Business

Aurobindo Pharma shares jumped more than six per cent on Thursday, after the Hyderabad-based drug maker announced a $900-million cash acquisition in the US. Aurobindo Pharma shares traded with high volumes, surging 6.3 per cent to touch an intraday high of Rs 739.80 in the first half of the day. Aurobindo Pharma said it will acquire the

India Post and India Post Payments Bank offer different types of savings accounts. India Post Payments Bank - launched earlier this month - provides three types of savings accounts: regular, digital and basic. India Post, which has a network of more than 1.5 lakh post offices across the country, provides several banking and remittance services,

Benchmark equity indices opened mildly positive on Wednesday on fresh buying by foreign investors and recovery in Indian rupee, but soon turned choppy on weak global cues.  At 9:48 am, the S-P BSE Sensex declined 13.52 points or 0.04 per cent to trade at 38,144.40. Th

Novartis AG said on Thursday it would sell the dermatology and generic US oral solids portfolios of Sandoz US to Aurobindo Pharma Ltd for $900 million, as the Swiss drug maker looks to focus on higher growth areas.

The deal also includes about 300 products and additional development projects of Sandoz and an additional $100 million in

The rupee declined 17 paise against the US dollar to close at 71.75 on Wednesday. That marked the sixth consecutive session with the rupee settling lower against the greenback. While crude oil prices rose further in anticipation of tightening supply, buying of the dollar by banks and importers along with strengthening of the US currency overseas d

Airlines are offering a host of discount offers on domestic and international flight tickets. The offers come amid high competition in the country's civil aviation market. Jet Airways is offering up to 30 per cent discount on base fare in premiere and economy

Finance Minister Arun Jaitley Wednesday attributed the fall in rupee to global factors and said there was no need for panic or knee-jerk reactions. He further said the Reserve Bank is doing whatever is necessary to deal with the situation. The rupee's unabated fall

State Bank of India (SBI) offers various services under its personal banking portfolio. Lender's savings bank account, one of such feature, allows customers to keep their money safe and helps them grow their savings moderately. The customer identification in case of a

Have you fully utilised the income tax deduction of Rs 1.5 lakh available under Section 80C of the Income Tax Act Section 80C provides for income tax deductions up to Rs 1.5 lakh in a financial year. That means you can deduct up to Rs 1.5 lakh from your

Tilak Raj Bathla's tiny weaving factory is one of the few still humming on a once busy road in Panipat, known as the country's "textile city".

Nearby, more than two dozen other workshops are locked from the outside, while dogs and cows roam through other

Domestic stock markets closed in the red on Wednesday as investor sentiment remained bearish amid a plunging rupee and weak global cues. S-P BSE Sensex dropped 139.61 points, or 0.37 per cent, to settle at 38,018.31, closing loser for a sixth session in a row. The Nifty ended 43.35 points, or 0.38 per cent, lower at 11,476.95. 25 of its 50 s

Amazon.com Inc on Tuesday joined Apple Inc in the $1 trillion club, becoming the second member of the group after its stock price doubled in 15 months. If the online retailer's share price continues at its recent pace, it will be a matter of when, not if,

Fuel prices breached record levels on Thursday as Oil marketing companies (OMCs) raised petrol, diesel rates in the range of 20-22 paise per litre across four metros cities. Petrol can be purchased at a price of Rs. 79.51 per litre in Delhi, according to price

Gold rallied by Rs 200 to Rs 31,400 per 10 gram at the bullion market on Wednesday on pick-up in buying by local jewellers amid a firm global trend, reported news agency Press Trust of India. However, silver lost Rs 250 to Rs 37,600 per kg due to reduced offtake by industrial

New Delhi: Qatar Airways will wait for "another 12 months" to decide on setting up an airline in India as it seeks clarity on "ambiguous" foreign ownership norms, its chief Akbar Al Baker said Tuesday. The comments come less than three months

The Indian rupee pared initial gains to slip 7 paise to 71.82 against the US dollar in late morning deals today, reported news agency Press Trust of India (PTI). According to forex dealers, the fall in Indian currency is on bouts of dollar demand from banks and importers.

Digital wallet company Paytm on Tuesday launched 'Paytm Money' app for mutual fund investments. The Paytm Money platform will be offering systematic investment plans (SIPs), starting at Rs 100 per month. Paytm Money has registered with securities markets regulator SEBI

New Delhi: National carrier Air India has been assured of Rs 2,100 crore from the Centre in the form of guaranteed borrowing, Ministry of Civil Aviation Secretary RN Chaubey said on Tuesday. On May 22, Chaubey had said that the option of selling Air India would not

Benchmark equity indices opened on a mildly positive note on value-buying in select bluechip stocks, recovery in rupee and fall in global crude oil prices, but pared some gains on Asian trend. At 10:06 am, the S-P BSE Sensex was trading at

AirAsia has come up with a new sale and is offering international flight tickets starting from Rs 1,399. The offers come amid high competition in the country's civil aviation market. Other airlines such as Jet Airways, IndiGo are also offering discount of

State Bank of India (SBI) offers Pehla Kadam and Pehli Udaan savings accounts for minors. Pehla Kadam and Pehli Udaan, are complete bouquets of banking products, that will not only help children learn the importance of saving money but will also allow them to

New Delhi: The government 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. Briefing reporters about the cabinet decision, Finance Minister Arun Jaitley said

The Reserve Bank of India (RBI) likely intervened mildly in the forex markets on Wednesday, two traders told Reuters, as the rupee hit a fresh low in line with other emerging market currencies hurt by dollar strength and simmering trade tensions.

The RBI is expected to have sold dollars at 71.80 rupees per dollar in the local spot forex market to

New Delhi: With the rupee hitting a fresh low, the government said on Tuesday that the currency will stabilise on its own as there are no domestic factors contributing to this depreciation. The rupee closed at a record 71.58 against the greenback on Tuesday, making imports costlier and putting price pressures.

"Rupee has depreciated primarily on

New Delhi: The Securities and Exchange Board of India (Sebi) on Wednesday said it would review an order tightening rules on foreign funds ownership by entities of Indian origin, after some fund managers said it could lead to massive dollar outflows. The Sebi

Shares of Fortis Healthcare slipped as much as over 1.7 per cent on Wednesday. At 10:57 am, Fortis Healthcare was trading at Rs 145.35 on the BSE, down 1.50 per cent. The fall in Fortis Healthcare shares came after co-founder Shivinder Singh moved the National Company Law Tribunal (NCLT) against

The rupee plunged by 37 paise against the US dollar to close at 71.58 on Tuesday. The rupee extended its fall against the American currency to a fifth day in a row. That reinforced the rupee's position as the worst performing currency in Asia so far this calendar year. While the dollar rose against a group of currencies, strong demand for the

Bharti Airtel on Tuesday launched three new prepaid recharge packs for its customers. The new recharge packs are priced at Rs. 35, Rs. 65 and Rs. 95. Other telecom operators such as Reliance Jio, Bharti Airtel and Vodafone India are also offering

INR Vs USD: The Indian rupee is Asia's worst performing currency so far this year.

New Delhi: The government will not cut excise duty on petrol and diesel to cushion spiralling prices, which touched fresh highs Tuesday, as it has limited fiscal space available to take any dent in revenue collections, a top official said. With imports becoming costlier