India Post under the Department of Posts provides a range of banking and remittance services. With a network of more than 1.5 lakh post offices across the country, India Post offers nine savings schemes in designated post offices. The interest rates applicable to these small savings schemes - such as the Post Office National Savings Certificates -

Write comment (92 Comments)

The government shareholding in many state-run banks is currently above 75 per cent.

The government proposes to bring down its holding in state-owned banks by launching an exclusive PSU Banks ETF (Exchange Traded Fund), sometime at the end of the third quarter period of the current financial year, sources said.

Official sources said that a proposal

Write comment (92 Comments)

Earlier in the day, Sensex and Nifty flip-flopped between in negative and positive territories.

The S-P BSE Sensex and NSE Nifty 50 Indexes rose for third day in a row to close at record highs led by gains in Reliance Industries, Infosys, Tata Consultancy Services, HDFC Bank and Yes Bank. Earlier in the day, Sensex and Nifty flip-flopped

Write comment (91 Comments)

Fifteen of 19 sector gauges compiled by BSE were trading lower led by the Metal Index's 1.2% decline.

The S-P BSE Sensex and NSE Nifty 50 Indexes came off intraday low levels as gains in bluechip stocks like Tata Consultancy Services (TCS), Infosys, Reliance Industries, ITC and HDFC Bank were offset by losses in ICICI Bank, State Bank of India,

Write comment (91 Comments)

Other than Ather, Hero Electric, Twenty Two Motors and Okinawa sell electric scooters in the country.

Bengaluru: 

Electric scooter maker Ather Energy raised $51 million in a fresh round of funding, the startup said on Tuesday, at a time when rising pollution levels have prompted the government to push for more electric vehicles on the road.

Earlier

Write comment (90 Comments)

Airtel, Vodafone Idea and Reliance Jio offer postpaid plans in the range of Rs. 199 to Rs. 1,999.

These days telecom operators are offering a host of benefits with postpaid plans apart from regular calling and data plans. Operators such as Bharti Airtel and Vodafone Idea are offering additional benefits such as subscription to Amazon Prime Video

Write comment (97 Comments)

Boeing Co. has told one of the biggest 737 Max buyers, budget carrier SpiceJet Ltd., that the grounded jet should be back in the air by July, signaling a quicker return for the plane than many in the industry expect.

"The timeline that's been communicated to us based on their experience is July -- end of June basically," SpiceJet's Chief Financial

Write comment (98 Comments)

SBI's savings plus account can be opened by any individual who is eligible to open savings bank account.

State Bank of India, the country's largest lender, offers a host of schemes under its personal banking portfolio. One such scheme offered by SBI is Savings Plus Account, which is a savings bank account linked to MODS (multi option deposit

Write comment (99 Comments)

Stock of PNB traded at Rs 88.10 on BSE, down 1.34 per cent from its previous close

New Delhi: 

State-owned Punjab National Bank on Tuesday said that its loss narrowed to Rs 4,750 crore in the quarter ended March 2019 from loss of Rs 13,417 crore during the same quarter last year. The provisions for bad loans dropped to Rs 9,153.55 crore from

Write comment (93 Comments)

RTGS timings: The RBI has decided to extend the timings applicable to RTGS transfers

RTGS or real-time gross settlement is a payments system in which transactions - or wire transfers - are processed continuously throughout applicable business hours. Contrary to NEFT or national electronic funds transfer, in which the transactions received up to a

Write comment (93 Comments)

For withdrawal from GPF, no documentary proof is required to be furnished by the subscriber.

General Provident Fund (GPF), a type of provident fund account, is available only for government employees. Interest rates on GPF are revised as per the government's notifications issued from time to time. At present GPF fetches an interest rate of 8 per c

Write comment (99 Comments)

HDFC, HDFC Bank and Kotak Mahindra Bank weighed most on the Sensex

Domestic stock markets turned choppy after a positive start on Tuesday. The S-P BSE Sensex fell as much as 200.76 points from its strongest level of 39,785.02 in the session, and the NSE Nifty index slipped below 11,900 mark, declining 67

Write comment (96 Comments)

The last time the central bank cut rates three times in a row was in 2013.

BENGALURU: 

The Reserve Bank of India (RBI) will cut interest rates at a third consecutive meeting in June, according to a Reuters poll of economists who were split over whether it should.

Under Governor Shaktikanta Das, who took over as RBI governor from Urjit Patel in

Write comment (92 Comments)

The rupee had settled at 69.51 against the dollar on Monday.

Mumbai: 

The rupee on Tuesday declined by 18 paise to close at 69.69 against the US currency, weighed down by month-end dollar demand from importers and rising crude oil prices. Forex traders said that weakened Asian currencies also added to the pressure on the domestic unit. However,

Write comment (96 Comments)

IRCTC tour package: The five-night and six-day tour will cover destinations such as Bangkok and Pattaya

IRCTC or Indian Railway Catering and Tourism Corporation Tourism is offering a tour package to Thailand starting from Rs. 39,520, it said on microblogging website Twitter. The five-night and six-day tour will cover destinations such as Bangkok

Write comment (95 Comments)

PM Narendra Modi's Bharatiya Janata Party established an even bigger mandate than it won in 2014

India and Australia have been islands of resilience in Asia this month, eking out positive returns as trade tensions re-ignited between the U.S. and China.

The S-P BSE Sensex Index and S-P/ASX 200 Index are the best-performing benchmarks in the

Write comment (92 Comments)

Since 2012-13, the inflows had been continuously growing and reached a record high in 2017-18

New Delhi: 

Foreign direct investment (FDI) in India declined for the first time in the last six years in 2018-19, falling by 1 per cent to $44.37 billion as overseas fund inflows subsided in telecom, pharma and other sectors, official data showed.

Write comment (99 Comments)

Domestic stock markets started Tuesday's session on a higher note but turned choppy in the first few minutes of trade. The S-P BSE Sensex declined 155.3 points from an intraday high of 39,785.02 touched early in the session. The NSE Nifty index climbed to 11,958.55, up 33.8 points from the previous close, before reversing direction to retreat

Write comment (93 Comments)

Domestic stock markets started Wednesday's session on a lacklustre note, with the benchmark Nifty index giving up the 11,900 level, tracking weakness in Asian peers. The S-P BSE Sensex declined as much as 113.55 points to 39,636.18 in early trade, and the NSE Nifty index moved to 11,896.45, down 32.3 points from the previous close. Losses in

Write comment (93 Comments)

SpiceJet will deploy its Boeing 737 NG aircraft on all these routes.

SpiceJet has announced the introduction of additional flights on its domestic network. The additional flights introduced by the airline will be operational on Patna-Kolkata, Mumbai-Kanpur and Mumbai-Patna routes, the Gurugram-based airline said in a press release. The new services

Write comment (90 Comments)

Look out circulars are issued by authorities including the External Affairs Ministry, MCA, Tax Department

New Delhi: 

The Ministry of Corporate Affairs (MCA) has sent out a look-out circular with the names of over 20 people suspected of economic offence, sources said on Monday. Sources said the circular includes the name of Naresh Goyal, the

Write comment (98 Comments)

Bharti Airtel Ltd. is planning a share sale for its Africa unit in London as part of a push by the wireless operator to cut a debt load that's ballooned to more than $16 billion.

The initial public offering by Airtel Africa Ltd. would comprise new shares and the sale would seek a free float of at least 25 per cent, the company said in a filing on

Write comment (95 Comments)

The new format of Form 24Q is also available for TDS on salaries.

Only three days are left to e-file the statement of TDS (tax deducted at source) for the last quarter of financial year 2018-19, which ended on March 31. Filing the TDS statement after the due date, which is May 31, 2019, will invite a late

Write comment (96 Comments)

IRCTC Tourism is offering a tour package of six nights and seven days to Leh, Nubra Valley and Pangong at tariffs from Rs. 40,790 per person. The tour will start from Mumbai, IRCTC Tourism - the tourism arm of the Indian Railways - said on microblogging website Twitter. The tour provided by IRCTC or Indian Railway Catering and Tourism Corporation

Write comment (91 Comments)

IRCTC's Heritage Hampi tour package will begin from August 9 from Hyderabad.

Indian Railways Catering and Tourism Corporation (IRCTC) offers a variety of international and domestic tour packages. These tour packages can be booked online through the website of IRCTC's tourism arm, IRCTC Tourism (www.irctctourism.com). Among the various tour

Write comment (97 Comments)
Bengaluru: 

Budget airline SpiceJet posted a 22 per cent jump in fourth-quarter profit on Tuesday, as it flew more customers and was able to raise prices at a time when the industry benefited from the collapse of Jet Airways.

Indian carriers, including budget airlines SpiceJet and Interglobe Aviation Ltd's IndiGo, have been taking advantage of

Write comment (99 Comments)
New Delhi: 

Slowing economic growth is of serious concern and the country needs to urgently cut tax and interest rates to revive the economy, a top industrial body said on Monday ahead of the inauguration of Prime Minister Narendra Modi's second term.

The economy grew 6.6 per cent in the three months to December - the slowest pace in five quarters -

Write comment (97 Comments)

The extended window for RTGS will be applicable from June 1.

Mumbai: 

Timings for fund transfer through RTGS have been extended by one-and-a-half hours to 6 pm for the general public from June 1, the Reserve Bank of India said on Tuesday. Under Real Time Gross Settlement (RTGS) System, there is a continuous and real-time settlement of

Write comment (97 Comments)

IRCTC ticket booking: For trains starting till 12:00 pm, the chart is usually prepared the previous night

IRCTC or Indian Railway Catering and Tourism Corporation allows train ticket holders to apply for a refund under certain conditions. The request for such a refund can be made online through the IRCTC's booking portal or through its mobile app

Write comment (94 Comments)

The radio business is a unit of Reliance Capital Ltd., the Anil Ambani group's financial services arm

Embattled tycoon Anil Ambani is in talks to sell his FM radio broadcasting business to a media conglomerate for Rs 1,200 crore ($173 million), people with direct knowledge of the matter said.

Mr Ambani's entertainment company Reliance Broadcast

Write comment (98 Comments)