Business

The year-to-date gains for information technology stocks have outpaced the broad market index.

The dark cloud hanging over the economy from the rupee's rout is not without a silver lining.

The currency's double-digit drop against the dollar this year is helping the nation's services exports, according to HSBC Holdings Plc's chief India economist

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On deposits below Rs 1 crore SBI FD interest rates for the general public range from 5.75-6.85%.

Even as the government recently hiked small saving schemes' interest rates for the October-December quarter, bank fixed deposit or FD interest rates have so far not been hiked. Rise in interest rates of small saving schemes would nudge banks to increase

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Petrol, diesel rates on Monday: Petrol was sold in New Delhi for Rs 82.72/ litre.

Petrol price surpassed the Rs 91 mark in some Maharashtra cities and crossed the crucial Rs 90-mark in Mumbai on Monday. While a litre of petrol was sold for Rs 90.08 in Mumbai, rates soared to as much as Rs 91.91 in some districts of Maharashtra, reported news agency

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INR Vs USD: The rupee closed at 72.63 against the greenback on Monday.

The traded 15 paise lower at 72.78, after earlier falling 33 paise in early trade on Tuesday, against the US dollar, reported news agency Press Trust of India (PTI). The rupee was on course to close lower against the greenback for a third consecutive session. A surge in crude

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The data show demonetization didn't weed out black money or cash gained through illegal means

India's shock move to ban high-denomination currency notes almost two years ago caused much hardship, with limited benefits.

As the dust settles on the demonetisation episode, the data show it didn't weed out black money or cash gained through illegal

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SpiceJet has also announced new direct flights on domestic and international routes.

Amid high competition, airlines are coming up with new offers on flight tickets on domestic and international routes. Currently, GoAir is offering domestic flight tickets at a starting all-inclusive price of Rs. 999 under a special promotional offer. Jet Airways

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Stock Market on Tuesday: MSCI's broadest index of Asia-Pacific shares outside Japan edged down 0.2%.

The domestic equity markets swung between gains and losses on Tuesday ahead of the scheduled meeting of the Finance Minister Arun Jaitley with the chiefs of public sector banks. In early trade, the S-P BSE Sensex fell 240.92 points to 36,064.10

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Former BPCL Chairman RK Singh said state refiners had resorted to this strategy in the past.

NEW DELHI: With oil traders forecasting crude oil to rise to $100 a barrel by the end of the year, domestic refiners are considering cutting back their imports and relying more on cheaper crude already stored in inventories, according to industry

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Tickets are valid for 12 months from the date of commencement of the journey, said Jet Airways.

Jet Airways has introduced new domestic flights at a starting all-inclusive price of Rs 1,889, said the carrier on its official website- jetairways.com. Jet Airways discounted fares on new flights are applicable on one way journey in economy class on

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The IPO of Embassy Office Parks sets the stage for the country's first realty investment trust listing

Embassy Office Parks REIT filed for an initial public offering (IPO) consisting of a fresh issue worth up to Rs 5,250 crore ($722.84 million) on Monday, setting the stage for the country's first real estate investment trust listing.

The IPO will

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Stock markets plunged on Wednesday amid weakness, extending their losses to a fifth straight session. The BSE benchmark index Sensex plunged 536 points, or 1.5 per cent, to close at 36,305, while the NSE Nifty dropped 168 points, or 1.6 per cent, to end at 10,974. The 50-scrip index registered its biggest single-day percentage loss since March 16.

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The maturity period of PPF accounts is 15 years.

The government recently hiked interest rates on small savings schemes by up to 0.4 per cent for the October-December quarter, the Ministry of Finance said in a statement on Thursday. Under this revision, the interest rates on National Savings Certificate (NSC) and Public Provident Fund (PPF) have

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Mumbai: The government sought to calm markets on Monday but investors paid little heed as fears that the non-banking financial sector is facing a credit crunch hit domestic bonds, stocks and the rupee, adding to Friday's selloff.

Finance Minister Arun Jaitley tweeted that "the Government will take all measures to ensure that adequate liquidity is

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Domestic gold prices rose by Rs 100 per 10 grams on Monday, bucking the trend overseas. The weakness in the rupee against the US dollar along with buying by jewellers pushed the yellow metal prices higher, say analysts. In the global market, concerns on the US-China trade front and rising US interest rates have kept gold prices under pressure for

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Rupee is hovering near 73 against the US dollar since the past one week.

A fluctuating rupee, and introduction of various regulations to bring in transparency and accountability, are making real estate more lucrative for non-resident Indians (NRIs), experts say. Rupee is hovering near 73 against the US dollar since the past one week. "The drop in

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Mumbai: Facebook has poached the head of video streaming service Hotstar to take on the newly-created role of managing director of its Indian operations, as the social media giant faces pressure to tackle fake news and store more data locally.

Ajit Mohan will take up the role of managing director and vice-president of Facebook India, the company's

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Some analysts expect the RBI to conduct more open market bond purchases to add liquidity to market.

The government has vowed to support financial markets rocked by growing concerns of defaults by shadow banks.

The government will provide adequate liquidity to mutual funds and non-bank financial companies, Finance Minister Arun Jaitley said on

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On a weekly basis, Sensex closed at 36,841.60 points, lower by 1,249.04 points.

The domestic equity market's movement in the coming week will be driven by the rupee's movementas well as futures and options expiry, besides the message from the Finance Minister's meeting with the heads of public sector banks (PSBs).

Market analysts feel the indices

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The rupee declined by 43 paise on Monday amid strengthening of the US dollar overseas. The rupee closed at 72.63 against the greenback, breaking its two-day rising streak. Fresh concerns on the US-China trade concerns along with a selloff in the domestic equity markets weighed on the currency, according to analysts. Rising crude oil prices - with

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Only DHFL shares - out of a total of 16 housing finance companies' shares - traded in the green.

Housing finance company DHFL and construction major IL-FS, which supposedly led the sudden fall in markets on Friday, traded with gains on Monday. At 10:50 am, Dewan Housing Finance Limited or DHFL stock price was at Rs 403.60, up Rs 52.05 or 14.81

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Ayushman Bharat: All pre-existing conditions will be covered from day one of the policy.

Prime Minister Narendra Modi launched Centre's flagship Ayushman Bharat-National Health Protection Mission (AB-NHPM) from Ranchi on Sunday, reported news agency Press Trust of India (PTI). However, the scheme will now

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ITR filing by salaried taxpayers and those opting for presumptive income scheme surged 71% till August 31

New Delhi: The government Monday extended by a fortnight till October 15 the deadline for filing Income Tax Return (ITR) and audit report for financial year 2017-18.

The Central Board of Direct Taxes (CBDT) had received representations from

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There are liquidity concerns following default in repayment of loans by diversified IL-FS group.

NEW DELHI: Seeking to calm the nerves of worried investors, Finance Minister Arun Jaitley said Monday that the government would take all measures to ensure adequate liquidity for non-banking financial companies (NBFCs) and mutual funds. The

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Daughter's Day 2018: The government has raised interest rates offered on the Sukanya Samriddhi Scheme.

It's Daughter's Day today and the best gift that you can possibly gift your girl child is a financial security plan to make her present and future secure. The Sukanya Samriddhi Yojana is a savings scheme run by the government for girl children.

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A merger of Vijaya Bank, Dena Bank and Bank of Baroda would lead to business of Rs 14.8 lakh crore

Dena Bank said on Monday that its board of directors approved the merger of the state-run bank with peers Bank of Baroda and Vijaya Bank. The development came a week after the government proposed a plan to merge the three PSU banks, to create the

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INR Vs USD: Losses in domestic equities in volatile early trade also put pressure on the rupee.

MUMBAI: The rupee fell sharply by 29 paise to 72.49 against the dollar Monday as the greenback strengthened overseas.

Forex dealers said the greenback's strength against other currencies overseas, after reports that China had cancelled upcoming trade

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Petrol, Diesel prices today: Mumbai has the highest sales tax or value added tax (VAT).

Petrol and diesel prices scaled new peaks on Sunday as oil marketing companies (OMCs) raised the fuel rates across four metro cities. According to a price notification of state-owned fuel retailers, petrol prices in Delhi were increased by 17 paise per litre and

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New Delhi: The government is likely to increase import duties on precious stones, certain types of steel and electronics but will spare gold to prevent smuggling, a finance ministry official said on Monday.

The official, who declined to be named, told reporters the main reason for the planned increase in duties is to curb an inflow of items that

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Stock Market on Monday: Thirty-seven Nifty stocks out of a total of 50 were in the red.

The domestic equity markets extended their weakness by the afternoon session on Monday even as the government tried to calm investors worried over liquidity concerns of non-banking finance companies or NBFCs. At its day's

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SBI's BSBD account offers the same rate of interest as applicable to savings bank account

State Bank of India (SBI) offers certain accounts where average monthly balance (AMB) rule is not applicable. SBI's basic savings bank deposit (BSBD) account is a type of zero balance savings accounts and does not

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