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The growth rate of eight infrastructure sectors had stood at 6.9% in November 2017

New Delhi: 

Output in eight core industries grew at at 3.5 per cent in November, its slowest pace in 16 months, due to a fall in crude oil and fertiliser production, official data showed on Monday.

The lowest expansion in output growth of these key industries was last

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Crude oil price: International benchmark Brent fell nearly 20% in 2018 following two years of growth

Singapore: 

Crude oil prices rose about 2 per cent on the final trading day of the year on Monday, mirroring gains in stock markets, but were on track for the first annual decline in three years amid lingering concerns of a persistent supply glut.

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Most banks in the country offer the facility of IMPS for making an online money transfer.

Immediate Payment Service (IMPS), an instant interbank electronic fund transfer facility, allows the customer to transfer funds on a 24x7 basis and 365 days of the year. The maximum amount that can be transferred via IMPS is Rs 2 lakh. This facility is

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Arun Jaitley said government has best track record of keeping fiscal deficit under check

New Delhi: 

Finance Minister Arun Jaitley on Monday said government was not seeking Reserve Bank of India reserves to meet fiscal deficit target but to utilise it for accelerating poverty alleviation programmes and recapitalising state-owned banks. Replying to a

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Aggressive investors can invest in equities, suggest financial experts.

New Year is considered as a time to start afresh. People often make financial resolutions on the eve of New Year to make their coming year better. For people looking to make money in 2019, there are several investment avenues available in the market. Aggressive investors can

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Sovereign gold held steady at Rs 25,200 per piece of eight gram.

Gold prices on Saturday strengthened by Rs 20 to Rs 32,640 per 10 gram at the bullion market in the national capital amid firm trend overseas. Silver, however, lost Rs 25 to Rs 39,225 per kg on low demand from industrial units and coin makers. 

In Delhi, gold of 99.9 per cent and 99.5

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Sovereign gold on Monday held steady at Rs 25,200 per piece of 8 grams.

Gold gave a return of over 6 per cent in year gone by. Ending last session of 2018 on a weaker note, gold prices on Monday plunged by Rs 370 to Rs 32,270 per 10 grams at bullion market, reported news agency Press Trust of India. Monday's decline came due to a considerable fall

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Customers having a regular savings account in Yes Bank branches need to maintain an AMB of Rs 10,000.

Most of the leading banks in the country charge customers for non-maintenance of monthly average balance (MAB) in their savings accounts. Monthly Average Balance (MAB) is the sum of all the end of day (EOD) closing balance divided by the number of

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Some fixed deposits also offer the benefit of income tax deduction.

Bank fixed deposits (FDs) are fixed-income instruments with a guaranteed rate of return on investments. Investing in a fixed deposit is secure because the returns are fixed across predetermined, specific periods of time. Some fixed deposits also offer the benefit of income tax

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IRCTC (Indian Railway Catering and Tourism Corporation) Tourism is offering a tour package of  six nights and seven days to Chennai, Tirupati, Trivandrum, Kanyakumari, Rameshwaram and Madurai. The package is named "South India Divine Tour Package Ex Delhi" and will cover significant temples such as Padmanabhaswamy Temple, Vivekanananda Rock

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This year, the spotlight was on the dominant residential segment.

Though the fledgling real estate sector facing a slowdown due to the weak residential segment showed signs of recovery this year with affordable and mid-segment housing driving sales amidst largely stagnant prices, the liquidity crisis gripping NBFCs, a major source of funding for

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The decline in petrol, diesel prices come amid the recent fall in global crude oil prices.

Petrol prices fell on Saturday to touch a new 2018 low across the four metros. The rates were decreased by up to thirty one paise per litre in Delhi, Mumbai, Kolkata and Chennai, according to state-run Indian Oil Corporation's website, iocl.com. Currently,

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The decline in domestic fuel prices comes amid recent fall in global crude oil prices.

New Delhi: Petrol prices on Monday declined to their lowest levels of 2018 across four metro cities, with fuel being sold at Rs 68.84 per litre in national capital.

On Sunday it was priced at Rs 69.04 in Delhi, according to Indian Oil Corp's website.

In Kolkata,

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In Kolkata and Mumbai , rates of petrol fell to Rs 71.15 and Rs. 74.67 respectively.

Petrol prices on Sunday were reduced by 22 paise per litre to its lowest level in 2018 across the four metros. Diesel rates were cut by 23 paise to a nine-month low. Diesel rates are at their lowest since March-end. In all,

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The 9.7 km long Lajpat Nagar-Mayur Vihar Pocket 1 corridor is part of the 59-km-long pink line.

Delhi Metro's Lajpat Nagar-Mayur Vihar Pocket 1 section of pink line is all set to open for public commutation from December 31, the Delhi Metro Rail Corp (DMRC) was quoted as saying in news agency IANS (Indo-Asian News Service) report. The stretch,

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Domestic stock markets finished last session of calendar year 2018 on a flat note after a choppy session. Sharp advances in metal stocks were marred by weakness in energy, infrastructure and realty sectors. BSE benchmark Sensex closed 8 points lower at 36,068 on Monday, while NSE Nifty ended at 10,862, up 2 points from previous close. 

Top gainers

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In mid-May, the price of petrol in Mumbai breached the Rs 86-a-litre mark.

New Delhi: 

For the oil and gas sector, the year was defined by what occurred outside with crude oil prices rising steadily to cross $86 a barrel owing to oil producers starting output cuts from January, before a sharp correction in the third quarter brought it down to below

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RBI also said that it is addressing the concerns of NBFCs over acute liquidity crunch.

Mumbai: 

Non-performing assets (NPAs or bad loans) weighed down the balance sheets of banks necessitating large provisioning, which adversely affected their profitability, especially of state-run banks during 2018, the Reserve Bank of India (RBI) said on Friday.

In

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SBI Magstripe Debit Card: SBI has said that conversion process "comes with no charges"

Today is last day for State Bank of India (SBI) customers to apply for a free replacement of bank's "Magstripe" or magnetic stripe card to avail a new EVM (Europay, Mastercard, and Visa) chip-based card. SBI had earlier announced a free-of-cost replacement of

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SBI Zero Balance account: Maximum of 4 withdrawals in a month is allowed in a BSBD account, said SBI.

State Bank of India (SBI) offers the facility of opening zero balance account, where average monthly balance (AMB) rule is not applicable. Average monthly balance (AMB) is the minimum average of deposits required by the bank customers in their

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In SBI's Flexi Deposit Scheme premature withdrawal is allowed.

SBI or State Bank of India, the country's largest lender, offers the option of opening a flexi deposit account under its personal banking portfolio. SBI's flexi deposit scheme is similar to recurring deposit (RD). However, in case of a flexi

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Gold - Silver Rate: The yellow metal was on track to log its best month since January 2017

Bengaluru: 

Gold prices fell on Monday as equities gained on likely progress in China-US trade standoff, amid bullion prices heading for their first annual decline since 2015, losing to the dollar mostly on trade worries and rising interest rates.

However,

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On technical charts, the short-term trend of the NSE Nifty50 remains positive.

Mumbai: 

Macro-economic data points, coupled with rupee's performance against the US dollar will influence domestic equity market's trajectory during the upcoming week.

Market observers feel that global crude oil prices and third quarter (Q3) earning results would also

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Arun Jaitley said that minor and major penalties have been imposed against erring officials.

New Delhi: 

The government on Friday said action has been taken against more than 6,000 officers of nationalised banks last fiscal in cases of lapses that led to bad loans. In a written reply, Finance Minister Arun Jaitley said that minor and major penalties

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Weakness in the dollar overseas along with gains in domestic equity markets supported the rupee

The rupee rose by as much as 20 paise against the dollar in early trade on Monday, rising further from the 70 mark. Weakness in the dollar overseas along with advances in the domestic equity markets on the back of

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Rangarajan said that growth was the solution to many of the socio-economic problems in the country.

Vellore: 

Former RBI Governor and former Andhra Pradesh Governor C Rangarajan on Saturday said raising the investment ratio, putting the banking system back on its rails, employment generation through growth and removing the agrarian distress are five

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IDBI Bank said on Friday that it has allotted shares worth Rs 14,500 crore to Life Insurance Corporation. The move was part of the ongoing acquisition of a controlling stake in the bank by the insurance company. About 238.8 crore shares at a price of Rs 60.73 apiece were allotted to LIC through a preferential issue on Friday, according to a

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The Sensex today is set to finish calendar year 2018 with a return of at least 5.9%

Domestic stock markets started Monday's session on a choppy note with the benchmark indices reversing gains by afternoon, despite advances in Asian peers on easing of concerns about US-China trade talks. Bombay Stock Exchange (BSE) benchmark index Sensex rose as

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Mumbai: 

The Central government has decided to infuse Rs 10,086 crore into Bank of India.

The bank informed the BSE in a regulatory filing on Saturday that the capital infusion in its equity will be done by way of preferential allotment.

According to the filing, the bank's board will consider "by way of circular resolution on or after January 2, 2019

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Rupee moved in a range of 70.12 to 69.89, before finally ending at 69.95.

The rupee jumped 40 paise Friday to finish at an over one-week high of 69.95 against the US currency on strong dollar buying by banks and exporters amid the greenback's weakness overseas. Domestic stock markets extending gains for the third session also supported the local

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