Business

In SBI's Flexi Deposit Scheme premature withdrawal is allowed.

SBI or State Bank of India, the country's largest lender, offers the option of opening a flexi deposit account under its personal banking portfolio. SBI's flexi deposit scheme is similar to recurring deposit (RD). However, in case of a flexi

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Union Minister Ravi Shankar Prasad said six PSU companies will be listed on stock exchanges

The government on Friday said that the Cabinet Committee on Economic Affairs (CCEA) has cleared share sale plans of seven public sector companies. Giving details of the PSU (public sector undertaking) companies, Union Minister Ravi Shankar Prasad said the

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The domestic unit moved in a range of 70.39 to 70.18 during the day, before closing at 70.35.

Mumbai: 

The rupee tumbled by 29 paise to 70.35 against US dollar Thursday amid strengthening of the greenback even as crude oil prices eased. Brokers said the US dollar firmed up against major global currencies following easing of tensions between the

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Arun Jaitley said that minor and major penalties have been imposed against erring officials.

New Delhi: 

The government on Friday said action has been taken against more than 6,000 officers of nationalised banks last fiscal in cases of lapses that led to bad loans. In a written reply, Finance Minister Arun Jaitley said that minor and major penalties

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Share markets on Friday: The Nifty PSU Bank Index ended 1.02 per cent higher.

Domestic stock markets extended their rising spree to a third straight day, with the Sensex regaining the 36,000 mark after a week tracking positive cues from Asian peers. The 30-scrip Bombay Stock Exchange (BSE) benchmark index

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Post Office 15-year PPF Account: Nomination facility is available at the time of opening the account.

India Post or Department of Posts, which runs the postal network of the country, offers a number of saving schemes with different interest rates. 15-year Public Provident Fund Account (PPF) is one among nine small savings schemes offered by India

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IDBI Bank said on Friday that it has allotted shares worth Rs 14,500 crore to Life Insurance Corporation. The move was part of the ongoing acquisition of a controlling stake in the bank by the insurance company. About 238.8 crore shares at a price of Rs 60.73 apiece were allotted to LIC through a preferential issue on Friday, according to a

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Jet Airways is offering 30 per cent discount on domestic and international flight tickets.

Airlines have announced a host of discount offers on domestic and international flight tickets. Jet Airways has announced a discount of up to 30 per cent in a limited-period scheme. GoAir is offering domestic flight tickets at a starting price of Rs. 1,399 in

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The booking period of GoAir's flight ticket offer ends on December 30, 2018.

GoAir is offering domestic flight tickets at a starting all-inclusive price of Rs 1,399 in a special promotional sale offer, said the carrier on microblogging site-Twitter. The booking period of GoAir's flight ticket offer ends on December 30, 2018. This special sale is

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Rupee moved in a range of 70.12 to 69.89, before finally ending at 69.95.

The rupee jumped 40 paise Friday to finish at an over one-week high of 69.95 against the US currency on strong dollar buying by banks and exporters amid the greenback's weakness overseas. Domestic stock markets extending gains for the third session also supported the local

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NEW DELHI: 

Secretary in the Ministry of Steel Binoy Kumar said on Friday that the government is in talks with the United States over exemptions on steel tariffs.

The government will also seek relief from Canada over quotas and tariffs next month, Binoy Kumar, the top most bureaucrat in the steel ministry, told reporters, as Indian steel companies

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E-Commerce Policy: The government on Wednesday introduced changes to foreign direct investment rules.

The government will announce a new draft policy for e-commerce in a few weeks, a source in the government said on Thursday, a day after the country tweaked foreign investment rules for the burgeoning sector.

The new e-commerce policy could entail

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The move will result in better prices for onions in the domestic market, the government said

NEW DELHI: 

The government on Friday doubled export incentives for onion farmers to 10 per cent, following steep drops in recent weeks in the prices for onions, a staple food in the country. The move will result in better prices for onions in the domestic

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In Rajdhani, Duronto and other AC trains, the number of seats earmarked for this category will be nine.

Indian Railways has enhanced the combined reservation quota of lower berths for senior citizens, female passengers of 45 years and above and pregnant women in mail, express trains and Rajdhani, Duronto trains, Ministry of Railways said in a

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Net tax receipts in the 8 eight months of the fiscal year that ends in March 2019 were Rs 7.32 lakh crore

NEW DELHI: 

The government risks missing its budget deficit target for the current fiscal year, data released on Thursday suggested, and economists said the government had already started to cut capital spending in an attempt to narrow the gap.

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Sovereign gold also went up by Rs 100 to Rs 25,200 per piece of eight grams.

Gold prices on Friday rose by Rs 170 to Rs 32,620 per 10 grams at the bullion market in the national capital amid increased demand and firm trend overseas, reported Press Trust of India (PTI). In line with gold prices, silver also spurted Rs 600 to Rs 39,250 per kg on

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Train 18 is set to replace the Shatabdi series.

New Delhi: 

Train 18, India's fastest train, will begin operations in January 2019 at a curtailed speed of 130 kmph, sources said on Thursday. Train 18, which is set to replace the Shatabdi series, has the potential to run between 160 kmph to 200 kmph. At trials, it breached the 180-kmph mark.

"Train 18

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Railway Minister Piyush Goyal described 2018 as "a year of many firsts" for the transporter

New Delhi: 

For the Indian Railways, calendar year 2018 saw the national transporter manufacturing the country's fastest train, rolling out its first air-conditioned local train, commissioning its longest bridge and converting a diesel locomotive into

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Bond yields jumped 10 basis points in late afternoon trade on Friday.

MUMBAI: 

Bond yields jumped 10 basis points in late afternoon trade on Friday after Reuters reported that the government was considering three options for a farm relief package that could cost up to 3 lakh crore ($42.82 billion).

Prime Minister Narendra Modi is considering a direct

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Foreign portfolio investors (FPIs) bought shares worth Rs 1,731.91 crore on Thursday on a net basis.

The rupee rose by 30 paise to 70.05 against the US currency in opening trade Friday aided by foreign fund inflows amid a weak dollar globally and sharp fall in crude oil prices. Domestic stock markets opened with gains of up to 1 per cent which also

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

After rising for three straight sessions, gold prices on Thursday declined slightly by Rs 50 to Rs 32,450 per 10 grams at the bullion market in the national capital, due to weak trend overseas, reported news agency Press Trust of India (PTI). Silver, however, witnessed a jump of

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The revised policy will come in force from February 1, 2019.

The policy changes the government announced on Wednesday for the e-commerce sector would have long term implications, said leading e-tailer Flipkart on Friday. "The government policy changes will have long-term implications for the evolution of the promising sector and whole ecosystem,"

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Panel recommended instituting a "proper monitoring system" to check the behaviour of airlines' staff.

New Delhi: 

A parliamentary panel has recommended to the government not to allow airlines to charge high fares during the festive and holiday seasons in the name of deregulation.

" The committee has taken a very strong view and the committee notes

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Top gainers on the Nifty included Adani Ports, Tech Mahindra, Infratel and Infosys

Domestic stock markets extended gains to a second straight session amid positive global cues. Bombay Stock Exchange benchmark index Sensex ended 157 points higher at 35,807 on Thursday, and the Nifty finished at 10,779, up 49

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Reliance Jio's Happy New Year Offer: This offer is valid only till January 31, 2019.

Reliance Jio on Friday announced a special 'Happy New Year' offer in partnership with AJio. Under the new scheme, Reliance Jio is offering 100 per cent cashback on prepaid recharge plan of Rs 399, the operator said on its official website- jio.com. This is a l

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Heavyweights HDFC, HDFC Bank, Reliance and ICICI Bank contributed the most to the gains on the Sensex.

Domestic stock markets rose for a third straight day on Friday, tracking firm global cues, heavy foreign fund inflow and strengthening rupee. The S-P BSE Sensex surged as much as 363.28 points to touch

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Air India has also realised a rental income of Rs 314 crore approximately, the minister said.

New Delhi: 

The government has prepared a revival plan for Air India that provides for a comprehensive financial package, differentiated strategies for each of the airline's core businesses and robust organisational reforms, Union Minister Jayant Sinha said

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Steel Authority of India Ltd (SAIL) wants to sign JV agreement with ArcelorMittal next month, SAIL's chairman said on Friday.

Higher input costs mean no scope for a cut in local steel prices, SAIL Chairman Anil Kumar Chaudhary said.

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IndiGo has not responded despite many complaints, said Derek O' Brien.

Private airline IndiGo is the "worst performing" carrier for consumers, while national carrier Air India has the best luggage policy, said parliamentary panel on civil aviation chairman Derek O' Brien. TMC MP Derek O'Brien, who heads the Parliamentary Standing Committee on

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E-commerce companies can make bulk purchases through their wholesale units.

New Delhi/Mumbai: 

Government will ban e-commerce companies such as Amazon.com and Walmart-owned Flipkart Group from selling products from companies in which they have an equity interest.

In a statement, the government also said that the companies will be prevented from

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