Business

The government on Thursday revamped rules for future exploration and production of oil and gas blocks in its efforts to attract private investment and increase domestic production. India imports four out of every five barrels of crude oil it consumes and

International lessors have grounded more Jet Airways planes prior to potentially moving them out of the country, as scepticism builds whether a state-led bailout of the carrier can clear their dues on time, sources familiar with the matter

In a remarkable warning to India's elite, the nation's top court said it will put one of the country's most prominent business executives behind bars unless his group pays its dues.

It's the latest twist in a dispute that helped push billionaire Anil Ambani's

Recurring Deposit (RD), a kind of investment plan, allows customers to save a fixed sum every month and earn an interest income on the same. From state-run State Bank of India (SBI) to post office- all major financial institutions across the country offer

Domestic stock markets shrugged off early weakness to close higher on Thursday, extending their gains to a second straight session. The Sensex added 142.09 points to end at 35,898.35 while the Nifty settled at 10,789.85, up 54.40 points - or 0.51 per cent - from the previous close. Advances across all sectors barring information technology led by

As India races to be the front-runner in the civil aviation sector, the country would need 2,300 new planes over the next 20 years, said Union Civil Aviation Minister Suresh Prabhu on Wednesday.

"We are drawing an action plan to build an ecosystem for making civil aircraft in the country, as we

Government needs to take steps to boost economic growth as the inflation outlook remains low, the Reserve Bank of India's monetary policy committee (MPC) said in minutes released on Thursday.

Most of the six-member MPC were in favour of spurring growth in

The Supreme Court has ruled in favour of headache drug Saridon, exempting its formulation from the list of banned fixed dose combination (FDCs) drugs, Piramal Enterprises said on Thursday. Following this development, shares of Piramal Enterprises

Snapping a four-session downturn, the rupee appreciated by 23 paise to end 71.11 against the US dollar on Wednesday amid easing oil prices and a firm greenback. A positive trend in the global equity markets, which rose on optimism surrounding the ongoing US-China trade talks, also

Gold prices on Thursday rose by Rs 360 to Rs 34,830 per 10 grams at the bullion market on increased buying from local jewellers, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. Silver, however, fell by Rs 140 to Rs 41,660 per kg on

SBI or State Bank of India offers a host of facilities via its internet banking portal - onlinesbi.com. Some of these facilities enable SBI customers to access information on account balance, request a fund transfer or a demand draft, open a digital savings bank account and ap

European aircraft maker Airbus deliveries of its A320neo aircraft are back on track in India with fewer problems being seen with the narrowbody jet's Pratt - Whitney engines, a senior company executive said on Wednesday.

"Pratt has informed

Jet Airways Ltd has approved a rescue deal by the lenders of the carrier reeling under a net debt of Rs 7,299 crore, but doubts linger over whether the bailout would help it clear dues on time.

The resolution plan will make Jet's lenders its largest shareholders and fix a near Rs 8,500 crore funding gap.

Jet has been steadily losing market share to

Reliance Industries was the top contributor to the advances on Sensex

The Finance Ministry on Wednesday announced to pump in Rs 48,239 crore in 12 public sector banks this fiscal year to help them maintain regulatory capital requirements and finance growth plans. With this funding, the total amount of

Business tycoon Anil Ambani is planning to use a payment from his brother's company and the sale of real estate assets to pay what he owes to Sweden's Ericsson following a court ruling this week, a source familiar with the matter said.

The Supreme

Reliance Capital Ltd said on Thursday it had asked partner Nippon Life Insurance to buy its entire 42.88 per cent stake in Reliance Nippon Life Asset Management Ltd.

Japan's Nippon Life Insurance already holds a 42.88 per cent stake in Reliance Nippon Life Asset Management, the country's first listed mutual fund company.

Reserve Bank of India Governor Shaktikanta Das will meet CEOs and MDs of state-run as well as private sector banks on Thursday. The RBI governor will discuss rate transmission with the bankers and also persuade them to pass on the benefit

The rupee skidded by 13 paise to close at 71.24 against the dollar on Thursday as rising oil prices and a strengthening greenback weighed on the market sentiment. At the forex market, the domestic unit opened strong at 71.06 and rose to 70.91. However, it could not hold on to th

The rupee darted up 9 paise to 71.02 against the dollar in early trade on Thursday amid a reversal in foreign fund outflows even as oil prices hardened. 

At the forex market, the domestic unit opened slightly higher at 71.06 and built on the gains to reach

The S-P BSE Sensex and NSE Nifty 50 Index snapped their longest losing streak of 2019 paced by gains in metal, information technology and banking shares. Meanwhile, a rally in other Asian markets, which rose to the highest level in over four months, also boosted the

Retirement fund body EPFO or Employees' Provident Fund Organisation has increased the interest rate on employees' provident fund (EPF) to 8.65 per cent for the current financial year (2018-19), news agency Press Trust of India quoted Labour

Atal Pension Yojana (APY) is a government-run pension scheme focused on unorganised sector workers. Launched in 2015, Atal Pension Yojana or APY admits individuals in the age group of 18-40 years to contribute Rs 42-1,454 a month till they attain

Saudi Aramco's chief executive officer, Amin Nassar, said on Wednesday that the company is in talks with Reliance Industries for possible investments and is seeking other opportunities in the country. Saudi Aramco signed an agreement in April with a consortium of state-owned Indian refiners to participate in a $44-billion refinery

Domestic equity benchmarks recently registered their worst correction recorded in past many years. While the S-P BSE Sensex logged its longest losing streak in eight-and-a-half years, the NSE Nifty 50 Index posted its worst run in more than four years. However, the

For Jet Airways India Ltd., it's always only about one rupee.

As I wrote last month, the troubled full-service carrier needed to garner an additional 1 rupee (1.4 cents) per available seat kilometer to make up for its cost disadvantage against no-frills rivals. Cutthroat price competition denied it that opportunity, and now banks are picking up a

Foreign direct investment (FDI) contracted 7 per cent to $33.49 billion in the first nine months of the current financial year, according to Commerce and Industry Ministry data. Foreign fund inflows in the April-December period in 2017-18 had stood at $35.94 billion.

The key sectors that received the maximum foreign investment during the

Kotak Mahindra Bank revised its fixed deposit (FD) interest rates with effect from February 21, 2019, said the private sector lender on its website, kotak.com. The bank has revised the interest rates on select maturities. On maturity periods of 180 days,

Domestic stock markets started Thursday's session on a choppy note as advances in banking stocks were offset by weakness in IT counters. Benchmark indexes Sensex and Nifty swung in narrow range between gains and losses in the first hour of trade. The Sensex rose as much as 95 points to touch 35,851 in early trade before reversing direction to shed

The GST Council on Wednesday deferred a decision on rationalisation of tax rates on real estate and lottery till February 24 as some opposition-ruled states demanded that a meeting, where members are physically present, be convened for deciding on such crucial