Business

State-run e-commerce firm MSTC Ltd's listing was fully subscribed on the final day of its initial public offering, stock exchange data showed on Friday.

The IPO, expected to raise as much as Rs 226 crore, was 1.12 times subscribed, with investors bidding for 1.99 crore shares.

The share sale in the e-auctioning, trading and recycling group comes as

Life Insurance Corporation of India (LIC), the country's largest life insurance company, among its various insurance products also offers annuity plans. One such single premium annuity or pension product offered by LIC is LIC Jeevan Shanti plan. LIC Jeevan Shanti plan is a single premium

India's oil imports from Iran in February plunged by over 60 per cent from a year ago to about 260,000 barrels per day (bpd) as New Delhi cuts imports under a sanctions waiver deal with Washington, data compiled by Reuters showed.

The United States

State-run Allahabad Bank is looking to raise around Rs 500-600 crore capital in the next fiscal through dilution in stake of its joint venture insurance company and also by selling non-core assets, an official said on Friday.

This comes close on the heels

IndiGo on Friday announced three new routes and fourteen additional domestic flight connections at a starting all-inclusive price of Rs 2,073. The new flights introduced by the carrier, will be operated on Chennai-Raipur, Hyderabad-Gorakhpur and

State Bank of India or SBI currently offers over 50,000 ATMs (Automated Teller Machines) in India, according to the lender's official website - sbi.co.in. SBI offers several types of debit cards such as SBI Classic Debit Card, State Bank ATM-Cum-Debit Card, SBI Global

Bank fixed deposits (FDs), the fixed income instruments that offer guaranteed returns, allow customers to make a lump sum investment and earn a fixed interest rate. In a FD account, money is deposited for a specific time, which varies from 7 days to ten years. Some fixed deposits come with

Average airfares soared after the country joined others in grounding Boeing 737 Max jets, shrinking capacity in the world's fastest-growing aviation market, where carriers have traditionally lured first-time flyers with ultra-cheap fares.

Average fares on

After more than a year, the long-drawn resolution process of Essar Steel seems to be finally moving towards closure with the Corporate Affairs Ministry ready to order a change in the management of the insolvent steel maker.

The move comes

India's trade deficit narrowed to $9.60 billion in February, dragged down by a fall in gold and oil imports, the trade ministry said in a statement on Friday.

Trade deficit was $14.73 billion in January.

In February, merchandise exports rose 2.44 per cent from

India will continue to implement economic reforms irrespective of who wins a general election beginning next month, a key government adviser said, seeking to reassure investors about policy continuity in one of the world's fastest-growing economies.

As reforms in the past

Gold prices were ruling almost flat at Rs 33,370 per 10 grams, while silver dropped Rs 410 to Rs 39,300 per kg on Thursday, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. Gold prices fell by Rs 15 at the bullion market, said the PTI report

Sluggish demand from local jewellers pulled down gold prices by Rs 260 to Rs 33,110 per 10 gram in the national capital on Friday, All India Sarafa Association said. Silver too dropped Rs 130 to Rs 39,170 per kg on low offtake by industrial units and coin makers.    

Trade

The rupee appreciated by 20 paise to 69.14 against the dollar in opening trade on Friday, driven by sustained foreign fund inflows and higher opening of domestic equities. 

The rupee opened at 69.28 at the forex market, then gained further ground and

Domestic equity benchmarks ended today's volatile session on a flat note as gains in IndusInd Bank, Kotak Mahindra Bank, HDFC and NTPC were offset by losses in ICICI Bank, Reliance Industries, Power Grid and HDFC Bank. The S-P BSE Sensex ended 2.72 points or 0.01 per cent higher at 37,754.89 and the NSE Nifty 50 Index rose 1.55 points or 0.01

Telecom companies are offering high speed internet data plans at attractive prices. Bharti Airtel, Vodafone Idea and Reliance Jio are offering internet recharge packs starting at Rs 198 for 2 GB of internet data per day. Aggressive pricing of mobile data by billionaire Mukesh

Domestic stock markets started Friday's session on a higher note tracking positive global cues amid unabated foreign fund inflow and strengthening rupee. The S-P BSE Sensex rose as much as 349.69 points to

Air passengers face the grim prospects of high air fares and fewer flight choices as several airlines cancel operations due to a number of reasons including the grounding of 737-MAX aircraft.

According to industry insiders, some sectors have shown a rise of more than 100

Some lessors of Jet Airways have begun terminating lease deals over unpaid dues and are preparing to move the leased planes abroad, escalating a crisis for the cash-strapped carrier, five sources with knowledge of the matter told Reuters.

Two lessors have applied to the Directorate General of Civil Aviation (DGCA) to deregister

Sebi on Thursday ordered Religare Finvest and Religare Enterprises to recall loans worth over Rs 2,300 crore that were diverted to promoters Shivinder Mohan Singh, Malvinder Mohan Singh and 21 other entities after finding preliminary evidence of fund diversions.

Religare Finvest Ltd (RFL) is a subsidiary of Religare Enterprises Ltd

Reliance Infrastructure Ltd said on Thursday it would sell a special purpose vehicle (SPV) in northern India for an enterprise value of Rs 3,609 crore, which will help the company reduce its debt by 25 per cent.

The decision is in line with the company's strategy to monetise non-core business and aim to be debt-free by the end of the financial

The S-P BSE Sensex and NSE Nifty 50 Index rose for a fifth day in a row led by a rally in banking and information technology heavyweights like Kotak Mahindra Bank, Tata Consultancy Services, HDFC Bank, Infosys, ICICI

India Post or Department of Posts, the postal system of the country, offers several savings schemes. It also offers the facility of opening an account under National Pension System (NPS), said India Post its official website, indiapost.gov.in. NPS

Petrol prices were marginally increased by up to 7 paise per litre while diesel rates were cut by up to 6 paise per litre across Delhi, Mumbai, Kolkata and Chennai on Thursday, according to state-run Indian Oil Corporation's official website - iocl.com. Currently, state-run oil marketing companies Indian Oil, Bharat Petroleum and Hindustan

Public Sector Banks (PSBs) may raise capital themselves to meet regulatory and growth capital needs because there is unlikely to be any fresh bank recapitalisation till the next government takes over in June, official sources said on Friday.

Finance Ministry sources also said the government has kept around Rs 5,000 crore as buffer for any

Etihad Airways on Thursday reported its third consecutive annual loss despite finding cost savings of nearly half a billion dollars as it cut its workforce and fleet.

The Abu Dhabi state-owned airline blamed challenging market conditions

Brent crude oil prices on Thursday hit their highest so far this year, pushed up by ongoing supply cuts led by OPEC and by US sanctions against Venezuela and Iran.

An unexpected dip in US crude oil inventories and production also lifted prices,

Domestic equity benchmarks (the S-P BSE Sensex and NSE Nifty 50 Index) were on track for a fifth straight day of gains led by a rally in banking and information technology heavyweights like Kotak Mahindra Bank, Tata Consultancy Services, HDFC Bank,

The rupee appreciated by 20 paise to close at a seven-month high of 69.34 against the US dollar on Thursday, extending gains for a fourth session in a row, on robust foreign inflows ahead of general elections. The domestic currency in the four sessions

Philip Morris International Inc's Indian partner charges machinery-related costs for manufacturing its Marlboro cigarettes in the country, the company said on Wednesday, following a Reuters article that showed it may have circumvented foreign direct investment