Business

New Delhi: 

State-owned Air India will commence new flight services to Allahabad from Delhi, Ahmedabad and Kolkata during "Kumbh Mela".

According to airline, flights will be operated from January 13 to March 30, 2019.

 

(Except for headline, this story has not been edited by TheIndianSubcontinent staff and is published from a syndicated feed.)

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A Financial Data Protection bill has been drafted that aims to address all these issue, he said.

New Delhi: 

The government is working with Reserve Bank (RBI) to look into cases of financial frauds involving amounts which are below Rs 1 lakh, IT (information technology) Minister Ravi Shankar Prasad said in Rajya Sabha on Friday. A Financial Data

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The bank added that it will seek shareholders' approval for scheme.

Public sector lender Union Bank of India plans to raise up to Rs 600 crore through "Employee Share Purchase Scheme", subject to shareholders' approval.

According to bank, its stakeholders Relationship Committee (SRC) has approved scheme for raising equity capital.

"The SRC at its

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Under Rs 499 plan, Airtel offers unlimited calling, 75 GB 3G/4G data per month with a rollover facility.

Telecom operators are offering a host of benefits with postpaid plans these days. Companies such as Bharti Airtel and Vodafone Idea are offering additional benefits such as subscription to Amazon Prime Video and Netflix along with regular

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Thirty three out of 50 stocks on Nifty finished session higher.

Breaking two-day fall, domestic stock markets ended Friday's volatile session on a positive note. The 30-scrip Bombay Stock Exchange (BSE) benchmark index closed at 35,695.10, up 181.39 points or 0.51 per cent, from previous close, and Nifty50

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Heavyweights HDFC, ITC, HDFC Bank and SBI contributed most to gains on 30-scrip benchmark index.

Domestic stock markets started Friday's session on a positive note, driven by recovery in auto, metal and banking stocks amid buying by domestic institutional investors.The S-P BSE Sensex surged as much as 191.14points to touch 35,704.85, while

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Jet Airways has a total of 124 aircraft, vast majority of which are leased.

Debt-laden Jet Airways is close to reaching a deal with State Bank of India for a fresh loan of Rs 1,500 crore ($215 million) to meet its working capital needs, two sources aware of matter told Reuters. The airline has scheduled a meeting on January 8 with its vendors and

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The Sensex and Nifty were on course to break a two-day fall

Domestic stock markets regained strength in afternoon on Friday, after see-sawing between gains and losses amid cautious trade earlier in session. The Sensex gained as much as 230 points to hit 35,744 at day's strongest point by afternoon, while

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DIPP assured that FDI in allowed only in B2B e-commerce segment.

The Centre on Thursday said Foreign Direct Investment (FDI) policy on e-commerce does not allow foreign investments into multi-brand retail.

The Departent of Industrial Policy and Promotion (DIPP), in a statement assured that FDI in allowed only in business-to-business (B2B) e-commerce

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Investment in five-year fixed deposits or tax-saving FDs - is locked in for a period of five years

Money invested in a five-year fixed deposit (FD) account offers income tax benefit - in form of deduction of taxable income - under Section 80C of Income Tax Act. Using this special type of fixed deposit or FD, investor can obtain a deduction up to

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Arun Jaitley said merger would create a bigger entity like SBI.

New Delhi: 

Finance Minister Arun Jaitley on Friday said in Lok Sabha that there would be no loss of jobs due to merger of public sector banks. Earlier this week, Cabinet approved merger of Vijaya Bank and Dena Bank with Bank of Baroda. Mr Jaitley said that there would be no job losses

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Small finance banks often pay higher returns on deposits in savings accounts compared to commercial banks

Small finance banks often pay higher interest rates on deposits compared to commercial banks. Primarily aimed at financial inclusion, small finance banks often pay higher returns on deposits in savings accounts compared to commercial banks,

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The government revises interest rates on small savings schemes every quarter.

The government offers nine small savings schemes and offers an interest rate of seven per cent and above on eight of them. The schemes -- Five-Year Recurring Deposit, Time Deposit (TD), Monthly Income Scheme, Senior Citizen Savings Scheme (SCSS), Public Provident Fund

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A sub-index tracking overall demand in sector declined to 52.7 last month from 53.3 in November.

Bengaluru: 

Growth in country's services sector slowed slightly in December, but firms hired at a faster clip on continuing optimism as new business and employment remained buoyant, a private survey showed on Friday. The Nikkei/IHS Markit Services Purchas

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Apple share price: US and Frankfurt-listed stocks tumbled almost 10% during Thursday's session

Apple's warning on revenue rocked financial markets on Thursday, as investors shunned equities and sought safety in bonds and less risky assets amid renewed concerns about slowing global economic growth and damage from China-US trade war. Technology

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At Interbank Foreign Exchange (forex), rupee opened on a firm note at 69.95.

Mumbai:  The rupee appreciated by 48 paise against dollar on Friday, marking its strongest single-session gain in two weeks. The rupee ended at 69.72 against greenback. Strength across Asian peers on easing of worries about global growth and US-China

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Of 11 major sectors in S-P 500, all but defensive real estate and utilities stocks closed in red.

New York: 

Wall Street plunged on Thursday after slowing US factory activity on heels of a dire revenue warning from Apple Inc fueled fears of a global economic slowdown.

The magnitude of Apple's holiday quarter revenue shortfall sent shockwaves

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Maggi, Nestle India's single-largest revenue earner, was banned in June 2015 for six months

ZURICH: 

Food group Nestle said on Thursday a ruling by Supreme Court marked a partial victory in its row with government over Maggi noodles. Maggi, Nestle India's single-largest revenue earner, was banned in June 2015 for six months across country following

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The country's previous licensing rounds have been dominated by local firms.

New Delhi: 

The government will start auctioning for 14 oil and gas blocks in its second exploration licensing round on Monday, giving freedom to companies to carve out areas they want to drill. The blocks together hold undiscovered reserves of about 14,995 million tonnes of

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There has been no recent decision regarding 2,000 rupee note production, Subhash Chandra Garg said.

New Delhi: 

Government has not yet decided on further printing of 2,000 rupee notes as there are more than adequate notes of this denomination in system, Economic Affairs Secretary Subhash Chandra Garg said.

Printing of notes is planned as per

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The total currency in circulation amounts to Rs 18,03,700 crore at end-March 2018.

New Delhi: 

The printing of Rs 2,000 banknote, introduced post-demonetisation in November 2016, has been reduced to "minimum" by Reserve Bank, a top finance ministry official said on Thursday. Soon after shock decision to ban old Rs 500 and 1,000 currency notes by

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The train services across northern railways were affected due to low visibility.

The Northern Railway, a unit of Indian Railways, cancelled 55 trains while 25 trains remained partially cancelled and at least 11 trains were delayed on Friday as dense fog enveloped several parts of national capital, reported Press Trust of India (PTI). The situation,

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Interest-rate cuts could give a boost to lending and growth before general election

India's economy grew at a faster pace than most major nations in 2018, and this year, it's poised to overtake UK to become world's fifth-biggest.

But that journey won't be smooth. The outcome of a general election due by May is a potential pitfall for a nation

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On Wednesday, rupee had tumbled 75 paise to 70.18 against Dollar.

Mumbai: 

The rupee weakened for second straight session on Thursday, slipping by 2 paise to 70.20 against US dollar on robust foreign fund outflows amid rising trade deficit worries. Meanwhile, yen surged to multi-year highs on safe-haven buying following a 'flash crash' that spooked

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SBI offers maturity period ranging from seven days to 10 years for fixed deposits.

Fixed deposits (FDs) are secure investment avenue offered by commercial banks, non-banking financial companies, small saving banks and post offices. Also known as term deposits, these accounts offer higher rate of interest than savings accounts. The interest rates on

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On Thursday, rupee fell 2 paise to 70.20 against dollar.

The rupee appreciated 34 paise to 69.86 against US dollar in opening trade Friday amid weakening American currency and positive opening of domestic equity market. Forex traders said, American currency lost some ground against major currencies overseas, while on domestic front, equity market

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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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In previous three days, gold prices had surged by a total of Rs 565.

Snapping its three-day gains, gold on Friday declined by Rs 145 to Rs 32,690 per 10 grams at bullion market in national capital, reported news agency Press Trust of India (PTI). The fall came amid weaker dollar against rupee, said agency citing All India Sarafa Association.

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All Jet Airways India Ltd. ever needed was 1 rupee, or just 1.4 US cents, for providing hot meals and cold towels.

Since even that modest goal has proven elusive, India's longest-surviving private airline now needs bankers with spine to keep flying.

It's been clear for some time that Jet, falling behind even on pilots' wages, was going to skip a

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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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