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Business
Share Market on Monday: IT stocks, were however, positive with a gain of 0.36% on weak rupee.
The domestic stock markets extended their weakness even after the government announced measures to address the fall in the rupee amid high crude oil prices. At 9:32 am, the 30-share Sensex traded at 37,751.92, with a loss of 338.72 points, or 0.89 per
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Read more: Sensex Trades Below 38,000; Banks, Financial Stocks Lead Fall
Write comment (92 Comments)The railways has finally decided to substantially revise its flexi-fare policy after two years of indecision, with the file now awaiting the approval of Railway Minister Piyush Goyal, sources have said.
Ahead of the general elections, the revision will entail a huge relief for passengers who, under the scheme, sometimes have to pay at par with
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Read more: Indian Railways To Soon Revise Flexi-Fare Policy, Relief For Passengers: Sources
Write comment (91 Comments)A credit card may be issued for free, but may attract an annual renewal fee.
Banks today provide several types of credit cards that offer different features. From lifestyle- or entertainment-focused credit cards, wherein the credit card user earns reward points and discounts on movie tickets, or gets deals on shopping of apparels, to credit cards
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Read more: How To Use Credit Cards Wisely: 5 Points
Write comment (91 Comments)The government measures will have a sentimental impact on the market, said report.
The government's rupee depreciation arresting measures announced Friday may not drive fund inflows and are a negative from a longer term perspective as they increase short term debt, a HDFC Bank report has said. "Considering that most of the measures aim at
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Read more: 'Centre's Steps To Stem Rupee Fall To Have Long-Term Negative Impact'
Write comment (92 Comments)Assuring that the effects of GST (Goods and Services Tax) are settling down and that consumption is picking up, Finance Minister Arun Jaitley said on Saturday that the economy will post a high growth or gross
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Read more: Centre Confident Of High Growth, Meeting Fiscal Deficit Target: 10 Points
Write comment (95 Comments)PM Modi was briefed by RBI Governor and finance ministry officials on the economy, Arun Jaitley said.
The government has decided to cut non-essential imports and increase exports amid a widening current account deficit (CAD), sliding rupee and soaring crude oil prices, Finance Minister Arun Jaitley said on Friday. The government, in a meeting
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Read more: Centre Removes Restrictions On Masala Bonds To Contain Rupee, Trade Gap
Write comment (95 Comments)The current net debt stands at Rs 15,000 crore.
Aditya Birla Group flagship Hindalco Industries will seek shareholders' approval for the issue of non-convertible debentures (NCDs) on private placement basis for aggregating Rs 6,000 crore at its forthcoming annual general meeting (AGM) next week.
The company seeks shareholders' approval for
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Read more: Hindalco To Seek Shareholders' Approval For 6,000 Crore Rupees NCDs
Write comment (93 Comments)The rupee is close to its intrinsic value of around 72 per US dollar and the time is ripe for policy intervention to check further depreciation of the Indian currency, according to Yes Bank. "Time is right for policy intervention to anchor the sentiment and check rupee depreciation. Currently, the rupee is tracking closer to its intrinsic value,"
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Read more: Rupee Close To 72-level, Time Ripe For Policy Intervention: Yes Bank
Write comment (98 Comments)PM Modi is also likely to discuss issues related to fiscal discipline.
NEW DELHI: As rupee continues to weaken and fuel prices soar to record levels, Prime Minister Narendra Modi on Friday met Finance Minister Arun Jaitley and top Finance Ministry officials to review the economic scenario. PM Modi will hold another economic review meeting with key
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Read more: PM Modi Meets Arun Jaitley Amid Sliding Rupee, Rising Fuel Prices
Write comment (91 Comments)The scheme approved initially for one year has been extended up to March 31, 2019.
Over 15 per cent of the 54.95 lakh houses sanctioned in last three years under the Centre's flagship Pradhan Mantri Awas Yojana (Urban) have been completed, according to data provided by the Housing and Urban Affairs (HUA) Ministry. While the government has set a
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Read more: PMAY Scheme: 15% Houses Completed In Urban Areas In 3 Years
Write comment (92 Comments)State Bank of India (SBI) offers current bank account for users like firms, companies, public enterprises, businessmen, etc. According to SBI, current bank account is a form of demand deposit where withdrawals are allowed any number of times
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Read more: SBI's Current Bank Account: Minimum Average Balance And Other Details
Write comment (93 Comments)SBI IMT service: Beneficiary registration can be done both prior to or after IMT.
If you want to make instant transfers across distances, SBI has an instant solution. SBI or State Bank of India, the largest lender of the country with 22,500 branches in India and 59,000 ATMs offers a facility of instant money transfer (IMT) via which you can
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Read more: SBI Instant Money Transfer Facility Details Explained Here
Write comment (99 Comments)The states' fiscal deficit is primarily financed by issuing state development loans (SDLs).
Funding of farm loan waivers, poll-related spending and other populist measures are likely to ensure that states are set to miss their fiscal consolidation targets budgeted at the beginning of the year, says a report. "Given the factors such as funding of
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Read more: States Set To Miss Fiscal Targets In FY19, Says ICRA
Write comment (97 Comments)Online payment can be made by using all Master/Visa /Amex cards.
IRCTC (Indian Railway Catering and Tourism Corporation), the e-ticketing arm of Indian Railways, offers online booking and payment from the comfort of homes and offices. A maximum of 6 tickets can be booked by an Individual user in a month from IRCTC's website or app. However, the
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Read more: IRCTC Ticket Reservation: 5 Things To Know About Online Payment Methods
Write comment (93 Comments)Forex reserves slip below $400-billion mark for the first time in over a year.
MUMBAI: The country's forex reserves declined by $819.5 million to $399.282 billion for the week to September 7 -- slipping below the $400-billion mark for the first time in over a year, Reserve Bank data showed Friday. This is the second consecutive week of major fall
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Read more: Forex Reserves Slump Below $400 Billion Level
Write comment (96 Comments)These special fares flight tickets can be availed through respective airline's website/app.
Amid high competition, airlines are offering flight tickets at discounted rates on select routes. Currently, Jet Airways is offering 15 per cent discount on domestic flights tickets in premiere and economy classes. Jet Airways' offer is applicable on one way
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Read more: Vistara, Jet Airways, GoAir Offer Discount On Flight Tickets. All Details Here
Write comment (93 Comments)Advance tax refers to paying a part of yearly taxes in advance, instead of lump sum payment at year end.
Only one day is left to pay second instalment of advance income tax for fiscal year ending March 2019. Advance tax refers to paying a part of yearly taxes in advance, instead of lump sum payment at year end. These payments have to be made in
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Read more: Deadline For Paying Second Instalment Of Advance Income Tax Ends Today
Write comment (94 Comments)Fixed deposit or FD interest rates and tenors vary according to different lenders.
A fixed deposits or FD is a fixed income financial instrument which provides a higher interest rate than savings account and offers fixed rate of return. Fixed deposits can be started for specific period, which can be as short as 45 days. However, fixed deposit or FD
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Read more: FD Interest Rates: SBI Vs HDFC Bank Vs ICICI Bank Vs BoI
Write comment (94 Comments)The Mumbai-based bank had raised Rs 540 crore in June 2016.
State-run Bank of India is looking to raise nearly Rs 1,000 crore through selling stake in some of its non-core assets and real estate properties. The bank expects to raise around Rs 800 crore through sale of its stake in non-banking finance company - STCI Finance - and in Sidbi, by the
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Read more: BOI Aims To Raise Rs 1,000 Crore Via Sale Of Non-Core Assets, Real Estate
Write comment (92 Comments)India is considered world's second-biggest gold consumer.
Snapping two-day losing streak, Gold prices recovered marginally by Rs 20 to reach Rs 31,420 per 10 grams at the bullion market on Saturday, reported Press Trust of India (PTI). The rise in gold prices came on scattered buying by local jewellers even as the metal weakened overseas. According
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Read more: Gold Prices Rise Marginally, Silver Rates Fall: 10 Things To Know
Write comment (97 Comments)The rupee gained 35 paise against the US dollar to end at 71.84 on Friday, moving away from record lows registered in recent sessions. That marked a second day of recovery in the rupee against the greenback after the Finance Ministry said the government and the central bank would do "everything" to ensure that rupee does not slide to "unreasonable
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Read more: Rupee Moves Higher Against Dollar For Second Day, Returns To 71 Levels
Write comment (94 Comments)The direction of foreign fund flows is likely to impact the trajectory of equity market.
The Central government's measures to arrest the drastic fall in rupee are expected to steer the equity market trajectory next week.
In addition, market observers opined that high crude oil prices along with global cues on trade protectionist measures will impact
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Read more: 'Measures To Stabilise Rupees, High Crude Oil Prices To Drive Markets'
Write comment (94 Comments)The booking period of the offer ends on September 16, 2018.
GoAir is offering flight tickets at a starting price of Rs 974 under its promotional 'Weekend Sale. The booking period of the offer ends on September 16, 2018. The travel period of the scheme is applicable till March 31, 2019, as mentioned on GoAir's official website- goair.in. "Upgrade
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Read more: GoAir Offers Flight Tickets From Rs 974. Details Here
Write comment (93 Comments)Customers can plan their travel by booking flights through IndiGo's official website.
Budget passenger carrier IndiGo has announced the launch of its fifth service to Singapore with the commencement of its additional services from Kolkata and Tiruchirappali, said the airline in a press release issued today. The new flight services will start from
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Read more: IndiGo Announces Additional Daily Services. Check Routes, Schedule Here
Write comment (92 Comments)The new provision has been proposed by the Railway Protection Force.
Against the backdrop of online ticketing scams, railways is mulling an amendment to the Railways Act, 1989 to include a provision of penalising those committing e-ticketing frauds, sources said. The proposed amendment has suggested a fine of more than Rs two lakh for the offence,
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Read more: 'Railways Act May Include A Provision To Check Online Ticketing Frauds'
Write comment (95 Comments)A Singapore-based forex dealer said the measures would not do much to bolster the rupee.
The Indian government late on Friday announced a slew of steps aimed at stemming a steep decline in the rupee, which has fallen rapidly this year, and it left the door open to announcing more measures.
After an economic review meeting chaired by Prime Minister
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Read more: Government Announces Measures To Stabilise Rupee
Write comment (92 Comments)JLR's product portfolio is also heavily biased towards diesel.
Fitch Ratings has revised the outlook on the Tata-owned marquee auto firm Jaguar Land Rover, which is facing Brexit and currency headwinds, to negative from stable, but affirmed ratings on its debt at BB+. After being the cash-cow for Tata Motors since 2010, JLR reported a net loss in
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Read more: Fitch Revises Outlook On Jaguar Land Rover To Negative
Write comment (96 Comments)Fuel prices today: Dealer's commission on petrol currently is Rs. 3.34 per litre.
Fuel prices in the country hit a new benchmark on Sunday after oil marketing companies (OMCs) increased the rates of petrol and diesel once again. Petrol is available in Mumbai today at a price of Rs 89.29 per litre. In Delhi and Chennai too, petrol prices have
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Read more: Fuel Prices Continue To Rise: Check Latest Rates Of Petrol, Diesel
Write comment (95 Comments)Petrol, Diesel prices today: On Thursday also, fuel prices were raised by the OMCs.
Domestic fuel rates scaled new highs on Saturday as petrol, diesel prices were hiked once again by the oil marketing companies (OMCs). In Delhi, petrol is available at a price of Rs. 81.63 per litre. A litre of petrol is selling today at a price of Rs. 89.01 per
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Read more: Fuel Prices Continue To Rise Across Cities. Check Rates Here
Write comment (95 Comments)Gold prices fell by Rs 200 to Rs 31,400 per 10 gram at the bullion market on Friday, reported news agency Press Trust of India (PTI). The dip in gold prices is due to weak demand from jewellers and retailers even as the metal
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Read more: Gold Prices Slip Today, Silver Rates Also Fall: 10 Things To Know
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