Business

Indian retail investors won't easily forgive their fund managers, nor will they quickly forget this wealth destruction.

Out of 416 open-ended, onshore equity funds, 401 have lost money this year. Tech funds, the only ones to have performed decently, have been helped by Asia's worst-performing currency of 2018. And that's only because Indian

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Sharp losses in the US markets, followed by Asian peers, hurt the sentiment in the domestic equities.

The government expects the markets to stabilize and the rupee to pick up after historic lows over the past few weeks, official sources told TheIndianSubcontinent on Thursday even as the markets crashed on a global selloff. "All options are a

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Cyclone Titli: The national weather office IMD had issued a red alert on Tuesday.

Indian Railways on Thursday announced a list of terminated, rescheduled and cancelled trains on account of Cyclone Titli. East Coast Railway (ECoR), an arm of the Indian Railways, cancelled at least eight trains and suspended services between Khurda Road in Odisha and

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Analysts, on average, had expected a profit of Rs 1,437 crore.

Consumer major Hindustan Unilever Ltd reported a 19.5 per cent rise in its September-quarter profit, beating analysts' estimates, as sales at its home-care segment jumped. Profit rose to Rs 1,525 crore ($207.08 million) in the three months ended September 30, compared with Rs 1,276

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FD interest rates vary according to the tenure of the fixed deposit and across banks.

Fixed deposits (FDs) are secure financial instruments which offer guaranteed returns. FD interest rates vary from one bank to another, depending on factors such as the term of fixed deposit. In a fixed deposit account, money is deposited for a specific time, which

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Washington: 

An orderly depreciation of the rupee would increase competitiveness and relieve some of the pressures in capital market, according to a top World Bank official, who described it as a "positive development" if done in the right way.

The remarks by Martin Rama, the Chief Economist for the South Asia region at the World Bank, came as the

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Stock Market on Friday: Forty six stocks on the 50-scrip Nifty index finished the session higher

Stock markets bounced back on Friday boosted by buying across sectors except IT, amid strong gains in the rupee. The BSE benchmark index, Sensex, ended 732 points higher at 34,733 while the NSE Nifty settled at

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GoAir's flight was welcomed with a grand water cannon salute upon its arrival at the Phuket Airport.

GoAir, which recently announced commencement of its international operations, today launched its first ever direct international flight to Phuket from Delhi. The new international schedule introduces direct flights connecting Phuket to Mumbai and

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INR Vs USD: Heavy losses in domestic shares also hurt the rupee sentiment.

The rupee touched a lifetime low of 74.48 against the US dollar on Thursday, reported news agency Reuters. Sustained capital outflows and sharp losses in stock markets weighed on the domestic currency, traders were quoted as saying in

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Addition of Rs. 398 plan to Airtel's prepaid portfolio comes amid high competition in the telecom sector.

Bharti Airtel has introduced a new prepaid recharge plan priced at Rs. 398. Under this recharge pack, the telecom operator offers unlimited calls and 1.5 GBs of data per day, among other benefits, for a total validity period of 70 days,

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TCS Results: Net profit came in at Rs 7,901 crore, compared with Rs 6,446 crore a year earlier.

The country's top software services exporter Tata Consultancy Services Ltd posted a record profit for the quarter ended September 30, boosted by strong revenue growth across its business and setting the tone for India's IT sector results. TCS, India's

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Amrapali group has informed Supreme Court that its seven properties in Noida, Greater Noida, Rajgir and Buxar in Bihar have been sealed, reports news agency Press Trust of India.

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SBI minimum balance rules: SBI this year slashed minimum balance penalty charges for customers.

State Bank of India (SBI), the largest lender of the country, levies certain charges on customers failing to meet its MAB or monthly average balance rules applicable to savings accounts. However, at the same time, it also provides several savings

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INR Vs USD: The rupee is down around 16% against the dollar so far this year

The rupee closed marginally higher against the dollar on Thursday. At 74.12 per dollar, the rupee registered a gain of 9 paise against the greenback for the day, as against the previous close of 74.21. The rupee touched a fresh

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Japan's Nikkei fell 4.4 per cent, the steepest daily drop since March.

Sydney/Shanghai: Asian share markets sank in a sea of red on Thursday after Wall Street suffered its worst drubbing in eight months, a conflagration of wealth that could threaten business confidence and investment across the globe. "Equity markets are locked in a sharp sell-off,

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However, such request can be granted once only, said IRCTC on its official website, irctc.co.in.

If you want a change in the name of a passenger on your e-ticket, IRCTC (Indian Railway Catering and Tourism Operation), which handles the catering, tourism and online ticketing operations of the Indian Railways, offers the facility of doing so. To

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It's not yet clear to what extent China will curb shipments of Iranian crude due to US sanctions.

US President Donald Trump is redirecting global oil flows.

West African and Latin American producers are sending ever-growing volumes of crude to China. America's exports to the Asian country have slumped in favor of its neighbors. There's an urgent

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Central bank rate hikes were a "necessary development", said IMF chief Christine Lagarde.

Central bank rate hikes were a "necessary development", International Monetary Fund chief Christine Lagarde said Thursday, a day after Donald Trump sent global markets tumbling by calling Fed increases "crazy".

"It is clearly a necessary development for those

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All sectoral indices, barring the Nifty IT, traded with gains on the NSE.

The domestic stock markets rebounded from Thursday's losses to post solid gains in early trade on Friday ahead of the release of key macroeconomic data. The S-P BSE Sensex opened at 34,291.92 and the Nifty50 of the National Stock

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IT major Tata Consultancy Services (TCS) on Thursday reported a net profit of Rs 7,901 crore for the July-September period. With that, the country's largest IT services exporter kicked off the corporate earnings season for India Inc.

Net profit logged a sequential - or quarter-on-quarter - growth of 7.6 per cent and annual (year-on-year) growth of

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Until 10:29 am, the Sensex had hit an intra-day low of 33,723.53 and the Nifty of 10,138.60.

The domestic equity markets caught on to the global fever as both the equity benchmarks cracked in early trade on Thursday. The S-P BSE Sensex sunk as much as 1,037.36 points and the Nifty50 hit 10,138.60 level,

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INR Vs USD: Higher opening in equity market also supported rupee's sentiment, said dealers.

MUMBAI: Continuing its recovery, the rupee Friday strengthened by 38 paise to 73.74 against the US dollar in early trade in the forex market after global crude prices eased.

Besides, dollar-selling by exporters and banks, the greenback's weakness against some

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Sovereign, however, remained steady at Rs 24,600 per piece of eight grams.

Gold advanced by Rs 130 to Rs 31,980 per 10 grams on Thursday following uptick in festive season demand from jewellers and retailers at the domestic spot market despite a weak global trend, reported news agency Press Trust of India. However, silver met with resistance at

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The rupee hit an all-time low of 74.45 against the US dollar on Thursday, reported news agency Press Trust of India (PTI). It opened weak at 74.37 and slipped further to quote a lifetime low of 74.45, depreciating 24 paise against the US dollar in early trade.   

On Wednesday, the rupee closed 18 paise higher against the dollar at 74.21 after

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MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2%.

The stock markets opened with a strong positive bias on Friday. The S-P BSE Sensex opened at 34,291.92 and the Nifty50 of the National Stock Exchange (NSE) at 10,331.55. In the first few minutes of the trade, the Sensex traded at 34,420.54, up 419.39 points or 1.23 per cent

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Indiabulls Housing Finance, Bajaj Finserv, SBI, Tata Steel and Hindalco were the top Nifty50 laggards

Stock markets registered sharp losses on Thursday, rocked by sell-offs across global markets spooked by escalating global trade tensions and warnings of a growth slowdown. BSE benchmark index Sensex declined

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By cutting short terms of CEOs of Axis Bank and Yes Bank, RBI sends a strong signal.

Change is coming to some of the country's top private banks as regulators shunt aside a previous generation of leaders in a bid to improve corporate governance and get to grips with a mountain of bad loans. By cutting short the terms of the chief executives of Axis

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India is trying to curb overseas shipments to prevent a further widening of the current-account deficit

The government is considering a proposal to increase import duties on a raft of products ranging from plastic to steel as it seeks to curb a ballooning current-account deficit and prop up a sagging rupee, people familiar with the matter said.

Prime

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The three directors will not be allowed any mobile phones or telephones without permission.

Three promoters of the beleaguered Amrapali Group will be kept at a Noida hotel under police surveillance for 15 days, the Supreme Court said on Thursday. The case relates to non-delivery of 42,000 flats of the Group. The three directors - Anil Kumar Sharma,

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Under its Rs. 289 prepaid recharge plan, Airtel is offering unlimited local, STD and roaming calls

Bharti Airtel has introduced a prepaid recharge plan priced at Rs 289. Under this recharge pack, the telecom operator offers unlimited calling and up to 4 GBs of data, among other benefits, for a total validity period of up to 84 days, according to

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