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Interim Budget 2019: Unlike a full-year budget, an interim budget covers a smaller period of time

Finance Minister Arun Jaitley will present Budget 2019 on February 1. That would be an interim budget. An interim budget, just like a full-year budget, is an annual financial statement of a government's finances. It contains key details such as where

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Rupee has lost 64 paise in these three sessions.

Mumbai: 

The rupee on Tuesday plunged by 13 paise to close at one-month low of 71.05 against US dollar amid strengthening greenback and surging crude oil prices. At Interbank Foreign Exchange, rupee opened weaker at Rs 70.79 then lost further ground and fell to a low of 71.15 against American

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The event will be attended by Defence Minister Nirmala Sitharaman.

The government will launch a defence industrial corridor in Tamil Nadu on January 20 during which major investments in sector are expected to be announced, Secretary of Defence Production Ajay Kumar said on Monday. The event will be attended by Defence Minister Nirmala Sitharaman

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Ahead of a general election, government run by BJP has announced several stimulus measures.

New Delhi: 

Country's ruling party is in favour of an expansionary economic policy and does not consider government's plan to keep fiscal deficit to 3.3 per cent of GDP as "sacrosanct", a party spokesman told Reuters.

Ahead of a general election that must be

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In November, trade deficit was $16.67 billion.

New Delhi: 

Trade deficit narrowed to $13.08 billion in December, lowest in 10 months, due to a fall in gold imports, trade ministry said in a statement on Tuesday. In November, trade deficit was $16.67 billion.

In December, merchandise exports rose 0.34 per cent from a year earlier to $27.93 billion,

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Analysts will keenly watch scout for any announcements on cash-starved NBFC sector

Non-banking financial companies (NBFCs), also known as shadow banks, have suffered a blow ever since a liquidity crunch brought to fore various issues affecting sector. As Finance Minister Arun Jaitley tables interim Budget in Parliament on February 1, analysts will

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Etihad might have to make an open offer in case it is hiking stake in Jet Airways, say reports.

Mumbai: 

Amid concerns over financial health of Jet Airways, Civil Aviation Ministry on Wednesday expressed hope that airline, its strategic partner Etihad and lenders reach a "common plan" to deal with situation. Jet Airways, which has also defaulted on

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The participants also recommended tax sops to attract quality employment in education.

New Delhi: 

Minister of State for Finance Shiv Pratap Shukla on Tuesday said government is open to reconsider Goods and Services Tax (GST) rates on certain components in education sector. Speaking at a pre-budget discussion on expectations for education,

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Currency fluctuations and regulatory restrictions have limited profitability for many pharma firms

Pharmaceutical companies in country, largest provider of generic drugs globally, have faced several challenges in recent times. Where on one hand currency fluctuations have limited profitability for some companies, regulatory restrictions and pending

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The government had infused Rs 500 crore in Exim Bank last financial year.

The Union Cabinet on Wednesday approved fund infusion in Export-Import Bank of India (Exim Bank), sources said. The infusion would help bank expand its business, they added. The government had provided for Rs 500 crore towards capital infusion in Exim Bank in budget for this

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New Delhi: 

Industry chamber Ficci or Federation of Indian Chambers of Commerce and Industry on Sunday recommended that government lower corporate tax rates across board to 25 per cent irrespective of turnover in coming Union Budget on February 1 in order to spur economic growth and increase overall revenue collections.

Ficci said in a statement

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Index heavyweights such as Infosys and Reliance Industries led gains on Nifty

Domestic shares rose on Tuesday, after inflation rate plummeted to an 18-month low, raising optimism that central bank could ease monetary policy next month, as nation faces a manufacturing slowdown and weak growth in farm sector. Annual retail price inflation declined to

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Rakesh Kapoor: Reckitt Benckiser's stock has almost doubled in value under his leadership.

British consumer goods maker Reckitt Benckiser Group Plc said on Wednesday Chief Executive Officer Rakesh Kapoor would retire by end of 2019 after more than eight years at helm and more than three decades with company. The maker of Durex condoms and Enfamil

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Forty six out of Nifty50 stocks closed in green.

Breaking a three-day fall, domestic stock markets surged over one per cent on Tuesday as a plunge in inflation rates fuelled hopes of monetary easing. The S-P BSE Sensex ended 464.77 points, or 1.30 per cent, higher at 36,318.33 while NSE Nifty50 settled

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Finance Minister Arun Jaitley will present Interim Budget 2019 on February 1. Various entities, from corporates and analysts to economists and lobbyist, will watch Budget announcements closely for any changes in rules pertaining to infrastructure sector. Industry body Ficci has said that a reduction in basic customs duty applicable to

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It is unclear whether Indra Nooyi would accept nomination if chosen by Trump administration.

New York: 

India-born Indra Nooyi, former CEO of global beverage giant PepsiCo, is being considered by White House for new World Bank president, according to a leading American daily. Nooyi, 63, stepped down as PepsiCo's chief last August after leading

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The government is due to present Interim Budget 2019 in Parliament on February 1. For real estate sector, a slowdown in demand across segments has highlighted many challenges ahead. The real estate sector - which relies highly on borrowings - has faced a slack in recent past due which in turn has impacted property prices. Many property consultants

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Domestic stock markets started Tuesday's session on a strong note, a day after macroeconomic data fuelled hopes of monetary easing by central bank in coming months. The Sensex jumped as much as 339 points to touch 36,192 in early trade while Nifty hit 10,837, up 99 points from previous close. Top gainers on 50-scrip index were Yes Bank, Reliance I

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INR Vs USD: The rupee on Tuesday plunged by 13 paise to close at 71.05 against dollar.

The rupee opened on a weaker note but soon pared losses and appreciated by 13 paise to 70.92 against US dollar in opening trade on Wednesday, driven by gains in domestic equities and weakening of greenback in overseas markets. 

The rupee opened on a weak note at

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Union Budget 2019: Ficci has said that customs duty should be abolished from anthracite coal

Industry body Ficci has recommended a series of steps for steel-making industry. Among key changes, suggested by Ficci in its pre-Budget memorandum 2019-20, it has pitched for reduction in customs duty on a variety of materials used as key inputs in

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At moment, income up to Rs 2.5 lakh is exempt from personal income tax.

Finance Minister Arun Jaitley may double income tax exemption threshold for salaried from present Rs 2.5 lakh to Rs 5 lakh while also reinstating tax-free status for medical expenses and transport allowance, providing some relief to section already under strain since

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Share markets on Wednesday: The gains on Dalal Street were led by banking, metal and realty stocks.

Domestic stock markets started Wednesday's session on a positive note tracking heavy buying by domestic institutional investors after government said that country's trade deficit had narrowed to a 10-month

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CEO Akbar Al-Baker said Qatar Airways would be "delighted" to take a stake in IndiGo.

Mumbai: 

Qatar Airways will not buy a stake in Jet Airways as a substantial portion of debt-laden carrier is held by Etihad Airways, whose owner Abu Dhabi is an "enemy" of Qatar, its CEO Akbar al-Baker said on Tuesday. Abu Dhabi is part of United Arab Emirates that

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The fall of exports in December is biggest since December 2016.

China's exports fell to a whopping $221.25 billion in December registering biggest plunge in two years amid ongoing trade war with US, highlighting continued slowdown of world's second largest economy. Both exports and imports fared worse than expected in December, according to figures

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The new flights are launched under regional connectivity scheme, "UdeDesh ka Aam Nagrik" (UDAN).

Kolkata: 

Private carrier SpiceJet on Tuesday flagged off a daily direct flight on Kolkata-Lilabari route, under regional connectivity scheme, "UdeDesh ka Aam Nagrik" (UDAN).    

"Lilabari is SpiceJet's first destination in Assam under UDAN scheme and we

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In upcoming Budget, which will be presented by Finance Minister Arun Jaitley on February 1, stakeholders from different sectors will look for announcements and their possible impact on market. The country's insurance industry, which comprises more than 50 companies, has some challenges that need to be addressed, say experts. Industry body Ficci

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Sovereign gold rose by Rs 100 to Rs 25,400 per piece of eight grams.

Gold prices on Monday went up by Rs 225 to Rs 33,100 per 10 grams at bullion market in national capital, reported news agency Press Trust of India (PTI). The jump came on back of positive trend overseas and a surge in demand from local jewellers, reported agency quoting All India

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Under State Bank of India (SBI) annuity deposit scheme, a nomination facility is also available.

SBI or State Bank of India, country's largest lender, offers annuity deposit scheme, which is a type of fixed deposit (FD) or term deposit. The scheme enables depositor to pay a one-time lump sum amount and receive same in equated monthly instalments

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Fixed Deposit (FD) interest rate: Fixed deposit interest rates are subject to change from time to time.

State-run Bank of Baroda revised its fixed deposit interest rates with effect from Monday. Fixed deposits or FDs are secure financial instruments offered by public, private sector banks, small finance banks, non-banking financial companies

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Rupee pared early gains and fell to an intra-day low of 70.95 against US dollar.

Mumbai:  The rupee on Monday plunged by 43 paise to close at nearly one-month low of 70.92 against US dollar, reported news agency Press Trust of India (PTI). The fall came amid weak industrial output growth data, fall in domestic equity markets and

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