Business

Nifty50 is likely to receive support at 10,850 points, said Deepak Jasani, HDFC Securities.

MUMBAI: The Reserve Bank of India (RBI)'s monetary policy review along with release of key macro data points and concerns regarding the stability of the NBFC segment will influence the trends on key equity indices next week. According to analysts, high crude

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Mumbai: Life Insurance Corporation is open to participating in a rights issue by debt-ridden Infrastructure Leasing - Financial Services (IL-FS), the insurer's chairman VK Sharma told reporters on Friday.

IL-FS is a major Indian infrastructure finance and construction company, which has built up big debts and is now facing a credit

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Share markets on Friday: Twenty out of 30 Sensex stocks finished the session in the red.

Domestic stock markets closed lower for the third straight session, as caution prevailed ahead of the bi-monthly policy meeting of the Reserve Bank of India (RBI) due next week. The S-P BSE Sensex declined 97.03 points, or 0.27 per cent, to end at 36,227.14

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Vijay Mallya's firm that had a stake in Force India, is subject to freezing order in favour of 13 banks.

LONDON: One of the two main bidders, keen to acquire embattled businessman Vijay Mallya's Force India Formula One racing team after it went into administration, has claimed that a consortium of 13  banks lost out on estimated 40 million pounds

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IL-FS needs an immediate capital infusion of Rs 3,000 crore.

MUMBAI: The Reserve Bank of India (RBI) Friday met the large shareholders of debt-laden Infrastructure Leasing - Finance Services (IL-FS) to decide on revival and capital infusion plans for the company, sources said. Deputy governors NS Vishwanathan and MK Jain have met the

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As of Friday's close, Yes Bank share price had declined more than 42.5% since the RBI directive.

Yes Bank shares touched their two-and a half-year low levels on Friday, before ending over 9 per cent lower, amid uncertainty around the tenure of the lender's CEO, Rana Kapoor. The private sector bank's board had said earlier this week that it would

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Petrol, diesel rates on Sunday came into effect from 6 am.

Petrol and diesel prices were further raised on Sunday by up to 17 paise across the four metro cities. A litre of petrol was sold in New Delhi for Rs 83.49, in Kolkata for Rs 85.30, in Mumbai for Rs 90.84, and in Chennai for Rs 86.80, Indian Oil Corporation (IOC) data showed. A litre of

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Bandhan Bank can now open new branches only with prior approval of RBI.

KOLKATA: The Reserve Bank of India (RBI) has withdrawn the general permission given to Bandhan Bank to open new branches and it can now do so only with prior approval of the central bank.            

In a communication to the BSE on Friday, the bank said, "RBI has communicated

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Finance Minister Arun Jaitley said GST Council discussed the proposal from Kerala to levy Calamity Tax.

NEW DELHI: GST Council, the highest decision making body of the Goods and Services Tax regime, Friday decided to set up a seven-member Group of Ministers to suggest on cess demand for Kerala flood rehabilitation.

Briefing reporters after the 30th

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Fuel Rates On Saturday: In tandem with petrol, price of diesel also rose to hit new highs.

NEW DELHI: Fuel prices in the country continued their upward movement on Saturday, with petrol costing nearly Rs 91 a litre in Mumbai.

In Mumbai, the country's financial capital, petrol was priced at Rs 90.75 per litre, up from Rs 90.57 on Friday, data on the

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Infrastructure Leasing - Financial Services (IL-FS) has paid all its remaining balance of Rs 300 crore to LIC Mutual Fund, the fund house said on Friday. "We at LIC Mutual Fund would like to reiterate our earlier statement that there was no default in our LIC MF (mutual fund) schemes. We at LIC Mutual Fund would like to confirm having

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Fuel prices today: A litre of petrol was purchased at a price of Rs 86.51 in Chennai.

Petrol and diesel prices were increased marginally on Friday. A litre of petrol touched Rs 90.57 per litre in Mumbai, while the price of diesel was revised to Rs 79.01 per litre, according to a notification by Indian Oil Corporation, the country's largest fuel

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Gold Prices Today: Positive global trend and strong local buying supported the uptrend.

Gold prices recovered on Saturday after falling for three consecutive days. A positive global trend and strong buying in the local market supported the uptrend in gold prices. Silver prices also rose backed by increased offtake by industrial units and coin

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Centre had budgeted gross borrowing plan of Rs 6.05 lakh crore, which now is reduced by Rs 70,000 crore.

NEW DELHI: Economic Affairs Secretary S C Garg Friday announced reduction in gross borrowing estimate for the current fiscal by Rs 70,000 crore and maintained that the government will contain fiscal deficit target at 3.3 per cent. Giving details

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Demand for services and manufactured goods slowed in August.

India is beginning to feel the heat of global trade tensions and tighter monetary conditions at home, as rising oil prices and waning consumption threaten to muzzle animal spirits in the world's fastest-growing major economy.

Demand for services and manufactured goods slowed in August,

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IL-FS has a debt burden of over Rs 90,000 crore.

Revealing a three-part strategy, debt-hit Infrastructure Leasing - Finance Services (IL-FS) said on Saturday that it needs to have a successful rights issue to recapitalise itself. In August, IL-FS's board approved a Rs 4,500-crore rights issue

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The record slump on Friday prompted Infibeam Avenues to make a voluntary clarification to exchanges

Infibeam Avenues Ltd. lost 71 percent of its market value on a single day after a WhatsApp message circulating among traders raised concerns about the e-commerce company's accounting practices.

Speculation mounted before a shareholder meeting on

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IL-FS is a huge borrower, accounting for 2% of outstanding commercial paper.

Indian authorities have spent the week containing the collateral damage from a major infrastructure lender struggling to service $12.6 billion in debt. Next up: Figuring out why the nation's credit rating agencies didn't see the crisis coming.

IL-FS Group is a vast

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Travel period of Wow Air offer on flight tickets is from December 7, 2018 - February 10, 2019.

Wow Air, the Iceland-based airline, which is launching its India operations in December, said it is offering a 40 per cent discount on international flight tickets. Wow Air's discount, which can be availed via a promo code, is valid until midnight Monday

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When even a 24-year-old Indian entrepreneur has no difficulty raising $1 billion in a day from global investors, it's easy to forget that it wasn't always like this.

Only two decades ago, a storied Mumbai financier could get away with raising $25 million of debt for a client, giving it just about half of that money five years later, and making the

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Share markets on Friday: Twenty four out of 30 Sensex stocks started the session in the green.

Domestic stock markets started Friday's session on a positive note but soon pared early gains and turned slightly negative. At 10:10 am, the S-P BSE Sensex slipped 32.79 points, or 0.46 per cent, to trade at 36,291.38. The broader NSE's Nifty50 was tr

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Jet Airways flight tickets offer is valid for bookings on September 29 and 30, 2018.

Jet Airways is offering a 10 per cent discount on all flight tickets to celebrate the Indian cricket team's victory in Asia Cup. The premier full-service airline is offering seven "lucky" passengers a free upgrade to premiere class and another seven guests a 50 per

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Taj Mansingh auction had been pending since Tata Group's lease expired in 2011.

The iconic Taj Mansingh hotel in Lutyen's Delhi was retained by the Tata group in an auction by the New Delhi Municipal Council (NDMC) on Friday, official said.

The auction had been pending since the lease expired in 2011. The lease for the property will be granted to

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INR vs USD: On Thursday, the rupee closed flat at 72.59 against US dollar.

The Indian rupee marginally rose by 10 paise to 72.49 against the US dollar in early trade on Friday, reported news agency Press Trust of India (PTI). The domestic currency edged higher today amid fresh selling of the American

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Debt defaults by certain group entities of IL-FS have triggered fears of liquidity crisis in markets.

NEW DELHI: The government is monitoring the situation of debt-ridden IL-FS and would take appropriate action to ensure that there is no undue impact on the financial system, Economic Affairs Secretary S C Garg said Friday. Debt defaults by

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Interest rates on fixed deposits or term deposits are revised by commercial banks from time to time. Interest rate on an FD - which is a fixed income instrument - varies from one bank to another, depending upon factors such as MCLR (marginal cost of funds-based lending rate), maturity period or term and the deposit amount. Major public sector

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PNB said the capital infusion would be through preferential allotment of equity shares

New Delhi: State-run Punjab National Bank's board on Thursday approved a proposal for capital infusion of Rs 5,431 crore from the central government by way of preferential issue of equity shares.

Following the board meeting, the PNB said in a regulatory filing

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The rupee edged higher against the US dollar on Friday amid a volatile session. After opening marginally higher against the greenback, the rupee dipped to 72.65 but recovered from those levels before settling 11 paise higher at 72.48 for the day. With that, the rupee closed the month with a loss of 2.1 per cent. The government announced a

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Gold prices extended their fall for a third straight day on Friday.

Extending fall for a third day in a row, gold prices dropped on Friday on weak global cues and lacklustre local demand. Firming of the US dollar amid positive US economic data numbers after the US Federal Reserve indicated further rate hikes, pushed the gold prices down, traders

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The government's decision to raise import duty on nineteen high-end consumer items including washing machines, air conditioners, footwear and diamonds has led to worries about prices of these items going up. The government has also introduced import duty on aviation turbine fuel (jet fuel) and that is definitely going to affect flyers. But experts

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