Business

The government said on Tuesday that it had directed the secretary of Ministry of Civil Aviation to review the issues related to Jet Airways. In a tweet on Tuesday morning, Union Minister Suresh Prabhu said that Pradeep Singh Kharola will review the issues ailing the airline, especially increasing fares and flight cancellations. The statement from

State Bank of India (SBI), the country's largest bank as per asset size, is offering residential and commercial properties through e-auction (SBI e-auction). SBI, from time to time, lists mortgage properties such as residential properties and

Petrol prices were revised while diesel rates were kept unchanged on Monday. With effect from 6 am, petrol prices were at Rs 72.98 per litre in Delhi and Rs 78.55 per litre in Mumbai, according to Indian Oil Corporation. Diesel rates stood at Rs 66.26 per li

IT services firm Wipro said on Tuesday some of its employee accounts may have been hacked due to an advanced phishing campaign and that the company had launched an investigation to contain any potential impact.The Bengaluru-based company was responding to a Reuters

The rupee on Monday declined by 25 paise to close at 69.42 against the US dollar as forex traders turned cautious in a holiday-truncated week. At the Interbank Foreign Exchange (forex), the domestic currency opened at 69.07 a dollar and fell further to touch the day's

LPG or liquefied petroleum gas prices have been increased twice so far this calendar year. In Delhi, the price of non-subsidised LPG has been hiked by Rs 5 per cylinder from April 1 compared with the previous month, while that of subsidised LPG by 25

Domestic stock markets started Tuesday's session on a strong note with the benchmark indexes clocking new record highs. The S-P BSE Sensex soared as much as 372.12 points to an all-time high of 39,277.96, and the NSE Nifty jumped 96.7 points to a record 11,787.05. The Sensex and Nifty surpassed their previous record highs of 39,270.14 and

The country is likely to receive average monsoon rains this year, the India Meteorological Department (IMD) said on Monday. The forecast raised expectations of higher farm and economic growth in Asia's third-biggest economy, where half

India Post or Department of Posts, the postal system of the country, provides a range of services. India Post, which has a network of over 1.5 lakh post offices across the country, offers several savings schemes with different interest rates. Interest rates on

SBI or State Bank of India, the country's largest lender, offers a special type of savings account under its personal banking portfolio. SBI's small bank account is aimed at customers who do not have KYC (Know Your Customer) documents, however are many

Indian equity benchmarks rose for third day in a row paced by gains in Tata Motors, Tata Consultancy Services, Kotak Mahindra Bank, HDFC Bank and Tata Steel. The S-P BSE Sensex and NSE Nifty 50 Indexes opened higher and traded on a firm note in today's trade as information technology,

Rajshree Pathy, an independent director of the crisis-hit Jet Airways' has resigned from the post, the company said on Sunday.

Ms Pathy resigned with effect from April 13, according to a regulatory filing by the airline.

"This is to inform that Rajshree

On a day when pilots of Jet Airways gathered at the airline's headquarters in Mumbai hoping for the revival of India's premier private airline, the interim funding for the carrier is not coming in immediately. According to the management, Jet Airways needs an immediate infusion

A fixed deposit (FDs) is a secure financial instrument offered by banks, post offices, small finance banks, non-banking financial companies which fetch guaranteed returns. In a fixed deposit account, money can be invested for a higher rate of interest than savings accounts. One

As telecom major Vodafone Idea (VIL) opened its rights issue on Wednesday for the next two weeks with an aim to raise Rs 25,000 crore, sector experts say the fund would not be enough for the company given its high debt and the highly-competitive market.

In the

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

The Income Tax Department has made certain changes to the income tax return forms (ITR Forms). Seven forms used for filing of income tax returns - ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6 and ITR-7 - now ask for more information from the assessees.

Recurring Deposit (RD) is a kind of term deposit under which one needs to deposit a fixed amount at 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 a fixed

With Jet Airways suspending its international flights in the face of deep financial crisis and staring at closure, rivals Air India and SpiceJet are eyeing the beleaguered carrier's flying rights to the lucrative India-Dubai route.

The two airlines are learnt to have urged the Civil Aviation Ministry to allocate traffic rights to them, in case Jet

Annual wholesale price inflation in March accelerated to 3.18 per cent, its highest in three months, government data showed on Monday, boosted by a jump in the prices of food and fuel products.

The wholesale price inflation was in line with the forecast by economists in a poll by news agency Reuters, and higher than provisional 2.93 per cent in

Trade tension between the US and China, uncertainty around Brexit and slowdown concerns have prompted investors globally to look for safe investments, one of which has traditionally been gold.

In this backdrop, experts say that gold

Jet Airways international operations have been cancelled till Thursday, April 18, the company's CEO Vinay Dube said in a statement to employees today as it seeks interim funding of Rs 1,500 crore from group of lenders headed by the State Bank of India. "As you are

Jet Airways' pilots appealed to the State Bank of India to release funds to the tune of Rs 1,500 crore for the airline, trade union National Aviator's Guild said on Monday, according to news agency Press

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

India's exports grew by 11 per cent to $32.55 billion in March on account of higher growth in sectors including pharma, chemicals and engineering, government data showed Monday. Imports rose by 1.44 per cent to $43.44 billion during the month. However, trade deficit narrowed to

Tata Consultancy Services (TCS) shares jumped as much as 4 per cent on Monday, after the company beat analysts' estimates of its quarterly profit. On the National Stock Exchange (NSE), TCS share price rose as much as 3.65 per cent to hit an

Domestic equity market is expected to face a volatile week ahead as the ongoing general election season progresses and India Inc comes out with fourth quarter (Q4) earning numbers.

"India VIX (volatility index) has climbed above 20 levels anticipating

Financially-stressed Jet Airways has time till Tuesday afternoon to pay fuel vendors failing which it might have to ground its operational fleet, industry sources said on Monday.

According to industry insiders, the company is almost out of funds and is relying solely on the scant funds being infused by lenders on an

Domestic stock markets started the week on a higher note tracking advances in Asian peers. The S-P BSE Sensex rose as much as 111.79 points to 38,878.90, and the NSE Nifty moved to 11,677.40, up 33.95 points from the previous close. Gains in

The 2019 summer holiday travel season is expected to be marred by high air fares as debt-ridden Jet Airways gradually truncates flight operations, experts said. Even though the airline, lenders and the government are still hopeful of a revival,