Business

Asian Development Bank retained India's growth rate projection for the current and the next fiscal year

New Delhi: India will continue to be the fastest growing major economy, ahead of China, with a growth rate of 7.3 per cent in 2018-19 and 7.6 per cent in 2019-20, Asian Development Bank (ADB) said on Thursday.

The growth in India will be driven by

Details
Category: Business

Write comment (99 Comments)

However, in other metro cities, petrol and diesel prices were left unchanged.

Petrol and diesel prices were slashed on Thursday only in the national capital, New Delhi. According to data from the website of the largest fuel retailer of the country, Indian Oil Coporation (IOC), petrol prices in Delhi were cut by 6 paise while diesel prices in Delhi

Details
Category: Business

Write comment (99 Comments)

TCNS IPO: Shareholders of TCNS Clothing are selling up to 1,57,14,038 equity shares.

TCNS Clothing Co Ltd (TCCL), which owns women's wear brands W, Aurelia and Wishful, launched an initial public offer (IPO) on Wednesday. the TCCL IPO, estimated at Rs 1,125.12 crore, will close on July 20. TCNS Clothing designs, manufactures, markets and retails a

Details
Category: Business

Write comment (97 Comments)

Domestic stock markets finished Thursday's session on a sluggish note, with the BSE Sensex closing 22 points lower. National Stock Exchange (NSE) benchmark index Nifty settled at 10,957, down 23 points. The key indices were dragged lower by a selloff witnessed in IT and pharma stocks. Losses in heavyweights such as TCS offset gains in consumer

Details
Category: Business

Write comment (93 Comments)

Banks permit their customers to make a specific number of ATM transactions free of cost every month

Major banks today permit their customers to make a certain number of transactions free of cost at ATMs every month. SBI or State Bank of India for example, currently allows its customers maintaining a monthly average balance above Rs 25,000 in the

Details
Category: Business

Write comment (93 Comments)

Punjab National Bank (PNB) will get a capital infusion of Rs 2,816 crore.

New Delhi: Government will inject a total Rs 11,336 crore ($1.65 billion) in five state-run banks, including fraud-hit Punjab National Bank, in a week or so, a senior government official told Reuters on Wednesday. Punjab National Bank will get Rs 2,816 crore, while

Details
Category: Business

Write comment (90 Comments)

The Reserve Bank of India (RBI) on Thursday said it would issue new Rs 100 banknotes "shortly". The new banknote of Rs 100 denomination will be of the Mahatma Gandhi (New) Series, the central bank said. The new banknote of Rs 100 will be in the base colour of lavender and will have a motif of Rani Ki Vav - a heritage site located in Gujarat - on

Details
Category: Business

Write comment (95 Comments)


New Delhi: Rajan Anandan, vice president, South East Asia and India, Google, on Wednesday took an extra responsibility of the Delhi-NCR Chapter of The Indus Entrepreneurs (TiE Delhi-NCR) as its president to support the Indian start-up ecosystem.In his present function, Mr Anandan would spearhead TiE Delhi-NCR's initiatives through mentoring,
Details
Category: Business

Write comment (93 Comments)

Punjab National Bank (PNB) share price was lower by 3.24% or Rs 2.55 to Rs 76.15.

PSU banking stocks fell in Wednesday's trading session after a strong start. On the National Stock Exchange (NSE) at 11:30 am, State Bank of India (SBI)'s share price was down 0.33 per cent or Rs 0.85 to Rs 258.20. Punjab National Bank (PNB) share price was lower by

Details
Category: Business

Write comment (94 Comments)

Under JioPhone Monsoon Hungama offer, customers can replace their old JioPhones for Rs 501.

Reliance Jio, Mukesh Ambani-led telecom company, is offering 100 per cent cashback on select prepaid recharge plans. In a separate scheme, JioPhone Monsoon Hungama offer, which will come into effect on Friday, Reliance Jio is allowing users to exchange old

Details
Category: Business

Write comment (91 Comments)

The UIDAI has permitted its registrars to charge a fee of up to Rs 25 (plus 18% GST) for biometric update

The UIDAI or Unique Identification Authority of India provides an online facility that enables Aadhaar holders to disable biometrics-based authentication. This was said by the UIDAI, the issuer of the 12-digit identity Aadhaar number as well as

Details
Category: Business

Write comment (90 Comments)

Vistara's fares on flight tickets under the sale are also available for premium economy - business class.

In a bid to woo more passengers, Vistara airline on Wednesday, announced a 'Monsoon Flash Sale' across all three of its cabin classes, with all-inclusive one-way fares starting from Rs 1,299, said the airline in a press release. Vistara's

Details
Category: Business

Write comment (94 Comments)

New Delhi: At nearly $940 billion, Apple is certainly well on the way to becoming the world''s first trillion dollar company -- and the feat could be achieved as early as the end of this year with upcoming iPhone launches.

The tech giant crossed the $900 billion market capitalisation mark in November last year following the launch of its "super

Details
Category: Business

Write comment (90 Comments)

The Humsafar Express is a fully AC 3-tier service sporting a GPS-based passenger information system.

The timings of Tirunelveli - Gandhidham Humsafar Express plying over Indian Railways in division of Western Railway, have been revised due to monsoon, said Western railway on micro blogging website -- Twitter. However, there is no change in timings

Details
Category: Business

Write comment (97 Comments)

Spending increased 89% from a year earlier during the first 12 hours of Amazon Prime Day.

Amazon.com Inc.'s fourth annual Prime Day event lured shoppers from around the world, highlighting the promotion's evolution from a rummage sale of obscure products to 36 hours of discounts on major brands such as Samsonite luggage, Callaway golf clubs and

Details
Category: Business

Write comment (93 Comments)

Bandhan Bank has a network of 937 branches and 475 ATMs

Bandhan Bank shares jumped more than 5 per cent on Thursday, extending recent gains to a third straight session. Advances in Bandhan Bank share price were amid high volumes. Bandhan Bank had during market hours on Wednesday reported earnings for the

Details
Category: Business

Write comment (94 Comments)

If you want to avail loan on PPF accounts, you can do so after the third financial year.

Interest rates on PPF accounts have yet again been left unchanged at 7.6 per cent for the July-September quarter. PPF or Public Provident Fund is a government-backed instrument that offers fixed yields. There is no risk involved. A PPF account matures in 15

Details
Category: Business

Write comment (96 Comments)

Petrol, diesel prices are decided on the basis of crude prices and the rate of rupee.

For the second day in a row on Wednesday, petrol and diesel prices were left unchanged despite a fall in global crude oil prices, according to Indian Oil Corporation (IOC). One litre of petrol was being sold in national capital New Delhi for Rs 76.84, in Kolkata

Details
Category: Business

Write comment (93 Comments)

Along with the discount offer on flight tickets, SpiceJet is also offering a priority check-in.

SpiceJet is offering up to Rs 1,000 discount on flight tickets in a special 'Thrilling Thursday' offer, the airline said. Along with the discount offer, SpiceJet is also offering a priority check-in to its customers. The offer is valid all through

Details
Category: Business

Write comment (98 Comments)

Experts advise entering Atal Pension Yojana (APY) as early as possible to reap the maximum benefit

Atal Pension Yojana (APY), a pension scheme aimed at the unorganised sector, has 1.08 crore subscribers. Atal Pension Yojana, since its launch in May 2015, has so far collected more than Rs 4,500 crore in contribution, according to an official release

Details
Category: Business

Write comment (90 Comments)

Sensex, Nifty on Wednesday: A strong closing of Wall Street added to the gains.

The domestic equity benchmark, the S-P BSE Sensex opened at a fresh record high on Wednesday at 36,722.41 as it rallied over 200 points. However, at 10:37 am, it traded at 36,639.80 level with a gain of 119.84 points or 0.33 per cent. The broader Nifty50 opened

Details
Category: Business

Write comment (94 Comments)

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.53 per cent.

Domestic equity benchmarks, the S-P BSE Sensex and Nifty50 opened in the green on Thursday. In the first few minutes of the trade, the Sensex was trading at 36,475.65, up 102.21 points or 0.28 per cent while the broader Nifty was at 10,999.50, with a gain of 19.05

Details
Category: Business

Write comment (90 Comments)

Stock markets retreated from record highs on Wednesday, with the BSE Sensex falling 146 points. The Sensex closed at 36,373, down 0.4 per cent, while the NSE Nifty settled 27 points, or 0.25 per cent, lower at 10,980. The markets fell after a no-confidence motion was moved against Prime Minister Narendra Modi's government in Parliament. Metal and

Details
Category: Business

Write comment (92 Comments)

IDBI Bank's gross non-performing assets amounted to Rs 55,600 crore at the end of Q4

Mumbai: State-run IDBI Bank on Tuesday said it will seek the central government's nod on Life Insurance Corporation's proposal to acquire a 51 per cent stake in the debt-ridden lender. According to a filing to the BSE, the lender received LIC's proposal to acquire

Details
Category: Business

Write comment (98 Comments)

RCom's revenue from operations fell about 26% to Rs 1,006 crore in the first quarter.

Debt-laden telecoms company Reliance Communications Ltd (RCom) said its losses narrowed in the first quarter and it is confident of closing its debt resolution process by the end of September.

It reported a loss of Rs 342 crore ($34 million) for April to June on

Details
Category: Business

Write comment (91 Comments)

BookMyShow had raised about Rs 830 crores from previous rounds of funding.

Bigtree Entertainment Pvt Ltd, owner of online movie and events ticketing portal BookMyShow, on Wednesday said it has raised $100 million in its latest round of funding from a group of investors. The Series D funding was led by new player TPG Growth, while existing investors

Details
Category: Business

Write comment (100 Comments)


Bank repaired deposits (FDs) are best fit for investors with low risk appetite, say monetary plannersMany individuals choose investing their cash in fixed deposits (FDs). From a point of view of increasing the return on one's surplus cash, this may not be an impressive move. Investment in a bank FD or repaired deposit requires repaired, pre-determined
Details
Category: Business

Write comment (96 Comments)

Amazon's stock has surged more than 57% in 2018.

SAN FRANCISCO: Amazon.com's stock market value reached $900 billion on Wednesday for the first time, marking a major milestone in its 21-year trajectory as a publicly listed company and threatening to dislodge Apple as Wall Street's most valuable jewel.

After Jeff Bezos founded the online book-selling

Details
Category: Business

Write comment (95 Comments)

Sovereign gold, however, remained unaltered at Rs 24,700 per piece of eight grams

Gold prices on Wednesday tumbled by Rs 250 to trade at over five-month low of Rs 30,800 per 10 grams at the bullion market amid weakening global trend and considerable fall in demand from local jewellers, reported news agency Press Trust of India (PTI). Silver

Details
Category: Business

Write comment (96 Comments)

Budget carrier IndiGo has introduced new flights connecting Surat.

On robust growth of air traffic in recent times, airlines in the country have come up with new routes to attract customers and to increase their market share. IndiGo, Jet Airways and AirAsia have come introduced new routes joining regional areas. Government's UDAN scheme, which aims

Details
Category: Business

Write comment (98 Comments)