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Business
July marked the ninth consecutive month of growth despite a US-driven international trade war.
BENGALURU: Growth in the manufacturing industry slowed last month, largely pressured by a modest weakening in demand and output, though overall conditions remained solid, a private survey showed on Wednesday. The Nikkei Manufacturing Purchasing Managers'
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Read more: Factory Growth Eases In July On Weaker Demand: Nikkei Survey
Write comment (96 Comments)On the international front, AirAsia is offering up to 40 per cent off on flight tickets.
Air carriers have come up discount offers on domestic and international flight tickets and are also offering new routes to increase their customer base. Jet Airways is offering a discount on domestic and international flight tickets under its scheme called
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Read more: Airlines Announce New Routes, Discounts On Flight Tickets. Details Here
Write comment (100 Comments)This has so far not been a great year for Apple in India, if we talk specifically about iPhones. Preliminary estimates suggest it has shipped just around one million units in the first half of 2018. Compared to this, in 2017, Apple shipped over 3.1 million iPhones in the country, according to CMR''s India Monthly Mobile Handset Report. It is only
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Read more: Opinion: 3 Steps Apple Needs To Take In India ASAP
Write comment (94 Comments)The domestic stock markets extended their record-setting spree to Wednesday's session as both benchmarks opened on fresh highs ahead of the Reserve Bank of India's third-bi-monthly monetary policy for fiscal 2019.
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Read more: Markets Hit Fresh Peaks Ahead Of RBI Policy Outcome: 10 Points
Write comment (91 Comments)Infrastructure output comprises eight sectors such as coal, crude oil and electricity.
New Delhi: Annual infrastructure output grew 6.7 per cent in June from a year ago, government data showed on Tuesday, its fastest pace in seven months. The growth in output compares with an upwardly revised 4.3 per cent year-on-year growth in May. During
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Read more: June Core Sector Growth Hits Seven-Month High
Write comment (94 Comments)Apple Q3 Results: Apple is is expected to announce revenue of $52.3 billion, according to analysts.
When Apple reports results on Tuesday, investors will seek insight into upcoming new iPhones and how the current flagship iPhone X is performing. They also want executives' latest thoughts on the growing trade dispute between the U.S. and China. The
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Read more: Apple Investors Seek Clues On Next iPhones With Results
Write comment (96 Comments)Brent fell more than 6 per cent in July, while US crude futures slumped about 7 per cent.
Oil Marketing Companies (OMCs) kept the prices of petrol and diesel unchanged on Wednesday across four metros of the country. According to the rate chart of IOC (Indian Oil Corporation), petrol is being sold today at Rs.76.31 per litre in Delhi and Rs. 83.76
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Read more: Petrol, Diesel Prices: Check Out Fuel Rates In Metro Cities Today
Write comment (91 Comments)Tata Motors' total expenses rose about 17 per cent to Rs 69,890 crore in April-June
Tata Motors reported on Tuesday a loss for the three months through June, hurt by higher raw material costs.
The automaker said it made a net loss of Rs 1,902 crore ($277 million), compared with a profit of Rs 3,182 crore in the same quarter a year ago.
Changes to
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Read more: Tata Motors Reports Loss Of Rs 1,902 Crore In June Quarter
Write comment (90 Comments)To avail AirAsia's discount offer, customers need to book flight tickets till August 5, 2018.
AirAsia has come up with a new discount offer on international flight tickets. Under the scheme, 'Buy More, Save More', AirAsia is offering up to 40 per cent off on international flight tickets, said the carrier on its official webiste -- airasia.com. To
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Read more: AirAsia Offers Up To 40% Discount On International Flight Tickets
Write comment (91 Comments)Fixed deposits' investment return does not get affected by stock market volatility.
State Bank of India (SBI), the largest lender of the country, has recently hiked its fixed deposit or FD interest rates across various maturities. Other banks are also expected to follow suit. Fixed deposits are fixed income instruments, the investment return on
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Read more: Latest FD Interest Rates: SBI Vs HDFC Bank Vs ICICI Bank Vs IDFC Bank
Write comment (96 Comments)Vedanta Q1: Analysts, on average, had expected a net profit of Rs 2,156 crore.
Vedanta Ltd, the Indian unit of diversified mining group Vedanta Resources Plc, missed analysts estimate for first-quarter profit, as closure of its copper smelter in South India offset higher volumes at its aluminium and oil - gas businesses. Net profit rose 2.1 per
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Read more: Vedanta Reports Rs 1,533 Crore Profit In Q1, Misses Analysts' Estimates
Write comment (98 Comments)Share Market on Tuesday: Investors also eyed the outcome of the US Federal Reserve meet, said experts.
The stock markets traded on cautious lines amid the ongoing third bi-monthly monetary policy review of the Reserve Bank of India for fiscal 2019. The S-P BSE Sensex opened at 37,534.95 while the Nifty50 started at 11,311.05. In morning trade,
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Read more: Sensex Slips Over 150 Points, Nifty Below 11,300; Metals Lead Declines
Write comment (99 Comments)The Reserve Bank of India (RBI) will release its monetary policy statement today. Analysts will watch the outcome of the three-day meeting closely to find out whether the central bank's Monetary Policy Committee decides to
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Read more: What To Expect From RBI Policy Statement Today: 10 Points
Write comment (93 Comments)The government last month shelved a plan to sell a majority stake in the beleaguered Air India.
NEW DELHI: The government on Tuesday sought parliament approval to inject Rs 980 crore ($142.87 million) in ailing national carrier Air India during the current fiscal year, after efforts to find a buyer for its 76 per cent stake in the carrier failed.
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Read more: Centre Seeks Parliament Nod For Rs 980 Crore Capital Boost In Air India
Write comment (100 Comments)Petrol prices were raised by 6 paise; diesel rates by 7 paise in the top four metro cities.
Despite a fall in global crude prices, petrol and diesel prices were raised today for the second straight day today across top four metro cities of the country with effect from 6 am, Indian Oil Corporation (IOC) stated. Petrol prices were raised by 6 paise
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Read more: Petrol, Diesel Prices Increased For Second Straight Day
Write comment (94 Comments)Households in the country are allowed 12 LPG cylinders a year at subsidised rates
LPG prices were increased in Delhi on Tuesday. Indian Oil said in a statement that the increase in non-subsidised price of LPG will be Rs 35.50 per cylinder in August, compared to the current price. Subsidised LPG - or cooking gas - will cost the consumer Rs 1.76 per
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Read more: LPG Cylinder Becomes More Expensive In Delhi: 5 Things To Know
Write comment (97 Comments)Domestic equity markets extended their record-setting spree to yet another day, with the BSE Sensex gaining 112 points to close at a high of 37,606 on Tuesday. That marked a higher closing for the 30-scrip BSE benchmark for the eighth consecutive session. The Nifty also registered a fresh record closing high of 11,356, 36 points higher from the
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Read more: Sensex Closes Above 37,600 For First Time, Nifty Ends At Record 11,356
Write comment (92 Comments)Major banks levy charges to the tune of 200-Rs 300 towards reissuance of certain types of debit cards
Do you carry a debit card or ATM card Top banks today, such as SBI (State Bank of India), HDFC Bank, ICICI Bank and Axis Bank, charge different fees for a variety of services related to debit cards or ATM cards. A debit card enables a bank
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Read more: Have A Debit Card Three Types Of Charges That You May Have To Pay
Write comment (99 Comments)IRCTC or Indian Railway Catering and Tourism Corporation, the ticketing arm of Indian Railways, allows refund on a booked train ticket under certain conditions. IRCTC allows refund through online and offline modes in case of cancellation of a regular train ticket. In case of reservation under the Tatkal quota, no refund is permitted in case of a
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Read more: How To Check Refund Status In Case Of Train Cancellation
Write comment (100 Comments)Analysts, on average, were looking for a loss of Rs 1,260 crore.
Bank of India Ltd said on Tuesday quarterly profit rose 8.4 per cent as the state-run bank recomputed tax provisions made a year earlier. Net profit was Rs 95.11 crore ($13.86 million) for the three months ended June, compared with Rs 87.71 crore a year earlier, it said in a
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Read more: Bank Of India Posts Rs 95 Crore Profit In June Quarter
Write comment (90 Comments)SBI (State Bank of India) raised its FD interest rates with efect from Monday.
SBI or State Bank of India, the country's largest lender, offers a solution to most banking needs. SBI offers savings, recurring and fixed deposit (FD) accounts to its 42.42 crore customers as on March 31, 2018. SBI also offers zero balance savings accounts, which do not
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Read more: Interest Rates, Charges That SBI Levies On You For Various Purposes
Write comment (90 Comments)In recurring deposit or RD, you get a pre-assured sum, without any investment risk.
A recurring deposit or RD is an investment plan meant for long-term wealth creation in which investment is made in small instalments at fixed intervals systematically. Today, an investor can choose from a variety of terms - or maturity period - up to 10 years to set
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Read more: Recurring Deposit Interest Rates Paid By Financial Institutions
Write comment (97 Comments)Net tax receipts in the fiscal first quarter were at Rs 2.37 lakh crore, government data showed
New Delhi: The government on Tuesday reported a fiscal deficit of Rs 4.29 lakh crore ($62.57 billion) for April-June, or 68.7 per cent of the budgeted target for the current fiscal year compared with 80.8 per cent a year ago.
Net tax receipts in the first
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Read more: April-June Fiscal Deficit At Nearly 69% Of 2018-19 Target
Write comment (93 Comments)SBI National Pension System (NPS): SBI provides a standing instruction facility to its customers
SBI or State Bank of India offers an auto debit facility for a customer to make contributions to his or her National Pension System (NPS) account. This was said by the country's largest bank, SBI, on microblogging site Twitter. NPS - which has no fixed
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Read more: SBI Offers Auto Debit Facility For Investing In Pension Scheme NPS
Write comment (95 Comments)Atal Pension Yojana (APY): The pension scheme offers a minimum fixed income of Rs 1,000 per month
Atal Pension Yojana (APY) is a pension scheme focused on the unorganised sector. Atal Pension Scheme or APY is administered by pension fund regulator PFRDA. Individuals between 18 and 40 years of age can invest in the Atal pension scheme to earn a
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Read more: Looking To Invest In Atal Pension Scheme Five Things You Must Know
Write comment (96 Comments)RIL on Friday reported a 4.47% rise in net profit at Rs 9,459 crore for the first quarter of 2018-19.
Reliance Industries Ltd (RIL) on Tuesday surpassed Tata Consultancy Services (TCS) in market capitalisation (market-cap) in India. At 1.08 pm, the market-cap of Reliance Industries on the BSE stood at around Rs 7.47 lakh crore, against the Rs 7.39
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Read more: Reliance Industries Surpasses TCS To Become Most Valuable Indian Company
Write comment (100 Comments)Mumbai: With retail inflation in the country having regained the 5 per cent mark, the Reserve Bank of India's Monetary Policy Committee (MPC) began its extraordinary three-day consultations on Monday for the second time before an announcement of its bi-monthly policy review slated for Wednesday.
A similar three-day meeting of the MPC had preceded
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Read more: RBI Seen Changing Policy Stance To 'Hawkish' From 'Neutral' On August 1
Write comment (98 Comments)Atal Pension Yojana (APY): The pension scheme offers a minimum fixed income of Rs 1,000 per month
Atal Pension Yojana (APY) is a pension scheme focused on the unorganised sector. Atal Pension Scheme or APY is administered by pension fund regulator PFRDA. Individuals between 18 and 40 years of age can invest in the Atal pension scheme to earn a
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Read more: Looking To Invest In Atal Pension Scheme Five Things You Must Know
Write comment (93 Comments)On the S-P BSE Sensex, Axis Bank's shares were trading at Rs 558.95 down Rs 9.55 or 1.7 per cent.
Share price of InterGlobe Aviation, which owns airline IndiGo, hit a 52-week low on Tuesday, a day after the company declared its earnings for the April-June period. At 12:25 pm, InterGlobe Aviation shares were trading at Rs 922.60, down 9 per cent
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Read more: SBI, Axis Bank, HDFC, InterGlobe Among Top Laggards Today
Write comment (97 Comments)HDFC Bank launched share sales in India and the United States on Monday, as part of a previously announced plan to raise more than $2 billion.
The bank set a floor price at Rs 2,179.13 ($31.75) per share for the domestic share sale as well as the American Depositary Shares offering, according to a filing.
The second-biggest Indian lender by assets,
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Read more: HDFC Bank Launches Share Sale To Raise Up To Rs 15,500 Crore
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