Business

AMS provides Apple with optical sensors for 3D facial recognition features on its newest smartphones

Vienna: 

Shares in AMS AG lost a fifth of their value on Thursday after a sales warning from major customer Apple brought concerns over challenges for Austrian sensor specialist sharply into focus. AMS provides Apple with optical sensors for 3D

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Finance Minister Arun Jaitley said on Thursday commercial banks were likely to recover 70,000 crore rupees of bad loans by end of March, helped by resolution of 12 large cases.

Some of big cases such as Bhushan Power and Steel Ltd and Essar Steel India Ltd are in advanced stages of resolution, and are likely to be resolved in this financial year,

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Rupee vs Dollar: The rupee depreciated 9.2 per cent against dollar last year

After appreciating for three consecutive sessions, rupee weakened on Wednesday. The rupee settled at 70.18 against dollar, down 75 paise - or 1.1 per cent - from previous close. A gain in dollar overseas and a selloff in domestic

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Investment in nine small savings schemes earns interest at rate of 4-8.7%

The government has revised interest rates applicable to select small savings schemes. Investment in time deposits of one-year, two-year and three-year maturity periods will fetch interest at rate of 7 per cent in quarter ending March 31, 2019, Ministry of Finance said in a

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FIIs have been net sellers only on three occasions since 2002.

Mumbai: 

After a massive exodus of foreign funds from country's capital market segment in 2018, analysts anticipate a recovery in inflows on back of robust corporate earnings and resolution of ongoing liquidity crisis. Experts are of opinion that foreign fund outflows last year was due

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New Delhi: 

Oil and Natural Gas Corp (ONGC) will reconsider government's demand that it list ONGC Videsh Ltd, its overseas exploration subsidiary, Shashi Shanker, chairman and managing director of company, said on Wednesday.

The company has some reservations about listing of ONGC Videsh and has conveyed this to government, Mr Shanker told reporters

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GoAir Rs 1,199 offer: The booking period of GoAir's flight ticket offer ends on January 4, 2019.

GoAir is offering domestic flight tickets at a starting all-inclusive price of Rs. 1,199 in a special sale offer, said carrier on its official website, goair.in. Bookings under GoAir scheme can be made till January 4, 2019. This special sale is valid

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Johnson - Johnson is mired in a controversy surrounding safety of its baby talcum powder

New Delhi: 

Johnson - Johnson's sales in India dipped 3 per cent in year to March 2018, a regulatory filing showed on Thursday, as US drug maker grappled with country's stringent medical device pricing policies.

The company, currently mired in a

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Post office senior citizen savings account (SCSS) can be opened by an individual of 60 years or above.

Senior Citizen Savings Scheme (SCSS), one among nine small savings schemes offered by post office, serves as an investment avenue and helps in generating wealth for a successful retirement life. Post office Senior Citizen Savings Scheme has a

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Arun Jaitley said tribunal had started receiving corporate insolvency cases by end of 2016.

Finance Minister Arun Jaitley said on Thursday that commercial banks were likely to recover Rs 70,000 crore of bad loans by end of March, helped by resolution of 12 large cases. Some of big cases, such as Bhushan

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China lowered threshold for blocking citizens with overdue taxes from leaving country.

China's plan to cut taxes in 2019 for masses has nation's super-rich running for cover on concern government will make up shortfall by going after wealthy.

Changes to tax regime as of Januray. 1 mean authorities will be paying closer attention to assets and

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Merger of Bank of Baroda, Vijaya Bank - Dena Bank will come into force on April 1, 2019

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved merger of state-run Vijaya Bank, Bank of Baroda and Dena Bank. This marks first-ever three-way merger in country's banking sector. The merged

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Train 18 is likely to be introduced in service before Kumbh mela.

Train 18, country's first engine-less train, will make its first journey between New Delhi and Varanasi in January 2019, Railway Ministry officials were quoted as saying in an Indo-Asian News Service (IANS) report. The report also pointed out that engine-less train, which is capable

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Spencer Neumann joined Activision in May 2017 from Walt Disney Co.

Spencer Neumann, who was abruptly put on leave by Activision Blizzard Inc. and then fired from his job as chief financial officer, had a provision in his contract that barred him from negotiating with other potential employers.

Activision, maker of Call of Duty and other video games,

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Recently, Governor Shaktikanta Das also met chiefs of public sector and private sector banks.

Mumbai: 

A day after Reserve Bank allowed restructuring defaulted loans of up to Rs 25 crore taken by micro, small and medium enterprises (MSMEs), Governor Shaktikanta Das said he will hold talks with representatives from MSME and non-banking financial

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Sovereign gold, however, remained unchanged at Rs 25,200 per piece of 8 grams.

Extending gains for third straight session, gold prices on Thursday surged by Rs 335 to Rs 32,835 per 10 grams at bullion market in national capital, reported news agency Press Trust of India (PTI). The jump came amid weaker rupee against dollar, reported agency citing

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Apple Inc., for first time in almost two decades, lowered its revenue outlook, citing fewer than expected upgrades to new iPhones, weakness in China's economy and supply constraints to newer models of Apple Watch, iPad Pro and AirPods.

Chief Executive Officer Tim Cook said Wednesday company expects sales of about $84 billion in quarter ended Dec.

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Customers get a number of facilities such as debit and ATM cards and internet banking with BSBD account.

State Bank of India's Basic Savings Bank Deposit (BSBD) account, a zero balance savings account, doesn't require customers to maintain any particular minimum average balance. BSBD account is primarily meant for poorer sections of society to

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42 of Nifty50 stocks finished in negative zone.

Domestic stock markets extended losses to a second straight session as caution prevailed among investors ahead of key corporate earnings due next week. S-P BSE Sensex shed 377.81 points, or 1.05 per cent, to end at 35,513.71 while NSE's broader Nifty50 settled 120.25 points, or 1.11 per cent lower

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Dena Bank and Vijaya Bank will be a part of with Bank of Baroda with effect from April 1

Shares of state-run Dena Bank and Vijaya Bank plunged on Thursday after Cabinet approved their merger with Bank of Baroda late on Wednesday, in an attempt to clean up country's banking system.

Under merger plan, Bank of Baroda said it would issue 110 shares of

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FD Interest Rates: Fixed deposit interest rates are subject to change from time to time.

Punjab National Bank revised its fixed deposit interest rates with effect from Tuesday. Fixed deposits or FDs are secure financial instruments offered by public, private sector banks, small finance banks, non-banking financial companies (NBFCs) and post offices,

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Parliamentary panel on Thursday asked central bank to review its rules on capital requirement for banks beyond limits under global Basel III capital regulations, which could improve their lending ability.

"Such stringent norms stipulated by RBI for our banks is unrealistic and unwarranted," according to a report by Parliamentary Committee on

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Vodafone Idea lost 7.4 million users while Bharti Airtel lost 1.9 million users in October, data showed

Telecom stocks such as Vodafone Idea lost ground on Thursday after industry regulator released monthly data that showed a bleak rise in country's mobile phone customer base.

The country's mobile phone customer base rose 0.06 per cent, or a net

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Share markets on Wednesday: Forty one out of 50 stocks on Nifty finished session lower.

Domestic stock markets fell around 1 per cent on Wednesday tracking weakness in Asian peers. Bombay Stock Exchange (BSE) benchmark index Sensex ended at 35,891.52, down 363.05 points or 1.00 per cent from previous close,

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Reliance Jio 'Happy New Year' offer: The last date to avail cashback offer is January 31, 2019.

Reliance Jio has announced a 100 per cent cashback on purchase of its prepaid plan of Rs 399 in a limited-period offer. Under "Happy New Year" offer, Reliance Jio prepaid customers recharging their connections with Rs 399 plan will get discount of same

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Billionaire Warren Buffett has said he would love to see Apple Inc shares decline in price so he could buy more. He is getting his wish.

Apple's warning on Wednesday about weak iPhone demand in holiday quarter due to slower sales in China sent its stock down 7.5 per cent during after-hours trading. Class B shares of Mr Buffett's Berkshire Hathaway

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Loss of margin should be full reversed by March end of current fiscal year, official added.

State-owned fuel retailers have stopped absorbing a government-mandated cut of Rs 1 (0.014 US cents) a litre in their marketing margins on sale of petrol and diesel due to a steep fall in global oil prices, sources said. In October, finance ministry had cut

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The funds will be raised through issuance of secured redeemable non-convertible debentures (NCDs).

Mumbai: 

The HDFC's Board will consider raising Rs 45,000 crore through issuance of secured redeemable non-convertible debentures (NCDs). Accordingly, company's Board will consider issuance of NCDs on private placement basis in a meeting on January 29,

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Shares of state-owned bank closed 3.16 per cent down at Rs 119.40 apiece on BSE.

New Delhi: 

Bank of Baroda on Wednesday said its board has approved raising up to Rs 1,285 crore by issuing Basel III compliant bonds. In two separate decisions, committee of bank approved issuance of tier II capital bonds compliant with Basel III capital regulations of

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Concerns about a global economic slowdown impacted sentiment in oil markets, say analysts

Singapore: 

Crude oil markets dropped by around 1 per cent in 2019's first trading on Wednesday, pulled down by surging US output and concerns about an economic slowdown in 2019 as factory activity in China, world's biggest oil importer, contracted.

International

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