Business

Recently, GoAir also launched its first ever direct international flight to Phuket from Delhi.

National carrier Air India will introduce regular flight services from Delhi to Nanded, Maharashtra from November 19, 2018, reported news agency IANS. "This flight will fulfil long standing demand of pilgrims, non-resident Indians and tourists from USA,

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Anil Ambani's Reliance Communications (RCom) must repay Rs 550 crore in dues to Swedish telecom equipment giant Ericsson by December 15, the Supreme Court said on Tuesday, refusing to grant any extension. RCom has been directed to return the money at an interest rate of 12 per cent from September 30. RCom was to pay Ericsson by September 30 but

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State-owned firms own nearly 40% of Infrastructure Leasing and Financial Services (IL-FS)

New Delhi/Mumbai: 

The new board of debt-laden Infrastructure Leasing and Financial Services (IL-FS) will come up with a revival plan for the lender that could include selling stakes in some of its businesses, a government official said.

The official,

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On Monday, the rupee had settled 24 paise lower at 73.56 against the US dollar.

Mumbai: The rupee bounced back from the day's low level to settle almost flat at 73.57 against the US currency on Tuesday helped by easing crude oil prices and increased dollar selling by banks and exporters. The rupee opened weak at 73.74 and later fell to the day's

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Bharti Airtel on Tuesday announced a cashback of Rs 2,000 to its subscribers upgrading to a new 4G smartphone. Aimed at the festive season, the telecom service provider's "AirtelThanks" program will enable eligible Airtel subscribers to earn the cashback in the form of digital coupons, which can be redeemed to make payment against a prepaid or

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Asian Paints on Monday posted a 14.4 per cent fall in second-quarter profit, which missed analysts' estimates, hurt by higher expenses.

Net profit fell to Rs 493 crore ($67.02 million) in the September quarter from Rs 576 crore a year earlier, the company said in a statement.

Analysts, on an average, had expected the Mumbai-based company to post a

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In the last four years, there were around 45 lakh registered users of the app.

New Delhi: 

Waiting in long queues to buy tickets at railway stations will now be a thing of the past as the Railways' mobile app for buying unreserved tickets online, UTS, will be available nationwide from November 1, a senior official said on Tuesday. While the scheme

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INR Vs USD: In early trade, the rupee shed 23 paise to fall further to 73.79 against the dollar.

The rupee, which opened weaker against the US dollar, further extended its fall to 73.79 on Tuesday. After opening at 73.74, the rupee fell 23 paise in early trade amid persistent foreign fund outflows and weak

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On Friday, the rupee had settled 29 paise higher at 73.32 against the dollar

The rupee gave up early gains to close at 73.56 against the dollar on Monday. That marked a loss of 24 paise, or 0.3 per cent, in the rupee against the greenback as against the previous close of 73.32. Capital outflows coupled with

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In the national capital, petrol was sold at Rs 81.34 per litre on Tuesday.

Fuel prices were slashed for a sixth straight day on Tuesday across the four metro cities. The oil marketing companies (OMCs) cut rates of petrol and diesel by 10 paise per litre and 7 paise per litre, respectively, in Delhi. In the national capital, petrol was sold at Rs

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Invest India is a non-profit venture of the DIPP. (Image for representation)

Invest India has received the top UN Investment Promotion Award in recognition of its efforts to boost investments in the renewable energy sector in India.

The award was presented by Armenian President Armen Sarkissian to Deepak Bagla, the CEO of Invest India, on Monday in

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A six-member board has been formed for IL-FS to revive the financier and infrastructure developer

Mumbai: 

The board at Infrastructure Leasing and Financial Services (IL-FS) said on Monday it has appointed two advisers for assisting them in its debt resolution exercise.

The newly-appointed board has chosen advisory firms, Arpwood Capital and

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Shares of the company jumped as much as 4 percent on Tuesday.

Jet Airways has approached banks for a moratorium on loans and asked for fresh funds to ease a cash crunch, according to people with direct knowledge of the matter, adding to signs the carrier is sliding deeper into trouble.

The airline has already grounded about a dozen planes as part of

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Yet another reason to consider urging your kids to go into engineering: For the second year in a row, the best-performing CEOs in the world were more likely to have an engineering degree than an MBA.

Harvard Business Review, the management bible, released its annual ranking Monday of the top-performing CEOs around the globe. It found that

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Fixed deposits offer much higher interest rates than savings accounts.

Fixed deposits (FDs) are secure investment instruments offered by banks and non-banking financial companies, which offer guaranteed returns. In a fixed deposit account, money can be invested for a higher rate of interest than savings accounts. One can deposit a lump sum of money

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Analysts on average had expected a consolidated profit of Rs 2,450 crore, according to Refinitiv data.

Software services exporter HCL Technologies Ltd posted a 14.8 per cent rise in second-quarter net profit, beating analysts' estimates, helped by higher revenue from its software services business. Net profit attributable to shareholders rose to Rs

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In FY2018 ending September 30, TCS had received 20,755 H-1B specialty occupation labour certifications.

WASHINGTON: Tata Consultancy Services is the only Indian company among top 10 firms to get foreign labour certification for H-1B visas for the fiscal year 2018, according to data from the US Department of Labour. The H-1B visas are the most

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The taxman said the "average tax" paid by taxpayers jumped over the past three years

New Delhi: 

The number of salaried and non-salaried taxpayers in the country, and their average income declarations have increased over the past three years, the Central Board of Direct Taxes said on Monday. The CBDT or Central Board of Direct Taxes is the apex p

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Sovereign gold, however, remained flat at Rs 24,700 per piece of 8 grams.

Gold prices on Tuesday jumped by Rs 130 to Rs 32,350 per 10 grams at the bullion market on increased buying by local jewellers amid positive global trends, reported news agency Press Trust of India. Silver also rallied by Rs 250 to Rs 39,750 per kg backed by increased offtake

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INR Vs USD: Rupee traded 23 paise lower at 73.79 as compared to its previous close of 73.56.

The rupee traded 23 paise lower at 73.79 as compared to its previous close of 73.56, against the US dollar in early trade on Tuesday, reported news agency Press Trust of India (PTI).

The rupee lost 24 paise or 0.3 per cent against the greenback on Monday.

Incr

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Hindustan Zinc Ltd reported a 29.8 per cent fall in second-quarter profit on Monday, dented by higher expenses.

Net profit dropped to Rs 1,815 crore ($247.43 million) in the quarter ended September 30, from Rs 2,584 crore a year earlier, the zinc miner said.

Revenue from operations fell 10 per cent to Rs 4,777 crore. However, mined metal production

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The Sensex and Nifty extended losses to a fourth consecutive session

Stock markets extended losses to a fourth consecutive session, with the S-P BSE Sensex shedding 287 points to close at 33,847 on Tuesday. That marked the first closing below 34,000 for the 30-scrip benchmark index since April 11. The

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Sensex, Nifty opened on a lower note on Tuesday.

The stock markets opened on a lower note on Tuesday. The S-P BSE Sensex opened at 33,935.88 as compared to its previous close of 34,134.38 and the Nifty50 index of the National Stock Exchange (NSE) started at 10,152.60 against its last close of 10,245.25. In the first few minutes of trade, the

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The number of taxpayers earning above Rs 1 crore per annum has risen to over 1.40 lakh in the country in the last four years, depicting a growth of about 60 per cent, the Central Board of Direct Taxes (CBDT) said Monday. 

Releasing key statistics of income tax and direct taxes for a period of about four years, the policy-making body of the IT

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The cost of materials consumed in the September quarter surged 20.1 per cent to Rs 3,696 crore.

Auto manufacturer TVS Motor Co Ltd posted about 1 per cent fall in second-quarter profit on Tuesday, dented by higher commodity prices. Profit came in at Rs 211 crore ($28.64 million) in the quarter ended Septmeber 30, compared with Rs 213 crore a year

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JioPhone 2 flash sale: JioPhone 2 is an upgraded version of feature phone JioPhone, according to Jio

Reliance Jio has announced another instalment of flash sale for JioPhone 2, its 4G-enabled feature phone device. The flash sale of JioPhone 2 - which is an upgraded version of its existing feature phone called JioPhone - will begin at 12:00 pm on Thu

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The Sensex and Nifty took their total losses to around 3% in three consecutive sessions

Stock markets finished lower for the third straight day amid high volatility on Monday. BSE benchmark index Sensex closed 181 points lower at 34,134, while the NSE Nifty shed 58 points to settle at 10,245. Except auto and

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The booking period of GoAir's offer on flight tickets ends on October 23, 2018.

GoAir said that it is offering domestic flight tickets at a starting all-inclusive price of Rs 999. The booking period of the offer will end on October 23, 2018, noted the airline on its official website, goair.in. The travel period for which customers can avail GoAir

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New Delhi: 

Net direct tax collections in the country grew by 15.7 per cent on a year-on-year basis to Rs 4.89 lakh crore in the current fiscal year till the third week of October, said a senior official on Monday quoting from the latest data. That meant over 42 per cent of the full-year direct tax collection target of Rs 11.5 lakh crore for the

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Gold, silver prices: On Saturday, the precious metal had gained Rs 45.

Gold prices slipped by Rs 50 per 10 grams to Rs 32,220 per 10 grams at the bullion market in Delhi on Monday amid a weak global trend and slackened demand from local jewelers, reported news agency Press Trust of India. Silver rates also declined by Rs 100 per kilogram to Rs

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