Business

The Finance Ministry will take up the issue of dividend and Prompt Corrective Action (PCA) and easing of SME (small and medium enterprises) loan norms by public sector banks banks with the RBI when Finance Minister Arun Jaitley will address the Board of

Major American IT player Cognizant will pay $25 million to the US Security and Exchange Commission to settle its India bribery charges, as Department of Justice filed criminal cases against two if its former top executives. The two former executives have been charged for their roles in facilitating the payment of millions of dollars in

NPS or National Pension System is a government-sponsored retirement planning instrument regulated by the Pension Fund Regulatory and Development Authority (PFRDA). NPS gives the investor the option to set his or her preferred allocation to different asset classes, such as government bonds, equity market instruments and corporate debt, among other

Immediate Payment Service (IMPS) is an instant payments service that enables round-the-clock money transfer through the use of mobile app, mobile banking or internet banking. One can transfer money through IMPS at any time or day, irrespective of holidays, under

Fixed deposit (FD), a secure investment instrument, offers higher interest rates than the deposits in savings accounts. Fixed deposits can be started for specific period, which can be as short as 7 days. FD interest rates of most banks are higher for senior

The S-P BSE Sensex fell for seventh day in a row to clock its longest stretch of losses since February 7, 2018 as investors turned cautious amid rising geo-political concerns. The S-P BSE Sensex fell as much as 365 points and Nifty dropped 126 points before Sensex closing 0.19 per cent or 67 points at 35,809 and Nifty settling 20 points

India Post or Department of Posts, the postal system of the country, offers several savings schemes with different interest rates. The Sukanya Samriddhi Yojana, one such savings scheme offered by India Post, is a deposit scheme for the girl child and can be opened

IDBI Bank has sounded out to its new owner LIC seeking another tranche of up to Rs 12,000 crore to meet its huge provisioning requirements amid mounting losses.

The fresh support is required to cover for non-performing assets (NPAs) in the January-March quarter.

Life

Prime Minister Narendra Modi on Friday flagged off Train 18, the country's first semi-high speed train, from the New Delhi Railway Station, the government said in a statement. The commercial run of Train 18, the bookings for which have already begun, will start

The Reserve Bank of India (RBI) may impose monetary penalty on Yes Bank for breaching the confidentiality norms of its communications exchange with the private bank which the central bank is said to be treating as a market-related information slip aimed at boosting the stock.

Sources said this calls for penalty as in other regulatory

India's foreign exchange (forex) reserves declined by $2.12 billion during the week ended February 8, official data showed on Friday.

According to the Reserve Bank of India (RBI)'s weekly statistical supplement, the overall forex reserves decreased to $398.12 billion from $400.24 billion reported for the week ended February 1.

India's forex reserves

Nation's cash-starved residential real estate market is set to get a boost from foreign and domestic private equity firms, which are lining up big bets worth hundreds of millions of dollars for the sector.

The domestic residential real estate space has been

The key domestic equity indices may slide further in the coming week as the prevailing India-Pakistan tensions along with high global crude oil prices are expected to weigh heavy on investors' sentiments. Analysts predict, continuation of

The rupee slipped by 7 paise to close at 71.23 against the dollar on Friday, pressured by heavy foreign capital outflows and firming oil prices. This is the third straight session of loss for the domestic currency, during which it has depreciated by 53 paise.

On a

India's online retail industry has been in turmoil since the government implemented stringent new rules to rein in major players like Amazon.com Inc. and Walmart Inc.'s Flipkart. Amid the uproar, Vijay Shekhar Sharma -- whose two-year-old Paytm Mall is backed by Alibaba Group Holding Ltd. -- is quietly devising ways to outstrip his rivals.

The new

The indigenously built, high-speed Vande Bharat Express began its first commercial run from here on Sunday as per schedule, a day after it suffered a break down while on its way to Delhi from Varanasi.

The train left for Varanasi from the New Delhi Railway

India's trade deficit widened in January pushed by a rise in gold imports, while exports growth remained low, deepening concerns for Prime Minister Narendra Modi who wants to accelerate economic expansion ahead of elections.

PM Modi, who has set a target of doubling India's share

The rupee weakened by 17 paise to trade at 71.33 against the dollar in opening session on Friday following sustained demand for the greenback from importers amid foreign fund outflow and rising global crude prices. The dollar's gain against major world currencies also impacted the rupee sentiment, forex dealers said.    

At the forex

Most of the banks across the country require customers to maintain a monthly average balance (MAB) in their regular savings accounts. Monthly Average Balance (MAB) is the sum of all the end of day (EOD) closing balance divided by the number of days in that month. St

Employee Provident Fund (EPF) is a mandatory contribution that every company, which has more than 20 employees, has to deduct from the salary of its employees. An employee contributes 12 per cent of his salary towards the EPF, while an employer pays another 12 per cent, out of

Crude oil prices rallied on Friday, with Brent crude futures - the global benchmark for crude oil - hitting fresh 2019 highs amid US sanctions against Venezuela and Iran and supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC).

Brent pushed above $65 per barrel for the first time in 2019, before edging back to

No application is required to be submitted by the subscriber for final payment from GPF.

Gold prices surged by Rs 310 to Rs 34,310 per 10 gram at the bullion market on Friday on increased buying by jewellers coupled with a firming trend overseas, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. Silver rates also rose by Rs

Losses in financial, pharma, auto and metal stocks dragged the markets lower

State Bank of India or SBI offers various types of fixed deposit (FD) accounts. A fixed deposit is considered as a secure form of investment that gives guaranteed returns. Reinvestment plan, one of such product offered by the lender, also works like a fixed deposit (FD). The

Oil imports from Iran fell by 45 per cent in January to 270,500 barrels per day oil (bpd), ship tracking data reviewed by Reuters showed, below the estimated 300,000 bpd for the month as some cargoes were delayed.

The United States introduced

Sugar mills cannot sell the sweetener below Rs 31 per kg, the government announced on Thursday, a move that will boost the liquidity of cash-strapped millers and help clear mounting cane arrears of around Rs 20,000 crore. The centre has hiked the minimum selling price (MSP) of sugar by Rs 2 per kg to Rs 31, Food Minister Ram Vilas Paswan said. MSP

Post offices across the country provide a host of saving schemes with different rates of interest. Kisan Vikas Patra (KVP), one such product offered by post offices, at present grant an interest rate of 7.7 per cent. Post office KVP certificates can be purchased by

State Bank of India's multi-option deposit scheme (MODS), a type of fixed deposit (FD) or term deposit scheme, is linked to the savings or current account of an individual. A fixed deposit is a secure financial instrument offered by banks, which fetch guaranteed returns.

Nestle India, a unit of Swiss food group Nestle SA, reported a 9.6 per cent rise in fourth-quarter profit on Thursday, driven by strong demand for its products in its home market.

Profit came in at Rs 342 crore ($48.11 million) in the three months ended December 31, compared with Rs 312 crore a year earlier.

Revenue from operations grew 11.4 per