Business

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

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

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

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

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,

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

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

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

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

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

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

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,

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

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

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

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

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

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,

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

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

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,

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

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

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

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

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

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

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,

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

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