Business

The S-P BSE Sensex and NSE Nifty 50 indexes resumed declines after a day's breather, dragged lower by selling pressure in HDFC, IndusInd Bank, Yes Bank, ICICI Bank and Tata Motors. Earlier in the day, the benchmarks opened higher on the back of buying interest

Japan has complained at the World Trade Organization about India's duties on mobile phones, base stations and routers, and the circuit boards and other components that go into them, a WTO filing showed on Tuesday.

Japan's complaint, the first step in a legal dispute, said India had sought to foster domestic production by adjusting various

Aurobindo Pharma on Tuesday informed stock exchanges that the company, as well as other firms in the US generic drug industry, are facing a second lawsuit for violation of antitrust laws. This lawsuit, filed on May 10, was the second after the one filed in December 2016. Aurobindo Pharma shares declined as much as 2.06 per cent on the N

India's slowing economy will need a boost soon after the current election but budget stresses mean the Centre probably has to rely on the Reserve Bank of India (RBI) to provide it through more interest rate cuts, according to two senior finance ministry officials.

The government lacks the ability to hike already-planned spending to spur

There are three major provident fund accounts -- namely Employees' Provident Fund or EPF, General Provident Fund or GPF and Public Provident Fund or PPF -- available in the country. EPF is a compulsory retirement saving instrument that is deducted from

The new boss of Vodafone slashed the mobile operator's dividend on Tuesday, reversing a pledge to maintain the payout in order to secure enough firepower to build 5G networks and complete its acquisition of Liberty Global assets.

Nick Read, the

The S-P BSE Sensex and Nifty came off intraday high levels paced by losses in Yes Bank, Zee Entertainment, Tata Motors, GAIL India and Bharti Infratel. Meanwhile, the benchmark indexes continue to trade with a positive bias as Reliance Industries, HDFC Bank, Infosys, Kotak Mahindra Bank

India's top digital payments firm Paytm on Tuesday launched a credit card with Citigroup, widening its financial product base while giving its banking partner an opportunity to vastly expand its credit card customer base in the country.

The new card should help Paytm stay a

IRCTC or Indian Railways Catering and Tourism Corporation offers Tatkal, a train ticket booking service for travelling on an urgent basis. Tatkal tickets can be booked by individuals by paying a premium over the normal fare a day ahead of the

Jet Airways shares fell nearly 7 per cent on Wednesday, a day after its chief executive officer Vinay Dube resigned. Jet Airways' share price opened lower at Rs 121.10 apiece on the National Stock Exchange (NSE), and declined to Rs 120.00 apiece at the d

Indian Railways enables passengers to book monthly, multiple journey tickets for frequent travel on one route. A season ticket is valid for multiple journeys over a particular period of time, such as monthly season tickets (MST). Season train

Wholesale inflation eased to 3.07 per cent in April, from a three-month high of 3.18 per cent in the previous month, government data showed on Tuesday.

Separate data on Monday showed that consumer inflation picked up to 2.92 per cent last month, compared to 2.86 per cent in March. CPI or Consumer Price Index data fuelled hopes of monetary easing by

The rupee appreciated by 23 paise to 70.21 against the US dollar in opening trade Wednesday, driven by easing crude prices, a higher opening in domestic equities and hopes about easing US-China trade tensions.

Forex dealers said that investor sentiment was

Life Insurance Corporation (LIC) of Indian, the country's largest life insurance company offers various insurance products which include endowment and term insurance plans. LIC's Jeevan Labh Policy is one of the endowment insurance plans being offered by the

Jet Airways did not mention a replacement for Amit Agarwal

Jet Airways shares fell as much as 6.05 per cent on Wednesday, a day after its chief executive and two other senior executives stepped down, raising serious doubts over the revival of the debt-laden airline.

CEO Vinay Dube, head of finance

After Jet Airways CEO Vinay Dube resigned with immediate effect from the company, its Chief People Officer Rahul Taneja has also quit the debt-laden airline, sources told TheIndianSubcontinent. Meanwhile, Jet Airways informed

Domestic stock markets started Tuesday's session on a choppy note with the benchmark indexes switching between gains and losses in the first few minutes of trade, a day after government data showed inflation picked up last month. The S-P BSE Sensex index traded in

Domestic stock markets started Wednesday's session on a strong note, tracking a recovery in Asian peers on hopes of easing US-China trade concerns. The S-P BSE Sensex rose as much as 220.52 points to hit 37,539.05 in early deals, and the NSE Nifty moved to 11,274.30, up 52.25 points from the previous close. Strength in financial and energy

Gold prices on Tuesday rose by Rs 377 to Rs 33,395 per 10 grams news agency Press Trust of India reported quoting the All India Sarafa Association. The jump came due to rise in domestic demand. Tracking gold, silver too gained Rs 300 to Rs 38,300 per kg on increased offtake by industrial units and coin makers. Apart from uptick in local demand,

Majority of the stakeholders in the real estate sector including developers and financial institutions expect sales in the residential segment to increase in the coming six months, a Knight Frank report said on Monday.

According to

Paytm Mall on Tuesday said it has been hit by a cashback fraud which could be in the range of Rs 5-10 crore. The fraud was detected through a tool that the company developed in partnership with global professional services firm EY (formerly Ernst and

Monsoon rains will arrive on its southern coast on June 4 and deliver less rain than average this year, a private weather forecaster said on Tuesday, lowering prospects of higher farm and economic growth in the $2.6 trillion economy.

Monsoon

The country's largest cigarette maker ITC on Monday informed exchanges that its board of directors has appointed Managing Director Sanjiv Puri as its Chairman with immediate effect following the demise of YC Deveshwar, who was the chairman and

The creditors' panel of debt-laden Jaypee Infratech on Tuesday decided to vote on the revised offer of NBCC as more than 20,000 home buyers favoured the voting process for the state-run firm's bid even as bankers dissented, sources said. The voting

India fears China could soon start flooding excess steel into its market after the United States raised tariffs on Chinese products due to the escalating trade war between the world's two largest economies, according to three government sources and

India's annual retail inflation picked up in April to 2.92 per cent compared with 2.86 per cent in March, government data showed on Monday. Analysts polled by Reuters had forecast April's annual increase in the consumer price index at 2.97 per cent.

COMMENTARY

Deepthi Mathew, economist, Geojit Financial Services, Chennai:

"The

Bad loan recoveries in the last fiscal year through the Insolvency and Bankruptcy Code (IBC) route stood at Rs 70,000 crore, posting a recovery rate of 43 per cent, according to a report by credit ratings firm Crisil. The amount was twice

The S-P BSE Sensex and NSE Nifty 50 Indexes snapped their nine-day losing streak led by gains in Reliance Industries, ITC, Larsen - Toubro, State Bank of India and ICICI Bank. Earlier in the day, Sensex and Nifty edged lower but late buying in

China said on Monday it would impose higher tariffs on a range of US goods, striking back in its trade war with Washington shortly after US President Donald Trump warned it not to retaliate.

China's finance ministry said it plans to set import tariffs ranging from 5 per cent