Business

Edelweiss is setting up 20-member team to buy, recover soured consumer credit, Mr Bansal said.

A massive pile of bad business debt has kept asset-reconstruction companies busy in recent years. But as signs emerge that the supply of such assets may be levelling off, the nation's largest buyer of bad loans is considering a rare move to start

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The new PAN card rules will come into effect from December 5, 2018.

The Income Tax Department recently changed the PAN (permanent account number) card rules in order to prevent tax evasion. The new rules will come into effect from December 5, 2018. PAN, an unique 10-digit alphanumeric identity allotted to every taxpayer by the income tax (I-T)

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The economy is on track to maintain a high growth rate in the current global environment.

The government on Friday attributed the slowdown in India's GDP growth rate during the second quarter of 2018-19 to a higher base effect, higher import bill on account of oil prices and weakening of the rupee.

It said that the economy is on track to maintain a

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Foreign demand expanded at its quickest pace in nearly four years, shows Nikkei survey.

Factory activity in November expanded at the fastest pace this year, buoyed by a rise in domestic and foreign demand that allowed firms to raise prices, a private survey showed. Monday's survey bolsters views that business activity in Asia's third-largest

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The cess collected in October was Rs 8,000 crore.

New Delhi: 

After breaching the Rs 1-lakh crore-mark in October, revenue collection under the Goods and Services Tax (GST) slided to Rs 97,637 crore in November. The revenue collected in November relates to transactions made in October. The total GST revenue collected in October (for September) was

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Unlike stocks and bonds, bank fixed deposits guarantee a stable return on investments.

Bank fixed deposits (FDs) are fixed-income instruments which assure of specific interest rates for a pre-determined period. The annual returns on bank fixed deposits do not change according to geopolitical and macroeconomic uncertainties. Thus, unlike stocks and

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Abhishek Gupta, Bloomberg Economics, expects RBI to revert to neutral stance from calibrated tightening.

The economy grew at a much slower pace than economists expected last quarter, giving the central bank more reason to keep interest rates unchanged this week. After breaking through the 8 per cent mark in the quarter through June, growth eased to

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Banks charge an amount for the issuance and annual maintenance of ATM cards.

Top banks in the country offer ATM-cum-debit cards but levy certain usage charges. From State Bank of India (SBI), the country's largest lender, to private sector peers like HDFC Bank, ICICI Bank and Axis Bank - lenders offer a fixed number of ATM transactions free of cost

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Farm output grew 3.8% year-on-year in the September quarter compared with 5.3% the previous quarter.

Economic growth moderated to 7.1 per cent in the July-September quarter, dragged down by slower consumer spending and farm growth, weakening as Prime Minister Narendra Modi's government turns its attention to an election due by May.

Growth is still

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The jet fuel rate reached a five-year high in November.

Indian Oil Corp., the country's biggest fuel retailer, cut jet fuel prices for domestic and international carriers.

The price in Delhi for domestic airlines was cut to Rs 68,050.97 a kiloliter on December 1, an 11 per cent reduction from a month earlier, according to a statement by the

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Chennai: 

The United Forum of Bank Union (UFBU) - a consortium of nine unions in the banking sector - will strike work on December 26 opposing the merger of Bank of Baroda, Dena Bank and Vijaya Bank, the All India Bank Employees Association (AIBEA) said on Saturday.

The AIBEA is one of the constituents of the UFBU.

In a statement, the AIBEA said the

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The commodity markets can open at 9 a.m. instead of 10 a.m. now, Sebi said.

The Securities and Exchange Board of India (SEBI) allowed exchanges to start commodity trading an hour earlier to increase participation of different stakeholders, the market regulator said in a statement on Friday.

The commodity markets can open at 9 a.m. local time (0330

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Forty three out of 50 Nifty stocks traded with gains.

The domestic stock markets opened in the green on Monday on positive global cues. The S-P BSE Sensex started at 36,396.69 and the Nifty50 barometer of the National Stock Exchange (NSE) opened at 10,930.70. In the first few minutes of trade, the 30-share Sensex traded at 36,387.74, up 193.44

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Sovereign gold, however, held steady at Rs 24,700 per piece of 8 grams.

Falling for the fourth straight day, gold prices on Saturday dipped by Rs 15 to Rs 31,460 per 10 grams due to lacklustre demand amid weak global cues, reported news agency Press Trust Of India (PTI). Silver prices too declined by Rs 515 to Rs 36,560 per kg on weak demand from

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Manufacturing growth at 7.4%, agriculture growth at 3.8% were "steady", said Subhash Chandra Garg.

NEW DELHI: Economic growth in the July-to-September quarter "seems disappointing," Economic Affairs Secretary Subhash Chandra Garg said in a tweet on Friday.

Earlier, government data showed that Asia's third-largest economy grew a lower-than-expected

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PNB revised their FD interest rates on select maturities with effect from November 1.

Bank fixed deposits (FDs) are one of the most popular fixed income instruments. Investing in a fixed deposit is secure because the returns on FD are fixed across predetermined, specific periods of time. Fixed deposit interest rates vary according to the tenor of a

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The new route by the carrier comes amid high competition in the country's civil aviation market.

Jet Airways launched its first daily direct flight between Pune and Singapore from December 1, 2018, said the airline in a press release. The new route by the carrier comes amid high competition in the country's civil aviation market. "Jet Airways is

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GDP grew at 8.2% per cent in the first quarter that ended in June 2018.

Economy grew a lower-than-expected 7.1 percent in the July-September quarter from a more than two-year high of 8.2 per cent in the previous quarter, government data showed on Friday. The latest quarter's annual pace was lower than a Reuters poll forecast of 7.4 percent.

Here's

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SBI revised its FD interest rates with effect from November 28, 2018.

State Bank of India (SBI) offers a wide range of facilities under its personal banking portfolio. From fixed deposit (FD) account to PPF (Public Provident Fund) account, the lender provides a variety of options for customer's requirements.

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BSBD account holders also get passbook facility free of charge, said State Bank of India.

State Bank of India, the country's largest lender, informed about the benefits of a basic savings bank deposit account on microblogging website -- Twitter. A basic savings bank deposit or BSBD account is a type of zero balance savings account and does not

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On Thursday the rupee had vaulted 77 paise to a three-month high of 69.85 per US dollar.

The rupee rose by 27 paise to close at a four-month high of 69.58 against the dollar on Friday, reported news agency Press Trust of India (PTI). The local currency extended gains for fourth day in a row aided by easing

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Post Office Fixed Deposit (FD): Joint FD account can be opened by two adults.

India Post, the postal network of the country, offers several savings schemes for small investors. One popular savings scheme offered by India Post is the Time Deposit (TD) or Fixed Deposit (FD) account. In a post office fixed deposit (FD), one can deposit a lump sum of

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Analysts on average expect Microsoft's revenue to increase 12.7 per cent for its fiscal year 2019

SAN FRANCISCO: 

Microsoft Corp's stock market value closed above Apple Inc's for the first time in eight years on Friday as the Windows maker benefited from growth in cloud computing while Apple was hit by investor concern about iPhone demand. Shares of

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Government has said it was confident of meeting its fiscal deficit target of 3.3% of GDP in FY19.

April-October fiscal deficit stood at 6.49 lakh crore or 103.9 per cent of the budgeted target for current fiscal year, government data showed on Friday.

Net tax receipts in the first seven months of the fiscal year that ends in March 2019 were 6.61

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The new Tejas Express will be operated between Chennai and Madurai.

Indian Railways operated Integral Coach Factory (ICF) on Friday rolled out modern and feature filled coaches for Tejas Express. This comes within a month of its rolling out country's first semi-high speed train set Train 18. The second version of Tejas superfast express train was

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The advance booking for train ticket opens 120 days before the date of journey, according to IRCTC.

IRCTC or Indian Railway Catering and Tourism Corporation, the e-ticketing arm of Indian Railways, offers the facility of online booking of train tickets. The advance booking for train ticket opens 120 days before the date of journey, according to

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Reserve Bank of India has forecast an economic growth of 7.4% for the financial year ending in March.

India's economy slowed to 7.1 per cent in the July-September quarter of the year from 8.2 per cent in the previous quarter on the back of a sharp drop in manufacturing, agriculture and mining activities, government data showed on Friday. GDP or

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RBI would then deploy its surplus capital to recapitalise state-run banks, says Mr Subramanian.

New Delhi: State-run banks need to be fundamentally reformed by allowing majority private sector participation in them as a way forward in resolving the crisis of massive non-performing assets (NPAs), or bad loans, former Chief Economic Advisor Arvind

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The growth rate of refinery products declined to 1.3 per cent in October.

The growth rate of eight infrastructure sectors slowed down to 4.8 per cent in October due to contraction in the production of crude oil, natural gas and fertiliser, according to the official data released Friday. Eight infrastructure sectors of coal, crude oil, natural gas,

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The price reduction comes soon after six consecutive monthly hikes in rates since June.

Domestic cooking gas (LPG) price on Friday was cut by Rs 6.52 per cylinder on account of tax impact on the reduced market rate for the fuel. A 14.2-kg subsidised LPG cylinder will cost Rs 500.90 in the national capital from midnight tonight as against Rs 507.42

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