Business

Mumbai-based Suraksha Realty has failed to make the cut as the Committee of Creditors (CoC) of Jaypee Infratech Ltd (JIL) rejected its bid to acquire the insolvent company.

The e-voting procedure, which started on April 30, lasted till 12 noon on Friday.

The next procedural step would be the company going for liquidation and the

Bitcoin jumped to a new six-month high on Friday in a move that traders said was the result of technical forces, with no immediate news catalysts sending the cryptocurrency higher.

Bitcoin climbed more than 6 per cent to briefly break $5,700, its highest since November 14. It was last at $5,680 on the Bitstamp exchange, taking gains this year for

Gold price in Delhi declined by about 0.8 per cent in Delhi on Thursday. Weak demand from jewellers amid weak global cues led to a fall of Rs 250 per 10 grams in the gold price, the All India Sarafa Association said. Tracking gold price, the rate of silver also declined by Rs 825 to Rs 37,700 per kg due to reduced offtake by industrial

GoAir is offering domestic and international flight tickets at a starting all-inclusive price of Rs. 2,765 and Rs. 7,000 respectively in a limited-period sale. Bookings under the offer can be made till May 8, 2019, according to the airline's official website, goair.in. Under the offer, the cheapest flight ticket is available on the

Sugar production in India could rise 1.5 per cent in 2018/19 to a record 33 million tonnes, increasing inventories in the world's second-biggest producer and putting pressure on local prices, a producers' body said on Friday.

The record production could

Some foreign investors in National Stock Exchange (NSE), which the market regulator has slapped with a steep fine and a six-month ban from public fundraising, are urging the bourse not to challenge the penalty and focus instead on a long-awaited initial public offering.

The

Rising for the fourth straight session, the rupee strengthened by 15 paise to close at 69.22 against the US dollar on Friday, bolstered by easing crude oil prices. However, fresh foreign fund outflows and subdued sentiment at the domestic equity markets

Indian Railways (IRCTC) offers a special service for travellers who wish to go for a trip connecting many destinations. The service is known as Circular Journey and Circular Journey Ticket is issued for all journeys (other than regular routes) which begin and

India's economy appears to have slowed down slightly in 2018-19, the department of economic affairs under the Ministry of Finance has said in its monthly economic report for March 2019. The factors responsible for this slowdown include declining growth of

Hindustan Unilever's net profit rose 13.84 per cent year-on-year (Y-o-Y) to Rs 1,538 crore in January-March quarter compared with Rs 1,351 crore during the same period last year, the country's largest consumer goods maker said in an exchange filing. Commenting on

Punjab National Bank (PNB) has revised its fixed deposit interest rates on select maturities with effect from May 1, 2019. PNB has lowered the interest rate applicable to the maturity period of 333 days, and increased in that of one year, according to the bank's

Indigo Partners and Lufthansa are among the likely bidders for Thomas Cook's airline business, with a deadline of May 7 set for expressions of interest, sources said.

The heavily indebted British travel group put its profitable airline business up

Valuations of Asian equities reached a 14-month high at the end of April as regional shares rallied on optimism about Chinese economic data and the prospects for a US-China trade deal.

MSCI's broadest index of Asia-Pacific shares gained 1.6 per cent in April. According to Refinitiv, the region's forward price-to-earnings ratio (P/E) was 13.2 times

Domestic equity benchmarks (share markets) came off intraday high levels as selling pressure in information technology stocks deepened with Tata Consultancy Services, Infosys and HCL Technologies being the top drags on the S-P BSE Sensex. However, buying in HDFC,

Mahindra - Mahindra on Thursday reported a 9.1 per cent drop in auto sales in April. In a regulatory filing, the auto maker said its sales stood at 43,721 units, as against 48,097 units in the corresponding period a year ago. Mahindra - Mahindra's

The UIDAI or Unique Identification Authority of India - the issuer of personal identification cards under the Aadhaar programme - provides a range of services online. Aadhaar or UID (Unique Identity Number) holders and applicants can access these services through the

India's car stocks have lost $42 billion in value in the last 16 months, and some analysts say the rout may not be over.

A gauge of automobile companies has fallen 30 percent since reaching a record in December 2017, and is the worst-performer

Tata Motors' sales of commercial and passenger vehicles declined 20 per cent in April to 42,577 units as weak consumer sentiment continued, the auto maker said on Thursday. Tata Motors' sales had stood at 53,511 units in the corresponding period a year

Amid faint possibility of grounded Jet Airway's revival anytime soon, the Civil Aviation Ministry is now considering re-allocating the airline's foreign traffic rights to rival carriers such as Air India, SpiceJet and IndiGo.

A meeting was held on Friday to discuss the issue. Civil aviation secretary Pradeep Singh Kharola chaired the

The last stronghold in embattled tycoon Anil Ambani's phone carrier-to-power empire is also developing fault lines.

Reliance Capital Ltd., his financial services business that almost doubled its profit in five years, had largely remained insulated

The National Company Law Appellate Tribunal (NCLAT) on Thursday allowed bankers to declare the loans of debt-ridden Infrastructure Leasing and Financial Services (IL-FS) as non-performing assets (NPAs), news agency ANI reported. However, the banks cannot start their recovery proceedings, the NCLAT said.

The next hearing on the matter is

Extending its downward trend for a fourth consecutive day, the price of gold on Friday fell by Rs 150 per 10 grams in Delhi to Rs 32,470 per 10 grams, reported news agency Press Trust of India quoting the All India Sarafa Association. Tepid demand from jewellers amid a subdued trend overseas led to the decline in gold prices. Silver prices,

Jet Airways shares dropped as much as 8 per cent on Friday, extending their fall to a fifth consecutive session. On the Bombay Stock Exchange (BSE), Jet Airways share price fell to as much as Rs 124.25 apiece in morning deals, marking a fall of 7.86 per cent from its previous close of Rs 134.85. On the National Stock Exchange (NSE), the Jet A

Indian Railways, which has a network of more than 1 lakh kilometres, allows its passengers to break journey once for two days for holders of journey tickets of more than 500 kilometres, according to information on https://www.indianrail.gov.in. The facility is allowed

The resolution of 94 stressed assets achieved around 43 per cent debt recovery as of March 31, 2019, amounting to Rs 75,000 crore since the inception of the Insolvency and Bankruptcy Code (IBC) in 2016, a report said.

The total recovery as of March-end stood at Rs 75,000

Domestic stock markets started Friday's session on a higher note, after two days of losses. The S-P BSE Sensex index rose as much as 142.42 points to 39,123.85 in early trade, and the broader NSE Nifty moved to 11,759.95, up 35.2 points from the previous close. Gains in banking, financial services and energy stocks supported the markets,

The S-P BSE Sensex and NSE Nifty 50 Indexes ended lower for second session in a row as banking and information technology sector heavyweights like ICICI Bank, Infosys, Tata Consultancy Services, IndusInd Bank and Axis Bank came under selling pressure. For most part of the

The S-P BSE Sensex and NSE Nifty 50 Indexes fell for a third straight session as information technology heavyweights like Tata Consultancy Services, Infosys and HCL Technologies came under selling pressure. For most part of the day, the Sensex and

Domestic petrol and diesel prices remained steady on Friday. With effect from 6 am, the price of petrol stood at Rs 73.07 per litre in Delhi and Rs 78.64 per litre in Mumbai, according to a notification from Indian Oil Corporation. Diesel prices remained at Rs 66.66 per litre and Rs 69.77 per litre in the metros respectively, according to s

Major banks today require their customers to maintain a certain minimum balance in their savings accounts to avoid penalty charges. From public sector lender State Bank of India (SBI) to its private sector peers ICICI Bank and HDFC Bank, the top