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SBI's move is in line with the circular (dated July 6, 2017) issued by Reserve Bank of India (RBI).

The deadline for registering State Bank of India (SBI) internet banking with mobile number ends on November 30, 2018 i.e. today. Customers failing to register it will not be able to access the internet banking

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The CBDT has said that it only picks less than 1% cases, out of the total returns filed.

The CBDT has issued a fresh directive on 'limited scrutiny' assessment cases allowing the tax officials to widen the scope of such probes if they receive "credible" information of tax evasion by assessees.

The policy-making body for the Income Tax Department,

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INR Vs USD: Gains in the rupee came amid sustained selling of the American currency.

The rupee surged by 74 paise to touch 69.88 a dollar on Thursday, reported news agency Press Trust of India (PTI). At this level, the rupee hit a three-month high against the dollar. At the Interbank Foreign Exchange, the

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Dollar Vs Rupee: Rupee hits its highest level against the dollar since August 21.

The rupee hit a fresh three-month high on Friday amid easing crude oil prices, sustained fund flows and a higher opening of domestic stock markets. The rupee traded at 69.595 per dollar after the American currency weakened

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RBI and government have taken steps to support financing needs of the sector.

Mumbai: The Reserve Bank of India (RBI) on Thursday relaxed rules for non-banking financial companies (NBFCs) to sell or securitise their loan books, in a bid to ease persistent stress in the sector.

NBFCs can now securitise loans of more than five-year maturity after

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IndiGo Flight Tickets: IndiGo currently has a fleet of 198 Airbus A320 including 12 ATR aircraft.

IndiGo on Wednesday announced Bhopal and Jabalpur as its 65th and 66th destinations respectively. The airline will operate daily non-stop flights between Bhopal-Hyderabad and Jabalpur-Hyderabad, effective from January 5, 2019 at a starting

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Share markets on Friday: Thirteen out of 30 Sensex stocks closed in the green.

The domestic stock markets closed on a flat-to-positive note on Friday amid falling crude oil prices and an healthy inflow of foreign funds. Ahead of key economic growth data release, the Bombay Stock Exchange (BSE) benchmark

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The $44 billion Saudi Aramco refinery was seen as a game changer for both parties.

Mumbai: Maharashtra has put on hold the process to buy land for the country's biggest oil refinery that state-run oil companies are building with Saudi Aramco, Chief Minister Devendra Fadnavis said, after strong opposition from farmers.

The $44 billion refinery was

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Stock markets in both countries also climbed, while bond yields slipped.

The rupee and the Indonesian rupiah, two of the worst performers in Asia, are fast narrowing their losses, and policy makers have gone from backstopping a rout to cheering the gains.

The two currencies are poised to end November with gains of more than 5 per cent each, their

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RBI is holding excess capital between Rs 4.5 and Rs 7 lakh crore.

In the midst of a government-Reserve Bank of India (RBI) tussle over utilisation of capital reserves of the central bank, former Chief Economic Advisor Arvind Subramanian strongly supports the government's view, saying the RBI is holding excess capital between Rs 4.5 and Rs 7 lakh

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October exports fell to a three-month low of $26.98 billion.

MUMBAI: 

The government increased subsidy on interest rates charged to small exporters under a so-called interest equalisation scheme, the Reserve Bank of India said on Thursday, to boost exports. The eligible exporters will be able to avail rupee export credit from banks at 5 per cent

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Investors bet the US central bank would need more rate hikes to prevent the economy from overheating.

NEW YORK: US Federal Reserve Chair Jerome Powell injected investors with a strong dose of optimism on Wednesday, saying that the central bank's policy rate is now "just below" estimates of a level that neither brakes nor boosts a healthy US

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The reform attempts to attract over $100 billion in investments into the country.

Prime Minister Narendra Modi plans to unveil a long-awaited industrial policy soon to boost domestic manufacturing and accelerate economic growth before central polls next year. Under the new plan, a company need not purchase land or equipment but could lease them on

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INR Vs USD: The last time the rupee closed below 70 was on August 24, when it had finished at 69.91.

The rupee vaulted 77 paise to a three-month high of 69.85 per US dollar Thursday, propelled by easing crude oil prices and fresh foreign capital inflows. In a major relief to energy importers like India, oil prices slipped below the USD 60 per

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Reliance Jio JioPhone 2 Flash Sale will begin at 12:00 pm on Thursday.

Reliance Jio latest  flash sale for JioPhone 2, its 4G-enabled feature phone device, will go live today. The flash sale for JioPhone 2, an upgraded version of Reliance Jio's existing feature phone called JioPhone, will begin at 12:00 pm today, the Mukesh Ambani-owned company

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Share Market Today: In the sectoral landscape, gains were led by Nifty IT and Nifty Pharma indices

The domestic stock markets traded firmly in the green on Friday, ahead of September quarter growth numbers scheduled to be released later in the day. The S-P BSE Sensex opened at 36,304.43 and the Nifty50 barometer of the National Stock Exchange

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Domestic energy giant Adani announced on Thursday that it will self-finance its controversial coal mine in Australia and major works on the "scaled back" project will start "imminently" after eight years of court challenges from environmental activists and delayed approvals.

Adani Mining chief executive officer Lucas Dow said the Carmichael mine in

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RBI surprised markets on October 5 by not hiking interest rates.

The Reserve Bank of India won't raise interest rates until at least April, much later than thought just one month ago, according to economists polled by Reuters who say that rise will probably be a "one-and-done." The recent public row between the government and the RBI over policy

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INR Vs USD: On Thursday, the rupee had vaulted 77 paise to a 3-month high of 69.85 per US dollar.

MUMBAI: Rising for the fourth straight day, the rupee climbed 21 paise to a three month high of 69.64 against the US dollar in early trade Friday, amid weakness in the greenback against some currencies overseas and a higher opening of domestic

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Brent crude futures fell 64 cents on the day to $58.12 a barrel.

LONDON: Oil fell on Thursday, bringing losses for the month so far to 23 per cent, marking its largest one-month fall since the depths of the financial crisis in 2008. A seemingly relentless rise in US crude supply, together with Saudi Arabia's insistence that it will not cut output

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Yes Bank Share Price: ICRA said Yes Bank's ratings remain on watch with negative implications.

Shares of Yes Bank Ltd plunged to their lowest in more than two years on Thursday after credit rating agencies ICRA and CARE Ratings downgraded ratings on the lender's debt instruments. The fifth largest private-sector lender by assets has had a

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The inter-ministerial panel has decided to divest government's stake in Air India Air Transport Services.

NEW DELHI: The Central government has decided to transfer Air India's debt worth Rs 29,000 crore to a special purpose vehicle (SPV) -- Air India Assets Holding Ltd, a senior government official said on Thursday. According to the official, the

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The GSK business includes the popular malt-based drinks Horlicks and Boost.

Hindustan Unilever Ltd, the Indian unit of Unilever Plc, on Thursday said it cannot disclose details on whether it is planning to buy GlaxoSmithKline Plc's Indian Horlicks nutrition business, citing confidentiality obligations. Sources told Reuters on Wednesday that

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High crude oil prices, a weaker rupee and intense fare wars are hurting airlines' profitability.

NEW DELHI: 

Shares of SpiceJet rose as much as 2.8 per cent on Thursday after the low-cost carrier said it has provided an additional bank guarantee of Rs 20 crore ($2.83 million) to state-owned Airports Authority of India for unpaid dues. SpiceJet owes

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The guidelines NSFR are in line with global norms prescribed by the Basel Committee.

The RBI Thursday said NSFR norms that mandate banks to maintain a stable funding profile in relation to the composition of their assets and off-balance sheet activities will be operational from April 2020. 

The NSFR is defined as the amount of available stable

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Share markets on Thursday: Twenty one out of 30 Sensex stocks closed in the green.

The domestic stock markets posted their highest close in two months by rising more than 1 per cent on Thursday, amid expectations that the US Federal Reserve would slow its pace of interest rate increase. Bombay Stock Exchange

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The decision is based on the report prepared by the new board of IL-FS.

MUMBAI: Debt-laden Infrastructure Leasing - Financial Services (IL-FS) has initiated the process to sell its renewable energy business under which it will invite Expression of Interest (EoI) proposals from prospective buyers. "In order to ascertain market interest

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AirAsia's average fuel price rose 50.1 per cent over the quarter to $95 per barrel.

AirAsia Group Bhd's operating profit halved in the third quarter as higher fuel costs hurt the Malaysian flagship budget carrier, but it said conditions in the fourth quarter should improve and the holiday season would also help.

Airlines in the region, including

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Gross domestic product (GDP) data will be released on Friday at 5:30 pm.

NEW DELHI: The annual economic growth probably moderated to 7.4 per cent in the July-September quarter, according to a Reuters poll, weakening just as Prime Minister Narendra Modi led-government gets set for an election due by May. That is still faster than China, but a come

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INR Vs USD: Bond yields were at their lowest levels since early May.

The rupee rose to a three-month high against the dollar on Thursday while bond yields were at their lowest levels since early May as most Asian markets rallied following the US Federal Reserve's comments, helping boost appetite for riskier assets.

Fed Chair Jerome Powell said the

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