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The government must restrict imports of luxury goods to tackle a widening current-account deficit and support the rupee, instead of resorting to raising interest rates, according to an adviser to Prime Minister Narendra Modi.

"We need to actively send signals to disincentivize or discourage increase in consumption of what I describe as explicit

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The price of PNG in Noida, Greater Noida and Ghaziabad have also been raised.

State-run Indraprastha Gas Ltd (IGL) has raised the price of compressed natural gas (CNG) by Rs 1.70 per kg and of domestic piped gas by Rs 1.30 per standard cubic metres (scm) in Delhi, effective Monday, following a change in the rate of domestic natural gas prices

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The travel period of the scheme is applicable till March 31, 2019, said GoAir.

GoAir is offering flight tickets at a starting all-inclusive price of Rs 999 under its special 'Weekend Delight' scheme. The booking period of the offer ends on September 30, 2018. The travel period of the scheme is applicable till March 31, 2019, according to GoAir's

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Gold, silver prices today: On Saturday, gold bounced back by Rs 250 to Rs 31,550 per 10 gram.

Gold prices slipped by Rs 75 to Rs 31,475 per 10 gram at the bullion market on Monday in line with weak global trend, reported news agency Press Trust of India (PTI). According to traders, gold and silver prices declined on the back of weak trend overseas.

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The Reserve Bank of India (RBI) said on Monday it would pump 360 billion rupees ($4.95 billion) into money markets in October in its latest attempt to stem fears of a cascading credit crunch, pledging to buy back bonds after the government dramatically reduced its own borrowing by 700 billion rupees on Friday.

Bond yields dropped sharply on Monday

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Tata Steel had earlier said there was a lot of synergies in taking over Bhushan Steel.

After acquiring debt-laden Bhushan Steel through the insolvency and bankruptcy process, Tata Steel is now aiming to raise its production to 4 million tonne (MT) by the end of the current fiscal, an official said. Bhushan Steel's Odisha plant is presently

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IL-FS has a debt pile of over Rs 91,000 crore.

Crisis-hit IL-FS will be taken over by the government as debt defaults by the infrastructure group have led to fears of contagion in the markets and a liquidity crisis.

The National Company Law Tribunal (NCLT) on Monday ordered the IL-FS (Infrastructure Leasing and Financial Services) board

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INR Vs USD: Rupee has weakened by more than 12 per cent this year.

The rupee declined against US dollar on Monday, despite measures announced by the central bank to support the currency. The rupee dipped by 36 paise to 72.84 against the US dollar, reported news agency Press Trust Of India (PTI). The Reserve

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Elon Musk is now required to step down as chairman of Tesla within 45 days.

The U.S. Securities and Exchange Commission said on Saturday that car-maker Tesla and Chief Executive Elon Musk had agreed to pay $20 million each under a settlement that will also see the billionaire step down as chairman after a tumultuous two months for the company.

But

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Share markets on Monday: Twenty two out of 30 Sensex stocks finished the session in the green.

Domestic stock markets closed on a positive note on Monday amid rise in country's manufacturing sector activity in September. The S-P BSE Sensex climbed 299 points, or 0.83 per cent, to end at 36,526.14. The NSE Nifty50 index rose 77.85 points or 0.71

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Share markets on Monday: Nineteen out of 30 Sensex stocks were trading in the red in morning session.

Domestic stock markets started the week on a choppy note despite sharp gains in global markets. BSE benchmark index Sensex jumped as much as 240 points to touch 36,467.61 while the broader NSE Nifty climbed 56 points to hit 10,986.65 in late

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Nifty50 is likely to receive support at 10,850 points, said Deepak Jasani, HDFC Securities.

MUMBAI: The Reserve Bank of India (RBI)'s monetary policy review along with release of key macro data points and concerns regarding the stability of the NBFC segment will influence the trends on key equity indices next week. According to analysts, high crude

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Diesel in Mumbai costs Rs 79.72 per litre at IOC outlets and Rs 79.79 at BPCL outlets.

Petrol price Monday crossed the Rs 91 per litre mark in Mumbai while domestic cooking gas LPG rates breached the Rs 500 per cylinder level for the first time ever. Crude oil prices hit a four-year high which pushed domestic fuel prices to new all-time highs.

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New Delhi: Subsidised cooking gas (LPG) price Sunday hiked by Rs 2.89 per cylinder to Rs 502.4 per cylinder. The price of non-subsidised LPG at Delhi will increase by Rs 59.00 per cylinder in October 2018 mainly due to change in international price and foreign exchange fluctuations, Indian Oil Corporation (IOC) said in a statement.    

The actual

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Vijay Mallya's firm that had a stake in Force India, is subject to freezing order in favour of 13 banks.

LONDON: One of the two main bidders, keen to acquire embattled businessman Vijay Mallya's Force India Formula One racing team after it went into administration, has claimed that a consortium of 13  banks lost out on estimated 40 million pounds

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The government has moved National Company Law Tribunal (NCLT) for change of management at the crisis-hit IL-FS, according to a senior official. Debt defaults by certain group entities of diversified IL-FS have triggered fears of liquidity crisis in the financial markets and the RBI has been taking steps to improve the overall cash

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Retirement Planning: The key to a successful retirement life lies in sowing a seed in adulthood.

Retirement brings the onset of the winter of life. You are no longer in active service, there is no regular source of income and even your health may start failing. But proper financial planning can ensure a steady flow of income in post-retirement

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Petrol, diesel rates on Sunday came into effect from 6 am.

Petrol and diesel prices were further raised on Sunday by up to 17 paise across the four metro cities. A litre of petrol was sold in New Delhi for Rs 83.49, in Kolkata for Rs 85.30, in Mumbai for Rs 90.84, and in Chennai for Rs 86.80, Indian Oil Corporation (IOC) data showed. A litre of

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Initiating a fresh round of action, the Enforcement Directorate Monday said it has attached assets worth Rs 637 crore of absconding jeweller Nirav Modi and his family in India and four other countries in connection with the USD 2 billion alleged fraud in the PNB. 

The agency said the properties, jewellery, flats and bank balances are in India, UK

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Weakness in the rupee makes imports costlier for domestic companies.

Diwali shopping must be on your mind but there is something that might derail your plans. The prices of air conditioners (ACs), washing machines, speakers, refrigerators and other key items like footwear and tableware may pinch you harder than before. The cost of these items is

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Fuel Rates On Saturday: In tandem with petrol, price of diesel also rose to hit new highs.

NEW DELHI: Fuel prices in the country continued their upward movement on Saturday, with petrol costing nearly Rs 91 a litre in Mumbai.

In Mumbai, the country's financial capital, petrol was priced at Rs 90.75 per litre, up from Rs 90.57 on Friday, data on the

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The weaker rupee and oil - country's biggest import - pose a serious upside risk to inflation.

Factory activity expanded more quickly in September on strong domestic and export order growth, a business survey showed, a welcome sign of strength as policy makers worry about a sharp drop in the rupee and fallout from global trade frictions.

Taken

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Despite low rainfall overall, the distribution was erratic.

Rainfall in country's annual monsoon season was below average and less than forecast, with key crop-growing northern states among areas that received less rain than needed, weather office said on Sunday.

Rains were 91 percent of the long-term average at the end of the July-September monsoon

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Gold Prices Today: Positive global trend and strong local buying supported the uptrend.

Gold prices recovered on Saturday after falling for three consecutive days. A positive global trend and strong buying in the local market supported the uptrend in gold prices. Silver prices also rose backed by increased offtake by industrial units and coin

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Shareholders also cleared an increase in the company's share capital.

Country's troubled Infrastructure Leasing and Financial Services Ltd (IL-FS), whose recent defaults have roiled domestic markets, said on Sunday its shareholders have approved a plan allowing it to raise fresh funds through debt and equity issuances.

The shareholder approval

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Circular journey tickets can be purchased for second and sleeper classes.

Indian Railways' circular journey tickets offer unique travel flexibility, as they are issued for all journey (other than regular routes) which begin and end at the same station, said Indian Railways on its portal- indianrailways.gov.in. Circular journey tickets can be

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IL-FS has a debt burden of over Rs 90,000 crore.

Revealing a three-part strategy, debt-hit Infrastructure Leasing - Finance Services (IL-FS) said on Saturday that it needs to have a successful rights issue to recapitalise itself. In August, IL-FS's board approved a Rs 4,500-crore rights issue

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Bandhan Bank shares plunged to their lowest since March debut on Monday after the central bank withdrew permission to open new branches and froze chief executive's salary, as the banking regulator tightens its grip over the country's crisis-hit financial sector.

The Reserve Bank of India (RBI) clamped down on the lender, majority owned by Bandhan

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Air India is staying afloat on a bailout package extended by previous UPA regime in 2012.

The total outstanding of cash-strapped Air India towards government for VVIP charter flights stands at Rs 1146.86 crore, according to the latest response from the national carrier to an RTI application. 

According to the details furnished by the Air India on

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Travel period of Wow Air offer on flight tickets is from December 7, 2018 - February 10, 2019.

Wow Air, the Iceland-based airline, which is launching its India operations in December, said it is offering a 40 per cent discount on international flight tickets. Wow Air's discount, which can be availed via a promo code, is valid until midnight Monday

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