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Total oil imports in December were about 4.9 bpd, up about 15 per cent from a year ago, data showed.

New Delhi: 

The country's oil imports from Iran fell by 41 per cent in December to 302,000 barrels per day oil (bpd), ship tracking data reviewed by Reuters showed, as pressure from US sanctions took effect. The United States introduced tough

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Less than a month before budget, risks are growing that government will miss fiscal targets for a second year in a row as it gives in to populist pressures before a high-stakes election.

Speculation is mounting of possible cash handouts to farmers and tax exemptions to shore up voter support ahead of polls due by May. Prime Minister Narendra Modi's

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JLR became Britain's biggest carmaker in 2016.

London: 

Jaguar Land Rover (JLR) will cut 10 per cent of its workforce, mostly in its home market, as Britain's biggest carmaker faces lower Chinese demand and a slump in European diesel sales. JLR, based in central England, will cut some 4,500 out of 42,500 jobs, targeting managerial roles rather than

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The value of gold reserves increased by $465.5 million to $21.689 billion in reporting week

Mumbai: 

The country's foreign exchange reserves jumped by $2.68 billion -- one of largest increases in recent months -- to touch $396.084 billion in week to January 4, driven by a rise in core currency assets and gold holdings, RBI data showed Friday. The

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Traders said, sustained foreign fund outflows however restricted rupee up move.

Mumbai: 

The rupee appreciated by 7 paise to 70.34 against US dollar in opening trade on Friday, driven by gains in domestic equities and weakening of greenback in overseas markets. The rupee opened strong at 70.38 at interbank forex market against previous close of

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Sovereign gold advanced by Rs 100 to Rs 25,300 per piece of eight grams.

Gold rose for fourth straight day on Thursday crossing Rs 33,000-mark at Rs 33,070 per 10 grams, gaining Rs 270 at bullion market, reported news agency Press Trust of India (PTI). The prices climbed on increased demand from local jewellers, reported agency quoting All India

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The airline has a market capitalisation of Rs 2,881 crore as of Friday's close.

Jet Airways, country's biggest full-service carrier, has been under dark clouds for most part of past year, and several efforts are on to save sinking airline. While intense pricing competition, weak rupee and rising fuel costs have hurt airlines like IndiGo owned by

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India Post or Department of Posts, which runs postal network of country, offers a number of saving schemes with different interest rates. It offers nine savings schemes and investment in some of them qualify for income tax benefits, said India Post. The schemes, which offer income tax deduction -- Time Deposit (TD), Senior Citizen Savings Scheme

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Tata Consultancy Services (TCS) is country's largest IT services exporter.

Tata Consultancy Services (TCS) on Thursday reported a record net profit of Rs 8,105 crore for October-December quarter. With that, country's largest IT company kicked off corporate earnings season. Net profit in quarter ended

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Industrial production growth stood at 0.5 per cent in November, government said on Friday, largely due to a contraction in manufacturing activity. That marked slowest rate of growth in industrial production recorded since June 2017. The industrial production or factory output, determined by Index of Industrial Production (IIP), also missed

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Union Budget 2019: The government has announced a slew of changes to income tax rules since 2014

Finance Minister Arun Jaitley has announced a slew of changes in income tax rules in Union Budgets from 2014 to 2018. With general election due by May this year, government will present an interim Budget on February 1. This year's Budget, last before

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In November, inflation was at 2.33 per cent.

Bengaluru: 

December retail inflation is expected to have eased to its lowest since June 2017 as food costs fell and fuel prices rose at a slower pace, a Reuters poll showed, giving central bank breathing space to keep policy on hold. Inflation likely cooled to 2.20 per cent in December - close to lower

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Infosys is country's second largest software exporter

Infosys on Friday reported a net profit of Rs 3,609 crore for October-December period. That marked a decrease of 12.2 per cent from Rs 4,110 crore in previous quarter, according to a regulatory filing by company.The net profit in quarter ended December 31

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GDP growth stood at 8.2% and 7.1% in first and second quarters of 2018-19 respectively

Finance Minister Arun Jaitley will present Budget in Parliament on February 1, 2019. This will be an Interim Budget, last before general election due by May, so it is final chance to sway public perception. From a widened fiscal deficit to shrinking Goods and

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Arun Jaitley announced a series of measures under Goods and Services Tax (GST) to boost small business.

Finance Minister Arun Jaitley on Thursday announced a series of measures under Goods and Services Tax (GST) to boost small businesses, while ruling out any more cuts under indirect tax system until

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The government on December 28 doubled export incentives for onion farmers to 10 per cent

New Delhi: 

The government has recently announced a series of measures to try to win over farmers, small business owners and less well-off, after ruling party suffered setbacks in state elections and with a general election due in months.

The measures are likely

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The government will present Interim Budget 2019 on February 1. Being last budget by government before general elections due by May, expectations are high for relaxation in income tax rules. At a time when government needs to balance growth with revenue collections, easing of income tax rules may be a challenging task, say experts. The finance

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Bimal Jalan was RBI's governor between 1997 to 2003.

New Delhi: 

The Reserve Bank of India is accountable to government and should make policies within framework set by government, according to a former central bank chief now heading a panel tasked with framing guidelines for transfer of RBI's surplus funds to government. Bimal Jalan, 77-year-old

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Thirty four out of 50 Nifty stocks closed in negative zone.

Falling for a second straight day, domestic stocks markets reversed early gains on Friday amid weakness in auto and energy stocks. The S-P BSE Sensex ended 96.66 points lower, or 0.27 per cent, at 36,009.84 while, NSE's benchmark index Nifty finished at 10,794.95, down 26.65 points or 0

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The Nifty rose as much as 28 points to touch 10,850 in early trade

Domestic stock markets started Friday's session on a higher note tracking gains in Asian peers. The Sensex jumped as much as 107 points in early trade to hit 36,214, while Nifty touched 10,850, up 28 points - or 0.3 per cent - from previous

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Top Nifty laggards were HPCL, IndusInd Bank and Grasim Industries

Domestic stock markets finished lower on Thursday, snapping four days of gains. The Sensex shed 106.41 points to end at 36,106.50, while Nifty settled at 10,821.60, down 33.55 points - or 0.3 per cent - from previous close. Weakness in

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Jet controls over a sixth of a market experiencing an unprecedented boom in air travel.

Crisis talks between cash-strapped Jet Airways and aircraft lessors have failed to ease a row over late payments, prompting some lessors to explore taking back aircraft, three people familiar with matter told Reuters.

In what one of people described as an

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Washington: 

US President Donald Trump on Thursday canceled a planned visit later this month to World Economic Forum in Davos, Switzerland, signaling he was prepared for political showdown over partial federal government shutdown to stretch into late January.

It was unclear whether shutdown, now in its 20th day, would end before start of global

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Arun Jaitley said small companies would have option to opt out of GST tax net.

New Delhi: 

The government announced a change in Goods and Services Tax (GST) rules on Thursday that would exempt an additional two million small businesses, in a move that could help garner support ahead of a general election that must be called by May.

"India will exempt

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IndiGo is offering domestic and international flight tickets starting Rs. 899 and Rs. 3,399, respectively

Amid high competition in country's civil aviation sector, airlines have come up with a host of discount offers to attract passengers and increase their customer base. IndiGo is offering domestic and international flight tickets starting from an

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Eleven state-owned banks will have to wait for about a month before knowing which of them will have lending curbs eased after a Reserve Bank of India (RBI) panel reviews their December quarter results, an official with direct knowledge of matter told Reuters on Thursday. The government of Prime Minister Narendra Modi has been pressuring central

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GoAir 2019 Offer: Bookings under discount scheme can be made till January 11, 2019.

GoAir is offering domestic flight tickets at a starting all-inclusive price of Rs. 999 in a sale offer, said airline on its official website, goair.in. Bookings under discount scheme can be made till January 11, 2019. GoAir's discount offer is valid for travel

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No refund will be granted on cancellation of confirmed Tatkal tickets, said IRCTC.

IRCTC or Indian Railway Catering and Tourism Corporation, which handles catering, tourism and online ticketing operations of Indian Railways, also offers option of ticket cancellation. After confirmation of cancellation, refund is credited back to account used for

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The rupee had depreciated by 78 paise in previous two sessions.

Mumbai: 

Snapping its two-session slide, rupee ticked higher by 5 paise to close at 70.41 per US dollar on Thursday on increased selling of greenback by exporters amid easing crude oil prices. Forex traders said American currency weakened after minutes of Federal Reserve's policy

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Jet Airways airline also owes money to pilots, lessors and vendors.

Cash-strapped Jet Airways proposed to creditors that it would catch up with debt payments in arrears by September and from April would meet debt payments as they come due, according to a document seen by Reuters. Jet met with lenders, lessors and vendors in India on Tuesday to

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