Business

After returning to black in the last quarter, lending major Punjab National Bank (PNB) has set a recovery target of Rs 10,000 crore for the concluding quarter, said the bank's Managing Director and Chief Executive Officer Sunil Mehta.

"The bank has set a recovery target of Rs 10,000 crore during the current quarter. The target for the next fiscal

Changes in the Sebi listing and prevention of insider-trading regulations, revisions in the double-taxation avoidance agreements (DTAAs) with Mauritius and Singapore are set to come into effect from April 1.

The changes in DTAAs give India the

A proposed infusion of Rs 1,000 crore into Jet Airways may prove to be "too little too late" to save the airline as it might require at least Rs 10,000 crore to stay afloat, industry observers said on Friday.

According to industry estimates, Jet Airways' total debt of Rs 8,000 crore, in addition to payables such as vendors' dues

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

A BSBD or basic savings bank deposit account is a type of zero balance savings account and does not require customers to maintain any particular minimum balance. Government-owned State Bank of India (SBI) and private sector lender HDFC Bank

Life Insurance Corporation (LIC), the country's largest life insurance company, offers few money back insurance plans among its life insurance products. One such insurance plan offered by the state-run company is LIC New Money Back Plan-20 Years. The New Money Back

India may increase oil imports from Brazil and Mexico to offset the loss of Venezuelan oil in the wake of US sanctions on the country.

Venezuela is the fourth largest oil supplier to India after Saudi Arabia, Iraq and Iran. It accounted for about 11 per cent of domestic oil supplies in

Oil-marketing companies increased the prices of petrol, whereas diesel prices were cut across the four metro cities on Saturday. Petrol prices were raised by 5 paise in all four metros. Petrol is priced at Rs. 72.81 per litre in New Delhi, Rs. 74.89

The BSE benchmark index - S-P BSE Sensex - snapped its eight-day winning streak led by declines in Reliance Industries, HDFC Bank, State Bank of India, Kotak Mahindra Bank and Maruti Suzuki. The S-P BSE Sensex and NSE

The luxury real estate segment with a customer base of its own did not witness a slowdown as significant as in the mid-level properties in the last few years and with the latest cut in GST rate, developers say, demand will pick up from here

The government has exceeded its disinvestment target for the current fiscal by Rs 5,000 crore, taking the total proceeds to Rs 85,000 crore, Finance Minister Arun Jaitley said Friday. This is the second highest disinvestment proceeds in a financial year

SpiceJet Ltd said on Friday it was in talks with lessors globally to induct aircraft, in an effort to fill a gap after the grounding of its MAX fleet.

The airline was forced to ground its 12 Boeing Co 737 MAX 8 planes by India's aviation watchdog due to safety concerns after an Ethiopian Airlines plane crash that killed 157 people earlier this

In a grim situation underlining the hard financial pressure on state-run operators, the Department of Telecom (DoT) has requested the state governments not to disconnect electric connections of BSNL/MTNL telecom installations and more so during the

Reliance Industries, operator of the world's largest oil refining complex, on Friday said in a statement it was not breaching US sanctions against Venezuela.

The company said that its recent fuel exports to Venezuela were agreed before Washington imposed

The Income Tax Department provides various forms for income tax assessees to file their ITR or income tax return. Meant for different types of taxpayers, such as salaried or self-employed individuals and companies, these income tax forms are known

Oil-marketing companies increased the prices of petrol, whereas diesel prices were unchanged across the four metro cities on Sunday. Petrol is priced at Rs. 72.86 per litre in New Delhi, Rs. 74.93 per litre in Kolkata, Rs.78.48 per litre in Mumbai and Rs. 75.67 per litre in Chennai, according

Lenders of cash-strapped Jet Airways are in the process of securing "substantial stake" in the ailing airline to try and revive it to a manageable state before selling it to new promoters, a senior finance ministry source said on Friday.

"Only after securing substantial stake in the airline, the lenders are planning to sell Jet Airways,

The rupee appreciated to as much as 68.53 against the dollar on Friday. Continued foreign fund inflows supported the rupee in the forex markets, say analysts. With that, the rupee was set to finish the week on

Automobile major Tata Motors will increase prices of its passenger vehicles range by up to Rs 25,000 starting April 2019.

The company said in a statement on Saturday that the prices will be hiked due to rising input costs and external economic conditions.

Accor

Small finance banks - aimed primarily at financial inclusion - often pay higher returns on term deposits - or fixed deposits (FD) - compared to private and public sector commercial banks and financial institutions such as the post office. Small

Fitch Ratings on Friday cut India's GDP growth forecast for the next fiscal year to 6.8 per cent from 7 per cent estimated earlier on weaker than expected economic momentum. In its latest Global Economic Outlook, Fitch also slashed GDP growth forecast for current fiscal year ending March 2019 to 6.9 per cent from 7.2 per cent projected

Derivative expiry coupled with key macro-economic data points and direction of foreign fund flow will affect the domestic equity market's trajectory during the upcoming week.

According to analysts, hopes of corporate earnings revival and

The rupee closed 12 paise lower against the dollar (INR Vs USD) on Friday, but managed to finish the week on a higher note. The rupee moved in a range of 69.10-68.53 against the greenback during Friday's session,

Oil hovered slightly below 2019 peaks on Friday, propped up by ongoing supply cuts led by producer club OPEC and by US sanctions on Iran and Venezuela.

Concerns that an economic slowdown might soon impact fuel consumption are preventing crude prices from rising further, analysts said.

Brent crude oil

SBI (State Bank of India), the country's largest lender, offers the option of opening a multi option deposit scheme (MODS) account under its personal banking portfolio. SBI multi option deposit scheme is a type of fixed deposit or term deposit scheme. A fixed

Demand for physical gold moderated this week in India as many jewellers held off on purchases ahead of the end of the country's financial year to pay off advance taxes, while premiums in Singapore rose slightly on tight supplies.

"As just a few days are left in the current fiscal year, many consumers (jewellers) are paying advance

The Gurugram-based budget airline operator- SpiceJet's share price surged as much as 14.24 per cent to Rs 104.70 on the BSE as trading volumes spiked in early hours. Trading volume in SpiceJet shares spiked by over five times its 20-day average.

Over 99 lakh SpiceJet shares changed hands on the BSE compared with an average of 19.74 lakh shares

Recurring Deposit (RD) is a kind of term deposit under which one needs to deposit a fixed amount at 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

Net employment generation in the formal sector touched a 17-month high of 8.96 lakh in January, according to payroll data from retirement fund body EPFO or Employees' Provident Fund Organisation. Provident fund body EPFO has been releasing payroll data from

The domestic equity benchmarks (Sensex and Nifty) erased early gains as oil - gas, energy, auto and banking shares came under selling pressure. The S-P BSE Sensex declined as much as 298 points from day's highest level of 38,564.71 and the NSE Nifty 50