Business

UK pharmaceutical giant GlaxoSmithKline Plc has requested bids by mid-September for its $4.3 billion Indian consumer-health unit, which owns the popular malted milk brand Horlicks, people with knowledge of the matter said.

Glaxo has sent out an

Domestic stock markets settled Tuesday's session on fresh closing highs after touching life-highs earlier in the session. Breaking its previous record closing of 11,551 hit on Monday, the NSE's Nifty50 index climbed 19.15 points or 0.17 per cent to

Have you filed your ITR or income tax return this year The last date for filing of income tax return for assessment year 2018-19 (financial year 2017-18) is August 31, 2018. Can you file your income tax return after the August 31 deadline Yes, but doing so will attract a penalty amount ranging from Rs 5,000 to Rs 10,000 depending upon the degree

NEW DELHI: Repayment of funds, which were raised from overseas market in 2013, has been the main reason for rupee depreciation in the past few months, a senior Finance Ministry official said on Tuesday. However, the official maintained that there has been a

Billionaire Pallonji Mistry has about 85 percent of his estimated $19.9 billion fortune locked up in a legal battle with India's largest conglomerate.

The conflict between Mistry and the Tata Group began with a boardroom coup in 2016, when the former's son

The rupee on Monday gained 33 paise from its life-time closing low of 79.15 to close at 69.82 against the US dollar. The rupee traded in the range of 69.86-69.60 against the greenback, before finishing the session 33 paise higher. The gains for the rupee came amid

Gold prices edged up by Rs 180 to Rs 30,600 per 10 gram at the bullion market on Tuesday, reported news agency Press Trust of India (PTI). More buying by local jewellers amid festive cheer coupled with firm global cues rose gold prices today. On the other hand, silver prices

AirAsia is offering overseas flight tickets under Rs 4,000 on select routes under a special 'Thailand on Sale' promotional offer. According to the official website of AirAsia- airasia.com, customers can book tickets till August 26, 2018 in order to avail the offer. The travel period of

Domestic gold prices declined on Monday while silver prices gained moderately. In the international markets, however, gold prices recovered from the 19-month low levels hit last week. "Although it has been a tough time for countries due to trade war related

Indian Railways offers the facility of transferring a confirmed ticket to somebody else by submitting a request at least 24 hours in advance of the scheduled departure of the train. According to railway's website- indianrailways.gov.in, a person holding a confirmed

Guwahati: The central government has earmarked around Rs 1,000 crore for implementation of various schemes for Micro Small and Medium Enterprise (MSME) in the Northeast region during the current financial year, said an official on Monday.

Director of Micro, Small - Medium Enterprise-Development Institute, M Sreenivasulu, told the media here

Fixed deposits or FDs offer assured rates of return. FD interest rates are fixed over a specific period of time. Thus, even in times of market volatility, FD investors can be sure of earning fixed returns on their investment. FDs are also popular among customers because of the ease with which they can be created. Most banks these days allow the

If you haven't filed your income tax year yet, you have less than two weeks to do so. The Income Tax Department has provided online facilities - through its e-filing portal incometaxindiaefiling.gov.in - for individuals to file their ITR or income tax return fo

India Post, which also offers banking services besides postal services, offers several savings schemes for small savers. Much like banks, post offices across the country offer the facility of fixed deposits and recurring deposits. The monthly income scheme or

Stock markets scaled fresh record closing highs on Monday. BSE benchmark index Sensex gained 330 points to close at a record 38,278, and the NSE Nifty settled 81 points higher at 11,551. Advances in metal, infrastructure and auto stocks pushed the markets higher while gains in other Asian markets also supported the sentiment. Top gainers on the

The rupee (INR) closed nearly unchanged at 69.81 against the US dollar (USD) on Tuesday. That marked only a marginal recovery against the greenback, a day after the rupee posted its biggest single-day gain in seven weeks. The rupee has bounced back a

NEW DELHI: Mukesh Ambani-led Reliance Jio has been ranked the top company globally in the Fortune''s fourth annual "Change The World" list released on Monday.

The list ranked companies as per their profit motive to help the planet and tackle

Private equity firm TPG Capital is considering investing in Jet Airways Ltd but is not close to finalising a deal, two sources with knowledge of the matter said, a plan that could raise money for the beleaguered airline.

The investment could be more than $100 million but discussions are at an early stage and the size of the stake and the investment

Budget passenger carrier IndiGo is operating three daily additional relief flights to and from Kochi naval base in view of the current flood situation in Kerala, said the carrier in a press release issued on Monday. IndiGo's additional relief flights will be operated

The central government has exempted the basic customs duty and goods and services tax (GST) on goods imported or supplied to support the relief operations in flood-hit Kerala. The devastating Kerala floods have claimed the lives of 223 people till August 20. Finance

Ride-hailing company Ola began operating in south Wales on Monday ahead of a planned expansion across Britain by the end of the year, intensifying its battle with US rival Uber.

Britain is Ola's second venture into a foreign market after it started

Telecom operator Bharti Airtel is offering special Amazon Pay gift card worth Rs 51 to its mobile customers as part of its 23rd anniversary celebrations, said the company in a press release. Amazon Pay is a convenient way to pay digitally on and off Amazon. Customers can

MUMBAI: Extending its rising streak for the second day, the rupee appreciated 24 paise against the US dollar to 69.58 in early trade on Tuesday amid weakness in the greenback against other currencies overseas.

The American currency witnessed selling by exporters and banks

Most Asian currencies started the week on a high note after news of impending lower-level trade talks between the United States and China returned risk appetite to regional markets. China's yuan and the rupee led gains against a broadly weaker dollar. The greenback was flat on

Fixed deposits of small finance banks offer higher interest rates than larger peers like State Bank of India (SBI), HDFC Bank and ICICI Bank, all of which recently hiked their FD interest rates. Small finance banks cater to niche customers,

The domestic equity benchmarks traded on negative-to-flat notes after hitting fresh highs on Tuesday. The S-P BSE Sensex and the NSE Nifty50 hit fresh record highs of 38,402.96 and 11,581.75 in intra-day trade. At 10:34 am, the 30-share Sensex traded at 38,311.78, up

ATHENS: Greece has successfully exited its final, three-year bailout programme, agreed in August 2015 to help it cope with the continued fallout from a debt crisis, the euro zone's ESM rescue fund said on Monday.

"Today we can safely conclude the ESM programme with no more

LIC Housing Finance (LICHFL) has invited online applications for 300 positions across states. Selected candidates will be appointed for the positions of assistant, associate and assistant manager at a monthly salary ranging from Rs 22,257 to Rs

Chennai: Even as different estimates of losses suffered by Kerala in the monsoon floods are doing the rounds, general insurance experts on Monday said that there will certainly be an increase in the premium charged by reinsurers for covering

AirAsia India is offering flight tickets between Bengaluru and Trivandrum amid the devastating Kerala floods. Customers can book flights from today till August 26. The travel period to avail AirAsia's flight tickets between Bengaluru and Trivandrum is