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Business
The overall deficit stood at $94.32 billion in the first six months of the current fiscal.
NEW DELHI: Exports entered negative zone after five months, declining 2.15 per cent in September on a yearly basis, showed government data Monday. Imports, however, went up by 10.45 per cent in September. The increase works out to be 16.16 per cent during
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Read more: Trade Deficit At Five-Month Low Of $13.98 Billion In September
Write comment (100 Comments)Jet Airways had earlier this month paid the balance amount of salaries for August to its staff.
Apologizing to its staff for the delay in salaries due in September, embattled airline Jet Airways said on Monday that it is working towards finding a solution. The airline management has also met the representatives of the pilots and will communicate a
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Read more: "Working On Solution To Release Salaries", Jet Airways Tells Staff
Write comment (100 Comments)On October 5, the RBI belied market expectations of a rate hike.
The Reserve Bank of India (RBI) is not expected to hike key lending rates in the current fiscal, a SBI Ecowrap report said on Saturday.
"CPI inflation marginally increased to 3.77 per cent in September 2018. Interestingly, on a m-o-m basis, rural food inflation has registered a
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Read more: RBI Unlikely To Hike Key Lending Rates In Current Fiscal, Says Report
Write comment (99 Comments)Sensex, Nifty today: Thirteen out of 30 Sensex stocks finished the session in the green.
The domestic stock markets extended gains for a second straight session by closing on a positive note on Monday. The BSE benchmark index Sensex ended 131.52 points or 0.38 per cent higher at 34,865.10. The broader
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Read more: Sensex Ends Over 100 Points Higher, Nifty Reclaims 10,500
Write comment (90 Comments)An average of four million users visit the ticketing site of the IRCTC daily.
New Delhi: The Indian Railway Catering and Tourism Corporation Limited (IRCTC) Saturday launched 'AskDisha' (Digital Interaction to Seek Help Anytime) -- a chatbot powered by artificial intelligence (AI) for improving customer services of railway passengers, a statement
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Read more: IRCTC Launches 'AskDisha' For Customer Support And Engagement
Write comment (92 Comments)Cards issued by domestic banks can be used use at any bank ATM within India.
ATM machines allow you to avail a range of services like withdrawal of money, balance inquiries, card to card transfers, and making cheque book requests, among other things. ATM cards (which also act as debit cards), credit cards and prepaid cards (that permit cash
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Read more: ATM Services, Transactions Offered, Cash Withdrawal Limits, More Details
Write comment (99 Comments)In January, the ICD signed a shareholder agreement with the private equity arm of IL-FS.
The Saudi-based Islamic Corporation for the Development of the Private Sector (ICD) said on Monday it had halted plans for a $1 billion fund with Infrastructure Leasing and Financial Services Group (IL-FS) while the domestic firm undergoes a
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Read more: Saudi-Based Institution Halts Plan For $1 Billion Fund With IL FS
Write comment (91 Comments)GoAir currently operates 230 daily flights to 23 domestic destinations.
GoAir, which had recently announced commencement of its international operations, today launched its direct flight to Male from Mumbai. The new international schedule introduces direct flights connecting Male to Mumbai and New Delhi, said the airline in a press release. This
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Read more: GoAir Launches Second International Route, Check Flight Schedule Here
Write comment (95 Comments)BSBD account can be opened by any individual provided he/she has valid KYC documents.
State Bank of India (SBI), country's largest lender, offers certain accounts where average monthly balance (AMB) rule is not applicable. These accounts do not require customers to maintain any particular minimum average
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Read more: Looking To Open An SBI Zero Balance Account Here Are 5 Options
Write comment (97 Comments)Interest earned rose 29.2 percent to 54.38 billion rupees.
IndusInd Bank Ltd posted a 4.6 percent rise in second-quarter profit on Monday, helped by higher interest income.
Net profit was 9.20 billion rupees ($124.36 million) for the quarter ended Sept. 30, compared with 8.80 billion rupees a year earlier, the private sector lender said in a
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Read more: IndusInd Bank Q2 Profit Rises 4.6% To 920 Crore Rupees
Write comment (96 Comments)Institutions such as small finance banks and post offices also offer the facility of recurring deposit.
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
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Read more: Recurring Deposit Interest Rates: Here's What Top Banks Pay
Write comment (95 Comments)Indian Railways have certain luggage carrying rules under which, each passenger is allowed a free allowance up to which he/she can carry luggage in the compartment, free of cost. The free allowance varies for different classes of travel, noted Indian Railways on its portal- indianrail.gov.in. However, passengers can book and carry excess luggage
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Read more: Indian Railways Luggage Rules: Free Allowance Limit And Other Details
Write comment (99 Comments)Space for RBI to hike rates is limited unless inflation crosses 5% consistently, says an economist.
The headline inflation data is subdued for now, but there are mounting risks that are difficult to ignore: a currency at a record-low, high oil prices, and looming elections that's prompting the government to raise food prices to placate farmers.
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Read more: Risks Central Bank RBI Can't Ignore In India's Low Inflation Spell
Write comment (96 Comments)Railway recruitment drive: Candidates will be engaged on purely part time contractual basis.
Indian Railways operated North Central Railway has invited candidates for walk-in-interview for the posts of PGT (Post Graduate Teacher), TGT (Trained Graduate Teacher) and PRT (Primary Teacher) under a new recruitment drive. The last day to apply for these
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Read more: Railway Recruitment: Vacancy, Eligibility, Last Date And Other Details
Write comment (91 Comments)Bookings for these flights are already open on the official website and app of the airline.
Full service carrier Vistara announced the operation of a special flight number UK 001 on Delhi-Ahmedabad-Mumbai route with its 'retrojet' aircraft on October 15, at a starting all-inclusive price of Rs 3,189. Vistara's 'retrojet' aircraft will be bearing
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Read more: Vistara To Operate Special Flight On October 15
Write comment (93 Comments)Fuel prices: Petrol on October 4 was priced at Rs 84 per litre.
Diesel price rose for the 10th consecutive day Monday to wipe out all of the Rs 2.50 per litre cut in rates announced earlier this month through excise duty cut and oil company subsidy.
The government had, with effect from October 5, cut excise duty on petrol and diesel by Rs 1.50 per
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Read more: Diesel Prices Hiked For Tenth Consecutive Day, Petrol Rates Remain Stable
Write comment (94 Comments)Passengers with confirmed reservation are allotted berths at the time of booking itself.
Indian Railways allows passengers to book and cancel tickets from offline reservation counters. For online booking and cancellation, passengers can visit the official website of IRCTC (Indian Railway Catering and Tourism Corporation. The railway administration
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Read more: Indian Railways Ticket Reservation Rules: Key Things To Know
Write comment (91 Comments)In a fixed deposit account, money is deposited for a specific time, which varies from 7 days to 10 years.
A fixed deposit (FD) account, also called as term deposit account, is a secure financial instrument which offer guaranteed returns. FD interest rates vary from one bank to another, depending on factors such as the term of fixed deposit. In a
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Read more: Fixed Deposit Interest Rates Of Key Lenders Compared
Write comment (92 Comments)The country is seeking to double the share of natural gas in the country's energy mix to 15% by 2030.
Steel pipe makers are set to become beneficiaries of government's $10 billion push to expand the natural gas network to more of its urban masses and cut pollution. The country has just completed its biggest city gas distribution auction that would
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Read more: The Big Beneficiaries of India's $10 Billion Clean Air Drive
Write comment (95 Comments)Post Office Recurring Deposit (RD) account can be opened by cash as well as cheque.
India Post has a network of more than 1.55 lakh post offices across the country and offers a variety of banking and remittance services, other than mailing services. Besides, the Department of Posts (India Post) also offers a number of saving schemes ranging from
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Read more: Post Office Saving Schemes: FD Account Compared To RD Account
Write comment (94 Comments)Users can also check if the mobile number is already registered with the bank.
Internet banking users of State Bank of India (SBI) are required to register their mobile number (if not done earlier) with the lender by December 1, 2018, said the country's largest bank. Customers who fail to register it before the deadline, will not be able to access
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Read more: SBI Net Banking May Get Blocked If Cell Number Not Linked By December 1
Write comment (97 Comments)The index for 'Food Articles' group declined by 0.2 per cent to 144.5 from 144.8 in the previous month.
Wholesale inflation based on the wholesale price index (WPI) stood at 5.13 per cent in September as compared to 4.53 per cent in August, provisional government data showed on Monday. Wholesale inflation in the corresponding period of last year
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Read more: September Wholesale Inflation Rises To Two-Month High Of 5.13%
Write comment (100 Comments)Amid high competition, airlines are coming up with new offers on flight tickets on domestic and international routes. Budget carrier GoAir is offering flight tickets at a starting all-inclusive price of Rs. 1,099. Jet Airways, country's second largest airline by market share, has come up with a scheme on domestic flight tickets and is offering
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Read more: GoAir, Jet Airways Offer Discount On Flight Tickets, Details Here
Write comment (98 Comments)Diesel sales declined by 0.8% to 6.03 million tonnes in September.
Domestic monthly diesel consumption fell for the first time in 10 months year-on-year in September, while petrol sales grew by the least in four months as record high pump prices dented demand, government data showed on Friday.
Lower local sales of petrol and diesel curbed growth in
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Read more: Diesel Demand In September Fell For First Time In 10 Months
Write comment (98 Comments)INR Vs USD: Spurt in dollar demand amid sustained foreign fund outflows weighed on the rupee.
MUMBAI: The rupee dropped 36 paise to 73.93 against the US currency in early trade Monday, breaking its three-day recovery trend, as crude prices rose amid weak macro-economic data.
A spurt in dollar demand from importers amid sustained foreign fund
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Read more: Rupee Breaks 3-Day Upward Trend, Slips 36 Paise Against US Dollar
Write comment (93 Comments)The benefits will be digitally delivered through MyAirtel App, Airtel TV and Wynk Music, said Airtel.
Telecom operator Bharti Airtel has announced exclusive benefits for customers under its newly launched digital platform #AirtelThanks. Under this offer, all Airtel customers who commit a monthly ARPU (Average Revenue Per User) of Rs 100 and above
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Read more: Airtel Announces 100GB Bonus Data For Select Customers. Details Here
Write comment (95 Comments)Fuel prices today: In the national capital, petrol was sold at Rs. 82.66 per litre on Saturday.
Petrol and diesel prices have been steadily rising despite the government's move to cut excise duty applicable to the fuels. On Saturday, the oil marketing companies (OMCs) hiked rates of petrol and diesel by 18 paise per litre and 29 paise per litre,
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Read more: Petrol Price Hiked By 18 Paise Per Litre In Delhi, Diesel Rate Raised
Write comment (96 Comments)Sensex, Nifty on Monday: Twenty eight stocks in the Nifty50 traded with losses.
The stock markets traded with losses on Monday after industrial production slipped to a three-month low. In early trade, the S-P BSE Sensex had reclaimed the key 35,000-mark at 35,008.65 but soon fell in trade. At 10:16 am, the 30-share Sensex traded at 34,654.22,
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Read more: Sensex Sheds Over 70 Points, Nifty Below 10,450
Write comment (96 Comments)This has been one of the worst months in over a decade in terms of fund outflows.
The second-quarter earnings result season, along with the direction of foreign fund flows and macro-economic data points, are expected to determine the trajectory of key Indian equity indices next week.
Market analysts said that crude oil prices coupled with rupee's
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Read more: Q2 Results, Fund Flows, Macro Data To Drive Market This Week, Say Experts
Write comment (94 Comments)Before IPO, the promoter holding in Bandhan Bank was nearly 89 per cent.
Bandhan Bank on Friday said it has received an exemption from the Securities and Exchange Board of India (Sebi) with respect to lock-in of one year on the equity shares held by the promoter and eligibility condition of one year from listing in order to comply with licensing
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Read more: Sebi Exempts Bandhan Bank From 1 Year Lock-In On Promoter Shares
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