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Business
SpiceJet offer: SpiceJet is offering flight tickets from an all-inclusive Rs 2,499 on Bhopal-Mumbai route
SpiceJet has announced 12 new domestic flights later this year. The airline said in a statement on Tuesday that it will commence the 12 direct flights starting March 31, 2019. SpiceJet also said it will launch the new flights on the
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Read more: SpiceJet Announces 12 New Domestic Flights, Offers Tickets From Rs 2,499
Write comment (96 Comments)State Bank of India (SBI) is offering various types of savings accounts including a zero balance saving account where monthly average balance (MAB) rule is not applicable. Monthly Average Balance (MAB) is
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Read more: 10 Things To Know About SBI's Zero Balance Savings Account
Write comment (93 Comments)The domestic equity benchmarks erased intraday gains with the S-P BSE Sensex on track for ninth straight session of losses and NSE Nifty 50 Index declining for eighth day in a row. Selling pressure in information technology heavyweights - Tata
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Read more: Sensex On Track To Extend Losses To Ninth Session In A Row
Write comment (98 Comments)Petrol and diesel prices were kept unchanged on Wednesday. The pause on price changes comes after six consecutive days of hikes in metros including Delhi and Mumbai. Petrol prices have been increased by Rs
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Read more: Petrol, Diesel Prices Steady After Six Days Of Hike
Write comment (100 Comments)Indian bonds saw outflows of $181 million last month.
Foreign flows into emerging Asian bonds turned negative for the first time in four months in January, data showed, suggesting that a shift away from a tightening bias for regional central banks is dimming the attraction of its debt.
Foreigners sold a net $3.27 billion worth of bonds last month,
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Read more: Foreign Flows Into Emerging Asian Bonds Turn Negative In January
Write comment (91 Comments)Recurring deposit interest rates, once determined, do not change during the tenure.
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 against a fixed
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Read more: Recurring Deposit Interest Rates Paid By Key Banks Compared
Write comment (94 Comments)Anil Ambani and others breached their undertaking, the court said.
Shares of Reliance Group companies came under selling pressure after the Supreme Court found its promoter Anil Ambani guilty of contempt in Ericsson case. Reliance Communications (RCom) fell as much as 9.46 per cent to Rs 5.45 on the BSE. Reliance Infrastructure declined 8.75 per
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Read more: Reliance Group Shares Fall After Anil Ambani Found Guilty Of Contempt
Write comment (98 Comments)Domestic equity benchmarks extended losses reversing intraday gains after selling pressure intensified in information technology heavyweights - Tata Consultancy Services and Infosys in last hour of trade. The S-P BSE Sensex clocked ninth session of losses, its longest losing streak in nearly eight years, and Nifty 50 Index fell for eighth day
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Read more: Late Selling Pressure Drags Sensex To Ninth Session Of Losses
Write comment (92 Comments)Customers don't need to maintain a Monthly Average Balance (MAB) for both accounts.
State Bank of India (SBI), the country's largest lender, offers Pehla Kadam and Pehli Udaan savings accounts for minors. While the Pehla Kadam account can be opened in the name of an individual aged below 18 years, the Pehli Udaan account is meant for those are
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Read more: SBI Offers Accounts For Minors: Interest Rate, Benefits And Other Details
Write comment (93 Comments)Debt-ravaged Jet Airways India Ltd., the country's biggest full-service airline, is selling a majority stake for 1 rupee -- a little more than 1 U.S. cent. It's part of a bailout plan by its state-owned lenders that will give the airline time to arrange fresh equity. The complicated arrangement is on track to be voted through on Feb. 21, in what
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Read more: Why Jet Airways Is Selling A Majority Stake For Rs 1
Write comment (99 Comments)Companies like JSW Steel, Vedanta, Tata Steel, ArcelorMittal have been in a look-out for new assets.
The government has decided to give a push to its strategic disinvestment plan within the current fiscal year itself by clearing sale of 100 per cent stake in three special steel producing units of Steel Authority of India Ltd. (SAIL),
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Read more: Government To Sell Three SAIL Plants: Report
Write comment (98 Comments)Cement sales for the quarter climbed 5.8 per cent to Rs 2,765 crore.
Ambuja Cements on Monday posted a 58.8 per cent jump in fourth-quarter profit, exceeding analysts' estimates, as it logged higher cement sales and a tax benefit. Standalone profit, which includes a joint operation accounted on a proportionate basis, came in at Rs 537 crore ($75.22
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Read more: Ambuja Cements Posts Rs 537 Crore Profit In December Quarter
Write comment (97 Comments)Domestic stock markets started Wednesday's session on a strong note tracking gains in Asian peers. The Sensex rose as much as 256 points to 35,608 in early trade, while the Nifty touched 10,682, up 78 points from the previous close. Advances in banking, energy and metal stocks led the markets higher. At 9:23 am, the Sensex traded 253 points higher
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Read more: Sensex Jumps Over 250 Points, Nifty Crosses 10,680
Write comment (94 Comments)Furnishing of PAN card is mandatory for a contract valued above Rs 1 lakh for sale/purchase of securities
PAN or Permanent Account Number is a ten-digit alphanumeric number issued by the Income Tax Department to an assessee. PAN enables the taxman to link transactions of the person. These include tax payments, TDS (tax deducted at source)/TCS (tax
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Read more: Why You Need A PAN Card: 10 Things To Know
Write comment (91 Comments)Government has, in all, budgeted Rs 74,140 crore in dividends from the RBI and the state-run lenders.
The Reserved Bank of India approved an early transfer of a part of its profit to the government, which needs cash to fund its schemes ahead of the national elections due by May.
The Reserve Bank of India's board approved Rs 28,000 crore as interim
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Read more: RBI Gives Rs 28,000 Crore Interim Dividend To Government Before Elections
Write comment (95 Comments)However, e-ticket cannot be cancelled after chart preparation for normal passenger.
IRCTC or Indian Railway Catering and Tourism Corporation, which handles the catering, tourism and online ticketing operations of the Indian Railways, also offers the option of ticket cancellation via its official website- irctc.co.in or mobile app. After the
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Read more: Here's How Much Indian Railways Charges For Cancellation Of Tickets
Write comment (99 Comments)Bookings under GoAir sale offer can be made till February 20, 2019.
GoAir is offering domestic and international flight tickets at a starting all-inclusive price of Rs. 1,499 and Rs 4,999, respectively in a sale offer, said the airline on its website - goair.in. Bookings under the sale offer can be made till February 20, 2019. The sale is valid for
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Read more: GoAir Offers Flight Tickets From 1,499 Rupees
Write comment (99 Comments)The central board of the Reserve Bank of India approved additional interim dividend payment of Rs 28,000 crore to the government.
"Based on a limited audit review and after applying the extant economic capital framework, the Board decided to transfer an interim surplus of Rs 28,000 crore to the central government for the half-year ended December
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Read more: RBI To Pay Rs 28,000 Crore Interim Dividend To Government
Write comment (96 Comments)The hike will benefit about 48.41 lakh central government employees and 62.03 lakh pensioners.
The Union cabinet Tuesday increased the dearness allowance (DA) by 3 per cent effective from January 1, 2019, to "compensate" for price rise, a move which will benefit 1.1 crore central government employees and pensioners. The decision in this
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Read more: Centre Hikes Dearness Allowance, Move To Benefit 1.1 Crore Persons
Write comment (93 Comments)Post office account: Investment in a savings account fetches interest at the rate of 4%
The government currently offers nine types of small saving schemes, ranging from fixed deposit (FD) to Sukanya Samriddhi and Senior Citizen Savings Scheme (SCSS). For the current quarter, ending on March 31, 2019, investment in post office small savings schemes
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Read more: Post Office Small Savings Schemes Interest Rates Compared
Write comment (98 Comments)The rupee had dropped 7 paise against the greenback on Friday at 71.23.
The rupee weakened by 11 paise to end 71.34 against the US dollar on Monday amid firming crude oil prices and persistent foreign fund outflows. Heavy selling in domestic equity markets also weighed on the rupee, forex traders said. This is the fourth straight session of
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Read more: Rupee Ends Lower For Fourth Straight Day On Rising Crude
Write comment (92 Comments)SpiceJet new flight services will start from March 31, 2019.
Budget passenger carrier SpiceJet will commence 12 new direct flights on its domestic network, starting March 31, 2019.
According to the company, the new services include daily direct flights on the Bhopal-Surat-Bhopal, Gorakhpur-Mumbai-Gorakhpur and Jaipur-Dharamshala-Jaipur
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Read more: SpiceJet To Commence 12 New Domestic Flights
Write comment (96 Comments)Fixed deposit interest rates vary according to separate maturity baskets across different banks.
Fixed Deposits (FDs), which grant guaranteed returns on investments, offer higher interest rates than the deposits in savings accounts. FDs are fixed-income instruments, the returns on which are determined at the time of initiating the deposit. The
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Read more: FD Rates Offered By Commercial Banks, Small Finance Banks, Post Office
Write comment (93 Comments)Indian Oil buys about 75 per cent of its oil needs through long-term deals, mostly with OPEC nations.
Indian Oil Corp, the country's top refiner, has signed its first annual deal to buy US oil, paying about $1.5 billion for 60,000 barrels a day in the year to March 2020 to diversify its crude sources, its chairman said on
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Read more: Indian Oil Signs First Annual Deal For Oil With US
Write comment (90 Comments)Sachin Bansal (Left) with Ola co-founder Bhavish Aggarwal.
Ride hailing application backed by SoftBank Group and Tencent Holdings - Ola confirmed an investment of Rs 650 crore by Flipkart co-founder Sachin Bansal, said the Bengaluru-based firm in a statement on Tuesday. The investment from Mr Bansal comes as Ola is locked in a battle for market
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Read more: Flipkart Co-Founder Sachin Bansal Invests Rs 650 Crore In Ola
Write comment (91 Comments)Suresh Prabhu said the exemption will apply to start-ups with total investment not exceeding Rs 25 crore
A long-drawn dialogue between troubled start-ups and the government has finally come to a close, with the government announcing a blanket exemption from angel tax for all start-ups that are recognised by the Department for Promotion of Industry
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Read more: Government Announces Angel Tax Exemption For Recognised Start-Ups
Write comment (91 Comments)The Reliance Communication (RCom) stock rose sharply by over 11 per cent on Monday, a day after the Anil Ambani-led Reliance Group reached an understanding by which the lenders will refrain from selling stock pledged by the promoters till September 30, 2019.
Shares of RCom closed 11.82 per cent higher at Rs 6.15 per share on the NSE from
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Read more: RCom Shares Rise As Company Reaches Agreement With Lenders
Write comment (93 Comments)Sovereign gold, on the other hand, continued to rule flat at Rs 26,400 per piece of 8 grams.
Gold prices on Tuesday rose Rs 230 to Rs 34,680 per 10 grams at the bullion market in the national capital on firm trend overseas reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. Besides, silver rose by Rs 100 to Rs
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Read more: Gold Prices Jump By 680 Rupees In Three Sessions: 10 Things To Know
Write comment (96 Comments)Trading in theforex and debt markets would resume on Wednesday now.
The foreign exchange and debt markets are closed on Tuesday on account of Chhatrapati Shivaji Jayanti, according to RBI's official website- rbi.org.in. On Monday, the rupee had weakened by 11 paise to end 71.34 against the dollar amid firming crude oil prices and persistent foreign
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Read more: Forex Markets Shut Today On Account Of Chhatrapati Shivaji Jayanti
Write comment (93 Comments)The S-P BSE Sensex fell for eighth session in a row while NSE Nifty logged in seventh session of losses led by declines in blue-chip stocks like Reliance Industries, Tata Consultancy Services, ITC and HDFC Bank. Domestic equity markets bucked the bullish trend seen across the global markets as the S-P BSE Sensex ended 0.87 per cent or
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Read more: Sensex Closes Lower For Eighth Day In A Row, Nifty Gives Up 10,650
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