Business

BPCL logged a net profit of Rs 2,293 crore in the fiscal first quarter that ended on June 30

Bharat Petroleum Corporation reported a better-than-expected quarterly profit on Wednesday, helped by strong refining margins.

Profit rose three-fold from a year earlier to Rs 2,293 crore ($334.16 million) in the first quarter ended June 30, the

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The survey also revealed that 65 per cent Indians don't take risk to get great hotel deals.

Mumbai: Almost 42 per cent Indians spend an average six to 10 hours researching online for deals on hotels, airlines or combo offers before booking a week-long holiday, according to a survey. Around 23 per cent spend 11-30 hours and 20 per cent spend more

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The rupee made a spirited recovery from a two-week low to end higher by 20 paise at 68.68 against the US currency on fresh bouts of dollar selling by exporters and banks. Forex market largely withstood the initial discomfort and a broad based dollar weakness predominantly helped the rupee to reverse its bearish undertone.

Increased greenback sales

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Mumbai: The Reserve Bank of India said on Wednesday that it has decided to pay a dividend of Rs 50,000 crore to the Union government for the year ending June 30, 2018. The decision was taken at its board meeting held here.

"The Central Board of Directors of the Reserve Bank of India, at its meeting held on August 8, 2018, approved the transfer of

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State Bank of India (SBI) has advised its customers to use unique numbers as ATM PIN

In case your personal banking details have been compromised with because of a fraudulent SMS, please report it to the bank immediately. That was the message State Bank of India (SBI) shared on microblogging site Twitter, cautioning the public against circulation of

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Twenty four banks collected close to Rs 5,000 crore as penalties in 2017-18 from customers for non-maintenance of Average Monthly Balance (AMB) balance in their accounts, reported news agency Press Trust of India (PTI) on Sunday. Average Monthly Balance (AMB) is the minimum average of deposits required by the bank customers in their savings

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In NCR, the number of such housing units has been estimated at over 1.8 lakh, said PropEquity.

More than 4.65 lakh housing units across the country are lagging their delivery deadlines, according to a report by property consultant PropEquity. Although the country's real estate or property market "may be witnessing green shoots of recovery in select

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Last month, the Sunil Mittal-led Airtel had revised majority of its postpaid plans.

Bharti Airtel has revised its postpaid plan priced at Rs 399 to offer additional data. Airtel is offering additional 20 GB data for a year, according to the telecom operator's official website, airtel.in. The Rs 399 postpaid plan by Airtel also offers free local,

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Reliance Jio recharge: Prepaid subscribers can choose from nine options to get the full talktime benefit

Reliance Jio currently offers 12 top up recharge packs. Priced between Rs 10 and Rs 5,000, these top up recharge vouchers come with unlimited validity period, according to the telecom company's website - jio.com. That means the "talktime" or ta

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Analysts on average had expected earnings of Rs 1,435 crore, according to Reuters.

Hindustan Petroleum Corp Ltd posted an 86 per cent jump in first-quarter profit on Wednesday, beating analysts' expectations, driven by strong refining margins. The state-controlled company said net profit jumped to Rs 1,719 crore ($250.50 million) in the three

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AirAsia flight ticket price: AirAsia is offering domestic flight tickets starting from Rs. 1,499.

Air carriers are offering discounts on both domestic and international flight offers. Jet Airways, country's second largest airline, has announced up to 30 per cent discount on international flight tickets. It is also offering 10 per cent discount on

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Bank FDs guarantee a fixed interest rate irrespective of market uncertainties, say financial experts

Many banks have recently revised interest rates paid by them on retail fixed deposits. While HDFC Bank is the latest major lender to make changes to its FD interest rates in select maturities, Punjab National Bank (PNB) and Canara Bank announced new

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Net sales rose 12 per cent to Rs 3,846 crore, the company said in a statement.

Drugmaker Cipla Ltd posted quarterly profit well above analysts' expectations, helped by strong growth in the domestic market. Net profit rose 10.4 per cent from a year earlier to Rs 451 crore ($65.67 million) in the first quarter ended June 30, the country's

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Ikea Store Hyderabad: The restaurant will be open from 9:30 am to 10:30 pm every day.

Only a day is left for the much-awaited launch of Ikea, the Swedish furniture retailer in India. Ikea's lndia debut has been much delayed because of local sourcing norms. The company, which has flagged import duties in

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Gold, silver prices today: The precious metal had gained Rs 150 in the previous three days.

Gold prices ruled flat at Rs 30,585 per 10 gram in limited deals at the bullion market today, reported Press Trust of India (PTI). Gold remained steady today despite a better trend overseas. However, silver prices fell by Rs 200 to Rs 39,000 per kg at the

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The next hearing of the case has been fixed for August 14.

All directors and promoters of real estate major Amrapali Group will be rendered homeless if the company fails to deposit Rs 5,000 crore needed to build unfinished projects, the Supreme Court warned on Wednesday. The top court also directed the group

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IKEA is also partnering with UrbanClap.

HYDERABAD: IKEA will do things differently in India after it opens its first store in the nation on Thursday, as it deals with higher taxes on imported goods and looks to woo cost-conscious shoppers unaccustomed to the company's DIY furniture assembly style.

The Swedish furniture retailer is pushing into new

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CreditAccess Grameen's IPO or initial public offer opened for subscription on Wednesday. At 10:30 am, bids received were 67,935 against a total issue size of 1,88,29,684. The public offer of Bengaluru-based microfinance institution - CreditAccess Grameen - is a mix of fresh issue and an offer for sale of a total of 2,69,48,255 shares. That

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Domestic stock markets scaled fresh record closing highs on Wednesday, boosted by banking stocks and energy heavyweights such as Reliance Industries and ONGC. BSE benchmark index Sensex closed 221 points, or 0.6 per cent, higher at 37,887 while the NSE Nifty settled at 11,450, up 60 points from the previous close. The Nifty Bank - an NSE sectoral i

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IMF forecasts Indian economy to grow at 7.3% in the current fiscal year.

NEW DELHI: The Reserve Bank of India (RBI) will need to gradually tighten monetary policy further due to rising inflation, driven mainly by higher oil prices and a falling rupee, the International Monetary Fund said on Wednesday. The central bank raised the repo rate for the

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Pre-wedding financial planning: It is significant to discuss about finances before getting married.

Getting married soon Well, you should start preparing yourself to tackle the new financial situation. Marriage not only means sharing of goals, desires and ambitions but also partaking assets and financial liabilities. From personal finance needs to

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Sovereign gold, however, remained flat at Rs 24,600 per piece of eight grams.

Gold prices softened by Rs 20 to Rs 30,565 per 10 grams at the local market today owing to a slackened demand from local jewellers despite a firm trend in overseas markets, according to news agency Press Trust of India. Silver followed suit and cracked below the Rs

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Streamlining exemptions would further reduce compliance and administrative costs, the IMF recommended.

WASHINGTON: The IMF today described the Goods and Services Tax (GST) as a "milestone reform" in India's tax policy, but pushed for a simplified structure, saying the multiple rate structure and other features could give rise to high compliance and

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There have been concerns over the proposed 'bail-in' clause to resolve a failing bank.

NEW DELHI: Nearly a year after introducing it in the Lok Sabha, the government on Tuesday withdrew the Financial Resolution and Deposit Insurance (FRDI) Bill following widespread concerns over certain provisions in the proposed legislation. There have been

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Drug maker Lupin posted a bigger-than-expected fall in first-quarter profit on Wednesday, hurt by declining sales in the US and Japan.

Sanctions imposed by international regulatory bodies and warnings over quality control at production sites have hurt sales in the United States where Indian pharmaceutical firms accounted for a third of the drugs

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Tesla shares closed up 11 per cent at $379.57, slightly below their all-time high.

SAN FRANCISCO: Chief Executive Elon Musk said on Tuesday he is considering taking Tesla Inc private in what would be the largest deal of its type, moving the electric car maker out of the glare of Wall Street as it goes through a period of rapid growth under tight

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Sensex, Nifty today: Market heavyweight Reliance Industries Ltd fell as much 1.3%.

Domestic stock markets closed on a flat note on Tuesday as gains in material stocks were offset by losses in energy and industrials. The S-P BSE Sensex dropped 26.09 points, or 0.07 per cent, to close at 37,665.80, thus retreating from record highs hit earlier in

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Samsung's second quarter profit dipped to 11.04 trillion won, down from 11.05 trillion won a year earlier

South Korea's Samsung Group on Wednesday said it would invest $22 billion over the next three years in cutting-edge technology including artificial intelligence, self-driving cars and biopharmaceuticals, as it searches for ways to drive future

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Stock Market on Wednesday: Experts said that after a record spree, markets were likely to cool off.

After a flat opening, the domestic equity market turned negative on Wednesday and started trading in a range. The Sensex opened at 37,756.24 and the Nifty50 at 11,412.50. But soon after, Nifty lost the crucial 11,400 mark and traded at 11,390.15, up

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The government has increased duty on fabric-related commodities for the second time in a month.

NEW DELHI: Import tax on some textile products has been doubled to 20 per cent, the government said in a statement on Tuesday, increasing duty on fabric-related commodities for the second time in a month.

The move is expected to provide relief to the

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