Business

The firm invests in a diversified portfolio of quoted and unquoted securities of companies.

Tata Investment Corporation on Friday said that its Board of Directors has approved a proposal to buyback 8.17 per cent of the total paid-up equity share capital of the company.

According to a regulatory filing, the buyback will be for an aggregate amount not

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The State Bank of India internet banking facility can be accessed through the bank's OnlineSBI portal

State Bank of India (SBI), the country's largest lender, has asked its internet banking users to get their mobile phone numbers registered by November 30. Failing to do so by the due date may lead to deactivation or blockage of the internet banking

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House prices rose at an average annual rate of 8.5 per cent last year.

House prices will rise at half the rate of consumer price inflation next year, hit by dwindling credit supply, according to a Reuters poll of housing market experts who said Delhi, the national capital, will be hit hardest.

House prices have risen at almost double-digit rates for

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SBI offers a host of debit cards, ranging from classic debit cards to rupay debit cards.

State Bank Of India (SBI), country's largest lender, offers a wide range of services in the personal banking segment. These products are designed with flexibility to suit customer's personal requirements and are

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Sovereign gold, however, remained flat at Rs 24,800 per piece of 8 gram.

Gold prices in Delhi fell by Rs 235 per 10 gram while silver rates held steady at Rs 37,900 per kg on Friday, reported news agency Press Trust of India (PTI). Fall in domestic demand dragged gold prices but strong international cues capped the losses, traders were quoted as

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Jet Airways and Tata Deal: Jet Airways shares closed 6.3% higher on the NSE on Friday.

Tata Sons, the holding company of Tata Group, said on Friday it is in preliminary talks with Jet Airways and has made no proposal to acquire a stake in the debt-laden carrier. The statement from Tata Sons came after its

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UUnder this Jet Airways' offer, tickets are valid for 1 month from the date of commencement of journey

Jet Airways is offering return flight tickets at a starting all-inclusive price of Rs 23,293, noted the carrier on it's official website- jetairways.com. The discounted fares are applicable on return journey in economy class for travel from

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

Continuing their rising streak for the second straight day, domestic stock markets rose to six-week closing highs on Friday. Bombay Stock Exchange (BSE) benchmark index Sensex ended at 35,457.16, up 196.62 points or 0.56 per cent

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Many Flipkart employees and other observers found Walmart's action confusing.

The surprise resignation of a tech billionaire has pulled corporate India deeper into the #MeToo firestorm that's been sweeping through the American business community for more than a year. Walmart Inc. announced Tuesday that Flipkart co-founder Binny Bansal was leaving

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India Post Payments Bank or IPPB, a state-owned payments bank, currently offers four types of bank accounts to customers. Of these, three are savings accounts - regular, digital and basic - and one current account. The four kinds of bank accounts at IPPB come with different features, such as limits on withdrawals, balance requirements and charges

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Petrol, diesel rates: Currently, the fuel prices are reviewed by oil marketing companies on a daily basis

Petrol and diesel prices were reduced by 16-18 paise per litre in Delhi and Mumbai on Friday. With effect from 6 am on Friday, November 16, petrol prices were at Rs 77.1 per litre and Rs 82.62 per litre in Delhi and Mumbai respectively,

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Prime Minister Narendra Modi's government has sought Tata Sons Ltd.'s help to rescue struggling Jet Airways India Ltd., people familiar with the matter said.

Tata Sons is in talks with the government about a potential haircut to state-run banks on Jet's loans as part of the plan, while Airports Authority of India may forgo some of its dues, one

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The IL-FS board has decided to sell off its assets as part of a restructuring plan

New Delhi: 

Gas utility GAIL (India) might be interested in buying some of the wind assets of debt-laden Infrastructure Leasing and Financial Services (IL-FS) but has yet to have any discussion on the matter, two sources from GAIL said on Friday.

The new board

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FD interest rate for senior citizen: Top banks pay up to 0.5% higher returns to senior citizens

Major commercial banks in the country today pay a 0.5 per cent higher return to senior citizens compared to the general public on fixed deposits of up to Rs 1 crore. Currently, public sector banking majors, such as State Bank of India (SBI), Punjab

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Balance in the India Post Payments Bank savings accounts fetches interest at the rate of 4%

India Post Payments Bank or IPPB, which started its countrywide operations in September 2018, offers three kinds of savings account at present. The payments bank offers three types of savings accounts - regular,

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Other than providing a free intra-bank fund transfer service to its customers, India Post Payments Bank also provides instant money transfer services. IPPB or India Post Payments Bank charges a fee ranging from Rs 2.5 to Rs 50 per transaction from its customers for instant money transfer through NEFT, RTGS and IMPS payments platforms, according to

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Angry Birds Maker Rovio says tough competition and high marketing costs would put pressure on its outlook

Helsinki: 

Rovio Entertainment, the maker of the "Angry Birds" mobile game, on Friday said the company needed to come up with new games to drive growth and warned that sales would fall this year after reporting higher third-quarter profits.

The

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Lenders also pay slightly higher interest rates on fixed deposits to senior citizens.

Private sector lender ICICI Bank's latest changes to its fixed deposit interest rates came into effect today. Another private sector lender, Axis Bank also revised its interest rates yesterday. A fixed deposit (FDs) is a secure financial instrument offered by

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SBI reinvestment plan: There is no maximum limit for deposits, according to the bank.

State Bank of India (SBI), the largest lender of the country, offers a variety of products ranging from savings accounts to fixed deposits (FDs). One such product offered by SBI is the reinvestment plan, which works like a fixed deposit (FD). The only difference

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Ananth Narayanan said his relationship with Krishnamurthy was "very good".

The chief of Flipkart Group's Myntra-Jabong fashion business on Friday denied a media report that he will quit after a reshuffle in the ranks following the ouster of group CEO Binny Bansal.

"I'm very excited about Myntra," Ananth Narayanan, the CEO of the business, told

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The rupee is still down around 12.7% against the dollar so far this year

The rupee appreciated by 33 paise, or 0.5 per cent, to close at 71.97 against the dollar on Thursday. That marked the highest closing level for the rupee since 71.84 on September 14. Wednesday's rise also marked the first time the rupee

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Payments processor Visa Inc said on Friday it is taking a minority stake in Mumbai-based payment gateway BillDesk, as it seeks to grab a bigger slice of one of the fastest growing digital payments markets in the world.

Both companies did not disclose the terms of the deal, but the local media had reported a few months ago that Visa was looking to

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The Indian rupee has declined about 11 per cent since the start of the year.

The rupee edged higher by 10 paise to 72.07 against the dollar in early trade on Friday on increased selling of the greenback by exporters and banks, reported news agency Press Trust of India (PTI). Increased foreign fund inflows

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NPS and PPF schemes are aimed at providing financial security to the subscriber during retirement

State Bank of India (SBI), the country's largest lender, offers a host of services to its customers.  National Pension System (NPS) and PPF (Public Provident Fund) accounts are two retirement planning-focused instruments provided by the lender under

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Cyclone Gaja crossed Tamil Nadu's coast early Friday, bringing with it heavy rain.

Indian Railways operated Southern Railway has mentioned a list of trains (on its official twitter handle- @GMSRailway) that are cancelled, terminated and partially cancelled on Friday due to Cyclone Gaja. Severe cyclonic storm 'Gaja', crossed Tamil Nadu's coast early

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Jet Airways has already played a part in the decline of Etihad Airways PJSC. Could Tata Sons Ltd. be the next business empire to enter its dangerous web

Prime Minister Narendra Modi has sought Tata's help to rescue the struggling airline, people familiar with the matter told Anurag Kotoky and Bhuma Shrivastava of Bloomberg News this week. The

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SBI Chairman Rajnish Kumar said there was no liquidity crunch for the non-banking finance companies.

New Delhi: 

Amid the ongoing tussle between the government and the Reserve Bank of India (RBI) on liquidity issue, State Bank of India (SBI) Chairman Rajnish Kumar on Thursday said there was no liquidity crunch for the non-banking finance companies (N

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Mumbai: 

The rupee strengthened by 4 paise to close at a fresh two-month high of 71.93 against the dollar on Friday, its gaining streak for the fourth day, despite a rebound in oil prices and a stronger dollar. Crude oil prices falling below the $70 per barrel mark and forex inflows have boosted the rupee sentiment as the domestic currency posted

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INR Vs USD: Increased selling of the US currency by exporters and banks aided rupee.

MUMBAI: The rupee firmed 10 paise to 71.87 against the US dollar Friday on increased selling of the US currency by exporters and banks.

Besides, weakness in the greenback against some currencies overseas, increased foreign fund inflows and a higher opening of

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Banks could be recapitalised with government bonds, said an independent director on the central bank's board on Thursday, at a time when the Reserve Bank of India and the government are at loggerheads on regulatory issues. S Gurumurthy has been a vocal member on the RBI board asking for easier lending and capital restrictions for the country's

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