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The Supreme Court on Thursday allowed ArcelorMittal and NuMetal to take part in the bidding process for takeover of Essar Steel. The top court gave both the companies two weeks to clear their non-performing assets (NPAs), or bad loans.

The National Company Law Appellate Tribunal (NCLAT) had earlier ruled that NuMetal's second bid for Essar Steel

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The domestic currency has depreciated nearly 13 per cent since the beginning of this year.

New Delhi: Commerce and Industry Minister Suresh Prabhu will chair an inter-ministerial meeting Thursday to discuss the depreciating rupee and widening trade deficit, an official said. The meeting will deliberate upon ways to address India's trade deficit in

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Taxpayers with identical names in Aadhaar and PAN card, can also use SMS facility to achieve the linking.

Have you linked your Aadhaar card with PAN yet Linking of PAN or Permanent Account Number with Aadhaar number is mandatory for filing of income tax returns (ITRs). Last month, the Supreme Court allowed linking of Aadhaar with PAN or Permanent

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Follow @TheIndianSubcontinentProfit on Twitter for breaking news and more.

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A selloff witnessed across sectors barring metal stocks dragged the markets lower

Stock markets finished Wednesday's session sharply lower, amid prevailing weakness in the rupee on soaring crude oil prices. BSE benchmark index Sensex declined 550 points - or 1.5 per cent - to close at 35,975, while the NSE

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State Bank of India (SBI), the country's largest bank, currently offers two types of savings accounts that can be opened online. These bank accounts - Digital Savings Account and Insta Savings Account - do not require the applicant to visit a branch in person for a particular period. The customer can register and start operating the bank account -

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Share markets on Thursday: Twenty eight out of 30 Sensex stocks started the session in the red.

Domestic stock markets started Thursday's session on a negative note, with the BSE benchmark Sensex cracking over 800 points as rupee hit another low amid weak global cues and fears of widening current account deficit (CAD). At 11:46 am, the S-P BSE

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Gold, silver prices: The precious metal had lost Rs 150 in the previous session on Monday.

Gold prices surged by Rs 555 to touch Rs 32,030 per 10 grams at the bullion market on Wednesday, taking positive leads from global markets amid fresh buying by local jewellers, reported news agency Press Trust of India (PTI). Silver too went past the Rs

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The addition of Rs 181 plan to Airtel's prepaid portfolio comes amid high competition in telecom sector.

Bharti Airtel has introduced a prepaid recharge plan priced at Rs 181. Under this recharge pack, the telecom major offers unlimited calling and 3 GBs of data per day, among other benefits, for a total validity period of 14 days, according to

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INR Vs USD: The rupee has lost as much as 13% to the dollar since the beginning of the year.

The rupee crashed to a new all-time low of 73.77 against the US dollar on Thursday, reported news agency Press Trust of India (PTI). The local currency dropped 44 paise against the US currency in the morning session

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FD interest rates of banks are higher for senior citizens as compared to those for general public.

Fixed deposits (FDs) are secure financial instruments that offer guaranteed returns. In a fixed deposit account, money is deposited for a specific time. Most banks today offer a maturity period ranging from seven days to 10 years for fixed deposits.

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State Bank of India (SBI) recently slashed the daily withdrawal limit from ATMs to Rs 20,000.

Most banks today have certain limits on ATM cash withdrawal in place for their customers. These cash withdrawal limits vary from bank to bank, and depend upon factors such as type of account and type of card. For example, PSU lender State Bank of India

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Interest rates of SBI's small account are similar to that of regular savings bank accounts.

State Bank of India (SBI) offers a wide range of services under its personal banking portfolio. From a basic savings account to a fixed deposit (FD) account, the country's largest lender provides a variety of options to investors for their requirements. SBI

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Fuel prices today: The diesel price in the national capital was stagnant at Rs. 75.25 per litre.

Petrol and diesel prices remained unchanged on Wednesday. In Delhi, petrol price was sold at Rs 83.85 per litre while diesel price stood at Rs. 75.25 per litre with effect from 6:00 am, according to state-run Indian Oil Corporation. In Mumbai, petrol a

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Jet Airways discount offer: Travel to Manchester must commence on or after November 5, 2018.

Jet Airways has announced a discount offer on international flight tickets. Under the scheme, the airline is offering a discount of up to 30 per cent on base fare in premiere and economy class bookings for flights from India to select European destinations,

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Petrol and diesel prices in the domestic market have touched record highs.

New Delhi: The Reserve Bank of India (RBI) Wednesday relaxed policy on borrowing from overseas to allow state-owned fuel retailers to raise up to $10 billion external debt for working capital needs. Till now oil marketing companies were not allowed to raise external

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Move over taper tantrum. The rupee looks set to outpace losses seen in 2013 as efforts by policy makers to stem its rout fall flat in the face of rising oil prices and relentless foreign outflows.

Down more than 12 percent as Asia's worst currency in 2018, predictions that crude -- India's biggest import -- could return to $100 per barrel signal

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PNB reported a loss of Rs 940 crore in Q1 of 2018-19, as against a profit of Rs 343.40 crore a year ago

Thiruvananthapuram: 

State-run Punjab National Bank (PNB) is expected to turn profitable this fiscal year and is poised for growth, its managing director Sunil Mehta said, asserting that the Rs 14,000-crore Nirav Modi scam is a bygone. Mr Mehta

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The government on Monday replaced the board of IL-FS.

New Delhi/Mumbai: Government's move to take control of debt-laden Infrastructure Leasing and Financial Services (IL-FS) will only succeed if lenders agree to take substantial losses, government sources familiar with the discussions told Reuters. The government on Monday replaced the

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Even before it went belly up, India's IL-FS Group was a strange fish: A private infrastructure financier that lent to risky projects it also owned, while throwing around the weight of nonexistent state connections to mask a multiyear liquidity squeeze.

It was only when the creature was dead to the markets that the authorities took note of the

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The travel period of GoAir offer starts on October 3 and ends on October 22, 2018.

GoAir is offering flight tickets at a starting all-inclusive price of Rs 999 under a limited-period offer, said the carrier on its official website - goair.in. The booking period of the offer ends on October 2, 2018. The travel period of GoAir offer starts on October

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The MSP of wheat was Rs 1,735 per quintal in the 2017-18 crop year.

Mumbai: Government raised the minimum support price (MSP) -- price at which it buys new-season wheat from local farmers -- by Rs 105, or 6 per cent, the farm minister said on Wednesday. The revised purchase price of Rs 1,840 rupees ($25.09) per 100 kg for 2019 compares with Rs

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The Indian rupee is down more than 12 per centin 2018.

The Indian rupee slipped 43 paise to hit all-time low of 73.34 against US dollar in morning trade on Wednesday, reported Press Trust of India (PTI). Sharp rise in global crude oil prices over the last two sessions weighed on sentiment for the local unit. Strong demand for the American currency f

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SBI ATM daily limit: The bank has capped the withdrawal from its classic debit card to Rs 20,000 per day

State Bank of India (SBI) will allow cash withdrawals of up to Rs 20,000 a day from its classic debit card. From October 31, a daily withdrawal limit of Rs 20,000 will be applicable to the bank's classic debit card, as against Rs 40,000 at

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Analysts see the rupee falling further to 73.93-74.31 levels going forward

The rupee declined sharply lower against the US dollar to close at a record 73.34 on Wednesday, amid soaring crude oil prices. The rupee touched a fresh all-time low of 73.42 against the American currency during the session, but

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Yes Bank, Tech Mahindra, Cipla, Dr Reddy's and ONGC led the pack of Nifty gainers.

Domestic stock markets started Wednesday's session on a negative note. At 9:22 am, the S-P BSE Sensex declined 158.54 points, or 0.43 per cent, to trade at 36,367.60. The NSE Nifty50 index dropped 53.25 points or 0.48 per cent to trade at 10,955.05. The Indian

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Mumbai: State Bank of India (SBI), the nation's largest lender, has slashed the daily withdrawal limit from ATMs to half from Rs 40,000 to check fraudulent transactions. The new limit will be effective from October 31 for the bank's more than 42 crore customers.

The limit has been reduced to Rs 20,000 on classic debit card, which is the most

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This is the first such measure initiated by any public sector bank in Maharashtra.

Pune: The Bank Of Maharashtra (BoM) has closed 51 branches across the country as part of cost-cutting measures in the banking industry, an official said on Wednesday. All the closed branches were in urban centres and were declared unviable and incurring huge losses,

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The increase pushes Amazon's lowest wage above that at Walmart Inc and Target Corp

Amazon.com Inc said on Tuesday it would raise its minimum wage to $15 per hour for US employees from next month, bowing to criticism of poor pay and working conditions at the world's second most valuable company.

The increase pushes Amazon's lowest wage above that at

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The Indian government, which seized control of debt-laden financier Infrastructure Leasing - Financial Services Ltd., has pledged to ensure the beleaguered lender has the money to prevent further defaults.

Superseding the board of IL-FS, which has defaulted on more than five of its obligations, was essential to restore the confidence of the

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