Business

RCom has said it plans to reduce its debt by selling assets.

Mumbai: The National Company Law Tribunal (NCLT) on Tuesday admitted an insolvency plea filed by Sweden's Ericsson against Reliance Communications, potentially delaying the Indian firm's plans to sell assets to lighten its debt load. Ericsson, which signed a seven-year deal in 2014 to
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IndiGo's #6ETakeoffTuesday offer is valid on flight tickets booked via its mobile app only.

IndiGo is offering a discount of 10 per cent on domestic and international flight tickets on Tuesday, the airline said on its Twitter handle @IndiGo6E. IndiGo's
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The discount offer is only available for online bookings at airasia.com.

AirAsia India has come up with a discount scheme and is offering domestic flight tickets starting at Rs 1,399, said AirAsia on its official website -- airasia.com. Under its 'Mid
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State Bank of India (SBI) e-recurring deposit (RD) will earn interest for 12 months.

State Bank of India (SBI) is offering the option of a savings account that lets customers save for their vacations. The account, called as the SBI Holiday Savings
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USD Vs INR: Rupee recovered after falling to nearly 16-month low of 67.79.

The Indian rupee (INR) today recovered sharply from intra-day lows against the US dollar (USD), tracking a surge in equity markets. The Sensex rose over 400 points as BJP moved
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Assam and Rajasthan are set to roll out e-way bill for intra-state movement of goods from this week, taking the total number of states and union territories which have implemented the system to 20, said an official on Monday. While Assam will
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Lupin bought Gavis Pharmaceuticals in 2015 in a deal worth $880 million.

Lupin Ltd, India's second-largest drugmaker by revenue, reported a surprise quarterly loss on Tuesday due to a one-time charge related to the acquisition of US-based Gavis
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Rupee fell to 67.76 against USD, its weakest since January 31, 2017 from its previous close of 67.50.

MUMBAI: Indian bonds and the rupee currency weakened to multi-month lows in early trade on Tuesday, as global crude oil prices inched up and the local
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As CBI files its chargesheet in the $2 billion PNB fraud, the crackdown at senior executives Punjab National Bank (PNB) starts. The government confirmed on Monday that it has started action for removal of Allahabad Bank CEO Usha Ananthasubramanian.
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Goods imports last month were $39.6 billion, a gain of 4.6% from a year ago.

New Delhi: Country's trade deficit slightly widened to $13.72 billion in April from $13.25 billion a year ago, government data showed on Tuesday.

Merchandise exports for April rose 5.2 per cent to $25.9 billion from a year ago.

Goods imports

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Karnataka assembly election results will be announced today. Outcome of the Karnataka elections 2018 and performance of the Bharatiya Janata Party (BJP), for which Prime Minister Narendra Modi had campaigned heavily, are likely to dictate movement for Sensex and Nifty in the very short term, say experts. Karnataka had voted for a new assembly on
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Fortis has set up an advisory committee to evaluate the binding offers.

TPG-backed Manipal made a fresh offer for Fortis Healthcare by committing to invest in the firm at Rs 180 per share, thus increasing the valuation to Rs 9,403 crore, Fortis Healthcare Ltd (FHL) said in a regulatory filing. Having lost

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Gold price touched Rs 32,450 in Delhi today. A pick-up witnessed in buying by jewellers helped domestic gold price regain some of the strength, say traders. Gold price in the national capital surged by Rs 165 to Rs 32,450 per 10 grams, news agency
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Karnataka election results: Sensex and Nifty rose over 1 per cent.

Reversing early losses, the Sensex and Nifty surged higher as BJP edged past the half-way mark in Karnataka, according to the leads so far. Markets had opened flat as early leads indicated Congress and BJP locked in close fight in Karnataka,

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Ever since the launch of Reliance Jio in 2016, telecom sector in India has witnessed a major upheaval, leading to consolidation in the industry. While Idea and Vodafone are set to join hands in their joint bids to counter Mukesh Ambani-owned Jio, Airtel on Monday completed the acquisition of the Telenor, Indian
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A judicious use of credit cards is very important for maintaining a good credit score.

Young Indians often use credit cards to splurge on non-essential items. A costly smartphone, a stylish branded watch and other items that may not be necessary but
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IRCTC tourism is also offering 5 nights/6 days 'Shri Ramayana Yatra-Sri Lanka Ex Delhi' tour package

IRCTC (Indian Railway Catering and Tourism Corporation) Tourism is offering a three nights and four days package to Nepal which will cover places of religious and cultural importance such as Kathmandu, Bhaktapur, Patan and Nagarkot. The dates of
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Users can transfer securities online anyplace, anytime using SBI's demat account.

State Bank of India (SBI) demat account is the account that holds all shares of account holders in electronic or dematerialised form, informed country's largest lender on its official account. SBI's demat account holds the

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IRCTC's special tourist train covers important religious and leisure destinations.

IRCTC (Indian Railway Catering and Tourism Corporation) is offering special tourist trains which cover important religious and leisure destinations under diverse tour
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Reliance Infra recently won EPC projects like the Rs 7,000-crore Versova-Bandra Sea Link Project

Mumbai: Reliance Infrastructure (RInfra) on Monday said that its Board has approved a plan to raise up to Rs 3,000 crore via "Rights Issue to the existing shareholders and/or through Qualified Institutions Placement". As per a BSE filing, Reliance
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Reliance Jio last week announced the new postpaid plan, called "JioPostpaid, at Rs 199 per month

Reliance Jio's new postpaid plan at Rs 199 per month will be available for subscription from Tuesday, May 15. Reliance Jio - which last week announced the
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Recurring deposits (RDs) help customers earn good interest rates on regular deposits.

State Bank of India (SBI), the largest lender of the country, offers attractive interest rates on recurring deposit (RD) accounts. RDs help customers save a fixed sum
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Petrol and diesel prices were hiked on Tuesday. That marked a second increase in petrol and diesel rates this month. On May 14, the prices were raised after a 19-day hiatus, a day before Karnataka election results. With Tuesday's increase, petrol
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If you think age is just a number, and retirement is not an end but a beginning, think again. At least, the Government of India's personnel ministry doesn't want you to think like this. In the era of smart phones, when everyone tends to take selfies
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As of Monday, PNB stock had tumbled about 44% since the Nirav Modi fraud came to light.

MUMBAI/BENGALURU: Punjab National Bank (PNB) reported on Tuesday a Rs 13,417 crore ($1.98 billion) fourth-quarter net loss, the worst ever by a domestic lender,
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Hindustan Unilever's (HUL) revenue exceeded the Rs 8,900 crore average estimate of 21 analysts

Hindustan Unilever Ltd's revenue climbed to a record in the fourth quarter as India's largest consumer-goods company shrugged off competition including from
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Against 4.28% in April this year, the consumer inflation stood at 2.99% in April 2017

Annual consumer price inflation (CPI) accelerated to 4.58 per cent in April, the government data showed on Monday. The rise in consumer inflation is incongruous to the easing of inflation for three months in a row until March when
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You can save 1.8% transaction charges when you book rail tickets online via IRCTC SBI Platinum Card.

IRCTC or Indian Railway Catering and Tourism Corporation offers free train tickets via a card of the largest lender of the country, State Bank of India
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IDBI Bank's new rates have been effective from May 12, the bank said in a statement

The state-run IDBI Bank raised its marginal cost of funds based lending rate (MCLR). The increase has taken place by up to 10 basis points across various tenors. The
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Diversified consumer goods maker Hindustan Unilever Ltd reported an about 14 per cent increase in profit on Monday, helped by higher sales in its home care business.

Profit for the period ended March 31 came in at Rs 1,351 crore ($200.10 million)

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