Business

India's car stocks have lost $42 billion in value in the last 16 months, and some analysts say the rout may not be over.

A gauge of automobile companies has fallen 30 percent since reaching a record in December 2017, and is the worst-performer

Tata Motors' sales of commercial and passenger vehicles declined 20 per cent in April to 42,577 units as weak consumer sentiment continued, the auto maker said on Thursday. Tata Motors' sales had stood at 53,511 units in the corresponding period a year

Domestic petrol and diesel prices were lowered marginally on Thursday. While the prices of petrol in Delhi and Mumbai were lowered by 6 paise per litre compared to the previous day's rates, those of diesel were cut by 5 paise per litre and 6 paise per litre respectively, data from Indian Oil Corporation showed. Thursday's revision in petrol prices

The last stronghold in embattled tycoon Anil Ambani's phone carrier-to-power empire is also developing fault lines.

Reliance Capital Ltd., his financial services business that almost doubled its profit in five years, had largely remained insulated

The National Company Law Appellate Tribunal (NCLAT) on Thursday allowed bankers to declare the loans of debt-ridden Infrastructure Leasing and Financial Services (IL-FS) as non-performing assets (NPAs), news agency ANI reported. However, the banks cannot start their recovery proceedings, the NCLAT said.

The next hearing on the matter is

The Federal Reserve on Wednesday held interest rates steady and signaled little appetite to adjust them any time soon, taking heart in continued job gains and economic growth and the likelihood that weak inflation will edge higher.

"We think our policy stance is appropriate at the moment; we don't see a strong case for moving it in

Jet Airways shares dropped as much as 8 per cent on Friday, extending their fall to a fifth consecutive session. On the Bombay Stock Exchange (BSE), Jet Airways share price fell to as much as Rs 124.25 apiece in morning deals, marking a fall of 7.86 per cent from its previous close of Rs 134.85. On the National Stock Exchange (NSE), the Jet A

Indian Railways, which has a network of more than 1 lakh kilometres, allows its passengers to break journey once for two days for holders of journey tickets of more than 500 kilometres, according to information on https://www.indianrail.gov.in. The facility is allowed

The S-P 500 index notched a fresh record high on Wednesday, as gains in Apple Inc's shares after forecast-beating results powered a rally in technology stocks ahead of the Federal Reserve's latest policy announcement.

Shares of the iPhone maker jumped 5.3 per cent after the

Domestic stock markets started Friday's session on a higher note, after two days of losses. The S-P BSE Sensex index rose as much as 142.42 points to 39,123.85 in early trade, and the broader NSE Nifty moved to 11,759.95, up 35.2 points from the previous close. Gains in banking, financial services and energy stocks supported the markets,

The S-P BSE Sensex and NSE Nifty 50 Indexes ended lower for second session in a row as banking and information technology sector heavyweights like ICICI Bank, Infosys, Tata Consultancy Services, IndusInd Bank and Axis Bank came under selling pressure. For most part of the

GST or Goods and Services Tax collections came in at a record high of Rs 1,13,865 crore in April, the government said on Wednesday. That was the highest monthly collection of revenue since the implementation of GST, the Ministry of Finance said

Domestic petrol and diesel prices remained steady on Friday. With effect from 6 am, the price of petrol stood at Rs 73.07 per litre in Delhi and Rs 78.64 per litre in Mumbai, according to a notification from Indian Oil Corporation. Diesel prices remained at Rs 66.66 per litre and Rs 69.77 per litre in the metros respectively, according to s

Major banks today require their customers to maintain a certain minimum balance in their savings accounts to avoid penalty charges. From public sector lender State Bank of India (SBI) to its private sector peers ICICI Bank and HDFC Bank, the top

PM-SYM or Pradhan Mantri Shram Yogi Maan-Dhan is a voluntary contributory pension scheme for unorganised workers. Launched by the government in March 2019, the PM Shram Yogi Maan-Dhan scheme offers subscribers a minimum guaranteed pension of Rs 3,000 per

Gold price in Delhi declined by about 0.8 per cent in Delhi on Thursday. Weak demand from jewellers amid weak global cues led to a fall of Rs 250 per 10 grams in the gold price, the All India Sarafa Association said. Tracking gold price, the rate of silver also declined by Rs 825 to Rs 37,700 per kg due to reduced offtake by industrial

Vegan burger maker Beyond Meat Inc, which counts Microsoft founder Bill Gates and actor Leonardo DiCaprio among its investors, on Wednesday priced its initial public stock offering at $25 per share, the top of its anticipated range in a reflection of brisk investor demand.

At this price, Beyond Meat raised around $240 million at a $1.5 billion

The Northern Railway, which caters to one of the zones served by the Indian Railways, has started summer special trains in order to clear extra rush during the summer season. In total, nine special trains have been introduced on various routes

Some foreign investors in National Stock Exchange (NSE), which the market regulator has slapped with a steep fine and a six-month ban from public fundraising, are urging the bourse not to challenge the penalty and focus instead on a long-awaited initial public offering.

The

Jet Airways shares extended their fall to a fourth session in a row to hit a new 52-week low on Thursday, a day after the Delhi High Court issued a notice to the grounded airline on a plea seeking government intervention to ensure refunds for affected p

Once again, we're debating the purpose of corporations. On one side, progressives such as Sen. Elizabeth Warren argue that companies - given broad rights in court decisions such as Citizens United v. Federal Election Commission - must also accept broad social responsibilities such as paying attractive wages and protecting the environment.

On the

India's economy appears to have slowed down slightly in 2018-19, the department of economic affairs under the Ministry of Finance has said in its monthly economic report for March 2019. The factors responsible for this slowdown include declining growth of

Domestic stock markets recovered all of the day's losses in late morning deals on Thursday amid gains in financial stocks. The S-P BSE Sensex jumped as much as 158.4 points to 39,189.95, rising 306.96 points - or 0.79 per cent - from the day's low. The National Stock Exchange (NSE)'s Nifty index moved to 11,789.30, up 41.15 points from the

Describing India as a "challenging market in the short-term", Apple chief executive officer Tim Cook said the company plans to make a foray into the Indian market with "all of our might" through its retail stores and manufacturing

Indigo Partners and Lufthansa are among the likely bidders for Thomas Cook's airline business, with a deadline of May 7 set for expressions of interest, sources said.

The heavily indebted British travel group put its profitable airline business up

State Bank of India (SBI)'s new interest rate applicable to balances above Rs 1 lakh in its savings accounts came into effect from Wednesday. The move by the country's largest bank lowers the interest payable to its customers holding balances above Rs 1 lakh in

The National Stock Exchange (NSE) said on Wednesday that market regulator Sebi's orders will not affect its functioning as a recognised stock exchange. The statement from the stock exchange came a day after the

Mahindra - Mahindra on Thursday reported a 9.1 per cent drop in auto sales in April. In a regulatory filing, the auto maker said its sales stood at 43,721 units, as against 48,097 units in the corresponding period a year ago. Mahindra - Mahindra's

Domestic stock markets started Thursday's session on a lower note amid a selloff in automobile stocks. The S-P BSE Sensex fell as much as  148.56 points to 38,882.99, and the NSE Nifty moved to 11,699.55, down 48.6 points from the previous close. At 9:39 am,

The Delhi High Court Wednesday issued a notice to Jet Airways on a plea seeking directing the Civil Aviation Ministry and DGCA to ensure refunds or provide alternative travel mode for passengers who have booked tickets with the airlines which has