Business

Gold prices on Tuesday drifted lower by Rs 100 to Rs 32,770 per 10 grams, owing to weak demand from jewellers tracking subdued trend overseas, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. Silver also declined by Rs 145 to Rs 38,425 per kg on reduced offtake by industrial units and coin makers. The fall

Retail giant Amazon will withdraw its domestic e-commerce marketplace business in China, effective from July 18, but will keep operating its other business sections, including Amazon Web Services, Kindle e-books and cross-border operations.

Facing stiff

A fixed deposit (FDs) is a secure financial instrument which offers guaranteed return. Financial institutions such as banks, post offices, small finance banks and non-banking financial companies offer fixed deposit accounts. Customers can deposit money in fixe

Retirement fund body EPFO or Employees' Provident Fund Organisation permits subscribers to withdraw from their savings under certain circumstances. EPFO's contributory provident fund scheme, Employees' Provident Fund (EPF), enables subscribers

The Civil Aviation Ministry has asked domestic carriers to desist from raising fares on routes connecting far-flung areas especially in the northeast, in the wake of the grounding of Jet Airways.

"The Ministry has advised airlines' to not

The United States on Monday said it will eliminate in May all waivers granted to eight economies allowing them to buy Iranian oil without facing US sanctions, as it ratcheted up pressure to choke off all oil revenues of the Islamic Republic.

T

The S-P BSE Sensex and NSE Nifty 50 Index logged in third straight day of losses led by declines in auto and banking heavyweights like HDFC Bank, State Bank of India, Maruti Suzuki, IndusInd Bank and Yes Bank came under selling pressure. For most part of

IndiGo has announced six additional daily direct flights from Delhi. The airline said in a statement on Monday that the six flights, aimed at strengthening the connectivity from the national capital, will be launched with effect from May 25. The

The rupee on Monday plunged by 32 paise to close at a two-week low of 69.67 against the US dollar following a spike in crude oil prices on reports that the US will end waivers on Iranian oil imports. A fall in domestic equity markets also

IRCTC (Indian Railway Catering and Tourism Corporation) Tourism is offering a tour package of five nights and six days to Paro, Thimpu and Punakha, the tourism arm of the Indian Railways, said on microblogging website, Twitter. The tour, which will start

The rupee edged higher to 69.58 against the dollar on Tuesday, recovering from a two-week low logged the previous day. The mild recovery in the rupee comes on a day marked with the second round of dollar-rupee swap auction by the central bank.

US-based Blackstone Group agreed to buy a 51 per cent stake in Essel Propack Ltd, India's largest rigid plastic packaging provider said on Monday.

Blackstone will buy the stake from the Ashok Goel Trust at Rs 134 per share, representing a premium of 1.1 per

The RBI is likely to adopt a more accommodative approach towards resolution of stressed assets when it issues a revised circular, replacing the controversial February 12 circular quashed by the Supreme Court.

Sources said the major contention in the Reserve Bank of

Major banks, from state-run State Bank of India (SBI) to private sector peers ICICI Bank and HDFC Bank, have set certain rules for making transactions at ATMs. These lenders offer a certain limited number of ATM card transactions free of cost every month. Customers

Reliance Jio Infocomm, the country's newest telecom operator is offering Jio Cricket Season special data pack at Rs 251. Jio's Cricket Data Pack is a special pass for all cricket lovers created to cater to the high data consumption of cricket enthusiasts, Jio said in a statement. Meanwhile, Reliance Jio on Thursday reported net profit of Rs 840

The Indian Railway Catering and Tourism Corporation (IRCTC), under the Ministry of Railways, provides the customers with booked tickets with a option to change the boarding point of train before starting the journey. IRCTC, which is the online ticketing arm of the Indian Railways,

India will get additional supplies from other major oil producing countries to compensate for loss of Iranian oil, Petroleum and Natural Gas Minister Dharmendra Pradhan tweeted on Tuesday.

The United States on Monday demanded that buyers

Private sector lender Axis Bank provides a range of fixed deposit maturities from seven days to 10 years. The bank offers interest rates to the tune of 3.50-7 per cent to the general public on fixed deposit (FD) up to Rs. 2 crore, according to its website, axisbank.com. The bank pays slightly higher returns to senior citizen customers. In the same

Indian equity benchmarks erased gains as banking stocks like HDFC Bank, IndusInd Bank, State Bank of India and Yes Bank came under selling pressure. The S-P BSE Sensex which rose as much as 187 points fell 220 points from day's highest level of 38,832.61 and the NSE's Nifty 50 Index fell

Domestic stock markets started Tuesday's session on a higher note as the third and largest phase of the national election began this morning. The S-P BSE Sensex jumped as much as 183.9 points to touch 38,829.08 and the Nifty moved to 11,641.65 in early trade, up

Gold prices on Monday surged by Rs 200 to Rs 32,870 per 10 grams on fresh buying by local jewellers amid positive trend overseas, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. Silver, however, declined by Rs 30 to Rs 38,570 per kg on reduced offtake

Bitcoin jumped on Tuesday to its highest in six months, pulling smaller cryptocurrencies up with it in a move that traders and analysts ascribed to technical forces with no apparent news catalysts at play.

The original and biggest virtual

International crude oil prices were near 2019 highs on Tuesday after Washington announced all Iran sanction waivers would end by May, pressuring importers to stop buying from Tehran.

Brent crude futures were at $74.40 per barrel at 0239 GMT (8:09 am

Indian equity benchmarks clocked their worst session of 2019 after crude oil rose to highest level in nearly six months on news reports that U.S. Secretary of State Mike Pompeo will announce "that as of May 2, the State Department will no longer grant sanctions waivers to any country that

India Post offers a range of maturity options under its time-deposit small savings scheme. India Post - which operates a network of more than 1.5 lakh post offices across the country - provides four different lock-in periods for time deposit - or fixed

Airline major SpiceJet will induct around 22 aircraft from the grounded fleet of Jet Airways on a sub-lease basis and deploy the first such plane on the domestic sector within the next few days, informed sources said on Monday.

The industry

The banks can lend some money to Jet Airways specifically for the purpose of paying employee salaries, a major bank employees' union official said on Monday.

This amount can be lent by the consortium of lenders to the financially crippled Jet Airways on lien against the airline employees' provident fund balance or gratuity, CH

Indian Oil Corporation Limited (IOCL), the country's largest state-run oil refiner, is hiring candidates for its research and development (R-D) facility located at Faridabad on the outskirts of Delhi. Indian Oil R-D Centre is looking for energetic and dedicated PhD

GAIL (India) Ltd is set to complete the purchase seven wind power plants from debt-ridden Infrastructure Leasing and Financial Services (IL-FS), after offering Rs 4,800 crore ($689.3 million), IL-FS said on Monday.

The deal is expected to close within three weeks.

GAIL's offer contemplates no

India hopes the US will allow its allies to continue to buy some Iranian oil instead of halting the purchases altogether from May, a source familiar with US-India talks said on Monday.

The United States is expected to announce on Monday that buyers