Business

The Department of Telecommunications will settle all issues related to merger and transfer of licences in the sector on a priority basis, an internal note of the ministry said.

"In the last two years there has been consolidation in the telecom

SpiceJet on Thursday announced the launch of new flights on domestic and international routes. SpiceJet announced a daily direct flight on Mumbai-Jeddah-Mumbai sector and six new flights connecting Mumbai, according to a press release shared by the private sector airline. The new flights to Jeddah will start from July 5 and the domestic flights

Investors in India are bracing for an extreme event risk next week: Prime Minister Narendra Modi failing to retain power.

The optimistic tone for the nation's assets has fizzled out as the trade impasse combines with concern about PM Modi's ability to

A section of grounded Jet Airways' employees comprising members of airline unions have written to SBI Caps seeking asset and other financial details of the crisis-hit company for raising $700 million (Rs 4,917 crore) from a mix of domestic and

Jet Airways said on Friday that Robin Kamark resigned as nominee director of Etihad Airways PJSC. Mr Kamark's resignation took effect on May 16, said the grounded airline. The carrier had appointed him in November last year. Mr Kamark's resignation from Jet Airways follows a series of top management exits earlier this week, as the cash-starved

Indian Railway Catering and Tourism Corporation (IRCTC) provides an online service where enables waitlisted train ticket holders to know about their chances of getting a confirmation. IRCTC - the online ticketing arm of the Indian Railways -

Even as some industry veterans believe that grounded Jet Airways may have hit the end of the road, State Bank of India (SBI) Chairman Rajnish Kumar remains optimistic that clarity over the future course of the airline will emerge in a

Key lenders in the country offer the service of ATM-cum-debit cards but levy certain charges for making transactions at ATMs. The country's largest bank, State Bank of India or SBI, also offers these facilities but allows limited number of ATM transactions free of cost every month. The number of permitted free transactions at ATMs in a month

IRCTC or Indian Railway Catering and Tourism Corporation provides a special facility that enables users to opt for alternative trains in case their primary tickets do not get confirmed. Called VIKALP, this scheme is available for passengers of

India Post or Department of Posts, the postal system of the country, provides a range of services. India Post, which has a network of over 1.5 lakh post offices across the country, offers several savings schemes with different interest rates. One

Gold prices on Friday declined by Rs 160 to Rs 33,170 per 10 grams, reported news agency Press Trust of India quoting the All India Sarafa Association. The fall came due to tepid demand from jewellers amid weak global trend.  Similarly, silver also slumped Rs 625 to Rs 37,625 per kg on reduced offtake by industrial units and coin makers. Sentiment

Domestic stock markets started Friday's session on a higher note amid a mixed trend in global peers, a day after the central bank asked non-banking financial companies to appoint risk officers. The S-P BSE Sensex rose as much as 237.9 points to touch 37,631.38 in early trade, and the NSE Nifty moved to 11,319.00, up 61.9 points from the

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 Tax Savings Scheme, 2006, which is a kind of fixed deposit or term deposit. Resident Indians as an

Spencer's Retail Ltd will buy upmarket grocery chain Nature's Basket from Godrej Industries for Rs 300 crore ($42.76 million), the companies said on Friday.

Spencer's, a part of RP Sanjiv Goenka Group (RPG), already runs its own grocery stores in

IRCTC Tourism is offering a tour package of four nights and five days to Nainital, Mukteshwar, Bhimtal and Sattal at tariffs from Rs. 13,050 per person. The tour will start from Lucknow, IRCTC Tourism - the tourism arm of the Indian Railways - said on

Seeking to fill the void created by Jet Airways' suspension of operations and peak summer travel demand, state-run Air India has added capacity on the busy Delhi-Dubai, Mumbai-Dubai and Delhi-Mumbai sectors.

India-Dubai is considered one of the most lucrative sectors as demand is always very high on the route due to high business as well

Indian equity benchmarks extended gains and the S-P BSE Sensex surged over 500 points and NSE Nifty 50 Index climbed above psychological level of 11,400 ahead of exit polls due after the last phase of voting for general elections on May 19. Equity markets rose

The principal bench of the National Company Law Tribunal (NCLT) has directed market regulator Securities and Exchange Board of India (Sebi) to de-attach the properties of a corporate debtor attached during its execution proceedings.

The matter brings into focus the issue of the in-built disagreement between the Sebi Act and the

Oil-marketing companies slashed petrol prices while diesel rates were unchanged across the metros on Saturday. Petrol is priced at Rs. 71.03 per litre in New Delhi, Rs. 73.11 per litre in Kolkata, Rs. 76.64 per litre in Mumbai and Rs. 73.72 per litre in Chennai, according to state-run Indian Oil Corporation's (IOC) website, iocl.com. Petrol prices

The S-P BSE Sensex and NSE Nifty 50 Indexes extended gains paced by buying interest in Bajaj Finance, Bajaj Finserv, Hero MotoCorp, Hindustan Unilever, Kotak Mahindra Bank and Britannia Industries. Earlier in the day, Sensex and Nifty opened higher and built on the rally helped by gains in financials, auto, banking and capital goods shares.

Reserve Bank of India said on Thursday that shadow banks also known as non-banking finance companies (NBFC) with asset size of more than Rs 5,000 crore should appoint a chief risk officer (CRO) in a move to tighten regulation after a series of defaults at top

Saudi Aramco will supply state-run Indian Oil Corp Ltd (IOC) an extra 2 million barrels of crude a month from July to December, an IOC executive said on Friday, as New Delhi seeks to make up for a loss in supplies from Iran.

Saudi Arabia approached Indian buyers

NSE will appeal against a Sebi (Securities and Exchange Board of India) order in the co-location issue in which it has been penalised up to Rs 1,000 crore and barred from approaching market for the next six months at the Securities Applleate Tribunal (SAT).

When contacted, NSE spokesperson declined to comment. The exchange has made a regulatory

The rupee surged by 31 paise to close at 70.03 against the US dollar on Thursday amid a sharp rebound in the domestic equity markets, even as oil prices firmed up. This is the third straight session of gain for the domestic currency, during

The country's foreign exchange reserves rose by $1.368 billion to reach $420.055 billion in the week to May 10 on account of a rise in foreign currency assets, RBI data showed Friday.  In the previous week, the reserves had increased by $171.9 million to $418.687

With each of the Indian airlines vying for maximum share of the Jet Airways' foreign flying rights, Civil Aviation Secretary P S Kharola said on Friday the ministry will create a transparent standard operating procedure (SOP) to allocate these rights on a temporary basis. "We had asked airlines to confirm their requirement of (domestic)

The recently concluded Vodafone Idea rights issue has resulted in losses for the public shareholders, eroding 21 per cent of their shareholding value, according to industry sources.

As per the sources, the total loss to public shareholders is to

Snapping its three-session winning streak, the rupee on Friday declined by 20 paise to close at 70.23 against the US dollar as rising crude oil prices and recent foreign fund outflows weighed on investor sentiment. Forex traders said the decline in the local unit was in tandem with the weakness in other major Asian currencies vis-a-vis the

Life Insurance Corporation (LIC) of India, the country's largest life insurance company, offers various life insurance products or life insurance policies (LIC Policy). LIC's life insurance policies include term insurance plans, endowment insurance plans, pension plans and

Gold prices rose by Rs 70 to Rs 33,330 per 10 grams on Thursday, news agency Press Trust of India reported quoting the All India Sarafa Association. The increase came on the back of fresh buying from jewellers. Silver prices rose by Rs 50 to Rs 38,250 per kg on more offtake by