Business

SpiceJet on Thursday announced the launch of new flights on domestic and international routes. SpiceJet announced a daily direct flight on Mumbai-Jeddah-Mumbai sector and six new flights connecting Mumbai, according to a press release shared by the private sector airline. The new flights to Jeddah will start from July 5 and the domestic flights

Investors in India are bracing for an extreme event risk next week: Prime Minister Narendra Modi failing to retain power.

The optimistic tone for the nation's assets has fizzled out as the trade impasse combines with concern about PM Modi's ability to

Domestic stock markets rose on Thursday to recover some of the recent losses shrugging off early weakness. The S-P BSE Sensex rose 278.60 points - or 0.75 per cent - to end at 37,393.48, and the NSE Nifty finished at 11,257.10, up 100.10 points from the previous

Jet Airways said on Friday that Robin Kamark resigned as nominee director of Etihad Airways PJSC. Mr Kamark's resignation took effect on May 16, said the grounded airline. The carrier had appointed him in November last year. Mr Kamark's resignation from Jet Airways follows a series of top management exits earlier this week, as the cash-starved

Indian Railway Catering and Tourism Corporation (IRCTC) provides an online service where enables waitlisted train ticket holders to know about their chances of getting a confirmation. IRCTC - the online ticketing arm of the Indian Railways -

InterGlobe Aviation shares fell as much as 9.48 per cent to hit intraday low of Rs 1,456 after reports of differences between its promoters Rahul Bhatia and Rakesh Gangwal surfaced. Rahul Bhatia and Rakesh Gangwal have appointed separate law firms to settle a dispute between the two

Key lenders in the country offer the service of ATM-cum-debit cards but levy certain charges for making transactions at ATMs. The country's largest bank, State Bank of India or SBI, also offers these facilities but allows limited number of ATM transactions free of cost every month. The number of permitted free transactions at ATMs in a month

IRCTC or Indian Railway Catering and Tourism Corporation provides a special facility that enables users to opt for alternative trains in case their primary tickets do not get confirmed. Called VIKALP, this scheme is available for passengers of

The growth strategy of IndiGo remains unchanged and the airline's management has full backing of the company's board of directors to implement it, said Ronojoy Dutta, CEO, InterGlobe Aviation, in an email to his employees on Thursday. The email was sent to employees by the CEO as there were various media reports on Thursday morning regarding

Gold prices on Friday declined by Rs 160 to Rs 33,170 per 10 grams, reported news agency Press Trust of India quoting the All India Sarafa Association. The fall came due to tepid demand from jewellers amid weak global trend.  Similarly, silver also slumped Rs 625 to Rs 37,625 per kg on reduced offtake by industrial units and coin makers. Sentiment

Domestic stock markets started Friday's session on a higher note amid a mixed trend in global peers, a day after the central bank asked non-banking financial companies to appoint risk officers. The S-P BSE Sensex rose as much as 237.9 points to touch 37,631.38 in early trade, and the NSE Nifty moved to 11,319.00, up 61.9 points from the

Tata Global Beverages and Tata Chemicals shares jumped on Thursday, a day after the announcement of transfer of the chemicals company's consumer business into the tea and coffee manufacturer Tata Global Beverages. Tata Chemicals shares surged as much as 8.36 per cent while Tata Global Beverages stock jumped as much as 10.62 per cent in intraday

Spencer's Retail Ltd will buy upmarket grocery chain Nature's Basket from Godrej Industries for Rs 300 crore ($42.76 million), the companies said on Friday.

Spencer's, a part of RP Sanjiv Goenka Group (RPG), already runs its own grocery stores in

IRCTC Tourism is offering a tour package of four nights and five days to Nainital, Mukteshwar, Bhimtal and Sattal at tariffs from Rs. 13,050 per person. The tour will start from Lucknow, IRCTC Tourism - the tourism arm of the Indian Railways - said on

The S-P BSE Sensex and Nifty came off intraday highs as pharma, capital goods, telecom and industrials sector shares came under selling pressure. In the morning deals, Sensex rose as much as 90 points from its previous close and the NSE Nifty 50 Index advanced to intraday high of

Indian equity benchmarks extended gains and the S-P BSE Sensex surged over 500 points and NSE Nifty 50 Index climbed above psychological level of 11,400 ahead of exit polls due after the last phase of voting for general elections on May 19. Equity markets rose

The principal bench of the National Company Law Tribunal (NCLT) has directed market regulator Securities and Exchange Board of India (Sebi) to de-attach the properties of a corporate debtor attached during its execution proceedings.

The matter brings into focus the issue of the in-built disagreement between the Sebi Act and the

With an intent to put in place a consolidated platform for its consumer business and become a leader in the FMCG segment, Tata Group on Wednesday announced the transfer of the branded food business from Tata Chemicals to Tata Global Beverages. The all-shares deal would create an over Rs 9,000-crore giant. Under the agreement,

The S-P BSE Sensex and NSE Nifty 50 Indexes extended gains paced by buying interest in Bajaj Finance, Bajaj Finserv, Hero MotoCorp, Hindustan Unilever, Kotak Mahindra Bank and Britannia Industries. Earlier in the day, Sensex and Nifty opened higher and built on the rally helped by gains in financials, auto, banking and capital goods shares.

Reserve Bank of India said on Thursday that shadow banks also known as non-banking finance companies (NBFC) with asset size of more than Rs 5,000 crore should appoint a chief risk officer (CRO) in a move to tighten regulation after a series of defaults at top

The rupee appreciated by 9 paise against the US dollar to 70.25 against in early trade on Thursday, driven by weakening of the greenback overseas and a positive opening in domestic equity markets. Forex dealers said weakness in the US dollar

NSE will appeal against a Sebi (Securities and Exchange Board of India) order in the co-location issue in which it has been penalised up to Rs 1,000 crore and barred from approaching market for the next six months at the Securities Applleate Tribunal (SAT).

When contacted, NSE spokesperson declined to comment. The exchange has made a regulatory

The rupee surged by 31 paise to close at 70.03 against the US dollar on Thursday amid a sharp rebound in the domestic equity markets, even as oil prices firmed up. This is the third straight session of gain for the domestic currency, during

Indian Railway Catering and Tourism Corporation (IRCTC)'s tourism arm, IRCTC Tourism, is offering a Himachal Delight tour package from Kolkata covering destinations such as Chandigarh, Manali and Shimla from Rs 47,895 per person. The seven-day Himachal Delight tour

With each of the Indian airlines vying for maximum share of the Jet Airways' foreign flying rights, Civil Aviation Secretary P S Kharola said on Friday the ministry will create a transparent standard operating procedure (SOP) to allocate these rights on a temporary basis. "We had asked airlines to confirm their requirement of (domestic)

The recently concluded Vodafone Idea rights issue has resulted in losses for the public shareholders, eroding 21 per cent of their shareholding value, according to industry sources.

As per the sources, the total loss to public shareholders is to

Domestic stock markets started Thursday's session on a positive note, shrugging off losses in Asian peers where equities fell on renewed worries about the US-China trade conflict. The S-P BSE Sensex rose as much as 89.89 points to 37,204.77 in early trade,

Life Insurance Corporation (LIC) of India, the country's largest life insurance company, offers various life insurance products or life insurance policies (LIC Policy). LIC's life insurance policies include term insurance plans, endowment insurance plans, pension plans and

Gold prices rose by Rs 70 to Rs 33,330 per 10 grams on Thursday, news agency Press Trust of India reported quoting the All India Sarafa Association. The increase came on the back of fresh buying from jewellers. Silver prices rose by Rs 50 to Rs 38,250 per kg on more offtake by

The government intends to sell a further 15 per cent stake in its railways undertaking RITES India under the Offer-For-Sale (OFS) route, according to an official announcement on Wednesday,

The stake sale would augment the government's stake sell-off kitty for the current fiscal by Rs