Business

Nirav Modi Fraud: Fitch Downgrades PNB's Viability Rating To BB- From BB

Fitch had earlier warned PNB of downgrading its Viability Ratings

New Delhi: Following the multi-crore fraud that took place in the bank, Fitch Ratings on Tuesday has downgraded the Viability Rating of Punjab National Bank (PNB) to 'bb-' from 'bb' and has maintained the rating on Rating Watch Negative (RWN).

According to a statement from the credit

Details
Category: Business

Write comment (95 Comments)

EPF Members Can Correct Basic Details Online: EPFO To Subscribers

Earlier, the employee and employer had to make a joint request for change in basic details of a member

EPF or Employees' Provident Fund subscribers can request a change in their basic details online. This was said by the EPFO or Employees' Provident Fund Organisation on microblogging site Twitter. Retirement fund body EPFO provides an online
Details
Category: Business

Write comment (91 Comments)

Wipro Warns Results May Be Hit By Telecom Client's Bankruptcy

Wipro will announce results for the fourth quarter and year ended March 31, 2018, on April 25

IT major Wipro has said that its fourth quarter earnings could be hit as one of its telecom clients is undergoing insolvency
Details
Category: Business

Write comment (96 Comments)

Indira Gandhi Airport Ranked Among World's Top 20 Busiest Airports

Indira Gandhi International Airport jumped from 22nd rank in 2016 to 16th in 2017.

Mumbai: New Delhi's Indira Gandhi International Airport has jumped six places to enter the league of the top 20 busiest airports in the world for 2017 in terms of traffic. The GMR group-run airport jumped from the 22nd position in 2016 to 16th, solidifying its status
Details
Category: Business

Write comment (91 Comments)

Axis Bank Shares Surge 5% As CEO Exit Seen As Chance For Change

In afternoon trade, Axis Bank shares were trading 4.7 per cent higher at Rs 542.

Mumbai: The impending exit of Axis Bank's long-serving CEO will allow it to mend relations with regulators and investors, some analysts said,
Details
Category: Business

Write comment (93 Comments)

SBI or State Bank of India allows its customers to make cash withdrawals of up to Rs 40,000 per day from its ATMs. Using SBI's Classic Debit Card, SBI customers can withdraw up to Rs 40,000 in cash from the bank's network of
Details
Category: Business

Write comment (91 Comments)

JSW Steel, AION get creditors' nod for Monnet Ispat takeover

JSW Steel has also bid for another bankrupt steelmaker, Essar Steel

Creditors of India's Monnet Ispat and Energy Ltd have approved a joint bid from AION Investments and JSW Steel to take over the bankrupt firm, according to a
Details
Category: Business

Write comment (96 Comments)

SBI Savings Plus Account: Interest rates, Balance Requirement

The minimum threshold limit for transfer of multi option deposit account is Rs 35,000.

Customers can now link their State Bank of India (SBI) Savings bank account to multi-option deposit account and earn higher interest,
Details
Category: Business

Write comment (100 Comments)

Sensex Rises For Fourth Day, Nifty At 4-Week High: 10 Updates

The Sensex rose over 100 points in early trade while Nifty scaled the 10,400 mark.

Indian stock markets edged higher today, boosted by strong global equities. Asian shares bounced back today as Chinese President Xi Jinping promised to lower import tariffs on products including cars this year, helping soothe

Details
Category: Business

Write comment (90 Comments)

HDFC Raises Home Loan Rates. Find Out About New Home Loan Rates

HDFC Bank Home Loans get more expensive from April 1

In a precursor to higher EMIs (equated monthly instalments), HDFC announced the raising of its retail prime lending rates (RPLR) by upto 20 basis points, on which its variable
Details
Category: Business

Write comment (94 Comments)

Bitcoin Prices Fall Below $7,000 On RBI Ultimatum To Banks

On Zebpay, bitcoin price trades at Rs 4,38,350

On April 5, Reserve Bank of India (RBI) announced that all regulated institutions (read banks) must severe ties with the entities that deal with cryptocurrencies in the next three months. Besides this, the banks have been warned not to forge any new relation with an
Details
Category: Business

Write comment (100 Comments)

GoAir's Summer Offer: How To Avail Discount on Flight Tickets

Terms and conditions must be known in order to avail this offer, said GoAir.

GoAir is offering up to Rs 2,000 value back on its domestic flight tickets under its 'Summer offer', mentioned the airline on the official website -
Details
Category: Business

Write comment (97 Comments)

Indian Railways Tatkal Scheme: Rules You Should Know About Online Booking

Booking for Tatkal tickets of AC classes open at 10:00 am and for non-AC classes at 11:00 am.

To prevent misuse of Tatkal scheme, no refund is granted in case of cancellation of confirmed tickets except in some special
Details
Category: Business

Write comment (94 Comments)

Jio's IPL 2018 Rs 251 Pack, Jio Dhan Dhana Dhan LIVE And New Mobile Game

Jio's Rs 251 plan only offers data benefits with no calling or SMS benefits.

Telecom operator Reliance Jio recently launched a slew of offers for the cricket enthusiasts. Jio announced a new prepaid recharge plan priced at Rs
Details
Category: Business

Write comment (90 Comments)

Are PPF Partial Withdrawals Taxable All You Need To Know

PPF contribution, interest earned and maturity proceeds are all tax-free.

PPF or public provident fund is one of the most popular small savings schemes. For risk-averse investors, PPF is one of the most suitable schemes for savings towards retirement, say financial planners. PPF accounts have a maturity period of 15 years, which can be extended
Details
Category: Business

Write comment (94 Comments)

Gold Prices Rise Beyond Rs 31,500, Silver Gains: 5 Things To Know

Gold prices had gained Rs 150 in the previous two sessions.

New Delhi: Gold prices rose by Rs 50 to Rs 31,550 per 10 gram at the bullion market today due to buying by local jewellers, despite a weak trend overseas. Silver prices
Details
Category: Business

Write comment (94 Comments)

Katihar-New Delhi Humsafar Express Flagged Off: 10 Points

Image for representative purpose

Prime Minister Narendra Modi on Tuesday flagged off a new bi-weekly train called Champaran Humsafar Express, at the commemoration of the 'Satyagraha se Swachhagraha campaign'. The train will run
Details
Category: Business

Write comment (100 Comments)

Airtel's Rs 499 Plan Offers 2 GB Per Day Data For 82 Days

100 free SMSes are also available with Airtel's Rs 499 prepaid recharge plan.

Telecom operator Bharti Airtel recently launched a new prepaid recharge plan priced at Rs 499 that offers 2 GB per day of high-speed 3G/4G data for a
Details
Category: Business

Write comment (99 Comments)

Sensex Rises For Fourth Day In A Row, Nifty Settles Above 10,400

Axis Bank gained over 5 per cent and was among the top percentage gainer among the Nifty50 stocks.

Stock markets rose for a fourth straight session on Tuesday, tracking gains in global equities as conciliatory-sounding comments
Details
Category: Business

Write comment (91 Comments)