Business

Global investment firm KKR - Co Inc is leading a deal to acquire a controlling stake in India Grid Trust (IndiGrid), in a bet on the country's rapidly growing power sector, people familiar with the transaction told Reuters.

KKR, together with Singaporean sovereign wealth fund GIC, will acquire up to 57 per cent of IndiGrid for about

Boeing Co Chief Executive Dennis Muilenburg tried to bolster shareholder confidence in the company on Monday in his first general meeting since two fatal crashes of the 737 MAX triggered the jet's grounding, lawsuits and investigations.

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The Supreme Court last week gave the Reserve Bank of India "a last opportunity" to disclose details such as its list of wilful defaulters under Right to Information Act (RTI Act). The top court also directed

Amazon.com Inc's India unit saw a 56 per cent rise in the number of local merchants selling to international markets, hitting export sales of over $1 billion, the company said on Tuesday.

Indian merchants were exporting more than 140

State Bank of India or SBI, offers multi option deposit scheme (MODS) account under its personal banking portfolio. SBI's multi option deposit scheme is a type of fixed deposit or term deposit scheme. A fixed deposit is a financial instrument offered by banks which fetches

India's financial markets are closed on Monday for a general election in Maharashtra. Trading will resume on Tuesday.

The rupee closed at 70.02 per dollar and the 10-year benchmark bond yield ended at 7.53 per cent on Friday.

The benchmark BSE index and

The S-P BSE Sensex and NSE Nifty 50 indexes ended lower in today's session paced by selling pressure in Yes Bank, IndusInd Bank, Hero MotoCorp and Maruti Suzuki. However, the losses were capped as IT shares like HCL Technologies, Infosys, Wipro and Tata Consultancy Services witnessed buying interest.

The Sensex ended 36 points or 0.1 per cent

State Bank of India (SBI), the country's largest lender, is hiring junior associates for its customer support and sales teams across various states. SBI's recruitment team has invited applications from Indian citizens for clerical cadre and the candidate can apply in

Recurring Deposit (RD) is a kind of term deposit under which investors need to deposit a fixed amount at a fixed interval, which generates interest income. Unlike a fixed deposit (FD) account, in which a lump-sum amount is locked in for a defined period against

Kotak Mahindra Bank on Tuesday reported a net profit of Rs 1,407.80 crore for the quarter ended March 31. That marked an increase of 25.24 per cent compared with the net profit Rs 1,124.05 crore for the corresponding period a year ago. Shares in Kotak Mahindra B

Gold prices on Monday gained by Rs 30 to Rs 33,000 per 10 grams on the back of demand from jewellers, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. Silver also surged Rs 250 to Rs 38,700 per kg on increased offtake by industrial units and coin makers. Despite weak global trend, gold prices saw an upward

Regular savings bank accounts require customers to maintain a certain average monthly balance (AMB). Banks such as State Bank of India (SBI), HDFC Bank and ICICI Bank have fixed their average monthly balance requirements according to the location of a customer's

Hero MotoCorp shares fell as much as 4.73 per cent on the BSE after its net profit in January-March quarter declined on account of lower sale volumes. Hero MotoCorp's net profit declined 24.50 per cent to Rs 730.32 crore. Its profit stood at Rs 967.40 crore during the same

Sensing that the options to revive the grounded Jet Airways are fast running out, a group of airline employees has written to SBI seeking permission to allow a consortium of employees and external investors to bid for the company's management

After major reforms such as the Real Estate Regulation and Development Act (RERA) and the rationalisation of the Goods and Services Tax (GST), the likely resolution of the Jaypee Infratech Ltd (JIL) insolvency case will be another major

Oil-marketing companies increased the prices of petrol and diesel across the four metro cities on Tuesday. Petrol is priced at Rs. 73.13 per litre in New Delhi, Rs. 75.15 per litre in Kolkata, Rs. 78.70 per litre in Mumbai and Rs. 75.90 per litre in Chennai, according to state-run Indian Oil Corporation's (IOC) website, iocl.com. Petrol prices

Indian Oil Corporation Limited (IOCL), the country's largest commercial enterprise and largest state-run crude oil refinery operator, is hiring research officers and a chief research manager. The hiring is on for its research and development (R-D) facility located at

IRCTC (Indian Railway Catering and Tourism Corporation) Tourism is offering a tour package of five nights and six days to Kalimpong, Gangtok and Darjeeling, according to IRCTC Tourism's official website, irctctourism.com. The tour, which will start from Bhubaneswar, will

Yes Bank shares plunged as much as 30 per cent on Tuesday, after the private sector lender reported a net loss of Rs 1,506 crore for the quarter ended March 31. On the National Stock Exchange (NSE), the Yes Bank share price nosedived 29.76 per cent to an intraday l

Oil-marketing companies increased the prices of diesel, whereas petrol prices were unchanged across the four metro cities on Monday. Diesel rates stood at Rs. 66.66 per litre in New Delhi, Rs. 68.40 per litre in Kolkata, Rs. 69.77 per litre in Mumbai and Rs. 70.39 per litre in Chennai,

Johnson - Johnson has strongly rejected findings of a Rajasthan government laboratory showing presence of "harmful" chemicals in the US-based company's baby shampoo, a popular product in India. Based on the report of the Drug Testing Laboratory in

Jet Airways owes money to lessors, suppliers, pilots and oil companies

India Post, under the Department of Posts, offers a range of small savings schemes such as Sukanya Samriddhi Yojana. The interest rates on small savings schemes such as Sukanya Samriddhi Yojana are reviewed on a quarterly basis. Focussed on the girl child, Sukanya

Even as Deloitte Haskins and Sells remains perched precariously on the high wire over its questionable role in the IL-FS audit process, it appears that the Ministry of Corporate Affairs may invoke section 140 (5) of the Companies Act to debar

Domestic stock markets started Tuesday's session on a weak note dragged lower by Yes Bank whose shares plunged after the private sector bank reported a quarterly net loss. The S-P BSE Sensex fell as much as 219.47 points to 38,847.86 in early deals, while the NSE Nifty moved to 11,686.65, down 68 points from the previous close. Selling in

State Bank of India, the country's largest lender, and financial institutions such as the post office offer a maturity period ranging from seven days to 10 years for fixed deposits. The fixed deposit interest rate varies from 5.75 per cent to 7

Global crude oil prices along with macro-economic data points, coupled with fourth quarter (Q4) earning results might induce volatility in the domestic equity markets during the coming week.

According to market observers, the last few phases of the general election and the rupee's movement against the US dollar can also trigger volatility

IDBI Bank, the prime lender of Jaypee Infratech (JIL), has approached the Delhi bench of National Company Law Tribunal (NCLT) seeking extension of the 270-day deadline for the resolution of the company, sources said.

The deadline ends on May 6 and the Committee of Creditors (CoC) is likely to meet on April 30 to put to vote the

The State Bank of India on Monday filed a recovery suit against Prashant and Ravi Ruia, before the Debt Recovery Tribunal (DRT) in Gujarat.

Essar Steel Lenders led by the SBI are saddled with dues of over Rs 63,000 crore, including overdue interest and penalties.

The SBI will receive only a part of its dues as per ArcelorMittal's IBC Resolution Plan

Fixed deposits or FDs are secure financial instruments, which offer guaranteed returns. FD interest rates vary according to the tenure of the fixed deposit and across banks. In a fixed deposit account, money is deposited for a specific time, which varies from 7