Business

Budget passenger carrier IndiGo resumed normal flight services to and from Cochin international airport from Wednesday, said a press release issued by the carrier. The relief flights operating from Naval base are discontinued now.  The relief flights were added by the

The rupee plunged by 49 paise against the dollar to close at 70.59 on Wednesday. That marked the steepest fall in the rupee against the greenback in about two weeks. Weakness in other Asian currencies and strong month-end demand for the dollar back home led the decline in the rupee. During Wednesday's session, the rupee shed as much as 55 paise to

Diesel prices hit a new high in four metros across the country on Wednesday. The artes of both petrol and diesel were marginally hiked today for a fourth straight day by Oil Marketing Companies (OMCs). Diesel can be bought today at Rs. 69.75 per litre in Delhi.

Extending its fall to a second straight session, the rupee declined 15 paise to close at a record 70.74 against the dollar on Thursday. That marked the weakest closing level for the rupee against the US currency. Sustained month-end dollar demand from importers and rising crude oil prices dragged the rupee lower against the greenback. During the

Jet Airways on Wednesday announced that it will introduce 28 new flights in the coming month. The airline also said in its statement that it is set to commence flight operations between Chandigarh and Lucknow, between Ahmedabad and Jodhpur, as well

The Indian rupee collapsed to a lifetime low of 70.52 by plunging 42 paise against the US dollar on strong month-end demand for the American currency amid foreign fund outflows, reported news agency Press Trust of India (PTI). The Indian currency was hurt by fresh demand for the

Alphabet Inc's Google rebranded its digital payment platform app, Tez, as Google Pay. According to a report of news agency Reuters, Google said it is partnering with a handful of Indian banks to bring quick loans to the masses, as it aims to woo millions of new

Gold slipped by Rs 70 to Rs 31,080 per 10 grams due to sluggish demand from jewellers and weak global cues, reported news agency Press Trust of India. Silver too lost Rs 170 to Rs 38,300 per kg due to reduced offtake by industrial units and coin makers. Traders said apart from a

Banks require their customers to maintain a certain monthly or quarterly average of deposit in their savings bank accounts. Failing to comply with the monthly average balance or MAB rules - or minimum balance rules - set by the banks attracts penalty charges applicable to the customer. Savings account holders are required to maintain a monthly

Diesel prices hit a record new high in four metros across the country on Thursday. Oil Marketing Companies (OMCs) marginally increased the prices of both petrol and diesel today. The rates were also increased on Wednesday. The surge in fuel prices is largely attributed to the recent

Only three days are left to file income tax returns (ITR) for assessment year 2018-19 (financial year 2017-18). It is compulsory for individuals who earn a specified amount of annual income to file ITR within a pre-determined due date. Filing the income tax return after the

Domestic stock markets opened on a flat note on Wednesday, tracking mixed global cues. The S-P BSE Sensex slipped 31.53 points or 0.08 per cent to trade at 38,865.10. The broader Nifty50 tripped 0.35 points or 0.00 per cent to trade at 11,738.15. Asian shares crept

The Indian rupee today fell further by 23 paise against the US dollar to trade at a lifetime low of 70.82, reported news agency Press Trust of India (PTI). The free fall of Indian currency continued today on strong month-end demand for the US currency amid sustained

After registering record highs for two consecutive sessions, domestic markets closed in the red on Wednesday. BSE benchmark index Sensex fell 173.70 points, or 0.45 per cent, to close at 38,722.93, while the broader NSE Nifty50 shed 46.60 points to end

The Income Tax Department on Tuesday extended the due date for filing income tax return (ITR) by fifteen days for assessees in Kerala. The Central Board of Direct Taxes (CBDT), which is the apex policymaking body of the Income Tax Department, said

The domestic stock market opened on a flat note on Thursday after investors turned cautious ahead of August futures and options expiry today amid mixed cues from other Asian markets. At 10:26 am, the S-P BSE Sensex dropped 41.31 points or 0.11 per cent to

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the release of an additional 2 per cent increase in Dearness Allowance (DA) to central government employees and Dearness Relief (DR) to pensioners, according to a press release issued by the

Major banks across the country offer an interest rate ranging from 4 to 7.75 per cent on fixed deposits of up to Rs 1 crore for a term lower than five years. India Post, which has a network of more than 1.5 lakh post offices across the country,

Mumbai: Reliance Infrastructure (RInfra) today said it has completed the Rs 18,800-crore deal for sale of its Mumbai energy business to Adani Transmission, which will help it pare debt by two-thirds to Rs 7,500 crore. Company chairman Anil Ambani announced the

New Delhi: The Cabinet on Wednesday approved additional 2 per cent hike in Dearness Allowance (DA) and Dearness Relief (DR), a move that will benefit about 1.1 crore central government employees and pensioners, an official release said. The impact on the exchequer on account of both DA and DR would be Rs

GoAir is all set to fly international from October, with the first flight to operate on the Mumbai-Phuket route, a source privy to development said. The bookings for the maiden international flight will commence soon and an announcement to this effect is expected to be made by Thursday, the source said. 

Mumbai-based GoAir, which became eligible to

Indore: The public sector banks had reduced their non-performing assets (NPAs) by Rs 64,106 crore in the last financial year through actual recoveries, revealed an RTI query.

However, the reduction seems to be insignificant given the fact that gross NPAs of state-run banks at the end of FY18 stood at Rs 8,95,601 crore.

As per Reserve Bank of India

Kerala Floods: Insurance companies have also started processing flood related claims.

The rupee rose mildly against the US dollar to close at 70.10 on Tuesday. That marked a recovery of 6 paise against the greenback, compared to the all-time closing low of 70.16 registered in the previous session. Selling of the US currency by exporters

Mumbai: The Reserve Bank of India (RBI) today said transfer of surplus to the government rose by 63.08 per cent to Rs 50,000 crore during the financial year ended June 30, 2018. It had transferred a surplus of Rs 30,659 crore to the government in financial

The king spoke, and a $2 trillion dream went up in smoke. For the past two years, Saudi Arabia has prepared to place up to 5 percent of its national oil company on the stock market. Officials talked up the Saudi Aramco initial public offering (IPO) with

Gold prices rose by Rs 150 to Rs 31,150 per ten gram at the bullion market today, reported news agency Press Trust of India (PTI). The gain in gold prices is due to steady buying by local jewellers, driven by ongoing festive season demand and positive global cues. The

Benagluru: Economy likely grew 7.6 per cent in the April-June quarter, propelled in part by an improvement in manufacturing and exports, a Reuters poll showed. The median consensus in a poll of 50 economists put annual economic growth just a touch lower than the near

As many as 99.3 per cent of the old 500 and 1,000 rupee notes, that were banned overnight in November 2016, have been returned, the Reserve Bank of India said in its annual report. 

Of the Rs 15.41 lakh crore worth 500 and 1,000 rupee notes in circulation before November 8, 2016, notes worth Rs 15.31 lakh crore have been returned. The "humungous

India Post offers a number of saving schemes ranging from Post Office savings account to Kisan Vikas Patra (KVP) account, as mentioned on its official website- indiapost.gov.in. Post office pays an interest rate of up to 8.3 per cent on these saving schemes. India Post has a