Business

Sebi has relaxed norms for new-age ventures in sectors like e-commerce and data analytics

Mumbai: 

In a series of reforms, capital markets regulator Sebi or Securities and Exchange Board of India on Wednesday eased norms for start-up listings, and allowed mutual funds to segregate distressed assets to safeguard investment returns. At a meeting held

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Standard Chartered layoffs would not result in any branch closures in the country, said report.

Standard Chartered Plc has laid off over 200 employees in India in its retail banking division, as more customers move to digital services, a person familiar with the matter told Reuters. The layoffs would not result in any branch closures in the

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The cost of petrol increased by 11 paise in Mumbai from Wednesday's level.

Petrol prices climbed marginally on Thursday across three of the four metro cities in the country after declining for nearly two months. In Delhi, petrol was sold at Rs 70.29 per litre on Thursday, up from Rs 70.20 recorded on Wednesday, according to Indian Oil Corporation

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In October, the trade deficit was at $17.13 billion.

November trade deficit narrowed to $16.67 billion due to a fall in gold imports, the country's trade ministry said in a statement on Friday.

In October, the trade deficit was at $17.13 billion.

Gold imports fell 15.59 per cent to $2.76 billion in November, data showed.

The country's oil imports,

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Non-banking financial companies are an important provider of credit to country's economy, said Moody's.

Mumbai: Liquidity constraints faced by some non-bank financial institutions will likely tighten overall credit supply and slow the country's economic growth rate to just above 7 per cent for fiscal 2019 and 2020, global credit ratings agency

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Gold prices today fell by Rs 320 to close at Rs 32,220 per 10 gram at the bullion market in New Delhi.

Gold prices fell today amid a slowdown in local demand and weak global cues, reported news agency Press Trust of India (PTI). Poor demand from local jewellers and weak global cues exerted pressure on the yellow metal, traders were quoted as saying

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United Airlines will deploy its Boeing Dreamliner 787-9 aircraft on the route.

Airline major United Airlines on Thursday announced it will introduce a new daily nonstop seasonal service between New Delhi and San Francisco from December 7, 2019 -- subject to government approval.

"United's new route to San Francisco will be the airline's third daily

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INR Vs USD: Fresh foreign fund inflows capped the losses for the domestic unit.

MUMBAI: The rupee Friday depreciated by 14 paise to 71.82 in early trade In the forex market as the American currency strengthened, while the domestic equity market opened on a weak note. Forex traders said strengthening of the US dollar against some currencies overseas

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Seventeen out of 30 Sensex stocks finished the session higher.

Domestic stock markets continued to rise for the third session in a row on Thursday. Strong macroeconomic data along with a boost in financial stocks on new RBI Governor Shaktikanta Das' move to open up a dialogue with lenders pushed the

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The IEA kept its 2019 forecast for global oil demand growth at 1.4 million bpd.

London: Oil prices slipped on Friday after China reported slower economic growth, pointing to lower fuel demand in the world's biggest oil importer, although market sentiment was supported by supply cuts agreed last week by major crude producers.

Benchmark Brent crude

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Thirty out of 50 Nifty stocks traded with losses.

Amid weak global cues, the domestic equity markets traded in the negative zone ahead of a crucial meeting of the Reserve Bank of India Board. The S-P BSE Sensex started at 35,960.19 and the Nifty50 barometer of the National Stock Exchange at 10,784.50. At 9:28 am, the 30-share Sensex traded at

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Flight ticket fares under Vistara's festive sale are inclusive of taxes and fees.

Vistara has extended its festive sale offer, in which it is offering flight tickets from an all-inclusive fare of Rs 999. Customers can book flight tickets under the latest Vistara sale until the midnight of December, 13, 2018, the airline said. Earlier, this sale was

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Jana Small Finance Bank revised its fixed deposit and recurring deposit interest rates effective today.

Small finance banks (SFBs), aimed at financial inclusion, offer financial products such as savings, recurring and fixed deposit (FD) accounts. While their products are similar to those provided by mainstream commercial banks, the interest rates

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Easing lending restrictions on some of the nation's weakest state-run banks will also be discussed.

The RBI board will meet on Friday with much of the hostility of the past two months with the government having eased, and new worries emerging about the institution's independence. Prime Minister Narendra Modi has a new ally at the Reserve Bank of

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Jana Small Finance Bank's FD and RD interest rates will come into effect from Friday.

Jana Small Finance Bank, a small finance bank, on Thursday announced an increase in its interest rates on term deposits (fixed deposits and recurring deposits). The new interest rates will come into effect from Friday, Jana Small Finance Bank said in a statement.

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Friday's board meeting was headed by the central bank's new governor, Shaktikanta Das

Mumbai: 

The Reserve Bank of India's board deliberated on the central bank's governance framework and has decided that the matter required further examination, the central bank said on Friday.

The statement released after the central bank's board meeting, which was

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SBI holiday savings account earns interest as per the prevailing interest rates for the 12 month period.

State Bank of India (SBI) in association with Thomas Cook offers the option of opening holidays savings account for holiday goers. Under this unique savings plan, investors can save monthly amounts in the form of a recurring deposit (RD) with

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Yes Bank Ltd said it was on track to find a new chief executive officer within the central bank's February 1 deadline, but the lender's shares fell sharply as the market was expecting some clarity at its board meeting on Thursday.

The bank now plans to submit the final recommendation for the CEO post to the Reserve Bank of India (RBI) after the

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Share markets on Friday: Twenty nine out of the 50 stocks on the Nifty closed in the green.

Domestic stock markets finished Friday's choppy session on a positive note. However, gains were restricted as investors remained on the sidelines amid a crucial Reserve Bank of India (RBI) board meeting. Bombay Stock

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Arun Jaitley said the RBI has the responsibility as far as credit and liquidity is concerned.

Admitting to differences with Urjit Patel, who quit as RBI Governor, Finance Minister Arun Jaitley on Thursday said the government is the sovereign body for managing the economy and RBI Governors have exited if differences were not settled.

"If you look at

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SBI, HDFC Bank and ICICI Bank offer the option of opening a BSBD account.

Most leading lenders of the country offer the option of opening a zero balance savings account in order to encourage people to make investments. Zero balance accounts are saving accounts where average monthly balance (AMB) rule is not applicable. Average monthly balance (AMB)

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SoftBank Group's telecoms unit priced its IPO at an indicated 1,500 yen ($13.22) a share

Tokyo: 

SBI Holdings said on Friday it has sold all its allotted shares in SoftBank Group Corp's soon-to-list telecom unit, underscoring strong retail demand for the shares.

One of the lead underwriters for the domestic portion of what is set to be Japan's

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India is restricted to buying 1.25 million tonnes per month, or about 300,000 barrels per day (bpd).

New Delhi: Country's monthly oil imports from Iran plunged to their lowest in a year in November with Tehran dropping two places to become only the sixth biggest supplier after New Delhi cut purchases due to the impact of U.S. sanctions, according

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BSNL said that a pay scale of Rs 24,900-50,500 will be applicable for the positions.

BSNL or Bharat Sanchar Nigam Limited has announced 300 vacancies for the positions of management trainees (MT) telecom operations. Half of the posts will be filled up from open market (external candidates), state-run BSNL said in a notification on its website. The

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Jet Airways has had seven CEOs in 10 years with its current chief taking over in August 2017.

NEW DELHI: Jet Airways Ltd's 69-year-old founder Naresh Goyal, who started out as an assistant in a travel agency, wove together charm, persistence and consummate dealmaking to build the country's biggest full-service carrier. Now, his penchant for control

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Top banks provide slightly better returns on FDs to senior citizens compared to the general public

Major banks in the country pay slightly higher returns to senior citizens than the general public on fixed income instruments such as term or fixed deposits (FD). Today, top commercial banks - from state-run SBI, Punjab National Bank and Bank of

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INR VS USD: Foreign fund outflows, rising crude prices capped uptrend in rupee.

The rupee gained 42 paise to 71.59 against the US dollar in early trade today after the new central bank chief indicated co-operating with the government and various banks in tackling economic issues, reported news agency Press

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Wholesale inflation - or the rate of increase in wholesale prices - is determined by WPI

Wholesale inflation cooled off to 4.64 per cent in November, provisional data from the government showed on Friday. The rate of increase in wholesale prices, determined by the Wholesale Price Index (WPI) stood at 5.28 per cent in October, the Ministry of

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The rupee advanced by 33 paise against the dollar to close at 71.68 on Thursday, a day after the release of strong macroeconomic data. The rupee rose by as much as 50 paise to touch 71.51 against the dollar during the session. However, it shed some of those advances by the end of the session, to settle with

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"We always like to see a central bank that is independent," Mr Sifon-Arevalo said.

LONDON: India's rapid economic growth will be enough to offset worries about the independence of its central bank and keep its credit rating in the coveted investment grade bracket, S-P Global said on Wednesday. The country's BBB- rating puts it on the bottom

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