Business

Share markets on Wednesday: Twenty four out of 30 Sensex stocks closed in the red.

Domestic stock markets closed on a negative note on Wednesday after the Reserve Bank of India (RBI) kept the key lending rate unchanged at 6.5 per cent. Bombay Stock Exchange (BSE) benchmark index Sensex settled at 35,884.41,

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INR Vs USD: Rupee is likely to find it difficult to regain lost ground without RBI's support.

BENGALURU: The rupee will weaken over the next six months as uncertainty builds heading into national elections due in May, a Reuters poll showed. While a sharp drop in oil prices should help the slowing economy and the rupee, concerns will also persist

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Jet Airways on Tuesday has introduced 65 new weekly services to its flight operations. The additional flights - spread across its international and domestic routes - would take effect from December, the airline said in a statement. The additional frequencies, Jet Airways noted, would strengthen the domestic and international connectivity via its

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RBI maintained status quo in monetary policy announcement, leaving key interest rate unchanged at 6.5%

Mumbai: 

The Reserve Bank Wednesday lowered retail inflation projection in the range of 2.7-3.2 per cent for the second half of the current fiscal, citing normal monsoon and moderate food prices. The broad-based weakening of food prices imparts

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Etihad is also considering investing fresh funds in Jet Airways, according to report.

NEW DELHI: Etihad Airways is holding talks with Jet Airways Ltd and its bankers on a rescue plan for the debt-laden domestic carrier, two sources aware of the matter told Reuters. Executives from Etihad and Jet have met some of the airline's bankers in Mumbai in

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S-P Global Ratings on Tuesday lowered the credit rating of Indian automaker Tata Motors Ltd and its luxury car unit Jaguar Land Rover Automotive Plc (JLR), citing weaker-than-expected profitability at JLR. JLR has been hit hard due to trade tensions between China and the United States, low demand for diesel cars in Europe and worries over

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RBI Policy: RBI projects retail inflation to be between 2.7-3.2 per cent in October-March.

MUMBAI: The following are the highlights of the fifth bi-monthly monetary statement for 2018-19:

* RBI keeps key lending rate (repo) unchanged at 6.5 per cent

* Reverse repo rate stands at 6.25 per cent, bank rate at 6.75 per cent, cash reserve ratio at 4 per

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At 9:17 am, the Sensex was at 35,949.25, down 185.06 points or 0.51 per cent.

The domestic stock markets started on a negative note on Wednesday, ahead of the outcome of the Reserve Bank of India's fifth bi-monthly policy review. The S-P BSE Sensex opened at 36,035.65, and the Nifty50 barometer of the National Stock Exchange (NSE) started at

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Interest rates on fixed deposits vary according to separate maturity baskets across different banks.

Bank fixed deposits (FDs) are fixed-income instruments with a guaranteed rate of return on investments. They are popular among investors mainly because of the fixed rate of return that they offer, unlike say, stocks or bonds, the returns on which

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RBI retained GDP growth projection at 7.4 per cent for financial year 2018-19

The Reserve Bank of India (RBI) on Wednesday kept the repo rate steady, meeting economists' projections. The repo rate, or the key interest rate at which the central bank lends short-term funds to commercial banks, stood at 6.5 per

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For SBI's multi option FD deposit account, the maximum tenure is five years.

SBI or State Bank of India offers a type of fixed deposit or term deposit scheme called the Multi Option Deposit Scheme (MODS). A fixed deposit is a secure financial instrument offered by banks, which fetch guaranteed returns. Unlike normal term deposits which are fully

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Post office small savings schemes: India Post pays interest to the tune of 4-8.7% on the nine schemes

India Post offers nine types of small savings schemes. In these small savings schemes, from National Savings Certificates (NSC) to Kisan Vikas Patra (KVP) to Senior Citizen Savings Scheme (SCSS), India Post pays interest rates to the tune of 4-8.7

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Maruti Suzuki India will raise prices across various car models next month to mitigate the impact of high commodity prices and foreign exchange rates, the automaker said on Wednesday.

"It has become imperative for the company to pass on some impact of the additional cost to customers through a price increase across various models in January

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Anyone puzzled by how the Indian economy manages to grow swiftly while somehow failing to be prosperous could do worse than look at the state of India's airlines. Over the past four years, passenger growth in India has been rapid: The number of flights taken has increased between 15 and 20 percent per year. Demand growth this year is likely to be

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Sovereign gold, however, moved up by Rs 100 to Rs 24,800 per piece of 8 grams.

Gold rates on Tuesday were steady at Rs 31,850 per 10 grams while silver prices jumped by Rs 380 per kg on strong industrial demand reported news agency Press Trust of India (PTI). Rising for the second day, silver jumped by Rs 380 to close at 37,740 per kg on strong

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INR Vs USD: Investors were treading the cautious path ahead of the RBI policy decision

The rupee lost 26 paise against the US dollar in early trade on Wednesday ahead of the outcome of the fifth bi-monthly policy review of Reserve Bank of India, reported news agency Press Trust of India (PTI). Losses in the

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Government is bound to be pleased if RBI keeps key rates on hold.

The Reserve Bank of India will probably keep interest rates unchanged on Wednesday, with the decision itself likely to be a sideshow to Governor Urjit Patel's press conference -- his first since an acrimonious debate with the government over the central bank's autonomy. Investors are

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Airtel, Reliance Jio, Vodafone, and Idea's postpaid plans come with unlimited calling and data benefits.

Leading telecom players such as Reliance Jio, Bharti Airtel and Vodafone Idea offer a host of postpaid plans in varied price ranges with more benefits to attract customers. Besides the regular offers of unlimited calling and data, various postpai

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Services sector figures show a strong increase in business activity, said Subhash Chandra Garg

New Delhi: 

Strong growth in the country's services sector "should augur well for 3rd quarter GDP growth," a top finance ministry official said in a tweet on Wednesday.

Business activity in the dominant services sector expanded in November at the quickest

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The Reserve Bank of India on Tuesday announced injection of Rs 10,000 crore worth of liquidity into the system through purchase of government securities on December 6. The move by the central bank was in line with its decision to boost liquidity in the system by Rs 40,000 crore in December. The result of the auction would be announced on the same

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Twenty six stocks on the 50-scrip index, Nifty, finished in the negative zone

Domestic stock markets closed lower on Tuesday tracking weakness in Asian peers, amid concerns whether China and the US will be able to resolve trade differences. BSE benchmark index Sensex shed 106 points to end at 36,134 and the

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INR Vs USD: Rupee came under pressure following heavy selling in domestic equities.

MUMBAI: The rupee depreciated by 26 paise to 70.75 against the US dollar in early trade Wednesday at the interbank foreign exchange, amid strengthening of the US dollar and foreign fund outflows. Forex dealers said fresh demand for the American currency from

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LPG price: A 14.2-kg cylinder of subsidised cooking gas costs Rs 500.90, according to Indian Oil

LPG or cooking gas prices have been lowered this month, reversing a rising trend in the past six months. While the reduction in subsidised LPG is to the tune of Rs 6.51-6.58 per cylinder (14.2 kilograms), the cut in non-subsidised rates stands at

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LIC's open offer to purchase 26 per cent shares of IDBI Bank opened on December 3

New Delhi: 

IDBI Bank on Tuesday said the government would not participate in Life Insurance Corporation (LIC)'s open offer to acquire a 51 per cent stake in the bank.

LIC's open offer to purchase 26 per cent shares of IDBI Bank opened on December 3, and will close on

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Stronger business demand let firms raise prices more steeply and improve margins.

BENGALURU: Business activity in the dominant services sector expanded in November at the quickest pace in four months, lifted by a significant rise in domestic demand, a private survey showed on Wednesday. This will offer some relief to Asia's third-largest economy,

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Bilateral trade between the two countries stood at around $52 billion in 2017.

ABU DHABI: 

India and the United Arab Emirates on Tuesday signed a currency swap agreement to boost investment and enable direct trade without using dollars or other international currencies.

The swap is for 200 crore dirhams or Rs 3,500 crore ($496 million), depending on

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State Bank of India (SBI) raised its FD interest rates between 0.05-0.10% on deposits below Rs 1 crore.

State Bank of India (SBI) has a deposit base of Rs. 28.07 lakh crore (as on September 2018). SBI, the largest commercial bank of the country in terms of assets, deposits, profits, branches, customers and employees, offers a range of services,

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We received a Call from Nikhil Rao, who is also a Investor at Zagah.com and asked us to analyze his Call records, Conversation records related to Society Committee

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Sebi has sought comments on the report by December 24.

An expert committee set up by the Securities and Exchange Board of India (Sebi) on Tuesday recommended that the market regulator allow listing of Indian companies on foreign exchanges even without getting listed in India. Such a framework would help Indian companies to access foreign capital at

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In October, inflation eased to 3.31 per cent.

MUMBAI: 

Analysts expect the Reserve Bank of India (RBI) to support an economy that is losing momentum by leaving interest rates unchanged at a policy meeting on Wednesday, when just over a month ago most of them had predicted a hike. Having resisted any temptation to jack up rates in October when the

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