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Business
E-ticket cannot be cancelled after chart preparation for normal passenger, said IRCTC.
IRCTC (Indian Railway Catering and Tourism Corporation), which handles the catering, tourism and online ticketing operations of the Indian Railways, also offers the option of ticket cancellation, through its official website- irctc.co.in or mobile app. However,
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Read more: IRCTC Online Reservation: 5 Things To Know About Chart Preparation
Write comment (91 Comments)Shares in Apple Inc fell 6 per cent on Friday, cutting the tech major's market value back to less than $1 trillion after it forecast softer-than-expected sales for the holiday quarter and fueled nerves over iPhone sales by saying it would no longer release the figures.
The dip in Apple's shares to $208.50 knocked around $67 billion off its value,
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Read more: Apple Market Value Slips Below $1 Trillion As Shares Plunge
Write comment (98 Comments)Eleven analysts on an average had expected the Mumbai-based company to report a profit of Rs 307 crore
Aluminium producer Hindalco Industries Ltd posted a 21.4 per cent decline in September-quarter net profit on Friday, dragged down by rising input costs, but marginally beat estimate. Standalone profit after tax came in at Rs 309 crore ($42.50
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Read more: Hindalco Reports Rs 309 Crore Profit In September Quarter
Write comment (100 Comments)Under its Rs. 159 prepaid recharge plan, Idea is offering unlimited local, STD and roaming calls
Idea Cellular has come up with a new prepaid recharge pack priced at Rs 159, said the telecom operator on its official website, ideacellular.com. Under this recharge pack, Idea offers unlimited calling, 1 GB data per day among other benefits for a
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Read more: Idea's Rs 159 Plan Offers Unlimited Calling, Data Benefits For 28 Days
Write comment (91 Comments)In partnership with various mobile wallets, Reliance Jio is offering a cashback of up to Rs 300.
Reliance Jio, the telecom arm of billionaire Mukesh Ambani-led Reliance Industries is going all out to attract customers in the run-up to Diwali. Reliance Jio is offering special plans for Diwali and 100 per cent cashback coupons, according to the
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Read more: Reliance Jio Announces Discount, Cashback Offers In Limited-Period Scheme
Write comment (99 Comments)Total expenses for the quarter rose 17.5 per cent to Rs 19,851 crore.
Power producer NTPC reported a marginal fall in September-quarter profit on Friday, missing estimates, as higher expenses weighed. Profit came in at Rs 2,426 crore ($334.03 million) for the three months ended September 30, compared with Rs 2,439 crore a year earlier, said the
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Read more: NTPC Posts Profit Of Rs 2,426 Crore In September Quarter
Write comment (100 Comments)It may be noted that banks offer a slightly higher interest rate on FDs to senior citizens.
Public sector lender Canara Bank has revised its fixed deposit (FD) rates with effect from November 1, 2018. Fixed deposits (FDs), also known as term deposits, are secure financial instruments, which offer guaranteed returns. Canara Bank has increased fixed
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Read more: Canara Bank Revises Fixed Deposit Interest Rates; What Other Banks Pay
Write comment (91 Comments)SBI has issued over 39.5 crore debit cards with around 26 crore actively-used debit cards
SBI or State Bank of India customers can now withdraw up to Rs 20,000 in a day using select cards issued by the lender. In a statement at the end of last month, the country's largest bank SBI announced a reduction in daily ATM withdrawal limits applicable to
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Read more: New State Bank Of India ATM Rules Explained: 5 Things To Know
Write comment (92 Comments)Punjab National Bank is the country's second-largest state lender by assets.
Punjab National Bank (PNB) reported a third straight quarterly loss on Friday as it set aside more money to account for a massive fraud, potentially frustrating the lender's plan to return to a profit for the year. Net loss came in at Rs 4,532 crore ($622.74 million) for
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Read more: Punjab National Bank Posts Loss Of Rs 4,532 Crore In Q2
Write comment (94 Comments)The company's turnover during the period under review rose 23 per cent to Rs 16,541 crore.
The Steel Authority of India Ltd (SAIL) on Friday reported a standalone profit after tax of Rs 553.69 crore for the second quarter of 2018-19.
The company had posted a net loss of Rs 539.06 crore in the July-September period of the previous financial year.
"The
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Read more: Steel Authority Of India Reports Q2 Net Profit Of Rs 553.69 Crore
Write comment (90 Comments)The rupee is expected to touch 72 to the dollar next week as sentiment remains upbeat, say dealers
The rupee was the second-best performer in Asia, rising the most in over five years on Friday, on lower global oil prices and as China and the United States expressed optimism about resolving their bruising trade war.
A decline in oil prices and the
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Read more: Rupee Rises Most In Five Years To Return To 72 Mark Against Dollar
Write comment (100 Comments)Indian Oil said its revenue from operations rose nearly 37 per cent to Rs 1.52 lakh crore
State-run refiner Indian Oil Corp posted a 12.2 per cent fall in second-quarter profit on Friday, missing estimate by a wide margin, dented by forex expenses and raw material costs.
Net profit came in at Rs 3,247 crore ($446.92 million) in the quarter ended
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Read more: Indian Oil Profit Falls 12% In Q2, Misses Analysts' Estimates
Write comment (99 Comments)PM Modi termed the 12 new measures as "historic" that will make Diwali brighter for the sector
Prime Minister Narendra Modi Friday announced sanction of loans of up to Rs 1 crore in 59 minutes, relaxation in labour laws, easier compliance with environmental rules and changes in company laws for small and medium enterprises as a 'Diwali gift' to
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Read more: PM Modi Announces 'Diwali Gift' For Small, Medium Businesses
Write comment (94 Comments)Indian Oil has a deal to buy up to 9 million tonnes of Iranian oil in financial year 2018-19
Major refiner Indian Oil said on Friday the US might allow the country to keep buying oil from sanctions-hit Iran as removing Iranian supplies from the market would impact global crude prices.
"I can't say there will be a waiver or no waiver, but
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Read more: Country Might Get Iran Sanctions Waiver: Indian Oil
Write comment (98 Comments)All of this could slow a $2.6 trillion economy only months before the general election.
MUMBAI/NEW DELHI: An incendiary speech by a top Reserve Bank of India (RBI) official last Friday blew the lid off an increasingly toxic dispute between the central bank and the government of Prime Minister Narendra Modi over monetary policy and who controls the
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Read more: Explainer: Why PM Modi Wants To Increase Control Over The RBI
Write comment (90 Comments)The flexi-fares will be reduced from 1.5 to 1.4 times the base ticket fare in 101 trains.
As a gift to passengers this festive season, Indian Railways has decided to scrap flexi-fares in 15 premium trains, while the scheme will no longer be applicable in 32 trains during lean periods. The reduction of flexi-fares is going to benefit both the p
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Read more: Ticket Prices To Get 'Cheaper' In Select Indian Railways Trains: 5 Points
Write comment (100 Comments)Gold demand in the county in 2018 is expected to fall from the previous year.
Physical gold demand was lacklustre this week, with dealers offering discounts for the metal ahead of a traditionally busy festival week for the first time in at least three years, as high prices kept consumers away. Prices in India, the second biggest
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Read more: Gold Rates At 5-Year Highs, Festive Week Fails To Spark Demand
Write comment (96 Comments)Acharya's remarks brought into spotlight the differences between the RBI and the government
The standoff between the Centre and Reserve Bank of India continued on Friday with Economic Affairs Secretary Subhash Chandra Garg dismissing RBI Deputy Governor Viral Acharya's comments about incurring the market's wrath if the central bank's
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Read more: Government Hits Out At Viral Acharya's "Market Wrath" Speech
Write comment (95 Comments)Sebi has directed the entities to deposit the amount within 45 days.
Passing a fresh order in the nearly a decade-old Satyam scam, capital markets regulator Sebi or Securities and Exchange Board of India on Friday barred B Ramalinga Raju and three other entities from the securities markets for 14 years and directed them to return Rs 813
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Read more: Satyam Scam: B Ramalinga Raju, 3 Other Entities To Return 813 Crores
Write comment (91 Comments)Stock markets registered strong gains on Friday in line with Asian peers. The Sensex ended 579 points, or 1.7 per cent, higher at 35,011 while the Nifty settled at 10,553, up 172 points from the previous close. That marked the
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Read more: Sensex, Nifty Surge To Close At Highest Levels In Over 2 Weeks
Write comment (93 Comments)All of this could slow a $2.6 trillion economy only months before the general election.
MUMBAI/NEW DELHI: An incendiary speech by a top Reserve Bank of India (RBI) official last Friday blew the lid off an increasingly toxic dispute between the central bank and the government of Prime Minister Narendra Modi over monetary policy and who controls the
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Read more: 6 Reasons For Unprecedented Conflict Between Team Modi And RBI
Write comment (98 Comments)Flipkart's Diwali Sale: The e-commerce is offering new deals every eight hours.
E-commerce marketplace Flipkart is offering discounts on smartphones, laptops, electronic items, fashion products, among others in a special 'Big Diwali Sale' offer. This festival sale offer will continue till November 5, stated the e-tailer on its official website-
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Read more: Flipkart's Diwali Sale 2018: Here Are Top Deals, Offers Available Today
Write comment (99 Comments)Gold price: The precious metal had gained Rs 230 in the last three days.
Gold prices drifted lower by Rs 150 to Rs 32,630 per 10 grams Friday, breaking its three-day rising spell, amid weakening global trend and fading demand from the local jewellers, reported Press Trust of India. Silver, however, recovered by Rs 310 to Rs 39,500 per kg backed by
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Read more: Gold Prices Fall After 3 Days Of Gains: 5 Things To Know
Write comment (97 Comments)PM Modi has publicly said using RuPay, an indigenous card payment network, was like serving the country.
The world's second-largest payments processor Mastercard told the US government in June that Prime Minister Narendra Modi was using nationalism to promote the use of domestic payments network RuPay, and his government's "protectionist policies"
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Read more: PM Modi Backing RuPay Citing "Nationalism", Mastercard Complained: Report
Write comment (96 Comments)The rupee registered its strongest single-day gain in five years on Friday, amid a plunge in crude oil prices and a spike in equity markets. The rupee strengthened by 101 paise against the greenback to settle at 72.44 for the day, marking its
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Read more: Rupee Recovers 2% Against Dollar In 2 Days: 10 Things To Know
Write comment (100 Comments)Provisions fell 6.8 per cent to Rs 2,927 crore.
Axis Bank, country's third-biggest private sector lender by assets, on Friday posted a better-than-expected 82.6 per cent jump in second-quarter profit, boosted by higher interest income and as asset quality improved. Net profit came in at Rs 790 crore ($108.95 million) for the three months ended
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Read more: Axis Bank Q2 Profit Jumps Nearly 83% To Rs 790 Crore
Write comment (90 Comments)The domestic stock markets gained amid a return of foreign fund inflows to Dalal Street. At 10:33 am, the Sensex traded at 35,022.02, up 590.05 points or 1.71 per cent, while the Nifty barometer of the National Stock Exchange (NSE) was at 10,562.50, with a gain of 182.05 points or 1.75 per cent.
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Read more: Sensex Tests 35,000, Nifty Above 10,550
Write comment (97 Comments)Until now, the central bank did not allow commercial banks to provide credit enhancement to NBFCs
The Reserve Bank of India (RBI) sought on Friday to ease a massive credit crunch affecting non-banking finance companies (NBFCs) by allowing banks to act as partial guarantors for some of their existing debt which should make it easier to
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Read more: RBI To Help Shadow Banks Refinance Debt
Write comment (100 Comments)CEO Tim Cook said Apple's business in India in Q4 was flat.
Apple CEO Tim Cook voiced optimism that the Indian government will at some point agree to allow the technology giant to bring in its stores as he lauded the country's bold reforms, saying he is a "big believer" and "very bullish" on India. Cook was responding to a question on
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Read more: Very Bullish On India, Rupee Fall Part Of Apple's Challenge: CEO Tim Cook
Write comment (96 Comments)Nearly 2 lakh crore ($27.23 billion) of NBFC and HFC debt is due for redemption by the end of December
Department of Economic Affairs (DEA) fears significant default from large non-banking finance companies (NBFC) and housing finance companies in the next six weeks if no additional liquidity support is provided to these firms, said MoneyControl on
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Read more: Centre Fears Funding Deficit Of Rs 1 Lakh Crore In Shadow Banking Sector
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