Business

Petrol and diesel prices were hiked by 48-63 paise per litre on Sunday. That marked fourth consecutive hike in domestic fuel prices, and fifth overall so far this year. The upwards price revision comes on back of a recovery in crude oil prices in anticipation of

A group representing online sellers in country will appeal against Competition Commission of India's (CCI) ruling in favour of Walmart-owned Flipkart, group's lawyer Chanakya Basa said in a release on Saturday.

All India Online Vendors Association

The government has recently announced a series of measures to try to win over farmers, small business owners and less well-off, after ruling party suffered setbacks in state elections and with a general election due in months.

The measures are likely

Vice President M Venkaiah Naidu on Saturday said a steady growth rate of almost 7 per cent coupled with a series of reforms made India most favourite destination for investments in world. He said India would continue to be fastest growing

The rupee on Friday weakened by 8 paise to close at 70.49 against US dollar on rise in demand for American currency from exporters coupled with unabated rise in global crude oil prices. Besides, foreign fund outflows and stronger dollar against its key rival currencies impacted rupee trading pattern. At Interbank Foreign Exchange, rupee

Falling for a second straight day, domestic stocks markets reversed early gains on Friday amid weakness in auto and energy stocks. The S-P BSE Sensex ended 96.66 points lower, or 0.27 per cent, at 36,009.84 while, NSE's benchmark index Nifty finished at 10,794.95, down 26.65 points or 0

Key inflation data and ongoing quarterly earnings season are expected to determine movement of equity indices in week starting January 14, say experts. The sharp deceleration in rate of growth in country's industrial output is also expected have an

Ashok Chawla has resigned as chairman of National Stock Exchange Of India with immediate effect "in light of recent legal developments," exchange said on Friday.

Mr Chawla, who had been chairman of country's biggest stock exchange since 2016, has been

Crisis talks between cash-strapped Jet Airways and aircraft lessors have failed to ease a row over late payments, prompting some lessors to explore taking back aircraft, three people familiar with matter told Reuters.

In what one of people described as an

The Reserve Bank of India (RBI) has raised a red flag on spike in non-performing assets (NPAs) under Pradhan Mantri Mudra Yojana, government's flagship scheme to support micro enterprises in country.

According to Finance Ministry sources, RBI

The country's second-largest software exporter Infosys reported on Friday a 30 per cent fall in quarterly profits amid seasonal weakness in IT sector and mounting expenses.

The Bangalore-headquartered company also announced board approval for buyback of

Amid high competition in country's civil aviation sector, airlines have come up with a host of discount offers to attract passengers and increase their customer base. IndiGo is offering domestic and international flight tickets starting from an

The country's tax laws have some of biggest names in its tech start-ups worried. Rajan Anandan of Google, along with ten other signatories including NASSCOM, Tie Global and Indian Angels Network, has written to government about terror of angel tax.

Angel tax

US President Donald Trump on Friday said he is planning changes to H-1B visas, which are issued temporarily to highly educated immigrants so they can work in specialty occupations, that would create simplicity, certainty and a possibility that workers could become US citizens.

"H1-B [sic] holders in United States can rest assured that

IRCTC or Indian Railway Catering and Tourism Corporation, which handles catering, tourism and online ticketing operations of Indian Railways, also offers option of ticket cancellation. After confirmation of cancellation, refund is credited back to account used for

Portfolio management company Equity Intelligence, whose investors' wealth was eroded by almost 44 per cent in current fiscal year, has apologised to its investors admitting that investing in LEEL Electricals Ltd (formerly Lloyd Electric - Engineering) was a mistake.

When contacted by news agency IANS, Porinju Veliyath confirmed that

The country's oil imports from Iran fell by 41 per cent in December to 302,000 barrels per day oil (bpd), ship tracking data reviewed by Reuters showed, as pressure from US sanctions took effect. The United States introduced tough

Less than a month before budget, risks are growing that government will miss fiscal targets for a second year in a row as it gives in to populist pressures before a high-stakes election.

Speculation is mounting of possible cash handouts to farmers and tax exemptions to shore up voter support ahead of polls due by May. Prime Minister Narendra Modi's

Elon Musk's rocket company SpaceX will reduce its workforce by about 10 per cent of company's more than 6,000 employees, it said on Friday.

The company said it will "part ways" with some of its manpower, citing "extraordinarily difficult challenges ahead".

"To continue

The country's foreign exchange reserves jumped by $2.68 billion -- one of largest increases in recent months -- to touch $396.084 billion in week to January 4, driven by a rise in core currency assets and gold holdings, RBI data showed Friday. The

The rupee appreciated by 7 paise to 70.34 against US dollar in opening trade on Friday, driven by gains in domestic equities and weakening of greenback in overseas markets. The rupee opened strong at 70.38 at interbank forex market against previous close of

A partial government shutdown in US over President Donald Trump's demand for $5.7 billion to build a wall along US-Mexico border entered its 22nd day on Saturday, making it longest shuttering of federal agencies in US history, with no end in sight.

Mr

Jet Airways, country's biggest full-service carrier, has been under dark clouds for most part of past year, and several efforts are on to save sinking airline. While intense pricing competition, weak rupee and rising fuel costs have hurt airlines like IndiGo owned by

India Post or Department of Posts, which runs postal network of country, offers a number of saving schemes with different interest rates. It offers nine savings schemes and investment in some of them qualify for income tax benefits, said India Post. The schemes, which offer income tax deduction -- Time Deposit (TD), Senior Citizen Savings Scheme

Union Budget is an annual financial statement of Government of India. It details its finances - where money comes from and where it goes - as well as estimates of amount of money required for various programmes and services going forward. Each year, much awaited event is monitored closely for its possible impact on different sections of economy.

Industrial production growth stood at 0.5 per cent in November, government said on Friday, largely due to a contraction in manufacturing activity. That marked slowest rate of growth in industrial production recorded since June 2017. The industrial production or factory output, determined by Index of Industrial Production (IIP), also missed

Finance Minister Arun Jaitley has announced a slew of changes in income tax rules in Union Budgets from 2014 to 2018. With general election due by May this year, government will present an interim Budget on February 1. This year's Budget, last before

Gold prices declined by Rs 155 per 10 grams to Rs 32,875 per 10 grams at bullion market here on Saturday, amid a weak global trend and fading demand from local jewellers. Silver also dropped by Rs 600 per kilogram to Rs 39,850 per kg due to reduced offtake by industrial units and coin makers.

Apart from a weak global trend, marketmen

Infosys is country's second largest software exporter

Finance Minister Arun Jaitley will present Budget in Parliament on February 1, 2019. This will be an Interim Budget, last before general election due by May, so it is final chance to sway public perception. From a widened fiscal deficit to shrinking Goods and