Business

Singapore: 

Jet Airways has grounded four aircraft after failing to make payments to lessors, in a sign that leasing firms are losing patience with the heavily indebted carrier. Jet Airways said in a regulatory filing late on Thursday that it is actively engaged with all its aircraft lessors and regularly provides them with updates on efforts

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Aadhaar-PAN Linking: Quoting of PAN for filing income tax return is mandatory.

Linking Permanent Account Number (PAN) with Aadhaar or Unique Identity Number, a 12-digit personal identification number issued by the Unique Identification Authority of India is mandatory for filing of income tax return (ITR),

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IndiGo Rs 899 offer: This sale is valid for travel between February 20, 2019 and April 15, 2019.

Passenger carrier IndiGo is offering domestic flight tickets at a starting all-inclusive price of Rs 899 in a special promotional sale offer. The booking period of IndiGo's flight ticket offer ends on February 9, 2018, said the airline on its official

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Fixed deposit interest rates are subject to change from time to time.

Fixed deposits or FDs are secure financial instruments offered by public, private sector banks, small finance banks, non-banking financial companies (NBFCs) and post offices, which fetch guaranteed returns. Fixed deposit interest rates are subject to change from time to time.

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Revenue from operations was 11,765 crorerupees.

Vodafone Idea reported on Wednesday its second quarterly loss since Vodafone Plc merged its Indian operations with Idea Cellular in August last year, though the figure was smaller than expected.

The loss after tax was Rs 5,005 crore ($699.49 million) in the quarter ended December 31, the company said

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Tech Mahindra shares surged as much as 6.66 per cent to a fresh 52-week high of Rs 800 after its quarterly profit beat analysts' estimates. Tech Mahindra's net profit rose 13 per cent in the quarter ended December 31, 2018 as against Rs 1,064.3 crore in the previous quarter. Analysts had on an average expected the net profit at Rs 1,103 crore,

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Domestic stock markets started Thursday's session on a strong note, ahead of the RBI's policy decision. The Sensex rose as much as 170  points to hit 37,145 in early trade while the Nifty touched 11,101, up 39 points from the previous close. Analysts awaited the outcome of the three-day policy review meeting of the Reserve Bank of India's Monetary

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Total revenue for the quarter from all JSW operations jumped 11.2% to Rs 20,318 crore

JSW Steel on Wednesday posted a 7.4 per cent drop in third-quarter net profit, missing estimates, dented by a decline in steel prices.

Net profit came in at Rs 1,624 crore ($226.75 million), for the three months ended December 31, compared with a profit of Rs 1,753

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Rupee vs dollar: Analysts will watch the outcome of the RBI's sixth bi-monthly policy closely

The rupee edged higher against the dollar in morning trade on Wednesday. The rupee appreciated by eight paise against the greenback to hit 71.49, compared with its previous close of 71.57. Strength in the domestic

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The Reserve Bank of India's Monetary Policy Committee, headed by Governor Shaktikanta Das, is due to release its sixth bi-monthly statement after conclusion of a three-day meeting. Economists, analysts and investors will monitor the policy statement and the central bank commentary closely for any signs of policy easing. While some economists

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Cipla Q3 report: Cipla is the country's second-largest generic drugmaker by market capitalisation.

Cipla, the country's second-largest generic drugmaker by market capitalisation, reported on Wednesday a 17.1 per cent drop in quarterly profit, dragged down by higher tax expenses and weak sales in domestic market.

Net profit came in at Rs 332 crore

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Rupee is the worst-performing major Asian currency this year.

Bengaluru: 

The rupee is set to underperform against the dollar again this year, weighed down by uncertainty ahead of a national election in May, but is unlikely to retest life-time lows, a Reuters poll showed.

After reversing some of the deep losses in the final few months of 2018, the

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Shaktikanta Das took charge as governor of the central bank in December

The Reserve Bank of India (RBI) will today conclude the three-day meeting of its Monetary Policy Committee (MPC) and release its sixth bi-monthly statement for 2018-19. Today's statement from the central bank will mark the first under

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Stock markets extended the rally to fifth day with the S-P BSE Sensex surging over 350 points and the NSE Nifty 50 Index climbing above 11,050 to hit highest level in over four months. The Sensex rose 358 points or 0.98 per cent to close at 36,975 and the NSE Nifty 50 Index advanced 1.17 per cent or 128 points to 11,062. Rally in today's

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Software services exporter Tech Mahindra posted on Tuesday a better-than-expected third-quarter net profit, boosted by robust growth in its IT business.

Net profit came in at 1,203 crore rupees ($167.71 million), in the three months ended December 31, compared with 943 crore rupees a year earlier, the company said.

Analysts on average had expected a

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New Delhi: 

Cabinet on Wednesday introduced amendments it said would make unregulated deposit schemes more difficult to run.

The additions to a 2018 bill would remove considerable time lags involved in punishing the operators of such schemes, Union Minister Ravi Shankar Prasad told reporters after the cabinet meeting.

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This comes after the ratings agency placed the credit ratings of JLR under review for possible downgrades

Fitch Ratings said on Wednesday it has placed the credit rating of Tata Motors on negative watch, stating increasing risks for its British luxury car unit - Jaguar Land Rover (JLR) - over a potentially chaotic Brexit.

This comes after the

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Gains were led by buying in IT and media stocks

Stock markets started Wednesday's session on a strong note, with the Sensex rising over 250 points and the Nifty hitting 11,000 for the first time in more than four months. The 30-scrip index rose as much as 277 points to touch 36,894 in early trade, while the

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JioPhone 2 is an upgraded version of Reliance Jio's existing feature phone called JioPhone.

Reliance Jio has announced a flash sale for JioPhone 2, its 4G-enabled feature phone. The flash sale for JioPhone 2 will begin at 12:00 pm on Thursday, February 7, the telecom operator said on its official website, jio.com. JioPhone 2 will be available at

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Fixed deposit interest rates are subject to change from time to time.

Punjab National Bank (PNB) has revised its fixed deposit (FD) interest rates. With effect from February 1, 2019, PNB has added three new maturity periods  - 111 days, 222 days and 333 days, according to the public sector lender's website, pnbindia.in. For 111 days, the bank is

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The penalties imposed by the RBI were over deficiencies in complying with different regulatory norms

Mumbai: 

The Reserve Bank of India (RBI) has imposed separate monetary penalties on three lenders -- UCO Bank, Axis Bank and Syndicate Bank -- over deficiencies in complying with different regulatory norms.

The central bank imposed a penalty of Rs 2

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TRAI Secretary SK Gupta said: "In three months, we expect prices of various channels to go down."

New Delhi: 

Rubbishing claims that the new broadcast tariff regime would increase bill amounts of cable TV and DTH subscribers, the Telecom Regulatory Authority of India (TRAI) on Wednesday said the new framework may actually decrease TV bills.

The

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The company reported a one-time charge of 342 crore rupees in the quarter.

Drugmaker Lupin Ltd posted a surprise third-quarter loss on Wednesday, due to a one-off charge in the quarter.

The company reported a net loss of 152 crore rupees ($21.2 million), compared to a profit of 222 crore rupees in the same quarter last year, the company said.

An

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The government said it will raise the amount in two tranches of Rs 18,000 crore each next month

New Delhi: 

In order to meet additional expenses, the government has decided to raise additional Rs 36,000 crore through dated securities taking the total borrowing through the instrument to Rs 96,000 crore in the remaining period of the current fiscal

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Government has deferred a plan to tax imports of touch panels, three sources said, after smartphone makers such as Samsung Electronics asked the government to delay levying tariffs on such new imported components under a phased plan to boost local manufacturing.

The tariff, which was supposed to kick in from February, has been delayed after

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Gerald Cotten was always conscious about security.

Digital-asset exchange Quadriga CX has a $200 million problem with no obvious solution -- just the latest cautionary tale in the unregulated world of cryptocurrencies.

The online startup can't retrieve about $145 million (C$190 million) in Bitcoin, Litecoin, Ether and other digital tokens held for

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Wall Street rose on Tuesday boosted by consumer discretionary and technology companies amid peak earnings, which have largely been positive so far, while investors wait for President Donald Trump's State of the Union address.

The S-P 500 is eyeing its fifth straight session of gains after a recent dovish stance from the Federal Reserve and on

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On Tuesday, the rupee ticked higher by 23 paise to close at 71.57 per dollar.

The rupee on Wednesday settled nearly unchanged at 71.56 against dollar as participants preferred to wait for the Reserve Bank of India's interest rate decision for further cues, reported news agency Press Trust of India (PTI). At

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South Korea and Taiwan led the region with inflows of $3.7 billion and $1.2 billion, respectively.

Foreigners were net buyers of Asian shares in January, data from seven exchanges showed, on hopes the US Federal Reserve would go slow with its monetary tightening measures this year and the trade talks would unwind some tariffs, bolstering world

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SBI Flexi Deposit Scheme: The rate of interest is same as applicable to fixed deposits (FDs).

SBI or State Bank of India, the country's largest lender, offers the option of opening a flexi deposit account, which is similar to a recurring deposit (RD) account. However, in case of a flexi deposit, instead of a single fixed instalment every month, one

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