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Business
Forty one out of 50 Nifty stocks were in the red.
Domestic stock markets halted their five-day rally on Tuesday amid weak global cues. The S-P BSE Sensex opened at 36,226.38 and the Nifty50 barometer of the National Stock Exchange (NSE) at 10,850.90. In the first few minutes of trade, the 30-share Sensex traded at 36,084.23, down 185.84 points
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Read more: Sensex Loses 185 Points, Nifty Below 10,850
Write comment (96 Comments)Google said the new campus would be the primary location for its global business organisation
Alphabet Inc's Google is investing over $1 billion to establish a new campus in New York, becoming the second major technology company after Amazon to pick America's financial capital to expand and create thousands of jobs. The 1.7 million square-foot
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Read more: Google To Invest $1 Billion To Set Up Campus In New York
Write comment (94 Comments)Allahabad Kumbh Mela 2019: Indian Railways to operate trains to ferry 5,000 Pravasi Bhartiyas.
The Indian Railways has proposed to run 800 special trains from various stations of Prayagraj district in order to facilitate the arrival of tourists for Prayagraj Kumbh Mela 2019, a religious fair that will be held from January 15, 2019 to March 4, 2019,
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Read more: Prayagraj Kumbh Mela: Indian Railways Proposes To Run 800 Special Trains
Write comment (94 Comments)Airtel, Vodafone Rs 199 prepaid plan: The change marks an increase of 100 MB data per day.
Bharti Airtel and Vodafone have revised their prepaid plans priced at Rs 199 by adding more data benefits for the prepaid subscriber. Under the Rs 199 prepaid plan, both the telecom companies are now offering 42 GBs of data for a period of 28 days, according
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Read more: Airtel, Vodafone Revise 199-Rupee Plans To Offer Additional Data
Write comment (97 Comments)All leading commercial and small finance banks offer the option of opening a fixed deposit account.
Money lying idle in a bank account earns nominal interest. Financial experts advise investors to part their wealth in schemes that offer better returns. People looking for higher returns than a savings bank account can invest in stock and debt
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Read more: These Investment Schemes Guarantee Fixed Returns
Write comment (97 Comments)Normalisation of Brent Crude oil to around $60 was another key theme of the week.
MUMBAI: Expectation of lower interest rates with further liquidity infusion by the Reserve Bank of India (RBI) under its new chief, along with healthy macro-economic data points, drove the key equity indices forward. The domestic equity market opened on a dismal note,
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Read more: Market Review: Macroeconomic Data, Hopes Of Low Rates Fuel Indices
Write comment (99 Comments)During second quarter of the fiscal, Central government issued dated securities worth Rs 1.44 lakh crore
Total liabilities of the government increased to Rs 82 lakh crore at end-September from Rs 79.8 lakh crore at end-June this year, latest data on public debt showed on Monday.
Public debt accounted for 89.3 per cent of total outstanding
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Read more: Government Liabilities Rise By Rs 2.2 Lakh Crore In July-September
Write comment (95 Comments)Thirty-four out of 50 Nifty stocks finished higher.
Domestic stock markets finished on a firm footing on Monday, extending their gains to the fifth consecutive session. The S-P BSE Sensex closed 307.14 points or 0.85 per cent higher at 36,270.07, while the broader NSE Nifty settled at 10,888.35, up 82.90 points or 0.77 per cent. Advances were
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Read more: Sensex Closes 307 Points Higher, Nifty Settles At 10,888
Write comment (93 Comments)AMB is the minimum average of deposits required by the bank customers in their savings bank accounts
State Bank of India (SBI) offers the option of opening a zero balance savings account in order to encourage people to make investments. Zero balance accounts are saving accounts where average monthly balance (AMB) rule is not applicable. Average
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Read more: SBI Offers These Types Of Zero Balance Savings Accounts
Write comment (92 Comments)The sale comprises of seven operating road projects.
Infrastructure Leasing and Financial Services Ltd (IL-FS) said on Monday it had begun the sale of its domestic road assets within its IL-FS Transportation Networks Ltd (ITNL) subsidiary. IL-FS, which is looking to sell assets to pay off debts, plans to sell its stake in the
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Read more: IL FS To Sell Road Assets Held By Subsidiary
Write comment (97 Comments)S-P views as credit negative the circumstances leading to resignation of Urjit Patel, analysts said.
The increasing involvement of the government in the affairs of the country's central bank is a negative for the ratings of giant Asian economy's banking system, S-P Global said on Monday. "S-P Global Ratings views as credit
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Read more: Centre's Pressure On RBI May Hurt India's Financial Stability: S P Global
Write comment (91 Comments)Currently, India's debt-to-GDP ratio is around 70 per cent.
The government will focus more on debt management compared to its current focus on fiscal deficit for the next few years, as there is a "huge overhang of public debt", Economic Affairs Secretary Subhash Chandra Garg said on Saturday. Speaking at the Annual General Meeting of the
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Read more: Government To Focus On Public Debt Management: Economic Affairs Secretary
Write comment (99 Comments)Centre has held off until end-January 2019 raising tariffs on select goods from the United States, deferring for the fourth time retaliatory action against higher import tariffs imposed by the US on steel and aluminium, the government said on Monday.
Angered by Washington's refusal to exempt it from higher steel and aluminium tariffs,
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Read more: Centre Holds Off Raising Import Tariffs On US Goods
Write comment (94 Comments)INR Vs USD: Rupee opened higher at 71.84 and rose further to quote at 71.74.
MUMBAI: The rupee appreciated by 16 paise to 71.74 against the US dollar in early trade Monday at the interbank foreign exchange, amid weakness in the greenback against some currencies overseas and a higher opening of domestic equities. Forex traders said, increased
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Read more: Rupee Gains 16 Paise Against Dollar Amid Sustained Foreign Fund Inflows
Write comment (92 Comments)However, sovereign gold stood steady at Rs 25,000 per 8 grams.
Gold prices on Saturday declined by Rs 30 to Rs 32,190 per 10 grams at the bullion market in the national capital on weak demand from local jewellers, reported news agency Press Trust of India (PTI). However, sovereign gold stood steady at Rs 25,000 per 8 grams. Similarly, silver rates
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Read more: Gold Prices Fall On Low Demand From Jewellers: 5 Things To Know
Write comment (97 Comments)India Post, under the Department of Posts, has a network of more than 1.5 post offices across the country
India Post has launched an e-commerce portal with an aim to provide an online marketplace to small artisans. India Post - which operates a network of more than 1.5 lakh post office in the country - will ship the products purchased through its
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Read more: India Post Now Has An E-Commerce Portal: 5 Things To Know
Write comment (97 Comments)The Sensex opened 166.2 points higher at 36,129.13 on Monday, and the Nifty at 10,853.20
Domestic stock markets started the week on a firm note on Monday despite weak global cues. The S-P BSE Sensex opened at 36,129.13, up 166.2 points from the previous close - and the Nifty50 barometer of the National Stock Exchange up 47.75 points at
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Read more: Sensex Gains Over 250 Points, Nifty Above 10,850
Write comment (92 Comments)Recurring deposit (RD) interest rates, once determined, do not change during the tenure.
Recurring Deposit (RD) is one of the secure investment instrument offered by banks, small finance banks and post offices. Unlike a fixed deposit (FD) account, in which a lump-sum amount is locked in for a defined period against a fixed return, a recurring
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Read more: Recurring Deposit (RD) Interest Rates: Here's What SBI, Post Office Pay
Write comment (93 Comments)Founded in 2011 in Bengaluru, Byju's has been running its 'Byju's Learning App' since 2015
Online tutoring platform Byju's has raised $540 million (Rs 3,865.5-crore) venture funds from Naspers and Canada Pension Plan Investment Board (CPPIB), the company said on Monday. "The new round of funding will drive Byju's to further innovate,
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Read more: Bengaluru-Based Byju's Raises $540 Million From Venture Funds
Write comment (90 Comments)Institutions such as small finance banks and post offices also offer the facility of recurring deposit.
Recurring Deposit or RD is a kind of term deposit under which one needs to deposit a fixed amount at fixed interval, which generates interest income. On maturity, the depositor is paid a lump-sum amount which includes the periodic investments and
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Read more: Recurring Deposit Interest Rates: Here's What Top Lenders Pay
Write comment (99 Comments)One can deposit a lump sum amount of money in fixed deposits from seven days to 10 years.
A fixed deposit (FDs) is a secure financial instrument offered by banks, which fetch guaranteed returns. In a fixed deposit account, money can be invested for a higher rate of interest than savings accounts. One can deposit a lump sum of money in fixed deposits
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Read more: Fixed Deposit Interest Rates: Returns Offered By Top Lenders Banks Here
Write comment (98 Comments)The rupee appreciated by 34 paise to close at 71.56 against the dollar on Monday. The gain of around 0.5 per cent in the currency came amid strong gains in domestic equity markets, after release of positive trade data by the goverment. Weakness in the dollar against major peers overseas also boosted the currency, say analysts. The rupee opened at 7
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Read more: Rupee Moves Higher To End At 71.56 Against Dollar
Write comment (100 Comments)AMB is the minimum average of deposits required by the bank customers in their regular savings account.
Regular savings bank accounts require customers to maintain a certain average monthly balance (AMB) every month. AMB is the minimum average of deposits required by the bank customers in their regular savings bank accounts. Leading banks such as St
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Read more: Minimum Balance Rules Of Top Banks Explained Here
Write comment (99 Comments)For online bookings, IRCTC offers several payment options which can be used as per user's convenience.
IRCTC (Indian Railway Catering and Tourism Corporation), the e-ticketing arm of Indian Railways, offers the facility of booking tickets from the comfort of home. Advance bookings can be generally done up to 120 days in advance for all classes and
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Read more: IRCTC Ticket Reservation: All You Need To Know About Online Payment
Write comment (98 Comments)The entity will be Europe's second-largest steelmaker after ArcelorMittal.
Germany's Thyssenkrupp and India's Tata Steel on Monday named the top management of their planned European joint venture, ending months of uncertainty over who will join the entity's leadership. Andreas Goss, the head of Thyssenkrupp's steel division, will become
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Read more: Thyssenkrupp's Andreas Goss To Head Joint Venture With Tata Steel
Write comment (92 Comments)The maturity period of Post Office MIS account is 5 years.
India Post, the postal system of the country offers several saving schemes with different rates of interest besides postal services. One such savings scheme offered by India Post is monthly income scheme (MIS). The post office MIS account offers an interest rate of 7.3 per cent per annum,
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Read more: Post Office Monthly Income Scheme Account: Interest Rate, Other Details
Write comment (95 Comments)GoAir is offering flight tickets at a starting all-inclusive price of Rs. 999.
Amid high competition in the country's civil aviation sector, airlines have come up with new routes and also announced a host of discount offers on domestic and international flight tickets. GoAir is offering flight tickets at a starting all-inclusive price of Rs. 999
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Read more: GoAir, IndiGo, SpiceJet Offer Discount On Flight Tickets. Details Here
Write comment (99 Comments)ESAF Small Finance Bank offers 8.75% interest on a fixed deposit of 365-727 days.
Small finance banks (SFBs) are focused on financial inclusion by provision of savings vehicles and supply of credit to small business units, small farmers, micro and small industries, and other unorganised sector entities. Small finance banks aim to run
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Read more: These Banks Offer Up To 9.5% Returns On Deposits Below 1 Crore Rupees
Write comment (100 Comments)Developments surrounding the winter session of Parliament will have a bearing on the market.
MUMBAI: Global cues like the US interest-rate decision as well as developments surrounding international trade tensions are expected to determine the trajectory of major domestic equity indices, experts said. "It is expected that the market would continue
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Read more: Market Outlook: US Interest Rate Decision To Guide Markets This Week
Write comment (98 Comments)A POSB customer can access the internet banking facility at ebanking.indiapost.gov.in.
India Post, under the Department of Posts (DOP), on Friday launched internet banking services for all the post office savings bank (POSB) account holders, mentioned state-run postal system on its official Twitter handle. Under this new facility, customers will be
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Read more: India Post Internet Banking Facility: How To Register And Other Details
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