Business

Budget passenger carrier SpiceJet will commence a daily direct flight connecting Mumbai with Bangkok from May 17, 2019.

According to the airline, Bangkok is the second international destination after Dubai that it will connect with a direct flight from Mumbai.

The airline already operates non-stop flights from Bangkok to Ahmedabad, Amritsar, Delhi

The S-P BSE Sensex and NSE Nifty 50 Indexes rebounded after two days of declines closing firmer for a seventh consecutive week, as positive global cues added to investor risk appetite a day after the Reserve Bank of India (RBI) slashed a key

Jet Airways is currently operating a fleet of 26 planes and the airline right now fulfils the criteria for operating on international routes, Civil Aviation Secretary Pradeep Singh Kharola said on Thursday. On Wednesday, Mr Kharola had said that Jet

The rupee slipped by six paise to finish at 69.23 against the dollar on Friday, largely owing to increasing demand for the greenback from importers. Forex traders said strengthening of the dollar against key currencies overseas also kept the rupee under

Lessors to Jet Airways are planning to ask the country's aviation regulator to de-register many more planes leased to the airline, three sources told Reuters, signalling that a planned bailout of the troubled carrier is failing to

India Post, which has a network of more than 1.5 lakh post offices across the country, offers nine types of saving schemes. These include the savings account, the five-year recurring deposit (RD), the time deposit or fixed deposit (FD), the Monthly Income Scheme (MIS)

The Income Tax Department has notified forms for assessees to use for filing the returns for financial year 2018-19 (assessment year 2019-20). Meant for individuals and companies, the I-T department

Lenders to India's Jet Airways said on Thursday that they intend to push forward with their plan to rescue the troubled airline, but offered no clarity on interim funding, leaving the future of the carrier hanging in the balance.

Last month, Jet's lenders, led by State Bank of India (SBI) , agreed to bailout the airline in a complex deal that

Halting its three-day winning run, the rupee plunged 76 paise on Thursday to close at 69.17 against the US dollar after the RBI cut the interest rate but kept its monetary policy stance "neutral". In its first bi-monthly policy review for this financial year, the

Polycab India's IPO or initial public offer, which opened for subscription on Friday, was subscribed more than 71 per cent on the first day of issue. The Polycab IPO worth up to Rs. 1,346 crore comprises a fresh issue of Rs 400 crore and an offer for sale (OFS) of up to Rs. 946 crore by its promoters. Polycab India is offering more than 17.63

Avolon, one of the world's biggest aircraft lessors, applied to de-register two planes it had placed with Jet Airways Ltd, making it the first lessor to do so on a non-consensual basis with the struggling Indian airline.

Two subsidiaries of Dublin-based Avolon applied to

SBI or State Bank of India offers a number of schemes under its personal banking portfolio. One such scheme offered by the country's largest bank is SBI Tax Savings Scheme, 2006, which is kind of fixed deposit or term deposit. Resident Indians as an

Country's largest commercial oil company briefly stopped supplying fuel to Jet Airways on Friday, in a sign that the woes of the beleaguered carrier are far from over.

The Indian Oil Corporation (IOC) halted supplies to the debt-addled airline at noon on Friday for

The S-P BSE Sensex rose over 200 points and the NSE Nifty 50 index surpassed 11,650 led by buying interest in Tata Consultancy Services, Infosys, ICICI Bank, IndusInd Bank, Kotak Mahindra Bank and Reliance Industries. Meanwhile, FMCG heavyweights like Hindustan Unilever

Reserve Bank of India (RBI) Governor Shaktikanta Das said on Thursday that the recent Supreme Court ruling did not take away the powers of the central bank, nor would it impact the major default cases undergoing insolvency proceedings.

The S

Private sector lender Lakshmi Vilas Bank will merge operations with housing finance firm Indiabulls Housing Finance in a share-swap deal, the companies said in a filing on Friday.

Shareholders of the Chennai-based bank will get a 0.14 share in

The UIDAI or Unique Identification Authority of India, the issuer of 12-digit personal identification numbers under the Aadhaar programme, offers a variety of services online. Through its “self-service portal”, uidai.gov.in, the UIDAI enables users to ver

The beleaguered Videocon Group has admitted to stupendous outstandings to various lenders - public and private - amounting to over Rs 90,000 crore, making it perhaps the biggest corporate bankruptcy case in Indian banking history, official sources

The RBI is likely to adopt a more accommodative approach towards resolution of stressed assets when it issues a revised circular sometime in the next few days, against the February 12 circular quashed by the Supreme Court.

Sources said the major

Did you know that small finance banks often pay interest on fixed deposits (term deposit) at higher rates than commercial banks Small finance banks, which are aimed primarily at financial inclusion, often pay higher returns on fixed deposits (FDs) compared

Vistara has announced the addition of 14 flights for the summer peak period, according to the airline's official Twitter handle- @airvistara. The carrier will operate the flights on Mumbai-Bengaluru, Mumbai-Hyderabad and Mumbai-Kolkata routes, effective from April 16, 2019. These flights will be available till July 15. Vistara's announcement comes

Reliance Jio Infocomm, which offers wireless telecom services under the brand name Jio, offers a variety of international roaming plans. Reliance Jio offers two types of international roaming recharge plans: unlimited packs (valid in 20 countries) and global packs (applicable in

Asian share markets consolidated their weekly gains on Friday as Sino-US talks produced a lot of headlines but no conclusions, while caution ahead of US payrolls and a holiday in China dampened volatility.

MSCI's broadest index of Asia-Pacific shares outside Japan eased

The Reserve Bank of India (RBI) on Thursday said it would set up a task force to study the international best practices and develop a "thriving" secondary market for corporate loans. In a statement of developmental and regulatory policies

Polycab India's IPO or initial public offer opened for subscription on Friday. The Mumbai-based Polycab India is a manufacturer and marketer of a range of electrical products such as wires and cables. The Polycab IPO worth up to Rs 1,346 crore comprises of

Amid uncertainty over future of Jet Airways, the consortium of SBI-led lenders on Thursday said bids for selling stake would be invited on April 6 and other options would be explored in case the stake sale efforts does not result in an "acceptable outcome".

After taking stock of the current situation at cash-strapped Jet Airways, which

Fitch on Thursday retained sovereign rating at 'BBB-', the lowest investment grade, with stable outlook, saying a weak fiscal position continues to constrain its rating. This is the 13th year in a row that global rating agency Fitch has rated country at 'BBB-'. It had last upgraded country's sovereign rating from 'BB+' to 'BBB-' with a s

Gold prices advanced by Rs 100 to Rs 32,770 per 10 gram in the national capital on Friday, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. Increased buying by jewellers led to the rise in gold prices, traders were quoted

Telecom majors Bharti Airtel and Reliance Jio are set for another face-off, this time in the entertainment segment as both the companies plan to offer bids for stake in the Zee Entertainment Enterprises, sources privy to the development

Avolon, one of the world's biggest aircraft lessors, applied to de-register two planes it had placed with Jet Airways, making it the first lessor to do so on a non-consensual basis with the struggling airline.

Two subsidiaries of Dublin-based Avolon applied to Directorate General of Civil Aviation (DGCA) to de-register two Boeing