Business

Gold prices drifted further lower by Rs 50 to Rs 31,950 per 10 grams at the bullion market on Wednesday, falling for the third consecutive day, tracking a weak global trend amid weak demand from local jewellers reported news agency Press Trust of India. The precious metal has lost Rs 150 in the past two days. Silver too followed suit and dropped

Details
Category: Business

Write comment (90 Comments)

Customers failing to meet the MAB requirements in a month have to bear certain penalty charges.

Regular savings accounts in banks require customers to maintain a certain minimum average balance (MAB) every month. Leading lenders such as State Bank of India (SBI), HDFC Bank, ICICI Bank and Kotak Mahindra Bank have fixed their monthly average balance

Details
Category: Business

Write comment (97 Comments)

Losses in gold prices came amid tepid demand from local jewellers.

Extending slide for a second straight day, gold prices dipped by Rs 100 to Rs 32,000 per 10 gram Tuesday, reported news agency Press Trust of India (PTI). Losses in gold prices came amid tepid demand from local jewellers despite the precious metal edging higher globally. Silver

Details
Category: Business

Write comment (97 Comments)

Analysts say continuous strength in the rupee fuelled the fall in IT stocks

Domestic stock markets extended losses to a second straight day amid weakness in Asian peers. Losses in IT and energy stocks dragged the markets. Advances in pharmaceuticals, however, limited the downside. BSE benchmark index Sensex

Details
Category: Business

Write comment (93 Comments)

The Supreme Court posted the matter for further hearing on December 5

Cracking the whip on the embattled Amrapali Group, the Supreme Court warned the property developer and its officials to comply with all its directions. The top court made it clear that Amrapali Group is required to disclose "in clear

Details
Category: Business

Write comment (93 Comments)

RBI estimates banks will have scope to lend extra Rs 2.5-Rs 3 lakh crore over next year, says report.

Mumbai/New Delhi: 

The Reserve Bank of India (RBI) estimates that the country's banks will have capacity to lend an extra Rs 2.5 lakh crore to Rs 3.0 lakh crore ($35 billion to $42 billion) over the next year after it decided to relax a deadline for

Details
Category: Business

Write comment (90 Comments)

On November 14, Ashok Chawla resigned from Yes Bank's board.

Yes Bank, the country's fifth largest private-sector lender by assets, has had a tumultuous couple of months since the country's central bank trimmed extension to its chief executive officer's (CEO's) term in September. The move by the Reserve Bank of India (RBI), which has already

Details
Category: Business

Write comment (92 Comments)

London: 

Bitcoin slumped on Tuesday to its lowest this year, tumbling as much as 10 per cent to breach $4,300 and taking losses in the world's best-known digital coin to 25 per cent within a week.

Other smaller coins also skidded sharply as a broader cryptocurrency sell-off, said by traders and market makers to be rooted in heavy selling at

Details
Category: Business

Write comment (94 Comments)

RBI's decision came after persistent demand from government to ease lending and capital rules for banks.

MUMBAI: The Reserve Bank of India's decision to allow lenders more time to adhere to additional capital buffer norms under Basel 3 is credit negative for state-run banks, Moody's Investors Service said in a release on Tuesday. The RBI, after a

Details
Category: Business

Write comment (99 Comments)

Dr Reddy's share price jumped nearly 9%, registering their sharpest intraday gain in a year.

Pharma major Dr Reddy's Laboratories hit a near two-month high on Wednesday after a US court allowed the company to sell a copycat version of Indivior Plc's opioid treatment Suboxone Film. Dr Reddy's share price jumped nearly 9 per cent, registering their

Details
Category: Business

Write comment (98 Comments)

The new rules will become applicable from December 5.

The Income Tax Department on Tuesday announced certain changes to the application form for PAN or Permanent Account Number. The Central Board of Direct Taxes (CBDT), the apex policymaking body of the Income Tax Department, amended the income tax rules and said that quoting of father's name in Per

Details
Category: Business

Write comment (98 Comments)

SBI last revised its FD interest rates with effect from July 30, 2018.

Fixed deposits (FDs) are secure investment instruments offered by banks, non-banking financial companies (NBFCs) and post offices. In a bank fixed deposit (FD), investor can park lump sum amount and avail features like assured returns and choice of interest payout. Leading banks

Details
Category: Business

Write comment (95 Comments)

IndiGo Flight Booking: The offer is valid only on non-stop flights across the airline's network.

Budget carrier IndiGo, in its latest sale, is offering domestic and international flight tickets from Rs 899 and Rs 3,199, respectively, the airline said on Wednesday on microblogging website Twitter. IndiGo's sale on flight tickets is valid till

Details
Category: Business

Write comment (98 Comments)

New Delhi: 

The Income Tax Department said on Tuesday that quoting of father's name in PAN (Permanent Account Number) application forms will not be mandatory in cases where mother of the applicant is a single parent. The Central Board of Direct Taxes (CBDT), through a notification, amended the income tax rules and said the application forms would

Details
Category: Business

Write comment (98 Comments)

On the NSE, Yes Bank shares opened at Rs 198.00 against the last close of Rs 204.80.

Private sector lender Yes Bank Ltd was the top loser on both the key indices after its non-executive and independent director Rentala Chandrashekhar resigned on Monday, in addition to a slew of resignations from its board in last few weeks. Shares of the lender

Details
Category: Business

Write comment (98 Comments)

Sensex, Nifty Today: Twenty nine out of 50 Nifty stocks traded with losses.

The domestic stock markets opened in the green but quickly slipped into the red on Wednesday. At 10:35 am, the 30-share Sensex traded at 35,132.72, down 341.79 points or 0.96 per cent and the Nifty50 barometer of the National Stock Exchange (NSE) was at 10,571.60, with a

Details
Category: Business

Write comment (94 Comments)

The top court gave the last opportunity to Amrapali Group to comply with its directions

New Delhi: 

"Writing is very clear on the wall," the Supreme Court warned the embattled real estate firm Amrapali Group on Tuesday over its repeated non-compliance and "hood-winking" of the court's order.

The top court asked the realty firm to reveal by December 3

Details
Category: Business

Write comment (90 Comments)

The government and the RBI have been sparring over how much capital the central bank needs

The Reserve Bank of India signaled a compromise with the government by agreeing to study a demand for sharing a part of its capital -- an issue that had triggered a public spat between the monetary policy makers and their political bosses.

The central bank

Details
Category: Business

Write comment (93 Comments)

On Tuesday, the rupee closed at 71.46 per dollar versus its previous close of 71.65.

The foreign exchange and debt markets are closed on Wednesday for 'Eid-e-Milad' but equity markets are open, reported news agencies Reuters and Press Trust of India.

On Tuesday, the rupee closed at 71.46 per dollar versus its previous close of 71.65. This was the

Details
Category: Business

Write comment (99 Comments)

Jet Airways will also offer a fourth daily frequency between Delhi and Kathmandu.

Jet Airways has introduced a slew of new flight services to select routes on its domestic and international network, the airline said in a press release on Tuesday. The carrier will launch a new, non-stop service from Pune to Singapore from December 1, 2019. This new

Details
Category: Business

Write comment (90 Comments)

Home Ministry issued notice after these entities failed to file returns for up to six years in row.

NEW DELHI: Infosys Foundation, Skoda Auto India, University of Rajasthan and Madras Christian College are among 1,775 entities issued show-cause notice under the Foreign Contribution (Regulation) Act for their failure to submit annual income and

Details
Category: Business

Write comment (98 Comments)

US West Texas Intermediate (WTI) crude futures, were up 78 cents, or 1.4 per cent, at $54.21 a barrel.

SINGAPORE: 

Oil prices on Wednesday recovered some of the previous day's over 6 per cent plunge, lifted by a report of an unexpected decline in US commercial crude inventories as well as record Indian crude imports. But investors remained on edge,

Details
Category: Business

Write comment (94 Comments)

The rupee has appreciated by 143 paise against the dollar in six consecutive days

The rupee rose by 21 paise to end at 71.46 against the dollar on Tuesday, on increased selling of the greenback by exporters amid softening crude oil prices, and persistent foreign fund inflows.

This is the sixth straight session of gains for the domestic unit as the

Details
Category: Business

Write comment (90 Comments)

Weakness in the dollar and gains in the equity markets supported the rupee, according to dealers

Mumbai: 

The rupee rose by 26 paise to close at a 10-week high of 71.67 against the dollar on Monday, extending its winning streak for the fifth straight day helped by steady forex inflows amid a crucial Reserve Bank of India board meeting. The rupee has

Details
Category: Business

Write comment (90 Comments)

Jet Airways posted a net loss of Rs 1,261 crore in the second quarter of the current fiscal year

Kolkata: 

Jet Airways said on Tuesday that it is in active discussions with various investors to secure sustainable financing. "We are in active discussions with various investors to secure sustainable financing to navigate through the current headwinds

Details
Category: Business

Write comment (96 Comments)

Malaysian Airlines is keen to increase the number of flights to India and to launch direct flights from Kuala Lumpur to Kashmir, Malaysian High Commissioner to India Datuk Hidayat Abdul Hamid has said. 

Hamid, who was on a three-day tour of Kashmir, said increased flights between the two countries will further boost tourist flow from

Details
Category: Business

Write comment (93 Comments)

Out of the 66 non-banking companies, 22 were based in West Bengal and 18 in Delhi, according to the central bank.

  1. Non-banking financial companies have been under the lens ever since a series of defaults at infrastructure major IL-FS or Infrastructure Financing and Leasing Services triggered a rout in the domestic capital markets and fueled
Details
Category: Business

Write comment (91 Comments)

Crude imports rose as many refiners resumed purchases after maintenance of units.

Crude oil imports in October rose to their highest level in at least more than seven years, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed. Crude imports in October climbed 10.5 per cent from a year earlier to 21.02 million

Details
Category: Business

Write comment (91 Comments)

Market breadth favoured the declines on Tuesday

Breaking their three-day rising spree, the domestic stock markets fell on Tuesday in line with weakness in broader Asia. BSE benchmark index Sensex ended 300 points lower at 35,474 while the Nifty barometer of National Stock Exchange (NSE) settled at 10,656,

Details
Category: Business

Write comment (99 Comments)

BHIM SBI Pay offer on fuel purchase is valid till November 23, 2018, said SBI.

State Bank of India (SBI) is offering up to 5 litres of free petrol on payment done via mobile app BHIM (Bharat Interface For Money) SBI Pay at any domestic oil retail outlet. BHIM SBI Pay, based on Unified Payments Interface or UPI, is a mobile app that lets users

Details
Category: Business

Write comment (99 Comments)