Business

Airlines are offering discounts on bookings and have introduced new flights. National carrier Air India has announced new domestic and international flights. Private carrier Vistara has come up with a sale on domestic flight tickets and announced new flights. IndiGo,

India Ratings and Research (Ind-Ra) has downgraded Punjab National Bank's additional tier I (AT1) perpetual bonds worth Rs 6,750 crore by one notch to A/negative outlook from A+/negative. However, the rating agency has affirmed the bank's

Buying in financial, auto and metal stocks supported the markets

The S-P BSE Sensex and NSE Nifty 50 Indexes came off intraday highs paced by losses in Indiabulls Housing Finance, Yes Bank, Hero MotoCorp, UPL and Tata Motors. Earlier in the day, the benchmarks opened higher and the Sensex advanced nearly 400 points and the

Fixed deposits (FDs) are secure investment instruments that offer higher interest rates than deposits in savings accounts. Unlike stocks and mutual funds, fixed deposits offer safe returns as they are unaffected by market volatility, experts say. FDs are of two types: with premature withdrawal facility and without premature without facility. The

State-run Air India has announced new domestic and international flights. The national carrier will commence flights on the Mumbai-Patna-Amritsar and Mumbai-Nairobi routes from September 27, Civil Aviation Minister Hardeep Singh Puri said on

India's monsoon has progressed more slowly than usual after hitting Kerala nearly a week late. Monsoon rains have been 44 per cent lower-than-average so far in June, delaying the sowing of summer-sown crops and raising concerns that parts of the country could face a worsening drought.

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Finance Minister Nirmala Sitharaman will present the full-year budget for financial year 2019-20 on July 5. It will be the first budget of the Prime Minister Narendra Modi-led National Democratic Alliance (NDA) government after it got re-elected in May. Budget is the annual financial

India's biggest airline IndiGo said on Monday it has placed a $20 billion jet engine order from CFM International, a move that marks a dramatic shift away from Pratt - Whitney towards its French-American rival.

CFM, owned by General Electric and France's Safran, will provide the 1LEAP-1A engines to power 280 A320neo and A321neo

The Reserve Bank of India (RBI) has imposed a fine of Rs 1 crore on private sector lender HDFC Bank for violating norms related to know your customer (KYC), anti-money laundering and reporting of frauds.

"This action is based on deficiencies in regulatory compliance and is not intended to

The Reserve Bank of India (RBI) is likely to cut interest rates by another 25 basis points in 2019, following three cuts of a similar quantum so far, due to weak growth momentum and inflation remaining within targeted limits, Fitch Ratings said on Monday.

The RBI cut the repo rate to 5.75 per cent on June 6, its third cut in 2019, while

European financial leaders on Tuesday vowed vigilance after Facebook announced it was diving into the cryptocurrency market, as analysts warned the social media giant could face major regulatory questions.

French Finance Minister Bruno Le Maire, whose government initiated a new tax on digital giants like Facebook that has angered the United

The rupee on Tuesday appreciated by 21 paise to close at 69.70 against the US dollar as easing crude prices and a weak dollar ahead of the US central bank's meeting helped the currency snap its three-day losing streak. Forex dealers said the selling of the American currency by

Indulgence in serious criminal cases of money laundering, terror financing, corruption, possession of benami properties and undisclosed foreign assets will virtually shut a person's chances of getting relief in an income tax evasion offence beginning Monday, a latest directive issued by the CBDT said. The policy-making body for the tax

Shares of the debt-laden Jet Airways extended decline to 13th session in a row and fell as much as 28.18 per cent after yesterday's 41 per cent decline to hit fresh all-time low of Rs 29.05 on the BSE. On the National Stock Exchange, the stock slumped 29.38 per cent to record low of Rs

The consortium of 26 bankers led by State Bank on Tuesday took the grounded Jet Airways to the National Company Law Tribunal to recover their dues of over Rs 8,500 crore. The tribunal will hear the matter on Wednesday. Jet Airways, started over 25

Assuring the crisis-hit NBFC sector will be monitored, Reserve Bank of India Governor Shaktikanta Das on Monday said the central bank will not hesitate to take any required measure to maintain the financial stability of the economy.

In a lecture at the Lal Bahadur Shastri National Academy of Administration, Mussoorie, on the "evolving role of

Buying across sectors - led by banking and metal stocks - pushed the markets higher

Life Insurance Corporation (LIC) of India which offers term insurance policies, endowment plans and pension schemes also offers money back insurance policies. LIC New Money Back Policy-20 years is one of the money back plans being sold by the

Fitch on Monday lowered India's growth forecast to 6.6 per cent for the current fiscal year from 6.8 per cent projected earlier, as manufacturing and agriculture sectors showed signs of slowing down over the past year. In its latest Global Economic

India has just a few days left to witness the first Union Budget of the re-elected NDA government and the first ever presentation of the country's financial statement by the Finance Minister Nirmala Sitharaman. Experts say growth in the real estate sector seems stagnant and immediate solutions are not expected, however the government is urged to

The government is due to announce the full-year budget for 2019-20 on July 5. Finance Minister Nirmala Sitharaman, India's first full-time woman finance minister, will present the Budget in Lok Sabha, the lower house of Parliament. The budget is an annual financial statement of a government, detailing its revenue and expenditure in the past, as

Jet Airways' creditors said on Monday they plan to begin insolvency proceedings against the airline in a last-ditch bid to find a buyer for the carrier or its remaining assets and recover some of what they are owed.

Once India's biggest private

Ahead of the maiden budget of his second term in office, Prime Minister Narendra Modi on Tuesday brainstormed with top bureaucrats of finance and other ministries to finalise the government's 100-day agenda with a focus to revive the sagging economy and

Domestic air passenger traffic saw a rebound in May as it increased by 2.96 per cent after a slump in April, according to the data released by aviation regulator DGCA on Tuesday.

In April, domestic air passenger traffic had dropped by 4.5 per cent over

Planting of summer-sown crops in India such as soybean, cotton, rice and corn has been delayed by at least two weeks because of the slow progress of monsoon rains in central and western parts of the country, raising concerns over lower production.

Lower production of soybeans could force the country to raise imports of edible oils such as

The Securities and Exchange Board of India (Sebi) on Tuesday permitted stock exchanges with commodity derivative segment to introduce futures on commodity indices.

The market regulator said that it has now decided "to permit recognized stock exchanges with

Chinese lenders, including China Development Bank, Industrial and Commercial Bank of China and Exim Bank of China, have demanded at least $2.1 billion from embattled tycoon Anil Ambani's Reliance Communications Ltd., that slid into bankruptcy earlier this year.

State

With the government committed to bringing a revolution in the electric vehicles (EV) segment in the next few years, industry expectations from the Union Budget 2019-20 run high. Among the key demands are priority lending by public sector banks for purchase of EVs and a hike in government subsidy to push sales.

"Today, nobody is giving