Business

Petrol and diesel prices in the country continued their upward movement on Friday with rates hitting fresh highs as oil marketing companies (OMCs) increased fuel cost across metro cities. In Delhi, petrol price touched Rs 81.28 per litre, up from Rs 81 on Thursday, according to a price

IRCTC (Indian Railway Catering and Tourism Corporation) offers online booking of tickets on its official website- irctc.co.in. Full fare tickets including Tatkal, child tickets, ticket for persons with disabilities, accredited press correspondents and senior citizens at

Petrol and diesel prices surged to record levels on Thursday as oil marketing companies (OMCs) hiked fuel rates across metro cities, except in Kolkata where rates fell following the state government's decision of an excise cut. Petrol can be purchased at a price of Rs 81 per litre

INR vs USD: Forex markets were closed on Thursday on account of 'Ganesh Chaturthi'.

Reliance Jio today announced a flash sale of JioPhone 2 on September 20. The upcoming JioPhone 2 flash sale will begin at 12:00 pm on Thursday, September 20, according to the telecom company's website - jio.com. The upcoming sale will mark the fifth flash sale of JioPhone 2.

Domestic equity indices are closed on Thursday on account of Ganesh Chaturthi. Asian shares, which are open today, won a reprieve as news that the Trump administration has reached out to China for a new round of trade talks raised hopes that a deal could be struck in the

Domestic equity indices opened on a positive note on Friday, with BSE benchmark Sensex reclaiming the 38,000-mark on heavy buying by domestic institutional investors as the industrial production grew at 6.6 per cent in July and retail inflation cooled to a 10-month low. At

UMANG app, the one-stop shop to access more than 300 government services, has now started providing PAN cards or permanent account numbers, which is required for financial transactions like opening a bank account and filing income tax returns (ITR). UMANG app provides a unified platform where

New Delhi: Retail inflation fell below the Reserve Bank of India's medium-term target in August, increasing the likelihood it will keep interest rates on hold in October after raising them at its past two meetings. Consumer prices rose 3.69 per cent from a year

NEW DELHI: State-run Punjab National Bank (PNB) has put 21 non-performing assets (NPAs), or bad loan accounts, on sale to recover over Rs 1,320 crore with the e-bidding auction process slated later this month. PNB said in a notification earlier this week that its

New Delhi: It is a well-known fact that MSME (Micro, Small and Medium Enterprises) sector was suffering from dearth of finance, however, current year has given a much needed boost to the MSMEs in India. The ultimate aim of financial inclusion

Jet Airways, the country's second largest airline by market share, is set to start a direct service between Mumbai and Manchester from November 5, 2018, it said in a statement on Wednesday. Jet Airways said it will operate the non-stop flight on

NEW DELHI: Steel and mining firm ArcelorMittal told the Supreme Court on Thursday that its rival bidder NuMetal was not eligible to bid for Essar Steel on several grounds, including that it was a "shell company" created by a firm in which Essar group promoters had majority shares.

New Delhi: The government has banned 328 combination drugs in a blow to both domestic and foreign pharmaceutical firms, but the ban has been cheered by health activists worried about growing antibiotic resistance due to the misuse of medicines. The Indian government had in 2016 banned about

Mumbai/ Bengaluru: Annual retail inflation eased to 3.69 per cent in August from 4.17 per cent in July, the statistics ministry said on Wednesday, helped by a smaller rise in food prices. Analysts polled by Reuters had forecast August annual increase in the consumer price index at 3.86 per cent.

Experts' view: 

ANAGHA DEODHAR, ECONOMIST, ICICI

"There is a mediation process that has been kicked off," said Shivinder Mohan Singh (left).

NEW DELHI: Steel minister Chaudhary Birender Singh said on Thursday he wanted the finance ministry to scrap the 2.5 per cent duty on imports of coking coal, a key steelmaking raw material, to limit input costs.

"We are pursuing a cut," Chaudhary Birender Singh told reporters. "We want to make it zero. It cannot be 2.5 per cent to 2 per cent."

Coking

Bank fixed deposits are considered to be the safest investment instruments in terms of the guaranteed returns that they offer. Returns on fixed deposits are secure because FD interest rates do not change according to volatile market environment. Bank

Pradhan Mantri MUDRA Yojana (PMMY) offers loans up to Rs 10 lakh to non-corporate, non-farm small/ micro enterprises. These loans are given by commercial banks, regional rural banks, small finance banks, cooperative banks, micro finance institutions and non-banking

Vistara has announced better connectivity between Chennai, Kolkata, Delhi, Port Blair and Kochi at a starting all-inclusive price of Rs 2,322. The carrier is offering fourteen weekly flights from Chennai to Delhi and to Kolkata. The airline has also increased

Consumer inflation eased to 3.69 per cent in August, from 4.17 per cent in the previous month, government data showed on Wednesday. That marked the first time retail inflation - determined by Consumer Price Index (CPI) - stood below the Reserve Bank (RBI) of India's medium-term target of 4 per cent this year. Wednesday's inflation data also

The last day to pay second instalment of advance income tax for fiscal year ending March 2019 is on September 15. The Income Tax Department has been reminding people of paying the second instalment for advance income tax by the due date. Short/ non-payment/

State-run Air India has come up with a discount offer on international flight tickets. Under the offer, Air India is offering 15 per cent discount on flight tickets to Bangkok, Hongkong and Singapore, said the airline on its official website -

Mumbai: With bad loans worth over Rs 50,000 crore under the Reserve Bank of India's Independent Credit Evaluation (ICE) framework, a report said on Wednesday that banks need to take a haircut of 40-60 per cent to have a rating of RP4 for implementation of a

India is marking the 10th anniversary of the 2008 global financial crisis with its own mini-Lehman moment.

True to script, ratings companies have belatedly realized that the IL-FS Group - Infrastructure Leasing - Financial Services Ltd. and its associates - is woefully short of liquidity, with about $500 million in repayments coming due in

New Delhi: India's exports grew by 19.21 per cent to $27.84 billion in August on account of healthy growth in petroleum shipments. "Export trade during August 2018 recorded at $27.84 billion, a positive growth of 19.21 per cent. Exports excluding Petroleum also reported a

The rupee closed sharply higher on Wednesday, cooling off from all-time lows registered in recent sessions. The rupee rose 51 paise against the greenback to settle at 72.19 for the day, marking its biggest single-day rise since May 25. Suspected intervention by the Reserve Bank of India and weakness in the dollar overseas led to a rebound in the

Gold fell marginally by Rs 25 to Rs 31,600 per 10 gram at the bullion market Thursday, dampened by scanty demand amid weak global cues, reported news agency Press Trust of India. Silver too shed Rs 10 at Rs 37,900 per kg due to reduced offtake by industrial units and coin

Forex markets are closed on Thursday on account of 'Ganesh Chaturthi', news agency Press Trust of India (PTI) reported. On Wednesday, the Indian currency closed sharply higher, cooling off from all-time lows registered in recent sessions. Rupee rebounded from the

NEW DELHI: The cabinet has approved a new procurement policy under which one scheme will focus on compensating oilseeds farmers if rates fall below the MSP, and another will allow states to rope in private players for procurement, sources said Wednesday. A decision in this regard