Business

Mumbai: 

Shares in United Breweries Ltd fell as much as 3 per cent on Friday, a day after a report said the brewer and two global rivals had been raided in India as part of an investigation into price-fixing allegations.

News agency Reuters reported on Thursday that the Competition Commission of India (CCI) conducted search and seizure operations at

Details
Category: Business

Write comment (93 Comments)

Addition of Rs. 398 plan to Airtel's prepaid portfolio comes amid high competition in the telecom sector.

Bharti Airtel has introduced a new prepaid recharge plan priced at Rs. 398. Under this recharge pack, the telecom operator offers unlimited calls and 1.5 GBs of data per day, among other benefits, for a total validity period of 70 days,

Details
Category: Business

Write comment (97 Comments)

TCS Results: Net profit came in at Rs 7,901 crore, compared with Rs 6,446 crore a year earlier.

The country's top software services exporter Tata Consultancy Services Ltd posted a record profit for the quarter ended September 30, boosted by strong revenue growth across its business and setting the tone for India's IT sector results. TCS, India's

Details
Category: Business

Write comment (92 Comments)

Retail inflation stood below the RBI's medium-term target of 4% for a second straight month

Bengaluru: 

Retail inflation rate slightly picked up to 3.77 per cent in September, government data showed on Friday, driven by higher food and fuel prices and a depreciating rupee. Analysts polled by Reuters had forecast September's annual increase in the

Details
Category: Business

Write comment (90 Comments)

SBI minimum balance rules: SBI this year slashed minimum balance penalty charges for customers.

State Bank of India (SBI), the largest lender of the country, levies certain charges on customers failing to meet its MAB or monthly average balance rules applicable to savings accounts. However, at the same time, it also provides several savings

Details
Category: Business

Write comment (100 Comments)

INR Vs USD: The rupee is down around 16% against the dollar so far this year

The rupee closed marginally higher against the dollar on Thursday. At 74.12 per dollar, the rupee registered a gain of 9 paise against the greenback for the day, as against the previous close of 74.21. The rupee touched a fresh

Details
Category: Business

Write comment (94 Comments)

The rupee registered a weekly gain of 19 paise against the dollar

The rupee gained by 55 paise against the US dollar to close at 73.57 on Friday. That marked the biggest single-day jump in the rupee in more than three weeks. Friday's sharp upmove in the rupee came on the back of weakness in crude oil prices,

Details
Category: Business

Write comment (94 Comments)

However, such request can be granted once only, said IRCTC on its official website, irctc.co.in.

If you want a change in the name of a passenger on your e-ticket, IRCTC (Indian Railway Catering and Tourism Operation), which handles the catering, tourism and online ticketing operations of the Indian Railways, offers the facility of doing so. To

Details
Category: Business

Write comment (97 Comments)

It's not yet clear to what extent China will curb shipments of Iranian crude due to US sanctions.

US President Donald Trump is redirecting global oil flows.

West African and Latin American producers are sending ever-growing volumes of crude to China. America's exports to the Asian country have slumped in favor of its neighbors. There's an urgent

Details
Category: Business

Write comment (98 Comments)

India is expected to become the world's No. 3 market in terms of sales by 2020

New Delhi: 

Domestic passenger vehicle sales fell 5.6 per cent in September from a year ago, data from the Society of Indian Automobile Manufacturers (SIAM) showed on Friday, with demand hurt by rising fuel prices and interest rates.

Passenger vehicle sales stood at

Details
Category: Business

Write comment (97 Comments)

All sectoral indices, barring the Nifty IT, traded with gains on the NSE.

The domestic stock markets rebounded from Thursday's losses to post solid gains in early trade on Friday ahead of the release of key macroeconomic data. The S-P BSE Sensex opened at 34,291.92 and the Nifty50 of the National Stock

Details
Category: Business

Write comment (91 Comments)

IT major Tata Consultancy Services (TCS) on Thursday reported a net profit of Rs 7,901 crore for the July-September period. With that, the country's largest IT services exporter kicked off the corporate earnings season for India Inc.

Net profit logged a sequential - or quarter-on-quarter - growth of 7.6 per cent and annual (year-on-year) growth of

Details
Category: Business

Write comment (98 Comments)

The government replaced the company's entire board earlier this month.

Mumbai: Troubled Infrastructure Leasing and Financial Services Ltd (IL-FS) said on Friday that its Board has initiated several austerity measures related to personnel and operating expenses at the company. After its first meeting last week, the newly constituted IL-FS boa

Details
Category: Business

Write comment (90 Comments)

INR Vs USD: Higher opening in equity market also supported rupee's sentiment, said dealers.

MUMBAI: Continuing its recovery, the rupee Friday strengthened by 38 paise to 73.74 against the US dollar in early trade in the forex market after global crude prices eased.

Besides, dollar-selling by exporters and banks, the greenback's weakness against some

Details
Category: Business

Write comment (96 Comments)

Sovereign, however, remained steady at Rs 24,600 per piece of eight grams.

Gold advanced by Rs 130 to Rs 31,980 per 10 grams on Thursday following uptick in festive season demand from jewellers and retailers at the domestic spot market despite a weak global trend, reported news agency Press Trust of India. However, silver met with resistance at

Details
Category: Business

Write comment (91 Comments)

Consumer inflation stood at 3.77 per cent in September, as against 3.69 per cent in the previous month, the government said on Friday. The pickup in inflation was driven by higher prices of food and fuel along with prevailing weakness in the rupee. The retail inflation figure was lower than economists' estimates. Analysts polled by news agency

Details
Category: Business

Write comment (94 Comments)

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2%.

The stock markets opened with a strong positive bias on Friday. The S-P BSE Sensex opened at 34,291.92 and the Nifty50 of the National Stock Exchange (NSE) at 10,331.55. In the first few minutes of the trade, the Sensex traded at 34,420.54, up 419.39 points or 1.23 per cent

Details
Category: Business

Write comment (91 Comments)

Indiabulls Housing Finance, Bajaj Finserv, SBI, Tata Steel and Hindalco were the top Nifty50 laggards

Stock markets registered sharp losses on Thursday, rocked by sell-offs across global markets spooked by escalating global trade tensions and warnings of a growth slowdown. BSE benchmark index Sensex declined

Details
Category: Business

Write comment (91 Comments)

The state-run lender is also seeing a slowdown in "accretion" of new bad loans, said Rajnish Kumar.

Nusa Dua, Indonesia: State Bank of India, the country's largest lender, sees its provision for bad loans remaining high for at least the next two quarters, after which it will start softening as it steps up efforts to improve asset quality, its

Details
Category: Business

Write comment (97 Comments)

India is trying to curb overseas shipments to prevent a further widening of the current-account deficit

The government is considering a proposal to increase import duties on a raft of products ranging from plastic to steel as it seeks to curb a ballooning current-account deficit and prop up a sagging rupee, people familiar with the matter said.

Prime

Details
Category: Business

Write comment (98 Comments)

The three directors will not be allowed any mobile phones or telephones without permission.

Three promoters of the beleaguered Amrapali Group will be kept at a Noida hotel under police surveillance for 15 days, the Supreme Court said on Thursday. The case relates to non-delivery of 42,000 flats of the Group. The three directors - Anil Kumar Sharma,

Details
Category: Business

Write comment (94 Comments)

Indian retail investors won't easily forgive their fund managers, nor will they quickly forget this wealth destruction.

Out of 416 open-ended, onshore equity funds, 401 have lost money this year. Tech funds, the only ones to have performed decently, have been helped by Asia's worst-performing currency of 2018. And that's only because Indian

Details
Category: Business

Write comment (97 Comments)

Sharp losses in the US markets, followed by Asian peers, hurt the sentiment in the domestic equities.

The government expects the markets to stabilize and the rupee to pick up after historic lows over the past few weeks, official sources told TheIndianSubcontinent on Thursday even as the markets crashed on a global selloff. "All options are a

Details
Category: Business

Write comment (94 Comments)

Cyclone Titli: The national weather office IMD had issued a red alert on Tuesday.

Indian Railways on Thursday announced a list of terminated, rescheduled and cancelled trains on account of Cyclone Titli. East Coast Railway (ECoR), an arm of the Indian Railways, cancelled at least eight trains and suspended services between Khurda Road in Odisha and

Details
Category: Business

Write comment (99 Comments)

Analysts, on average, had expected a profit of Rs 1,437 crore.

Consumer major Hindustan Unilever Ltd reported a 19.5 per cent rise in its September-quarter profit, beating analysts' estimates, as sales at its home-care segment jumped. Profit rose to Rs 1,525 crore ($207.08 million) in the three months ended September 30, compared with Rs 1,276

Details
Category: Business

Write comment (94 Comments)

FD interest rates vary according to the tenure of the fixed deposit and across banks.

Fixed deposits (FDs) are secure financial instruments 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 fixed deposit account, money is deposited for a specific time, which

Details
Category: Business

Write comment (90 Comments)

Washington: 

An orderly depreciation of the rupee would increase competitiveness and relieve some of the pressures in capital market, according to a top World Bank official, who described it as a "positive development" if done in the right way.

The remarks by Martin Rama, the Chief Economist for the South Asia region at the World Bank, came as the

Details
Category: Business

Write comment (100 Comments)

Stock Market on Friday: Forty six stocks on the 50-scrip Nifty index finished the session higher

Stock markets bounced back on Friday boosted by buying across sectors except IT, amid strong gains in the rupee. The BSE benchmark index, Sensex, ended 732 points higher at 34,733 while the NSE Nifty settled at

Details
Category: Business

Write comment (100 Comments)

GoAir's flight was welcomed with a grand water cannon salute upon its arrival at the Phuket Airport.

GoAir, which recently announced commencement of its international operations, today launched its first ever direct international flight to Phuket from Delhi. The new international schedule introduces direct flights connecting Phuket to Mumbai and

Details
Category: Business

Write comment (99 Comments)

INR Vs USD: Heavy losses in domestic shares also hurt the rupee sentiment.

The rupee touched a lifetime low of 74.48 against the US dollar on Thursday, reported news agency Reuters. Sustained capital outflows and sharp losses in stock markets weighed on the domestic currency, traders were quoted as saying in

Details
Category: Business

Write comment (94 Comments)