Business

New Jio prepaid plans for JioPhone users: Under the Rs 594 plan, Jio is offering 0.5 GB of per day data

Reliance Jio has come up with new prepaid recharge plans for JioPhone users under 'Jiophone Monsoon Hungama' offer, said the billionaire Mukesh Amabni-owned telecom operator on Thursday. The new Jio prepaid recharge packs are priced at Rs 297 and

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SAIL and ArcelorMittal signed a deal in May 2015 to set up a plant to produce automotive grade steel.

ArcelorMittal's prolonged bid to buy debt-ridden Essar Steel is delaying the world's biggest steelmaker's joint venture with state-owned Steel Authority of India Ltd (SAIL), the country's steel minister and SAIL's chairman said. The country's

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The interest rates on FDs vary according to separate maturity baskets across different banks.

Bank fixed deposits (FDs) are fixed-income instruments which guarantee a fixed rate of return on investments. Leading banks like State Bank of India (SBI), HDFC Bank, ICICI Bank, among others offer facility of opening a fixed deposit. These days FDs can

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Rajya Sabha Member Piyush Goyal also holds the coal portfolio.

Railway Minister Piyush Goyal was given the additional charge of finance ministry on Wednesday in the absence of Finance Minister Arun Jaitley, who is in the US. Mr Goyal will hold the portfolios of Finance and Corporate Affairs on a temporary

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On Tuesday, the rupee had skidded by 16 paise to close at 71.44 against the dollar.

Mumbai: 

The rupee on Wednesday snapped its three-day losing streak and settled higher by 11 paise at 71.33 against the US dollar on increased selling of the American currency by exporters and banks. Besides, the rupee upmove was supported by weaker greenback against

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New Delhi: 

The Central Board of Direct Taxes (CBDT), which is apex policymaking body policy of Income Tax Department, has directed taxman to withdraw all appeal cases pertaining to certain monetary limits and parameters from various courts by end of this month. The move by CBDT comes as part of government's drive to end frivolous litigations. The

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Mumbai: 

Union Minister Radha Mohan Singh on Wednesday said the Budget will be dedicated to farmers in the country as part of the government efforts to double their income by 2022.

"It was a matter of pride that due to the implementation of various farm schemes, India has become among the leading economies in the agriculture sector," he said at a

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Deposits in NSCs qualify for deduction under Section 80C of Income Tax Act.

National Savings Certificates or NSCs, one among nine small savings scheme offered by India Post or post office, is operated by Department of Economic Affairs. The government revises interest rates applicable to small savings schemes on a quarterly basis. For quarter ending

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CBDT is a statutory authority functioning under Central Board of Revenue Act, 1963.

Individuals who have not filed their income tax returns (ITR) for assessment year 2018-19 should do same within 21 days to avoid proceedings under Income Tax Act, news agency IANS (Indo-Asian News service) reported citing a government statement. The Central Board of

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InterGlobe on Wednesday reported a 75 per cent slump in profit to 191 crore rupees.

New Delhi/Bengaluru: 

IndiGo, country's biggest airline by market share, reported a rise in airfares over November and December after a year of declines, with the positive trend continuing in January, and said it would focus on expanding in overseas skies to boost

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The next hearing on matter by Ahmedabad Bench is on January 31.

New Delhi: 

Hearing an appeal by ArcelorMittal for early resolution of bankrupt Essar Steel, National Company Law Appellate Tribunal (NCLAT) on Wednesday ordered its Ahmedabad Bench to pass verdict in case by January 31. Failing which, two-member bench of NCLAT headed by Justice SJ

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On Tuesday, rupee had skidded by 16 paise.

The rupee rose 29 paise to 71.15 against dollar in early session on Wednesday on increased selling of American currency by exporters and banks amid a positive opening of domestic equity markets. 

At Interbank forex market, rupee opened higher at 71.19 and advanced further to quote 29 paise higher at 71.15

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The losses on Dalal Street were led by buying in auto, financial services and banking stocks.

Domestic stock markets started Thursday's session on a positive note but soon turned negative. The S-P BSE Sensex slipped as much as 111.79 points to touch 35,996.68, while the Nifty50 barometer of the National Stock Exchange edged lower by 12.25

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Unitech is facing wrath of court in a case related to alleged siphoning of homebuyers' money

The Supreme Court on Wednesday rejected bail plea of jailed directors of real estate company Unitech, Sanjay Chandra and his brother Ajay Chandra. The beleaguered realty firm is facing wrath of court in a case related to alleged siphoning of homebuyers'

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Sector wise, NSE realty, auto and banking indices fell up to 0.49 per cent.

Domestic stock markets staged a moderate recovery in early session on Wednesday but soon turned volatile. The S-P BSE Sensex rose as much as 76.83 points to hit 36,521.47 and slipped as much as 53.03 points to an intraday low of

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New Delhi: 

The Indian economy is expected to grow at 7.4 per cent in the current fiscal and its GDP growth will rise to 7.6 per cent in 2019-20, before tapering down to 7.4 per cent in 2020-21, according to a UN report released on Wednesday.

The report United Nations' World Economic Situation and Prospects (WESP) 2019 said that India's growth

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IndiGo Q3: InterGlobe posted a quarterly loss 3 months ago, its first since debuting on stock market

InterGlobe Aviation, owner of country's biggest airline by market share IndiGo, said its third-quarter profit slumped 75 per cent, dragged down by higher crude prices and intense competition. Its net profit was Rs 191 crore ($26.79 million) in three

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Finance Minister Arun Jaitley is expected to announce target while presenting an interim budget

The government is likely to seek to raise about Rs 80,000 crore ($11.21 billion) through sale of state-owned assets in next fiscal year, beginning April 1, two government sources with direct knowledge of Budget discussions told Reuters on Tuesday.

The

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Piyush Goyal has been given the additional charge of the finance and corporate affairs ministries.

New Delhi: 

Railway Minister Piyush Goyal was given the additional charge of the finance and corporate affairs ministries on Wednesday in view of the indisposition of Arun Jaitley, who is currently undergoing treatment abroad. 

According to a

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Thirty one out of 50 Nifty stocks closed in negative zone.

Domestic stock markets ended Wednesday's volatile session on a lower note tracking negative global cues. The S-P BSE Sensex settled 336 points lower, or 0.92 per cent, at 36,108.47 while, NSE's benchmark index Nifty finished at 10,831.50, down

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IRCTC handles catering, tourism and online ticketing operations of Indian Railways.

IRCTC or Indian Railway Catering and Tourism Corporation, which handles catering, tourism and online ticketing operations of Indian Railways, does not grant a refund on cancellation of confirmed or duplicate Tatkal tickets except in case of certain circumstances,

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An EPFO subscriber can check PF (provident fund) balance via EPFO's official website or the UMANG app

EPF or Employees' Provident Fund requires a mandatory contribution from the salary of an individual. It is mandatory for organisations with more than 20 employees to make the contributions. EPFO (Employees' Provident Fund Organisation) is the nodal

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Etihad Airways is now in talks with creditors for a deal that could help Jet back on its feet.

Cash-strapped Jet Airways Ltd has flown straight into a storm, resulting in a major setback for country's largest full-service airline that could shake up country's aviation industry.

Jet, which has debt exceeding 8,000 crore rupees as of September-end,

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India's exports to China went up to $18.84 billion, an increase of 15.2 per cent compared to 2017.

India on Tuesday pressed China to import more Indian goods, especially pharmaceutical and IT (information technology) products, as top commerce officials of two countries held talks in Beijing on widening trade deficit, which last year crossed $57

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Sovereign gold, however remained flat at Rs 25,500 per piece of eight grams.

Gold prices on Wednesday fell by Rs 115 to Rs 33,210 per 10 grams at the bullion market, reported news agency Press Trust of India (PTI). The metal tracked a weak trend overseas and tepid demand from local jewellers, said the report quoting the All India Sarafa

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ITC Q3 result: Net profit for December quarter increased 3.85% on year, according to company

ITC Ltd, country's biggest cigarette maker, posted on Wednesday a 3.85 per cent rise in December-quarter profit, boosted by higher cigarette sales.

Profit came in at Rs 3,209 crore for three months ended December 31, 2018, compared with Rs 3,090 crore a year

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The refiner will shut a 150,000 bpd crude unit.

Indian Oil Corp, country's top refiner, will shut half of its 300,000 barrels per day Panipat refinery in northern Haryana state for about a month from mid-February for maintenance, a company spokesman said.

The refiner will shut a 150,000 bpd crude unit. It will also shut a sulfur recovery unit,

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The finance ministry had previously estimated next fiscal year's food subsidies at Rs 1.9 lakh crore.

New Delhi: 

The government is poised to raise the subsidies for the world's biggest food welfare programme by 6.5 per cent for the fiscal year beginning April 1, the smallest increase in three years, in the nation's interim budget next month, two

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Post office small savings schemes: Interest on TD account is compounded on a quarterly basis

From January 1, investment in a time deposit account in a post office fetches 7 per cent return in a lock-in period of 1-3 years. In other words, time deposits - or term deposits - of a maturity period of one year, two years and three years pay a 7 per cent

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The rupee has now lost 41 paise in three days.

Mumbai: 

The rupee skidded by 16 paise Tuesday -- its third straight session of loss -- to close at 71.44 against US dollar amid strengthening of greenback and heavy selling in domestic equities. Concerns over slowing global growth and foreign capital outflows weighed on local unit, forex traders said.

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