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Shares of Reliance Communications fell 4.2%, Reliance Capital slipped 4.3% on Wednesday

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

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SpiceJet offer: SpiceJet is offering flight tickets from an all-inclusive Rs 2,499 on Bhopal-Mumbai route

SpiceJet has announced 12 new domestic flights later this year. The airline said in a statement on Tuesday that it will commence the 12 direct flights starting March 31, 2019. SpiceJet also said it will launch the new flights on the

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SBI Zero Balance Saving Account: Customers also get a number of facilities such as debit and ATM cards

State Bank of India (SBI) is offering various types of savings accounts including a zero balance saving account where monthly average balance (MAB) rule is not applicable. Monthly Average Balance (MAB) is

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Civil Aviation Minister Suresh Prabhu. (File photo)

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

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Petrol, diesel prices: Petrol and diesel rates are reviewed by oil marketing companies on a daily basis

Petrol and diesel prices were kept unchanged on Wednesday. The pause on price changes comes after six consecutive days of hikes in metros including Delhi and Mumbai. Petrol prices have been increased by Rs

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Indian bonds saw outflows of $181 million last month.

Foreign flows into emerging Asian bonds turned negative for the first time in four months in January, data showed, suggesting that a shift away from a tightening bias for regional central banks is dimming the attraction of its debt.

Foreigners sold a net $3.27 billion worth of bonds last month,

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The rupee had closed at 71.34 versus dollar on Monday.

Mumbai: 

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

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Anil Ambani and others breached their undertaking, the court said.

Shares of Reliance Group companies came under selling pressure after the Supreme Court found its promoter Anil Ambani guilty of contempt in Ericsson case. Reliance Communications (RCom) fell as much as 9.46 per cent to Rs 5.45 on the BSE. Reliance Infrastructure declined 8.75 per

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Domestic equity benchmarks extended losses reversing intraday gains after selling pressure intensified in information technology heavyweights - Tata Consultancy Services and Infosys in last hour of trade. The S-P BSE Sensex clocked ninth session of losses, its longest losing streak in nearly eight years, and Nifty 50 Index fell for eighth day

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IndiGo, India's biggest carrier by market share, and its low-cost rival GoAir, both fly the A320neos.

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

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Debt-ravaged Jet Airways India Ltd., the country's biggest full-service airline, is selling a majority stake for 1 rupee -- a little more than 1 U.S. cent. It's part of a bailout plan by its state-owned lenders that will give the airline time to arrange fresh equity. The complicated arrangement is on track to be voted through on Feb. 21, in what

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Companies like JSW Steel, Vedanta, Tata Steel, ArcelorMittal have been in a look-out for new assets.

New Delhi: 

The government has decided to give a push to its strategic disinvestment plan within the current fiscal year itself by clearing sale of 100 per cent stake in three special steel producing units of Steel Authority of India Ltd. (SAIL),

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Rs 4,638 crore and Rs 205 crore will be provided to Bank of India and Bank of Maharashtra respectively.

New Delhi: 

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

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Domestic stock markets started Wednesday's session on a strong note tracking gains in Asian peers. The Sensex rose as much as 256 points to 35,608 in early trade, while the Nifty touched 10,682, up 78 points from the previous close. Advances in banking, energy and metal stocks led the markets higher. At 9:23 am, the Sensex traded 253 points higher

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Furnishing of PAN card is mandatory for a contract valued above Rs 1 lakh for sale/purchase of securities

PAN or Permanent Account Number is a ten-digit alphanumeric number issued by the Income Tax Department to an assessee. PAN enables the taxman to link transactions of the person. These include tax payments, TDS (tax deducted at source)/TCS (tax

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RBI Governor Shaktikanta Das has said that transmission of monetary policy decisions is important

New Delhi: 

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

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However, e-ticket cannot be cancelled after chart preparation for normal passenger.

IRCTC or Indian Railway Catering and Tourism Corporation, which handles the catering, tourism and online ticketing operations of the Indian Railways, also offers the option of ticket cancellation via its official website- irctc.co.in or mobile app. After the

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Bookings under GoAir sale offer can be made till February 20, 2019.

GoAir is offering domestic and international flight tickets at a starting all-inclusive price of Rs. 1,499 and Rs 4,999, respectively in a sale offer, said the airline on its website - goair.in. Bookings under the sale offer can be made till February 20, 2019. The sale is valid for

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Indiabulls Housing Finance was the top gainer in Nifty 50 basket of shares.

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

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The hike will benefit about 48.41 lakh central government employees and 62.03 lakh pensioners.

New Delhi: 

The Union cabinet Tuesday increased the dearness allowance (DA) by 3 per cent effective from January 1, 2019, to "compensate" for price rise, a move which will benefit 1.1 crore central government employees and pensioners. The decision in this

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Post office account: Investment in a savings account fetches interest at the rate of 4%

The government currently offers nine types of small saving schemes, ranging from fixed deposit (FD) to Sukanya Samriddhi and Senior Citizen Savings Scheme (SCSS). For the current quarter, ending on March 31, 2019, investment in post office small savings schemes

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New Delhi: 

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

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SpiceJet new flight services will start from March 31, 2019.

New Delhi: 

Budget passenger carrier SpiceJet will commence 12 new direct flights on its domestic network, starting March 31, 2019.

According to the company, the new services include daily direct flights on the Bhopal-Surat-Bhopal, Gorakhpur-Mumbai-Gorakhpur and Jaipur-Dharamshala-Jaipur

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Fixed deposit interest rates vary according to separate maturity baskets across different banks.

Fixed Deposits (FDs), which grant guaranteed returns on investments, offer higher interest rates than the deposits in savings accounts. FDs are fixed-income instruments, the returns on which are determined at the time of initiating the deposit. The

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New Delhi: 

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

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Sachin Bansal (Left) with Ola co-founder Bhavish Aggarwal.

Ride hailing application backed by SoftBank Group and Tencent Holdings - Ola confirmed an investment of Rs 650 crore by Flipkart co-founder Sachin Bansal, said the Bengaluru-based firm in a statement on Tuesday. The investment from Mr Bansal comes as Ola is locked in a battle for market

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Suresh Prabhu said the exemption will apply to start-ups with total investment not exceeding Rs 25 crore

A long-drawn dialogue between troubled start-ups and the government has finally come to a close, with the government announcing a blanket exemption from angel tax for all start-ups that are recognised by the Department for Promotion of Industry

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However, GST on lottery was not be taken up for discussion by the Council on Wednesday.

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

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Sovereign gold, on the other hand, continued to rule flat at Rs 26,400 per piece of 8 grams.

Gold prices on Tuesday rose Rs 230 to Rs 34,680 per 10 grams at the bullion market in the national capital on firm trend overseas reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. Besides, silver rose by Rs 100 to Rs

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Trading in theforex and debt markets would resume on Wednesday now.

The foreign exchange and debt markets are closed on Tuesday on account of Chhatrapati Shivaji Jayanti, according to RBI's official website- rbi.org.in. On Monday, the rupee had weakened by 11 paise to end 71.34 against the dollar amid firming crude oil prices and persistent foreign

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