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Lessors to Jet Airways are planning to ask the country's aviation regulator to de-register many more planes leased to the airline, three sources told Reuters, signalling that a planned bailout of the troubled carrier is failing to

India Post, which has a network of more than 1.5 lakh post offices across the country, offers nine types of saving schemes. These include the savings account, the five-year recurring deposit (RD), the time deposit or fixed deposit (FD), the Monthly Income Scheme (MIS)

The Reserve Bank of India (RBI) announced a reduction in the repo rate to 6 per cent, a level last seen in the first half of last year. The move by the RBI makes it cheaper for commercial banks to borrow short-term funds from the RBI. The equated monthly instalments (EMIs) that borrowers pay on

Lenders to India's Jet Airways said on Thursday that they intend to push forward with their plan to rescue the troubled airline, but offered no clarity on interim funding, leaving the future of the carrier hanging in the balance.

Last month, Jet's lenders, led by State Bank of India (SBI) , agreed to bailout the airline in a complex deal that

Halting its three-day winning run, the rupee plunged 76 paise on Thursday to close at 69.17 against the US dollar after the RBI cut the interest rate but kept its monetary policy stance "neutral". In its first bi-monthly policy review for this financial year, the

Public sector telecom company BSNL has said there is no plan to effect any lay-offs in the company, as well as any move to reduce the retirement age although an attractive VRS is underway for "willing" employees.

"Turnaround of BSNL being devised by DoT and BSNL includes allotment of 4G spectrum and offering lucrative VRS to willing

Avolon, one of the world's biggest aircraft lessors, applied to de-register two planes it had placed with Jet Airways Ltd, making it the first lessor to do so on a non-consensual basis with the struggling Indian airline.

Two subsidiaries of Dublin-based Avolon applied to

SBI or State Bank of India offers a number of schemes under its personal banking portfolio. One such scheme offered by the country's largest bank is SBI Tax Savings Scheme, 2006, which is kind of fixed deposit or term deposit. Resident Indians as an

The Reserve Bank Wednesday cut the retail inflation forecast to 2.9-3 per cent for the first half of current fiscal, mainly due to lower food and fuel prices as well as expectation of a normal rainy season.The RBI has reduced the key policy rate by 25 basis points to 6 per cent.

The inflation path during 2019-20 is likely to be shaped by

The S-P BSE Sensex rose over 200 points and the NSE Nifty 50 index surpassed 11,650 led by buying interest in Tata Consultancy Services, Infosys, ICICI Bank, IndusInd Bank, Kotak Mahindra Bank and Reliance Industries. Meanwhile, FMCG heavyweights like Hindustan Unilever

Reserve Bank of India (RBI) Governor Shaktikanta Das said on Thursday that the recent Supreme Court ruling did not take away the powers of the central bank, nor would it impact the major default cases undergoing insolvency proceedings.

The S

Reserve Bank Governor Shaktikanta Das on Thursday said the central bank will soon come out with revised circular for effective resolution of stressed assets in the backdrop of the Supreme Court order. The Supreme Court Tuesday quashed the

The UIDAI or Unique Identification Authority of India, the issuer of 12-digit personal identification numbers under the Aadhaar programme, offers a variety of services online. Through its “self-service portal”, uidai.gov.in, the UIDAI enables users to ver

The beleaguered Videocon Group has admitted to stupendous outstandings to various lenders - public and private - amounting to over Rs 90,000 crore, making it perhaps the biggest corporate bankruptcy case in Indian banking history, official sources

The RBI on Thursday lowered the GDP growth forecast for the current fiscal to 7.2 per cent from the earlier estimate of 7.4 per cent amid probability of El Nino effects on monsoon rains and uncertain global economic outlook. In its February monetary policy statement, the central bank had projected the GDP growth for 2019-20 at 7.4 per cent

Did you know that small finance banks often pay interest on fixed deposits (term deposit) at higher rates than commercial banks Small finance banks, which are aimed primarily at financial inclusion, often pay higher returns on fixed deposits (FDs) compared

Vistara has announced the addition of 14 flights for the summer peak period, according to the airline's official Twitter handle- @airvistara. The carrier will operate the flights on Mumbai-Bengaluru, Mumbai-Hyderabad and Mumbai-Kolkata routes, effective from April 16, 2019. These flights will be available till July 15. Vistara's announcement comes

The Finance Minister Arun Jaitley said on Thursday that if re-elected the government would continue with fiscal consolidation and pursue policies to enable further reduction in interest rates, after the central bank cut its benchmark interest rate by 25 basis points.

Voting in general election begins next week, and the result will be

Asian share markets consolidated their weekly gains on Friday as Sino-US talks produced a lot of headlines but no conclusions, while caution ahead of US payrolls and a holiday in China dampened volatility.

MSCI's broadest index of Asia-Pacific shares outside Japan eased

The Reserve Bank of India (RBI) on Thursday said it would set up a task force to study the international best practices and develop a "thriving" secondary market for corporate loans. In a statement of developmental and regulatory policies

Jet Airways said it has grounded more planes after failing to pay lessors, as the debt-laden carrier - which also owes salaries to pilots and crew - works to secure bailout funds promised by state-run banks.Jet last month was rescued by State Bank of India (SBI) and other lenders, which will temporarily own a majority stake in the

Amid uncertainty over future of Jet Airways, the consortium of SBI-led lenders on Thursday said bids for selling stake would be invited on April 6 and other options would be explored in case the stake sale efforts does not result in an "acceptable outcome".

After taking stock of the current situation at cash-strapped Jet Airways, which

Fitch on Thursday retained sovereign rating at 'BBB-', the lowest investment grade, with stable outlook, saying a weak fiscal position continues to constrain its rating. This is the 13th year in a row that global rating agency Fitch has rated country at 'BBB-'. It had last upgraded country's sovereign rating from 'BB+' to 'BBB-' with a s

The Reserve Bank of India (RBI) cut its benchmark interest rate by 25 basis points on Thursday, in a widely expected move to boost the economy, while keeping its monetary policy stance "neutral" despite subdued inflation.

The six-member monetary policy committee (MPC) cut the repo rate

Telecom majors Bharti Airtel and Reliance Jio are set for another face-off, this time in the entertainment segment as both the companies plan to offer bids for stake in the Zee Entertainment Enterprises, sources privy to the development

Avolon, one of the world's biggest aircraft lessors, applied to de-register two planes it had placed with Jet Airways, making it the first lessor to do so on a non-consensual basis with the struggling airline.

Two subsidiaries of Dublin-based Avolon applied to Directorate General of Civil Aviation (DGCA) to de-register two Boeing

The Reserve Bank of India's Monetary Policy Committee on Thursday announced a reduction in repo rate to 6 per cent from 6.25 per cent, in line with a majority of economists' expectations. The RBI maintained its neutral policy stance, which enables it to move either way on the key rates. Repo rate is the key interest rate at which the RBI lends

Jet Airways is currently operating a fleet of 26 planes and the airline right now fulfils the criteria for operating on international routes, Civil Aviation Secretary Pradeep Singh Kharola said on Thursday. On Wednesday, Mr Kharola had said that Jet

The S-P BSE Sensex and NSE Nifty 50 Index fell for second day in a row after the Reserve Bank of India cut repo rate by 25 basis points to 6 per cent dashing hopes of some market participants who were expecting a more dovish tone from the Reserve Bank of India's monetary policy

The rupee depreciated by 25 paise to 68.66 against the dollar in early trade on Thursday ahead of the Reserve Bank of India's policy decision and foreign fund outflows. 

At the forex market, the rupee opened on a weak note at 68.56 then fell further to 68.66