Business

The cost of petrol increased by 11 paise in Mumbai from Wednesday's level.

Petrol prices climbed marginally on Thursday across three of the four metro cities in the country after declining for nearly two months. In Delhi, petrol was sold at Rs 70.29 per litre on Thursday, up from Rs 70.20 recorded on Wednesday, according to Indian Oil Corporation

Details
Category: Business

Write comment (99 Comments)

Shaktikanta Das (RBI Governor) is known for his preference towards pro-growth policies

Mumbai: 

Shaktikanta Das, the newly-appointed governor of the Reserve Bank of India (RBI), said on Wednesday that he would adopt a consultative approach and move quickly to meet the chiefs of state-run banks to tackle issues facing the banking sector. "I propose

Details
Category: Business

Write comment (99 Comments)

INR Vs USD: On Tuesday, the rupee had plunged 53 paise to 71.85 per dollar.

The rupee declined by 16 paise to close at 72.01 against the dollar on Wednesday amid strengthening of the greenback and rising crude oil prices even as the equity markets staged a sharp upmove. At the Interbank Foreign Exchange (forex) market, the local unit opened lower

Details
Category: Business

Write comment (98 Comments)

Gold prices today fell by Rs 320 to close at Rs 32,220 per 10 gram at the bullion market in New Delhi.

Gold prices fell today amid a slowdown in local demand and weak global cues, reported news agency Press Trust of India (PTI). Poor demand from local jewellers and weak global cues exerted pressure on the yellow metal, traders were quoted as saying

Details
Category: Business

Write comment (94 Comments)

INR Vs USD: Rupee was at 71.70 to the dollar, compared with last closing of 72.01.

MUMBAI: Bonds rose on Thursday after inflation eased sharply in November, bolstering expectations of a rate cut sooner than expected, while the rupee also strengthened as global trade tensions eased.

The 10-year benchmark bond yield fell to 7.38 per cent in early

Details
Category: Business

Write comment (96 Comments)

The booking period of IndiGo's offer ends on December 16, 2018.

IndiGo on Wednesday announced four-day New Year sale across its international network covering over 90 routes. As part of this winter special sale, IndiGo is offering international flight tickets at a starting all-inclusive price of Rs 3,299, said the low cost carrier in a press

Details
Category: Business

Write comment (96 Comments)

Seventeen out of 30 Sensex stocks finished the session higher.

Domestic stock markets continued to rise for the third session in a row on Thursday. Strong macroeconomic data along with a boost in financial stocks on new RBI Governor Shaktikanta Das' move to open up a dialogue with lenders pushed the

Details
Category: Business

Write comment (98 Comments)

The government on Tuesday appointed Shaktikanta Das as new RBI Governor.

Mumbai: Reflecting foreign investor concern at the circumstances in which previous RBI Governor Urjit Patel quit office, Fitch Ratings on Wednesday said the resignation highlights the risks to the central bank's policy priorities and that its sovereign rating assessment could

Details
Category: Business

Write comment (92 Comments)

Shaktikanta Das succeeds former RBI boss Urjit Patel.

Shaktikanta Das, who took charge today as the 25th Reserve Bank of India (RBI) Governor, said that he will uphold values and autonomy of the central bank. "I would not like to go into what the issues between the government and the RBI are but every institution has to maintain its autonomy and

Details
Category: Business

Write comment (97 Comments)

Flight ticket fares under Vistara's festive sale are inclusive of taxes and fees.

Vistara has extended its festive sale offer, in which it is offering flight tickets from an all-inclusive fare of Rs 999. Customers can book flight tickets under the latest Vistara sale until the midnight of December, 13, 2018, the airline said. Earlier, this sale was

Details
Category: Business

Write comment (96 Comments)

Stock Market Today: Forty four Nifty50 stocks traded with gains.

Domestic stock markets jumped on Thursday, a day after retail inflation for November cooled off to a near one-and-a-half year low. The S-P BSE Sensex rose as much as 268.92 points to cross the 36,000 mark, while the the Nifty50 barometer of the National Stock Exchange climbed

Details
Category: Business

Write comment (91 Comments)

Vistara 24-hour festive sale: Lowest fare of Rs 999 is one-way economy fare from Bagdogra to Guwahati.

Vistara has announced flight tickets from Rs 999 in a limited-period sale. The festive sale is open for a period of 24 hours and applicable to one-way fares across all three booking classes, according to the airline's website, airvistara.com.

Details
Category: Business

Write comment (91 Comments)

Jana Small Finance Bank's FD and RD interest rates will come into effect from Friday.

Jana Small Finance Bank, a small finance bank, on Thursday announced an increase in its interest rates on term deposits (fixed deposits and recurring deposits). The new interest rates will come into effect from Friday, Jana Small Finance Bank said in a statement.

Details
Category: Business

Write comment (94 Comments)

Sebi was in talks with industry to allay fears of contagion effect on mutual funds.

Mutual funds can separate distressed and illiquid assets in their portfolios to deal with any potential credit crisis, the market regulator said on Wednesday.

The Securities and Exchange Board of India (SEBI) was in talks with the industry to allay fears of contagion

Details
Category: Business

Write comment (92 Comments)

Top gainers on the 50-scrip Nifty index included Hero MotoCorp, Yes Bank and Indiabulls Housing Finance

Domestic stock markets registered strong gains on Wednesday, supported by advances in banking, auto and metal stocks. The strength in the equity markets came a day after the government moved quickly to

Details
Category: Business

Write comment (91 Comments)

Yes Bank Ltd said it was on track to find a new chief executive officer within the central bank's February 1 deadline, but the lender's shares fell sharply as the market was expecting some clarity at its board meeting on Thursday.

The bank now plans to submit the final recommendation for the CEO post to the Reserve Bank of India (RBI) after the

Details
Category: Business

Write comment (98 Comments)

New Delhi: Retail inflation rate dropped in November, which should increase the chances of the new central bank governor keeping interest rates on hold at his first policy meeting, but falling food prices could hurt a ruling party facing a revolt over low farm incomes.

The inflation rate, which includes food and energy prices, fell to 2.33 per cent

Details
Category: Business

Write comment (93 Comments)

The benchmark 10-year bond yield fell as much as 8 basis points to 7.45 per cent.

MUMBAI: Bonds rallied on Wednesday following the appointment of Shaktikanta Das as the new Reserve Bank of India governor, but the rupee weakened slightly on the back of sharp gains in global crude oil prices.

The benchmark 10-year bond yield fell as much as 8 basis

Details
Category: Business

Write comment (99 Comments)

SBI, HDFC Bank and ICICI Bank offer the option of opening a BSBD account.

Most leading lenders of the country offer 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 monthly balance (AMB)

Details
Category: Business

Write comment (94 Comments)

Wednesday's data supported RBI's decision to hold interest rates in its policy statement.

Retail inflation rate fell to 2.33 per cent in November, government data showed on Wednesday, due to weaker food inflation. Analysts polled by Reuters had forecast November's annual increase in the consumer price index at 2.8 per cent, compared with October's

Details
Category: Business

Write comment (91 Comments)

Shaktikanta Das' tweets give a glimpse of his views on key economic themes.

The new central bank governor Shaktikanta Das is an active user of Twitter, a sharp contrast to the outgoing chief Urjit Patel who was publicity shy and rarely gave interviews.

For a glimpse of his views on key economic themes, here's a selection of tweets from Das in the

Details
Category: Business

Write comment (94 Comments)

BSNL said that a pay scale of Rs 24,900-50,500 will be applicable for the positions.

BSNL or Bharat Sanchar Nigam Limited has announced 300 vacancies for the positions of management trainees (MT) telecom operations. Half of the posts will be filled up from open market (external candidates), state-run BSNL said in a notification on its website. The

Details
Category: Business

Write comment (94 Comments)

Sovereign gold held steady at Rs 25,000 per piece of 8 gram.

Snapping a three-day gaining streak, gold prices on Wednesday fell by Rs 110 to close at Rs 32,540 per 10 gram at the bullion market in the national capital, reported Press Trust of India (PTI). The fall in prices was mainly due to weaker demand from local jewellers and negative global

Details
Category: Business

Write comment (97 Comments)

Stock Market Today: Forty three out of 50 Nifty stocks traded with gains.

Domestic equity markets rallied in morning trade today after the appointment of a new central bank governor. At 10:50 am, the S-P BSE Sensex traded at 35,498.67, up 348.66 points or 0.99 per cent and the Nifty50 barometer of the

Details
Category: Business

Write comment (95 Comments)

INR VS USD: Foreign fund outflows, rising crude prices capped uptrend in rupee.

The rupee gained 42 paise to 71.59 against the US dollar in early trade today after the new central bank chief indicated co-operating with the government and various banks in tackling economic issues, reported news agency Press

Details
Category: Business

Write comment (91 Comments)

North East Small Finance Bank offers 8.5% interest on fixed deposits for a tenure of 1-less than 2 years.

Small finance banks (SFBs) offer high interest rates on savings, fixed deposit and recurring deposit accounts. Small finance banks, which cater to a niche customer base, offer higher interest rates than mainstream peers. For instance, State

Details
Category: Business

Write comment (98 Comments)

Air India has earned a revenue of about Rs 107 crore from rental and maintenance charges.

Mumbai: Debt-ridden national carrier Air India has called for bids to sell the iconic 23-storey -- Air India Building -- located at Nariman Point in Mumbai.

According to a tender document on the airline's website dated December 7, bids have been invited by

Details
Category: Business

Write comment (96 Comments)

"We always like to see a central bank that is independent," Mr Sifon-Arevalo said.

LONDON: India's rapid economic growth will be enough to offset worries about the independence of its central bank and keep its credit rating in the coveted investment grade bracket, S-P Global said on Wednesday. The country's BBB- rating puts it on the bottom

Details
Category: Business

Write comment (97 Comments)

Consumer inflation eased to 2.33 per cent in November, provisional data from the government showed on Wednesday. That marked the lowest level of consumer inflation recorded since June last year, when it stood at 1.46 per cent. Determined by Consumer Price Index (CPI), the rate of increase in prices was better than economists' estimates. Retail i

Details
Category: Business

Write comment (96 Comments)

The minimum amount for opening of a savings account with Post office is Rs 20.

The Department of Posts or India Post provides a variety of services besides delivering mails. It offers the option of opening a regular savings account across its network of over 1.55 lakh post offices. Post office savings account interest rate is 4 per cent per annum,

Details
Category: Business

Write comment (98 Comments)