Business

Amazon.com Inc on Tuesday joined Apple Inc in the $1 trillion club, becoming the second member of the group after its stock price doubled in 15 months. If the online retailer's share price continues at its recent pace, it will be a matter of when, not if,

Stock markets extended losses to yet another day amid fund outflow-related concerns. BSE benchmark index Sensex fell 154 points to close at 38,157 on Tuesday, while the NSE Nifty declined 62 points to settle at 11,520. Weakness prevailed across sectors except IT, which took support from the rupee's plunge to life-time lows. Top laggards on the

INR Vs USD: A sharp rally in global crude prices dampened the overall trading sentiment.

New Delhi: Qatar Airways will wait for "another 12 months" to decide on setting up an airline in India as it seeks clarity on "ambiguous" foreign ownership norms, its chief Akbar Al Baker said Tuesday. The comments come less than three months

Overseas investors of Indian origin are allowed to buy up to 5 per cent in any security under current regulations, Economic Affairs Secretary Subhash Chandra Garg said on Tuesday, in a bid to calm markets after recent regulatory changes.

Markets fell for the second straight day as

Domestic stock markets swung between gains and losses after opening on a flat note on Tuesday. At 12:09 pm, the S-P BSE Sensex rose 42.79 points or 0.11 per cent to trade at 38,355.31. The broader Nifty50 fell 8.70 points or 0.08 per cent to trade at

New Delhi: National carrier Air India has been assured of Rs 2,100 crore from the Centre in the form of guaranteed borrowing, Ministry of Civil Aviation Secretary RN Chaubey said on Tuesday. On May 22, Chaubey had said that the option of selling Air India would not

Jet Airways, country's second largest airline by market share, announced the launch of new daily direct flights on domestic routes. The airline today introduced a daily direct flight connecting Visakhapatnam New Delhi, among other flights. "Air traffic from Visakhapatnam

Want to open a savings bank account at the post office For opening a regular savings account, you have two options. India Post Payments Bank - which was launched last week - and India Post offer regular savings accounts to retail customers. India Post,

State Bank of India (SBI) offers Pehla Kadam and Pehli Udaan savings accounts for minors. Pehla Kadam and Pehli Udaan, are complete bouquets of banking products, that will not only help children learn the importance of saving money but will also allow them to

Bharti Airtel on Tuesday launched three new recharge packs for its prepaid subscribers. Priced at Rs 35, Rs 65 and Rs 95, the three recharge coupons offer data as well as talk-time benefits and are aimed at "further simplifying its prepaid proposition", Bharti Airtel said in a statement. Bharti Airtel - which provides telecom services under brand

Mumbai: The domestic airlines industry is expected to post losses of $1.65-1.90 billion this fiscal year, amid headwinds due higher costs and lower yields, a report said. Besides, the airlines need to raise over $3 billion in near term based on June

New Delhi: With the rupee hitting a fresh low, the government said on Tuesday that the currency will stabilise on its own as there are no domestic factors contributing to this depreciation. The rupee closed at a record 71.58 against the greenback on Tuesday, making imports costlier and putting price pressures.

"Rupee has depreciated primarily on

Shares of Infosys surged as much as hit a new 52-week high of Rs 748.35 on stock exchange BSE trade. The stocks of IT major are trading ex-date for bonus issue in the ratio 1:1. At 1:29 pm, the shares of Infosys were up 3.22 per cent at Rs 739.75. Infosys has

Mumbai: Stock markets fell sharply on Monday after a set of fund managers raised fresh concerns over an April circular from the market regulator related to tighter rules on foreign funds ownership by entities of Indian origin, which they said

The rupee plunged by 37 paise against the US dollar to close at 71.58 on Tuesday. The rupee extended its fall against the American currency to a fifth day in a row. That reinforced the rupee's position as the worst performing currency in Asia so far this calendar year. While the dollar rose against a group of currencies, strong demand for the

National carrier Air India will get Rs 2,100 crore from the government in the form of guaranteed borrowing, news agency ANI cited Civil Aviation Secretary RN Chaubey as saying on Tuesday. A guaranteed loan is a secured loan in which a party other than the borrower is

Extending its fall to a fourth session in a row, the rupee dropped to a fresh closing low of 71.22 against the US dollar on Monday. The rupee had risen as much as 23 paise during Monday's session, boosted by fresh selling of the US currency by exporters and

New Delhi: The government will not cut excise duty on petrol and diesel to cushion spiralling prices, which touched fresh highs Tuesday, as it has limited fiscal space available to take any dent in revenue collections, a top official said. With imports becoming costlier

Bengaluru, India's high-tech hub, notched up the steepest office-rental increases in Asia in the second quarter, according to Knight Frank LLP.

The southern Indian city formerly known as Bangalore topped Knight Frank's office-rent index with a 7 percent hike in rates in the three months ended June versus the quarter prior. Tight supply pushed up

Kolkata: The two-day mass casual leave on September 4 and 5 called by the United Forum of Reserve Bank Officers and Employees (UFRBOE) has been deferred after discussion with the bank management, the union said Monday.

"Consequent to series of meeting between top management of Reserve Bank of India with unions, the forum has decided to defer the

Indian Railways offers travel concessions to various categories of travellers, like students, sports persons, scouts and guides, farmers, industrial workers, teachers, senior citizens, handicapped persons, among others. The quantum of these concession ranges from 10

The Reserve Bank of India (RBI) has bought 8.46 tonne of gold in financial year 2017-18, the first purchase of yellow metal by the apex bank in almost nine years, a report said. RBI held 566.23 tonne of gold as on June 30, 2018,compared with 557.77 tonne as on June 30, 2017, according to RBI's latest annual report for 2017-18.    

"The increase is

AirAsia India has announced flight tickets starting from Rs 999 on select routes under a limited-period offer. Under its promotional scheme, called 'Big Sale', AirAsia India is offering flight tickets priced from an all-inclusive Rs 999 on

Gold eased by Rs 50 to Rs 31,200 per 10 gram at the bullion market on Tuesday on subdued demand from local jewellers amid a weak overseas trend, reported news agency Press Trust of India. However, silver rose by Rs 150 to Rs 37,850 per kg on scattered enquiries

Petrol and diesel prices in the country touched their highest levels on Tuesday. Oil marketing companies (OMCs) increased fuel rates for the tenth consecutive day in Delhi, Mumbai, Kolkata and Chennai. Petrol price in Delhi rose to a record Rs 79.31 per litre and diesel

Domestic equity indices erased all its early gains to close Monday's session on a negative note. The S-P BSE Sensex dropped 332.55 points or 0.86 per cent to trade at 38,312.52. The broader Nifty50 slipped 98.15 points or 0.84 per cent to trade at 11

Jet Airways is offering up to 30 per cent discount on base fare in premiere and economy class on select domestic as well as international flight tickets, said the carrier on its official website- jetairways.com. Jet Airways' all-new 'Global Sale' is valid for bookings done till September 7,

SBI, LIC Housing Finance and Muthoot Home Monday offered loans at concessional rate for repairing and renovation of homes to help people in flood-affected Kerala.

State Bank of India (SBI) said it will offer the special term loan at 8.45 per cent for borrowings up

GoAir is offering flight tickets at a starting all-inclusive price of Rs 1,099. According to the official website of GoAir-goair.in, the booking period of the offer ends on September 5, 2018. The travel period of the offer ends on March 31, 2019. "Leisure or Business Whatever the reason