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Business
Brent crude futures rose 73 cents, or 1 per cent, to settle at $77.62 a barrel.
Oil-marketing companies slashed the prices of petrol across the four metro cities for the tenth straight day on Saturday. Petrol is priced at Rs. 80.85 per litre in New Delhi, Rs. 82.71 per litre in Kolkata, Rs. 86.33 per litre in Mumbai and Rs. 84.02 per litre in
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Read more: Petrol, Diesel Prices Continue To Come Down. Check Rates Here
Write comment (96 Comments)Net sales were Rs 3,687 crore, up from Rs 3,491 crore last year.
Dr.Reddy's Laboratories posted a better-than-expected rise in second-quarter profit as higher sales in some emerging countries offset a marginal decline in business in North America, a key market for the Indian generic drugmaker. Dr.Reddy's net profit soared 69.7 per cent to Rs 518
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Read more: Dr Reddy's Second-Quarter Profit Jumps Nearly 70% To 518 Crore Rupees
Write comment (92 Comments)Yes Bank's provisions soared 110 per cent to 940 crore rupees.
Shares of Yes Bank Ltd dived 15 per cent to a four-week low on Friday, after the lender posted a weaker-than-expected quarterly profit due to higher provisions and weak asset quality.
The stock hit a low of 168.60 rupees, with nearly 6.3 crore shares being traded, as of 0605 GMT, nearly
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Read more: Yes Bank Shares Slump 15%, Hits 4-Week Low On Second-Quarter Profit Miss
Write comment (91 Comments)GoAir Sale: The booking period of the offer ends on October 28, 2018.
GoAir is offering flight tickets at a starting all-inclusive price of Rs. 999, said the airline on microblogging website, Twitter. The fares under GoAir's offer are applicable on travel from November 12, 2018 to January 31, 2019. The booking period of the offer ends on October
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Read more: GoAir Offers Domestic Flight Tickets From Rs. 999. Details Here
Write comment (100 Comments)Domestic stock markets extended falls on Friday to end the session at a seven-month low. Bombay Stock Exchange (BSE) benchmark index Sensex closed 340.78 points or 1.01 per cent lower at 33,349.31. This is the lowest
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Read more: Sensex, Nifty Hit 7-Month Low: 10 Things To Know
Write comment (91 Comments)Domestic stock markets started Friday's session on a lower note as the November derivatives series took off on a weak note amid negative Asian cues. Bombay Stock Exchange (BSE) benchmark index Sensex plunged
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Read more: Sensex Falls Over 300 Points, Nifty Slips Below 10,050
Write comment (91 Comments)The advance booking for train ticket opens 120 days before the date of journey, said IRCTC.
IRCTC (Indian Railway Catering and Tourism Corporation), which handles the catering and tourism operations of the Indian Railways, offers the facility of online booking of train tickets. The advance booking for train ticket opens 120 days before the date of
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Read more: Indian Railways Waitlisted Tickets: 5 Rules You Should Know
Write comment (93 Comments)Analysts on average had expected a profit of Rs 2,934 crore.
ITC Ltd, the country's biggest cigarette maker, posted a near 12 per cent rise in September-quarter profit on Friday, boosted by higher cigarette revenue. Profit was Rs 2,955 crore ($403.03 million) in the quarter ended September 30, compared with Rs 2,640 crore a year earlier, the maker
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Read more: ITC Posts Profit Of 2,955 Crore Rupees, Beats Analysts' Estimates
Write comment (90 Comments)INR vs USD: On Thursday, the rupee had depreciated by 11 paise to close at 73.27 against the dollar
The rupee weakened by 17 paise to hit an intraday low of 73.44 against the dollar on Friday, amid increased demand of the American currency from importers and sustained foreign fund outflows, reported news agency Press Trust of India. Strength in the
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Read more: Rupee Drops 17 Paise To 73.44 Against Dollar: 5 Things To Know
Write comment (90 Comments)A top Reserve Bank of India official said on Friday that undermining a central bank's independence could be "potentially catastrophic", in comments appearing to push back against government pressure ahead of a general election next year. Government officials have recently called for the RBI to relax its lending restrictions on some banks,
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Read more: Respect Central Bank Independence Or Face Markets' Wrath, Says RBI No. 2
Write comment (92 Comments)Banks keep on revising their fixed deposit interest rates from time-to-time.
Fixed deposit (FD), a secure investment instrument, offers higher interest rates than the deposits in savings accounts. Fixed deposits can be started for specific period, which can be as short as 7 days. The FD accounts which have a lock-in period of five or 10 years also
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Read more: Looking To Invest In Fixed Deposits Check Latest FD Rates Of Top Lenders
Write comment (91 Comments)Brent crude futures were down 51 cents, or 0.7 per cent, at $76.38 a barrel in the intraday trade.
Oil-marketing companies slashed the prices of petrol across the four metro cities for the ninth straight day on Friday. Diesel rates were also cut in all the metros except Chennai. Petrol is priced at Rs. 80.85 per litre in New Delhi, Rs. 82.71 per
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Read more: Petrol Prices Cut For Ninth Straight Day. Check Fuel Rates Here
Write comment (93 Comments)The court sought details on the shareholdings that were acquired from the money paid by home-buyers
The Supreme Court on Friday directed the Amrapali group of companies to furnish details of all the bank accounts of its 46 companies, including 23 others mentioned by the forensic auditors in their interim report.
Allowing time till October
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Read more: Furnish Details Of Bank Accounts Of 46 Firms: Supreme Court To Amrapali
Write comment (90 Comments)The world's richest person is Amazon founder Jeff Bezos.
Billionaires made more money in 2017 than in any year in recorded history and the richest people on Earth increased their wealth by a fifth to $8.9 trillion, according to a report by Swiss bank UBS. "The past 30 years have seen far greater wealth creation than the Gilded Age" the UBS
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Read more: World's Billionaires Made Record Money In 2017: UBS
Write comment (99 Comments)The rupee dipped to as low as 73.33 against the dollar on Thursday before settling at 73.27 for the day
The rupee depreciated by 11 paise to close at 73.27 against the dollar on Thursday due to steady capital outflows and sharp decline in domestic equities amid intensifying geopolitical tensions. Dealers said a spurt in dollar demand from
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Read more: Rupee Moves Lower To Close At 73.27 Against Dollar
Write comment (96 Comments)The Hyderabad High Court has directed the Telangana government and Telangana State Industrial and Infrastructure Corporation to pay over Rs 660 crore to the debt-laden Unitech towards principle and interest in a case related to a land development project in 2008.
Justice MS Ramachandra Rao gave the direction on October 23, on the
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Read more: Hyderabad High Court Orders Payment Of Rs 660 Crore To Unitech
Write comment (98 Comments)IndiGo shares closed 7.5 per cent higher on Thursday, the biggest one-day gain since February 2016
The country's largest domestic airline, IndiGo, will add 30 per cent capacity this financial year to maintain dominance of the world's fastest growing aviation market, although its parent company has just recorded its first quarterly loss
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Read more: IndiGo Plans To Boost Capacity By 30% This Year To Protect Market Share
Write comment (98 Comments)Bengaluru is among the top three cities globally for the launch of tech start-ups
Every year, industry body Nasscom brings out a report on the health of India's start-up ecosystem. In its report released in Bengaluru on Thursday, it declared that the industry, the third largest start-up ecosystem in the world, was doing well.
Investments are up to
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Read more: Nasscom Says Start-Up Industry Is Doing Fine, But...
Write comment (100 Comments)FD interest rate: Small finance banks pay an annual return of up to 9.5% on deposits below Rs 1 crore
Small finance banks - which are banks aimed primarily at financial inclusion - pay interest rates in a range of 3.5-9.5 per cent on FDs or fixed deposits of up to Rs 1 crore. These lenders, such as Equitas Small Finance Bank, AU Small Finance Bank,
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Read more: Small Finance Banks Pay Up To 9.5% Interest On FD, Details Here
Write comment (95 Comments)Essar Steel drew interest from Indian steelmakers such as JSW Steel and Vedanta Ltd
The committee of creditors of debt-laden Essar Steel India Ltd has chosen ArcelorMittal SA and Japan's Nippon Steel - Sumitomo Metal Corp as the winning bidders for the asset, Nippon Steel said in a statement on Friday. The two companies would pay a total of
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Read more: Essar Steel Creditors' Panel Chooses ArcelorMittal's Joint Bid
Write comment (97 Comments)The blue-chip scrip of Rs 5 face value lost Rs 24.60 per share on BSE on Thursday.
Biotech major Biocon Ltd has reported Rs 355 crore consolidated net profit for the second quarter (Q2) of fiscal 2018-19, registering a record 416 per cent growth from Rs 69 crore in the like period year ago and 196 per cent sequential growth from Rs 120 crore
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Read more: Biocon Reports 355 Crore Rupees Consolidated Net Profit For Q2
Write comment (98 Comments)AirAsia India is offering up to 70 per cent discount on all destinations.
Ahead of Diwali, airlines have recently announced a host of discounts on domestic and international flight tickets. SpiceJet is offering domestic flight tickets at a starting all-inclusive price of Rs 888 under a limited-period 'Festive Season Sale', according to the a
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Read more: SpiceJet, IndiGo, AirAsia India Offer Discount On Flight Tickets
Write comment (95 Comments)IndiGo shares closed 7.5 per cent higher on Thursday, the biggest one-day gain since February 2016
The country's largest domestic airline, IndiGo, will add 30 per cent capacity this financial year to maintain dominance of the world's fastest growing aviation market, although its parent company has just recorded its first quarterly loss
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Read more: IndiGo Airline To Expand, Defend Turf Despite Loss
Write comment (99 Comments)Shares in Bharti Airtel closed 6.3 per cent lower ahead of the earnings announcement
Telecom major Bharti Airtel on Thursday reported a net profit of Rs 118.8 crore in the July-September quarter. That marked a 65.4 per cent decrease compared with Rs 343 crore in the corresponding period a year ago. Revenue stood at Rs 20,422.5 crore, as against Rs 2
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Read more: Bharti Airtel Posts 65% Fall In Net Profit To Rs 119 Crore In Q2
Write comment (99 Comments)ICICI Bank on Friday reported a net profit of Rs 908.88 crore for the July-September period. That marked a nearly 56 per cent fall from a net profit of Rs 2,058.19 crore posted for the corresponding period a year ago. The net profit fell short of Street estimates. Analysts on an average had expected a net profit of Rs 998 crore in Q2, news agency
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Read more: ICICI Bank Profit Falls Nearly 56% To Rs 909 Crore In September Quarter
Write comment (90 Comments)The number of new NPS subscribers is estimated at 6,89,385 persons.
More than 1.45 crore new subscribers joined the Employees' Provident Funds (EPF) Scheme during the one year period through August 2018, says payroll data released by the government Thursday. The Ministry of Statistics and Programme Implementation (MoSPI) has been bringing out the
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Read more: Employees Provident Fund Schemes Add Over 1.45 Crore New Subscribers
Write comment (93 Comments)Net tax receipts in the fiscal first half were Rs 5.82 lakh crore, official data showed
April-September fiscal deficit stood at 5.94 lakh crore ($81.25 billion), or 95.3 per cent of the budgeted target for current fiscal year, government data showed on Thursday.
Net tax receipts in the first half of the fiscal year that ends in March 2019
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Read more: April-September Fiscal Deficit Stands At 95% Of Full-Year Target
Write comment (95 Comments)The Reserve Bank of India (RBI) on Friday said it would buy Rs 40,000 crore ($5.45 billion) worth of government bonds via open market operations (OMO) in November to inject liquidity into the market. The move comes amid worries of a liquidity crunch after defaults at one of the country's largest infrastructure financing companies.
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Read more: RBI To Inject Rs 40,000-Crore Liquidity Into System In November
Write comment (93 Comments)SpiceJet sale offer: The sale has limited inventory and is available on first come first served basis.
Ahead of Diwali, SpiceJet is offering domestic flight tickets at a starting all-inclusive price of Rs 888 under its special 'Festive Season Sale', said the airline on microblogging website Twitter. The offer comes amid high-competition in the
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Read more: SpiceJet Offers Domestic Flight Tickets From 888 Rupees
Write comment (93 Comments)Essar Steel's plan consists of an upfront cash payment of Rs 47,507 crore to all creditors
Essar Steel India said its board and shareholders have offered to pay Rs 54,389 crore ($7.42 billion) to creditors to settle their claims, allowing the company to exit from a bankruptcy process.
The steelmaker, owned by the billionaire Ruia brothers, is one of
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Read more: Essar Steel Proposes Rs 54,389 Crore Settlement To Creditors
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