Business

Axis Bank on Thursday reported a net profit of Rs 1,505.06 crore for the quarter ended March 31, as against a net loss of Rs 2,188.74 crore for the corresponding period a year ago. In a regulatory filing, Axis Bank said its total income from operations stood at Rs 18,324.31 crore for the fourth quarter of financial year 2018-19, up 25.86 per cent

Reliance Industries (RIL) shares jumped to clock a new 52-week high on Thursday. On the Bombay Stock Exchange (BSE), the Reliance Industries stock rose as much as 1.5 per cent to Rs 1,410.90, marking the highest intraday level recorded since it went ex-bonus on September 6, 2017. On the National Stock Exchange (NSE), the Reliance Industries share

Fixed deposits (FDs), also known as term deposits (TDs), are financial instruments provided by banks, post offices and non-banking financial companies (NBFCs). Bank FDs provide investors with a higher rate of interest than a regular savings account. In a fixed deposit account,

State Bank of India's Personal Gold Loan scheme enables applicants to avail personal loan against pledge of gold ornaments. Eligible forms of physical gold to avail a Personal Gold Loan from SBI include gold coins sold by banks. Individuals at least 18 years in age

Domestic share markets rose to a one-week high on Thursday, ahead of the expiry of April derivative contracts, with index heavyweights UltraTech Cement and Reliance Industries hitting record highs. The S-P BSE Sensex index jumped as much as 207.54 points to 39,262.22 in late morning deals, the broader NSE Nifty clocked an intraday high of

Boeing reported lower first-quarter profits Wednesday as the global grounding of its 737 MAX plane following two crashes hit results.

The US aerospace giant reported $2.1 billion in profits, down 13.2 per cent from same period a year ago. Boeing also withdrew its full-year profit forecast due to uncertainty surrounding the 737 MAX.

Get the latest ele

Gold prices on Thursday rose by Rs 150 to Rs 32,870 per 10 grams on fresh buying from jewellers, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. Silver also gained Rs 295 to Rs 38,520 per kg on more offtake by industrial units and coin

Domestic stock markets started Thursday's session on a cautious note ahead of the expiry of monthly derivatives contracts amid weakness in Asian peers. The S-P BSE Sensex rose as much as 47.99 points to 39,102.67 and the NSE Nifty moved to 11,749.30, up

Market regulator Securities and Exchange Board of India (Sebi) came down forcefully against Hotel Leelaventure, barring it from selling its four high-profile hotels and other assets to Canadian investment fund Brookfield Asset Management.

In the

Maruti Suzuki India Ltd forecast a weak rate of growth for the current fiscal year amid an industry-wide weakening of demand, sending the carmaker's shares down as much as 2 per cent.

The country's biggest automaker, majority owned by Japan's Suzuki Motor Corp, said it expected production and sales to grow between 4 per cent and 8 per cent for the

IRCTC (Indian Railway Catering and Tourism Corporation) Tourism is offering a tour package of five nights and six days to Negombo, Kandy, Nuwara Eliya and Colombo, the tourism arm of the Indian Railways, said on microblogging website, Twitter. The tour,

Uber Technologies said on Wednesday the head of its Asia-Pacific operations will leave the company at the end of next month, and will be replaced by Pierre-Dimitri Gore-Coty.

Amit Jain had joined the app-based ride-hailing company as its India

Domestic stock markets closed in the red on Thursday amid volatility as the monthly derivatives contracts for April expired. The S-P BSE Sensex fell 323.82 points, or 0.83 per cent, to end at 38,730.86, while the broader NSE Nifty finished 84.35 points or 0.72 p

The S-P 500 moved closer to its all-time high on Wednesday, while technology stocks nudged the Nasdaq to a record level, as investors took heart from a largely upbeat earnings season.

The S-P 500 is just 6 points shy of its intra-day record

Vande Bharat Express, a fully air conditioned train, runs on Delhi (NDLS)- Varanasi (BSB) route. It is considered to be country's first semi-high speed train. Also known as Train 18, it has a potential to travel up to the speed at 160 kilometres per

Brent oil rose above $75 per barrel on Thursday for the first time this year as quality concerns forced the suspension of some Russian crude exports to Europe while the United States prepared to tighten sanctions on Iran.

Brent crude futures were at

Tax authorities have alleged US consumer goods maker Procter - Gamble did not pass on more than $35 million in tax benefits which were meant to have gone to its customers, a senior government official told Reuters on Wednesday.

Separately,

The Nifty Energy index rose 1.84%, led by Indian Oil, Bharat Petroleum, Hindustan Petroleum and GAIL

GoAir is offering domestic and international flight tickets at a starting all-inclusive price of Rs. 2,765 and Rs. 7,000 respectively in a limited-period sale, according to the airline's official website - goair.in. Bookings under the offer can be made till May 1, 2019, said the private carrier. Under the offer, the cheapest flight ticket is

The rupee on Wednesday declined by 24 paise to close at 69.86 against the US dollar, weighed down by a strong dollar sentiment and high demand for the greenback from importers. The domestic currency dropped to more than four-month low of 69.97 in the day

Domestic stock markets surged in afternoon trade on Wednesday as buying picked up in energy and financial stocks. The S-P BSE Sensex jumped as much as 530.47 points to touch an intraday high of 39,095.35, and the NSE Nifty moved to 11,740.85, up 164.9 points from the previous close. Strong buying interest in banking, financial services, IT and

Maruti Suzuki India on Thursday reported a net profit of Rs 1,795.6 crore for the quarter ended March 31, meeting analysts' expectations. However, that marked a decrease of 4.6 per cent compared with that of Rs 1,882.1 crore for the corresponding period a year ago. In a regulatory filing on the BSE, Maruti Suzuki India said the quarter was "marked

Bharti Airtel offers a number of postpaid plans for its subscribers. Airtel offers plans in a range of Rs. 399 to Rs. 1,199 per month, according to the telecom major's official website, airtel.in. With these packs, the operator offers benefits such as subscription to Amazon Prime Video and Netflix, along with regular benefits of unlimited calling

The Reserve Bank of India's surprise announcement of new open market purchases of government bonds is a sign the central bank is stepping up efforts to increase the economic impact of its policy decisions, analysts say.

The RBI's two rate cuts

Domestic stock markets swung between gains and losses on Thursday, ahead of the expiry of April derivative contracts, and tracking weakness in Asian peers. The S-P BSE Sensex rose as much as 207.54 points to hit 39,262.22 and slipped as much as 65.23 points to an

Neogen Chemicals' Rs 132-crore IPO or initial public offer was subscribed 26.97 per cent at the end of the first day. 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 government panel tasked with framing guidelines for the transfer of Reserve Bank of India's surplus reserves is likely to submit its report by June end, the head of the panel said on Wednesday.

The panel has sought an extension over the stipulated 90 days period to finalise the report, Bimal Jalan, the head of the panel, told

Neogen Chemicals' Rs 132-crore IPO or initial public offer was subscribed more than two times on Thursday. 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 crore, opened for

Did you know you can open five kinds of savings and current accounts at the post office While India Post - which operates a network of more than 1.5 lakh post offices and over three lakh postmen across the country - provides a savings account, known as Post

GoAir has announced the launch of new domestic flights connecting Mumbai and Delhi with other cities, said the airline on its website, goair.in. The new flights will be effective from May 1, 2019, according to the carrier. GoAir's new flights will connect Mumbai with Ahmedabad, Ranchi, Jaipur and Chandigarh, among others. While, Delhi will be