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Scrap gold supplies in India, the world's second-biggest consumer of bullion, may increase this quarter as a rally in local gold prices has prompted consumers to sell old trinkets and jewellery.

Rising scrap supplies are likely to cause gold imports to continue to fall this year which could weigh on global prices that are trading near their highest

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Post office saving scheme: Senior Citizen Savings Scheme (SCSS) account has a maturity period of 5 years.

In the interim Budget for 2019-20, the government proposed to raise the tax deducted at source (TDS) threshold on interest earned on bank and post office deposits from Rs 10,000 to Rs 40,000. With this announcement, depositors are likely to

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New Delhi: 

Cabinet on Wednesday introduced amendments it said would make unregulated deposit schemes more difficult to run.

The additions to a 2018 bill would remove considerable time lags involved in punishing the operators of such schemes, Union Minister Ravi Shankar Prasad told reporters after the cabinet meeting.

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The company plans to double its capacity in the country in five years.

Tata Steel Ltd reported an 83.6 per cent surge in third-quarter standalone net profit on Friday, aided by robust domestic production.

Standalone profit came in at Rs 2,456 crore rupees ($344.94 million) compared with Rs 1,338 crore rupees in the same period a year earlier, the s

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Tata Motors shares plunged a day after the company reported its biggest quarterly loss

Tata Motors shares fell as much as 29 per cent on Friday, a day after the carmaker reported its biggest quarterly loss. On the National Stock Exchange (NSE), Tata Motors shares plummeted to Rs 129 during Friday's session - lowest level in at least a year, as

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JioPhone 2 is an upgraded version of Reliance Jio's existing feature phone called JioPhone.

Reliance Jio has announced a flash sale for JioPhone 2, its 4G-enabled feature phone. The flash sale for JioPhone 2 will begin at 12:00 pm on Thursday, February 7, the telecom operator said on its official website, jio.com. JioPhone 2 will be available at

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On Thursday, gold prices had declined by Rs 270 to Rs. 34,180 per 10 grams at the bullion market.

Gold prices were ruling flat at Rs 34,175 per 10 gram, while silver dropped by Rs 570 to Rs 40,930 per kg in the national capital on Friday, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. Gold prices fell

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On Thursday, the domestic unit appreciated by 11 paise to settle at 71.45 against the dollar.

The rupee strengthened by 13 paise - or 0.2 per cent - to 71.32 against the dollar in early trade on Friday, a day after the Reserve Bank of India (RBI) surprisingly cut the key interest rate. The policy action by

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TRAI Secretary SK Gupta said: "In three months, we expect prices of various channels to go down."

New Delhi: 

Rubbishing claims that the new broadcast tariff regime would increase bill amounts of cable TV and DTH subscribers, the Telecom Regulatory Authority of India (TRAI) on Wednesday said the new framework may actually decrease TV bills.

The

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Bharti Airtel said on Friday its unit Airtel Networks Kenya Ltd has agreed to merge with Telkom Kenya Ltd, the East African nation's smallest telecom operator.

Three industry sources told Reuters last month that Bharti Airtel was in talks to buy Telkom Kenya to create a stronger challenger to market leader Safaricom.

Kenya has one of the most

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Auto stocks, led by Tata Motors, dragged the markets lower

Domestic equity benchmarks extended decline led by losses in Tata Motors, Vedanta, Larsen - Toubro and Mahindra - Mahindra. The S-P BSE Sensex fell as much as 389 points to 36,582 and the NSE Nifty 50 Index declined as much as 118 points

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Government has deferred a plan to tax imports of touch panels, three sources said, after smartphone makers such as Samsung Electronics asked the government to delay levying tariffs on such new imported components under a phased plan to boost local manufacturing.

The tariff, which was supposed to kick in from February, has been delayed after

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Domestic equity benchmarks clocked their worst single-day performance in seven weeks paced by losses in Tata Motors which came under intense selling pressure after it reported biggest quarterly loss ever of Rs 26,993 crore on account of an asset impairment charge of Rs 27,838 crore for its subsidiary Jaguar Land Rover. The S-P BSE Sensex fell

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Bengaluru: 

Consumer inflation reversed course and nudged up slightly in January but remained below the central bank's target for a sixth straight month, a poll by news agency Reuters predicted, supporting this week's unexpected move by policymakers to cut rates. On Thursday, the Reserve Bank of India caught financial markets off guard by reducing

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On Tuesday, the rupee ticked higher by 23 paise to close at 71.57 per dollar.

The rupee on Wednesday settled nearly unchanged at 71.56 against dollar as participants preferred to wait for the Reserve Bank of India's interest rate decision for further cues, reported news agency Press Trust of India (PTI). At

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Mumbai: 

Bankers say piles of bad debt and the high cost of deposits mean they are unlikely to reduce interest rates on loans by as much as the central bank cut its key lending rate in a bid to spur growth.

The reluctance of bankers to pass on all of Thursday's surprising 25 basis point rate cut is a blow to Prime Minister Narendra Modi's

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Singapore: 

Jet Airways has grounded four aircraft after failing to make payments to lessors, in a sign that leasing firms are losing patience with the heavily indebted carrier. Jet Airways said in a regulatory filing late on Thursday that it is actively engaged with all its aircraft lessors and regularly provides them with updates on efforts

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Aadhaar-PAN Linking: Quoting of PAN for filing income tax return is mandatory.

Linking Permanent Account Number (PAN) with Aadhaar or Unique Identity Number, a 12-digit personal identification number issued by the Unique Identification Authority of India is mandatory for filing of income tax return (ITR),

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Government employees will have to furnish the details by January 31 of the subsequent calendar year

New Delhi: 

The Centre has increased the over 26-year-old monetary limit on disclosure of investment in shares and mutual funds by employees to six months of their basic pay, according to an order issued by the Personnel Ministry.

According to the

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Fixed deposit interest rates are subject to change from time to time.

Fixed deposits or FDs are secure financial instruments offered by public, private sector banks, small finance banks, non-banking financial companies (NBFCs) and post offices, which fetch guaranteed returns. Fixed deposit interest rates are subject to change from time to time.

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Revenue from operations was 11,765 crorerupees.

Vodafone Idea reported on Wednesday its second quarterly loss since Vodafone Plc merged its Indian operations with Idea Cellular in August last year, though the figure was smaller than expected.

The loss after tax was Rs 5,005 crore ($699.49 million) in the quarter ended December 31, the company said

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Shares of Anil Ambani-controlled RCom have dropped 55.2% since it announced its plan on Friday

A disposal of pledged securities by financial firms caused steep declines over the last few days in the shares of some companies belonging to conglomerate Reliance Group - controlled by tycoon Anil Ambani, the Reliance companies said on Friday.

A few

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Domestic stock markets started Thursday's session on a strong note, ahead of the RBI's policy decision. The Sensex rose as much as 170  points to hit 37,145 in early trade while the Nifty touched 11,101, up 39 points from the previous close. Analysts awaited the outcome of the three-day policy review meeting of the Reserve Bank of India's Monetary

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Total revenue for the quarter from all JSW operations jumped 11.2% to Rs 20,318 crore

JSW Steel on Wednesday posted a 7.4 per cent drop in third-quarter net profit, missing estimates, dented by a decline in steel prices.

Net profit came in at Rs 1,624 crore ($226.75 million), for the three months ended December 31, compared with a profit of Rs 1,753

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Net profit for the three months ended Dec. 31 stood at Rs 1,077 crore.

Automaker Mahindra - Mahindra Ltd on Friday posted an 11.4 per cent drop in third-quarter profit, as the demand for passenger vehicle sales softened and its MHCV segment came under pressure due to new axle loading norms.

Net profit for the three months ended Dec. 31 stood at

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The Reserve Bank of India's Monetary Policy Committee, headed by Governor Shaktikanta Das, is due to release its sixth bi-monthly statement after conclusion of a three-day meeting. Economists, analysts and investors will monitor the policy statement and the central bank commentary closely for any signs of policy easing. While some economists

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Cipla Q3 report: Cipla is the country's second-largest generic drugmaker by market capitalisation.

Cipla, the country's second-largest generic drugmaker by market capitalisation, reported on Wednesday a 17.1 per cent drop in quarterly profit, dragged down by higher tax expenses and weak sales in domestic market.

Net profit came in at Rs 332 crore

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RBI reduced interest rates by 25 basis points in its sixth bi-monthly monetary policy review for 2018-19.

Bengaluru: 

The Reserve Bank of India (RBI) is expected to cut interest rates again next quarter, according to a Reuters poll of economists, with a slim majority forecasting policy easing to occur before the general election in May.

A Reuters

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Shaktikanta Das took charge as governor of the central bank in December

The Reserve Bank of India (RBI) will today conclude the three-day meeting of its Monetary Policy Committee (MPC) and release its sixth bi-monthly statement for 2018-19. Today's statement from the central bank will mark the first under

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Stock markets extended the rally to fifth day with the S-P BSE Sensex surging over 350 points and the NSE Nifty 50 Index climbing above 11,050 to hit highest level in over four months. The Sensex rose 358 points or 0.98 per cent to close at 36,975 and the NSE Nifty 50 Index advanced 1.17 per cent or 128 points to 11,062. Rally in today's

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