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Tax authorities have alleged US consumer goods maker Procter - Gamble did not pass on more than $35 million in tax benefits which were meant to have gone to its customers, a senior government official told Reuters on Wednesday.

Separately,

The Nifty Energy index rose 1.84%, led by Indian Oil, Bharat Petroleum, Hindustan Petroleum and GAIL

SBI or State Bank of India offers a number of financial products such as Senior Citizen Savings Scheme (SCSS). An individual can open the SCSS account either singly or jointly with the spouse, according to SBI's corporate website, sbi.co.in. A depositor can also operate m

The rupee on Wednesday declined by 24 paise to close at 69.86 against the US dollar, weighed down by a strong dollar sentiment and high demand for the greenback from importers. The domestic currency dropped to more than four-month low of 69.97 in the day

Domestic stock markets surged in afternoon trade on Wednesday as buying picked up in energy and financial stocks. The S-P BSE Sensex jumped as much as 530.47 points to touch an intraday high of 39,095.35, and the NSE Nifty moved to 11,740.85, up 164.9 points from the previous close. Strong buying interest in banking, financial services, IT and

Temporarily grounded Jet Airways is expected to make yet another plea for an interim funding of at least Rs 250 crore to its lenders to restart bare minimum operations till May 10.

The development assumes significance as the lenders have called for binding bids from potential investors by May 10 and have been unwilling to extend any further

Bharti Airtel offers a number of postpaid plans for its subscribers. Airtel offers plans in a range of Rs. 399 to Rs. 1,199 per month, according to the telecom major's official website, airtel.in. With these packs, the operator offers benefits such as subscription to Amazon Prime Video and Netflix, along with regular benefits of unlimited calling

The Reserve Bank of India's surprise announcement of new open market purchases of government bonds is a sign the central bank is stepping up efforts to increase the economic impact of its policy decisions, analysts say.

The RBI's two rate cuts

Reserve Bank of India (RBI) on Tuesday set a cut-off at its second dollar/rupee swap auction at a much higher than expected premium, in a sign that the system is flush with dollar liquidity that banks are struggling to find buyers for.

The Reserve Bank of India (RBI) set a premium of Rs 8.38 at the three-year buy-sell swap auction and

Neogen Chemicals' Rs 132-crore IPO or initial public offer was subscribed 26.97 per cent at the end of the first day. Mumbai-based Neogen Chemicals' IPO, which comprises a fresh issue of shares worth Rs. 70 crore and an offer for sale (OFS) worth Rs. 62

The government panel tasked with framing guidelines for the transfer of Reserve Bank of India's surplus reserves is likely to submit its report by June end, the head of the panel said on Wednesday.

The panel has sought an extension over the stipulated 90 days period to finalise the report, Bimal Jalan, the head of the panel, told

The rupee on Tuesday recovered from the day's lows to close higher by 5 paise at 69.62 against the dollar on some dollar selling by banks and exporters.  However, subdued equity market sentiment and a stronger dollar against its key rival currencies limited the

Did you know you can open five kinds of savings and current accounts at the post office While India Post - which operates a network of more than 1.5 lakh post offices and over three lakh postmen across the country - provides a savings account, known as Post

GoAir has announced the launch of new domestic flights connecting Mumbai and Delhi with other cities, said the airline on its website, goair.in. The new flights will be effective from May 1, 2019, according to the carrier. GoAir's new flights will connect Mumbai with Ahmedabad, Ranchi, Jaipur and Chandigarh, among others. While, Delhi will be

Sales of domestic junk bonds have made a big comeback in 2019, almost tripling to hit a five-year high, boosted by a risk-on rally prompted by a dovish US Federal Reserve that has given the Asia market a record start to the year.

Domestic companies have sold $3.7 billion in high-yield, or

Fixed deposits (FDs), also known as term deposits (TDs), are financial instruments provided by banks, post offices and non-banking financial companies (NBFCs). Bank FDs provide investors with a higher rate of interest than a regular savings account. In a fixed deposit account,

Private sector telecom service provider Reliance Jio provides a range of recharge packs to its prepaid customers. Out of Reliance Jio's prepaid packs, the subscribers get total high speed data to the tune of 42-547.5 GBs (gigabytes), among

Karnataka State Tourism Development Corporation (KSTDC), the state government-owned tourism services provider offers a package for visiting the UNESCO world heritage site of Hampi in Karnataka. The package also covers heritage sites of Tungabhadra Dam,

Boeing reported lower first-quarter profits Wednesday as the global grounding of its 737 MAX plane following two crashes hit results.

The US aerospace giant reported $2.1 billion in profits, down 13.2 per cent from same period a year ago. Boeing also withdrew its full-year profit forecast due to uncertainty surrounding the 737 MAX.

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Domestic stock markets started Wednesday's session on a higher note tracking gains in Asian peers. The S-P BSE Sensex rose as much as 136.61 points to 38,701.49 and the NSE Nifty moved to 11,620.85, up 44.9 points from the previous close. Advances in oil - gas and banking stocks supported the markets however weakness in auto and metal

Amid a slowdown in job growth across sectors, IT services major Tata Consultancy Services (TCS) and Infosys hired about 42,000 more techies in the recently concluded fiscal year 2018-19 than it did in the previous fiscal year, registering a growth of over 350 per cent in new hiring, a media report said.

While Mumbai-headquartered TCS

Market regulator Securities and Exchange Board of India (Sebi) came down forcefully against Hotel Leelaventure, barring it from selling its four high-profile hotels and other assets to Canadian investment fund Brookfield Asset Management.

In the

State-run oil marketing companies kept a revision in petrol and diesel prices on hold on Wednesday, marking a third straight day when the fuel prices were left unchanged. Domestic petrol and diesel prices are reviewed on a daily basis and any

SpiceJet on Tuesday announced the launch of 28 new domestic flights connecting Mumbai and Delhi with other cities on its network, said the private sector carrier in a press release. Of the new flights, 14 will connect Mumbai, eight will connect Delhi while the

Uber Technologies said on Wednesday the head of its Asia-Pacific operations will leave the company at the end of next month, and will be replaced by Pierre-Dimitri Gore-Coty.

Amit Jain had joined the app-based ride-hailing company as its India

The Ministry of Civil Aviation on Tuesday decided to allot some slots vacated by Jet Airways to other airlines on a temporary basis. "To reduce the inconvenience of passengers and facilitate induction of additional capacity it has been decided to allot some

Hotel Leela Venture on Tuesday said the diversified conglomerate ITC has filed a petition against it before the Mumbai bench of the National Company Law Tribunal (NCLT) for alleged "oppression and mismanagement".

"This is to inform you that ITC has on April 22, 2019 filed against the company, a petition for oppression and mismanagement along with

Vande Bharat Express, a fully air conditioned train, runs on Delhi (NDLS)- Varanasi (BSB) route. It is considered to be country's first semi-high speed train. Also known as Train 18, it has a potential to travel up to the speed at 160 kilometres per

Vodafone Idea on Tuesday said that it expects the Rs 25,000 crore rights issue, which closes on Wednesday, to be fully subscribed.

"Our interactions with the investors suggest that there is a strong demand for the rights issue. Axiata's renunciation has been taken up

AirAsia India is offering up to 70 per cent discount on flights tickets, according to the airline's official website - airasia.com. Bookings under the sale - valid for travel between October 1 and June 2 - can be made till April 28, 2019. AirAsia India's latest offer