Business

The rupee on Monday fell sharply by 59 paise to close at nearly two-and-a-half-month-low of 70.51 against the US dollar, reported news agency Press Trust of India (PTI). The fall came due to persistent foreign fund outflows from Indian markets

Domestic stock markets started Monday's session on a weak note tracking sharp losses in global peers. The S-P BSE Sensex fell as much as 143.99 points to 37,319.00 in early trade, and the NSE Nifty moved to 11,230.70, down 48.2 points from the previous

IRCTC (Indian Railway Catering and Tourism Corporation) Tourism is offering a tour package of five nights and six days to Kalimpong, Gangtok and Darjeeling, according to IRCTC Tourism's official website, irctctourism.com. The tour, which will start

Consumer inflation picked up to 2.92 per cent in April as against 2.86 per cent in the previous month, government data showed on Monday. That meant the consumer inflation - or the rate of increase in consumer prices - remained below the Reserve Bank of India's

Indian Railways has certain luggage carrying rules under which each passenger is allowed a free allowance up to which he/she can carry luggage in the compartment. The free allowance varies for different classes of travel, said Indian Railways on

Food and beverages giant PepsiCo India on Friday withdrew the two lawsuits it had filed against nine Gujarat farmers for allegedly growing a variety of potato on which it claimed exclusive rights. Anand Yagnik, the lawyer for the farmers,

Sales of cars and SUVs in India slumped the most since October 2011, adding to a slew of bad news that points to a slowdown in the world's fastest-growing major economy.

Passenger vehicle sales in April fell 17.1 per cent to 247,541 units from a year earlier, dat

The resolution process of Jaypee Infratech Ltd (JIL) seems to be heading towards yet another period of stalemate as the lenders want withdrawn the conditions mentioned by NBCC in its bid, while the state-run construction major is unlikely

Reliance Industries Ltd plans to shut a 330,000 bpd crude unit at its India market-focused oil refinery in western Gujarat state for 2-4 weeks for routine maintenance from mid-June, two industry sources with knowledge of the matter said on Friday.

The company will also shut some secondary units at the Jamnagar refinery, which has a

State Bank of India, the country's largest lender, offers education loans for higher studies. State Bank of India offers student loans to Indian citizens for pursuing higher education within the country or abroad, at interest rates starting from 10.5 per cent, according to

India Post or Department of Posts, which runs the postal network of the country, offers nine saving schemes with different interest rates. Investment in some of the schemes also qualify for income tax benefits, said India Post. The schemes which offer income

Tata Steel Group on Friday said the proposed merger of its European operations with Thyssenkrupp of Germany has hit a road block after the European Commission has raised many objections to the deal. Tata Steel Europe and Thyssenkrupp had signed definitive agreements on June 30, 2018 to create a 50:50 pan-European joint venture. "The

Ratings agency Crisil has lowered its rating of Dewan Housing Finance Corporation's (DHFL) commercial papers worth Rs 850 crore citing a more-than-expected reduction in the company's liquidity. In a statement on Monday, the agency said it reduced the

There is an "imminent crisis" in the non-banking financial companies (NBFCs) sector as misadventures by some large entities and credit squeeze present a perfect recipe for disaster, a senior government official has said. In recent months,

India's industrial output in March contracted 0.1 per cent from a year earlier, government data showed on Friday.

Analysts polled by Reuters had forecast March industrial output growth at 1.3 per cent.

Industrial output for 2018/19 grew at 3.6%, data showed.

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India's crude import bill will grow fatter despite numerous measures by successive governments to reduce its dependence on crude.

A Moody's report on Monday said that "India's oil and gas consumption will support its investments in refining capacity and upstream production, but crude imports will keep growing amid stagnant production".

Ind

If you want to open a bank account without maintaining a minimum balance, a BSBD or basic savings bank deposit account is your answer. A person does not need to maintain a minimum or maximum amount in case of a BSBD account. Banks such as State Bank of

Hamleys, the world's oldest toy retailer, is set to pass from Chinese to Indian control after Reliance Industries said it had agreed to buy the British high street icon in a deal worth $88.5 million.

Through its Reliance Brands subsidiary, the

Gold prices on Monday rallied by Rs 65 to Rs 33,018 per 10 grams reported news agency Press Trust of India quoting the All India Sarafa Association. The rise came on the back of fresh buying by jewellers. Silver, however, declined by Rs 175 to Rs 38,000 per kg on reduced offtake by industrial units and coin makers. Despite a weak global trend,

Oil-marketing companies reduced petrol and diesel rates across the four metro cities on Sunday for the fourth straight day. Petrol is priced at Rs. 71.73 per litre in New Delhi, Rs. 73.79 per litre in Kolkata, Rs. 77.34 per litre in Mumbai and Rs. 74.46 per litre in Chennai, according to

Gold prices were almost flat at Rs 32,900 per 10 grams in the bullion market on Friday, reported news agency Press Trust of India quoting the All India Sarafa Association. Meanwhile, silver rose by Rs 380 to Rs 38,600 per kg on increased offtake by industrial units. Gold prices rose slightly by Rs 10 on rise in domestic demand, said the report

Indian equity benchmarks logged in ninth straight session of losses as foreign investors sold shares in Indian markets on Friday after hopes of US-China trade deal were crushed and neither side showed a willingness to budge. Losses in today's session were paced by declines in Sun Pharma, Yes Bank, Tata Steel, IndusInd Bank, Tata Motors and ITC.

An already nervous global financial markets may not see a recovery anytime soon as China has stated that it will respond to tariffs slapped by the US. International markets along with the domestic equities will take its cue from the magnitude of

Air India announced on Friday that it will offer hefty discounts on seats available within 3 hours of departure. "The national carrier has decided for the domestic sector that 'very last moment inventory' that is available seats within three hours of

IRCTC (Indian Railway Catering and Tourism Corporation) Tourism is offering a tour package of five nights and six days to Meghalaya. The tour will comprise flights connecting Bengaluru with Guwahati and a motorcycle-based journey to Mawsynram and Mawlyngbna in

Prices of petrol and diesel were slashed across the four metro cities on Saturday by oil-marketing companies for the third straight day. Petrol is priced at Rs. 72.15 per litre in New Delhi, Rs. 74.21 per litre in Kolkata, Rs. 77.75 per litre in

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

Bitcoin hovered above $7,000 on Monday, close to nine-month highs, as the biggest cryptocurrency's 2019 rally gathered steam.

Bitcoin was last up 1.1 per cent at $7,056 on the Bitstamp exchange after soaring 14 per cent on Saturday - its second

Noted industry leader and ITC chairman YC Deveshwar, who transformed the cigarette major into a diversified player with interests in FMCG, hospitality, IT and other sectors, passed away on Saturday morning after a brief illness. Mr Deveshwar,

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