go. We hope that the government looks into some of the key concerns raised by the industry

The general Budget in July is likely to give a fillip to the government's telecom projects to make the Prime Minister's vision of Digital India a success. Under the roadmap, the Department of Telecom's (DoT) central sector projects will be

GST (Goods and Services Tax) Council, in its first meeting after the PM Narendra Modi government came back to power, allowed the use of Aadhaar number as proof for obtaining GST registration, reported news agency Press Trust of India (PTI). Easing the

The steel ministry has sought an immediate increase in import duties on finished steel products to 15 per cent from a range of 7.5 per cent to 12.5 per cent, citing a threat from Chinese imports and excess global capacity, an internal

With its plans on consolidation in the insurance sector hitting several hurdles, the government has started exploring different options including de-merging three of its big-size general insurance companies into smaller units and then

Domestic airlines are offering discounts on bookings and have introduced new flights. IndiGo, the country's largest airline by market share, has announced flights on domestic routes. State-run Air India, on the other hand, has announced new flights on both domestic and

Life Insurance Corporation (LIC) of India apart from offering term and endowment insurance plans is also offering pension plans. LIC Jeevan Shanti is one of the pension plans being offered by the country's largest life insurer. LIC Jeevan Shanti plan is a single

From companies building palm-sized satellites to those aiming to propel satellites into space using cleaner fuels, a new wave of space technology start-ups are mushrooming in India, catching the attention of investors keen to join the space race.

Bengaluru-based Bellatrix Aerospace, which wants to propel satellites into orbit using electric

With the Goods and Services Tax (GST) regime stabilizing after a series of rate rationalizations, the focus of the government has now clearly shifted to easing the compliance burden and containing tax evasion.

In its 35th meeting, the GST Council on Friday decided to introduce electronic invoicing system in a phase-wise manner for

Continuing its rising streak for the fourth straight day, gold prices on Friday surged Rs 280 to Rs 34,300 per 10 gram in the bullion market on firm global trend and increased buying from jewellers, according to All India Sarafa Association. Silver too followed suit and advanced by

Ahead of the next month's Union Budget, Prime Minister Narendra Modi on Saturday interacted with economists and industry experts on current economic situation and took note of their suggestions. 

In the interactive session organised by Niti Aayog on 'Economic Policy - The Road Ahead', over 40 economists and other experts participated.    

In a major relief to trade and businesses, the GST Council, in its first meeting after the PM Narendra Modi government came back to power, extended the cut-off date for filing annual returns, by two months, to August 2019.

Easing the enrolment

The S-P BSE Sensex and NSE Nifty 50 Indexes snapped their three day winning streak led by declines in HDFC, Reliance Industries, Tata Consultancy Services, Hindustan Unilever, Maruti Suzuki and Kotak Mahindra Bank. The benchmarks opened on a weak note taking cues from other Asian

Infosys, the global software services major, generated 36 per cent return for shareholders in 2018-19, said a top official here on Saturday.

"We generated 36 per cent total shareholder return for FY19. Besides Rs 10.50 per share (210 per cent) of Rs 5 face value as

Sovereign wealth funds are piling into India, buying stakes in everything from airports to renewable energy, attracted by political stability, a growing middle class and reforms making it more enticing for foreigners to invest.

Wealth and state pension funds are

The UIDAI or Unique Identification Authority of India - the issuer of the 12-digit Unique Identity Number (UID) under the biometrics-based personal identification programme Aadhaar - provides a host of facilities online. Through its "self-service"

"Halwa ceremony", marking the commencement of Budget 2019 printing process, was held in North Block in the national capital today in the presence of the Finance Minister Nirmala Sitharaman. The event assumes significance as once the sweet dish is served, a

The Anil Ambani-led Reliance Capital on Friday said it has redeemed commercial paper (CP) worth Rs 875 crore, while the outstanding on this account is to the tune of Rs 75 crore.

Reliance Capital said in a stock exchange filing that "the Company has redeemed CPs of Rs 875

The S-P BSE Sensex and NSE Nifty 50 Indexes extended losses led by declines in HDFC twins, Reliance Industries, Maruti Suzuki, Larsen - Toubro, Kotak Mahindra Bank and ITC. Earliers in the day, Sensex and Nifty opened on a weak note taking cues from other Asian markets as US-Iran tensions and anxieties over Sino-US trade talks left markets

Country's central think-tank has asked scooter and motorbike manufacturers to draw up a plan to switch to electric vehicles, days after they publicly opposed the government's proposals saying they would disrupt the sector, two sources told Reuters.

Niti Aayog officials met with executives from companies including Bajaj Auto, Hero

Physical gold discounts in India widened to their highest in almost three years this week as local prices surged to record peaks, while Asian hubs, barring China, saw aggressive selling from customers as global bullion rates scaled a 6-year peak.

The price of

The government is working with the Reserve Bank of India as well as private banks to reduce lending rates for exporters, the country's trade minister said on Friday.

Piyush Goyal also told a press conference India saw a "$50 billion"

National Pension System (NPS), a government-sponsored retirement planning instrument, is regulated by the Pension Fund Regulatory and Development Authority (PFRDA). In NPS, a government employee contributes towards pension from monthly salary along with matching contribution from the employer.

A Systematic Investment Plan, or SIP, is a method of investing in mutual funds, wherein an individual can contribute a small amount regularly - on a weekly, monthly or quarterly basis - to build the desired corpus over a period of time. According to financial experts,

Sovereign wealth funds are piling into India, buying stakes in everything from airports to renewable energy, attracted by political stability, a growing middle class and reforms making it more enticing for foreigners to invest.

Wealth and state pension funds are expanding their horizons to private markets, to complement an existing focus on

State Bank of India or SBI, the country's largest lender, offers different variants of credit cards for customer's requirements. From discounts on movie tickets to various reward points, these cards offer variety of benefits with these cards. However, the bank also levies

The rupee dived 14 paise to close at 69.58 against the dollar on Friday, pressured by firming crude oil prices amid intensifying geopolitical tensions in the Gulf region. A broad sell-off in the domestic equity markets also kept sentiment at a low ebb, forex traders said.    

At

Union Finance Minister Nirmala Sitharaman on Friday held a pre-budget meeting with finance ministers of all the states. She is scheduled to present the budget for 2019-20 on July 5. The Economic Survey for the current financial year will be tabled on July 4.

On