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Business
Fuel prices today: Petrol and diesel prices have been increased 11 times in 12 days
Petrol and diesel prices were hiked marginally on Monday, making a fifth day of upwards revision in the rates. While the petrol prices were increased in the range of 14-16 paise per litre in Delhi, Mumbai, Kolkata and
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Read more: Petrol, Diesel Prices Hiked For Five Straight Days
Write comment (98 Comments)IRCTC SBI platinum card is also known as SBI railway card.
Indian Railway Catering and Tourism Corporation (IRCTC) in partnership with State Bank of India (SBI) offers IRCTC SBI platinum card for train ticket bookings. IRCTC SBI platinum card, also known as SBI railway card, is one-of-its-kind credit card which provides customers with free railway
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Read more: IRCTC SBI Platinum Card Offers Discount, Cashback On Ticket Bookings
Write comment (99 Comments)SBI is the only commercial bank so far to have followed the repo rate revision with a cut in its key rate
Government think-tank Niti Aayog's Vice Chairman, Rajiv Kumar, said on Friday that banks are in a position to pass on the benefit of the rate cut by the Reserve Bank of India to the consumers and the industry. The central bank had on
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Read more: Banks In Position To Pass On Benefit Of RBI Rate Cut: Niti Aayog
Write comment (95 Comments)Uber started its food-delivery business in India in 2017 with much fanfare and a huge marketing budget
Less than two years after Uber Technologies Inc. entered India's competitive food-delivery business, it's in talks to sell its Uber Eats operations in the country to rival Swiggy, according to a person familiar with the negotiations.
The talks
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Read more: Uber In Talks With Swiggy To Sell Indian Food-Delivery Business: Report
Write comment (94 Comments)On Friday, gold prices had increased by Rs 330.
Gold prices advanced by Rs 90 to Rs 34,590 per ten gram at the bullion market on Saturday, tracking a firm trend overseas amid increased buying by local jewellers, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. Silver rates, also, rose by Rs 140 to Rs 41,500
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Read more: Gold Prices Rise By Rs 90 On Strong Global Cues: 5 Things To Know
Write comment (97 Comments)In July 2013, Jignesh Shah-promoted NSEL had defaulted in payment of Rs 5,600 crore.
Edelweiss, Kotak and JM Financials are among more than 300 brokerage houses named by the Securities and Exchange Board of India (SEBI) in a first information report (FIR) pointing to the violation of rules in the National Spot Exchange Limited (NSEL) scam.
Th
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Read more: Edelweiss, Kotak Securities, JM Financials Figure In NSEL Scam: Report
Write comment (98 Comments)The new tax rates will come into effect from April 1, 2019.
In a big relief to home buyers, the GST Council on Sunday slashed tax rates on under-construction housing properties to 5 per cent without input tax credit, from the existing 12 per cent, Finance Minister Arun Jaitley said. The Council also cut GST rates on affordable housing to 1 per cent
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Read more: GST Council Cuts Rate On Under Construction Flats To 5%
Write comment (93 Comments)SEBI has ordered Motilal Oswal and IIFL to transfer securities of all their clients and allow withdrawal.
Market regulator Securities and Exchange Board of India (SEBI) has declared the commodity broking arms of Motilal Oswal and India Infoline (IIFL) as not "fit and proper", as part of the action taken in the NSEL case.
SEBI is probing as many as
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Read more: Sebi Bars Commodity Trading By Motilal Oswal, IIFL In NSEL Case: Report
Write comment (98 Comments)National Mediclaim Policy: The sum insured ranges between Rs 50,000 and Rs 5 lakh.
National Insurance Company, a Government of India enterprise, offers various general insurance products such as motor insurance, rural insurance and commercial risk insurance. As part of its health insurance portfolio, the state-run insurer offers a host of products
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Read more: National Mediclaim Policy: Key Benefits, Features Explained Here
Write comment (92 Comments)Interest rates of SBI's small account are similar to that of regular savings bank accounts.
State Bank of India (SBI), the country's largest lender, offers the facility of small account, which is for customers who do not have KYC (Know Your Customer) documents. However, there are many restrictions in operation of the account due to the relaxed KYC
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Read more: SBI Small Savings Account: Interest Rates, Eligibility And Other Details
Write comment (92 Comments)Post office saving schemes with income tax benefits: FD, PPF, NSCs and SCSS qualify for tax benefits.
India Post or Department of Posts, which operates a network of more than 1.5 lakh post offices in the country, offers a total of nine saving schemes with different interest rates. Some of these post office saving schemes qualify for income tax
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Read more: Here Are 4 Post Office Saving Schemes That Offer Income Tax Benefits
Write comment (99 Comments)On Thursday, gold rates had advanced by Rs 360 and silver prices had declined by Rs 140.
Gold prices dropped by Rs 330 to Rs 34,500 per 10 gram at the bullion market on Friday, tracking a weak trend overseas amid subdued demand from local jewellers, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. Silver
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Read more: Gold Prices Drop By 330 Rupees: 5 Things To Know
Write comment (99 Comments)Pradhan Mantri Kisan Samman Nidhi Yojana will incur an annual expenditure of Rs. 75,000 crore
Prime Minister Narendra Modi on Sunday launched the ambitious Pradhan Mantri Kisan Samman Nidhi scheme transferring the first instalment of Rs 2,000 each to over one crore farmers, reported news agency Press Trust of India (PTI). Launching the scheme from
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Read more: PM Modi Launches Income Support Scheme For Farmers: 5 Things To Know
Write comment (96 Comments)Jet Airways said shareholders have approved five proposals that were put up for voting at the EGM.
Shareholders of Jet Airways have approved conversion of loan into shares and other proposals as the crisis-hit carrier seeks to fly out of financial turbulence. During the extraordinary general meeting (EGM) on Thursday, the shareholders
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Read more: Jet Airways Gets Shareholders Nod For Conversion Of Loan Into Shares
Write comment (96 Comments)The income tax assessee can make use of latest changes in laws to make most of the earnings in AY2020-21
The government has announced a number of income tax-related changes in Budget 2019. Among these changes with respect to income tax, a full rebate to individuals with annual income up to Rs 5 lakh has been announced. Once these changes come into
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Read more: How Much Income Tax You Can Save In Assessment Year 2020-21
Write comment (100 Comments)GoAir Offer: Bookings under GoAir's special offer can be made till February 26, 2019
GoAir is offering domestic and international flight tickets at a starting all-inclusive price of Rs. 1,799 and Rs. 5,099 respectively in a special offer, said the airline on its website - goair.in. Bookings under the sale offer can be made till February 26, 2019,
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Read more: GoAir Offers Flight Tickets From 1,799 Rupees, Details Here
Write comment (91 Comments)In a bid to come out of the Prompt Corrective Action framework, state-run Allahabad Bank on Friday said it has used the Rs 6,896 crore capital infusion fund, received from the Central government, to make loan loss provision in order to bring down the net NPA ratio and also to shore up its capital base.
"We wish to inform you that out of the capital
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Read more: Allahabad Bank Using Capital Infusion To Exit Corrective Action Framework
Write comment (98 Comments)Domestic equity benchmarks ended little changed as gains in automobile and oil - gas shares were offset by losses in banking and financial stocks. The S-P BSE Sensex fell 27 points or 0.07 per cent to close at 35,871 while the NSE Nifty 50 Index gained 2 points or 0.02 per cent to shut shop at 10,792. For most part of the day, Sensex
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Read more: Sensex, Nifty End Flat As Banking Stocks Offset Gains In Auto Counters
Write comment (99 Comments)In terms of fund flows, FIIs bought stocks worth Rs 5,026.41 crore in the week ended last Friday.
Release of quarterly GDP numbers along with derivatives expiry might flare-up volatility in the equity market during the coming week.
Market observers said that other factors such as high crude oil price and the rupee's movement against the US dollar
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Read more: GDP Data, Derivatives Expiry May Trigger Volatility In Equities: Experts
Write comment (91 Comments)The government has issued the Banning of Unregulated Deposit Schemes Ordinance, 2019 to prevent chit fund scams and protect small investors.
The ordinance, which prevents any individual or group of individuals from taking any deposit or loan from any person other than relatives, got President Ram Nath Kovind's assent on Thursday -- two days after
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Read more: Government Bans Unregulated Deposit Schemes
Write comment (94 Comments)GoAir's sale: Bookings under GoAir's offer can be made till February 23, 2019.
GoAir is offering domestic and international flight tickets at a starting all-inclusive price of Rs 1,899 and Rs 5,099 respectively in a limited-period sale, according to airline's website - goair.in. Bookings under the sale - valid for travel between March 1, 2019 and
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Read more: GoAir Offers Flight Tickets From 1,899 Rupees
Write comment (99 Comments)The government had announced the merger of three public sector general insurance firms in Budget 2018.
The government's plans for the mega merger of three general insurance firms to create one large and strong entity seems to have hit a roadblock. The Department of Financial Services (DFS), which oversees the operations of state-owned
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Read more: Centre's Merger Plan For General Insurance Firms Hits Roadblock: Report
Write comment (93 Comments)The rupee had skidded by 13 paise to close at 71.24 against the dollar on Thursday.
The rupee on Friday gained 10 paise to close at 71.14 against the dollar on heavy foreign capital inflows after growing expectations that the Federal Reserve would keep interest rate on hold this year. A strengthening dollar ahead of the US-China trade talks
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Read more: Rupee Closes Higher At 71.17 Against Dollar, Posts Second Weekly Gain
Write comment (91 Comments)Bank FDs can be started for specific period, which can be as short as 7 days.
Bank fixed deposit (FD), a secure investment instrument, offers higher interest rates than the deposits in savings accounts. Bank FDs can be started for specific period, which can be as short as 7 days. FD interest rates of most banks are higher for senior citizens as
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Read more: Bank FD Interest Rates On Deposits Below Rs 1 Crore
Write comment (98 Comments)Bank FD interest rates are higher for senior citizens as compared to those for the general public.
Bank fixed deposit (FD), a fixed-income instrument, offers higher interest rates than the deposits in savings accounts. The annual returns on bank fixed deposits do not change according to geopolitical and macroeconomic uncertainties. In a bank FD
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Read more: Axis Bank Revises FD Interest Rates; What Other Lenders Offer
Write comment (92 Comments)Under SBI tax savings scheme, customers need to deposit a minimum of Rs 1,000.
State Bank of India (SBI), country's largest lender, has urged customers to invest in tax saving schemes to lower their tax burden. "Evaluate your financial goals to invest in tax saving instruments accordingly, to save taxes," said SBI on microblogging website -
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Read more: SBI Tax Savings Scheme: Interest Rate, Lock-In Period, Other Details
Write comment (93 Comments)Top laggards on the Nifty were Kotak Mahindra Bank, Titan, Cipla, Hindalco and JSW Steel.
Domestic stock markets started Friday's session on a lacklustre note. The Sensex fell as much as 102.56 points to 35,795.79 in early trade, while the Nifty dipped to 10,758.40, down 31.45 points from the previous close. Weakness in banking stocks dragged the
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Read more: Sensex Dips Over 100 Points, Nifty Near 10,760
Write comment (90 Comments)SBI also charge customers for issuance and annual maintenance of an ATM-cum-debit card.
Top lenders and post offices (which also provide banking services) across the country offer ATM-cum-debit cards but levy certain usage charges. Customers are charged for transactions at ATMs over and above the permitted number of free transactions. The ATM card
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Read more: ATM Charges Levied By SBI, Post Office For Cash Transactions
Write comment (91 Comments)Pradhan Mantri Kisan Samman Nidhi: Income will be directly credited to the bank accounts.
The government announced an income support scheme, called Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), for the farmer in the interim Budget 2019. The PM-KISAN scheme, aimed at supplementing the financial needs of the small and marginal farmer, entails a
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Read more: PM-KISAN Scheme: Rs 6,000 Income Support For Farmers, Details Here
Write comment (94 Comments)EPF rate hike: The proposed revision in the EPF interest rate marks the first increase in three years
Your EPF or employees' provident fund corpus is set to earn a higher return. The Ministry of Labour - Employment has said the Central Board of Trustees - which is the apex policy-making body for EPFO or Employees' Provident Fund Organisation -
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Read more: Money In Your EPF Account Set To Earn Higher Return: Key Things To Know
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