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Post office senior citizen savings account (SCSS) can be opened by an individual of 60 years or above.

Senior Citizen Savings Scheme (SCSS), one among nine small savings schemes offered by post office, serves as an investment avenue and helps in generating wealth for a successful retirement life. Post office Senior Citizen Savings Scheme has a

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Researchers say there is a significant opportunity to unleash artificial intelligence across value chain

Paris: 

The use of artificial intelligence (AI) offers a cost-saving opportunity worth about $340 billion for retail companies able to scale and expand scope of their existing deployments, according to a new global study from French technology

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Most of sectoral indices on NSE closed higher.

Domestic stock markets closed in green amid cautious trade on first trading day of calendar year 2019. The S-P BSE Sensex ended 186.24 points or 0.52 per cent higher at 36,254.57 on Tuesday, while broader Nifty50 of National Stock Exchange (NSE) finished at 10,910.10, up 47.55 points or 0.44 per

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Merger of Bank of Baroda, Vijaya Bank - Dena Bank will come into force on April 1, 2019

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved merger of state-run Vijaya Bank, Bank of Baroda and Dena Bank. This marks first-ever three-way merger in country's banking sector. The merged

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Consumer price index hit a 17-month low of 2.33 per cent in November.

Manufacturing activity expanded at a slower pace in December as growth in new orders and output waned, despite factories cutting their prices, a private survey showed on Wednesday.

The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, declined to 53.2 in

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This is second straight monthly reduction in rates and biggest single cut ever.

New Delhi: 

Jet fuel price was cut on Tuesday by a record 14.7 per cent on back of decline in international rates, making it cheaper than both petrol and diesel. The price of Aviation Turbine Fuel (ATF) -- used to power airplanes --  was slashed by Rs 9,990 per

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Recently, Governor Shaktikanta Das also met chiefs of public sector and private sector banks.

Mumbai: 

A day after Reserve Bank allowed restructuring defaulted loans of up to Rs 25 crore taken by micro, small and medium enterprises (MSMEs), Governor Shaktikanta Das said he will hold talks with representatives from MSME and non-banking financial

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On Tuesday, rupee had appreciated 34 paise to 69.43 against American currency.

The rupee deprecated by 23 paise and fell to 69.70 per dollar mark in early trade on Wednesday amid strengthening of American currency and lower opening in domestic equities. Forex traders said sustained foreign fund outflows also weighed on local unit. However, lower

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

State-run Punjab National Bank (PNB) has revised its fixed deposit interest rates in select maturities. With effect from January 1, 2019, PNB will pay interest at rate of 5.75 per cent to general public on fixed deposits up to Rs 1 crore for maturity periods between seven days a

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Customers get a number of facilities such as debit and ATM cards and internet banking with BSBD account.

State Bank of India's Basic Savings Bank Deposit (BSBD) account, a zero balance savings account, doesn't require customers to maintain any particular minimum average balance. BSBD account is primarily meant for poorer sections of society to

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Sebi, had announced its plan to mandate physical settlement in April last year, without giving timeline.

Government will make physical settlement of all equity derivatives contracts mandatory this year in a bid to reduce volatility and reinvigorate process of borrowing and lending of stocks.

The Securities and Exchange Board of India, or Sebi, had

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The meeting is likely to take place before end of this month.

China has sought talks with India to allay concerns on a regional free trade pact it is spearheading, two people familiar with matter said, as Beijing seeks newer markets amid ongoing trade war with US.

The 16-country Regional Comprehensive Economic Agreement has been in works for a while

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FD Interest Rates: Fixed deposit interest rates are subject to change from time to time.

Punjab National Bank revised its fixed deposit interest rates with effect from Tuesday. 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,

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Intense pricing competition, a weak rupee and rising fuel costs weighed on domestic airlines in 2018.

Debt-laden Jet Airways Ltd has delayed payment to a consortium of banks, led by State Bank of India Ltd, airline said late Tuesday.

The payment of interest and principal instalment was delayed "due to temporary cash flow mismatch" and company is in

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LPG cylinder price: Subsidised cooking gas rates have been cut by Rs 5.91-6.03/unit in four metros

LPG or liquid petroleum gas prices were lowered this month. While subsidised LPG rates were lowered by Rs 5.91-6.03 per cylinder in Delhi, Kolkata, Mumbai and Chennai with effect from January 1, 2019, non-subsidised cooking gas prices were reduced by

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Share markets on Wednesday: Forty one out of 50 stocks on Nifty finished session lower.

Domestic stock markets fell around 1 per cent on Wednesday tracking weakness in Asian peers. Bombay Stock Exchange (BSE) benchmark index Sensex ended at 35,891.52, down 363.05 points or 1.00 per cent from previous close,

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Heavyweights HDFC, HDFC Bank, Mahindra - Mahindra contributed most to losses on Sensex.

Domestic stock markets started Wednesday's session on a negative note amid weak cues from Asian peers and foreign fund outflows. The S-P BSE Sensex dropped as much as 218.79 points to touch 36,035.78, while

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SBI pays same interest on a multi option fixed deposit account as a fixed deposit account.

SBI or State Bank of India, country's largest lender, offers option of opening a Multi Option Deposit Scheme (MODS) account under its personal banking portfolio. SBI Multi Option Deposit Scheme is a type of fixed deposit or term deposit scheme. A fixed

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Loss of margin should be full reversed by March end of current fiscal year, official added.

State-owned fuel retailers have stopped absorbing a government-mandated cut of Rs 1 (0.014 US cents) a litre in their marketing margins on sale of petrol and diesel due to a steep fall in global oil prices, sources said. In October, finance ministry had cut

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The restructuring has to be implemented by March 31, 2020, said RBI.

The Reserve Bank of India on Tuesday released a set of guidelines on restructuring of loans to MSME (Micro, Small and Medium Enterprises) sector. Announcing new norms, RBI permitted a one-time restructuring of existing loans to troubled MSMEs under certain conditions. The RBI

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Domestic shares began year on a negative note on Tuesday as investors stayed away from making bets, with corporate earnings season slated to begin next week.

With trade optimism bringing some cheer, markets posted their third consecutive annual gain in 2018 and outperformed most Asian indices, according to Refinitiv data. However, global stock

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Concerns about a global economic slowdown impacted sentiment in oil markets, say analysts

Singapore: 

Crude oil markets dropped by around 1 per cent in 2019's first trading on Wednesday, pulled down by surging US output and concerns about an economic slowdown in 2019 as factory activity in China, world's biggest oil importer, contracted.

International

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Rupee has rallied by a hefty 92 paise in last three trading sessions.

Mumbai: 

The rupee kicked off 2019 on a resounding note, building up on gains of previous two sessions and adding another 34 paise on Tuesday to close at 69.43 against US dollar on increased selling of greenback by exporters and smart gains in domestic equities. The domestic unit

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Domestic stock markets started first session of calendar year 2019 on a lacklustre note. The Sensex opened 93 points higher at 36,161 and Nifty at 10,881, up 19 points from previous close. However, benchmark indices reversed those gains in first few minutes of trade, with Sensex falling as much as 89 points to hit 35,978, and Nifty shedding 29 poi

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Indian Oil has said a detailed feasibility report for expansion has yet to be prepared

New Delhi: 

Indian Oil Corp, country's biggest refiner, said on Wednesday that Iran may still invest in a refinery expansion project at one of its subsidiaries.

Indian Oil chairman Sanjiv Singh said that Iran has not ruled out participating in expansion at Chennai

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The Goods and Services Tax (GST) collection stood at Rs 97,637 crore in November.

New Delhi: 

GST collection dropped to Rs 94,726 crore in December 2018, lower than Rs 97,637 crore collected in previous month. The total number of sales returns or GSTR-3B filed till December 30, 2018, is 72.44 lakh, finance ministry said in a statement. Compensation

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Mumbai: 

The rupee started New Year on a positive note. Gaining by 15 paise against greenback, rupee touched 69.62 in early trade on Tuesday. Besides weakness in greenback against some currencies overseas, said forex traders, increased selling of US currency by exporters and banks supported rupee. At interbank forex market, rupee opened higher at

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Last calendar year, NSDL data showed that FPIs sold Rs 33,014 crore worth of equities in 2018.

Mumbai: 

The coming general elections, along with ongoing US-China trade war and crude oil prices will determine trajectory of equities in 2019.

Additionally, Reserve Bank of India's (RBI) rate stance, direction of foreign fund flows, rupee's strength

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Sovereign gold, however, remained unchanged at Rs 25,200 per piece of 8 grams.

Gold prices rose by Rs 200 to Rs 32,470 per 10 grams at bullion market on first day of trade in 2019 amid pick-up in demand, reported news agency Press Trust of India (PTI). In line with gold, silver too gained Rs 150 to Rs 39,250 per kg on increased demand from

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The government holds 90.8 per cent stake in lender as on September 30.

Kolkata: 

State-run lender UCO Bank on Monday said central government has infused Rs 3,076 crore of capital into it by way of preferential allotment. The government "has conveyed its decision to invest Rs 3,074 crore in equity of Bank by way of preferential allotment and Bank has

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