Business

MUMBAI: The rupee on Monday recovered from its all-time low by rising 38 paise to 69.77 against the US dollar in early trade at the Interbank Foreign Exchange market on fresh selling of the greenback by exporters and banks ahead of US-China trade talks this week.

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Fixed deposits (FDs) are secure financial instruments, which offer guaranteed returns. FD interest rates vary according to the tenure of the fixed deposit and across banks. In a fixed deposit account, money is deposited for a specific time, which

Mumbai: The country's forex reserves have declined by $25.147 billion between April 13 and August 10, with the rupee on a downward spiral since the beginning of the year forcing the Reserve Bank of India to sell dollars to defend the local currency.

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The domestic stock market traded on firm footing as both the key equity benchmarks hit fresh highs on Monday. After opening above the crucial 11,500 mark for the first time ever, the Nifty hit a record high of 11,545.30. The S-P BSE Sensex also reached a fresh

Indian Railways operated Southern Railway has mentioned a list of trains, on it's twitter handle, which are terminated, rescheduled, cancelled or partially cancelled today i.e. on August 18 on account of Kerala floods. Due to heavy rains, land slips, flash floods and closure

ICICI Bank on Friday announced its decision to waive off penalties on late payment of loan EMIs by its customers in Kerala this month. The initiative was aimed at providing support to its customers in flood-hit Kerala. That means borrowers of home l

Telecom operators are offering a number of prepaid recharge plans for their subscribers. Mukesh Ambani-owned Reliance Jio offers 1.5 GB data per day to 5 GB data per day, under it various prepaid recharge plans. Vodafone India and Bharti Airtel also offer

Kolkata: The rupee, which has taken a severe battering of late, is expected to stabilise at 68-69 per US dollar level riding on positive capital inflows this month, Economic Affairs Secretary Subhash Chandra Garg today said. The rupee is already Asia's worst performing

Reliance Jio has announced a flash sale of JioPhone 2 on August 30. The upcoming flash sale will begin at 12:00 pm on Thursday, August 30, according to the telecom company's website - jio.com. That will mark the second flash sale of JioPhone 2 - an

Budget carrier IndiGo has come up with an offer for senior citizens and is offering a six per cent discount on booking of domestic flight tickets. The discount would be applicable on base fare, said the country's largest airline on its website -- goindigo.in.

Airlines have come up with various discount offers on domestic and international flight tickets and also on seat selections. AirAsia India is offering up to 45 per cent discount on domestic flight tickets under its special Independence Day sale. It is also offering up to 45 per cent discount on international flight tickets. State-run carrier Air

Guwahati: Income Tax collection in the country stood at a record Rs 10.03 lakh crore during 2017-18, the Central Board of Direct Taxes (CBDT) today said. Addressing a two-day conference of Income Tax Administrators of Eastern Zone here, Shabri Bhattasali, Member of CBDT said that

State Bank of India (SBI) offers Flexi Deposit Scheme for customers. This product is similar to recurring deposit (RD) but instead of a single fixed instalment every month, user can decide to vary his/her instalment amount and even the number of monthly within the annual sum defined,

Budget passenger carrier IndiGo has announced operation of additional flights on account of Cochin airport remaining closed in view of the unprecedented floods in Kerala, a press release issued by the carrier said. IndiGo's additional flights will be

An RD or recurring deposit is a kind of term deposit wherein a fixed amount of money is deposited at fixed intervals, which generates interest income. On maturity, the depositor is paid a lump-sum amount which includes his/her periodic investments and the interest

Mumbai: Fears over a rise in global protectionist measures, along with rupee movement and direction of foreign funds, are likely to chart the course of major domestic equity indices during the week starting on August 20. "Global risk will

The launch of India Post Payments Bank (IPPB) is being rescheduled in the wake of the seven-day national mourning to pay homage to former Prime Minister Atal Bihari Vajpayee, said media reports. Prime Minister Narendra Modi was supposed to launch IPPB on August 21.

Indian Railways has recently revamped train journey by introducing different types of coaches and trains. Currently, Indian Railways runs about 3,500 reserved trains which include Gatiman Express, Rajdhani Express, Humsafar Express, Tejas Express, Duronto Express,

Jet Airways will be operating additional domestic flights to Thiruvananthapuram from Mumbai, Bangalore, Dubai and Dammam from August 19 for the convenience of its guests, said the country's second largest airline in a statement. Operations at Cochin International Airport have been

Indian Railways offers the facility of preponing and postponing the date of a journey of a ticket booked at a station counter, as mentioned on railway portal- indianrailways.gov.in. The date of journey on confirmed/RAC (Reservation Against Cancellation)/waitlisted tickets can be

New Delhi/Bengaluru: The government on Friday allowed import of petroleum coke or petcoke for use as feedstock in some industries, sending shares of cement manufacturers higher. Cement companies, which account for about three-fourths of the country's petcoke use, were impacted by petcoke-related policy flip-flops, which began with a Supreme Court

Southern Railway, one of the divisions of Indian railways, informed about the list of trains which are terminated, rescheduled or cancelled today due to heavy rains in Kerala on microblogging website Twitter. Due to heavy rains, land slips, flash floods and closure of section between

Infosys Ltd announced that the board at it's meeting on Saturday accepted the resignation of M D Ranganath, as the Chief Financial Officer (CFO) and key Managerial Personnel of the company. Ranganath will continue in his current position as Chief Financial Officer till November 16, 2018.

State Bank of India (SBI), the largest country's lender offers certain accounts where average monthly balance (AMB) rule is not applicable. These accounts are known as zero balance savings accounts and does not require customers to maintain any

Oil Marketing Companies (OMCs) hiked the prices of petrol and diesel in four metro cities on Sunday. Petrol can be purchased at a price of Rs. 77.40 per litre in Delhi, Rs. 84.82 per litre in Mumbai, Rs. 80.34 per litre in Kolkata and Rs. 80.40 per litre in Chennai. Petrol prices were

State Bank of India (SBI), country's largest bank on basis of its assets, offers loan against Fixed Deposit (FD) account at relatively lower interest rates than those charged on normal loans, said the lender on it's corporate website- sbi.co.in. SBI's loan against f

Domestic stock markets surged on Friday, backed by banking, FMCG and metal stocks while advances in other Asian peers supported sentiment. BSE benchmark index Sensex rose 284.34 points to end at 37,947.88 while the NSE Nifty advanced 85.70 points to settle at a record 11,470.75. The Nifty surpassed its last record closing high of 11,470.7

Walmart Inc on Saturday announced that it has completed the $16-billion deal with Flipkart to become the largest shareholder in the Indian e-commerce firm. In a statement, Walmart also announced an investment of $2 billion to help accelerate the growth

Petrol prices were increased while diesel prices were kept unchanged on Saturday by the Oil Marketing Companies (OMCs). Petrol is retailing at a price of Rs. 77.28 per litre in Delhi, Rs. 84.71 per litre in Mumbai, Rs. 80.22 per litre in Kolkata and Rs. 80.28 per

Mumbai: Beleaguered carrier Jet Airways is in advanced stage of discussions with TruJet to sublease up to seven of its ATR planes to the regional carrier as it seeks to reduce costs and mop up additional revenues amid cash drought, according to an industry source.

These planes are likely to be subleased with its complete crew, maintenance and