Business

Reliance Industries and ICICI Bank were among top movers in the Sensex.

Domestic equity benchmarks rose for third session in a row mirroring gains in other Asian markets thanks to a rally in Chinese stocks on expectations of more economic stimulus. Gains in today's session were led by Reliance Industries, ICICI Bank, HDFC, ITC and Bajaj Finance.

Details
Category: Business

Write comment (97 Comments)

Digitisation has touched every aspect of life. It is altering how organisations look at business sectors and markets, service their customers and ideate new businesses. Traditionally, governments have been slow to modernise, but today they view digitisation as a panacea that can save time and expenses, while enhancing their extent and

Details
Category: Business

Write comment (91 Comments)

Income tax assessees are required to link their PAN or Permanent Account Number with Aadhaar (Unique Identity Number) by the end of the month. According to the Income Tax Department, income tax assessees need to link the two identification numbers - the 10-digit PAN and 12-digit Aadhaar - by March 31, 2019. This will be essential for filing an

Details
Category: Business

Write comment (95 Comments)

GoAir is offering domestic flight tickets at a starting all-inclusive price of Rs. 1,199

Amid high competition in the civil aviation sector, airlines have come up with a slew of offers on domestic and international flight tickets. Passenger carriers IndiGo and GoAir are currently offering flight tickets at a starting price of Rs 899  and Rs 1,199 r

Details
Category: Business

Write comment (95 Comments)

Mumbai: 

The Reserve Bank of India (RBI) has fined at least 19 lenders, including top banks such as ICICI Bank and State Bank of India (SBI), for failing to comply with its guidelines on the use of global payments network SWIFT.

The RBI imposed the fines over the past four days, according to stock exchange filings by the banks, though specifics of

Details
Category: Business

Write comment (91 Comments)

Senior Citizen Savings Scheme (SCSS) offered by India Post or Department of Posts and State Bank of India (SBI) senior citizen fixed deposit (FD) accounts are some of the investment options available for senior citizens. Senior Citizen Savings Scheme (SCSS) can be opened by an individual of 60 years or above. An individual of the age of 55 years

Details
Category: Business

Write comment (90 Comments)

The risks involved in corporate fixed deposits are much higher than in bank FDs, financial analysts say

Fixed deposits or FDs are secure financial instruments offered by banks and non-banking financial companies (NBFCs), which fetch guaranteed returns. The interest rates offered on company fixed deposits are higher than those on bank fixed

Details
Category: Business

Write comment (90 Comments)

Ficci also highlighted five areas for the government in the next five years.

New Delhi: 

The government has assured to reduce corporate tax to 25 per cent from 30 per cent once the goods and services tax (GST) collections improve, said industrialists who met Finance Minister Arun Jaitley at North Block on Tuesday.

"The Finance Minister has promised

Details
Category: Business

Write comment (94 Comments)

At least four PSU banks and one private bank will cut interest rate this week.

After initial dithering, banks are now falling in line to cut interest rates after the RBI asked them to do so last month. A low interest rate cycle is on the anvil with a majority of banks now settling to cut lending rates by 5-10 basis points.

More banks will follow

Details
Category: Business

Write comment (97 Comments)

DHFL shares rose as much as 21% on the NSE.

Shares of the Mumbai-based mortgage lender-Dewan Housing Finance Corporation Ltd. surged as much as 20 per cent to Rs 160.80 on the BSE after an independent chartered accountant firm T. P. Ostwal - Associates LLP gave clean chit to DHFL promoters on the allegations made by Cobrapost. DHFL said in an

Details
Category: Business

Write comment (95 Comments)

The rupee had weakened by 20 paise to close at 70.92 against the dollar on Friday.

Mumbai: 

The rupee rebounded by 43 paise to close at 70.49 against the dollar on Tuesday largely driven by positive macro data and easing crude prices. Forex traders said heavy buying in domestic equities and sustained foreign fund inflows also propped up the local u

Details
Category: Business

Write comment (94 Comments)

The discount offer is available on 10 lakh seats across airline's network, according to the carrier.

IndiGo is offering flight tickets priced from Rs 899 in a limited-period sale. The carrier is offering domestic and international flight tickets at a starting all-inclusive price of Rs 899 and Rs 3,399 respectively in a special "Holi sale", it said

Details
Category: Business

Write comment (97 Comments)

Shares of the Bengaluru-based Azim Premji-promoted software services company- Wipro Ltd. rose as much as 4.65 per cent to Rs 285.40 on the BSE after it went ex-bonus in the ratio of one bonus share for every three shares held. On the National Stock Exchange, the stock climbed as much as 4.2 per cent to Rs 285.90. The board of directors of Wipro

Details
Category: Business

Write comment (98 Comments)

IRCTC also offers secure online payment via it's e-wallet service.

IRCTC or Indian Railway Catering and Tourism Corporation offers the facility of booking rail tickets online through its website and app. IRCTC, which handles catering, tourism and online ticketing operations of the Indian Railways, offers various channels via which passengers can

Details
Category: Business

Write comment (93 Comments)

Advances in auto, metal and energy stocks pushed the markets higher

Domestic stock markets recovered early losses shrugging off weakness in Asian peers. The Sensex rose as much as 369 points to touch 36,432.81 on the upside, and the Nifty moved to 10,978.55, up 115 points from the previous close. Advances in

Details
Category: Business

Write comment (94 Comments)

PM-SYM is a scheme under which the subscriber gets an assured minimum monthly pension of Rs 3,000.

Prime Minister Narendra Modi launched Pradhan Mantri Shram Yogi Maan-Dhan Yojna (PM-SYM) on Tuesday. The PM-SYM, a pension scheme for unorganized workers is being implemented for an estimated 42 crore workers

Details
Category: Business

Write comment (90 Comments)

Interest rates on all three types of savings accounts are fixed at 4 per cent per annum.

India Post Payments Bank (IPPB), a state-owned payments bank, offers different types of savings accounts - regular, digital and basic. Interest rates on all three types of savings accounts are fixed at 4 per cent per annum, according to the official website of

Details
Category: Business

Write comment (97 Comments)

With non-performing loans rising at major banks and financial institutions, bank lending has dwindled

Bengaluru: 

Housing prices in India will barely rise this year as a slowing economy and a liquidity crisis keep buyers on the sidelines, according to a poll by news agency Reuters, which forecast the rates to fall in Delhi. With non-performing loans

Details
Category: Business

Write comment (92 Comments)

Jio provides unlimited data with most of its plans, but with a FUP (Fair usage policy) limit.

Reliance Jio offers a host of prepaid recharge plans with voice calling, data and SMS benefits, among other features. Jio provides unlimited data with most of its prepaid plans for their respective validity periods, however the data speed gets reduced to

Details
Category: Business

Write comment (99 Comments)

Indian Oil Corporation, the country's largest fuel retailer, supplies LPG under brand Indane

LPG prices have been revised upwards this month. With the latest increase in LPG prices, the first hike after three straight monthly cuts, the subsidised and non-subsidised LPG prices in Delhi stand at Rs 495.61 per cylinder and Rs 701.50 per cylinder

Details
Category: Business

Write comment (92 Comments)

Activity in country's huge service sector accelerated in February, partly due to an increase in domestic new business which induced firms to maintain a solid hiring pace, a private survey showed on Tuesday.

This will provide some relief to policymakers and bolster hopes for a recovery in economic growth this quarter after Asia's third-largest

Details
Category: Business

Write comment (93 Comments)

A PPF account can be opened at a post office against payment of Rs 100, according to India Post.

PPF or 15-year Public Provident Fund is one among various types of small savings schemes offered by government. A Public Provident Fund account offers a return of 8 per cent per annum at present, and the interest

Details
Category: Business

Write comment (90 Comments)

Institutions such as small finance banks and post offices also offer the facility of recurring deposit.

Recurring Deposit (RD) is a kind of term deposit under which one needs to deposit a fixed amount at fixed interval, which generates interest income. Unlike a fixed deposit (FD) account, in which a lump-sum amount is locked in for a defined period

Details
Category: Business

Write comment (93 Comments)

Losses in information technology stocks offset the advances in energy and metal shares

Domestic stock markets started Tuesday's session on a lacklustre note amid weakness in Asian peers. The Sensex fell as much as 136.87 points to touch 35,926.94 on the downside, and the Nifty declined to 10,817.00, down

Details
Category: Business

Write comment (96 Comments)

Foreign fund inflows, easing crude prices and gains in domestic equities supported the rupee

Mumbai: 

The rupee depreciated by 11 paise to 70.60 against the US dollar in opening trade on Wednesday, amid increased demand for the greenback from importers and banks.

Forex dealers said strengthening of the American currency in the overseas market weighed

Details
Category: Business

Write comment (96 Comments)

Mid- and small-cap indexes outperformed their larger peers.

Domestic equity benchmarks rose for a second session in a row sidelining US-India trade concerns. US President Donald Trump looked set to open a new front in his trade wars on Monday with a plan to end preferential trade treatment for India that allows duty-free entry for up to $5.6

Details
Category: Business

Write comment (95 Comments)

IL-FS is reeling under debts of Rs 91,000 crore ($12.85 billion).

Mumbai/New Delhi: 

A third of the total outstanding loans by a unit of Infrastructure Leasing - Financial Services (IL-FS) to borrowers were either unsecured or had inadequate collateral, according to an interim report by audit firm Grant Thornton India.

Grant Thornton was

Details
Category: Business

Write comment (96 Comments)

Advances in information technology, consumer goods and metal stocks supported the markets

Domestic stock markets started Wednesday's session on a higher note, amid a mixed trend in Asian peers, as investors awaited US-China trade developments. The Sensex rose as much as 197.73 points to 36,640.27 while the

Details
Category: Business

Write comment (99 Comments)

One can invest a minimum of 30 gram (gross) gold under SBI's R-GDS scheme.

State Bank of India or SBI, the country's largest lender, also offers a special type of fixed deposit (FD) scheme denominated in gold. Under R-GDS or Revamped Gold Deposit Scheme (R-GDS), the customer can deposit the idle gold to earn

Details
Category: Business

Write comment (91 Comments)

Forex dealers said selling of the American currency by exporters supported the rupee

Mumbai: 

The rupee appreciated by 11 paise to 70.81 against the US dollar in opening trade on Tuesday, driven by weakening of the greenback in overseas markets and fresh foreign inflows. The rupee opened lower at 70.95 at the interbank forex market, but recovered to

Details
Category: Business

Write comment (99 Comments)