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World Bank report: In 2018, Chinese economy is estimated to have grown by 6.5% as against India's 7.3%

Washington: 

India's GDP (gross domestic product) is expected to grow at 7.3 per cent in fiscal year 2018-19, and 7.5 per cent in following two years, World Bank has forecast, attributing it to an upswing in consumption and investment. The bank

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SBI's Tax Savings Scheme offers tax benefits of up to Rs. 1.5 lakh under Section 80C of Income Tax Act.

State Bank of India (SBI) offers a type of fixed deposit or term deposit scheme called SBI Tax Savings Scheme, 2006. Resident Indians as an individual or in capacity of Karta of Hindu Undivided Family, are eligible to avail benefits of this

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Two-wheeler sales rose 11%, data from Federation of Automobile Dealers Association showed

Retail passenger vehicles sales fell 3 per cent in December from a year ago, while two-wheeler sales rose 11 per cent, according to data from country's car dealers' association.

The data, based on vehicle registrations, was released by Federation of Automobile

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Bharat Bandh: The strike had received mixed response on Tuesday.

New Delhi: 

The two-day nationwide strike by central trade unions to protest against alleged anti-worker policies and unilateral labour reforms entered its second day on Wednesday, impacting normal life in some parts of country. According to reports, public transport and banking

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The rupee had appreciated 0.7% in past two trading sessions

The rupee declined by 53 paise, or 0.8 per cent, to close at 70.21 against dollar on Tuesday. That marked first lower closing for rupee against greenback after two days of appreciation. Concerns on widening of current account deficit on rising crude

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Jet Airways had a debt of Rs 8,052 crore as of September 30, 2018

Jet Airways, which is struggling with debts to tune of over Rs 8,000 crore, will meet a group of lenders including State Bank of India (SBI) at around 2 pm on Tuesday. The meeting of Jet Airways with its lenders comes amid falling crude oil

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The growth of global economy is expected to slow to 2.9 per cent in 2019 compared with 3 per cent in 2018, World Bank said on Tuesday, citing elevated trade tensions and international trade moderation.

"At beginning of 2018 global economy was firing on all cylinders, but it lost speed during year and ride could get even bumpier in year ahead,"

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The strike has been called against alleged repressive policies for workers adopted by government.

New Delhi: 

Banking operations were partially affected on Tuesday, as a section of employees refrained from work in support of two-day strike call given by 10 central trade unions to protest alleged anti-labour policies of government. The All India Bank

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RBI is monitoring liquidity and will ensure that there is enough to meet needs of economy, Das said.

Reserve Bank of India (RBI) has yet to decide on whether to pay an interim dividend to federal government, Governor Shaktikanta Das said.

Earlier, Reuters reported that central bank is likely to transfer an interim dividend of as much as 40,000 crore

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Buying in information technology stocks pushed markets higher in early trade

Domestic stock markets started Wednesday's session on a strong note tracking gains in Asian peers on hopes of a US-China trade deal. The Sensex jumped as much as 269 points to touch 36,250, while Nifty advanced 66.95 points - or 0.6

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The government now allows premature withdrawal from NPS or National Pension System under certain conditions. NPS subscribers are eligible for three partial withdrawals from pension scheme, with each withdrawal not exceeding 25 per cent of contributions made by him or her, Minister of State for Finance Shiv Pratap Shukla said in response to a qu

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On Monday, rupee had gained 4 paise to end at 69.68 against US dollar.

The rupee weakened by 36 paise to 70.04 against US dollar in opening trade Tuesday on rising crude prices and some demand for American currency from importers. The rupee opened weak at 69.83 at interbank forex market against its previous close of 69.68 per dollar. It moved in

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Bengaluru: 

The battered rupee will take another bruising this year, despite a recent revival, weighed down by uncertainty around general elections in May and an expected economic slowdown, a Reuters poll found.

While currency recovered nearly 6 per cent after touching a record low of 74.485 per dollar on October 11, January 2-8 poll of more than 65

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SpiceJet has announced 12 new domestic flights at a starting all-inclusive price of Rs. 1,497.

Airlines in country are coming up with new routes and discount offers on a regular basis to attract passengers and increase their customer base. Jet Airways, country's second largest carrier by market share, announced a discount of up to 50 per cent on

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Investors were cautious and preferred to log gains ahead of Q3 earnings of bluechip companies.

Domestic stock markets swung between gains and losses after starting Tuesday's session on a positive note. The benchmark indices moved in a range amid mixed Asian cues and a rebound in crude oil, traders said. The

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IL-FS lenders will have to set aside additional capital to provision for soured loans

New Delhi: 

The Reserve Bank of India (RBI) has asked lenders of Infrastructure Leasing and Financial Services (IL-FS) to classify loans extended to bankrupt shadow banking firm as non-performing, two sources with direct knowledge of matter told Reuters on

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Nandan Nilekani will chair Committee on Deepening of Digital Payments, RBI said.

The Reserve Bank of India (RBI) on Tuesday announced formation of a high-level panel to assess digitisation of payments in country. The Committee on Deepening of Digital Payments will be chaired by Nandan Nilekani, RBI said in a statement. The committee, which will

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Washington+: 

World Bank Group President Jim Yong Kim unexpectedly resigned on Monday, more than three years before his term ends in 2022, amid differences with Trump administration over climate change and need for more development resources.

Kim, appointed twice by former US President Barack Obama for five-year terms, had pushed financing for green

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Apple Inc is cutting planned production for its three new iPhone models by about 10 per cent for March quarter, Nikkei Asian Review reported on Wednesday, a week after company slashed its quarterly sales forecast.

That rare step exposed weakening demand in China for Apple's iPhones amid a slowing economy, which has also been buffeted by a bruising

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The Sensex logged a swing of 283 points during session

Domestic stock markets swung between gains and losses on Tuesday before closing higher for day, amid advances in global peers. The markets changed direction multiple times amid cautious trade as investors awaited onset of corporate earnings season due

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Last fiscal, RBI paid an interim dividend of Rs 10,000 crore to central government.

New Delhi: 

Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday said central bank will announce a decision on giving interim dividend to government once such a final view is taken. The government has already said it will seek interim dividend from RBI in

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The RBI has allowed technology to be used by merchants holding card credentials like e-tailers

Mumbai: 

Continuing its efforts to improve safety of card transactions, Reserve Bank of India (RBI) on Tuesday extended use of tokenisation -- hiding of actual card details with a unique token -- in wider payments ecosystem.

To date, RBI had allowed card

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IBM inventors received more than 2,000 Cloud computing and over 1,600 AI patents.

Bengaluru: 

IBM inventors from India earned over 800 patents -- second highest contributor to company's global record of 9,100 patents in US in 2018 -- with nearly half in fields of artificial intelligence (AI), cloud computing, cyber security, blockchain and quantum

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BPCL and Hindustan Petroleum Corp will lift 1 million barrels each of Iranian crude oil in February

State-run Bharat Petroleum Corp will import 1 million barrels of Iranian oil in February after a gap of three months, with nation's overall purchases from Tehran remaining at 9 million barrels, three industry sources said. The United States in early

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Tata Steel is currently awaiting approval to combine its steel unit in Europe with Thyssenkrupp.

Tata Steel, one of flagship companies of salt-to-software behemoth, said on Tuesday lower production in Europe will impact its financial results, ahead of a planned merger with Germany's Thyssenkrupp. Production from its European plants fell 12.7 per

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The Supreme Court on Tuesday cleared way for Vedanta to reopen its copper smelter in Tamil Nadu by refusing to stay an order from country's environmental court, company's lawyer said.

The state government appealed against environment court's order in December to set aside Tamil Nadu's order to close copper smelter permanently.

The smelter was

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Bandhan Bank will buy mortgage provider Gruh Finance in a share-swap deal to build up its housing loan portfolio, companies said on Monday. The deal will also help Bandhan Bank's main shareholder, Bandhan Financial Holdings, reduce its stake in lender to just above 60 per cent, local media reported earlier in day. Shares in both companies fell

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Infosys scrip closed at Rs 669.85 at end of Tuesday's trading on BSE.

Bengaluru: 

Software major Infosys will buy back its shares again and pay special dividend to its shareholders for this fiscal (2018-19), said company on Tuesday. "The company's Board of Directors will consider buyback of its paid-up equity shares, payment of special dividend and

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Operation in SBI (State Bank of India) and private sector banks remain unaffected.

Banking operations were affected in some parts of country on Tuesday as a section of employees refrained from work in support of two-day strike call given by ten central trade unions (CTUs), reported news agency Press Trust of

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Jet Airways stock dropped 67% last year and was among worst performers in S-P BSE 500 Index.

Debt-laden Jet Airways is trying to renegotiate contracts with its vendors as lenders demand a revival plan by month-end from country's second-largest airline by passengers, according to people with knowledge of discussions.

The Naresh Goyal-led airline

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