Business

Axis Bank posted a smaller-than-expected drop in quarterly profit on Monday as the country's third-biggest private sector lender by assets earned more from interest-bearing assets.

Loans grew 14 per cent from a year earlier, driven by retail and

The domestic stock market indices closed Monday's session on a strong note. The S-P BSE Sensex rallied 157.55 points, or 0.42 per cent, to close at 37,494.40. That marked a fifth consecutive record closing high for the 30-scrip BSE benchmark index. The NSE's N

Mumbai: The upcoming monetary policy review coupled with the ongoing financial results season and key macro-economic data points will influence the trajectory of key equity indices in the week ahead, analysts opined. According to market observers,

Jet Airways is introducing new flights within India at a starting price of Rs 2,399. According to the carrier's official website- jetairways.com, special fares are applicable in economy classes of airline's new flights. In order to avail the offer, travel must commence on or

Indian Railways currently offers concessions on ticket prices to 53 different categories, the quantum of which ranges from 25 per cent to 100 per cent, as mentioned on Railways official portal- indianrail.gov.in. For offline tickets, the reduction in

State Bank Of India (SBI) offers an instant money transfer (IMT) facility which enables its customers to transfer funds to anybody, anywhere, anytime. Only the beneficiary's, or receiver's, mobile number, name and address are required to be known to the

State-owned carrier Air India has sought Rs 2,121 crore ($309 million) of additional equity from the government for the fiscal year 2018-19 to make pending payments to its vendors, a source at the airline told Reuters on Monday.

Air India owes about Rs 1,800 crore to its vendors, including lessors and banks that have demanded payment from the

State Bank of India, the largest lender of the country, has revised its fixed deposit (FD) interest rates with effect from today. FD interest rates have been revised across various maturities, amounts and for both general and senior citizens, stated SBI's

Recurring Deposit (RD) is a kind of term deposit, which helps people to deposit a fixed amount into their RD account. Small finance banks generally offer higher interest rates as compared to many leading banks. Small finance banks are banks, which

The post office - under India Post - offers several kinds of accounts for making investment today. India Post, which has a network of more than 1.55 lakh post offices across the country, offers a variety of banking and remittance services, other

Petrol and diesel prices were raised sharply across the four metro cities on Monday, according to Indian Oil Corporation (IOC). One litre of petrol was being sold in New Delhi for Rs 76.25, in Kolkata for Rs 79.14, in Mumbai for Rs 83.70 and in Chennai for Rs 79.20,

Gold prices recovered by Rs 40 to Rs 30,780 per 10 grams at the bullion market on Saturday, taking positive leads from global market amid fresh buying by local jewellers, reported news agency Press Trust of India. Silver also recovered by Rs 25 to Rs

IRCTC (Indian Railway Catering and Tourism Corporation) offers refund of money on online ticket cancellation. Once online cancellation of Indian Railways ticket is confirmed, the refund is credited back to the account used for booking as for normal Internet tickets, said

Share Market on Monday: Twenty-eight out of 50 Nifty stocks advanced in trade.

If you are planning to make an investment for your daughter or parents, post office schemes can be a good option. Post offices offer a host of saving schemes with different rates of interest. Two of the various savings schemes, post office offers is 'Sukanya Samriddhi' and

Software services exporter Tech Mahindra Ltd posted on Monday a lower-than-expected first-quarter profit, dented by higher expenses. The company's net profit rose to 8.98 billion rupees ($130.80 million) in the quarter ended June 30, from 7.99 billion rupees, a year earlier

Analysts on average had expected a net profit of 9.08 billion rupees,

Top banks today offer multiple services that enable the customer to make a wire transfer, or online money transfer. From net banking to phone banking, the customer today can choose from a number of options. NEFT, RTGS and IMPS are three popular

EPF or Employees' Provident Fund is a mandatory contribution from the salary of an individual that every organisation with more than 20 employees has to deduct. EPFO (Employees' Provident Fund Organisation) is the nodal agency to monitor EPF

Idea Cellular reported a surprise quarterly profit on Monday, helped by a one-time gain from the sale of its telecom towers.

Net profit came in at Rs 257 crore ($37.43 million) for the quarter ended June 30, compared with a net loss of Rs 815 crore

Mumbai: IT (information technology) giant Infosys Ltd said on Sunday it would build a software development centre in Noida in Uttar Pradesh, with an initial investment of about Rs 750 crore ($109 million). India's second-biggest software services exporter said the 2.7 million square feet facility would be able to accommodate 5,000 staff. "The

AirAsia has started operating flights from Bengaluru to Amritsar from fares starting at Rs 3,599, said the airline on its website, airasia.com. AirAsia flights on Bengaluru-Amritsar route will fly on a daily basis. However, one needs to make bookings in

InterGlobe Aviation Ltd, which operates top Indian airline IndiGo, reported a 97 per cent plunge in first quarter profit hurt by higher fuel expenses and forex losses.

Profit for the quarter ended June 30 fell to Rs 27.7 crore from Rs 811 crore a year earlier, the company said on Monday.

Re

Virtual ID (VID) is an alternative to Aadhaar number to verify an individual's identity. UIDAI (Unique Identification Authority of India), the agency responsible for issuing Aadhaar card, earlier this year had announced the introduction of a 16-digit

IRCTC (Indian Railway Catering and Tourism Operation), e-ticketing website of Indian Railways, offers the facility of changing boarding station online. E-ticket commuters can also change the name of the passenger by approaching the nearest railway

Gold prices lost some sheen today amid weak global cues. Gold prices slipped by Rs 30 to Rs 30,750 per ten gram at the bullion market while silver shed Rs 25 to Rs 39,200 per kg, reported news agency Press Trust of India (PTI). Investor sentiment turned

Fixed deposits or 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 varies from 7 days to ten years. Some fixed deposits come with a premature withdrawal facility while

Oil marketing companies (OMCs) slashed the prices of petrol and diesel on Saturday. According to the rate chart of IOC (Indian Oil Corporation), petrol is being sold at Rs. 76.16 per litre in Delhi and Rs. 83.61 per litre in Mumbai. Petrol prices in Kolkata and

Three banks and two aircraft leasing firms have served default notices on Air India over the last few weeks, the Business Standard newspaper reported on Monday, raising concerns about the government-owned carrier's state of finances and credit-worthiness.

San Francisco, United States-based Wells Fargo Trust Services and UAE's state-owned Dubai

Airlines are offering lucrative discount offers on domestic and international flight tickets to attract customers. Jet Airways is offering a discount on domestic and international flight tickets under its scheme called 'Your Next Vacation Awaits', said the country's second largest private

A zero balance savings account does not require customers to maintain any particular minimum average balance. Most leading banks offer the option of zero balance account. State Bank of India (SBI) offers the facility of opening a zero balance account in the form of a Basic