Business

Indian Oil Corp, country's biggest refiner, said on Wednesday that Iran may still invest in a refinery expansion project at one of its subsidiaries.

Indian Oil chairman Sanjiv Singh said that Iran has not ruled out participating in expansion at Chennai

GST collection dropped to Rs 94,726 crore in December 2018, lower than Rs 97,637 crore collected in previous month. The total number of sales returns or GSTR-3B filed till December 30, 2018, is 72.44 lakh, finance ministry said in a statement. Compensation

The rupee started New Year on a positive note. Gaining by 15 paise against greenback, rupee touched 69.62 in early trade on Tuesday. Besides weakness in greenback against some currencies overseas, said forex traders, increased selling of US currency by exporters and banks supported rupee. At interbank forex market, rupee opened higher at

The coming general elections, along with ongoing US-China trade war and crude oil prices will determine trajectory of equities in 2019.

Additionally, Reserve Bank of India's (RBI) rate stance, direction of foreign fund flows, rupee's strength

Gold prices rose by Rs 200 to Rs 32,470 per 10 grams at bullion market on first day of trade in 2019 amid pick-up in demand, reported news agency Press Trust of India (PTI). In line with gold, silver too gained Rs 150 to Rs 39,250 per kg on increased demand from

State-run lender UCO Bank on Monday said central government has infused Rs 3,076 crore of capital into it by way of preferential allotment. The government "has conveyed its decision to invest Rs 3,074 crore in equity of Bank by way of preferential allotment and Bank has

The use of artificial intelligence (AI) offers a cost-saving opportunity worth about $340 billion for retail companies able to scale and expand scope of their existing deployments, according to a new global study from French technology

Domestic stock markets closed in green amid cautious trade on first trading day of calendar year 2019. The S-P BSE Sensex ended 186.24 points or 0.52 per cent higher at 36,254.57 on Tuesday, while broader Nifty50 of National Stock Exchange (NSE) finished at 10,910.10, up 47.55 points or 0.44 per

The rupee on Monday signed off last trading session of 2018 with 18 paise gains at 69.77 per dollar but clocked a 9.23 per cent fall during year after witnessing its one of tumultuous years in recent past. On year-over-year basis, rupee depreciated by a whopping 509 paise, or 9.23

Manufacturing activity expanded at a slower pace in December as growth in new orders and output waned, despite factories cutting their prices, a private survey showed on Wednesday.

The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, declined to 53.2 in

Jet fuel price was cut on Tuesday by a record 14.7 per cent on back of decline in international rates, making it cheaper than both petrol and diesel. The price of Aviation Turbine Fuel (ATF) -- used to power airplanes --  was slashed by Rs 9,990 per

The asset quality of banks showed improvement with gross non performing assets' (GNPAs) ratio declining to 10.8 per cent in September 2018 from 11.5 per cent in March 2018, a Reserve Bank of India (RBI) report said Monday. The net NPAs ratio also witnessed

The rupee deprecated by 23 paise and fell to 69.70 per dollar mark in early trade on Wednesday amid strengthening of American currency and lower opening in domestic equities. Forex traders said sustained foreign fund outflows also weighed on local unit. However, lower

State-run Punjab National Bank (PNB) has revised its fixed deposit interest rates in select maturities. With effect from January 1, 2019, PNB will pay interest at rate of 5.75 per cent to general public on fixed deposits up to Rs 1 crore for maturity periods between seven days a

Domestic cooking gas (LPG) price was cut by Rs 5.91 per cylinder on Monday, second straight reduction in a month's time due to tax impact on reduced market rate of fuel. A 14.2-kg subsidised LPG (Liquefied petroleum gas) cylinder will cost Rs 494.99 in national capital from midnight tonight as against Rs 500.90 currently, Indian Oil

Government will make physical settlement of all equity derivatives contracts mandatory this year in a bid to reduce volatility and reinvigorate process of borrowing and lending of stocks.

The Securities and Exchange Board of India, or Sebi, had

China has sought talks with India to allay concerns on a regional free trade pact it is spearheading, two people familiar with matter said, as Beijing seeks newer markets amid ongoing trade war with US.

The 16-country Regional Comprehensive Economic Agreement has been in works for a while

The banking sector is on "course to recovery" as afflicting non-performing assets recede, but state-run lenders need reforms in governance, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday. The weaker ones among public sector

Debt-laden Jet Airways Ltd has delayed payment to a consortium of banks, led by State Bank of India Ltd, airline said late Tuesday.

The payment of interest and principal instalment was delayed "due to temporary cash flow mismatch" and company is in

LPG or liquid petroleum gas prices were lowered this month. While subsidised LPG rates were lowered by Rs 5.91-6.03 per cylinder in Delhi, Kolkata, Mumbai and Chennai with effect from January 1, 2019, non-subsidised cooking gas prices were reduced by

Output in eight core industries grew at at 3.5 per cent in November, its slowest pace in 16 months, due to a fall in crude oil and fertiliser production, official data showed on Monday.

The lowest expansion in output growth of these key industries was last

Heavyweights HDFC, HDFC Bank, Mahindra - Mahindra contributed most to losses on Sensex.

SBI or State Bank of India, country's largest lender, offers option of opening a Multi Option Deposit Scheme (MODS) account under its personal banking portfolio. SBI Multi Option Deposit Scheme is a type of fixed deposit or term deposit scheme. A fixed

Finance Minister Arun Jaitley on Monday said government was not seeking Reserve Bank of India reserves to meet fiscal deficit target but to utilise it for accelerating poverty alleviation programmes and recapitalising state-owned banks. Replying to a

The Reserve Bank of India on Tuesday released a set of guidelines on restructuring of loans to MSME (Micro, Small and Medium Enterprises) sector. Announcing new norms, RBI permitted a one-time restructuring of existing loans to troubled MSMEs under certain conditions. The RBI

Domestic shares began year on a negative note on Tuesday as investors stayed away from making bets, with corporate earnings season slated to begin next week.

With trade optimism bringing some cheer, markets posted their third consecutive annual gain in 2018 and outperformed most Asian indices, according to Refinitiv data. However, global stock

Gold gave a return of over 6 per cent in year gone by. Ending last session of 2018 on a weaker note, gold prices on Monday plunged by Rs 370 to Rs 32,270 per 10 grams at bullion market, reported news agency Press Trust of India. Monday's decline came due to a considerable fall

The rupee kicked off 2019 on a resounding note, building up on gains of previous two sessions and adding another 34 paise on Tuesday to close at 69.43 against US dollar on increased selling of greenback by exporters and smart gains in domestic equities. The domestic unit

Domestic stock markets started first session of calendar year 2019 on a lacklustre note. The Sensex opened 93 points higher at 36,161 and Nifty at 10,881, up 19 points from previous close. However, benchmark indices reversed those gains in first few minutes of trade, with Sensex falling as much as 89 points to hit 35,978, and Nifty shedding 29 poi

IRCTC (Indian Railway Catering and Tourism Corporation) Tourism is offering a tour package of  six nights and seven days to Chennai, Tirupati, Trivandrum, Kanyakumari, Rameshwaram and Madurai. The package is named "South India Divine Tour Package Ex Delhi" and will cover significant temples such as Padmanabhaswamy Temple, Vivekanananda Rock