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PPF accounts are an investment avenue with decent returns coupled with income tax benefits.

The interest rate on Public Provident Fund (PPF) account has been revised to 8 per cent for the October-December quarter, the Ministry of Finance said in a statement on Thursday. PPF accounts are an investment avenue with decent returns coupled with income

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The rupee has depreciated more than 13 per cent this year.

Forex markets are closed on Thursday on account of Muharram, reported news agency Press Trust of India (PTI). On Wednesday, the Indian rupee rose sharply against the US dollar to close at 72.37, breaking its two-day fall. That marked the best single-day gain since March 2017. Heavy dollar

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From tightening of norms on stocks and shortening of the time between a public offer and listing of shares, to reduction in fee charged by mutual funds from investors, market regulator Securities and Exchange Board of India (Sebi) on Tuesday announced a spree of changes in rules. The reform measures, announced by the regulator after a quarterly

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Interest rates on fixed deposits and recurring deposits are compounded quarterly.

The government has hiked interest rates on fixed deposits (FD) and recurring deposits - along with the interest rates on other small saving schemes - for the quarter ending December 2018. FD interest rates have been hiked across maturities of one year, two years,

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On Wednesday, domestic equity indices ended on a lower note.

Domestic stock markets are closed on Thursday on account of Muharram, reported news agency Press Trust of India (PTI). However, asian stocks, which are open today, rose in early trade, following a second day of gains on global share markets amid easing investor concern over the impact

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OYO would launch its first two UK hotels in Edgware and Ilford, says founder Ritesh Agarwal.

LONDON: OYO Hotels, the largest and fastest-growing hotel chain in the country, aims to shake up Britain's budget accommodation market with a franchising and marketing strategy to sign up 300 independent hotels before 2020, its founder told Reuters on

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Kisan Vikas Patra (KVP), a small savings scheme, now offers a higher rate of interest than what it used to offer before. The government has announced hikes in interest rates across small savings schemes such as Kisan Vikas Patra (KVP) by up to 0.4 per cent. From October 1, savings scheme KVP will offer an annual return of 7.7 per cent, according

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Detailed instructions including eligibility conditions and application format will be issued separately.

NEW DELHI: Taking cognizance of lack of long-term jobs, the Ministry of Labour and Employment on Wednesday said it has rolled out a scheme to financially support those who lost their jobs even as it relaxed norms for its other benefits. The

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IndiGo currently operates 13 daily flights between India and Dubai.

Budget passenger carrier IndiGo has announced the introduction of its first daily flight between Amritsar and Dubai, said the airline in a press release issued today. Additionally, the airline will also operate flights between Kolkata-Cochin and Bangalore-Pune. All these services

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Gold prices today: Sovereign gold remained steady at Rs 24,500 per piece of 8 grams.

Gold prices lowered by Rs 10 to Rs 31,650 per 10 grams at the bullion market on Thursday, reported news agency Press Trust of India (PTI). Weak demand from local jewellers amid subdued trend overseas led to fall in gold prices, said forex dealers. However, silver

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RBI liberalised some aspects of the external commercial borrowings policy.

MUMBAI: The Reserve Bank of India (RBI) on Thursday liberalised some aspects of the external commercial borrowings (ECBs) policy including those related to rupee-denominated bonds to help check rupee depreciation. "It has been decided to allow eligible ECB borrowers who are

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Sovereign remained flat at Rs 24,500 per piece of eight gram.

Gold prices rose by Rs 50 to Rs 31,660 per 10 gram at the bullion market on Wednesday, reported news agency Press Trust of India (PTI). According to traders, gold prices advanced today in tandem with a firming trend overseas amid persistent buying by local jewellers. Dollar weakened

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The arrest was made by the Mumbai police late on Wednesday (Representational image)

Kaushik Chatterjee, a former employee of Mumbai-based Capri Global Capital, was arrested late on Wednesday on allegations of fraud. His arrest came after a police complaint filed by Capri Global Capital alleged fraud worth more than Rs 4.5 crore against Mr

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SEBI had announced last year that from October 2018, the country would have a unified exchange regime.

MUMBAI: Leading stock exchanges BSE and NSE have received the securities market regulator SEBI's approval to offer platforms for commodity derivatives trade from October 1, 2018.

The exchanges would begin trading in commodity derivatives with

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Stock Market on Wednesday: Consumer stocks fell over 1% as 13 out of 15 stocks fell.

The domestic stock markets ended lower on Wednesday. The S-P BSE Sensex settled at 37,121.22, down 169.45 points or 0.45 per cent and the Nifty50 index of the National Stock Exchange (NSE) ended at 11,234.35, with a loss of 44.55 points or 0.39 per cent. The

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The rupee is Asia's worst performing currency this year.

India is likely to announce on Thursday curbs on imports of "non-essential" items to support the rupee, two government sources said, as Prime Minister Narendra Modi's administration scrambles to tackle growing concerns over the economy.

A third government source said India may raise import

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India Post, which runs the postal network of the country, offers a total of nine saving schemes.

India Post, which runs the postal network of the country, offers nine saving schemes. Saving schemes in post offices offer interest rates between 4 per cent and 8.3 per cent, according to India Post's website, indiapost.gov.in. The lowest interest rate

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WOW air flight tickets from Rs 13,499 for several destinations are one-way fares via Iceland.

Iceland's WOW air is offering flight tickets for the US, Canada and Iceland from Rs 13,499 in a special offer, the airline said. WOW air flight tickets from Rs 13,499 for several destinations are one-way fares via Iceland, the low-fare, long-haul airline,

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SpiceJet operates 412 average daily flights to 55 destinations.

SpiceJet has announced new direct flights on domestic and international routes, said the carrier on its official website- spicejet.com. The new flights will run between Mumbai and Kanpur, Delhi and Kishangarh, Hyderabad and Bangkok, Amritsar and Bangkok, Delhi and Shirdi, Kolkata and

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The RBI had allowed Rana Kapoor to continue as managing director and CEO of Yes Bank till further notice

Yes Bank said on Wednesday that Rana Kapoor received approval from the Reserve Bank of India (RBI) to continue as its CEO and managing director till January 31 next year. However, he had sought a three-year extension till August 31, 2021,

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MobiKwik's flash offer is only valid till 9 pm on Wednesday.

MobiKwik, a digital financial services platform, is offering fifty per cent discount on petrol prices today, a press release issued by the company said. MobiKwik's flash offer is only valid till 9 pm on Wednesday. Under this one-day offer on petrol prices, MobiKwik users can use SuperCash

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Fuel prices are not uniform across the country due to variable state taxes.

NEW DELHI: Many Indians are switching off air conditioners in cars and going to gas pumps across state borders in a bid to save money, as petrol prices across the country hover at record-high levels. Protests against high petrol and diesel prices paralysed many parts of the

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New Delhi: The Income Tax Department on Wednesday began inspection of the books of crisis-hit Jet Airways for alleged falsification of accounts and suspicious transactions, sources said.

The full service carrier, which is grappling with financial woes, is already under the scanner of markets regulator Sebi and the Corporate Affairs Ministry for

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On Tuesday, the rupee skidded by 46 paise to settle at 72.97 against US dollar.

India's steel ministry has proposed increasing the effective import duty on some steel products to 15 percent from current rates ranging from 5 percent to 12.5 percent, according to two sources and a government document reviewed by Reuters, as the country looks to

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Small savings schemes: Term deposits of one-three years will fetch 0.3% higher interest rate.

The government on Thursday announced new interest rates on small savings schemes, including National Savings Certificate (NSC) and Public Provident Fund (PPF). The interest rates for small savings schemes were hiked by up to 0.4 per cent for the

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Samara will buy 51% of More, while Amazon will have the rest.

Amazon.com Inc and domestic private equity firm Samara Capital have bought Aditya Birla Group-owned 'More' retail chain for an enterprise value of Rs 4,200 crore ($580.35 million).

Amazon's latest acquisition adds more heat to the US e-commerce giant's battle with Walmart Inc in the

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The rupee shrugged off the government's supportive measures to plunge to a fresh record

India's central bank has enough reserves to defend the rupee, according to the State Bank of India and Nomura Holdings Inc., as the currency shrugged off the government's supportive measures to plunge to a fresh record.

The Reserve Bank of India can sell an

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Fuel prices today: Petrol and diesel prices vary from state to state due to local levies.

Oil marketing companies (OMCs) raised petrol prices in four metropolitan cities on Thursday while the rates of diesel were kept stagnant for second consecutive day. Petrol prices witnessed 6 paise per litre hike in Delhi, Mumbai and Kolkata. The rate was

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INR Vs USD: The rupee is down more than 13% against the US dollar so far this year

The rupee rose sharply against the US dollar to close at 72.37 on Tuesday, breaking its two-day fall. That marked the biggest single-day recovery in the rupee since March 14, 2017. The upmove in the rupee came on a day the

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Fuel prices today: Diesel was selling at a price of Rs. 73.87 per litre in Delhi.

The oil marketing companies (OMCs) kept the fuel rates unchanged on Wednesday across four metro cities after increasing the prices for six consecutive days. Petrol can be purchased at a price of Rs. 82.16 per litre in Delhi, according to a price notification of

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