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India is a gas-starved country and imports almost half of its annual natural gas consumption.

New Delhi: 

The government is looking to expedite discovery efforts to establish the country's shale oil and gas potential and has asked companies to submit a plan, two industry sources said on Sunday.

In late 2013, the government gave rights to Oil and

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A digital savings account in IPPB account can be opened with zero balance.

India Post Payments Bank (IPPB), a state-owned payments bank, offers three types of zero balance savings accounts - regular savings account, digital savings account, and basic savings bank deposit account. A zero balance savings account doesn't require customers to maintain

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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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SBI Gold Deposit Scheme: One needs to deposit a minimum of 30 grams (gross) of gold.

SBI or State Bank of India, the country's largest lender, offers Revamped Gold Deposit Scheme (R-GDS), a fixed deposit scheme in gold. A fixed deposit is a financial instrument provided by banks which provides a higher rate of interest than regular savings account,

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From 7 days to 10 years, bank fixed deposits come with different maturity periods.

Bank fixed deposits (FDs) are very popular among investors looking for a guaranteed return from their investments. Leading banks like State Bank of India (SBI), HDFC Bank, ICICI Bank, among others offer the facility of opening a fixed deposit. From 7 days to 10

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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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Piyush Goyal's remarks follow his presentation of the interim Budget 2019-20 earlier this month

New Delhi: 

Noting that finance ministers all over the world are perennially in search of revenue to balance government budgets, Union Minister Piyush Goyal on Sunday favoured printing currency as a way of deficit financing, citing the example of the US.

Mr

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Forex traders said firming crude oil prices and heavy selling in domestic equities weighed on rupee.

Mumbai: 

The rupee appreciated by 14 paise on Friday to close at 71.31 against the dollar on persistent foreign fund inflows even as the greenback strengthened overseas amid fresh concerns over global growth. This is the fourth successive session of

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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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So far, Brexit talks between England and the European Union (EU) have not been fruitful.

New Delhi: 

Britain is set to leave the European Union (EU) on March 29 and concerns remain across the globe with the financial markets already jittery over the possibility of a no-deal Brexit. For India, experts say, Brexit might have a short-term adverse

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Bharat Petroleum Corp Ltd reported on Friday a 77 per cent plunge in third-quarter net profit, dragged down by higher expenses including raw material costs.

Profit came in at Rs 495 crore in the three months ended December 31, compared with Rs 2,144 crore a year earlier, the state-run company said.

However, it beat analysts' estimate of a profit of

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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 S-P BSE Sensex rose 289.79 points, 0.8 per cent, over the week to end at 36,546.48 points.

Mumbai: 

Macro-economic data points combined with the direction of foreign fund flows and the rupee's movement against the US dollar are expected to influence the domestic equity market next week, analysts opined. The ongoing quarterly results season,

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The USTrade Representative (USTR) was completing a review of India's status as a GSP beneficiary.

India could lose a vital US trade concession, under which it enjoys zero tariffs on $5.6 billion of exports to the United States, amid a widening dispute over its trade and investment policies, people with close knowledge of the matter said.

A move to

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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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SpiceJet Rs 899 offer: The travel period on SpiceJet's discount offer is valid till September 25, 2019.

SpiceJet has extended its special sale till February 10, 2019, said the airline on microblogging website Twitter. Under the offer, SpiceJet is offering domestic and international flight tickets starting from an all-inclusive Rs. 899 and Rs.

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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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PM Narendra Modi has set a target to cut the country's dependence on foreign oil to 67% by 2022.

New Delhi/Mumbai: 

The government on Sunday launched the third bidding round under its open acreage licensing policy (OALP), according to a statement.

Twenty three blocks covering an area of 32,000 square kilometers were offered for bidding, out of which

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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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GoAir is offering flight tickets at a starting all-inclusive price of Rs 1,418.

Airlines are regularly coming up with new offers on flight tickets in order to lure passengers and increase their customer base. These offers come amid high competition in the country's civil aviation sector, boosted by robust growth in passenger traffic registered over

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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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Reliance Group claimed the sale by L-T Finance is in violation of various regulatory norms.

Mumbai: 

Anil Ambani-led Reliance Group companies on Saturday said they will take all appropriate legal steps against L-T Finance to protect and enhance the value of their respective stakeholders.

The group companies which have decided to take

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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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Passengers availing senior citizen concession have to carry a proof of age while travelling, said IRCTC.

Indian Railways offers concessions on ticket prices to senior citizens, the quantum of which ranges from 40 per cent to 50 per cent. These reductions in fares are available in all classes of mail/express/Rajdhani/Shatabdi/Jan Shatabdi/Duronto

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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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