Business

India will get additional supplies from other major oil producing countries to compensate for loss of Iranian oil, Petroleum and Natural Gas Minister Dharmendra Pradhan tweeted on Tuesday.

The United States on Monday demanded that buyers

Private sector lender Axis Bank provides a range of fixed deposit maturities from seven days to 10 years. The bank offers interest rates to the tune of 3.50-7 per cent to the general public on fixed deposit (FD) up to Rs. 2 crore, according to its website, axisbank.com. The bank pays slightly higher returns to senior citizen customers. In the same

Domestic stock markets started the week on a lower note despite strong earnings announcements by heavyweights such as Reliance Industries and HDFC Bank. The S-P BSE Sensex fell as much as 235.05 points to 38,905.23, and the NSE Nifty moved to 11,668.90, down 83.9

Domestic stock markets started Tuesday's session on a higher note as the third and largest phase of the national election began this morning. The S-P BSE Sensex jumped as much as 183.9 points to touch 38,829.08 and the Nifty moved to 11,641.65 in early trade, up

Gold prices on Monday surged by Rs 200 to Rs 32,870 per 10 grams on fresh buying by local jewellers amid positive trend overseas, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. Silver, however, declined by Rs 30 to Rs 38,570 per kg on reduced offtake

IRCTC (Indian Railway Catering and Tourism Corporation) Tourism is offering a tour package of five nights and six days to Kochi, Munnar, Thekkady and Kumarakom, according to IRCTC Tourism's official website, irctctourism.com. The tour, which will start

International crude oil prices were near 2019 highs on Tuesday after Washington announced all Iran sanction waivers would end by May, pressuring importers to stop buying from Tehran.

Brent crude futures were at $74.40 per barrel at 0239 GMT (8:09 am

Indian equity benchmarks clocked their worst session of 2019 after crude oil rose to highest level in nearly six months on news reports that U.S. Secretary of State Mike Pompeo will announce "that as of May 2, the State Department will no longer grant sanctions waivers to any country that

Internal differences of opinion on employees taking over the management of Jet Airways did not permit pursuing the idea, but employees are ready to fully cooperate with any new investor for turning around the the financially crippled company, a senior official of the National Aviators Guild (NAG) said on Sunday.

The NAG is the union of Jet Airways'

Airline major SpiceJet will induct around 22 aircraft from the grounded fleet of Jet Airways on a sub-lease basis and deploy the first such plane on the domestic sector within the next few days, informed sources said on Monday.

The industry

The banks can lend some money to Jet Airways specifically for the purpose of paying employee salaries, a major bank employees' union official said on Monday.

This amount can be lent by the consortium of lenders to the financially crippled Jet Airways on lien against the airline employees' provident fund balance or gratuity, CH

As the May 6 deadline approaches to resolve the Jaypee Infratech Ltd (JIL) insolvency case, the battle to acquire the debt-laden company has become more intense with NBCC submitting a fresh bid on April 24 and the Adani Group also

GAIL (India) Ltd is set to complete the purchase seven wind power plants from debt-ridden Infrastructure Leasing and Financial Services (IL-FS), after offering Rs 4,800 crore ($689.3 million), IL-FS said on Monday.

The deal is expected to close within three weeks.

GAIL's offer contemplates no

India hopes the US will allow its allies to continue to buy some Iranian oil instead of halting the purchases altogether from May, a source familiar with US-India talks said on Monday.

The United States is expected to announce on Monday that buyers

Even as Jet Airways' lenders are confident of selling their stake in the temporarily grounded airline, they have prepared a contingency plan which includes taking the company to Debt Recovery Tribunal (DRT), sources said.

Industry insiders told IANS in Mumbai that all efforts are on to see that the stake sale process goes through as

A fixed deposit (FDs) is a secure financial instrument which offers guaranteed return. Financial institutions such as banks, post offices, small finance banks and non-banking financial companies offer fixed deposit accounts. Customers can deposit money in fixe

Reliance Industries (RIL) share price fell as much as 2.95 per cent on Monday, after the oil-to-telecom conglomerate's Gross Refining Margin (GRM), a measure of how much the company earns by refining a barrel of crude oil, declined 7 per cent sequentially to $8.2 per barrel from $8.8

The domestic equity market is expected to maintain its northward trajectory in the week ahead as healthy fourth quarter (Q4) earning numbers and anticipation of a stable central government will buoy investors' sentiments, analysts said.

Additionally, market observers pointed out

The United States on Monday said it will eliminate in May all waivers granted to eight economies allowing them to buy Iranian oil without facing US sanctions, as it ratcheted up pressure to choke off all oil revenues of the Islamic Republic.

T

HDFC Bank shares jumped on Monday but gave up all of the day's gains in afternoon amid a broad selloff, after the private sector banking major announced its earnings for the quarter ended March 31. HDFC Bank share price rose as much as 1.74 per

The Indian Pilots' Guild (IPG), one of Air India pilots' union, on Saturday urged the national carrier's management to hire just Boeing 777 (B-777) rated co-pilots on short-term contracts instead of hiring Captains who come at a high cost.

In a letter to the Director, Operations of Air India, the IPG, referring to information about the

The rupee on Monday plunged by 32 paise to close at a two-week low of 69.67 against the US dollar following a spike in crude oil prices on reports that the US will end waivers on Iranian oil imports. A fall in domestic equity markets also

The North Central Railway, a sub-division of Indian Railways, has revised the timings of Mumbai Chhatrapati Shivaji Maharaj Terminus (Mumbai CSMT)-Hazrat Nizamuddin Rajdhani Express Train with effect from April 17. The Mumbai CSMT-Hazrat Nizamuddin Rajdhani Express

The government has extended the last date for filing summary sales return, GSTR-3B, for March month by three days until April 23.

"Due date for filing GSTR-3B for the tax period March 2019 has been extended to April 23, 2019," a ticker on GST portal 'gst.gov.in'' said. 

The last date for filing summary sales return and payment of taxes for March is

US-based Blackstone Group agreed to buy a 51 per cent stake in Essel Propack Ltd, India's largest rigid plastic packaging provider said on Monday.

Blackstone will buy the stake from the Ashok Goel Trust at Rs 134 per share, representing a premium of 1.1 per

Petrol and diesel prices were unchanged across metros on Monday. Petrol price in Delhi stood at Rs 72.95 per litre on Monday, and the price of diesel was at Rs 66.46 per litre, according to Indian Oil Corporation. In Mumbai, petrol and diesel

Vistara has announced the addition of new flights for the summer peak period. The carrier will operate these flights on Mumbai-Delhi-Mumbai and Mumbai-Goa-Mumbai routes, according to the airline's official website- airvistara.com. The flights between Mumbai and Goa will be

Reliance Jio Infocomm, the country's newest telecom operator is offering Jio Cricket Season special data pack at Rs 251. Jio's Cricket Data Pack is a special pass for all cricket lovers created to cater to the high data consumption of cricket enthusiasts, Jio said in a statement. Meanwhile, Reliance Jio on Thursday reported net profit of Rs 840

Prospective investors in the temporarily grounded Jet Airways have asked lenders to take a massive haircut or write-off around 80 per cent outstanding debt of the airline which is more than Rs 11,000 crore, document and sources revealed on

Bank fixed deposits (FDs) are fixed income instruments which offer fixed returns for a pre-determined specific period of time. Bank FDs are meant for people who are looking for guaranteed returns, unaffected by market uncertainties, say analysts. These accounts require customers to deposit a