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The new rules will become applicable from December 5.

The Income Tax Department on Tuesday announced certain changes to the application form for PAN or Permanent Account Number. The Central Board of Direct Taxes (CBDT), the apex policymaking body of the Income Tax Department, amended the income tax rules and said that quoting of father's name in Per

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SBI last revised its FD interest rates with effect from July 30, 2018.

Fixed deposits (FDs) are secure investment instruments offered by banks, non-banking financial companies (NBFCs) and post offices. In a bank fixed deposit (FD), investor can park lump sum amount and avail features like assured returns and choice of interest payout. Leading banks

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Gold, silver prices: Gold had gained Rs 135 on Saturday.

Gold prices declined by Rs 50 to Rs 32,100 per 10 gram at the bullion market on Monday, owing to slackened demand from local jewellers amid a weak trend overseas, reported Press Trust of India (PTI). Fall in demand from local jewellers and retailers

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New Delhi: 

The Income Tax Department said on Tuesday that quoting of father's name in PAN (Permanent Account Number) application forms will not be mandatory in cases where mother of the applicant is a single parent. The Central Board of Direct Taxes (CBDT), through a notification, amended the income tax rules and said the application forms would

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On the NSE, Yes Bank shares opened at Rs 198.00 against the last close of Rs 204.80.

Private sector lender Yes Bank Ltd was the top loser on both the key indices after its non-executive and independent director Rentala Chandrashekhar resigned on Monday, in addition to a slew of resignations from its board in last few weeks. Shares of the lender

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Bank fixed deposits (FDs) are fixed income instruments which offer fixed returns for a pre-determined specific period of time. Bank FDs are meant for people who are looking for guaranteed returns, unaffected by market uncertainties. Offered by banks and post offices, FDs require customers to deposit a lump sum amount for a rate of interest that is

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The top court gave the last opportunity to Amrapali Group to comply with its directions

New Delhi: 

"Writing is very clear on the wall," the Supreme Court warned the embattled real estate firm Amrapali Group on Tuesday over its repeated non-compliance and "hood-winking" of the court's order.

The top court asked the realty firm to reveal by December 3

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The government and the RBI have been sparring over how much capital the central bank needs

The Reserve Bank of India signaled a compromise with the government by agreeing to study a demand for sharing a part of its capital -- an issue that had triggered a public spat between the monetary policy makers and their political bosses.

The central bank

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SBI last revised its FD interest rates with effect from July 30, 2018.

State Bank of India (SBI) offers a wide range of deposit schemes in the personal banking segment. Fixed deposit (FD) scheme, one of such product offered by bank, provides assured returns. In a SBI FD account, depositor can park lump sum amount and also avail features like choice

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Jet Airways will also offer a fourth daily frequency between Delhi and Kathmandu.

Jet Airways has introduced a slew of new flight services to select routes on its domestic and international network, the airline said in a press release on Tuesday. The carrier will launch a new, non-stop service from Pune to Singapore from December 1, 2019. This new

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Home Ministry issued notice after these entities failed to file returns for up to six years in row.

NEW DELHI: Infosys Foundation, Skoda Auto India, University of Rajasthan and Madras Christian College are among 1,775 entities issued show-cause notice under the Foreign Contribution (Regulation) Act for their failure to submit annual income and

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INR Vs USD: The rupee has declined about 11 per cent since the start of the year.

Halting its four-day winning streak, the rupee slipped by 9 paise to 72.02 against the US dollar in early trade on Monday ahead of Reserve Bank of India (RBI) board meeting outcome, reported news agency Press Trust of India

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The rupee has appreciated by 143 paise against the dollar in six consecutive days

The rupee rose by 21 paise to end at 71.46 against the dollar on Tuesday, on increased selling of the greenback by exporters amid softening crude oil prices, and persistent foreign fund inflows.

This is the sixth straight session of gains for the domestic unit as the

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Weakness in the dollar and gains in the equity markets supported the rupee, according to dealers

Mumbai: 

The rupee rose by 26 paise to close at a 10-week high of 71.67 against the dollar on Monday, extending its winning streak for the fifth straight day helped by steady forex inflows amid a crucial Reserve Bank of India board meeting. The rupee has

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The friction between the bank and the government is over three key issues.

The Reserve Bank of India (RBI)'s board is meeting in Mumbai today in the middle of an unprecedented public feud between the government and the central bank, which alleges attempts by the centre to undermine its autonomy. The

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Malaysian Airlines is keen to increase the number of flights to India and to launch direct flights from Kuala Lumpur to Kashmir, Malaysian High Commissioner to India Datuk Hidayat Abdul Hamid has said. 

Hamid, who was on a three-day tour of Kashmir, said increased flights between the two countries will further boost tourist flow from

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Out of the 66 non-banking companies, 22 were based in West Bengal and 18 in Delhi, according to the central bank.

  1. Non-banking financial companies have been under the lens ever since a series of defaults at infrastructure major IL-FS or Infrastructure Financing and Leasing Services triggered a rout in the domestic capital markets and fueled
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Sensex, Nifty on Monday: Forty two Nifty stocks traded firmly with gains.

The domestic stock markets opened in the green ahead of a key RBI board meeting on Monday. The S-P BSE Sensex started at 35,647.62 and the NSE Nifty50 at 10,731.25. In the first few minutes of trade, the 30-share Sensex traded at 35,647.62, up 190.46 points or 0.54 per

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Market breadth favoured the declines on Tuesday

Breaking their three-day rising spree, the domestic stock markets fell on Tuesday in line with weakness in broader Asia. BSE benchmark index Sensex ended 300 points lower at 35,474 while the Nifty barometer of National Stock Exchange (NSE) settled at 10,656,

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BHIM SBI Pay offer on fuel purchase is valid till November 23, 2018, said SBI.

State Bank of India (SBI) is offering up to 5 litres of free petrol on payment done via mobile app BHIM (Bharat Interface For Money) SBI Pay at any domestic oil retail outlet. BHIM SBI Pay, based on Unified Payments Interface or UPI, is a mobile app that lets users

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State Bank of India (SBI), the largest lender of the country, offers a type of fixed deposit or term deposit scheme called the SBI Tax Savings Scheme, 2006. Resident Indians as an individual or in the capacity of the Karta of the Hindu Undivided Family, having income tax Permanent Account Number (PAN) are eligible to avail the benefits of this

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Losses in gold prices came amid tepid demand from local jewellers.

Extending slide for a second straight day, gold prices dipped by Rs 100 to Rs 32,000 per 10 gram Tuesday, reported news agency Press Trust of India (PTI). Losses in gold prices came amid tepid demand from local jewellers despite the precious metal edging higher globally. Silver

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No refund is given after chart preparation in case of a confirmed online ticket, said IRCTC.

Indian Railway Catering and Tourism Corporation (IRCTC) offers refund of money on online ticket cancellations done via it's website/app. After online cancellation of tickets, the refund is credited back to the account used for booking as for normal internet

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However, small finance banks generally offer higher interest rates as compared to many leading banks

ICICI Bank recently revised its recurring deposits interest rates. Recurring Deposit or RD is a kind of term deposit under which one needs to deposit a fixed amount at fixed interval, which generates interest income. On maturity, the depositor is

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RBI estimates banks will have scope to lend extra Rs 2.5-Rs 3 lakh crore over next year, says report.

Mumbai/New Delhi: 

The Reserve Bank of India (RBI) estimates that the country's banks will have capacity to lend an extra Rs 2.5 lakh crore to Rs 3.0 lakh crore ($35 billion to $42 billion) over the next year after it decided to relax a deadline for

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The Sensex and Nifty closed higher for a third session in a row.

Stock markets started the week on a strong note, with the S-P BSE Sensex closing 317 points or 0.9 per cent higher at 35,774 on Monday. NSE benchmark index Nifty50 advanced 81 points to settle at 10,763. Both the indexes clocked their best

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The ongoing rift with the government is set to play out at the RBI's crucial board meeting Monday, with the Finance Ministry nominees and some independent directors expected to take on Governor Urjit Patel and his team over issues ranging from MSME credit to the central bank's reserves, though both sides are in favour of reaching a common ground. 

W

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RBI's decision came after persistent demand from government to ease lending and capital rules for banks.

MUMBAI: The Reserve Bank of India's decision to allow lenders more time to adhere to additional capital buffer norms under Basel 3 is credit negative for state-run banks, Moody's Investors Service said in a release on Tuesday. The RBI, after a

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Jet Airways' domestic pilots body may meet on Tuesday to discuss the financial situation at the carrier.

MUMBAI: Jet Airways' pilots have threatened not to perform additional duties from next month if their salary dues were not cleared by November 30, an airline source said Monday. Besides, the airline's domestic pilots body National Aviator's

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Under Rs 419 prepaid recharge plan, Airtel is offering a total of 105 GBs of data.

Recently, Bharti Airtel launched a new prepaid recharge plan priced at Rs. 419. Under the pack, the telecom operator is offering 1.4 GBs of per day data, unlimited calling, among other benefits, for a total validity period of 75 days. The addition of the prepaid plan

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