Business

INR Vs USD: On Tuesday, the rupee skidded by 46 paise to settle at 72.97.

The Indian rupee rebounded from its all-time low by rising 28 paise to 72.70 against the US dollar in early trade on Wednesday at the Interbank Foreign Exchange market, reported news agency Press Trust of India (PTI). The Indian

Details
Category: Business

Write comment (92 Comments)

Stock market on Tuesday: Declines in banking, metal, auto and energy stocks dragged the indices lower

The stock markets extended losses to a second straight day, with the Sensex closing 294 points lower on Tuesday. The weakness in the domestic equity markets was in line with global peers amid worsened trade tensions between the US and China. The

Details
Category: Business

Write comment (96 Comments)

GoAir said the fares are applicable on a travel period between October 1 and October 20

GoAir has announced domestic flight tickets priced from Rs 799 in a limited-period offer. The latest promotional scheme from the airline comes amid high competition among carriers in the country's civil aviation sector. In order to avail the special

Details
Category: Business

Write comment (99 Comments)

Share markets on Wednesday: Positive global cues kept the indices positive.

Domestic stock indices opened on a positive note on Wednesday on value-buying in recently battered stocks amid strength in the rupee and positive global cues. At 10:02 am, the S-P BSE Sensex advanced 105.54 points or 0.28 per cent to trade at 37,396.51. The broader Nif

Details
Category: Business

Write comment (100 Comments)

RCom, part of billionaire Anil Ambani-led Reliance Group, owes over Rs 40,000 crore to a group of lenders

Billionaire Anil Ambani announced on Tuesday that the cash-strapped Reliance Communications will be completely exiting the telecom business to concentrate on real estate in future. The first priority for RCom, which is credited for

Details
Category: Business

Write comment (98 Comments)

Investment in a fixed deposit account earns a range of interest rates. The interest rate on deposit in a fixed deposit or FD account today depends on factors such as the bank, the amount of investment and the maturity period. While most banks today offer higher interest rates to senior citizens than the general public, the investor can choose from

Details
Category: Business

Write comment (97 Comments)

Mumbai: Unveiling more reform measures for the securities market, market regulator Sebi or Securities and Exchange Board of India on Tuesday announced revised KYC (Know Your Customer) norms for foreign investors, reduction in the listing time after a public offer to three days, and lower charges levied by mutual funds from investors.

In a

Details
Category: Business

Write comment (91 Comments)

Infosys co-founder Narayana Murthy had objected to the payout to Rajiv Bansal.

Infosys said on Monday that a tribunal has ruled in favour of ex-chief financial officer (CFO) Rajiv Bansal's severance package, rejecting the company's claim for a refund. According to the arbitral tribunal's order, the IT

Details
Category: Business

Write comment (94 Comments)

Bank of Baroda's network strength will enable customers of the other two banks to have global access

The government said on Monday announced a plan to merge three state-run banks. Dena Bank, Vijaya Bank and Bank of Baroda will be merged to create the third largest bank in the country, as part of efforts to

Details
Category: Business

Write comment (90 Comments)

Mumbai: Hours after an official of securities market regulator Sebi or Securities and Exchange Board of India said that ICICI Bank has filed for settlement through consent mechanism, the private lender denied filing any such application. The stock market regulator provides for an out-of-the-court settlement procedure to settle cases - called

Details
Category: Business

Write comment (93 Comments)

In the last decade, IBM has fired thousands of people to cut costs and retool its workforce.

A lawyer known for battling tech giants over their treatment of workers has set her sights on International Business Machines Corp. Shannon Liss-Riordan on Monday filed a class-action lawsuit in federal court in Manhattan on behalf of three former IBM

Details
Category: Business

Write comment (93 Comments)

The rupee is down 13% against the dollar so far this year

The rupee declined sharply against the US dollar on Monday, snapping gains registered in past two consecutive sessions. The rupee fell 67 paise to close at 72.51 against the greenback. The decline came after weekend announcement by the government to

Details
Category: Business

Write comment (92 Comments)

Small finance banks pay interest rates in a range of 4-9.5% in fixed deposit (FD) accounts

Small finance banks often pay higher interest rates on fixed deposits than their larger peers. While commercial banks, such as State Bank of India (SBI), ICICI Bank and HDFC Bank, pay interest rates to the tune of 3.5-7.75 per cent on term deposits - or fixed

Details
Category: Business

Write comment (94 Comments)

Bank merger: Earlier, Bank of Baroda shares fell as much as 14%.

Bank of Baroda shares fell over 11 per cent after earlier losing as much as 11 per cent in Tuesday's trade after the government announced its merger with smaller peers Dena Bank and Vijaya Bank, both of which gained. At 11:00 am, Bank of Baroda shares traded at Rs 120.10, down Rs

Details
Category: Business

Write comment (92 Comments)

IndiaRatings said it has observed a spurt in asset quality stress building up in non-corporate loans.

MUMBAI: Banks are witnessing a spurt in asset quality stress in the non-corporate segment and the overall loan loss provisions for lenders are expected to stay elevated till fiscal year 2019-20, a report said. The outlook on private sector banks,

Details
Category: Business

Write comment (91 Comments)

Mumbai: Investors have increased bets that the Reserve Bank of India (RBI) will need to raise interest rates at least two more times this year to shore up the battered rupee after previous efforts to defend the currency failed to sway markets.

The government's latest measures to support the rupee announced last week were particularly underwhelming

Details
Category: Business

Write comment (92 Comments)

It was as a newspaper-office intern in New Delhi in 1992 that I witnessed the birth of India's homegrown belt-and-road initiative. The program was midwifed by an up-and-coming lender that few had then heard of: Infrastructure Leasing - Financial Services Ltd.

It wasn't called belt-and-road, a term that would gain currency much later as a

Details
Category: Business

Write comment (93 Comments)

old and Silver Rates Today: A weak rupee and strong global cues pushed gold prices down.

A weak rupee and strong global cues pushed gold prices down for a second straight day on Monday. Silver prices also rose backed by increased offtake by industrial units and coin makers. Experts expect gold rates to gain as long as the rupee will continue to

Details
Category: Business

Write comment (93 Comments)

Bhubaneswar: National Aluminium Co Ltd plans to invest Rs 5,520 crore ($756.4 million) in Odisha to expand capacity, a government statement said on Tuesday.

The company plans to manufacture aluminium products and a proposal has been sent to a panel headed by the state's chief minister for approval, the statement added.

Odisha has received investment

Details
Category: Business

Write comment (97 Comments)

INR VS USD: The rupee gained 10 paise to 72.41 against the US dollar.

The rupee recovered after opening lower at 72.65 against the US dollar on Tuesday, reported news agency Press Trust of India (PTI). The rupee gained 10 paise to 72.41 against the US dollar amid volatility in early trade on fresh selling of the US currency by exporters and banks. 

Details
Category: Business

Write comment (92 Comments)

Stock markets registered sharp losses on Monday, with the BSE Sensex ending 505 points lower against its previous close. While the BSE benchmark index Sensex settled at 37,585, the NSE Nifty plunged 137 points to end at 11,377. The sharp losses in the markets came after the announcement of steps by the government to stem the steep decline in the r

Details
Category: Business

Write comment (100 Comments)

Vistara on Tuesday announced a discount up to 75 per cent on flight tickets in a limited-period offer. Under a 24-hour flash sale, called "Fly With The Best", the airline said it is offering flight tickets priced from an all-inclusive Rs 999 on select routes. The starting fare of Rs 999 is on economy class bookings, the airline said in a

Details
Category: Business

Write comment (99 Comments)

INR Vs USD: Rupee depreciation will obviously raise prices of imported goods, says IMF spokesperson.

WASHINGTON: Compared to December 2017, the real effective depreciation of Indian rupee is between six and seven per cent, says an IMF estimate. Broadly since the beginning of the year, Indian rupee "has lost about 11 per cent of its value in nominal

Details
Category: Business

Write comment (94 Comments)

AirAsia's offer on flight tickets begins from Monday.

AirAsia India said that it is offering flight tickets from Rs 500 in a special offer on all its routes to 21 domestic destinations. AirAsia's offer on flight tickets begins from Monday, the airline was quoted as saying in a report by news agency Indo-Asian News Service (IANS). AirAsia's offer on

Details
Category: Business

Write comment (95 Comments)

The rupee is down over 14% against the American currency so far this year

The rupee plunged further against the US dollar, to close 46 paise lower at a record 72.97 on Tuesday. That marked a fresh all-time closing low registered by the rupee against the greenback. Extended weakness in the rupee came on the

Details
Category: Business

Write comment (91 Comments)

Thirty-two out of 50 Nifty stocks gained in trade.

The domestic stock markets started Tuesday's session on a positive note. The S-P BSE Sensex opened at 37,660.19 and the Nifty50 index of the National Stock Exchange (NSE) at 11,381.55. At 9:20 am, the 30-share Sensex was up 96.08 points or 0.26 per cent to 37,681.59 and the 50-share Nifty

Details
Category: Business

Write comment (96 Comments)

Karnataka government on Monday cut petrol and diesel prices by Rs 2 per litre.

The Karnataka government on Monday cut petrol and diesel prices by Rs 2 per litre, even as rates in some parts of Maharashtra crossed Rs 90. Chief Minister HD Kumaraswamy said that he hoped the move will give some relief to consumers.

"Everyday fuel prices are increasing.

Details
Category: Business

Write comment (92 Comments)

Gold prices shrugged off weak global cues to gain amid recovery in the rupee.

Gold prices on Tuesday shrugged off weak global cues to gain amid recovery in the rupee and festive season demand in the local market. Silver prices also advanced due to increased offtake by industrial units and coin makers. In the international market, however, gold

Details
Category: Business

Write comment (99 Comments)

Finance Minister Arun Jaitley attributed the fall in rupee to oil prices and US-China trade war

New Delhi: As the rupee weakened against the US dollar and markets closed deep in the red on Monday despite a series of measures announced by the government over the weekend, Finance Minister Arun Jaitley said it was due to global phenomena occurring

Details
Category: Business

Write comment (92 Comments)

On Friday, the rupee ended 35 paise higher against the US dollar at 71.84.

The rupee, on Monday, fell 81 paise against the US dollar to 72.65 even as the government announced measures to curb its fall, reported news agency Press Trust of India (PTI). The rupee fell amid reports that the US could announce a new round of tariffs on Chinese imports

Details
Category: Business

Write comment (98 Comments)