Business

Fixed deposits (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.

S-P BSE Sensex rose 147.01 points to close at 38,389.82 on Friday, while the NSE Nifty settled at 11,589.10, registering a gain of 52.20 points, or 0.45 per cent. That marked a second straight day of gains for the markets. Gains on Friday were led by a

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

New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Friday ruled that Numetal's second bid for insolvent Essar Steel was eligible, and asked ArcelorMittal to first clear its dues by September 11 to turn eligible. The appellate tribunal directed the

State Bank of India (SBI) offers a host of services under its personal banking portfolio including the National Pension System (NPS) account and PPF (Public Provident Fund) account. Both the PPF and NPS account offer financial security to subscribers at a later stage of life. PPF account

The Supreme Court on Thursday identified 16 estates belonging to beleaguered property developer Amrapali Group to raise funds for stalled projects. The court directed sale of assets owned by all of the company's directors, their family members and related

Indian Railways offers Vikalp scheme for waitlisted passengers as an option to provide confirmed berth in an alternate train. The passengers can exercise the Vikalp option for getting shifted to a train up to 72 hours of scheduled departure of original train in which waitlisted ticket

Air India has extended its discount offer on international flight tickets till September 13, 2018, said the state-owned airline on its website - airindia.in. Under the scheme, Air India is offering 15 per cent discount on flight tickets to Europe in

The rupee declined 24 paise to close at 71.99 against the dollar on Thursday, extending its fall to the seventh session in a row. Continued strength in the greenback along with current account deficit-related concerns fuelled by rising crude oil prices kept the rupee under pressure, say analysts. The rupee dipped below the 72 level against the

Mumbai: India's current account posted a deficit, which rose to $15.8 billion or 2.4 per cent of gross domestic product from $15.0 billion or 2.5 per cent a year ago. The merchandise trade gap widened to $45.7 billion from $41.9 billion. The overall balance of payments slipped into

Aurobindo Pharma shares rose as much as 9 per cent on Friday, extending gains to a second straight session after announcement of a $900 million acquisition by the drug maker in the US. At the day's highest point, Aurobindo Pharma shares touched Rs

Bengaluru: India's battered rupee, which has lost more than 12 per cent this year, will hover near record lows on a worsening trade balance and at best only pare some of those losses in the coming 12 months, a Reuters poll found. Extending its losses, the rupee on

Have you maxed out your credit card, meaning you are no longer allowed to make payments using your credit card Credit card holders often want to lower their interest outgo or free up some of the credit limit. A credit card where on one hand is an effective tool for an individual to improve his or her credit profile, its careless use can worsen

The Reserve Bank of India likely sold dollars via state-run banks at around 72 rupee to the dollar level to prevent the Indian currency from slipping sharply, two dealers said.

The Indian rupee was trading at 71.88 to the dollar after briefly falling to 72.04 in early trade. It had touched a record low of 72.11 to the dollar on Thursday before

Gold rallied by Rs 110 to Rs 31,510 per ten gram at the bullion market on Thursday, largely in sync with overseas trend and increased buying by local jewellers, reported news agency Press Trust of India. Besides, a depreciating rupee which slumped to a historic low of 72.12

Mumbai: The RBI Friday tweaked norms for exchange of mutilated currency notes following introduction of Rs 2,000, Rs 200 and other lower denomination currencies. Post demonetisation in November 2016, the Reserve Bank has introduced Rs 200 and Rs 2,000

Petrol and diesel prices reached a new record level on Friday after oil marketing companies (OMCs) hiked fuel rates by around 50 paise per litre across four metros cities. According to price notification of state-owned fuel retailers, petrol is selling at a price of Rs. 79.99

IRCTC (Indian Railway Catering and Tourism Corporation) offers the facility of online Tatkal ticket booking via its official website and app. For offline mode, passengers can approach the reservation counters and avail the facility. Tatkal ticket booking provides reservation

The rupee rose 26 points to close at 71.76 against the dollar on Friday. The rise in the rupee's value against the greenback came after seven days of depreciation. Suspected intervention by the Reserve Bank of India along with losses in the dollar overseas stopped the rupee from falling below the 72 level. Despite Friday's mild gain, the rupee

The Indian rupee opened on a positive note on Friday and was trading marginally higher by 4 paise at 71.95 against US dollar, reported news agency Press Trust of India (PTI). According to forex dealers, slight weakness was seen in the American unit against some

Bengaluru: The US dollar, which has had its best yearly performance since 2015 so far in 2018, will hold on to those gains for the rest of the year but beyond that is unlikely to maintain its ascendancy, a Reuters poll showed. A majority of

Gold prices slipped by Rs 60 to Rs 31,450 per 10 gram at the bullion market on Friday on muted demand from local jewellers and a weak global trend, reported news agency Press Trust of India.  Silver too traded lower by Rs 300 to Rs 37,500 per kg due to reduced offtake by

Benchmark equity indices opened on a negative note on Friday on intense selling mainly in banking, power and healthcare shares amid negative Asian cues. However, the indices recoiled later and were hovering marginally higher in green. At 11:36 am,

Stock markets rose on Thursday led by energy, pharma and commodity stocks. BSE benchmark index Sensex gained 224 points to close at 38,242 while the NSE Nifty rose 59 points, to settle at 11,536. Advances in the domestic markets meant some recovery from a near three-week low in the previous session, despite weakness in other Asian peers fueled by

Mumbai: The Insurance Regulatory and Development Authority of India (IRDAI) Friday said it will set the timeline to reduce LIC's shareholding in IDBI Bank from 51 per cent to 15 per cent. However, it added that the timeline will only be set after looking at LIC's business plan post

New Delhi: Anshula Kant was on Thursday appointed as the Managing Director of State Bank of India (SBI), an official order said. She is at present the Deputy MD in the bank. The Appointments Committee of the Cabinet approved the appointment of Kant as the Managing Director (MD), SBI

The Union Cabinet on Wednesday decided to make the Pradhan Mantri Jan Dhan Yojana (PMJDY) an open-ended scheme and added more incentives to encourage people to open bank accounts. "In view of the runaway success of the scheme, now it has been decided

Mukesh Ambani-owned Reliance Jio is offering 1GB of free additional 4G data to its subscribers on scanning a barcode from Dairy Milk chocolate wrapper. The offer is available on MyJio app till September 30. Jio's all-new free data offer is applicable on Cadbury dairy milk chocolates

New Delhi: The Supreme Court Thursday allowed the Corporation Bank, which has led a consortium of banks to lend loans to the Amrapali Group, to move the National Company Law Tribunal (NCLT). A bench of Justices Arun Mishra and U U Lalit, however, restrained the NCLT

Jet Airways is offering 8 per cent exclusive discount on flight tickets for senior citizens. Customers willing to avail the offer can book tickets on airline's official website- jetairways.com, mobile app, airport ticketing offices, city ticketing offices and