Business

Bengaluru: India's battered rupee, which has lost more than 12 per cent this year, will hover near record lows on a worsening trade balance and at best only pare some of those losses in the coming 12 months, a Reuters poll found. Extending its losses, the rupee on

Tilak Raj Bathla's tiny weaving factory is one of the few still humming on a once busy road in Panipat, known as the country's "textile city".

Nearby, more than two dozen other workshops are locked from the outside, while dogs and cows roam through other

Domestic stock markets closed in the red on Wednesday as investor sentiment remained bearish amid a plunging rupee and weak global cues. S-P BSE Sensex dropped 139.61 points, or 0.37 per cent, to settle at 38,018.31, closing loser for a sixth session in a row. The Nifty ended 43.35 points, or 0.38 per cent, lower at 11,476.95. 25 of its 50 s

Gold rallied by Rs 110 to Rs 31,510 per ten gram at the bullion market on Thursday, largely in sync with overseas trend and increased buying by local jewellers, reported news agency Press Trust of India. Besides, a depreciating rupee which slumped to a historic low of 72.12

Fuel prices breached record levels on Thursday as Oil marketing companies (OMCs) raised petrol, diesel rates in the range of 20-22 paise per litre across four metros cities. Petrol can be purchased at a price of Rs. 79.51 per litre in Delhi, according to price

Gold rallied by Rs 200 to Rs 31,400 per 10 gram at the bullion market on Wednesday on pick-up in buying by local jewellers amid a firm global trend, reported news agency Press Trust of India. However, silver lost Rs 250 to Rs 37,600 per kg due to reduced offtake by industrial

IRCTC (Indian Railway Catering and Tourism Corporation) offers the facility of online Tatkal ticket booking via its official website and app. For offline mode, passengers can approach the reservation counters and avail the facility. Tatkal ticket booking provides reservation

The Indian rupee pared initial gains to slip 7 paise to 71.82 against the US dollar in late morning deals today, reported news agency Press Trust of India (PTI). According to forex dealers, the fall in Indian currency is on bouts of dollar demand from banks and importers.

Digital wallet company Paytm on Tuesday launched 'Paytm Money' app for mutual fund investments. The Paytm Money platform will be offering systematic investment plans (SIPs), starting at Rs 100 per month. Paytm Money has registered with securities markets regulator SEBI

Bengaluru: The US dollar, which has had its best yearly performance since 2015 so far in 2018, will hold on to those gains for the rest of the year but beyond that is unlikely to maintain its ascendancy, a Reuters poll showed. A majority of

Benchmark equity indices opened on a mildly positive note on value-buying in select bluechip stocks, recovery in rupee and fall in global crude oil prices, but pared some gains on Asian trend. At 10:06 am, the S-P BSE Sensex was trading at

AirAsia has come up with a new sale and is offering international flight tickets starting from Rs 1,399. The offers come amid high competition in the country's civil aviation market. Other airlines such as Jet Airways, IndiGo are also offering discount of

Stock markets rose on Thursday led by energy, pharma and commodity stocks. BSE benchmark index Sensex gained 224 points to close at 38,242 while the NSE Nifty rose 59 points, to settle at 11,536. Advances in the domestic markets meant some recovery from a near three-week low in the previous session, despite weakness in other Asian peers fueled by

New Delhi: The government on Wednesday decided to make the Pradhan Mantri Jan Dhan Yojana (PMJDY) an open-ended scheme and added more incentives to encourage people to open bank accounts. Briefing reporters about the cabinet decision, Finance Minister Arun Jaitley said

The Reserve Bank of India (RBI) likely intervened mildly in the forex markets on Wednesday, two traders told Reuters, as the rupee hit a fresh low in line with other emerging market currencies hurt by dollar strength and simmering trade tensions.

The RBI is expected to have sold dollars at 71.80 rupees per dollar in the local spot forex market to

The Union Cabinet on Wednesday decided to make the Pradhan Mantri Jan Dhan Yojana (PMJDY) an open-ended scheme and added more incentives to encourage people to open bank accounts. "In view of the runaway success of the scheme, now it has been decided

New Delhi: The Securities and Exchange Board of India (Sebi) on Wednesday said it would review an order tightening rules on foreign funds ownership by entities of Indian origin, after some fund managers said it could lead to massive dollar outflows. The Sebi

Shares of Fortis Healthcare slipped as much as over 1.7 per cent on Wednesday. At 10:57 am, Fortis Healthcare was trading at Rs 145.35 on the BSE, down 1.50 per cent. The fall in Fortis Healthcare shares came after co-founder Shivinder Singh moved the National Company Law Tribunal (NCLT) against

Jet Airways is offering 8 per cent exclusive discount on flight tickets for senior citizens. Customers willing to avail the offer can book tickets on airline's official website- jetairways.com, mobile app, airport ticketing offices, city ticketing offices and

Bharti Airtel on Tuesday launched three new prepaid recharge packs for its customers. The new recharge packs are priced at Rs. 35, Rs. 65 and Rs. 95. Other telecom operators such as Reliance Jio, Bharti Airtel and Vodafone India are also offering

INR Vs USD: The Indian rupee is Asia's worst performing currency so far this year.

Aurobindo Pharma shares jumped more than six per cent on Thursday, after the Hyderabad-based drug maker announced a $900-million cash acquisition in the US. Aurobindo Pharma shares traded with high volumes, surging 6.3 per cent to touch an intraday high of Rs 739.80 in the first half of the day. Aurobindo Pharma said it will acquire the

India Post and India Post Payments Bank offer different types of savings accounts. India Post Payments Bank - launched earlier this month - provides three types of savings accounts: regular, digital and basic. India Post, which has a network of more than 1.5 lakh post offices across the country, provides several banking and remittance services,

Benchmark equity indices opened mildly positive on Wednesday on fresh buying by foreign investors and recovery in Indian rupee, but soon turned choppy on weak global cues.  At 9:48 am, the S-P BSE Sensex declined 13.52 points or 0.04 per cent to trade at 38,144.40. Th

Novartis AG said on Thursday it would sell the dermatology and generic US oral solids portfolios of Sandoz US to Aurobindo Pharma Ltd for $900 million, as the Swiss drug maker looks to focus on higher growth areas.

The deal also includes about 300 products and additional development projects of Sandoz and an additional $100 million in

The rupee declined 17 paise against the US dollar to close at 71.75 on Wednesday. That marked the sixth consecutive session with the rupee settling lower against the greenback. While crude oil prices rose further in anticipation of tightening supply, buying of the dollar by banks and importers along with strengthening of the US currency overseas d

Airlines are offering a host of discount offers on domestic and international flight tickets. The offers come amid high competition in the country's civil aviation market. Jet Airways is offering up to 30 per cent discount on base fare in premiere and economy

Finance Minister Arun Jaitley Wednesday attributed the fall in rupee to global factors and said there was no need for panic or knee-jerk reactions. He further said the Reserve Bank is doing whatever is necessary to deal with the situation. The rupee's unabated fall

State Bank of India (SBI) offers various services under its personal banking portfolio. Lender's savings bank account, one of such feature, allows customers to keep their money safe and helps them grow their savings moderately. The customer identification in case of a

Have you fully utilised the income tax deduction of Rs 1.5 lakh available under Section 80C of the Income Tax Act Section 80C provides for income tax deductions up to Rs 1.5 lakh in a financial year. That means you can deduct up to Rs 1.5 lakh from your