Business

Extending its rise to a second straight session, the rupee rose 17 paise against the US dollar to settle at 72.20 on Friday. The rupee touched its highest level in more than two weeks to return to 71 levels in intraday trade but gave up most of those gains by the end of the session. The government is planning to ask state oil firms to lock in

India's government is planning to ask state oil firms to lock in their crude futures purchase prices, a government source said on Thursday, anticipating a spike when U.S. sanctions on Iran snap back again in November.

The move would be another step to tackle a slide in

Investment in small savings schemes such as SCSS or Senior Citizen Savings Scheme will fetch higher returns from October 1. The government has announced up to 0.4 per cent increase in interest rates applicable to small savings schemes such as SCSS for the

Bank fixed deposits, the fixed income instruments that offer guaranteed returns, allow customers to make a lump sum investment and earn a fixed interest rate. Fixed deposits have a wide-ranging tenors ranging from seven days to 10 years, which means that you can

Shares of private sector lender Yes Bank tumbled as much as 34.03 per cent in early trade today. At 10:34 am, the stock was trading at Rs 256.15 on the BSE, down 19.58 percent or 562.35 points lower from the previous close. Shares of Yes Bank Ltd were on track for their

NEW DELHI: Prime Minister Narendra Modi said Thursday the size of Indian economy will double to $5 trillion by 2022 with manufacturing and agriculture contributing $1 trillion each. Speaking at the foundation laying ceremony of India International Convention and Expo Centre here,

MUMBAI: Weakness in the rupee does not offer a sufficient alibi for a rate hike and the Reserve Bank may go for a status quo at the policy review next month, a Japanese brokerage said Friday. The markets have priced in tightening as well, but it is

India's rupee may be set to recover as oil peaks out and investors realize the currency has been sold off too heavily amid the emerging-market rout, State Bank of India says.

The currency's recent slide is also likely to be self-correcting to some extent as its weakness will help boost

NEW DELHI: The government has set the dollar exchange rate at Rs 73.65 for import tax calculations effective September 21, compared with Rs 72.55 a fortnight ago, according to a finance ministry statement on Thursday.

The rupee, Asia's worst

New Delhi: Fitch Ratings on Friday upped India's growth forecast for the current fiscal year to 7.8 per cent, from 7.4 per cent projected earlier. The global ratings agency, however, flagged tightening of financial conditions, rising oil bill and weak bank balance

Benchmark equity indices opened on a positive note on Friday. At 9:20 am, the S-P BSE Sensex climbed 270.10 points or 0.73 per cent to trade at 37,391.32. The broader Nifty50 was trading at 11,308.95, up 74.60 points or 0.66 per cent. Asian stocks extended gains on Friday after Wall Street's S-a

The interest rate on Public Provident Fund (PPF) account has been revised to 8 per cent for the October-December quarter, the Ministry of Finance said in a statement on Thursday. PPF accounts are an investment avenue with decent returns coupled with income

Gold prices rose by Rs 50 to Rs 31,700 per 10 gram at the bullion market on Friday, reported news agency Press Trust of India (PTI). The strengthening in gold prices came in line with a firming trend overseas amid increased buying by local jewellers.  According to traders, gold edged up in

The Indian rupee advanced by another 53 paise to trade at over a two-week high of 71.84 against the US dollar in early trade on Friday at the Interbank Foreign Exchange, reported news agency Press Trust of India (PTI). According to forex dealers, the dollar's weakness against

The government has hiked interest rates on fixed deposits (FD) and recurring deposits - along with the interest rates on other small saving schemes - for the quarter ending December 2018. FD interest rates have been hiked across maturities of one year, two years,

Domestic stock markets nosedived on Friday, before recovering most of those losses towards the end of the session. BSE benchmark index Sensex closed 279 points, or 0.8 per cent, to end at 36,841 while the NSE Nifty settled 91.25 points to end at 11,143. During the session, t

Siyaram, the 30-year old menswear fashion brand, has roped in Bollywood actor Ranveer Singh as its brand ambassador, according to a report by news agency Indo-Asian News Service (IANS). Siyaram Silk Mills Limited, which owns the brand, is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Siyaram's said that

Kisan Vikas Patra (KVP), a small savings scheme, now offers a higher rate of interest than what it used to offer before. The government has announced hikes in interest rates across small savings schemes such as Kisan Vikas Patra (KVP) by up to 0.4 per cent. From October 1, savings scheme KVP will offer an annual return of 7.7 per cent, according

As housing finance companies led a panic selloff on Dalal Street in Friday's trade, Dewan Housing Finance Corp Ltd (DHFL) stocks were among the worst-hit on reports that the company had exposure to debt-hit Infrastructure Leasing - Financial

Mumbai: Amazon and private equity firm Samara Capital are making a joint investment that will give the online retail giant a stake in Indian supermarket chain More, the US company said on Thursday.

The investment is Witzig Advisory Services, which is owned by Samara Alternative Investment Fund, Amazon said without divulging financial details or the

Gold prices lowered by Rs 10 to Rs 31,650 per 10 grams at the bullion market on Thursday, reported news agency Press Trust of India (PTI). Weak demand from local jewellers amid subdued trend overseas led to fall in gold prices, said forex dealers. However, silver

The broader Nifty50 cracked below 11,000 today.

Rupa - Company on Thursday announced actor Anushka Sharma as brand ambassador for its leggings brand Softline. Calling Anushka Sharma "an organic fit to represent the brand", Kolkata-based Rupa - Company said in a filing to stock exchange BSE that her "youthfulness and passion resonates well with the overall consumer psyche". The knitwear c

Kaushik Chatterjee, a former employee of Mumbai-based Capri Global Capital, was arrested late on Wednesday on allegations of fraud. His arrest came after a police complaint filed by Capri Global Capital alleged fraud worth more than Rs 4.5 crore against Mr

The money invested in NSC or National Savings Certificate will earn a higher return from next month. The government has announced up to 0.4 per cent increase in interest rates applicable to small savings schemes such as the National Savings Certificate.

Small finance banks offer attractive interest rates across various forms of deposits. Interest rates of small finance banks are much higher than larger peers like State Bank of India (SBI), HDFC Bank and ICICI Bank. Interest rates of small finance banks like AU Small

India is likely to announce on Thursday curbs on imports of "non-essential" items to support the rupee, two government sources said, as Prime Minister Narendra Modi's administration scrambles to tackle growing concerns over the economy.

A third government source said India may raise import

Petrol prices were increased by the oil marketing companies (OMCs) on Friday in four metropolitan cities. However, rates of diesel were kept stable for a third consecutive day. In Delhi, petrol prices rose by 10 paise per litre. In Mumbai, the price of petrol

There are over 1,100 government job openings across various departments, the centre said on Thursday. According to an official statement issued by the Ministry of Personnel, Public Grievances - Pensions, the Staff Selection Commission (SSC) has

SpiceJet has announced new direct flights on domestic and international routes, said the carrier on its official website- spicejet.com. The new flights will run between Mumbai and Kanpur, Delhi and Kishangarh, Hyderabad and Bangkok, Amritsar and Bangkok, Delhi and Shirdi, Kolkata and