Business

Anil Ambani-owned Reliance Big TV is offering effectively free channels.

Anil Ambani-owned direct-to-home service provider Reliance Big TV is offering an initial booking of 'effectively free' HD HEVC set-top-boxes by making a payment of Rs 500 through post offices, a press release issued by the company said.

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However, spot gold was up 0.1% at $1,296.96 per ounce at early trade.

Mumbai: Gold prices slipped marginally by Rs 5 per 10 grams to finish at Rs 30,665 at the bullion market here today following lower demand from stockists and retailers even as the metal strengthened overseas. Silver strengthened by Rs 250 per kg to Rs 39,545 on sustained offtake
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The reverse repo rate under which the RBI borrows from banks has been adjusted to 6%.

The Reserve Bank of India (RBI) on Wednesday hiked the key lending or repo rate by 25 basis points to 6.25 per cent as it announced its second bi-monthly monetary policy statement for 2018-19. The repo (or repurchase) rate is the
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Monsoon Sale: Vistara's Early Monsoon Sale offer on flight tickets was earlier supposed to end Wednesday.

Vistara airline's Early Monsoon Sale offer, in which it is offering flight tickets from Rs 1,599, was extended on Thursday. The offer from Vistara
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The Indian economy had grown at 6.7 per cent last financial year.

The Reserve Bank today retained growth projections for the current fiscal at 7.4 per cent on hopes of further boost to investments and higher consumption. The Indian economy had grown at
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The centre has already doubled sugar import duty to 100%.

NEW DELHI: Cabinet approved a bailout package for the sugar sector, a government source said on Wednesday after a cabinet meeting chaired by Prime Minister Narendra Modi, to help struggling
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Mutual fund investment: Financial planners advise considering a few things before making a decision

Many investors looking to enter mutual funds are quick to take the ELSS or ELSS via SIP route. Reason: ease of use and, most importantly, tax benefit. In
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The IBC ordinance or executive order was cleared by the cabinet on May 23

In a big step to protect home-buyers, changes to the Insolvency and Bankruptcy Code (IBC) will come into force with President Ram Nath Kovind signing off on the government's ordinance or special order. The Insolvency and Bankruptcy

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Prime Minister Narendra Modi on Wednesday said the government is taking several steps to promote young entrepreneurs in the country, adding that startups are no longer confined to big cities. Smaller towns and villages too are emerging as vibrant
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Petrol and diesel prices are deregulated in the country.

Petrol and diesel prices were lowered marginally on Thursday. With effect from 6 am, petrol prices were at Rs 77.63 per litre in Delhi, Rs 80.28 per litre in Kolkata, Rs 85.45 per litre in Mumbai
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RBI revised the CPI inflation for 2018-19 to 4.8-4.9 per cent in first half of the fiscal

The Reserve Bank today marginally revised upwards its inflation projection for the current fiscal on firming crude oil prices in the global market. Retail
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World Bank forecasts are slightly lower than other projections by two international bodies.

UNITED NATIONS: India is projected to regain its position as the world's fastest growing major economy advancing 7.3 per cent this fiscal year and 7.5 per cent
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Four of the country's 21 state banks have yet to appoint replacements for departed CEO

India's government-owned banks are becoming increasingly rudderless, just when they most need a firm hand at the top.

Four of the country's 21 state banks have yet to

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Canara Bank has been blocked in the UK from accepting new deposits for around five months

Britain's markets regulator has fined the UK division of Canara Bank 896,100 pounds ($1.2 million) and blocked it from accepting new deposits for around five months for systemic anti-money laundering (AML) failures. The
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RBI Governor Urjit Patel-headed Monetary Policy Committee (MPC) will conclude its three-day meeting today. The MPC will release its policy statement at 2:30 pm today. That would mark the central bank's second bi-monthly monetary policy statement for 2018-19. The RBI is widely expected to keep the key
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GDP growth is projected in the range of 7.5-7.6 per cent in H1 and 7.3-7.4 per cent in H2

The Reserve Bank of India's (RBI) six member monetary policy committee (MPC) raised the key interest rate (repo rate), by 25 basis points to 6.25 per cent, which
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Now, home buyers would be able to invoke Section 7 of the IBC against errant developers

New Delhi: Home buyers will now be recognised as financial creditors under the insolvency law, with the government promulgating an ordinance. President Ram Nath Kovind has given his assent to promulgate the Insolvency and Bankruptcy Code (Amendment) Ordinance,
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At 10:55 am, the NSE's Nifty Bank index traded at 26,252.50, with a gain of 1.50 points or 0.01%.

Banking stocks on Wednesday traded mixed ahead of the outcome of the Reserve Bank of India (RBI)'s interest-rate setting meet. "The current chart
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The S-P BSE Sensex surged over 300 points on Thursday and was racing towards the 35,500 level. At 11 am, the Sensex was up 312.98 points or 0.89 per cent higher at 35,491.86 level while the broader Nifty50 was at 10,779.75, up 95.10 points or 0.89
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New Delhi: The government today approved revised guidelines for time-bound closure of sick and loss making central public sector enterprises and the disposal of their movable and immovable assets.

The decision was taken at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi here.

The guidelines accord first priority to utilisation

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Rupee-dollar (INR-USD) rate today: The rupee traded in the range of 67.11-67.01 against the US dollar

The rupee edged higher against the US dollar on Wednesday, ahead of the Reserve Bank of India (RBI)'s monetary policy statement. Gaining as much as 15 paise in morning deals, the rupee was 1 paisa away from

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Growing inflation concerns prompted the Reserve Bank of India (RBI) to raise its policy rate for the first time in over four years on Wednesday, but it surprised some economists by keeping its stance "neutral" instead of changing to "tighten". The
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The reverse repo rate was also raised by 25 basis points to 6%.

Bengaluru: The Reserve Bank of India on Wednesday raised its policy rate for the first time in over four years, due to inflation concerns, and it surprised some analysts by keeping its policy stance as "neutral". The central bank's monetary policy committee lifted the repo rate by 25
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The BSE Bankex index was down 0.06 per cent.

The S-P BSE Sensex on Wednesday surged over 101.37 points or 0.29 per cent to reclaim the 35,000-mark while the broader Nifty50, a benchmark of the National Stock Exchange, was 30.85 points or 0.29 per cent higher at 10,624. Investors awaited the outcome of

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Mumbai: After a two-day fall, rupee closed at a fresh one-month high of 66.92, surging by 23 paise against the US dollar, even as the RBI hiked repo rate by 25 basis points. Reserve Bank retained the growth forecast for the current fiscal at 7.4 per cent on hopes of further boost to investments and higher consumption. A spectacular relief rally in
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The S-P BSE Sensex, on Wednesday, ended at 35,178.88, with a gain of 275.67 points or 0.79 per cent while the broader Nifty 50 closed at 10,684.65, 91.50 points or 0.86 per cent higher. Sensex surged as much as 327.33 points through the day after
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Petrol, diesel prices today: Currently, rates at fuel stations are revised on a daily basis

Petrol and diesel prices were lowered in the range of 8-12 paise per litre. That marked the eighth consecutive cut for petrol prices and the seventh in eight
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H-4 visa is issued to the spouse of H-1B visa holders

US Deputy Chief of Mission said that there have been no big changes in the H-1B programme and importantly, nothing new on the H-4 visa policy amid the Donald Trump administration's plan to overhaul the immigration system. US Deputy Chief of Mission (DCM)

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Globally, gold rose by 0.15% to $1,297.70 an ounce.

New Delhi: Gold prices rebounded by Rs 260 to Rs 31,860 per 10 grams at the bullion market on Wednesday on firm cues from global markets and fresh buying by local jewellers. Silver prices also went up by Rs 250 to Rs 40,750 per kg, backed by increased offtake by industrial units and coin makers.
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The RBI will announce its second bi-monthly monetary policy statement for 2018-19 today afternoon

The Reserve Bank of India (RBI) is widely expected to adopt a hawkish stance while keeping the key interest rates steady in the June monetary policy meet, the outcome of which will be revealed at 2:30 pm on Wednesday.
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