Business

Coal India's quarterly profit jumped more than eight-fold as the world's biggest coal miner produced more of the dry fuel, but profit fell slightly below analysts' expectations, its financial results showed on Monday.

Net profit climbed to Rs 3,085 crore ($423.2 million) in the second fiscal quarter ended September 30, from Rs 371 crore a year

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The rupee dropped by 39 paise to settle at 72.89 against the dollar on Monday. as oil prices rebounded after Saudi Arabia announced plans to cut production and the dollar strengthened in global markets. The rupee opened lower at 72.74 and fell further by 57 paise to the day's low of 73.07 as crude oil prices surged over 1 per cent to reclaim $71

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Some see Robyn Denholm as being too close to Musk.

In picking Robyn Denholm to keep Elon Musk in check, Tesla Inc.'s board went with a numbers-first executive who climbed up the ranks of multinationals' finance departments. Those who know her say her no-nonsense methods may be exactly what Tesla needs.

"Everything about her is rational, reasonable,

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Mumbai: 

The Reserve Bank of India (RBI) is considering a loan restructuring package for small and medium sized businesses, as well as reviewing lending curbs on some banks, the Economic Times reported on Monday, in a move that could see the regulator bow to government pressure.

The RBI has barred 11 state-run banks from lending under the so-called

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Consumer inflation, or retail inflation, is determined by the Consumer Price Index (CPI)

Consumer inflation stood at a 13-month low of 3.31 per cent in October, government data showed on Monday. This was lower than estimates of 3.67 per cent by analysts in a poll conducted by news agency Reuters, and within the Reserve Bank of India's medium-term

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Apple, Xiaomi, Pampers were among the top brands that were sold to customers spread across 197 countries.

SHANGHAI Chinese e-commerce giant Alibaba on Monday announced generation of whopping $30.8 billion in terms of Gross Merchandise Value (GMV) during Singles' Day sale -- the 24-hour annual shopping event -- held on November 11, beating last

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In the sectoral landscape, only metal and private banking stocks traded in the green.

The domestic stock markets traded from negative-to-flat in a volatile session on Tuesday despite positive macro-economic data. At 12:00 pm, the S-P BSE Sensex traded at 34,827.37, up 14.38 points or 0.04 per cent while the broader Nifty was at 10,495.60, with

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Reliance Jio and Bharti Airtel offer a variety of prepaid recharge plans.

Reliance Jio and Bharti Airtel, the two key telecom players in the country, offer a variety of prepaid and post-paid plans to cater to the needs of various customers. Under the category of sub-Rs 200 bracket, Reliance Jio has four prepaid recharge plans while Airtel has two

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BSE Sensex, Nifty: IT stocks bucked the negative trend amid a weaker rupee.

The domestic equity markets traded in the negative in a volatile session after a positive opening, ahead of the release of key macroeconomic data on Monday. At 2:02 pm, the S-P BSE Sensex traded at 34,918.08, down 240.47 points or 0.68 per cent and the Nifty index of

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Chennai: 

Southern Railway said on Monday that it witnessed a 51 per cent rise in revenue totalling 2.72 crore during the Diwali festive season this year as against Rs 1.80 crore last year.

Twenty Suvidhas and 16 special fare special trains were run from Chennai to various parts of Tamil Nadu and also to Howrah, a press release from the Southern

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Monday's session was marked with high volatility amid concerns on cash crunch, and mixed earnings

Domestic stock markets started the week with a loss of nearly 1 per cent in a highly volatile session on Monday. The losses came amid selling in all sectors barring IT, and weakness in Asian peers. The 30-scrip

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INR Vs USD: High opening of domestic equity markets capped rupee's losses, said traders.

MUMBAI: The rupee weakened by 26 paise to 72.76 against the US dollar Monday, owing to increased demand for the American currency from importers amid increasing global crude oil prices. The international benchmark, Brent crude again breached the $71 a barrel

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New Delhi: 

Retail inflation rate dropped sharply in October, giving the central bank leeway to allow easier lending policies, but plunging farm prices sent a stark warning to Prime Minister Narendra Modi about the challenges he faces in rural areas in next year's general election.

The rate, which includes food and energy prices, dropped in October

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Gold, silver prices: On Saturday, gold fell by Rs 180 to Rs 32,070 per 10 gram.

Gold prices recovered by Rs 80 to Rs 32,150 per 10 gram at the bullion market on Monday on revival of buying by jewellers to meet wedding season demand even as the precious metal weakened overseas, reported news agency Press Trust of India (PTI). The rupee depreciating

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AirAsia's offer on flight tickets covers 120 destinations across Asia, Australia and beyond.

AirAsia India is offering "lowest fares" on flight tickets in its latest sale, the airline said on Monday. "Big sale for you. Log in to grab the lowest fares," the airline said on its website airasia.com. AirAsia's offer on flight tickets is valid till

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Registering the mobile will ensure uninterrupted service to the internet banking user, according to SBI

SBI or State Bank of India has asked its internet banking customers to register their mobile numbers with the bank by the end of the month. SBI internet banking customers, or customers who have subscribed to the bank's internet banking service,

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Saudi Arabia had said the kingdom would cut its production by 500,000 barrels per day.

Oil prices climbed on Monday as the world's biggest supplier Saudi Arabia announced plans to cut production, in the face of fears of oversupply. Saudi Arabia's energy minister said Monday that oil-producing nations should cut output by one million barrels per day

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Information Commissioner Sridhar Acharyulu had asked the RBI to furnish response by November 16

New Delhi: 

Slapped with a show-cause notice to its Governor Urijit Patel from the CIC, the Reserve Bank of India has sought time till November 26 from the commission, highest adjudicating body in RTI matters, for furnishing its response. The case is

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The rupee is down more than 14% against the dollar so far this year

The rupee closed 39 paise lower against the dollar on Monday, as crude oil rose and the dollar rose overseas. The rupee moved lower against the American currency after top crude oil producer Saudi Arabia's announcement of its plans to reduce

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Tatkal ticket booking provides reservation to passengers looking to travel at a short notice.

Indian Railways' Tatkal ticket booking provides reservation to passengers looking to travel at a short notice. It is available on payment of premium charges on a first-come-first-served basis. Passengers can book Tatkal tickets online via IRCTC (Indian

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Airtel, Vodafone are offering additional benefits such as subscription to Amazon Prime Video, Netflix.

After offering a host of prepaid recharge plans, telecom companies are now offering postpaid plans at attractive rates with more benefits to attract customers. Telecom companies such as Bharti Airtel, Vodafone India are offering additional

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Fixed deposit interest rates vary according to the tenor of a fixed deposit.

Fixed deposits (FDs), also known as term deposits, are secure investment instruments offered by banks, non-banking financial companies and post offices. In a fixed deposit, money can be invested for a higher rate of interest than savings accounts. One can deposit a lump

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SBI suggest that the customer sign the reverse of the card as soon as he or she receives it

State Bank of India (SBI), the largest lender of the country, has time and again shared tips to its customers, in its bid to promote safe banking practices. While transacting via an ATM-cum-debit card, customers often forget hiding their password, which may

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Major oil producers met in Abu Dhabi on Sunday.

Saudi Arabia said oil-producing countries have not yet reached an agreement on cutting output, as major producers met in Abu Dhabi on Sunday. "There is no consensus yet among oil producers about cutting production," Saudi Energy Minister Khalid al-Falih said at the meeting of their Joint Ministerial

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Mumbai/Bengaluru: 

Retail inflation rate eased to 3.31 per cent in October from a year earlier, government data showed on Monday, helped by a fall in food prices. Analysts polled by Reuters had forecast October's annual increase in the consumer price index at 3.67 per cent, compared with a downwardly revised 3.70 per cent in September.

Sujan Hajra,

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INR Vs USD: On Friday, the rupee had risen by 50 paise to end at 72.50 per dollar.

The rupee slipped by 54 paise to hit an intraday low of 73.04 against the dollar on Monday, reported news agency Press Trust of India (PTI). Increased demand for the American currency from importers, high global crude oil

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Small finance banks generally offer higher interest rates as compared to many leading banks.

Equitas Bank, a small finance bank, has revised its recurring deposit (FD) rates with effect from November 1, 2018. Small finance banks are banks, which provide financial inclusion to small businesses, micro and small industries. Recurring Deposit or RD is

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Bengaluru/New Delhi: 

Debt-laden carrier Jet Airways will cut flights on less profitable routes and add capacity to more lucrative markets, as part of its effort to lower costs and boost revenues as it struggles to stay aloft.

Jet Airways, the country's biggest full-service carrier posted its third straight quarterly loss on Monday, hurt by higher

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Government and the central bank have had disagreements, but the relationship has never looked so irretrievably broken as it does now.

Before the global financial crisis, the finance ministry saw the Reserve Bank of India as an incompetent regulator, one that managed the state-dominated banking industry by keeping it puny and primitive.

In that view,

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The minimum fixed deposit amount for SBI multi option deposit account is Rs. 1,000.

State Bank of India (SBI) offers a type of fixed deposit or term deposit scheme called Multi Option Deposit Scheme (MODS). The scheme is linked to the savings or current account, according to country's largest lender's website - sbi.co.in. Unlike in usual fixed

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