Business

Swedish telecom equipment maker Ericsson has received Rs 462 crore ($67.42 million) from telecom firm Reliance Communications (RCom), a spokeswoman for Ericsson said on Monday. The payment to Ericsson comes within the deadline set by the top court

Domestic equity benchmarks (Sensex and Nifty) surged along with the Indian rupee (INR) on the back of strong foreign fund inflows. The Nifty 50 index reclaimed its crucial psychological level of 11,500 as both the indexes continue to

The employees of IDBI Bank have opposed the bank's categorisation as a private lender and are seeking the option to switch to any other nationalised bank with protection of pay and service.

"The All India IDBI Officers' Association (AIIDBIOA) proposes to go on a

Domestic equity benchmark indexes logged in sixth straight day of gains led by buying interest in private sector lenders like HDFC Bank, Axis Bank, Kotak Mahindra Bank, ICICI Bank and IndusInd Bank. The S-P BSE Sensex rose 71 points or 0.19 per cent to end at 38,095 and the NSE Nifty 50 Index advanced 35 points or 0.31 per cent to close at

Asian shares pulled ahead on Monday while bonds were in demand globally on mounting speculation the US Federal Reserve will sound decidedly dovish at its policy meeting this week.

Japan's Nikkei led the way with a rise of 0.56 per cent, and MSCI's broadest index of Asia-Pacific shares outside

Fixed deposits (FDs), also known as term deposits, offer guaranteed returns on investments. In a fixed deposit account, money can be invested for a higher rate of interest than savings accounts. One can deposit a lump sum of money in fixed deposits for a

A weak global trend and easing demand from local jewellers pulled down gold prices by Rs 280 to Rs 32,830 per 10 grams at the bullion market on Monday, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. Besides, silver prices drifted down by

Domestic equity benchmarks are set to open higher as indicated by the Nifty futures traded on the Singapore Exchange. The SGX Nifty or Nifty futures traded on Singapore Exchange rose 0.23 per cent or 26 points to 11,500. In Friday's session, the benchmarks clocked their fifth

India Post, under the Department of Posts, which runs postal services in the country, also offers banking facilities. Besides allowing customers to open a savings account like banking peers, post offices also offer a number of saving schemes. Two such

Oil-marketing companies increased the prices of petrol, whereas diesel prices were slashed across the four metro cities on Monday. Petrol prices were raised by 7 paise in all four metros. Petrol is priced at Rs. 72.78 per litre in New Delhi, Rs. 74.86 per

The Department of Telecom has sent a communication to the sector regulator TRAI seeking its views on the possibility of giving 4G spectrum to BSNL outside auction under a preferential equity infusion route.

This is being done in view of the Supreme Court earlier judgement that all natural resources be sold through auction only. The

Indian Railways offer concessions on ticket prices to different categories, the quantum of which ranges from 10 per cent to 100 per cent. The reductions in fares are available for senior citizens, disabled passengers, students, war widows, patients,

Life Insurance Corporation of India (LIC), the country's largest life insurance company, also offers endowment plans among its various insurance products. LIC's one such endowment product is LIC New Jeevan Anand Policy. An endowment plan works in a

Regular savings bank accounts require customers to maintain a certain average monthly balance (AMB) every month. Leading banks such as State Bank of India (SBI), Punjab National Bank (PNB), HDFC Bank and ICICI Bank have fixed their monthly average balance

Country's largest lender State Bank Of India (SBI) offers car loan scheme with a repayment tenure of up to 7 years, according to its website- sbi.co.in. This type of loan can be used to buy all type of passenger cars, multi

Jet Airways said on Monday it has grounded four more planes and would delay paying interest on maturing debt in a fresh sign of deepening liquidity crisis engulfing the carrier saddled with over $1 billion debt. 

The country's second-largest carrier has delayed payments to its pilots, suppliers and lessors for months and defaulted on loans, as it

After reducing time to list shares on the stock exchanges post-closure of initial public offerings (IPOs), markets regulator Sebi is aiming to cut down the time for listing of rights issue shares, an official said. In September last year, the Securities and Exchange

GoAir is offering domestic and international flight tickets at a starting all-inclusive price of Rs 1,699 and Rs 5,099 respectively in a limited-period sale, according to airline's website - goair.in. Bookings under the sale - valid for travel

Shares of the Bengaluru-based information technology company - Mindtree Ltd. rose as much as 2.38 per cent on the BSE to Rs 968.55 and its price on the National Stock Exchange Mindtree share price advanced to Rs 970 after it informed exchanges that its board will meet

The country's largest life insurer Life Insurance Corporation (LIC) may propose a timeline of 3-5 years for cutting down its stake in the recently acquired IDBI Bank to comply with insurance regulator Irdai's norm of 15 per cent stake in a

Petrol prices were increased by up to 8 paise per litre while diesel rates were slashed by 7-8 paise per litre across four metro cities on Saturday, according to state-run Indian Oil Corporation's official website - iocl.com. Currently, the

Domestic share markets reversed early gains on Monday despite strong fund inflows and advances in Asian peers. By afternoon, the Sensex shed as much as 398.11 points from the day's strongest level, while the Nifty declined 114.5 points from the intraday high of 11,530.15. Selling in auto stocks offset buying in energy and select banking counters. A

More investments with strict riders have been planned to make Air India financially attractive before starting any new round of divestment, Union Minister Suresh Prabhu has said.

As per the plan, Air India would be allowed to induct more aircraft

Cash-strapped Jet Airways pilots' union has written to the government, seeking its help in recovering their pending salaries along with the accumulated interest.

Jet Airways currently has 1,900 pilots on its rolls. In a letter written to Minister of Labour and Employment Santosh

Shares of Dewan Housing Finance Corp Ltd (DHFL) rose as much as 4.4 per cent on Monday, after Chief Financial officer Santosh Sharma was redesignated to another role.

Sharma will stay on as head-corporate strategy, the home loan provider said in an exchange filing on

Short-term volatility may persist in key domestic equity indices, as profit booking dents investors' risk-taking appetite during the upcoming trade week, market observers said.

However, on a weekly basis, the key equity indices are expected to rise

Rising for the fifth straight session, the rupee on Friday jumped 24 paise to close at 69.10 against the US dollar on sustained foreign fund inflows and heavy buying in domestic equities. Forex traders said the dollar's weakness against its key rivals

Indian rupee rose against the dollar as it strengthened past 69 per dollar mark for the first time since August 2018 on the back of strong foreign fund flows in the domestic equity markets and narrowing trade gap. The rupee rose 18 paise or 0.25 per cent to 68.92 versus

Institutional investors, responsible for most of the trading in the financial markets are betting big on domestic markets, especially, banking stocks, which may drive major indices to fresh highs ahead of the polls.

The Foreign Institutional Investment (FIIs) in

Embattled Jet Airways put photographs of smiling women employees on social media last week for Women's Day, using the tagline "Standing tall; touching the skies" but few passengers reacted cheerfully.

"'Touching the skies' is a good joke at a time when your flights are getting grounded,"