Business

Oil Prices Soar To 3.5-Year High On Middle East Woes

Tensions in the oil-rich Middle East also kept prices elevated.

London: Oil surged today close to 3.5-year peaks on simmering Mideast tensions and keen US demand, while London stocks rose with drugmaker Shire boosted by a
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Prepaid Recharge Plans: Airtel's Popular Packs Vs Vodafone SuperPlans

Airtel recently introduced a prepaid recharge plan of Rs 249.

Leading telecom operators like Bharti Airtel and Vodafone India have been beefing up their prepaid recharge plans to woo customers amid intense competition from 
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Fortis Healthcare Ltd said on Thursday it had received an improved binding offer worth Rs 1,500 crore from Hero Enterprise Investment Office and Burman Family Office. The proposal is higher than their last week's offer of Rs 1,250 crore. The consortium's proposal is to invest Rs 500 crore via preferential issue of equity shares and Rs 1,000 crore
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SBI's Offers On Home Loans: Interest Rates Start From 8.35%

SBI charges low charges processing fees and there are no hidden costs or administrative charges.

State Bank of India (SBI), the largest lender of the country, is offering attractive interest rates on home loans. "Grab the keys to
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What Did Income Tax Department Say In The Advisory To Tax Payers

Any wrong reporting by a PSU employee would be reported to the vigilance division

The Income Tax (I-T) Department on Wednesday alerted salaried taxpayers not to under-report their income or inflate deductions and exemptions while filing tax returns, warning that wrong claims would be treated as cases of tax evasion.
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India To Be Fastest Growing Economy In 2018 But There's A Risk: Poll

Inflation is forecast to average 4.7 per cent in the fiscal year ending next March

India will claim the top spot among the world's fastest-growing major economies this year, but rising trade tensions between the United States and China may restrain that growth, a Reuters poll of economists showed. The recent tit-for-tat import tariffs imposed by
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NCLT Asks Essar Steel Lenders To Consider Numetal, ArcelorMittal Bids

The bench asked the consortium of 31 lenders and the RP to reconsider the bids.

Ahmedabad: In a major victory for Numetal and ArcelorMittal, the Ahmedabad bench of the NCLT on Thursday directed lenders and the resolution professional of the bankrupt Essar Steel to reconsider their first bids.

Pronouncing its order today, the National Company Law

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Gold Prices Rise Today For Third Day In A Row, Silver Tops Rs 41,000

Gold rates had gained Rs 380 in the previous two sessions.

New Delhi:Gold rates rose for the third day in a row, rising by Rs 250 to Rs 32,630 per ten gram. Buying by local jewellers helped support the domestic prices. Silver prices also gained and reclaimed the Rs 41,000-mark. Silver prices soared by Rs 1,030 to Rs 41,480 per kg due on higher
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Sensex Rises 100 Points, TCS Edges Higher Ahead of Q4 Results

Sensex was up over 100 points, tracking higher Asian markets.

Indian stock markets edged up in early trade today tracking higher Asian markets but rising global crude prices remain a concern. The Sensex was up 114 points at
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CCI Imposes Nearly 215 Crores Penalty On Eveready, Nippo

CCI invoked the provisions of Competition Act, 2002 against Eveready, Nippo

The Competition Commission of India (CCI) passed final order imposing penalty on three leading Indian Zinc-Carbon Dry Cell Battery manufacturers:
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SBI Asks Users To Withdraw Up To Rs 2,000/ Day From PoS Machines For Free

State Bank of India (SBI) will not be charging fees for cash withdrawal via PoS machines.

Amid the cash crunch faced by the country, State Bank of India (SBI), today allowed customers to withdraw money up to Rs 2,000 via Point of
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Vodafone SuperPlans: From Rs 21 To Rs 799. Details Here

Vodafone prepaid recharge plan of Rs 199 offers 1.4 GB of 3G/4G data per day.

Vodafone India is offering nine prepaid recharge plans under its range of SuperPlans, which offer unlimited calls and unlimited data. These prepaid recharge plans of Vodafone are priced at Rs 21, Rs 199 Rs 255, Rs 348, Rs 399, Rs 458, Rs 509, Rs 549 and Rs 799. "Get the
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Rupee Declines To 13-Month Low Of 65.80 Vs USD On Crude Shock

The rupee has depreciated by 60 paise in the recent spell of downtrend.

The rupee continued its losing streak for a fourth straight session to hit a fresh 13-month low of 65.80 a dollar on Thursday, dropping 14 paise as growing
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Sensex Ends 95 Points Higher; TCS Gains Ahead Of Q4 Earnings

The Sensex ended 95 points higher at 34,427 while Nifty rose to 10,565, up 39 points.

Stock markets closed higher today on the back of gains in metal stocks as global aluminium prices soared, while the country's biggest software
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ICICI Bank Loan Case: CBI Questions CFO of NuPower Renewables

ICICI Bank is under CBI scanner for a Rs 3,250-crore loan to the Videocon Group.

New Delhi: The CBI on Wednesday questioned Sunil Bhuta, the Chief Financial Officer (CFO) of NuPower Renewables, a company founded by the husband of ICICI Bank CEO and MD Chanda Kochhar, in connection with a Rs 3,250-crore loan from the bank to the Videocon Group in
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Sahara Group Can Sell Any Parcel Of Land In Aamby Valley By May 15

Sahara Group may sell Aamby Valley in small parts, Supreme Court ordered

The Supreme Court on Thursday allowed Sahara Group to sell properties in any parcel of its choice at the Aamby Valley City Project in Maharashtra by May 15,
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P G To Buy German Merck's Consumer Health Unit For $4.2 Billion

P-G is the make of Pampers diapers and Gillette razors

Procter - Gamble Co (P-G) has agreed to acquire Merck KGaA's consumer health unit for 3.4 billion euros ($4.2 billion), giving it vitamin brands such as Seven
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Income Tax Department Warns Against Filing Wrong Tax Returns

It added that the department may also prosecute the intermediaries and abettors.

New Delhi: The Income Tax Department on Wednesday cautioned salaried taxpayers not to under-report their income or inflate deductions and exemptions while filing tax returns, warning that wrong claims would be treated as cases of tax evasion. In a single-page advisory
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RBI Policy Could Turn Hawkish As Early As June, MPC Minutes Signal

The RBI's MPC members flagged several concerns, including an increase in MSP

The Reserve Bank of India (RBI) could take a more hawkish tone starting as early as June despite easing inflation, minutes of the monetary policy
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IndusInd Bank posted a nearly 27 per cent surge in its fourth-quarter net profit on Thursday, driven by higher interest income. Net profit climbed to Rs 953 crore in the quarter ended March 31, from Rs 752 crore a year ago, IndusInd Bank, the country's sixth-largest private lender by assets, said.

Gross bad loans as a percentage of total loans

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Best Offers From IndiGo, GoAir, Jet Airways, AirAsia On Flight Tickets

Flight ticket offer: AirAsia is offering up to 60% discount on base fares of all international flights.

Domestic airlines have come up with a host of offers in which they are providing with flight tickets at discounted rates,
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TCS Profit Jumps To Rs 6,904 Crore In Q4, Approves 1:1 Bonus Share Issue

TCS board approved a 1:1 bonus issue of equity shares, subject to approval of shareholders.

TCS, India's biggest outsourcer, on Thursday announced better-than-expected earnings for the quarter ended March 31, 2018. TCS reported a
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IRCTC To Launch 'Menu On Rail', Warns Against Other E-catering Options

Food ordered through the 'Menu on Rail' app of IRCTC will be available for four train categories.

Indian Railway Catering and Tourism Corporation (IRCTC) will  be launching the 'Menu On Rail' app through which customers will be
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Rupee Registers Fresh 7-Month Low Against US Dollar Today: 10 Points

At 65.66, the rupee marked the weakest closing level on Wednesday since September 27, 2017.

The rupee (INR) settled little changed at 65.66 against the US dollar (USD) on Wednesday. With that marginal fall, the rupee extended its
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Fortis Board Sets Up Committee To Oversee Process Of Takeover Bids

Malaysia's IHH Healthcare Bhd has made a proposed offer for Fortis worth $1.3 billion,

Fortis Healthcare's board met on Thursday to consider options after the hospital company became the target of rival takeover bids from companies that include IHH Healthcare, Manipal Health Enterprises, Hero Enterprise and Burman
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IRCTC Tatkal, Non-Tatkal Ticket Reservation: Here Are The Latest Rules

Railways has taken many measures to strengthen the online reserved ticketing system.

Indian Railways carries over 2 crore passengers per day and IRCTC is the e-ticketing arm of the Indian Railways. The Tatkal scheme, which was first introduced in 1997, is used for booking tickets at a very short notice. Under the non-Tatkal or general ticket
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Full GST Implementation Must To Avoid Tax Revenue Underperformance: IMF

In emerging markets, fiscal policy is appropriately focused on consolidation, says IMF.

Washington: India, which has recovered from disruptions caused by demonetisation and the rollout of the GST, must fully implement the new nationwide indirect tax to avoid tax revenue underperformance resulting in cuts to capital expenditures, the IMF said today.

I

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San Francisco: To help beginners learn coding on their smartphones, Google has launched a new learn-to-code app called Grasshopper.

Grasshopper has been created by a team of coders from Google's workshop for experimental products - "Area 120".

"Coding is becoming such an essential skill, and we want to make it possible for everyone to learn even

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Restrict Withdrawals To Rs 1,000 Per Account: RBI To Mumbai-Based Bank

City Co-operative Bank has to take approval from RBI to accept deposits (representational image)

The Reserve Bank of India has placed curbs on the business activities of Mumbai-based City Co-operative Bank and also said that customers of the cooperative bank will not be allowed to withdraw more than Rs 1,000 per
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SBI India's Most Trusted Bank, ICICI Tops In Private Sector: Report

51 brands from the BFSI sector got listed among the 1,000 most trusted brands.

New Delhi: At a time when the banking sector in the country is going through a topsy-turvy phase, the TRA Brand Trust Report 2018 on Wednesday said the State Bank of India was the most trusted bank (both public and private sector) in the country and ICICI Bank topped the
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