Business

Mr Gill, who takes the helm now, will have to walk a fine line.

As Deutsche Bank AG veteran Ravneet Gill moves into the 27th floor of Yes Bank's headquarters in downtown Mumbai, he brings the curtain down on one of the more colorful chapters in finance.

His predecessor, founder and Chief Executive Officer Rana Kapoor, built Yes Bank into country's

Details
Category: Business

Write comment (90 Comments)

Sovereign gold, too, fell by Rs 100 to Rs 26,500 per piece of 8 gram.

Gold prices fell by Rs 120 to Rs 34,080 per 10 gram at the bullion market on Friday, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. Sentiments remained downbeat largely in tandem with a weak trend overseas where gold retreated to a

Details
Category: Business

Write comment (97 Comments)

Domestic stock markets started Friday's session on a strong note tracking gains in Asian peers, a day after official data showed India's GDP grew at the slowest pace in over a year. The Sensex jumped as much as 273.23 points to 36,140.67 during the session, while the Nifty moved to 10,871.60, up 79.1 points from the previous close. All sectors

Details
Category: Business

Write comment (94 Comments)

Former Finance Secretary Hasmukh Adhia was appointed as non-executive chairman of Bank of Baroda.

Former Finance Secretary Hasmukh Adhia was appointed as non-executive chairman of Bank of Baroda on Friday, according to a Personnel Ministry order.

The Appointments Committee of the Cabinet has approved his appointment as part-time non-official

Details
Category: Business

Write comment (94 Comments)

SIP allows one to decide how much he/she wishes to invest.

Systematic Investment Plan, commonly referred to as an SIP, allows investors to park a certain sum of money periodically in a mutual fund (MF) for a specific period. Mutual funds are operated by professional fund managers, who allocate the fund's

Details
Category: Business

Write comment (90 Comments)

As a beginner, the most valuable input is appropriate advice and investment guidance.

Money lying idle in a bank account earns a nominal interest. Financial experts advise investors to park their wealth in schemes that offer higher returns. However, too many investment options available in the market may confuse many. One of the basic rules of

Details
Category: Business

Write comment (100 Comments)

Jet Airways Ltd said on Friday it grounded two more aircraft as the carrier failed to make payments to its lessors, taking the total number to 21.

On Thursday, two sources with direct knowledge of the matter told Reuters that the cash-strapped carrier's founder, Naresh Goyal, had agreed to step down as chairman of the airline's board.

Details
Category: Business

Write comment (91 Comments)

Amazon Super Value Day sale is valid up to March 7.

E-commerce major Amazon India is offering cashbacks and discounts on sales of monthly groceries under a limited-period sale. Called Super Value Day, the sale by Amazon started on Friday and will remain open till March 7, according to Amazon India, which operates the amazon.in website. Under the

Details
Category: Business

Write comment (92 Comments)

LPG cylinder price: Currently, consumers purchase cooking gas at market price

LPG prices were increased on Friday, marking the first upwards revision after three straight monthly cuts. In Delhi, while the subsidised LPG will cost Rs 2.08 per cylinder more in March, non-subsidised LPG rate prices have been

Details
Category: Business

Write comment (98 Comments)

Reliance Jio's Rs 1,699 plan offers 1.5 GB of high speed data per day for 365 days.

Reliance Jio, India's newest wireless telecom services provider led by Mukesh Ambani, is offering various prepaid recharge plans for its customers. Recharge plans offered by Reliance Jio for 1.5 GB of internet data per day starts from Rs 149 for 28 days, according

Details
Category: Business

Write comment (97 Comments)

For the next fiscal 2019-20, the GST collection target has been budgeted at Rs 13.71 lakh crore.

New Delhi: 

GST collections in February dropped to Rs 97,247 crore in February from Rs 1.02 lakh crore in the previous month, the Finance Ministry said on Friday. The number of sales return or GSTR-3B filed for the month of January up to February 28,

Details
Category: Business

Write comment (100 Comments)

If you look at credit offtake figures of RBI, the industry has been growing around 15-16%, said SBI chief

New Delhi: 

The country's largest lender State Bank of India (SBI) on Thursday said credit growth in the banking sector will continue, allaying fears of certain dip in loan expansion activity in the sector.

"If you look at credit offtake figures

Details
Category: Business

Write comment (93 Comments)

Reports of a potential stake sale drove Tata Motors shares up as much as 3.7%.

Tata Motors Ltd on Friday denied media reports that it was exploring options for its ailing luxury car unit Jaguar Land Rover Automotive Plc.

Two media reports said the company was considering options including a minority stake sale in the JLR unit or finding a venture

Details
Category: Business

Write comment (98 Comments)

Domestic equity benchmarks snapped their three-day decline led by rally in banking, media and metal shares. The S-P BSE Sensex rose 0.55 per cent or 196 points to settle at 36,064 and the NSE Nifty 50 Index climbed 71 points or 0.66 per cent to end at 10,863. Rally in today's session was broad-based as the mid- and small-cap shares

Details
Category: Business

Write comment (94 Comments)

Naresh Goyal, who founded Jet Airways 25 years ago, has also agreed to reduce his 51%, one source said

Jet Airways' founder Naresh Goyal has agreed to step down as chairman of the airline's board, two sources with direct knowledge of the matter told Reuters on Thursday, as the cash-strapped carrier inches closer to securing a rescue deal.

Mr Goyal,

Details
Category: Business

Write comment (98 Comments)

SBI reported frauds amounting Rs 7,951 crore in first nine months of FY19.

State Bank of India (SBI) said on Friday it had reported frauds amounting Rs 7,951 crore during the first nine months of fiscal 2019, mainly due to frauds declared in some large-value accounts.

Also Read: SBI Minimum Balance Rules, Penalty Charges For Non-Compliance: All You

Details
Category: Business

Write comment (92 Comments)

SBI accounts are divided on the basis of locations into four categories of branches.

State Bank of India (SBI) levies certain charges on customers failing to meet its monthly average balance (MAB) rules applicable to savings accounts. Monthly average balance of an SBI savings bank account is the average of daily balances in the account in a month,

Details
Category: Business

Write comment (90 Comments)

IRCTC handles the catering, tourism, and online ticketing operations of the Indian Railways.

In a bid to promote digital transactions, IRTCTC or Indian Rail Catering and Tourism Corporation on Thursday launched its much-awaited payment aggregator system 'IRCTC iPay', reported news agency Indo-Asian News Service (IANS). The exclusive digital payment

Details
Category: Business

Write comment (100 Comments)

Mumbai: 

Healthy demand conditions accelerated the pace of country's manufacturing sector output in February to a 14-month high, a key economic data showed on Friday.

As per the Nikkei India Manufacturing Purchasing Managers' Index (PMI), the composite indicator of manufacturing performance showed an index reading of 54.3 in February from 53.9 in

Details
Category: Business

Write comment (94 Comments)

Sensex and Nifty were underperforming the mid and small cap indexes.

Domestic equity benchmarks came off intraday high levels owing to weakness in Reliance Industries and Bharti Airtel. Meanwhile, gains in banking stocks such as ICICI Bank, Kotak Mahindra Bank and IndusInd Bank continue to support the Sensex and Nifty stay in positive territory.

Details
Category: Business

Write comment (98 Comments)

New Delhi: 

Johnson - Johnson has resumed production of its baby powder at plants in India after government tests found no asbestos in the product, the company said on Thursday.

"Johnson - Johnson has resumed production of its Johnson's Baby Powder at plants in Baddi and Mulund, after government sanctioned testing reaffirmed that the product

Details
Category: Business

Write comment (95 Comments)

On a weekly basis, the domestic currency registered a gain of 22 paise.

Mumbai: 

The rupee weakened by 20 paise to close at 70.92 against the dollar on Friday amid strengthening of the American currency and rising crude oil prices. Forex traders said slower GDP, higher crude oil prices, and faltering trade talks between the US and China weighed on

Details
Category: Business

Write comment (98 Comments)

Aadhaar is a 12-digit personal identification number issued by Unique Identification Authority of India

The Income Tax Department has announced March 31 as the due date for income tax assessees to link their PAN (Permanent Account Number) with Aadhaar card number. This means that you have about a month to link your PAN card with Aadhaar card if you

Details
Category: Business

Write comment (96 Comments)

Merger of Vijaya Bank and Dena Bank with Bank of Baroda is underway to create third biggest PSU bank.

The government is studying various models of PSU banks consolidation though a concrete decision will be taken only after the success of three-way merger of Bank of Baroda (BoB), Dena Bank and Vijaya Bank, official sources said on Thursday.

"There

Details
Category: Business

Write comment (100 Comments)

New Delhi: 

Even as the global economy will further weaken in 2019 and 2020, India's economy will grow at 7.3 per cent in both the calendar years as it is less exposed to the global slowdown, Moody's said.

"We expect India's economy to grow around 7.3 per cent in both the years," the US-based rating agency said in its quarterly Global Macro Outlook

Details
Category: Business

Write comment (90 Comments)

Finance Minister Arun Jaitley approved the extension in the term of the task force

New Delhi: 

A task force set up under the Central Board of Direct Taxes (CBDT) to draft a new direct tax law and replace the existing Income Tax Act has been given a three-month extension till May, an official order said. The current term of the task force expired on

Details
Category: Business

Write comment (99 Comments)

The shares of Bharti Airtel on the BSE settled at Rs 317.95 per share on Thursday

Mumbai: 

Telecom major Bharti Airtel on Thursday said its board of directors has approved fund raising up to Rs 32,000 crore, through rights issue and perpetual bonds.

The board, in its meeting during the day, approved a proposal to raise Rs 25,000 crore through rights

Details
Category: Business

Write comment (98 Comments)

The regulator raised the leverage limit for InvITs to 70 per cent from 49 per cent.

The Securities and Exchange Board of India (SEBI) said on Friday it would allow mutual funds and portfolio managers to trade in commodity derivatives, in a move to boost trade and deepen the market.

SEBI has been opening up the commodity derivatives market to

Details
Category: Business

Write comment (93 Comments)

On Thursday, the rupee rebounded by 52 paise to close at 70.72 against the dollar.

Mumbai: 

The rupee depreciated by 14 paise to 70.86 against the dollar in early trade on Friday on increased demand for the US currency from importers and foreign fund outflows. Besides, strength in dollar against major rival currencies on stronger US economic data

Details
Category: Business

Write comment (97 Comments)

The domestic currency had tumbled 17 paise to 71.24 against the dollar on Wednesday.

The rupee recovered by 52 paise to close at 70.72 against the dollar on Thursday as investors wagered on de-escalation of tensions between India and Pakistan, reported news agency Press Trust of India (PTI). A weaker dollar

Details
Category: Business

Write comment (97 Comments)