Business

Amrapali group has informed Supreme Court that its seven properties in Noida, Greater Noida, Rajgir and Buxar in Bihar have been sealed, reports news agency Press Trust of India.

Fixed deposits (FDs) are secure financial instruments that offer guaranteed returns. FD interest rates vary from one bank to another depending on factors such as maturity period and amount. In a fixed deposit account, money is deposited for a specific time, which varies from seven days to ten years in major banks. Investment in a fixed deposits

New Delhi: AirAsia India is close to appointing an executive from Tata Steel Ltd to head the troubled low-cost carrier as its local partner, Tata Sons, moves to take greater control of the company, two sources aware of the matter told Reuters on Wednesday. Sunil Bhaskaran, who is

Sydney/Shanghai: Asian share markets sank in a sea of red on Thursday after Wall Street suffered its worst drubbing in eight months, a conflagration of wealth that could threaten business confidence and investment across the globe. "Equity markets are locked in a sharp sell-off,

Reliance Jio has announced a flash sale of JioPhone 2, its 4G-enabled feature phone. The flash sale of JioPhone 2 will begin at 12:00 noon on October 11, said Reliance Jio - the provider of telecom services under brand Jio - on microblogging site

In further trouble for the embattled Amrapali Group, the Supreme Court on Wednesday ordered sealing of nine properties where the documents related to 46 group companies are kept. Promoters Anil Kumar Sharma, Shiv Priya and Ajay Kumar later moved the court seeking to be kept in

Central bank rate hikes were a "necessary development", International Monetary Fund chief Christine Lagarde said Thursday, a day after Donald Trump sent global markets tumbling by calling Fed increases "crazy".

"It is clearly a necessary development for those

New Delhi: Public health groups along with doctors and economists have urged the Group of Ministers in the GST Council to increase cess on tobacco products to raise the much-needed disaster remediation revenue. Experts said global experience has shown that such

The Union Cabinet on Wednesday sanctioned Rs 2,044.31 crore for 78 days productivity linked bonus to about 11.91 lakh non-gazetted railway officials.

The announcement was made by Union Law Minister Ravi Shankar Prasad while addressing a press conference here after a Cabinet meeting chaired by Prime Minister Narendra Modi.

"Each employee under this

Until 10:29 am, the Sensex had hit an intra-day low of 33,723.53 and the Nifty of 10,138.60.

The rupee moved 18 paise higher against the dollar to close at 74.21 on Wednesday. That marked the first rise in the the rupee against the greenback after six consecutive sessions of decline. The mild recovery in the rupee comes on the back of some weakness in the dollar against major currencies overnight and expectation of improvement in

Bandhan Bank Ltd posted a 47.3 percent jump in second-quarter profit on Wednesday, helped by higher interest earned, and reports said the bank was looking at options to comply with Reserve Bank of India norms on shareholder stake.

The results come days after the RBI barred the

The rupee hit an all-time low of 74.45 against the US dollar on Thursday, reported news agency Press Trust of India (PTI). It opened weak at 74.37 and slipped further to quote a lifetime low of 74.45, depreciating 24 paise against the US dollar in early trade.   

On Wednesday, the rupee closed 18 paise higher against the dollar at 74.21 after

Amazon India started its festive season sale- 'Great Indian Festival 'on Wednesday. Amazon India's new sale will be available till October 15, noted the e-commerce marketplace on its official website. Under this sale, Amazon is offering discounts on smartphones, mobile accessories,

Washington: India's debt is lower than the best or emerging market economies in the world, a top IMF official has said as he cautioned that the global debt has reached a new record high of $182 trillion in 2017. Vitor Gasper, International Monetary Fund (IMF) Director of Fiscal Affairs

Change is coming to some of the country's top private banks as regulators shunt aside a previous generation of leaders in a bid to improve corporate governance and get to grips with a mountain of bad loans. By cutting short the terms of the chief executives of Axis

The world's biggest trading houses said on Wednesday they saw oil prices not falling below $65 per barrel and possibly breaking above $100 next year due to US sanctions on Iran.

Oil has rallied this year on expectations the sanctions will test the production ability of the Organization of the Petroleum Exporting Countries and others as

Budget carrier GoAir is all set to start its international operations from October 11, 2018. The first ever direct international flights will be launched on Thursday from Delhi to Phuket in Thailand, at a starting all-inclusive price of Rs 18,999, noted the airline on its

Bharti Airtel has introduced a prepaid recharge plan priced at Rs 289. Under this recharge pack, the telecom operator offers unlimited calling and up to 4 GBs of data, among other benefits, for a total validity period of up to 84 days, according to

Government sources have said that a possibility of fraud cannot be ruled out in the Infrastructure Leasing - Financial Services Limited (IL-FS) case.

Sources told ANI the new board has been tasked with a critical decision of curbing unnecessary expenditure. Furthermore, the source said the Board

Walmart-backed Flipkart kick-started its annual festive season sale - The Big Billion Days - with effect from Wednesday. Flipkart Big Billion Days sale, which usually runs ahead of Diwali and Dusshera, offers attractive discounts. This year, Flipkart

The move would bring down fuel prices for the ailing aviation industry

SINGAPORE/NEW DELHI: Saudi Arabia, the world's biggest oil exporter, will supply domestic buyers with an additional 4 million barrels of crude oil in November, several sources familiar with the matter said on Wednesday.

The extra cargoes indicate a willingness by Saudi Arabia to increase crude supply to make up the shortfall once sanctions by the

National passenger carrier Air India will launch direct flight services from Bengaluru to London with effect from November 17, 2018.

According to Air India, the service will be operated by a Boeing 787 Dreamliner aircraft.

"The non stop flight will fulfill the long standing demand of IT professionals and health tourism in the region," the airline

The worst run of rupee losses in 16 years is set to extend. Only this time, the declines might not be triggered by oil but by the surprise move by India's central bank to hold rates despite the currency's free fall.

The rupee, which has fallen for six straight months in the longest stretch since 2002, is seen sliding to 75 per dollar by year-end,

Gold prices jumped by Rs 200 to Rs 31,850 per 10 grams on increased buying by jewellers and retailers at the bullion market on Wednesday following beginning of auspicious week of 'Navratri', reported news agency Press Trust of India (PTI). A weak trend

The Serious Fraud Investigation Office (SFIO) has narrowed on five arms of Infrastructure Leasing - Financial Services (IL-FS) that may have been involved in fund diversion and mismanagement, the Economic Times reported. The government took control of the debt-laden

New Delhi: No-frills airline AirAsia India has appointed Tata group veteran Sunil Bhaskaran as chief executive officer and managing director, according to a release. The airline is a joint venture between Tata Sons and Malaysia's AirAsia Berhad. Bhaskaran's appointment would be effective from November 15, AirAsia India said in a release Wednesday. 

Despite Wednesday's gains, analysts expect the pressure in markets to continue going forward

Retail inflation likely sped up in September on higher food and fuel costs, pushed up by a battered rupee and suggesting further policy tightening from the Reserve Bank of India, a Reuters poll found.

The central bank last week held interest rates unchanged,