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Business
Stock markets rose for a second straight session supported by strong buying across the sectors. Gains came amid positive movement in Asian peers after concerns on the US-China trade war front eased. BSE benchmark index Sensex closed 372 points higher at 38,090, while the NSE Nifty rose 145Â points to settle at 11,515. Strong advances in banking,
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Read more: Sensex, Nifty Surge For Second Session, But Finish Week Lower
Write comment (93 Comments)Moser Baer Solar, Divine Alloys - Power Co are some of the defaulters of PNB.
NEW DELHI: State-run Punjab National Bank (PNB) has put 21 non-performing assets (NPAs), or bad loan accounts, on sale to recover over Rs 1,320 crore with the e-bidding auction process slated later this month. PNB said in a notification earlier this week that its
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Read more: PNB Puts 21 Bad Loan Accounts On Sale To Recover Rs 1,320 Crore
Write comment (91 Comments)Startups have identified the gaps and created channels of smooth finance resource for micro entrepreneurs
New Delhi: It is a well-known fact that MSME (Micro, Small and Medium Enterprises) sector was suffering from dearth of finance, however, current year has given a much needed boost to the MSMEs in India. The ultimate aim of financial inclusion
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Read more: Five Fintech Firms That Offer Loans To Micro Entrepreneurs
Write comment (99 Comments)Fortis co-founder Shivinder Mohan Singh said on Friday that his request to withdraw the plea that he filed against his older brother Malvinder Mohan Singh was on Friday accepted by the court but also made it
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Read more: "Decision To Part Ways With Brother Stands," Says Fortis' Shivinder Singh
Write comment (94 Comments)Arora Enterprises Ltd had created NuMetal, alleges ArcelorMittal.
NEW DELHI: Steel and mining firm ArcelorMittal told the Supreme Court on Thursday that its rival bidder NuMetal was not eligible to bid for Essar Steel on several grounds, including that it was a "shell company" created by a firm in which Essar group promoters had majority shares.
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Read more: NuMetal A "Shell Company", Can't Bid For Essar Steel, Says ArcelorMittal
Write comment (95 Comments)The government had in 2016 banned about 350 such drugs.
New Delhi: The government has banned 328 combination drugs in a blow to both domestic and foreign pharmaceutical firms, but the ban has been cheered by health activists worried about growing antibiotic resistance due to the misuse of medicines. The Indian government had in 2016 banned about
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Read more: Government Bans 328 Combination Drugs In A Blow To Pharma Companies
Write comment (95 Comments)Bharti Airtel has also recently come up with a new prepaid recharge plan priced at Rs 289.
Telecom operator Bharti Airtel will offer Apple's latest products on Airtel's online store starting from September 28, 2018, said the company in a statement released today. The products that will be available includes iPhone XS, iPhone XS Max and iPhone XR.
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Read more: Airtel To Offer iPhone XS, iPhone XS Max From September 28. Details Here
Write comment (99 Comments)Fortis co-founder Shivinder Mohan Singh, who had earlier filed a petition against his older brother Malvinder Mohan Singh, citing "oppression and mismanagement", said on Thursday that he has now decided to withdraw
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Read more: Fortis Co-Founder Shivinder Singh To Withdraw Case Against Brother
Write comment (92 Comments)NEW DELHI: Steel minister Chaudhary Birender Singh said on Thursday he wanted the finance ministry to scrap the 2.5 per cent duty on imports of coking coal, a key steelmaking raw material, to limit input costs.
"We are pursuing a cut," Chaudhary Birender Singh told reporters. "We want to make it zero. It cannot be 2.5 per cent to 2 per cent."
Coking
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Read more: Steel Ministry Pursuing A Cut In Import Duty On Coking Coal
Write comment (98 Comments)New Delhi: The country needs to be extremely vigilant to check weakness in the rupee, and the task was to minimise volatility and avoid contagion to other macro policies, a member of the prime minister's economic advisory panel said on Friday.
Prime Minister Narendra Modi is set to meet officials on Saturday to decide ways to address the currency's
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Read more: Need To Be Vigilant Over Rupee: Member Of PM's Economic Advisory Panel
Write comment (95 Comments)Pradhan Mantri MUDRA Yojana has divided the loans it offers into three categories.
Pradhan Mantri MUDRA Yojana (PMMY) offers loans up to Rs 10 lakh to non-corporate, non-farm small/ micro enterprises. These loans are given by commercial banks, regional rural banks, small finance banks, cooperative banks, micro finance institutions and non-banking
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Read more: Mudra Yojana Offers up To Rs 10 Lakh-Loan: What It Means For You
Write comment (94 Comments)The flight between Kochi and Chennai is available at a starting price of Rs 2,322.
Vistara has announced better connectivity between Chennai, Kolkata, Delhi, Port Blair and Kochi at a starting all-inclusive price of Rs 2,322. The carrier is offering fourteen weekly flights from Chennai to Delhi and to Kolkata. The airline has also increased
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Read more: Vistara Offers Flight Tickets Starting From 2,322 Rupees
Write comment (92 Comments)Liquefied petroleum gas (LPG) sales increased 2.8 per cent to 2.11 million tonnes.
NEW DELHI: Fuel demand rose 0.8 per cent in August compared with the same month last year.
Consumption of fuel, a proxy for oil demand, totalled 16.60 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
Sales of
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Read more: Fuel Demand Advances 0.8% In August
Write comment (99 Comments)Advance income tax is paid in September, December and March, said the Income Tax Department.
The last day to pay second instalment of advance income tax for fiscal year ending March 2019 is on September 15. The Income Tax Department has been reminding people of paying the second instalment for advance income tax by the due date. Short/ non-payment/
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Read more: 3 Days Left To Pay 2nd Instalment Of Advance Income Tax For Fiscal 2019
Write comment (92 Comments)However, Air India's offer is only available on bookings made via carrier's website and mobile app only.
State-run Air India has come up with a discount offer on international flight tickets. Under the offer, Air India is offering 15 per cent discount on flight tickets to Bangkok, Hongkong and Singapore, said the airline on its official website -
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Read more: Air India Offers Discount On International Flight Tickets. Details Here
Write comment (96 Comments)WPI inflation in primary articles eased to 0.1% from 1.73% in the previous month.
Wholesale inflation stood at 4.53 per cent in August, government data showed on Friday. That marked the lowest level of price increase rate recorded since April this year. In July, wholesale inflation was at a four-year high of 5.09 per cent. Softening of food prices,
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Read more: Wholesale Inflation Eases To 4.53% In August, Lowest In 4 Months
Write comment (92 Comments)India is marking the 10th anniversary of the 2008 global financial crisis with its own mini-Lehman moment.
True to script, ratings companies have belatedly realized that the IL-FS Group - Infrastructure Leasing - Financial Services Ltd. and its associates - is woefully short of liquidity, with about $500 million in repayments coming due in
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Read more: Opinion: This Debt-Hit Group Is Behind India's Own Mini-Lehman Moment
Write comment (90 Comments)In July, trade deficit soared to a near five-year high of $18.02 billion.
New Delhi: India's exports grew by 19.21 per cent to $27.84 billion in August on account of healthy growth in petroleum shipments. "Export trade during August 2018 recorded at $27.84 billion, a positive growth of 19.21 per cent. Exports excluding Petroleum also reported a
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Read more: Trade Deficit At $17.4 Billion In August, Exports Up 19.21%
Write comment (93 Comments)Paytm's cashback offer on purchase of petrol, diesel is valid till August 1, 2019.
Amid rising prices of petrol and diesel in the country, mobile wallets are offering cashback and discount schemes on purchase of fuel. Petrol and diesel prices surged to record levels on Friday as oil marketing companies (OMCs) raised fuel rates across metro
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Read more: Paytm Offers Up To 7,500 Rupees Cashback On Petrol, Diesel
Write comment (97 Comments)Sovereign however remained steady at Rs 24,500 per piece of eight gram.
Gold fell marginally by Rs 25 to Rs 31,600 per 10 gram at the bullion market Thursday, dampened by scanty demand amid weak global cues, reported news agency Press Trust of India. Silver too shed Rs 10 at Rs 37,900 per kg due to reduced offtake by industrial units and coin
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Read more: Gold Prices Dip Marginally Today: 5 Things To Know
Write comment (93 Comments)INR vs USD: The rupee has been hitting multiple lows almost every day this month.
Forex markets are closed on Thursday on account of 'Ganesh Chaturthi', news agency Press Trust of India (PTI) reported. On Wednesday, the Indian currency closed sharply higher, cooling off from all-time lows registered in recent sessions. Rupee rebounded from the
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Read more: Forex Markets Closed Today: Key Things To Know
Write comment (97 Comments)Fuel prices today: Mumbai has the highest sales tax or VAT.
Petrol and diesel prices in the country continued their upward movement on Friday with rates hitting fresh highs as oil marketing companies (OMCs) increased fuel cost across metro cities. In Delhi, petrol price touched Rs 81.28 per litre, up from Rs 81 on Thursday, according to a price
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Read more: Petrol Prices Touch 88.67 Rupees In Mumbai, Diesel Rates Also Climb
Write comment (91 Comments)Tickets on internet can be booked from 00:20 hrs to 23:45 hrs on all days.
IRCTC (Indian Railway Catering and Tourism Corporation) offers online booking of tickets on its official website- irctc.co.in. Full fare tickets including Tatkal, child tickets, ticket for persons with disabilities, accredited press correspondents and senior citizens at
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Read more: IRCTC Ticket Booking: Reservation Process, Service Charges, Other Details
Write comment (99 Comments)Fuel prices today: Mumbai has the highest VAT of 39.12% on petrol.
Petrol and diesel prices surged to record levels on Thursday as oil marketing companies (OMCs) hiked fuel rates across metro cities, except in Kolkata where rates fell following the state government's decision of an excise cut. Petrol can be purchased at a price of Rs 81 per litre
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Read more: Petrol Prices Hit 81 Rupees In Delhi, Cut In Kolkata
Write comment (93 Comments)The Indian rupee strengthened by 50 paise to 71.68 against the US dollar in early trade in the forex market on Friday, reported news agency Press Trust of India (PTI). The rise in Indian currency is due to the government's
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Read more: Rupee Strengthens Against US Dollar: 10 Things To Know
Write comment (90 Comments)The upcoming sale will mark the fifth flash sale of JioPhone 2.
Reliance Jio today announced a flash sale of JioPhone 2 on September 20. The upcoming JioPhone 2 flash sale will begin at 12:00 pm on Thursday, September 20, according to the telecom company's website - jio.com. The upcoming sale will mark the fifth flash sale of JioPhone 2.
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Read more: Reliance Jio Announces JioPhone 2 Flash Sale: Details Here
Write comment (94 Comments)BSE benchmark index Sensex rose 304 points to close at 37,717 on Wednesday.
Domestic equity indices are closed on Thursday on account of Ganesh Chaturthi. Asian shares, which are open today, won a reprieve as news that the Trump administration has reached out to China for a new round of trade talks raised hopes that a deal could be struck in the
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Read more: Stock Markets Shut Today On Account Of Ganesh Chaturthi
Write comment (96 Comments)The rupee's recovery against the US dollar in early trade added to momentum.
Domestic equity indices opened on a positive note on Friday, with BSE benchmark Sensex reclaiming the 38,000-mark on heavy buying by domestic institutional investors as the industrial production grew at 6.6 per cent in July and retail inflation cooled to a 10-month low. At
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Read more: Sensex Jumps Over 300 Points, Nifty Above 11,450
Write comment (97 Comments)UMANG app allows you to track your PAN card application.
UMANG app, the one-stop shop to access more than 300 government services, has now started providing PAN cards or permanent account numbers, which is required for financial transactions like opening a bank account and filing income tax returns (ITR). UMANG app provides a unified platform where
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Read more: You Can Apply For PAN Card, Access Its Services Via UMANG App
Write comment (94 Comments)The median forecast of economists polled by Reuters for August was 3.86 per cent.
New Delhi: Retail inflation fell below the Reserve Bank of India's medium-term target in August, increasing the likelihood it will keep interest rates on hold in October after raising them at its past two meetings. Consumer prices rose 3.69 per cent from a year
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Read more: Consumer Inflation Hits 10-Month Low Despite Rupee Slide
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