Business

When is a currency manipulator not a currency manipulator When it's your friend.

That's the best conclusion to draw from the U.S. Treasury Department's latest report on the macroeconomic and foreign-exchange policies of major trading partners, handed up to Congress Wednesday.

Donald J. Trump @realDonaldTrump Russia and China are playing the

Details
Category: Business

Write comment (90 Comments)

The number of permitted free transactions at ATMs in a month depends on factors such as location of ATM.

Key lenders in the country offer the service of ATMs but have certain charges for their customers for making transactions at ATMs. From State Bank of India (SBI) to private sector banks like HDFC Bank, ICICI Bank offer limited number of ATM

Details
Category: Business

Write comment (97 Comments)

In the Indian market, gold futures hit the highest since July 6, 2016, at Rs 32,311, earlier this week.

In order to cash in on the festive season, many jewellery houses have lined up attractive offers for buyers. Ahead of Diwali, jewellery firms such as Tanishq, PC Jeweller and Kalyan Jewllers have announced discounts on gold and diamond

Details
Category: Business

Write comment (100 Comments)

Lens Technology shares have slumped 62 per cent this year.

iPhone and Tesla touchscreens once made her China's richest woman. The U.S.-China trade war has made her the biggest loser in 2018 among Chinese billionaires.

Zhou Qunfei, the chairman of consumer electronics supplier Lens Technology Co., has lost 66 percent of her fortune, or $6.6 billion,

Details
Category: Business

Write comment (95 Comments)

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

Recurring Deposit or RD is a kind of term deposit under which one needs to deposit a fixed amount at fixed interval, which generates interest income. On maturity, the depositor is paid a lump-sum amount which includes his/her periodic investments and the

Details
Category: Business

Write comment (90 Comments)

Rupee vs dollar: The rupee registered a weekly gain of 25 paise against the greenback

The rupee rose against the dollar to close at 73.32 on Friday. That meant a recovery of 29 paise from Wednesday's close of 73.61, and a weekly gain of 25 paise against the greenback. Selling of the dollar by exporters amid

Details
Category: Business

Write comment (91 Comments)

The rupee strengthened by 8 paise to 73.24 against the dollar in early trade Monday on increased selling of the US currency by exporters and banks amid easing crude prices. Forex dealers said weakness in the dollar against a few currencies overseas and early gains in domestic equities gave some support to the rupee.    

At the Interbank Foreign

Details
Category: Business

Write comment (99 Comments)

Sovereign, however, remained unaltered at Rs 24,700 per piece of eight grams.

Rising for the second straight session, gold prices spurted by Rs 45 to Rs 32,270 per 10 grams at the bullion market Saturday on increased buying by local jewellers and positive cues from overseas markets, reported news agency Press Trust of India. Silver too climbed by

Details
Category: Business

Write comment (92 Comments)

Shares of UltraTech Cement dropped 4.2 per cent after the results.

Cement maker UltraTech Cement Ltd's quarterly profit dropped 9.4 per cent and missed market expectations, hurt by higher expenses, the company's statement showed on Friday. Standalone net profit, which does not account for its subsidiaries, stood at Rs 391 crore ($53.23 million) for

Details
Category: Business

Write comment (97 Comments)

Sensex, Nifty today: Twenty three out of 30 Sensex stocks were trading in the green.

The domestic stock markets opened Monday's session on a positive note on fresh buying by investors. At 11:46 am, the (Bombay Stock Exchange) BSE benchmark index Sensex traded at 34,448.79, up 133.16 points or 0.39 per cent. The wider Nifty50 index of the National St

Details
Category: Business

Write comment (100 Comments)

Fifteen analysts, on average, had expected a net profit of Rs 5,030 crore.

Bengaluru/New Delhi: HDFC Bank Ltd has reported record profit for the three months ending September 30 broadly in line with expectations, helped by higher interest and fee income. Net profit rose to Rs 5,005 crore ($682.16 million) for the quarter ended Sept 30, from Rs

Details
Category: Business

Write comment (90 Comments)

Overall breadth of the markets was sharply negative

Stock markets registered deep losses on Friday, with the Sensex shedding 463 points to close at 34,315. NSE benchmark index Nifty fell 149 points to settle at 10,303, 1.4 per cent lower from the previous close. Strong losses across sectors - led by finance,

Details
Category: Business

Write comment (91 Comments)

Petrol pumps strike: Delhi has a higher VAT than neighboring states.

All petrol pumps along with linked Compressed Natural Gas (CNG) dispensing units in the national capital are shut on Monday in protest against Delhi government's refusal to reduce Value Added Tax (VAT) on fuels. The protest started from 6 am on Monday and will remain till 5 am on

Details
Category: Business

Write comment (91 Comments)

Tatkal ticket bookings are allowed in all classes except first AC and executive class.

IRCTC (Indian Railway Catering and Tourism Corporation), which handles the catering, tourism and online ticketing operations of the Indian Railways, grants no refund on cancellation of confirmed Tatkal tickets/duplicate Tatkal tickets except in case of certain

Details
Category: Business

Write comment (90 Comments)

SpiceJet will start its daily non-stop flight between Delhi and Hong Kong from November 22.

Airlines in the country have come up with a host of new domestic and international routes. The new flights come amid high competition in the country's civil aviation market, where carriers are also offering discounts and cashbacks to attract passengers.

Details
Category: Business

Write comment (90 Comments)

Brent had earlier this month hit a four-year high of $86.74 a barrel.

Oil-marketing companies slashed the prices of petrol and diesel across the four metro cities for the fourth straight day on Sunday. Petrol is priced at Rs. 81.74 per litre in New Delhi, Rs. 83.58 per litre in Kolkata, Rs. 87.21 per litre in Mumbai and Rs. 84.96 per litre in

Details
Category: Business

Write comment (91 Comments)

Zero balance savings account: A BSBD account does not require a minimum or maximum limit.

A basic savings bank deposit (BSBD) account does not require any minimum balance. A BSBD account is a type of zero balance savings account and does not require customers to maintain any particular minimum average balance. Key banks like State Bank of India

Details
Category: Business

Write comment (94 Comments)

Arrival of kharif crop of onions is not yet in full swing, said an official.

Wholesale and retail onion prices in Delhi have hit the roof in the past 10 days. Low supply of onion from other states has pushed the rates in Delhi higher. Wholesale onion prices have surged up to Rs 23 per kilogram, reported news agency Press Trust of India. Retail

Details
Category: Business

Write comment (91 Comments)

CBIC on Sunday extended till October 25 the deadline for filing the GSTR-3B summary return.

New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) on Sunday extended till October 25 the deadline for filing the GSTR-3B summary return of sales for September. A Finance Ministry release also said that the last date for claiming Input Tax

Details
Category: Business

Write comment (90 Comments)

For the week, Brent fell 0.9 per cent, while US crude lost 3.1 per cent.

Oil-marketing companies slashed the prices of petrol and diesel across the four metro cities for the third straight day on Saturday. Petrol was priced at Rs. 81.99 per litre in New Delhi, Rs. 83.83 per litre in Kolkata, Rs. 87.46 per litre in Mumbai and Rs. 85.22 per litre in

Details
Category: Business

Write comment (93 Comments)

INR Vs USD: As of June 2018, foreign currency reserves stood at $380 billion, the report said.

The US has recently said that it may remove India from its currency monitoring list of trading partners. Praising the central bank as "exemplary" for declaring its forex market intervention, the US said that India

Details
Category: Business

Write comment (97 Comments)

GoAir Sale: The booking period of the offer ends on October 21, 2018.

GoAir is offering flight tickets at a starting all-inclusive price of Rs. 1,499, said the airline on microblogging website, Twitter. The fares under GoAir's scheme are applicable on travel from November 5, 2018 to January 31, 2019. The booking period of the offer ends on October

Details
Category: Business

Write comment (94 Comments)

The RBI quoted one of its executive directors as saying his arguments had been ignored

Mumbai: 

The Reserve Bank of India (RBI) issued a rare public objection on Friday to a government-led panel's recommendation for payments systems to be overseen by a regulator that would be set up outside the central bank's control.

The panel proposed in August

Details
Category: Business

Write comment (99 Comments)

IRCTC Auto Upgradation: Upgradation is automatically done by PRS at the time of preparation of chart.

IRCTC (Indian Railway Catering and Tourism Corporation), which handles the catering, tourism and online ticketing operations of the Indian Railways, offers the option of auto 'class upgradation' on online ticket booking. Under auto upgradation, Rail

Details
Category: Business

Write comment (92 Comments)

State Bank of India (SBI) offers Pehla Kadam and Pehli Udaan savings accounts for minors.

State Bank of India (SBI), country's largest lender, offers Pehla Kadam and Pehli Udaan savings accounts for minors. Pehla Kadam and Pehli Udaan are meant for children under the age of 18. While the Pehla Kadam account can be opened in the name of an

Details
Category: Business

Write comment (96 Comments)

The "Jio Diwali 100% cashback offer" is applicable to both new and existing customers, according to Jio

Reliance Jio, the telecom arm of conglomerate Reliance Industries, has introduced a new annual plan priced at Rs 1,699 and announced a cashback on prepaid recharges of Rs 149 and above. The addition of the Rs 1,699 plan and announcement of the 1

Details
Category: Business

Write comment (96 Comments)

On Wednesday, the local currency had ended lower by 13 paise to 73.61 against the US dollar.

Mumbai: The rupee recovered from early losses to trade higher by 19 paise at 73.42 against the US currency in late morning session Friday on fresh dollar selling by exporters amid easing crude oil prices and a weakening greenback. Dealers said the Reserve

Details
Category: Business

Write comment (98 Comments)

Fixed deposits (FDs) are secure financial instruments, which offer guaranteed returns. In a fixed deposit account, money is deposited for a specific time, which varies from seven days to 10 years. Besides, fixed deposit offer higher interest rates than savings accounts. Normal savings accounts offer interest rates between 3-4 per cent usually.

Details
Category: Business

Write comment (99 Comments)

RRB Recruitment 2018: RRB manages appointment of people to various posts in the Indian Railways.

The Railway Recruitment Board (RRB) hires individuals for various positions in the Indian Railways. RRB manages hiring and appointment of people to various posts in the Railways. Recently, RRB allowed candidates who had applied for the positions of

Details
Category: Business

Write comment (97 Comments)

FD interest rates: Fixed deposits offer much higher interest rates than savings accounts.

Fixed deposits (FDs) are secure financial instruments, which offer guaranteed returns. In a fixed deposit account, money is deposited for a specific time, which varies from seven days to 10 years. Regular savings accounts offer modest returns between 3-4 per

Details
Category: Business

Write comment (93 Comments)