Business

India is expected to receive a total remittance of $80 billion in 2018, said the latest edition of the World Bank's Migration and Development Brief, released on Saturday.

"Among major remittance recipients, India retains its top spot, with remittances

Airlines are regularly coming up with new connections and discounts on flight tickets in order to lure passengers and increase their customer base. These offers come amid high competition in the country's civil aviation sector, boosted by robust growth in

New Delhi: Oil Minister Dharmendra Pradhan said on Friday he was hopeful that Organization of the Petroleum Exporting Countries (OPEC) would keep in mind consumers' interests before deciding to cut crude oil production.

OPEC tentatively agreed to an oil output cut on Thursday but was waiting for a commitment from non-OPEC producer Russia before

Mumbai: The outcome of Assembly elections in five states, along with fears over an escalation in US-China trade war and volatility in crude oil prices, are expected to determine the trajectory of the key Indian equity indices next week.

Market observers opined that the direction of foreign fund flows in the backdrop of US Fed's policy decision,

New Delhi: In a bid to make retirement income scheme more attractive for central government employees, the government has agreed to chip in a higher 14 per cent of the basic salary of an individual as its contribution to the National Pension System (NPS),

Fixed deposit (FDs), also known as term deposits, are secure investment instruments offered by private and public sector banks, small finance banks, non-banking financial companies (NBFCs) and post offices. The funds in these accounts are held for a fixed term, has a

State Bank of India (SBI) assists its customers in setting up a PPF or Public Provident Fund account online. SBI customers - holding one or more bank accounts with the bank - can prepare a PPF application form online through the lender's internet

Bankrupt companies offer a never-before opportunity to the global investors to ride the country's exceptional growth trajectory, thanks to the Insolvency and Bankruptcy Code (IBC), Finance Minister Arun Jaitley said.

"Given the future potential of the economy and the fair

The government on Friday appointed Krishnamurthy Subramanian as chief economic advisor, reported news agency Press Trust of India, citing an official release. His appointment is for a period of three years, according to the agency. A professor from the Indian

Icelandic low-cost, long-haul airline WOW air on Friday launched its flight from New Delhi to Reykjavik-Keflavik Airport in Iceland.

The inaugural flight was flagged off from the Indira Gandhi International Airport (IGIA) earlier in the day. 

According to the

Mumbai: Lending major State Bank of India (SBI) on Friday said it has received shareholders' approval to raise up to Rs 20,000 crore.

According to the SBI, the approval for its proposal to "create, offer, issue and allot such number of equity shares of Re 1 for an amount not

Domestic stock markets registered sharp gains on Friday, breaking a three-day falling streak, in line with global equities amid sliding crude prices and a rise in the rupee. Bombay Stock Exchange (BSE) benchmark index Sensex

New Delhi: The government on Saturday said that buyers of real estate properties will not have to pay Goods and Services Tax (GST) if they purchase the fully constructed property after the issue of completion certificate.

"It is brought to the notice of buyers of

India Post or Department of Posts, which runs the postal network of the country, offers a number of saving schemes with different interest rates. National savings certificates (NSCs), one such product offered by India Post, fetches an interest rate of 8 per cent per

The rupee rose by 46 paise to 70.44 against the US dollar in early trade today amid softening crude oil prices, reported news agency Press Trust of India (PTI). Weakness in the American currency, the domestic

Gold prices climbed by Rs 250 on Saturday to close at Rs 32,350 per 10 grams at the bullion market, reported Press Trust of India (PTI). A firm trend overseas, where gold spurted on safe-haven buying, boosted the yellow metal's prices, traders were quoted as saying in the PTI

Mumbai: High oil prices pushed country's current account deficit in July-September to its widest in over four years, according to data released by the central bank on Friday.

However, the current account deficit is likely to fall due to a sharp drop in crude prices that will take

Shares of Kotak Mahindra Bank posted their sharpest surge in nearly nine years on Friday following a report that billionaire investor Warren Buffett's Berkshire Hathaway Inc is planning to pick up a 10 per cent stake in the bank. Kotak Mahindra Bank denied the report in a regulatory filing, by saying it is “unaware of any plans by Berkshire Ha

India Post, the postal system of the country, offers several savings schemes which require modest contribution but offer attractive investment return. Sukanya Samriddhi account, one such savings scheme offered by India Post, fetches an interest rate of 8.5 per

The rupee rose by 8 paise to close at 70.82 against the dollar on Friday, supported by strength in domestic equities and weakness in the greenback overseas. A fall in crude oil prices - with benchmark Brent slipping below the $60-a-barrel mark -

With the wedding season in full swing, consumers are busy shopping for gold. Buying gold is not only considered auspicious but is also believed to bring financial security. Even as historically gold prices perk up during the wedding season, prices of the yellow

New Delhi: The Finance Ministry has extended the last date for filing annual GST return forms by three months until March 31, 2019. 

The annual returns form in which businesses registered under the GST have to provide consolidated details of sales, purchases and input tax credit (ITC)

Vienna: Iran gave OPEC the green light on Friday to reduce oil output by around 0.8 million barrels per day from 2019 after finding a compromise with rival Saudi Arabia over a possible exemption from the cuts, an OPEC source said.

Tehran has emerged as a key

NEW DELHI: IT company HCL Technologies Friday said it will acquire select IBM software products for over Rs 12,700 crore ($1.8 billion) in an all-cash deal. The transaction, subject to "completion of applicable regulatory reviews", is slated to

Small finance banks (SFBs) are niche banks which aim to extend financial services to under-banked customers. Since these banks are new, they offer higher interest rates than mainstream banks because they want to attract more customers. They also

State Bank of India (SBI), the largest commercial lender of the country, offers a zero balance savings account, which can be opened even without valid know-your-customer (KYC) documents. Banks follow a strict KYC procedure before customers open their

Economic growth may become a casualty of the tug-of-war between the government and the central bank. Fitch Ratings lowered its 2018 growth forecast for Asia's third-largest economy to 7.2 per cent from 7.8 per cent seen previously. The financial

The Indian Railways offers the option of ticket booking in accordance with the rules and conditions published in the coaching tariff. A passenger seeking reservation of berths or seats can purchase tickets from the railway reservation offices, authorised travel

Gold prices on Friday slipped by Rs 20 to close at Rs 32,100 per 10 gram in the bullion market, reported Press Trust of India (PTI). Subdued demand from local jewellers amid flat global market pulled down gold prices, traders were quoted as saying in the PTI report. Silver, on the other

MUMBAI: The rupee appreciated by 46 paise to 70.44 against the US dollar in early trade Friday at the interbank foreign exchange, amid weakness in the greenback against some currencies overseas and a higher opening of domestic equities. Forex traders said, increased selling of the