Business

The RITES IPO (initial public offering) opened on Wednesday. By 5 pm, the issue was subscribed up to 60 per cent, data on NSE revealed. Over 1.50 crore bids were received out of a total of 2.52 crore. With RITES IPO, the government intends to divest
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Housing loans of up to Rs 35 lakh, for dwellings costing less than Rs 45 lakh, will be treated as PSL

Mumbai: Housing loans of up to Rs 35 lakh, for dwellings costing less than Rs 45 lakh, will be treated as priority sector lending (PSL) to give a fillip to the low-cost segment, the Reserve Bank said today. PSL loans are relatively cheaper than
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Vodafone had challenged these demands with the Telecom Disputes Settlement and Appellate TribunalNew Delhi: The Department of Telecommunications (DoT) is looking for legal opinion on the Vodafone-Idea Cellular merger in respect to Vodafone's administratively designated spectrum holdings, according to industry sources. According to merger and acquisition
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Buddhist Circuit Special Train: IRCTC's eight-day journey in the two-tier is available for Rs 64,402

If you are planning a trip later in the year and want to blend it with a spiritual sojourn, you can explore IRCTC Tourism's Buddhist Circuit Special
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AirAsia's promotional sale requires flyers to make advance bookings.

AirAsia is offering overseas flight tickets at a starting all-inclusive price of Rs 3,999 on select routes under a new promotional sale. AirAsia's 'Grand Sale' offer is valid on
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Decision to postpone Air India stake sale was taken at a meeting convened by Arun Jaitley.

The government has, for now, decided to suspend divestment in national carrier Air India and will continue to provide funds for its operation, a top official
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Overseas, mixed trend in other Asian markets influenced the trading sentiment today.

The Indian rupee staged a recovery from its near 1-month low to trade 32 paise higher at 68.06 against the US currency in early session on Wednesday. Fresh selling of the greenback by banks and exporters supported the Indian

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Mumbai: Following Sandeep Bakhshi's appointment as ICICI Bank Chief Operating Officer on Monday, the private lender on Tuesday appointed N.S. Kannan as the Managing Director and Chief Executive Officer (CEO) of ICICI Prudential Life Insurance Company,
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Schedule and timings of flights are subject to regulatory approvals, said IndiGo.

Budget passenger carrier IndiGo is offering daily, non-stop flights from Lucknow to Pune and Goa at a starting all-inclusive price of Rs 3,999, informed the airline on
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South Korean cryptocurrency exchange Bithumb said 35 billion won ($31.5 million) worth of virtual coins were stolen by hackers, the second local exchange targeted in just over a week as cyber thieves exposed the high risks of trading the digital
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Crowdfunding is gradually being acknowledged as a profitable and self-sustainable sector.

The ease of raising funds with the aid of technology, without any regulatory hassles, facilitates the emergence of 'crowdfunding'. Crowdfunding can be said as an
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Post office fixed deposit (FD) with tenure of 5 years, will fetch an interest rate of 7.4%.

Post offices across the country offer banking services which enable you to open several types of accounts that offer attractive interest rates. Five post office
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A day after posting considerable losses, S-P BSE Sensex opened 43 points higher on Wednesday at 35,329.60 points. At the same time, NSE's benchmark index Nifty50 edged up by 24 points to trade at 10,734 level in the opening trade today. At 9.44 am, Sensex trades at 35,354.75 points, 68 points, or 0.19 percent
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V Balakrishnan credits NR Narayana Murthy for being an "iconic leader".

HYDREABAD: As IT major Infosys completed 25 years of its listing on the stock exchange, a former senior official of the firm paid rich tributes to the co-founder NR Narayana Murthy
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100 totally free day-to-day SMSes are also offered with Jio's Rs 799 prepaid strategy. Reliance Jio's Rs 799 pre-paid recharge strategy is using 6.5 GBs or gigabytes of per day high-speed 4G information for a period of 28 days till June 30, a release provided by the business
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A $2 billion fraud at Punjab National Bank (PNB) may have been perpetrated by a few employees, 54 to be precise, but it couldn't be detected because of prevalent risk-control and monitoring lapses in several areas of the bank, as revealed by the PNB's
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Bank of Baroda Recruitment 2018: Gross annual salary on joining BoB will be approximately Rs. 8 lakh.

Bank of Baroda and Manipal Group have joined hands to set up the Baroda Manipal School of Banking (BMSB) to cater to the needs of training graduates
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Earlier this month, the RBI lifted the repo rate for the first time in four-and-a-half years

Bengaluru: The Reserve Bank of India (RBI) is expected to raise interest rates again in the final three months of this year, according to a Reuters poll of economists, but over one-third of them predicted a hike as early as at the next meeting in August.

Acce

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In past 20 days, the petrol prices have declined by Rs 2.02 in Delhi; diesel prices declined by Rs 1.42

A day after marginal reduction, petrol prices remained steady on Wednesday. Diesel prices, also, were kept same today just as on Tuesday. On Wednesday, petrol is being sold, in Delhi for Rs 76.27 while the prices
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Looking to buy the best car insurance policy A well-researched decision to choose a car insurance policy can benefit the policy holder in many ways, say experts. While owning an active car insurance policy is a must for driving a vehicle in the
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Asian stocks skidded to a four-month low as US threatened new tariffs on Chinese goods.

The domestic equity market turned negative on Tuesday as it tracked global cues. At 9:35 am, the S-P BSE Sensex was at 35,416.25, down 132.01 points or 0.37 per
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Customers can avail IRCTC's Dubai tour package on three different dates.

IRCTC (Indian Railway Catering and Tourism Corporation) Tourism is offering a tour package of six nights and seven days to Dubai and Abu Dhabi from Ahmedabad. The tour will be via economy class of Air Arabia, said the tourism arm of the Indian Railways on its official website
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BSNL is offering 150 GB of data for Rs 199 with a daily cap of 5 GB data at a speed of up to 20 Mbps.

BSNL or Bharat Sanchar Nigam Limited has come up with a new offer of BBG (Broadband) combo unlimited plan, said the state-run telecom operator on
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Petrol and diesel price today: Any revisions in rates are effected at fuel stations at 6 am every day

Petrol prices were marginally lowered on Tuesday, adding to the downward movement in fuel rates so far this month. Diesel prices were, however, kept
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This is the lowest closing for the rupee since May 23.

Mumbai: The rupee today nosedived 39 paise to hit a near one-month low of 68.38 against the US dollar as escalating trade threats between the world's two biggest economies continued to spiral. Increasing prospects for a full-blown US-China trade war triggered a risk-off atmosphere in many
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BSNL is offering 150 GB of data for Rs 199 with a daily cap of 5 GB data at a speed of up to 20 Mbps.

BSNL or Bharat Sanchar Nigam Limited has come up with a new offer of BBG (Broadband) combo unlimited plan, said the state-run telecom operator on
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ICICI Bank's Chief Executive Officer (CEO) Chanda Kochhar will proceed on leave till further inquiry while Sandeep Bakhshi will run the lender as its Chief Operating Officer (COO) and Whole Time Directo, a BSE filing said today.  Bakhshi's appointment
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The RBI has cited at least 10 areas where it has no control over PSBs.

New Delhi: Finance Minister Piyush Goyal today said the government is open to giving more powers to RBI to deal more effectively with frauds like the ones allegedly committed by diamond jeweller Nirav Modi in PNB. Goyal's comment comes within days of RBI Governor Urjit Patel
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All sectoral indices, led by oil and gas, power, realty and power were in the negative zone.

The stock markets ended Tuesday's session on a lower note, with BSE benchmark index Sensex declining 261.52 points. S-P BSE Sensex slip 0.74 per cent and closed at 35,286.74. The Nifty50 index sheds 89.49 points

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Allegations against Chanda Kochhar relate to sanctioning of Rs 3,250 crore loan to Videocon in 2012.

ICICI Bank has appointed Sandeep Bakhshi as COO (Chief Operating Officer) and whole time director of the bank, said a BSE filing today. The current CEO
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