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Jet Airways is offering a 10 per cent discount on all flight tickets to celebrate the Indian cricket team's victory in Asia Cup. The premier full-service airline is offering seven "lucky" passengers a free upgrade to premiere class and another seven guests a 50 per

The iconic Taj Mansingh hotel in Lutyen's Delhi was retained by the Tata group in an auction by the New Delhi Municipal Council (NDMC) on Friday, official said.

The auction had been pending since the lease expired in 2011. The lease for the property will be granted to

INR vs USD: On Thursday, the rupee closed flat at 72.59 against US dollar.

NEW DELHI: The government is monitoring the situation of debt-ridden IL-FS and would take appropriate action to ensure that there is no undue impact on the financial system, Economic Affairs Secretary S C Garg said Friday. Debt defaults by

Interest rates on fixed deposits or term deposits are revised by commercial banks from time to time. Interest rate on an FD - which is a fixed income instrument - varies from one bank to another, depending upon factors such as MCLR (marginal cost of funds-based lending rate), maturity period or term and the deposit amount. Major public sector

New Delhi: State-run Punjab National Bank's board on Thursday approved a proposal for capital infusion of Rs 5,431 crore from the central government by way of preferential issue of equity shares.

Following the board meeting, the PNB said in a regulatory filing

The rupee edged higher against the US dollar on Friday amid a volatile session. After opening marginally higher against the greenback, the rupee dipped to 72.65 but recovered from those levels before settling 11 paise higher at 72.48 for the day. With that, the rupee closed the month with a loss of 2.1 per cent. The government announced a

Extending fall for a third day in a row, gold prices dropped on Friday on weak global cues and lacklustre local demand. Firming of the US dollar amid positive US economic data numbers after the US Federal Reserve indicated further rate hikes, pushed the gold prices down, traders

The government's decision to raise import duty on nineteen high-end consumer items including washing machines, air conditioners, footwear and diamonds has led to worries about prices of these items going up. The government has also introduced import duty on aviation turbine fuel (jet fuel) and that is definitely going to affect flyers. But experts

Mumbai: Life Insurance Corporation is open to participating in a rights issue by debt-ridden Infrastructure Leasing - Financial Services (IL-FS), the insurer's chairman VK Sharma told reporters on Friday.

IL-FS is a major Indian infrastructure finance and construction company, which has built up big debts and is now facing a credit

Domestic stock markets closed lower for the third straight session, as caution prevailed ahead of the bi-monthly policy meeting of the Reserve Bank of India (RBI) due next week. The S-P BSE Sensex declined 97.03 points, or 0.27 per cent, to end at 36,227.14

Manzoor Ahmad lost his job as an electrician and is struggling to make ends meet after a crucial road tunnel project shut down in Srinagar, Jammu and Kashmir.

Construction of the Z-Morh tunnel came to a halt two months ago after Infrastructure

MUMBAI: The Reserve Bank of India (RBI) Friday met the large shareholders of debt-laden Infrastructure Leasing - Finance Services (IL-FS) to decide on revival and capital infusion plans for the company, sources said. Deputy governors NS Vishwanathan and MK Jain have met the

Yes Bank shares touched their two-and a half-year low levels on Friday, before ending over 9 per cent lower, amid uncertainty around the tenure of the lender's CEO, Rana Kapoor. The private sector bank's board had said earlier this week that it would

The rupee closed nearly unchanged against the US dollar on Thursday, amid mild gains in emerging market peers. The currency gained some ground early in the session but gave up those advances to settle at 72.59 for the day, as against 72.60 the

KOLKATA: The Reserve Bank of India (RBI) has withdrawn the general permission given to Bandhan Bank to open new branches and it can now do so only with prior approval of the central bank.            

In a communication to the BSE on Friday, the bank said, "RBI has communicated

NEW DELHI: GST Council, the highest decision making body of the Goods and Services Tax regime, Friday decided to set up a seven-member Group of Ministers to suggest on cess demand for Kerala flood rehabilitation.

Briefing reporters after the 30th

The Reserve Bank of India (RBI) has cancelled a meeting with the shareholders of debt-laden Infrastructure Leasing and Finance Services (IL-FS) on Friday, according to banking sources.

The central bank had called a meeting with key shareholders of IL-FS, including Life Insurance Corporation of India (LIC) and State Bank of India,

Infrastructure Leasing - Financial Services (IL-FS) has paid all its remaining balance of Rs 300 crore to LIC Mutual Fund, the fund house said on Friday. "We at LIC Mutual Fund would like to reiterate our earlier statement that there was no default in our LIC MF (mutual fund) schemes. We at LIC Mutual Fund would like to confirm having

Petrol and diesel prices were increased marginally on Friday. A litre of petrol touched Rs 90.57 per litre in Mumbai, while the price of diesel was revised to Rs 79.01 per litre, according to a notification by Indian Oil Corporation, the country's largest fuel

World trade growth is likely to be slower than previously thought in 2018 and 2019, although the direct economic effects of a trade war that has blown up this year have been modest so far, the World Trade Organization (WTO) said on Thursday.

The WTO forecast world trade in goods would grow by 3.9 per cent this year, less than the 4.4 per

NEW DELHI: Economic Affairs Secretary S C Garg Friday announced reduction in gross borrowing estimate for the current fiscal by Rs 70,000 crore and maintained that the government will contain fiscal deficit target at 3.3 per cent. Giving details

India is beginning to feel the heat of global trade tensions and tighter monetary conditions at home, as rising oil prices and waning consumption threaten to muzzle animal spirits in the world's fastest-growing major economy.

Demand for services and manufactured goods slowed in August,

Domestic carriers are unlikely to face a significant hit from the government's decision this week to impose a tariff on jet fuel, as imports account for less than 5 per cent of domestic jet fuel consumption.

Government data reviewed by Reuters showed

Infibeam Avenues Ltd. lost 71 percent of its market value on a single day after a WhatsApp message circulating among traders raised concerns about the e-commerce company's accounting practices.

Speculation mounted before a shareholder meeting on

Indian authorities have spent the week containing the collateral damage from a major infrastructure lender struggling to service $12.6 billion in debt. Next up: Figuring out why the nation's credit rating agencies didn't see the crisis coming.

IL-FS Group is a vast

Mumbai: Led by steel firms, India Inc is likely to double its revenue growth in the second quarter of fiscal year 2019, primarily due to base effect, according to a report by credit ratings agency Crisil.

Corporates are set to log in a topline growth of 12.1 per cent in the September quarter, up from 6.4 per cent in the corresponding period last

When even a 24-year-old Indian entrepreneur has no difficulty raising $1 billion in a day from global investors, it's easy to forget that it wasn't always like this.

Only two decades ago, a storied Mumbai financier could get away with raising $25 million of debt for a client, giving it just about half of that money five years later, and making the

Domestic stock markets started Friday's session on a positive note but soon pared early gains and turned slightly negative. At 10:10 am, the S-P BSE Sensex slipped 32.79 points, or 0.46 per cent, to trade at 36,291.38. The broader NSE's Nifty50 was tr

Amid high competition, airlines are looking at ways to increase customer base by offering discount on flight tickets and announcing new flight services. SpiceJet, IndiGo and Jet Airways recently introduced new flights on different routes. SpiceJet on Thursday announced a daily non-stop flight