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Government will also seek an interim dividend from the RBI, said the economic affairs secretary.

NEW DELHI: Finance ministry is likely to seek approval from parliament for additional funding for state-run banks on Thursday, Economic Affairs Secretary Subhash Chandra Garg said. The proposal will be part of the overall supplementary demand for grants

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The company had said earlier this month that it would raise prices across various car models in January

Carmaker Maruti Suzuki India Ltd said on Wednesday it would struggle to meet its target of double-digit sales growth for the year. Indian automakers are grappling with high commodity prices and foreign exchange rates, amid weak monthly sales and

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The train, which starts from Delhi, covers all the important destinations associated with Buddha's life.

IRCTC (Indian Railway Catering and Tourism Corporation) if offering a 50 per cent discount on fare on Buddhist Circuit Tourist Train. "Now avail 50 per cent off on your companion's fare while you book your journey on Buddhist Circuit Tourist

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At the Interbank Foreign Exchange (forex), the rupee opened on a firm note at 70.05.

The rupee pared early gains but managed to end 5 paise higher at 70.39 against the US dollar Wednesday on increased selling of the greenback by exporters amid benign crude oil prices and smart gains in domestic equities. This is the third straight session of gains f

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GSK plans to have two businesses, one for prescription drugs and the other for over-the-counter products

London: 

GlaxoSmithKline plans to split into two businesses -- one for prescription drugs and vaccines, the other for over-the-counter products -- after forming a new joint venture with Pfizer's consumer health division.

The revamp is the boldest

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BSNL-Amazon Prime offer is not applicable for existing Amazon Prime members.

BSNL or Bharat Sanchar Nigam Limited is offering one-year of Amazon Prime subscription free of cost to its customers under select postpaid plans. State-run telecom service provider BSNL's offer is available on postpaid mobile plans of Rs 399 and above, and landline plans

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The interest rates on FDs vary according to the tenor of a fixed deposit.

Fixed deposit (FDs), also known as term deposits, are secure investment instruments offered by private and public sector banks, small finance banks (SFBs), non-banking financial companies (NBFCs) and post offices. The funds in these accounts are held for a fixed term, has a

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Boeing expects India to become the third-largest commercial aviation market by the early 2020s

New Delhi: 

Boeing Co raised its projection for aircraft orders from Indian carriers to a record high on Wednesday, predicting the nation's airlines would order up to 2,300 new planes worth $320 billion from global planemakers over the next 20 years.

The US

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Sovereign, however, continued to be traded at previous level of Rs 25,000 per piece of eight grams.

After falling for two straight sessions, gold prices rose by Rs 60 to Rs 32,060 per 10 grams at the bullion market on Tuesday reported news agency Press Trust of India (PTI). The metal tracked a firm trend overseas amid fresh buying by local

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The six-member committee unanimously decided to leave rates unchanged at the meeting two weeks ago.

Monetary policy committee sounded cautious on inflation and preferred to wait for more data to see for how long price pressure and growth momentum would remain soft, according to minutes of its December 5 meeting published on Wednesday. The

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Shares in SoftBank mobile unit fell by as much as 10% to a low of 1,344 yen.

Shares in Japanese telecoms giant SoftBank's mobile unit traded well below its IPO price on Wednesday in a disappointing debut on the Tokyo stock market despite raising a record amount. A spokesman for the firm confirmed it had raised around 2.65 trillion yen via the

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INR Vs USD: The rupee has declined by 97 paise against the dollar so far this month

The rupee advanced by as much as 71 paise against the dollar on Tuesday. Weakness in the dollar overseas, ahead of the outcome of the US central bank's policy review, along with falling crude oil prices boosted the rupee, say

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Earlier this month, GoAir commenced flight operations from Bengaluru to Phuket.

GoAir has announced return flight tickets starting at Rs 13,899 on select international routes in a limited-period offer. The airline is offering daily direct flights to Phuket from Delhi, Mumbai and Bengaluru at return fares from Rs 13,899, it said on microblogging

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All 12 PSU bank stocks gained over 1 per cent in trade.

Domestic stock markets extended their gains to a seventh straight session on Wednesday. The S-P BSE Sensex opened at 36,441.46 and the Nifty50 barometer of the National Stock Exchange (NSE) at 10,930.55. At 9:18 am, the 30-share Sensex traded at 36,481.41, up 134.33 points or 0.37 per

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Fund raising by small-and-medium-sized companies have doubled as against last year, Ajay Tyagi said.

MUMBAI: 

The chief of capital market regulator on Tuesday expressed concerns about the slow pace of initial public offerings (IPOs) hitting the market despite approval for filings worth around Rs 60,000 crore ($8.43 billion). However, Ajay Tyagi, the

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ONGC Videsh holds reserves of 711.362 million tonnes of oil and oil equivalent gas as on April 1, 2018.

Mumbai: 

The board of top explorer, Oil and Natural Gas Corp, will consider a proposal this week to list its overseas investment arm, ONGC Videsh, on domestic bourses, two sources privy to the matter said on Wednesday. The move to float the unit -

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In a fixed deposit account, money can be invested for a higher rate of interest than savings accounts.

Fixed deposits (FDs) are secure financial instruments offered by commercial banks, small finance banks, non-banking financial companies (NBFCs) and post offices, which fetch guaranteed returns. In a fixed deposit account, money can be invested for

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Vogo's fleet of two-wheelers will be added to the Ola app to broaden the range of vehicles Ola offers.

NEW DELHI: Ride-hailing firm Ola will invest $100 million in Vogo, a domestic scooter sharing start-up, and add the company's fleet of two-wheelers to the Ola app to broaden the range of vehicles it offers, the companies said in a joint statement

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J-J did not immediately specify how many manufacturing plants the company has in India.

Drug authorities visited some of Johnson - Johnson's facilities on Wednesday and took "tests and samples" of its talcum powder, the company said in a statement. The visits came as regulators launched an investigation into J-J's Baby Powder following

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Section 29A of the IBC was introduced via an ordinance in November 2017.

New Delhi: Finance Minister Arun Jaitley on Tuesday said changes in Section 29A of the Insolvency and Bankruptcy Code (IBC) may be required as the earlier amendment may have been "too wide" in relation to the definition of related parties. "Some people have represented to me

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Indians are buying gold for as little as one rupee (1 cent) as retailers offer online sales in bite-sized portions to prop up shrinking demand in the world's second-biggest consumer.

Demand for gold is falling, partly as a result of government measures, higher local prices and the metal's fading appeal among more youthful customers. That's forcing

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PM Modi said the government would reduce the number of items in the highest bracket to just luxury goods

New Delhi: 

The government will tax most goods at below 18 per cent in a further simplification of the Goods and Services Tax or GST, Prime Minister Narendra Modi said on Tuesday.

GST, the government's biggest tax reform, sets rates from 28 per

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Investment under five years fixed deposit qualifies for benefit under Section 80C of the Income-Tax Act

The Department of Posts, run by the government, offers nine saving schemes with interest rates ranging from 4 per cent to 8.4 per cent. Post office time deposit and post office recurring deposit are two of the saving schemes that offer between

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INR Vs USD: Rupee opened at 71.34 and appreciated further to quote 37 paise higher at 71.19.

MUMBAI: The rupee appreciated by 37 paise to 71.19 against the US dollar in early trade at the interbank foreign exchange Tuesday after crude prices fell to a 14-month low level in international market. The rise in the rupee was also supported by

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Wednesday marked the seventh consecutive session in which the Sensex and Nifty finished higher

Domestic stock markets finished Wednesday's session on a positive note as crude prices softened and the Reserve Bank of India (RBI) announced higher bond purchases going forward. Bombay Stock Exchange (BSE)

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A total of 3,196 cases of Goods and Services Tax (GST) evasion amounting to Rs 12,766 crore have come to light in the first eight months of the current financial year, the Ministry of Finance said on Tuesday. Also, more than Rs 7,900 crore has been recovered during April-November 2018.

"During the current financial year 2018-19 (between April 2018

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SBI net banking: The customer can use the ATM card issued by the bank to register for net banking

State Bank of India (SBI) provides a variety of services online through its internet banking portal, onlinesbi.com. From activating a newly-received ATM card from the bank to online registration using the ATM card, State Bank of India (SBI)'s internet b

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Gold prices slipped by Rs 210 to Rs 31,850 per 10 gram on Wednesday.

Bucking strong global cues, gold prices slipped by Rs 210 to Rs 31,850 per 10 grams on Wednesday amid poor local demand, reported news agency Press Trust of India. The slide in gold prices came due to easing demand from local jewellers and retailers in the domestic spot market,

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Analysts say easing of crude oil prices augurs well for the rupee

The rupee jumped by 112 paise against the dollar on Tuesday, marking its strongest single-day gain against the greenback in more than five years. The rupee also logged its highest closing level since November 30. A sharp fall in oil prices,

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The Reserve Bank of India (RBI) may be PM Modi's best hope of swaying voters.

Facing cash flow problems just months before a national election, Prime Minister Narendra Modi could have a savior in the country's new central bank chief. The economy's spending is exceeding its revenue, leaving the government looking for funds to help an ailing banking

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