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Petrol, diesel rates: Currently, the fuel prices are reviewed by oil marketing companies on a daily basis

Petrol and diesel prices were reduced by 16-18 paise per litre in Delhi and Mumbai on Friday. With effect from 6 am on Friday, November 16, petrol prices were at Rs 77.1 per litre and Rs 82.62 per litre in Delhi and Mumbai respectively,

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Prime Minister Narendra Modi's government has sought Tata Sons Ltd.'s help to rescue struggling Jet Airways India Ltd., people familiar with the matter said.

Tata Sons is in talks with the government about a potential haircut to state-run banks on Jet's loans as part of the plan, while Airports Authority of India may forgo some of its dues, one

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Exports rose by 17.86 per cent to $26.98 billion in October compared to the year-ago month, according to the commerce ministry data. Imports during the month also rose by 17.62 per cent to $44.11 billion, leading to widening of trade deficit to $17.13 billion. The deficit widened despite a steep decline of 42.9 per cent in gold imports to $1.68 bi

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FD interest rate for senior citizen: Top banks pay up to 0.5% higher returns to senior citizens

Major commercial banks in the country today pay a 0.5 per cent higher return to senior citizens compared to the general public on fixed deposits of up to Rs 1 crore. Currently, public sector banking majors, such as State Bank of India (SBI), Punjab

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Balance in the India Post Payments Bank savings accounts fetches interest at the rate of 4%

India Post Payments Bank or IPPB, which started its countrywide operations in September 2018, offers three kinds of savings account at present. The payments bank offers three types of savings accounts - regular,

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Fitch expected current-account deficit to widen to 3 per cent in FY2018-19.

New Delhi: 

Refusing to upgrade India's credit rating for the 12th year in a row, Fitch Thursday retained its sovereign rating for the country at 'BBB-', the lowest investment grade with a stable outlook, saying a weak fiscal position continues to constrain the ratings and

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Angry Birds Maker Rovio says tough competition and high marketing costs would put pressure on its outlook

Helsinki: 

Rovio Entertainment, the maker of the "Angry Birds" mobile game, on Friday said the company needed to come up with new games to drive growth and warned that sales would fall this year after reporting higher third-quarter profits.

The

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Lenders also pay slightly higher interest rates on fixed deposits to senior citizens.

Private sector lender ICICI Bank's latest changes to its fixed deposit interest rates came into effect today. Another private sector lender, Axis Bank also revised its interest rates yesterday. A fixed deposit (FDs) is a secure financial instrument offered by

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IMPS is an instant payments service that enables round-the-clock money transfer electronically

Major banks today levy a fee ranging from Rs 5 to Rs 15 (excluding taxes) for their money remittance services through IMPS. Immediate Payment Service (IMPS) is an instant payments service that enables round-the-clock money transfer through the use of

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Ananth Narayanan said his relationship with Krishnamurthy was "very good".

The chief of Flipkart Group's Myntra-Jabong fashion business on Friday denied a media report that he will quit after a reshuffle in the ranks following the ouster of group CEO Binny Bansal.

"I'm very excited about Myntra," Ananth Narayanan, the CEO of the business, told

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The rupee is still down around 12.7% against the dollar so far this year

The rupee appreciated by 33 paise, or 0.5 per cent, to close at 71.97 against the dollar on Thursday. That marked the highest closing level for the rupee since 71.84 on September 14. Wednesday's rise also marked the first time the rupee

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The airline offers over 1,300 daily flights and connects 49 domestic destinations.

Budget passenger carrier IndiGo on Thursday launched non-stop flights between Allahabad and Bengaluru at a starting all-inclusive price of Rs 2,500, the airline said in a press release. The flight started from Bengaluru on Thursday at 1:30 pm and reached Allahabad at

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The Indian rupee has declined about 11 per cent since the start of the year.

The rupee edged higher by 10 paise to 72.07 against the dollar in early trade on Friday on increased selling of the greenback by exporters and banks, reported news agency Press Trust of India (PTI). Increased foreign fund inflows

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NPS and PPF schemes are aimed at providing financial security to the subscriber during retirement

State Bank of India (SBI), the country's largest lender, offers a host of services to its customers.  National Pension System (NPS) and PPF (Public Provident Fund) accounts are two retirement planning-focused instruments provided by the lender under

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Aditya Ghosh ended his 10-year-long stint at IndiGo with effect from July 31 this year.

Hospitality firm OYO Hotels on Thursday announced the appointment of Aditya Ghosh as chief executive officer for India and South Asia. His appointment will take effect from December 1, the company said in its statement. OYO Hotels said Mr Ghosh would oversee its

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Jet Airways has already played a part in the decline of Etihad Airways PJSC. Could Tata Sons Ltd. be the next business empire to enter its dangerous web

Prime Minister Narendra Modi has sought Tata's help to rescue the struggling airline, people familiar with the matter told Anurag Kotoky and Bhuma Shrivastava of Bloomberg News this week. The

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SBI Chairman Rajnish Kumar said there was no liquidity crunch for the non-banking finance companies.

New Delhi: 

Amid the ongoing tussle between the government and the Reserve Bank of India (RBI) on liquidity issue, State Bank of India (SBI) Chairman Rajnish Kumar on Thursday said there was no liquidity crunch for the non-banking finance companies (N

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Domestic stock markets closed in the green on Thursday led by metal, banking and financial services shares. The S-P BSE Sensex closed 118.55 points or 0.34 per cent higher at 35,260.54, while the broader NSE Nifty settled at 10,616.70, 40.40 points or 0.38 per cent. Major advancers on both the indices -- Nifty50 and 30-scrip Sensex -- were

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INR Vs USD: Increased selling of the US currency by exporters and banks aided rupee.

MUMBAI: The rupee firmed 10 paise to 71.87 against the US dollar Friday on increased selling of the US currency by exporters and banks.

Besides, weakness in the greenback against some currencies overseas, increased foreign fund inflows and a higher opening of

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Banks could be recapitalised with government bonds, said an independent director on the central bank's board on Thursday, at a time when the Reserve Bank of India and the government are at loggerheads on regulatory issues. S Gurumurthy has been a vocal member on the RBI board asking for easier lending and capital restrictions for the country's

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'Shri Ramayana Express' train has a total capacity of 800 seats.

Indian Railway Catering and Tourism Corporation (IRCTC) operated 'Shri Ramayana Express' started its first trip from Safdarjung Railway Station, Delhi on Wednesday. 'Shri  Ramayana Express' is a special tourist train which will cover all the prominent sacred places associated with the

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House prices rose at an average annual rate of 8.5 per cent last year.

House prices will rise at half the rate of consumer price inflation next year, hit by dwindling credit supply, according to a Reuters poll of housing market experts who said Delhi, the national capital, will be hit hardest.

House prices have risen at almost double-digit rates for

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This is the second straight month for the RBI to intervene more in the derivatives market than spot

Mumbai: 

The Reserve Bank of India (RBI) continued to intervene more actively in the currency derivatives market than the spot market in September, as it aimed to stem a sharp fall in the rupee and avoid tightening cash conditions in the banking

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The allegations against Bansal arose just after Flipkart agreed to sell a controlling stake to Walmart.

For Binny Bansal, the end of his long run as co-founder of India's most successful startup came Saturday when he began calling colleagues to say he was done. The 37-year-old was stunned that officials from Walmart Inc., his startup's new owner,

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Jet Airways and Tata Deal: Jet Airways shares closed 6.3% higher on the NSE on Friday.

Tata Sons, the holding company of Tata Group, said on Friday it is in preliminary talks with Jet Airways and has made no proposal to acquire a stake in the debt-laden carrier. The statement from Tata Sons came after its

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The rupee had gained 36 paise to end at 72.31 against the US dollar Wednesday.

Continuing its recovery momentum, the rupee vaulted 34 paise to close at a two-month high of 71.97 against the US dollar Thursday on robust foreign fund inflows amid low crude oil prices. Dealers said the strength in the rupee was also supported by increased selling of

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Sovereign gold, on the other hand, held steady at Rs 24,800 per piece of 8 grams.

Gold regained its sheen with prices climbing by Rs 350 to Rs 32,250 per 10 grams at the bullion market on increased buying by local jewellers coupled with a firming trend overseas, reported news agency Press Trust of India (PTI). Silver too rose Rs 450 to Rs 37,900

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Many Flipkart employees and other observers found Walmart's action confusing.

The surprise resignation of a tech billionaire has pulled corporate India deeper into the #MeToo firestorm that's been sweeping through the American business community for more than a year. Walmart Inc. announced Tuesday that Flipkart co-founder Binny Bansal was leaving

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Infosys, the country's second largest software services exporter, said on Thursday it appointed deputy chief financial officer Jayesh Sanghrajka as the interim finance head. His appointment would take effect from November 17, said the IT major.

Mr Sanghrajka has spent 13 years in Infosys over two stints and has performed various leadership roles in

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SBI account statements can be downloaded in excel or PDF formats, the lender said.

State Bank of India (SBI), the largest lender of the country, offers a host of online services. You can check your account statements and transaction history online via onlinesbi.com, the bank's internet banking portal. All that you need is a browser in a computer

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