Business

The Sensex and Nifty fell sharply in Wednesday's session, closing lower for a sixth session in a row. The Sensex plunged 488 points to end at 37,789 and the Nifty 50 Index slumped 1.2 per cent or 138 points to close at 11,359. The Sensex fell as much as 534 points during the session, and the

Essar Steel's majority shareholder Essar Steel Asia Holdings (ESAHL) on Tuesday moved the National Company Law Appellate Tribunal (NCLAT) seeking the rejection of ArcelorMittal's bid to buy out the company.

"Lakshmi Mittal and ArcelorMittal India Ltd (AM) had

S-P BSE Sensex and NSE Nifty 50 indexes erased intraday gains and were on track to extend losses to fifth day in a row led by declines in heavyweights like Reliance Industries, ICICI Bank, ITC, Asian Paints and Tata Motors. Earlier in the day, Sensex and Nifty opened higher on

Indian equity benchmarks extended declines to sixth straight session paced by losses in Zee Entertainment, Vedanta, Reliance Industries, Tata Motors, Bajaj Finserv, Hindalco and Sun Pharma. The S-P BSE Sensex and NSE Nifty 50 indexes opened lower

Indian Railways issues season tickets to passengers who travel regularly between residence and their place of work or study. Season tickets are issued for suburban as well as non-suburban sections. Fares for first class monthly season tickets (MST) are four times the second class MST

A group of nine professionals have proposed to make the now-grounded Jet Airways an employee- and passenger-owned airline, sources told TheIndianSubcontinent. The group of professionals represents the minority shareholders of the cash-starved

The next flash point in India's credit markets could be real-estate debt.

That's the view of ICICI Prudential Life Insurance Co., a major corporate bond buyer and one of the country's top life insurers. The firm avoided investing in debt of stressed companies before credit market strains spread last year.

That crisis was triggered by shock defaults

Indians could buy at least 10 per cent more gold during the annual festival of Akshaya Tritiya than a year ago, industry officials said, as a dip in prices prompted consumers to increase purchases.

A rise in consumption by the world's

Domestic stock markets started Tuesday's session on a higher note, shrugging off continued weakness in Asian peers on renewed concerns about the US-China trade conflict. The S-P BSE Sensex jumped as much as 235.2 points to 38,835.54 in early trade while the NSE Nifty moved to 11,657.05, up 58.8 points from the previous close. Advances in

India is going through one of the greatest periods of wealth creation -- and destruction -- all at the same time.

A new breed of self-made entrepreneurs is vaulting into the ranks of the wealthy, offsetting billions lost by debt-burdened industrialists and members of the country's old dynasties. The changes are set to help India's ultra-rich

Proxy advisory and corporate governance firm InGovern on Tuesday said that Britannia Industries violated market regulator Sebi's (Securities and Exchange Board of India) listing regulations by not reporting the recent arrest in Japan of its promoter Ness Wadia.

Ness Wadia, son of

Bharti Airtel on Monday reported a net profit of Rs 107.2 crore for the quarter ended March 31. That marked an increase of 29.31 per cent in net profit compared to Rs 82.9 crore for the corresponding period a year ago. Monday's earnings report marked first increase in profit after 11

Vedanta shares fell more than 4 per cent on Wednesday, a day after the mining company reported its quarterly earnings. Vedanta share price declined to as much as Rs 156.80 apiece on the National Stock Exchange (NSE) in early trade, marking an intraday decline of 4.1 per cent compared to the previous close. The Vedanta stock price opened at Rs 1

Vedanta Ltd on Tuesday posted a better-than-expected fourth-quarter profit, helped by an increase in international demand for zinc.

Rising global prices of metals such as zinc and copper have helped Vedanta fight challenges from mine shutdowns in India. Zinc prices climbed 14 per cent so

The rupee on Monday fell by 18 paise to close at 69.40 against the US dollar as renewed trade war worries following US President Donald Trump's threat to raise tariffs on Chinese imports sent markets into a tailspin and triggered flight of capital to safe

Domestic stock markets started Wednesday's session on a weak note, tracking a sharp fall in global markets on renewed concerns about world economic growth. The S-P BSE Sensex declined as much as 245.25 points to 38,031.38 in early deals, and the NSE Nifty slid to 11,429.15, down 68.75 points from the previous close, as the markets e

India's oil imports from Iran fell about 57 per cent year-on-year in April, according to tanker arrival data seen by Reuters, the last month when Delhi was allowed to load Iranian oil ahead of US sanctions stopping purchases of oil from

Banks today charge a penalty from their customers failing to meet the minimum balance requirements applicable to savings accounts. Public sector lender State Bank of India (SBI) and its private sector peers ICICI Bank and HDFC Bank levy a penalty

The EPFO or Employees' Provident Fund Organisation provides an online facility that enables EPF (Employees' Provident Fund) subscribers to access their passbook. The EPF passbook contains a statement of the contributions to an EPF account. EPF s

Naresh Goyal, founder of the now-grounded airline Jet Airways, wrote to his colleagues that the 26th anniversary of the carrier was "the saddest of all days". Describing the cash-starved airline's last flight in the early hours of April 18 this year as a "sad coincidence", Mr Goyal said the carrier had received its first aircraft in Mumbai on

Reliance Jio Infocomm, which offers telecom services under the brand Jio, offers a range of recharge plans with 1.5 GBs of high speed internet per day. Reliance Jio currently offers five different recharge plans priced from Rs 149 to Rs 1,699 under which

IRCTC or Indian Railway Catering and Tourism Corporation Tourism is offering a six-night tour package to Bengaluru, Mysore, Ooty and Coorg. The six nights and seven days-long tour will start from Lucknow and will be operated through the economy class

Tepid demand from jewellers pulled down gold prices by Rs 50 to Rs 32,670 per 10 grams on Tuesday, reported news agency Press Trust of India quoting the All India Sarafa Association. Silver too shed a marginal Rs 10 to trade at Rs 38,120 per kg. Fall in demand from local

In a major relief for state-run construction major NBCC, the Allahabad bench of the National Company Law Tribunal (NCLT) on Monday asked the Committee of Creditors (CoC) of Jaypee Infratech (JIL) to consider NBCC's revised bid to acquire the insolvent

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

Indian equity benchmarks fell for a fifth day in a row, posting their longest stretch of losses since February 19. The S-P BSE Sensex fell as much as 599 points from day's high and the NSE Nifty 50 Index fell below its important psychological level of 11,500. Analysts say

India's services sector expanded at its slowest pace in seven months in April as some businesses postponed decisions and expansion plans until seeing results of the general election currently underway, a private survey showed on Monday.

The Nikkei/IHS Markit

Jet Airways pilots' union National Aviator's Guild has moved the Supreme Court requesting it to direct State Bank of India to release the promised interim funding. The union has also urged the Civil Aviation Ministry and Director General of Civil Aviation (DGCA) not to

Piramal Enterprises said on Tuesday it had signed a memorandum of understanding (MoU) with Canada's biggest public pension fund to co-sponsor a $600 million infrastructure trust focused on renewable energy.

The Canada Pension Plan Investment Board

A fixed deposit (FDs) is a financial instrument which offers guaranteed return. Financial institutions such as banks, post office, small finance banks and non-banking financial companies offer fixed deposit accounts. Customers can deposit money in fixed deposits for a specific period, ranging from seven days to 10 years. Banks usually pay a higher