Business

Chiefs of all public sector banks have been asked to be ready with their consolidation plan so that it could be placed before the alternative mechanism (AM) of the new government as soon as it is formed, official sources said. The next

As the Bharatiya Janata Party-led National Democratic Alliance (NDA) government is set for its second term in office, realty players want the government to resolve the liquidity crisis in the industry at the earliest.

In the upcoming full budget, developers say the government should

After rising for the past few weeks, the country's foreign exchange reserves declined $2.057 billion to $417.998 billion in the week to May 17 on account of a fall in foreign currency assets, RBI data showed Friday. In the previous week, the reserves had risen by $1.368 billion to reach $420.055 billion. In the reporting week, foreign

Interglobe Aviation, the owner of budget airline IndiGo, forecast a strong year ahead on Monday, after the collapse of Jet Airways helped the company report a five-fold jump in profit for the fourth quarter.

IndiGo, the country's largest airline by market share, gained passengers in recent months given funding woes at Jet Airways, which

Recurring Deposit (RD) is a kind of term deposit under which investors need to deposit a fixed amount at a fixed interval, which generates a guaranteed interest income. Unlike a fixed deposit (FD) account, in which a lump-sum amount is locked in for a defined period against a fixed return, an RD account allows the investor to invest fixed amount

Regular savings bank accounts require customers to maintain a certain average monthly balance (AMB). Top banks such as State Bank of India (SBI) and HDFC Bank have fixed their average monthly balance requirements according to the location of a

The Central Information Commission (CIC) has directed the Reserve Bank of India to disclose the list of big loan defaulters it had sent to banks for resolution. The CIC's directive came while deciding on a plea by Lucknow-based activist Nutan Thakur, who had based her RTI application on some media reports that RBI Deputy Governor Viral

The formation of the new government at the centre along with GDP data and derivatives expiry will dictate the trends of the domestic equity market in the coming week.

The BJP-led National Democratic Alliance (NDA), which comprehensively

The rupee on Friday rallied 49 paise to close at 69.53 against the dollar in line with a massive surge in domestic equities following a decisive mandate for PM Narendra Modi's BJP in the general elections. On weekly basis, the domestic currency

Domestic stock markets extending their gains to a second consecutive session to end at record closing highs on Monday. The S-P BSE Sensex rose 248.57 points - or 0.63 per cent - to end at 39,683.29, and the NSE Nifty index finished

Low-cost carrier Air Asia India has dropped its plan to lease B737 aircraft of grounded Jet Airways as the Tata group venture carrier wants to continue with one type of aircraft.

"Air Asia India had informed the aviation regulator about their plan to lease some of the B737 airplanes that were operated by Jet Airways. But later it did not

Mother Dairy, the leading milk supplier in the national capital region, on Friday hiked milk prices by up to Rs 2 per litre, effective Saturday, citing higher procurement cost from farmers. 

The company has increased the prices of only poly pack milk and

The recent slowdown in the economy stem not only from slow investment growth and subdued exports but also from weakening growth in consumption demand, industry body Ficci has told the Finance Ministry.

In a pre-Budget 2019-20 memorandum to the ministry, Ficci

Major lenders and post offices (which also provide banking services) across the country offer ATM-cum-debit cards with a certain withdrawal limit. Customers are charged for transactions at ATMs over and above the permitted number of free transactions. The ATM card charges apply depending on the type

Gold prices rose by Rs 200 to Rs 32,870 per 10 grams on Friday, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. Tracking gold, silver also gained by Rs 150 to Rs 37,550 per kg on increased offtake by industrial units and coin makers. The rise in gold prices came due to a pick-up in demand from local

India's benchmark 10-year bond yield dropped to its lowest level in more than a year on Monday buoyed by a fall in global crude oil prices and announcement of another round of open market operations by the central bank.

"There is also possibly some foreign portfolio investor buying happening in the market," a senior trader at a private bank

IndiGo announced new domestic flight connections at a starting all-inclusive price of Rs 2,499, according to airline's official website- goindigo.in. The new flights introduced by the carrier, will be operated on Shillong-Kolkata route, starting from July 20, 2019. Bookings

Domestic carrier Vistara, a joint venture between country's Tata Group and Singapore Airlines, said on Friday it has leased six additional aircraft from BOC Aviation to drive its expansion in the domestic market.

Vistara said it plans to lease four Boeing Co 737-800 aircraft which will be delivered in May and two Airbus A320neo planes

GoAir is offering flight tickets at a starting all-inclusive price of Rs. 899 in a limited-period sale. Under the scheme, flight tickets can be booked till May 29, GoAir said on microblogging website Twitter. Under the limited-period sale, bookings can be made for travel from June 15 to December 31, according to the airline's website, goair.in.

State Bank of India's small accounts are primarily meant for economically weaker section of society to encourage them to start saving without any burden of charges or fees. These accounts can be opened by any individual who is above 18 years and do not have officially valid

Indian Railway Catering and Tourism Corporation (IRCTC), which offers passenger ticketing and catering services to Indian Railways passengers online and from its mobile application also offers a service where in an individual can book an entire

The rupee appreciated by 19 paise to 69.34 against the US dollar on Monday, driven by weakening of the greenback and positive opening in domestic equities. At the interbank foreign exchange market, the domestic unit opened at 69.40 against

Indian Railways allows linking of two PNRs (Passenger Name Records) for connecting journey for both online and offline tickets. The one having first journey lap is considered the 'main journey PNR' and the later one is considered 'connected journey PNR',

Sensex share markets: ICICI Bank, HDFC Bank and Larsen - Toubro were the top Nifty gainers.

IRCTC or Indian Railway Catering and Tourism Corporation provides a special booking facility to enable users to book train tickets on a short notice. The Indian Railways' Tatkal programme A Tatkal ticket can be booked by a registered IRCTC user by paying

In another setback to Vijay Mallya, the UK High Court on Friday directed the embattled liquor tycoon to pay British beverage giant Diageo over $135 million in relation to a collateral arrangement.

Diageo is seeking a total of $175 million from the 63-year-old businessman

Jet fuel prices have reached nearly 85 dollars per barrel -- the highest level since November 2018 -- mainly due to the US decision to end sanction waivers on Iran oil imports, according to the International Air Transport

Domestic stock markets started Monday's session on a positive note amid choppy trade, shrugging off weakness in Asian peers on US-China trade concerns. The S-P BSE Sensex rose as much as 219.46 points to

The Reserve Bank of India (RBI) on Friday proposed introducing a liquidity coverage ratio (LCR) for large non-banking finance companies (NBFC) to help tackle liquidity problems in the sector.

The central bank said it planned to implement

With the ruling National Democratic Alliance (NDA) returning to power at the centre, mid-cap and small-cap companies are likely to be the more attractive options for investors in terms of value, a market analyst report said on Friday.

Mid-cap is the term given to firms with medium-sized market capitalisation.

"With NDA coming back into power we can