Business

India's fiscal deficit touched Rs 7.7 lakh crore ($108.36 billion) in April-January, government data showed on Tuesday. That meant the deficit stood at 121.5 per cent of the budgeted target for the current fiscal year.

Earlier this month, while

A tax cut by the government to help the country's troubled housing sector should boost home sales, but by itself will not be enough to put cash-short developers on more solid ground, say industry executives.

On Sunday, the GST Council said the sales-tax on

National Insurance Company, a Government of India enterprise, offers various health insurance products. Among these, it offers a special insurance policy covering critical illnesses such as cancer, heart disease, kidney failure etc. Called National Critical

India Post or 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. Interest

Shares of Dewan Housing Finance Corporation plunged as much as 8.2 per cent on Tuesday, a day after ratings agency ICRA cut its rating on the company's commercial papers. DHFL shares opened lower at Rs 130.50 apiece on the National Stock Exchange (NSE) and

The Adani group has won the bid to operate five out of six airports that were put for privatisation by the central government, a senior official of the Airports Authority of India (AAI) said on Monday. Adanis were the highest bidder

Did you know you can check the status of your filed income tax return online The Income Tax Department enables income tax assessees to check the status of their ITR (income tax return) online through its e-filing portal, incometaxindiaefiling.gov.in.

The rupee depreciated by 30 paise to 71.30 against the US dollar in early trade on Tuesday at the forex market on fresh demand for the US currency from importers. Strength in dollar against some currencies overseas and a lower opening in domestic equities kept pressure on the domestic unit, dealers said.

On Monday, the rupee firmed up by 17

Gold prices were flat at Rs 34,590 per 10 grams on scattered demand while silver prices rose by Rs 100 to Rs 41,600 per kg in Delhi on Monday, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. Traders attributed the rise in silver prices to

The RBI on Monday proposed that at least 50 per cent of compensation of senior officials of private and foreign banks, including whole time directors and chief executive officers, "should be variable". A discussion paper on proposed

Top laggards on the Nifty were Hero MotoCorp, Yes Bank, Titan, Vedanta and Tata Steel

A day after market regulator Sebi (Securities and Exchange Board of India) declared the commodity broking arms of Motilal Oswal and India Infoline (IIFL) as not "fit and proper" in the NSEL case, the scrip price of both the companies fell up to 5 per cent and 9 per cent

Domestic equity benchmarks declined on Tuesday amid rising geo-political concerns. The S-P BSE Sensex fell as much as 499 points and NSE Nifty index dropped below 10,750 before Sensex closing 240 points lower at 35,974 and Nifty falling 45 points to shut shop at 10,835. India carried out

India's economy likely grew at its slowest pace in over a year in the October-December quarter as weaker rural incomes and softer urban demand weighed on consumption, a poll by news agency Reuters showed.

The median forecast from more than 55 economists

Domestic equity benchmarks wiped out entire losses of 2019 led by gains in information technology and private sector lenders amid strong global cues. The S-P BSE Sensex rose 0.95 per cent or 342 points to close at 36,213 and the National Stock Exchange's Nifty 50 Index climbed 0.82 per

Kotak Mahindra Bank on Tuesday raised the limit on total shareholding of foreign institutional investors and foreign portfolio investors in the company to 45 per cent from 43 per cent.

The hike in the shareholding limit comes as the private-sector lender grapples with a central bank directive on reducing its Chief Executive Uday Kotak's stake in

In a path-breaking order, the NCLAT on Monday ruled that no bank or financial institution (FI) shall declare the accounts of cash-strapped Infrastructure Leasing and Financial Services (IL-FS) and its group companies as

Jet Airways' largest lender, State Bank of India (SBI), said media reports that it was weighing taking the debt-laden carrier to an insolvency tribunal to recoup loans were "speculative", and that no such decision had been taken.

The statement from SBI comes

State Bank of India (SBI), the country's largest bank, offers various banking services to non-resident Indians (NRI), Persons of Indian Origin (PIO) and Overseas Citizen of India (OCI). State Bank of India offers three types of accounts to NRIs: Non Resident Ordinary (NRO)

The flow of foreign direct investment into India is dropping and may suffer its first full-year decline since Prime Minister Narendra Modi came to power in 2014. The reversal from strong numbers in PM Modi's initial years in charge may indicate that investors are being deterred by

If you have not linked your PAN card with Aadhaar card yet, you have about five weeks to do so. With the linking of PAN card with Aadhaar card mandatory for filing of income tax return (ITR), the Income Tax Department has announced March 31, 2019

Gold prices fell by Rs 60 to Rs 34,530 per 10 grams at the bullion market on Tuesday reported news agency Press Trust of India (PTI). The prices fell on weak trend overseas amid easing demand from local jewellers at prevailing levels, said the report

State Bank of India (SBI), the country's largest lender, offers a variety of loans to meet financial needs of its customer under its personal finance portfolio. The different loan products of SBI are home loan, car loan, personal loan and education loan.

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. On maturity, the depositor is paid a lump-sum amount which includes the periodic investments and the interest income

Warren Buffett said on Monday his Berkshire Hathaway Inc overpaid in the 2015 merger that created Kraft Heinz Co, but he had no plans to flee the struggling packaged foods company.

Mr Buffett spoke four days after Kraft Heinz took a $15.4 billion

The Indian rupee on Monday rose by 17 paise to close at 70.97 against the US dollar in line with most Asian currencies amid hopes that the US and China will soon reach an agreement to settle their trade tariff issues.

Besides, the American currency''s weakness against its major rivals

Two months ago, it was Asia's hottest stock market. Now, investors are shunning it.

India has wiped out $113 billion in value this year after winning the regional equity crown in 2018. Uncertainty surrounding upcoming elections, an ongoing debt issue, a government that's making greater demands on the central bank and high valuations have kept invest

A fixed deposit (FD) account, also called as term deposit account, is an interest-bearing account that has a specified date of maturity. The funds in these accounts are held for a fixed term, and guarantee a return of principal. This means, the interest rate remains

Fortis Healthcare Ltd petitioned market regulator to arrest its founders after the Singh brothers failed to repay Rs 400 crore ($56 million) that the watchdog had found they had fraudulently taken out.

The company earlier this month had requested the Securities and Exchange Board of India to use its legal authority to recover the money from

Domestic stock markets started the week on a positive note tracking strength in Asian peers. The Sensex gained as much as 162.03 points to 36,033.51 in early trade, while the Nifty moved up 38.45 points to touch 10,830.10. The BSE benchmark index crossed the 36,000 mark in intraday trade for the first time since February 15. Gains in financial,