Business

The reverse repo rate under which the RBI borrows from banks has been adjusted to 6%.

The Reserve Bank of India (RBI) on Wednesday hiked the key lending or repo rate by 25 basis points to 6.25 per cent as it announced its second bi-monthly monetary policy statement for 2018-19. The repo (or repurchase) rate is the
Details
Category: Business

Write comment (96 Comments)

Bank of Baroda revised its marginal cost of funds based lending rates (MCLR) on Tuesday. The new rates will be effective from June 7, Thursday. "The bank's 1-year MCLR will be 8.45 per cent, which is competitive as per the current market scenario,"
Details
Category: Business

Write comment (91 Comments)

Vrieswijik comes at the GoAir helm following the resignation of Wolfgang Prock-Schauer last December

Mumbai: Budget carrier GoAir on Tuesday announced the appointment of former easyJet executive Cornelis Vrieswijk as its new CEO. Air Wadia group
Details
Category: Business

Write comment (98 Comments)

The centre has already doubled sugar import duty to 100%.

NEW DELHI: Cabinet approved a bailout package for the sugar sector, a government source said on Wednesday after a cabinet meeting chaired by Prime Minister Narendra Modi, to help struggling
Details
Category: Business

Write comment (98 Comments)

The fixed deposit interest rates of post offices are as high as 7.4 per cent per annum

Post offices offer banking services as well as saving schemes. They offer the option of opening fixed deposit (FD) accounts, public provident funds (PPF) and Kisan
Details
Category: Business

Write comment (91 Comments)

Jet Airways offer is not applicable for multicity bookings.

Jet Airways is offering up to Rs 400 discount on domestic flight tickets and up to Rs 600 off on international flight tickets under its 'Big Savings' scheme. This offer is valid for bookings done on Jet Airways mobile site and mobile app on android,

Details
Category: Business

Write comment (97 Comments)

Prime Minister Narendra Modi on Wednesday said the government is taking several steps to promote young entrepreneurs in the country, adding that startups are no longer confined to big cities. Smaller towns and villages too are emerging as vibrant
Details
Category: Business

Write comment (91 Comments)

Airtel's plan priced at Rs 448 offers 114.8GBs of 3G/4G data for a period of 82 days

Bharti Airtel is currently offering a bouquet of prepaid recharge plans with data and SMS benefits. These plans also come bundled with unlimited local, STD and roaming
Details
Category: Business

Write comment (90 Comments)

The survey also showed firms were turning more cautious about hiring.

Activity in the service industry shrank in May for the first time in three months as new orders stagnated, but business optimism was the highest since 2015 on expectations that
Details
Category: Business

Write comment (100 Comments)

World Bank forecasts are slightly lower than other projections by two international bodies.

UNITED NATIONS: India is projected to regain its position as the world's fastest growing major economy advancing 7.3 per cent this fiscal year and 7.5 per cent
Details
Category: Business

Write comment (98 Comments)

Shilpa Shetty's husband Raj Kundra was grilled by Enforcement Directorate (ED) in connection with a money laundering probe relating to Rs 2,000 crore fraud wherein 8,000 investors allegedly lost money. Raj Kundra was grilled in connection with money
Details
Category: Business

Write comment (92 Comments)

IRCTC Tourism package price is as on date of booking.

IRCTC (Indian Railway Catering and Tourism Operation) Tourism offers 4-day tour package to Bhopal, Sanchi, Bhimbetka and Panchmarhi at a starting all-inclusive price of Rs 10,920 under a special 'A
Details
Category: Business

Write comment (93 Comments)

RBI Governor Urjit Patel-headed Monetary Policy Committee (MPC) will conclude its three-day meeting today. The MPC will release its policy statement at 2:30 pm today. That would mark the central bank's second bi-monthly monetary policy statement for 2018-19. The RBI is widely expected to keep the key
Details
Category: Business

Write comment (96 Comments)

Vistara on Tuesday announced a 24-hour only early monsoon flash sale for bookings in all three cabin classes (economy, premium economy and business classes), with all-inclusive one-way fares discounted as much as 75 per cent all-in relative to normal fares. The limited period sale requires 15 days advance purchase.
Details
Category: Business

Write comment (90 Comments)

The RBI may use the June meeting to shift its policy communication to an explicit tightening bias

Bengaluru: An increasing number of economists expect the Reserve Bank of India (RBI) to raise interest rates on Wednesday, a Reuters poll found, but most still think the central bank will stay on hold and use this week's meeting to prepare for an
Details
Category: Business

Write comment (97 Comments)

At 10:55 am, the NSE's Nifty Bank index traded at 26,252.50, with a gain of 1.50 points or 0.01%.

Banking stocks on Wednesday traded mixed ahead of the outcome of the Reserve Bank of India (RBI)'s interest-rate setting meet. "The current chart
Details
Category: Business

Write comment (90 Comments)

UIDAI is mandated to issue 12 digit Aadhaar number.

Linking of Aadhaar in e-filing website is beneficial for tax payers, informed Digital India on its official handle- @_DigitalIndia. Tax payers can use Aadhaar based e-verification of their Income Tax
Details
Category: Business

Write comment (98 Comments)

The rupee edged lower against the US dollar on Tuesday, moving away from a one-month high of 66.85 touched against the greenback the previous day. The next major trigger for the rupee will be the Reserve Bank of India's policy statement on Wednesday,
Details
Category: Business

Write comment (96 Comments)

Rupee-dollar (INR-USD) rate today: The rupee traded in the range of 67.11-67.01 against the US dollar

The rupee edged higher against the US dollar on Wednesday, ahead of the Reserve Bank of India (RBI)'s monetary policy statement. Gaining as much as 15 paise in morning deals, the rupee was 1 paisa away from

Details
Category: Business

Write comment (96 Comments)

Most goods and services barring a few goods such as fuel and liquor are covered under the GST regime.

The government has released some clarification on how banks, insurance companies, stock brokers - essentially the financial sector - is taxed as per
Details
Category: Business

Write comment (94 Comments)

Nifty finds strong support at 10,640 levels, breaks will take it to 10,600 levels, stated Equity99.

The S-P BSE Sensex started Tuesday's session on a lower note, falling 34 points, or 0.10 per cent, to trade at 34,977 levels in morning trade. The broader Nifty50 shed 7 points, or 0.07 per cent, to trade

Details
Category: Business

Write comment (93 Comments)

The BSE Bankex index was down 0.06 per cent.

The S-P BSE Sensex on Wednesday surged over 101.37 points or 0.29 per cent to reclaim the 35,000-mark while the broader Nifty50, a benchmark of the National Stock Exchange, was 30.85 points or 0.29 per cent higher at 10,624. Investors awaited the outcome of

Details
Category: Business

Write comment (90 Comments)

If you want to raise personal loan without having to go through the hassle of cumbersome loan seeking process, there is a help available online. There are virtual financial institutions or loan aggregators that disburse loan through virtual interface.
Details
Category: Business

Write comment (97 Comments)

Patanjali SIM: The BSNL-Patanjali co-branded SIM is currently available to the FMCG company's staff

BSNL or Bharat Sanchar Nigam Limited has announced a telecom tariff plan priced at Rs 144, called Patanjali BSNL 144 for Patanjali SIM users. The plan
Details
Category: Business

Write comment (97 Comments)

Petrol, diesel prices today: Currently, rates at fuel stations are revised on a daily basis

Petrol and diesel prices were lowered in the range of 8-12 paise per litre. That marked the eighth consecutive cut for petrol prices and the seventh in eight
Details
Category: Business

Write comment (91 Comments)

The S-P BSE Sensex on Tuesday slipped 109 points to close at 34,903.21 while the National Stock Exchange (NSE) benchmark index Nifty50 settled at 10,593.15. Benchmark indices traded lower today for the second day as investor turned cautious ahead of the Reserve Bank of India's policy statement on

Details
Category: Business

Write comment (98 Comments)

On Monday, petrol prices were cut for the sixth day and diesel prices lowered for five days in six

Petrol and diesel prices were cut on Tuesday. While petrol prices were reduced for the seventh day in a row, diesel prices were lowered for six days in seven. Petrol prices across Delhi, Kolkata, Mumbai and Chennai
Details
Category: Business

Write comment (91 Comments)

The RBI will announce its second bi-monthly monetary policy statement for 2018-19 today afternoon

The Reserve Bank of India (RBI) is widely expected to adopt a hawkish stance while keeping the key interest rates steady in the June monetary policy meet, the outcome of which will be revealed at 2:30 pm on Wednesday.
Details
Category: Business

Write comment (92 Comments)

BHIM SBI Pay users can transfer funds using a virtual payment address or a bank account along with IFSC

SBI or State Bank of India offers a mobile app that lets users transfer funds using a virtual payment address or a bank account along with the IFSC
Details
Category: Business

Write comment (92 Comments)

The travel will be via sleeper class of the Indian Railways.

IRCTC (Indian Railway Catering and Tourism Corporation) Tourism is offering 12 nights and 13 days travel package to Tirupati, Rameshwaram, Madurai, Kanyakumari, Trivandrum, Puri. The package which is under the Bharat Darshan Special Tourist Train, is one of the most affordable
Details
Category: Business

Write comment (99 Comments)