Business

NEW DELHI: The government on Thursday approved a plan by one state-owned lender to the power industry, Power Finance Corp, to acquire a majority stake in a similar government-controlled lender, REC Ltd, Finance Minister Arun Jaitley said. The

Indian Railways enables passengers to book a series of journeys through its circular journey facility. Train tickets under this option - available on select routes - are issued for journeys that begin and complete at the same station, according to India

The rupee fell by 54 paise to touch 71 per dollar in early trade on Thursday, reported news agency Press trust of India (PTI). Losses in the rupee came amid strengthening of the greenback, fund outflows and a weak

The key equity benchmarks opened in the green on Friday. The S-P BSE Sensex started at 35,494.86 and the Nifty50 barometer of the National Stock Exchange (NSE) at 10,644.80. At 9:17 am, the 30-share Sensex traded at 35,477.34, up 165.21 points or 0.47 per cent and the Nifty50 was at

The Reserve Bank of India (RBI) has been running advertorials to educate people about the facilities offered by commercial banks through basic savings bank deposit accounts (BSBDA). A basic savings bank deposit or BSBD account is a zero-balance account which

The equity benchmarks extended their losses in afternoon session on Thursday, led by IT, banking, pharma, metal, consumer, financial services, and auto stocks. At 2:51 pm, the 30-share Sensex was at 35,389.76, down 494.65 points or 1.38 per cent, and the

New Delhi: The government on Thursday approved a policy to boost exports of farm commodities such as tea, coffee, fruits and vegetables, Trade Minister Suresh Prabhu told a news conference.

The policy, approved by Prime Minister Narendra Modi's cabinet, is aimed at helping the country step up exports of an array of farm goods but also seeks to

Gold prices on Thursday rose by Rs 170 to close at Rs 32,120 per 10 gram at the bullion market in the national capital, reported news agency Press Trust of India (PTI). Higher demand during the ongoing wedding season from local jewellers coupled with positive global cues

Passengers booking tickets for the railways' luxury train, Maharajas' Express, can now avail 17 per cent discount on Air India tickets to any part of the country, a senior railway official said Wednesday. The Indian Railway Catering and Tourism Corporation (IRCTC), the travel and tourism

London: Oil fell in choppy trading on Thursday after OPEC ended a key meeting having made no decision on crude output, as it prepared to debate the matter with other exporters the next day.

The Organisation of the Petroleum Exporting Countries (OPEC) met in

Stock markets plunged 1.6 per cent on Thursday with the Sensex closing 572 points lower, led by an across-the-board selloff. The 30-scrip BSE benchmark index finished at 35,312, after falling as much as 617 points - or 1.7 per cent -

Mumbai: Budget carrier SpiceJet Wednesday announced the launch of eight new direct flights from Hyderabad connecting Kolkata, Pune and Coimbatore, starting January 1 next year. The Gurugram-based airline will also add another six new seasonal flights and frequencies f

India Post, the postal network of the country, offers a variety of banking and remittance services. Besides, India Post also offers a number of small saving schemes for investors. One such savings scheme offered by India Post is the five-year recurring

State Bank of India (SBI) enables its customers to add their PAN or Permanent Account Number card details to their bank account online. SBI customers - holding one or more bank accounts with the bank - can register their PAN with their bank account(s)

Major lenders today offer income tax benefits under a special type of fixed deposit (FD). Also known as tax-saving fixed deposit or tax-saving FD, this term deposit allows a minimum maturity period of five years and a maximum of 10 years. Using

New Delhi: Country's indebted Jet Airways Ltd told its pilot union on Thursday it will clear all salary dues by April and has given them a schedule outlining when the payments will be made, according to a source familiar of the matter.

Jet Airways is facing financial difficulties

Jet Airways is offering up to 30 per cent discount on select domestic and international flight tickets under a special year-end sale, noted the carrier on its official website- jetairways.com. The discount offer is applicable on base fare in both premiere and economy class of

IndiGo on Tuesday launched its first international flight from Vijayawada jointly with the Andhra Pradesh government, the airline said in a press release. IndiGo said it would operate two weekly non-stop services between Vijayawada and Singapore. The carrier further said

New Delhi: India will import crude oil from Iran using a rupee-based payment mechanism, an industry source involved in discussions told news agency Reuters on Thursday, adding that 50 per cent of those payments will be used for exporting items to

NEW DELHI: Fitch Ratings Thursday revised downwards the country's gross domestic product (GDP) growth forecast to 7.2 per cent for current fiscal citing higher financing cost and reduced credit availability. In its Global Economic Outlook, Fitch projected that for 2019-20 and 2020-21 financial years, India's GDP growth will be 7 per cent and 7.1

The rupee ticked higher by 3 paise to 70.46 against the US dollar on Wednesday amid weakness in the greenback and easing crude oil prices. Forex traders said the rupee's rise was supported by dollar-selling by exporters and banks.    

Meanwhile, the Reserve Bank of India Wednesday left the

Investment of $100 billion in the telecom industry, as envisioned in the National Digital Communications Policy 2018 (NDCP), would result in an increase of $1.21 trillion in the country's gross domestic product (GDP) on a cumulative basis, a report said here on Thursday. Currently, India is a $2.5 trillion economy. A 10 per cent hike in

NEW DELHI: Fitch Ratings said on Thursday it expects the rupee to weaken to 75 rupees against the US dollar by the end of next year on a widening current account deficit and tighter global financing conditions.

Despite a few recent advances, the

The next hearing of Amrapali case is scheduled for 12 December.

The rupee fell by 44 paise against the dollar to close at 70.90 on Thursday, as against its previous close of 70.46, reported news agency Press Trust of India (PTI). Weakness in the domestic equity markets along with

The central bank struck a less hawkish tone on Wednesday, signaling it was open to adjusting monetary policy if upside risks to inflation don't materialize. Bonds rallied. Just two months after stating that interest rate cuts were "off the

The Reserve Bank of India (RBI) kept interest rates unchanged on Wednesday, in a decision that was widely expected as inflation has eased significantly, while it took steps to persuade banks to lend more in order to support an economy that has lost some momentum.

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Budget carrier GoAir on Thursday announced the launch of direct flight services to Bengaluru, Hyderabad and Chennai from Kannur International Airport, starting December 9. The launch of these services coincide with the inauguration of the newly-built Kannur Airport

MUMBAI: Bonds rose to over 8-month highs as rate hike fears faded after the central bank promised to keep buying government bonds to infuse liquidity, and also mentioned the probability of changing its rate stance if inflation risks do not mature.

The 10-year benchmark bond

Gold prices on Wednesday rose by Rs 100 to close at Rs 31,950 per 10 grams at the bullion market in the national capital on an uptick in retail buying by local jewellers even though bleak market trend overseas restricted the gains further, reported news agency