Business

Indian Railways' Operating Ratio Could Be Worst Ever In FY18 Since 2001

Railways' salary bill in 2017-2018 increased by around Rs 10,000 crore.

New Delhi: Railways' operating ratio, the direct indicator of working of the government-run transporter, could settle at 98.5 per cent for 2017-2018,
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Best Offers From Bharti Airtel, Vodafone, Reliance Jio and BSNL Compared

Airtel is offering 30 GB of data free of cost to its customers who upgrade to a 4G connection

In a time when the telecom sector in country is going through intense competition every player in the industry is trying to woo
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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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The takeover battle for cash-strapped Indian hospital operator Fortis Healthcare intensified on Friday with Radiant Life Care Private Ltd, the fifth suitor, entering the fray on Thursday.

In the non-binding offer, Radiant Life

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Petrol Price Surges To Rs 74.07 In Delhi, Highest Since September 2013

Globally, the oil surged to close to 3.5-year peaks on simmering Mideast tensions

Petrol price in Delhi soared to Rs 74.07 on Thursday. From Monday onwards, the petrol price has been hovering past Rs 74 a litre. The petrol prices
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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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Jet Airways Offers Discount On Economy Flight Tickets

or inbound journey, the travel period starts from January 15, 2019.

Jet Airways is offering 30 per cent discount on base fare in economy flights flying from India to select destinations in Europe, mentioned the airline on its official website - jetairways.com. Jet Airways' offer is applicable on all flights operated by the carrier and their
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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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Expected To Recover Rs 1,800 Crore From Mission Gandhigiri, Says PNB

The bank is also leveraging data analytics for loan recovery and risk management.

New Delhi: State-run lender Punjab National Bank is expected to recover around Rs 1,800 crore from its non-performing assets (NPAs) recovery mechanism -- "Mission Gandhigiri" -- which will soon complete one year of operation. A senior bank official told IANS the
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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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Rupee Falls To Lowest In More Than A Year Against Dollar

At day's low, rupee fell to 66.07 at day's low against the US dollar.

The weakness in the rupee continued today. The currency fell by 28 paise to breach the 66-level against the US dollar today, its lowest since March 2017. At
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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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GoAir Offers Flight Tickets From All-Inclusive Rs 1,304. Details Here

GoAir is offering domestic flight tickets starting at Rs 1,304 from Bagdogra to Guwahati.

GoAir airline is offering domestic flight tickets starting at an all-inclusive price of Rs 1,304 under its 'More destinations, Low Fare'
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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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In Minutes, TCS Makes Investors Richer By Rs 30,000 Crore

TCS also announced a 1:1 bonus issue of shares and a dividend of Rs 29 a share.

Shares of Tata Consultancy Services Ltd (TCS) surged over 5 per cent after India's top software services exporter posted better-than-expected earnings in the March quarter. On BSE, TCS shares rose to 3,354.75 at day's high, sending its
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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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Indian markets opened flat today amid weak global cues. The Sensex was down marginally at 34,415 while Nifty edged lower to 10,557. TCS shares rose over 3 per cent after posting better-than-expected Q4 results. Asian shares
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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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Petrol Prices Rise To 55-Month High, Diesel At Costliest Ever

Since the start of this year, in top cities, petrol prices have risen by over Rs 4 per litre.

Petrol and diesel prices continued to rise, hitting multi-year highs, amid an upward trend in global crude prices.  Petrol prices were raised marginally by 1 paisa on Friday, while diesel prices went up by 4 paise. Petrol
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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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Cash Crunch: Currency Shortage Could Be Superficial, Says SBI Report

Cash Crunch: During April in previous years too, the currency in circulation saw spikes

Mumbai: Cash withdrawals from ATMs actually declined in the January-March quarter of last financial year on the sequential basis, implying the current shortage could be "superficial", a report from State Bank of India said on Thursday. "Coming to withdrawals,
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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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