Business

Uber, the ride-hailing pioneer, is set to go public on Friday with a valuation of around $86 billion, in the most highly-valued stock introduction in years. But Uber says its real strength isn't in being a taxi alternative. Instead, it is its ability to apply its vast data trove and routing software to rewrite how goods and people

Domestic petrol and diesel prices were lowered on Thursday after at least two days of status quo. With effect from 6 am on Thursday, the price of petrol was at Rs 72.84 per litre in Delhi and Rs 78.44 per litre in Mumbai, a cut of about 15-16 paise per litre co

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

In what seems to be suggesting the airline's revival remains a far-fetched possibility, Jet Airways' Whole Time Director Gaurang Shetty has decided to move on from the company as his resignation has been approved.

Shetty has been an old-timer and held many senior positions in the company before being appointed as director on the Board.

"Gaurang

Indians bought 23-tonne gold on the occasion on Akshaya Tritiya this year, a rise of four tonne as compared to the previous year, said Surendra Mehta, National Secretary of the India Bullion and Jewellers Association (IBJA), on Wednesday.

Market sources said the bullion market

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

India's largest passenger car manufacturer on Thursday said it cut its production by 9.6 per cent to 147,669 units in April this year from 163,368 in April 2018.

The company produced 109,498 passenger cars last month, 11.9 per cent lower that 124,356 it produced in April last year.

Production

The United States will raise tariffs on $200 billion worth of Chinese imports to 25 per cent from 10 per cent effective on Friday, according to a notice posted to the Federal Register on Wednesday.

The US Trade Representative's office will establish a

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

The Ministry of Corporate Affairs (MCA) is likely to ask Serious Fraud Investigation Office (SFIO) to probe the alleged fund diversion and writing off of investments by Jet Airways.

The fresh investigation follows recommendation given by MCA's Mumbai regional

The Finance Ministry is closely watching the economic costs of oil imports from other alternative markets like Iraq and Saudi Arabia, following the United States' withdrawal earlier this month of the waiver granted last year to some countries by the US on its Iran sanctions.

Followin

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

The Supreme Court on Thursday ordered a withdrawal of special facilities given to beleaguered real estate company Unitech's promoters Sanjay Chandra and Ajay Chandra, news agency ANI reported. Both have been lodged in Delhi's Tihar Jail since August 9, 2017. The matter relates to alleged siphoning of home-buyers' money by the property developer.

State Bank of India (SBI), the country's largest lender, offers loan against shares to its existing customers. Individuals holding DEMAT accounts with SBI Cap Securities - part of the SBI group - can avail a loan of up to Rs 20 lakh under SBI loan against shares

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

The S-P BSE Sensex and NSE Nifty 50 Indexes fell for seventh day in a row to lowest level in two months tracking sharp losses in Asian peers, where equities slumped as investors waited to see whether Chinese and US trade negotiators can

Gold prices rose by Rs 180 to Rs 32,850 per 10 grams at the bullion market here Wednesday due to fresh buying from jewellers amid a firm trend overseas, according to the All India Sarafa Association. Tracking gold, silver too gained by Rs 100 to Rs 38,220 per kilogram following increased offtake by industrial units and coin

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 extended recent losses on Thursday and were on track to close lower for a seventh session in a row. Selling pressure in Reliance Industries, HDFC Bank, HDFC, ITC, Larsen - Toubro and NTPC

SBI or State Bank of India offers a range of online services through its internet banking portal, onlineSBI.com. One such facility, the Instant Money Transfer or IMT service, enables users to make electronic instant transfers of funds to other

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

Mumbai's auto dealers are facing the impact of India's automobile sector hitting a speed breaker.

Passenger vehicle growth in the financial year ended March was the slowest since 2014, according to a top industry body. Auto stocks have lost a staggering $42 billion in the last 16 months.

Experts are now linking this to demonetisation, GST and the

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

Domestic stock markets started Thursday's session on a lower note, with the Nifty slipping below the 11,300 mark for the first time since March 13, tracking weakness in Asian peers where equities dropped to six-week lows 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

-- 50% in 1AC and 2 AC

-- 25% in 3AC - AC Chair Car of Rajdhani/Shatabdi trains

-- 50% in MST

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