Business

ICICI Bank on Wednesday reported a net profit of Rs 1,604.91 crore for the October-December period. That marked a decline of 2.8 per cent from a net profit of Rs 1,650.24 crore reported for the quarter ended December 31, 2017, according to a regulatory

Domestic stock markets started Wednesday's session on a highernoteamid positive cues from other Asian peers ahead of US-China trade talks and US Federal reserve policy meet outcome.The Sensex rose as much as 257.91

HCL Technologies reported on Tuesday a nearly 26 per cent jump in third-quarter profit, boosted by strong performances in its software services business.

Net profit for the three months ended December 31, 2018, stood at Rs 2,605 crore ($366.49 million), compared with a profit of Rs 2,075 crore in the year-ago period, the software services exporter

Extending its upward trend, gold prices on Wednesday rose by Rs 320 and crossed the Rs 34,000 mark per 10 grams at the bullion market here mirroring firm trend overseas, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. The

The National Company Law Tribunal (NCLT), Ahmedabad bench, on Tuesday rejected the Essar promoters plea to repay their debt and withdraw Essar Steel from the insolvency proceedings, giving advantage to ArcelorMittal in the race.

Within days

Domestic stock markets closed lower on Tuesday, falling a third straight day. The S-P BSE Sensex ended 64.20 points, or 0.18 per cent, lower at 35,592.50 while the NSE's benchmark index Nifty finished at 10,652.20, down 9.35 points or 0.09 per cent from the previous close. The losses

The government will present the interim Budget 2019 on February 1. This will be the last budget before the general election due by May this year. From industry experts to common public, all eyes will remain on Budget announcements for any signs of changes in

Shares of home loan provider Dewan Housing Finance Corp fell 8 per cent on Tuesday following a media report that alleged financial misappropriation by the controlling shareholders of the company.

Dewan Housing, one of the country's largest housing finance companies,

Air India has extended its Republic Day sale till January 31, 2019, said the airline on microblogging website Twitter. Under the sale, the national carrier is offering domestic and international flight tickets at a starting price of Rs. 979 and

Power producer NTPC posted a 1 per cent rise in December-quarter profit on Wednesday, missing estimate, as higher expenses weighed.

Third-quarter profit after tax from continuing operations came in at Rs 2,385 crore ($335.16 million), marginally higher from Rs

On Feb. 1 in India, Prime Minister Narendra Modi's government will present its last federal budget before general elections are held in a few months. Unlike most other budgets, this typically isn't a high-octane affair; governments are discouraged from locking their successors into any new spending or taxes. An “interim” budget, as it's called, tri

Pressure is building on the Reserve Bank of India (RBI) to pay part of its profits to the government before a crucial election due by May, providing Prime Minister Narendra Modi with cash to boost spending and voter support, while keeping the budget deficit in check.

Revenue from a goods and services tax, or GST, has for the most part fallen short

Domestic stock markets finished Wednesday's range-bound session on a flat note as investors remained on the sidelines ahead of multiple macro pointers this week including the interim budget on Friday and China-US trade talks. The S-P BSE

Jet Airways creditor State Bank of India is likely to own 15 per cent of the airline if the cash-strapped carrier's plan for a debt-for-equity swap is approved, TV channels reported on Tuesday.

With debts of about $1.14 billion, Jet has been hit by

Domestic stock markets moved in a narrow range on Tuesday amid weakness in Asian peers as investors turned cautious ahead of Budget announcements due later this week. The Sensex fell as much as 124 points to hit 35,532 on the downside, while the Nifty dipped to 10,616, down 44 points from the previous

Bajaj Auto posted a higher profit on Wednesday, exceeding analysts' expectations, as the company sold more motorcycle units during the quarter.

Profit rose to Rs 1,102 crore ($154.72 million) for the three months ended December 31, compared with Rs 952 crore a

The opportunity to own the largest broadcaster in a consumer market of 1.3 billion people doesn't arrive all that often; even more rarely does it come after a single-day 26 percent rout in the stock.

The special situation has arisen because of Indian infrastructure financier-operator IL-FS Group's sudden $12.8 billion bankruptcy. Analysts who

Conglomerate JSW Steel and global trading firm Duferco are in advanced talks on a five-year cash-for-steel prepayment deal, four sources familiar with the matter said, in a rare move for the industry.

JSW, India's biggest steelmaker, and

Indian Oil Corp (IOC) reported nearly 91 per cent slump in quarterly profit on Wednesday, as a plunge in global crude prices took a toll on margins of oil refiners and marketing companies.

The three public sector companies - IOC, Bharat Petroleum Corp and

Walmart Inc's online retailer Flipkart has told the government the company faces the risk of "significant customer disruption" if the implementation of new curbs for e-commerce is not delayed by six months, a source told Reuters.

New foreign investment

The US economy was expected to lose $3 billion from the partial government shutdown over President Donald Trump's demand for border wall funding, congressional researchers said on Monday as 800,000 employees returned to work after 35

With the code of conduct for the upcoming general election likely to kick in during the period between late February and early March, intense pressure is being mounted on the Reserve Bank of India (RBI) and its new Governor Shaktikanta Das to part with a

Bank of Baroda said on Tuesday its third-quarter net profit more than quadrupled, but missed estimate as the lender set aside higher provisions for bad loans.

Net profit jumped to Rs 471 crore ($66.21 million) in the three months ended December 31, 2018, from

Top Nifty laggards were Indiabulls Housing Finance, GAIL, BPCL, Bajaj Auto and PowerGrid

The rupee depreciated by 25 paise to 71.36 against the dollar in early trade on Wednesday amid strengthening of the American currency and rising crude prices. Forex traders said strengthening of the dollar against some currencies overseas and sustained foreign fund

The massive plunge in Zee Entertainment Enterprises Ltd (ZEEL) stock last week following a media report which said that Zee promoters Essel Group was involved in money laundering has had a fallout in the quick resignation of an independent director of the group company Zee

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. In a fixed deposit account, money can be

Budget airline GoAir on Tuesday said that it will commence direct flight operations on Kannur-Abu Dhabi-Kannur route from March 2019.

According to the company, Abu Dhabi will become the airline's fourth international destination and 28th overall.

"GoAir will operate 4

Axis Bank more than doubled net profit in its last quarter led by former chief executive Shikha Sharma, driven by higher interest income and recoveries from written-off accounts. The private sector lender said on Tuesday its net profit rose to Rs 1,681 crore

Finance Minister Piyush Goyal on Monday reviewed the performance of public sector banks (PSBs) during which they committed themselves to stepping up lending to micro, small and medium enterprises (MSMEs) while also significantly increasing the