Business

Indian Oil Corporation Limited (IOCL), the country's largest commercial enterprise and largest state-run crude oil refinery operator, is hiring research officers and a chief research manager. The hiring is on for its research and development (R-D) facility located at

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 from Bhubaneswar, will

Petrol prices were increased by 6-7 paise per litre while diesel rates remained unchanged across Delhi, Mumbai, Kolkata and Chennai on Saturday, according to state-run Indian Oil Corporation's official website - iocl.com. Currently, the domestic prices of petrol and

Oil-marketing companies increased the prices of diesel, whereas petrol prices were unchanged across the four metro cities on Monday. Diesel rates stood at Rs. 66.66 per litre in New Delhi, Rs. 68.40 per litre in Kolkata, Rs. 69.77 per litre in Mumbai and Rs. 70.39 per litre in Chennai,

Johnson - Johnson has strongly rejected findings of a Rajasthan government laboratory showing presence of "harmful" chemicals in the US-based company's baby shampoo, a popular product in India. Based on the report of the Drug Testing Laboratory in

Under a new head after the forced exit of its promoter-chief executive Rana Kapoor, Yes Bank on Friday reported a whopping Rs 1,506 crore net loss for the March quarter as against a profit of Rs 1,179 crore in the year-ago period as provisions soared

India Post, under the Department of Posts, offers a range of small savings schemes such as Sukanya Samriddhi Yojana. The interest rates on small savings schemes such as Sukanya Samriddhi Yojana are reviewed on a quarterly basis. Focussed on the girl child, Sukanya

Even as Deloitte Haskins and Sells remains perched precariously on the high wire over its questionable role in the IL-FS audit process, it appears that the Ministry of Corporate Affairs may invoke section 140 (5) of the Companies Act to debar

Airline major SpiceJet on Friday said it will commence two new daily flights connecting the underserved market of Durgapur with Mumbai from June 25. The Durgapur-Mumbai-Durgapur route was awarded to the airline under UDAN III and is exclusive to the airline, thereby making it the

State Bank of India, the country's largest lender, and financial institutions such as the post office offer a maturity period ranging from seven days to 10 years for fixed deposits. The fixed deposit interest rate varies from 5.75 per cent to 7

Global crude oil prices along with macro-economic data points, coupled with fourth quarter (Q4) earning results might induce volatility in the domestic equity markets during the coming week.

According to market observers, the last few phases of the general election and the rupee's movement against the US dollar can also trigger volatility

The rupee rebounded by 23 paise to close at 70.02 against the dollar on Friday after Brent crude oil prices receded from a six-month high of $75.60/barrel. Forex traders said the greenback's weakness against key rivals overseas, sustained foreign fund

The State Bank of India on Monday filed a recovery suit against Prashant and Ravi Ruia, before the Debt Recovery Tribunal (DRT) in Gujarat.

Essar Steel Lenders led by the SBI are saddled with dues of over Rs 63,000 crore, including overdue interest and penalties.

The SBI will receive only a part of its dues as per ArcelorMittal's IBC Resolution Plan

Fixed deposits or FDs are secure financial instruments, which offer guaranteed returns. FD interest rates vary according to the tenure of the fixed deposit and across banks. In a fixed deposit account, money is deposited for a specific time, which varies from 7

The grounding of Jet Airways is turning into a quick windfall and long-term opportunity for international airlines keen to scoop up nearly a million outbound passengers from what was once the nation's biggest airline.

Jet, which previously had a

The Supreme Court last week gave the Reserve Bank of India "a last opportunity" to disclose details such as its list of wilful defaulters under Right to Information Act (RTI Act). The top court also directed

With effect from May 1, customers of State Bank of India (SBI) savings account will get less interest on deposits of more than one lakh rupees. The interest rates on deposits above one lakh rupees will stand at 3.25 per cent, which will be 2.75 per cent below

Physical gold demand was healthy this week in the country in the run up to a key festival and with the wedding season underway, while other top Asian hubs saw steady interest in bullion as global prices recovered from a 2019 low touched earlier this week.

Gold is

India's financial markets are closed on Monday for a general election in Maharashtra. Trading will resume on Tuesday.

The rupee closed at 70.02 per dollar and the 10-year benchmark bond yield ended at 7.53 per cent on Friday.

The benchmark BSE index and

The Finance Ministry has approved 8.65 per cent rate of interest on Employees' Provident Fund (EPF) for 2018-19 as decided by retirement fund body EPFO, benefitting more than 6 crore formal sector workers.

"The Department of Financial

India has once again delayed the implementation of higher tariffs on some goods imported from the United States to May 15, a government official said on Friday.

The new tariff structure was to come into force from May 2, the spokeswoman said without citing reasons for the delay.

Angered by Washington's refusal to exempt it from new steel and

Recurring Deposit (RD) is a kind of term deposit under which investors need to deposit a fixed amount at a fixed interval, which generates interest income. Unlike a fixed deposit (FD) account, in which a lump-sum amount is locked in for a defined period against

Indian Railways passengers can change journey date of confirmed/RAC (Reservation Against Cancellation)/waitlisted tickets, according to Indian Railways' website- indianrailways.gov.in. The date of journey on these tickets can be preponed or postponed in the

Cash-strapped Jet Airways' chief executive officer, Vinay Dube, told the airline's staff that its group of lenders are unable to make any salary commitments until the bidding process is complete. The letter from Mr Dube comes at a time the airline owes money to its lessors, suppliers,

Regular savings bank accounts require customers to maintain a certain average monthly balance (AMB). Banks such as State Bank of India (SBI), HDFC Bank and ICICI Bank have fixed their average monthly balance requirements according to the location of a customer's

GoAir is offering domestic flight tickets at a starting all-inclusive price of Rs 1,375 in a limited-period sale, according to airline's official website- goair.in. Bookings under the sale - valid for travel till October 6, 2019 - can be made till May 2, 2019, the

Unemployment in India averaged at 8.1 per cent in the first three weeks of April, think-tank CMIE or the Centre for Monitoring Indian Economy has said. The rate of unemployment in the country stood at 7.9 per cent in the first, 8.1 per cent in the second, a

After major reforms such as the Real Estate Regulation and Development Act (RERA) and the rationalisation of the Goods and Services Tax (GST), the likely resolution of the Jaypee Infratech Ltd (JIL) insolvency case will be another major

The Reserve Bank of India (RBI) on Friday announced that it will shortly issue Rs 20 denomination banknotes, in the Mahatma Gandhi (New) series, bearing the signature of the central bank's governor Shaktikanta Das. The new Rs 20 note is greenish-yellow in colour,  the central

Surging global oil prices will pose a first big challenge to India's new government, whoever wins an election now under way, especially as domestic prices have been allowed to lag, meaning consumers are in for a painful surge as they catch up.

For the oil-import dependent country, higher global prices could lead to a weaker rupee, higher