Business

Petrol Prices Rise To Multi-Year Highs Today, Diesel At Record Level

Petrol and diesel prices are broadly determined by global crude oil and the forex rates

Petrol and diesel prices were hiked on Monday. With that, petrol prices in Delhi rose back above Rs 74 per litre. After Monday's revision, effective 6 am, petrol prices were at Rs 74.02 per litre in Delhi, Rs 76.73 per

Details
Category: Business

Write comment (97 Comments)

Two Years Ago, RBI Found No Impropriety In Loans To Videocon: RBI Documents

The RBI had undertaken a scrutiny in mid-2016 after a PMO reference

Mumbai: The Reserve Bank of India (RBI) had two years back conducted a detailed scrutiny to probe allegations of impropriety in ICICI Bank extending loans to Videocon Group but found no proof of any "quid pro quo" or reciprocal benefits, according to RBI documents.

The RBI had

Details
Category: Business

Write comment (97 Comments)

Debt Mutual Funds: All 16 Types Of Fixed Income Financial Assets

Liquid mutual funds (MFs) are the ones with maturity of upto 91 days only

In order to bring uniformity in the mutual fund industry's investment options, the markets regulator Securities Exchange Board of India (SEBI) in October
Details
Category: Business

Write comment (98 Comments)

Aadhaar Micro ATMs: How they Work Explained In 10 Points

Aadhaar micro ATMs are like modified POS (Point of sales) device.

More than 58 crore individuals can now use Aadhaar micro ATMs (Automatic trailer machines) for banking transactions without ATM card or PIN, mentioned UIDAI
Details
Category: Business

Write comment (96 Comments)

Indian Railways Turns To Vacuum Toilets In 13 Trains As Bio Toilets Clog

All new Humasafar Express trains will also be equipped with vacuum toilets,

New Delhi: With its much-touted bio-toilets proving less than reliable, Indian Railways is turning to vacuum toilets for 13 premier trains, including the Howrah Rajdhani, Goa Rajdhani, Amritsar Swarn Shatabdi and Bandra-Patna Humsafar. The bio-toilets, which replaced open
Details
Category: Business

Write comment (99 Comments)

Buying Gold On Akshaya Tritiya Follow These Tips For a Good Deal

Before buying any gold jewellery remember to check the hallmark

New Delhi: Buying something as precious as gold is an investment in itself, so don't forget to assess its purity and compare your discounts, especially during the occasion of Akshaya Tritiya which is considered as one of the most auspicious days to buy gold in India, suggest experts.

Loo

Details
Category: Business

Write comment (93 Comments)

AirAsia India Offers Discount On All Domestic Flight Tickets Till October 22

In another offer, AirAsia is also offering discount on international flight tickets.

AirAsia India is offering up to 20 per cent discount on base fares of all domestic flight tickets under a promotional sale offer. Bookings for
Details
Category: Business

Write comment (93 Comments)

In PICTURES: Indian Railways Luxury Tourist Train Royal Rajasthan On Wheels

'Royal Rajasthan on Wheels' is an upgraded version of world famous 'Palace on Wheels'.

Indian Railways' operated Royal Rajasthan on Wheels is a luxury tourist train, designed and embroidered in a contemporary royal style.
Details
Category: Business

Write comment (91 Comments)

Infosys To Hold Analysts' Meet On April 23, May Unveil New Strategy

Infosys reported a 2.4 per cent rise in the March quarter net profit

New Delhi: Infosys on Saturday announced it will hold an analysts' meet on April 23 in Mumbai where the Bengaluru-based outsourcing giant is expected to unveil its new strategy. The IT major on Friday reported a 2.4 per cent rise in the March quarter net profit and projected
Details
Category: Business

Write comment (93 Comments)

Infosys Shares Slump, Rs 15,000 Crore Market Value Gone Within Minutes

Infosys share prices fell as much as 6 per cent today in early trade.

Shares of Infosys, which announced its Q4 earnings on Friday, fell as much as 6 per cent today in early trade. This wiped nearly Rs 15,000 crore off Infosys market capitalisation within minutes of market opening. Infosys shares fell to Rs 1,099 at day's low as compared to its
Details
Category: Business

Write comment (90 Comments)

New Delhi: The Reserve Bank of India's (RBI) announcement on cryptocurrency has not only stirred the market but left both the traders and investors in a state of loss with many of them thinking of wrapping up their operations. "This unprecedented move by the RBI has stirred the market and impacted the industry at various levels. The exchanges have
Details
Category: Business

Write comment (92 Comments)

Air India Privatisation: Pilots Unions To Meet Chairman On Tuesday

The government plans to offload 76 per cent equity share capital in Air India

Mumbai: Air India has called a meeting of its pilot unions in New Delhi next week to discuss about the proposed strategic disinvestment amid opposition from other employee unions. On April 5, Air India chairman and managing director Pradeep Singh Kharola had held a
Details
Category: Business

Write comment (96 Comments)

Air India Resumes Delhi-Durgapur Direct Flight Service. Check Schedule Here

The flight that came from Delhi to Durgapur's Andal airport early on Sunday.

Kolkata: National carrier Air India on Sunday reintroduced its direct flight service between West Bengal's Durgapur and Delhi after a gap of nearly two
Details
Category: Business

Write comment (100 Comments)

E-Way Bill For Intra State Movement Of Goods Rolled Out In 5 States. Details Here

E-way bill system has been rolled out in the five states

E-way bill system for all intra-state movement of goods in the states of Andhra Pradesh, Gujarat, Kerala, Telangana and Uttar Pradesh is slated for April 15. The Central Board of Indirect Taxes and Customs (CBIC) has laid out a detailed procedure with respect to time bound uploading of
Details
Category: Business

Write comment (96 Comments)

How To Invest In Atal Pension Yojana For A Monthly Pension Of Rs 5,000

One can start investing in APY scheme between 18 and 40 years of age

Rs 5,000 per month. If that is the pension you desire after turning 60, you can take two routes - either invest Rs 210 per month for 42 years or invest Rs 1,454
Details
Category: Business

Write comment (96 Comments)

Sensex Falls Over 200 Points, Infosys Shares Slump 5%

Infosys shares fell nearly 5% today.

Indian stocks markets fell sharply lower amid mixed Asian markets and a slump in Infosys shares. The Sensex was down nearly 200 points while Nifty fell to 10,426, down nearly 50 points. Shares
Details
Category: Business

Write comment (97 Comments)

Super-Fast AC Rajdhani From Mumbai To Delhi Trips Extended For One Month

Mumbai-Delhi Super Fast AC Rajdhani Train halts at Surat, Vadodara and Kota stations

To facilitate passengers and to clear extra rush, Western Railway has decided to extend the trips of Bandra Terminus - Nizamuddin Tri-Weekly
Details
Category: Business

Write comment (91 Comments)

Reliance Jio Raises About $500 Million Via Samurai Loan

The seven-year term loan is guaranteed by Jio's parent company Reliance Industries

New Delhi: Reliance Jio Infocomm Ltd, the telecom unit of Reliance Industries Ltd (RIL), said it has raised 53.5 billion yen ($498.5 million) through a loan from Japanese banks.

The seven-year term loan is guaranteed by Jio's parent company and will be used to fund

Details
Category: Business

Write comment (97 Comments)

Jet Airways Offers Discount On Premiere Flight Tickets. Details Here

Tickets are valid for 12 months from the date of commencement of journey.

Jet Airways is offering premiere flight  tickets at a starting price of Rs 6,808 under its 'Book Early, Save More' promotional scheme, mentioned the
Details
Category: Business

Write comment (100 Comments)

CBI Files Case Against Former UCO Bank Chairman

CBI said in a statement that Arun Kaul had helped clear the loan

The Central Bureau of Investigation (CBI) said on Saturday it has filed a case against a former chairman of state-run UCO Bank and several business executives
Details
Category: Business

Write comment (94 Comments)

Fixed Deposit Rates Of Small Finance Banks Stay Ahead Of SBI's

The interest rate offered by ESAF finance bank ranges between 5.75% and 8%

As the fixed deposit (FD) interest rates offered by State Bank of India (SBI) and other mainstream banking corporations hover around 6.4% (for one-year deposits), there are small finance banks such as ESAF Small Finance Bank that continue to
Details
Category: Business

Write comment (90 Comments)

UCO Bank Fraud: CBI To Question Ex-CMD In A Couple Of Days, Says Report

Arun Kaul was the CMD of UCO Bank between 2010 and 2015

New Delhi: The federal agency Central Bureau of Investigation (CBI) is expected to question former chairman and managing director (CMD) of UCO Bank Arun Kaul in connection with probe into an alleged Rs 737 crore bank loan fraud case, officials said on Sunday. A Central Bureau of Investigation
Details
Category: Business

Write comment (92 Comments)

IRCTC Offers Enticing Packages This Summer On Nilgiri Mountain Railway

Nilgiri Mountain Railway take tourists to Ooty and Coonoor

IRCTC Tourism provides several packages from time to time. Currently, they offer four different packages for the ones who are keen to savor the lush green beauty of
Details
Category: Business

Write comment (94 Comments)

Should you go for Dividend Or Systematic Withdrawal Plan Option

Many fund houses usually offer SWP in two options.

From the start of this financial year, dividend payouts from equity mutual funds have lost their tax-free status. Till March 31, 2018, dividends distributed by equity-oriented
Details
Category: Business

Write comment (91 Comments)

SBI Zero Balance Savings Account: How To Open It And Other Details Here

SBI savings bank account with zero balance account is KYC (Know your customer)-complaint.

State Bank of India (SBI) basic savings bank deposit account can be opened and maintained even with a zero balance, said country's largest
Details
Category: Business

Write comment (90 Comments)

Martin Sorrell Quits As Head Of World's Biggest Ad Group WPP

WPP said the investigation against Martin Sorrel had concluded

London: Martin Sorrell, who built WPP into the world's biggest advertising agency through 33 years of deal making, quit on Saturday after an allegation of personal misconduct. The departure of the CEO who built a two-man outfit into one of Britain's biggest companies with 200,000 staff
Details
Category: Business

Write comment (98 Comments)

Coinsecure Offers Rs 2 Crore Bounty For Help To Recover Stolen Bitcoins

The bitcoins that have been compromised are 438.31859715 in number.

Coinsecure that reportedly lost nearly $3 million worth bitcoins (around Rs 20 crore in Indian currency) announced a bounty of 10% for any help towards the recovery of the stolen bitcoins. "We are happy to issue a bounty of 10% to the community for
Details
Category: Business

Write comment (96 Comments)

SBI Savings Bank Account Compared To Savings Plus Account

A passbook is issued in all saving bank accounts.

State Bank of India (SBI) offers savings bank account options for customers. A savings account is a basic account that keeps customers' money safe and helps them grow their
Details
Category: Business

Write comment (96 Comments)

Bhim App Users Eligible For Cashbacks Worth Rs 750 Every Month

Bhim App offers Rs 51 cashback on completing first financial transaction

In order to woo more customers to use the Bhim App, the National Payments Corporation of India (NPCI)-led United Payment Interface (UPI) application BHIM
Details
Category: Business

Write comment (90 Comments)

Diamond Firm Showed Inflated Turnover To Procure Rs 2,650 Crore Loans

DPIL is accused of cheating various banks to the tune of Rs 2,654 crore

The Income Tax (I-T) department's ongoing searches at the premises of Vadodara-based firm DPIL have revealed that its promoters obtained loans by showing a
Details
Category: Business

Write comment (100 Comments)