Business

SBI Capital Markets, a subsidiary of State Bank of India, has received a solicited bid from Etihad Airways and three unsolicited bids for the now-grounded Jet Airways in an ongoing stake sale. The development comes as the

One can access a range of banking services at a post office: from a savings bank account (Post Office Savings Account) to a fixed deposit (under the Post Office Time Deposit Savings Scheme). Under Government of India's small savings schemes portfolio,

The S-P BSE Sensex and NSE Nifty 50 Indexes fell for seventh day in a row to lowest level in two months tracking sharp losses in Asian peers, where equities slumped as investors waited to see whether Chinese and US trade negotiators can

State Bank of India, the country's largest lender which has a network of over 24,000 branches in India, also offers banking services to the non-resident Indians (NRI). The State Bank of India Non Resident Ordinary (NRO) account, Non Resident External (NRE) account

State Bank of India (SBI) offers a range of maturities for term deposit accounts. Term deposits, such as fixed deposits (FD) and recurring deposits (RD), are fixed income instruments that yield fixed returns over a pre-defined period of

Indian equity benchmarks extended recent losses on Thursday and were on track to close lower for a seventh session in a row. Selling pressure in Reliance Industries, HDFC Bank, HDFC, ITC, Larsen - Toubro and NTPC

Indian equity benchmarks extended declines to eighth straight day paced by losses in Tata Steel, HCL Technologies, Yes Bank, IndusInd Bank, Tata Consultancy Services and ONGC. For most part of the day, Sensex and Nifty traded in a rangebound

Indian Railways' northern division has announced certain special trains with an aim to clear the summer season rush. The Northern Railway - which caters to one of the zones served by Indian Railways - has started operating five special trains in the Express, AC Express and Garib

Mumbai's auto dealers are facing the impact of India's automobile sector hitting a speed breaker.

Passenger vehicle growth in the financial year ended March was the slowest since 2014, according to a top industry body. Auto stocks have lost a staggering $42 billion in the last 16 months.

Experts are now linking this to demonetisation, GST and the

State Bank of India (SBI) said on Friday it has received two unsolicited bids for ailing Jet Airways, nearly a month after the airline was forced to ground all operations due to funding troubles.

Jet, once the country's largest private airline, stopped all flights on April 17 after its lenders, led by SBI, declined to extend more funds

Life Insurance Corporation of India (LIC), the country's largest life insurance company offers pension plans for immediate or deferred annuity apart from the endowment and term insurance products being sold by the state-run insurer. Jeevan Shanti Policy is

Domestic stock markets started Thursday's session on a lower note, with the Nifty slipping below the 11,300 mark for the first time since March 13, tracking weakness in Asian peers where equities dropped to six-week lows on

State Bank of India (SBI) said on Friday that it has reduced its MCLR (marginal cost of funds-based lending rate) by 5 basis points across all tenors. One basis point is equivalent to 0.01 per cent or 1/100th of a per cent. After the revision, the state-run lender's

Domestic stock markets started Friday's session on a higher note, after seven days of losses, tracking a recovery in Asian peers from two-month lows as investors hoped for a trade deal between the US and China. The S-P BSE Sensex rose as much as 150.96 points

-- 50% in 1AC and 2 AC

-- 25% in 3AC - AC Chair Car of Rajdhani/Shatabdi trains

-- 50% in MST

State Bank of India (SBI) on Friday swung to profit from a record loss in the corresponding quarter year ago on the back of an improvement in its asset quality. In a regulatory filing, the country's largest lender reported a net profit of Rs 838.40 crore for the quarter ended March 31, as against a loss of

Uber, the ride-hailing pioneer, is set to go public on Friday with a valuation of around $86 billion, in the most highly-valued stock introduction in years. But Uber says its real strength isn't in being a taxi alternative. Instead, it is its ability to apply its vast data trove and routing software to rewrite how goods and people

Domestic petrol and diesel prices were lowered on Thursday after at least two days of status quo. With effect from 6 am on Thursday, the price of petrol was at Rs 72.84 per litre in Delhi and Rs 78.44 per litre in Mumbai, a cut of about 15-16 paise per litre co

Domestic stock markets swung between gains and losses amid volatile trade on Friday, as losses in IT and metal stocks offset the advances in financials. The S-P BSE Sensex moved in a range of 287.39 points, between 37,434.59 and 37,721.98 in intraday trade. The 50-scrip benchmark Nifty index briefly slid below the 11,300 mark, moving in a

In what seems to be suggesting the airline's revival remains a far-fetched possibility, Jet Airways' Whole Time Director Gaurang Shetty has decided to move on from the company as his resignation has been approved.

Shetty has been an old-timer and held many senior positions in the company before being appointed as director on the Board.

"Gaurang

Indians bought 23-tonne gold on the occasion on Akshaya Tritiya this year, a rise of four tonne as compared to the previous year, said Surendra Mehta, National Secretary of the India Bullion and Jewellers Association (IBJA), on Wednesday.

Market sources said the bullion market

The stake sale process initiated by State Bank of India-led lenders for the grounded Jet Airways is unlikely to get any "serious bid" from investors and public sector banks may be looking at massive write-off of loans, aviation industry sources said.

"There is not much value left in Jet Airways. Most of its slots have gone, pilots have

India's largest passenger car manufacturer on Thursday said it cut its production by 9.6 per cent to 147,669 units in April this year from 163,368 in April 2018.

The company produced 109,498 passenger cars last month, 11.9 per cent lower that 124,356 it produced in April last year.

Production

The United States will raise tariffs on $200 billion worth of Chinese imports to 25 per cent from 10 per cent effective on Friday, according to a notice posted to the Federal Register on Wednesday.

The US Trade Representative's office will establish a

Voltas shares recovered early losses to trade higher in late morning deals on Friday, a day after the Tata group company reported its earnings for the quarter ended March 31. On the National Stock Exchange (NSE), the Voltas share price rose about 1.01 per cent

The Ministry of Corporate Affairs (MCA) is likely to ask Serious Fraud Investigation Office (SFIO) to probe the alleged fund diversion and writing off of investments by Jet Airways.

The fresh investigation follows recommendation given by MCA's Mumbai regional

The Finance Ministry is closely watching the economic costs of oil imports from other alternative markets like Iraq and Saudi Arabia, following the United States' withdrawal earlier this month of the waiver granted last year to some countries by the US on its Iran sanctions.

Followin

Suzuki Motor Corp on Friday forecast a 1.7 per cent rise in profit this year, anticipating limited growth due to an expected sales tax rise in Japan as well as uncertainty in business conditions in its biggest market, India.

Japan's fourth-largest automaker expects operating profit of 330 billion yen ($3.01 billion) in the year through March

The Supreme Court on Thursday ordered a withdrawal of special facilities given to beleaguered real estate company Unitech's promoters Sanjay Chandra and Ajay Chandra, news agency ANI reported. Both have been lodged in Delhi's Tihar Jail since August 9, 2017. The matter relates to alleged siphoning of home-buyers' money by the property developer.

State Bank of India (SBI), the country's largest lender, offers loan against shares to its existing customers. Individuals holding DEMAT accounts with SBI Cap Securities - part of the SBI group - can avail a loan of up to Rs 20 lakh under SBI loan against shares