Business

The government will present Interim Budget 2019 on February 1. Being last budget by government before general elections due by May, expectations are high for relaxation in income tax rules. At a time when government needs to balance growth with revenue collections, easing of income tax rules may be a challenging task, say experts. The finance

Details
Category: Business

Write comment (90 Comments)

Bimal Jalan was RBI's governor between 1997 to 2003.

New Delhi: 

The Reserve Bank of India is accountable to government and should make policies within framework set by government, according to a former central bank chief now heading a panel tasked with framing guidelines for transfer of RBI's surplus funds to government. Bimal Jalan, 77-year-old

Details
Category: Business

Write comment (91 Comments)

The only major problem in banks is huge bad loans amounting to over Rs 13 lakh crore, said AIBEA

Chennai: 

Clearance of cheques valued over Rs 20,000 crore was affected by bank strike that continued for second day on Wednesday, said All India Bank Employees' Association (AIBEA) -- a leading union in banking sector. The central trade unions in

Details
Category: Business

Write comment (100 Comments)

The Nifty rose as much as 28 points to touch 10,850 in early trade

Domestic stock markets started Friday's session on a higher note tracking gains in Asian peers. The Sensex jumped as much as 107 points in early trade to hit 36,214, while Nifty touched 10,850, up 28 points - or 0.3 per cent - from previous

Details
Category: Business

Write comment (100 Comments)

Top Nifty laggards were HPCL, IndusInd Bank and Grasim Industries

Domestic stock markets finished lower on Thursday, snapping four days of gains. The Sensex shed 106.41 points to end at 36,106.50, while Nifty settled at 10,821.60, down 33.55 points - or 0.3 per cent - from previous close. Weakness in

Details
Category: Business

Write comment (92 Comments)

Lack of clarity about health insurance often burns a hole in policyholder's pocket, say experts

Medical insurance, like any other type of insurance, provides a range of benefits in case a difficult and unforeseen event arises. When it comes to maximising gain out of a plan, medical insurance is no different: policyholder must compare suitability

Details
Category: Business

Write comment (100 Comments)

Washington: 

US President Donald Trump on Thursday canceled a planned visit later this month to World Economic Forum in Davos, Switzerland, signaling he was prepared for political showdown over partial federal government shutdown to stretch into late January.

It was unclear whether shutdown, now in its 20th day, would end before start of global

Details
Category: Business

Write comment (97 Comments)

Arun Jaitley said small companies would have option to opt out of GST tax net.

New Delhi: 

The government announced a change in Goods and Services Tax (GST) rules on Thursday that would exempt an additional two million small businesses, in a move that could help garner support ahead of a general election that must be called by May.

"India will exempt

Details
Category: Business

Write comment (96 Comments)

In today's time, cost of healthcare in country has risen significantly thanks to ever-growing demand for medical services. That along with increasing awareness about medicine and preventive measures against illness has rendered medical insurance all more essential. Having a health insurance comes handy in times of medical emergencies. Many

Details
Category: Business

Write comment (99 Comments)

Eleven state-owned banks will have to wait for about a month before knowing which of them will have lending curbs eased after a Reserve Bank of India (RBI) panel reviews their December quarter results, an official with direct knowledge of matter told Reuters on Thursday. The government of Prime Minister Narendra Modi has been pressuring central

Details
Category: Business

Write comment (96 Comments)

GoAir 2019 Offer: Bookings under discount scheme can be made till January 11, 2019.

GoAir is offering domestic flight tickets at a starting all-inclusive price of Rs. 999 in a sale offer, said airline on its official website, goair.in. Bookings under discount scheme can be made till January 11, 2019. GoAir's discount offer is valid for travel

Details
Category: Business

Write comment (91 Comments)

A health insurance plan has two types of claim settlement processes: cashless and reimbursement.

Health insurance, a type of insurance that covers cost of medical care, has become an imperative aspect of life today. Just like car insurance, home insurance or any other type of insurance, in health insurance plans, customer chooses a policy and

Details
Category: Business

Write comment (92 Comments)

The rupee had depreciated by 78 paise in previous two sessions.

Mumbai: 

Snapping its two-session slide, rupee ticked higher by 5 paise to close at 70.41 per US dollar on Thursday on increased selling of greenback by exporters amid easing crude oil prices. Forex traders said American currency weakened after minutes of Federal Reserve's policy

Details
Category: Business

Write comment (97 Comments)

Jet Airways airline also owes money to pilots, lessors and vendors.

Cash-strapped Jet Airways proposed to creditors that it would catch up with debt payments in arrears by September and from April would meet debt payments as they come due, according to a document seen by Reuters. Jet met with lenders, lessors and vendors in India on Tuesday to

Details
Category: Business

Write comment (96 Comments)

Investment in medical insurance also entails income tax benefits for customer.

Medical insurance, a type of insurance coverage that pays for medical expenses, has become a necessity today. Under a medical insurance policy, insurer reimburses expenses incurred by policyholder on illness and injury, or pays care provider directly. Subscription to a

Details
Category: Business

Write comment (98 Comments)

JLR became Britain's biggest carmaker in 2016.

London: 

Jaguar Land Rover (JLR) will cut 10 per cent of its workforce, mostly in its home market, as Britain's biggest carmaker faces lower Chinese demand and a slump in European diesel sales. JLR, based in central England, will cut some 4,500 out of 42,500 jobs, targeting managerial roles rather than

Details
Category: Business

Write comment (91 Comments)

The rupee on Wednesday had depreciated by 25 paise to close at 70.46 against US dollar.

Mumbai: 

The rupee on Thursday appreciated by 4 paise to 70.32 against US dollar in early trade amid weakness in American currency on uncertainty over Federal Reserve rate hikes following release of Fed meet minutes. Forex traders said weakness in US dollar

Details
Category: Business

Write comment (96 Comments)

Sovereign gold, however, continued to be traded at previous level of Rs 25,200 per piece of eight grams.

Gold rose for third straight session on Wednesday, gaining Rs 110 to Rs 32,800 per 10 grams on increased buying by jewellers to meet marriage season demand, reported news agency Press Trust of India (PTI). Silver prices also spurted by Rs 300 to

Details
Category: Business

Write comment (90 Comments)

Sovereign gold advanced by Rs 100 to Rs 25,300 per piece of eight grams.

Gold rose for fourth straight day on Thursday crossing Rs 33,000-mark at Rs 33,070 per 10 grams, gaining Rs 270 at bullion market, reported news agency Press Trust of India (PTI). The prices climbed on increased demand from local jewellers, reported agency quoting All India

Details
Category: Business

Write comment (91 Comments)

Among top Nifty losers were Axis Bank and Hindustan Petroleum

Domestic stock markets started Thursday's session on a lacklustre note tracking weakness in Asian peers. The Nifty fell 27 points to touch 10,827 in early trade, while Sensex declined as much as 85 points to hit 36,127. Weakness in banking and

Details
Category: Business

Write comment (96 Comments)

Yes Bank said on Wednesday it has finalised potential candidates for position of chief executive officer to replace incumbent Rana Kapoor, but did not disclose names.

The private sector bank will now seek approval from Reserve Bank of India (RBI) for CEO appointment, and will make relevant disclosures after RBI's approval, lender said in a

Details
Category: Business

Write comment (95 Comments)

Tata Consultancy Services (TCS) is country's largest IT services exporter.

Tata Consultancy Services (TCS) on Thursday reported a record net profit of Rs 8,105 crore for October-December quarter. With that, country's largest IT company kicked off corporate earnings season. Net profit in quarter ended

Details
Category: Business

Write comment (90 Comments)

The factories employ nearly 6 per cent of Pfizer's global workforce.

US drugmaker Pfizer said on Wednesday it was shutting down two manufacturing plants in country that make generic injectables like penicillin as a response to falling demand.

Business Standard reported news on Tuesday, saying over 1,700 employees would be impacted by closure of two

Details
Category: Business

Write comment (90 Comments)

IndiGo Offers 2019: IndiGo's offer on flight tickets is valid till January 13, 2019.

IndiGo has come up with a sale under which it is offering domestic and international flight tickets starting from an all-inclusive Rs 899 and Rs 3,399, respectively in a limited-period offer. IndiGo's offer on flight tickets is valid till January 13, 2019, said

Details
Category: Business

Write comment (91 Comments)

In November, inflation was at 2.33 per cent.

Bengaluru: 

December retail inflation is expected to have eased to its lowest since June 2017 as food costs fell and fuel prices rose at a slower pace, a Reuters poll showed, giving central bank breathing space to keep policy on hold. Inflation likely cooled to 2.20 per cent in December - close to lower

Details
Category: Business

Write comment (95 Comments)

Insurance providers today offer cover against critical illnesses in a variety of products.

Today, insurers offer a variety of medical insurance plans to cater to different customer needs. Insurance companies provide several types of benefits to customer in different medical insurance plans. Typically, in a regular medical insurance plan, expenses

Details
Category: Business

Write comment (96 Comments)

Twenty-four of fifty Nifty stocks closed in green.

Rising for a fourth consecutive session, domestic stock markets closed on a positive note on Wednesday tracking strength in global peers. The BSE benchmark index ended at 36,212.91, up 0.64 per cent or 231.98 points from previous close, while broader NSE

Details
Category: Business

Write comment (90 Comments)

Arun Jaitley announced a series of measures under Goods and Services Tax (GST) to boost small business.

Finance Minister Arun Jaitley on Thursday announced a series of measures under Goods and Services Tax (GST) to boost small businesses, while ruling out any more cuts under indirect tax system until

Details
Category: Business

Write comment (96 Comments)

On Tuesday, rupee had plunged by 53 paise to close at 70.21 against US dollar.

Mumbai: 

The rupee on Wednesday extended its losses by another 25 paise to close at 70.46 against US dollar as continued rise in global crude oil prices weighed on sentiments. Besides, stronger US dollar against major global currencies also put pressure on domestic

Details
Category: Business

Write comment (93 Comments)

IndusInd Bank reported a 5.2 per cent rise in third-quarter profit on Wednesday, helped by higher interest income. Net profit was Rs 985 crore ($139.65 million) for quarter ended December 31, compared with Rs 936 crore a year earlier, bank said. Interest earned rose 34.4 per cent to Rs 5,763 crore.

Gross bad loans as a percentage of total loans

Details
Category: Business

Write comment (90 Comments)