Business

With effect from May 1, customers of State Bank of India (SBI) savings account will get less interest on deposits of more than one lakh rupees. The interest rates on deposits above one lakh rupees will stand at 3.25 per cent, which will be 2.75 per cent below

Physical gold demand was healthy this week in the country in the run up to a key festival and with the wedding season underway, while other top Asian hubs saw steady interest in bullion as global prices recovered from a 2019 low touched earlier this week.

Gold is

Neogen Chemicals' Rs 132-crore IPO or initial public offer was subscribed more than four times on Friday. Mumbai-based Neogen Chemicals' IPO, which comprises a fresh issue of shares worth Rs. 70 crore and an offer for sale (OFS) worth Rs. 62

The Finance Ministry has approved 8.65 per cent rate of interest on Employees' Provident Fund (EPF) for 2018-19 as decided by retirement fund body EPFO, benefitting more than 6 crore formal sector workers.

"The Department of Financial

India has once again delayed the implementation of higher tariffs on some goods imported from the United States to May 15, a government official said on Friday.

The new tariff structure was to come into force from May 2, the spokeswoman said without citing reasons for the delay.

Angered by Washington's refusal to exempt it from new steel and

The Supreme Court on Friday directed the Reserve Bank of India (RBI) to disclose information about its annual inspection report of banks and the list of wilful defaulters under the Right to Information Act (RTI). The bench was

Indian Railways passengers can change journey date of confirmed/RAC (Reservation Against Cancellation)/waitlisted tickets, according to Indian Railways' website- indianrailways.gov.in. The date of journey on these tickets can be preponed or postponed in the

Cash-strapped Jet Airways' chief executive officer, Vinay Dube, told the airline's staff that its group of lenders are unable to make any salary commitments until the bidding process is complete. The letter from Mr Dube comes at a time the airline owes money to its lessors, suppliers,

Tata Steel shares jumped 7 per cent amid large volumes on Friday, a day after the company reported its quarterly earnings. The Tata Steel stock rose as much as 7 per cent to an intraday high of Rs 546.50 in morning deals on the National Stock

GoAir is offering domestic flight tickets at a starting all-inclusive price of Rs 1,375 in a limited-period sale, according to airline's official website- goair.in. Bookings under the sale - valid for travel till October 6, 2019 - can be made till May 2, 2019, the

Unemployment in India averaged at 8.1 per cent in the first three weeks of April, think-tank CMIE or the Centre for Monitoring Indian Economy has said. The rate of unemployment in the country stood at 7.9 per cent in the first, 8.1 per cent in the second, a

Domestic stock markets started Friday's session on a higher note. The S-P BSE Sensex rose as much as 166.77 points to 38,897.63, and the Nifty moved to 11,697.55, up 55.75 points from the previous close. Strength in financial, metal and pharma stocks

The Reserve Bank of India (RBI) on Friday announced that it will shortly issue Rs 20 denomination banknotes, in the Mahatma Gandhi (New) series, bearing the signature of the central bank's governor Shaktikanta Das. The new Rs 20 note is greenish-yellow in colour,  the central

Surging global oil prices will pose a first big challenge to India's new government, whoever wins an election now under way, especially as domestic prices have been allowed to lag, meaning consumers are in for a painful surge as they catch up.

For the oil-import dependent country, higher global prices could lead to a weaker rupee, higher

SBI or State Bank of India offers a special type of account similar to a recurring deposit (RD). In SBI's Flexi Deposit account, instead of a fixed instalment every month, an investor can decide to change the amount of instalment every month, and even the number of monthly instalments, according to SBI's corporate website, sbi.co.in. The a

Petrol prices were increased by 6-7 paise per litre while diesel rates remained unchanged across Delhi, Mumbai, Kolkata and Chennai on Saturday, according to state-run Indian Oil Corporation's official website - iocl.com. Currently, the domestic prices of petrol and

Grounded Jet Airways' chief executive officer, Vinay Dube, told the cash-starved airline's staff that its group of lenders are unable to make any salary commitments until after the bidding process is complete. In a letter addressed to Jet Airways employees, Mr Dube wrote: "We have told them (banks) repeatedly that our employees are facing grave

Operational creditors of IL-FS on Thursday filed an application at the National Company Law Appellate Tribunal (NCLAT) seeking renewal or extension of some bank guarantees which have lapsed.

The appellate tribunal adjourned the case till April 29, 2019.

According to Section 5(20) of the Insolvency and Bankruptcy Code (IBC), an

Under a new head after the forced exit of its promoter-chief executive Rana Kapoor, Yes Bank on Friday reported a whopping Rs 1,506 crore net loss for the March quarter as against a profit of Rs 1,179 crore in the year-ago period as provisions soared

Domestic stock markets closed in the green on Friday, led by gains in financial, banking, oil and gas, metal and IT stocks amid easing global crude oil prices. The S-P BSE Sensex rose 336.47 points, or 0.87 per cent, to end at 39,067.33, while the broader NSE Nifty finished 112.85

Employees' Provident Fund (EPF) and Public Provident Fund (PPF) are two types of retirement savings plans. EPF is a mandatory contribution from the salary of an individual that every organization with more than 20 employees has to deduct. On the other hand, PPF is an optional investment avenue

Airline major SpiceJet on Friday said it will commence two new daily flights connecting the underserved market of Durgapur with Mumbai from June 25. The Durgapur-Mumbai-Durgapur route was awarded to the airline under UDAN III and is exclusive to the airline, thereby making it the

Domestic stock markets traded higher on Friday, with Tata Steel climbing the most in 14 months after the steelmaker beat expectations for quarterly profit. By afternoon, the BSE Sensex jumped as much as 342.77 points to 39,073.63, while the Nifty moved to

The rupee on Thursday slumped 39 paise to close at more than six-week low of 70.25 against the US dollar, reported news agency Press Trust of India (PTI). Rising crude oil prices and a late sell-off in domestic equity markets led to the fall in

The rupee rebounded by 23 paise to close at 70.02 against the dollar on Friday after Brent crude oil prices receded from a six-month high of $75.60/barrel. Forex traders said the greenback's weakness against key rivals overseas, sustained foreign fund

Shares of Axis Bank surged as much as 3.2 per cent on Friday, a day after the lender reported a net profit of Rs 1,505.06 crore for the quarter ended March 31. Axis Bank shares opened higher at Rs 762 apiece on the National Stock Exchange (NSE) and rose to an intraday

Online railway ticket booking: In case of senior citizens, IRCTC offers concession on fares.

The grounding of Jet Airways is turning into a quick windfall and long-term opportunity for international airlines keen to scoop up nearly a million outbound passengers from what was once the nation's biggest airline.

Jet, which previously had a

Maruti Suzuki India shares fell more than 2 per cent to their lowest in nearly a month on Friday, a day after the auto maker lowered its sales growth forecast amid an industry-wide weakening of demand. Maruti Suzuki India, which reported a 4.6 per cent

Tax authorities have alleged that a number of big multinational companies have not passed on benefits from a tax cut to customers, a senior government official told Reuters.

The official said, for example, that the tax authorities have alleged that US consumer goods maker Procter - Gamble did not pass on more than $35 million in tax