Business

Washington: Global growth will keep a steady pace this year and next, buoyed by stronger trade and US fiscal stimulus that will fade by the early 2020s, while increased tariffs could damage market confidence and output, the International Monetary Fund said on Tuesday.

The IMF, in its latest World Economic Outlook, kept its 2018 and 2019 global

Details
Category: Business

Write comment (97 Comments)

EPFO Revises Rules For Submission Of PF Withdrawal Claim

Rules for PF claims were revised after claimants faced issues in filing online forms, said EPFO.

Retirement fund body Employees' Provident Fund Organisation (EPFO) recently revised rules on submission of provident fund (PF)
Details
Category: Business

Write comment (99 Comments)

BHIM App Payments Touch Rs 11,000 Crore In FY18 Amid Cashback Offers

BHIM is a UPI-based payments app developed by the National Payments Corporation of India.

BHIM or Bharat Interface for Money app has led to a 'spectacular growth in digital payments', said Union Minister Ravi Shankar Prasad on
Details
Category: Business

Write comment (96 Comments)

Indian Railways Covered A Long Distance In Its 165 Years Of Existence

In 1954, sleeping accommodation was introduced in 3 Tier coaches of Indian Railways.

On April 16, Indian Railways commemorated its 165th birthday. On April 16, 1853 country's first passenger train ran between BoriBandar and Thane
Details
Category: Business

Write comment (90 Comments)

Akshaya Tritiya 2018: What To Expect In Gold Jewellery Market

Akshay Tritiya is a festival considered auspicious by many to make gold purchases

Those who purchased gold jewellery last Akshaya Tritiya (Akshaya Tritiya 2017) are sitting on some gains. With Akshaya Tritiya just around the corner, jewelers are hoping for an increase in footfalls. Akshaya Tritiya, also known as
Details
Category: Business

Write comment (90 Comments)

EPF Scheme To Have Two Separate Account Heads

Exchange-traded funds (ETFs) are funds that track indexes such as Sensex and Nifty

All subscribers of the EPF or Employee Provident Fund scheme would have two separate member account heads: Fixed Income - where fixed annual
Details
Category: Business

Write comment (99 Comments)

Rupee (INR) Plunges To Close At 65.64 Against Dollar (USD)

Weakness in the rupee came despite a rally in Sensex and Nifty

The rupee extended its losing run for the second straight day, falling by another 15 paise to end at a near 7-month low of 65.64 against the US dollar amid persistent capital outflows and a fresh ripple of geopolitical tensions. That came a day

Details
Category: Business

Write comment (91 Comments)

Akshaya Tritiya 2018: SBI Gold Deposit Scheme: Interest Rates, Features

Akshaya Tritiya 2018: You may consider investing in SBI's revamped gold deposit scheme.

State Bank of India (SBI) offers a revamped gold deposit scheme (R-GDS). The revamped gold deposit scheme (R- GDS) is in the nature of a
Details
Category: Business

Write comment (93 Comments)

Sensex and Nifty overcame a weak start to end higher today, logging their eighth straight sessions of gains. Sensex started on a weak footing today, tracking broader sluggishness in Asian markets. Selling pressure in Infosys
Details
Category: Business

Write comment (93 Comments)

Cash Crunch: Government To Raise Printing Of 500 Rupees Notes

Currently around Rs 18 lakh crore worth of currency is in circulation

New Delhi: In a bid to meet the "unusual" currency demand, the government has resolved to raise the printing of Rs 500 notes by five times, Economic Affairs Secretary Subhash Chandra Garg on Tuesday said. "We have taken steps to increase the supply of currency in case the demand
Details
Category: Business

Write comment (96 Comments)

Jio Vs Airtel: Prepaid Recharge Plans Under Rs 400 Compared

Airtel's Rs 249 prepaid recharge plan offers 2 GB of 3G/4G per day data for a period of 28 days.

Bharti Airtel and Reliance Jio are embroiled in a war of offering better data and call packages to attract maximum customers on their platform. The Sunil Bharti Mittal-led Airtel and Mukesh Ambani's Jio are offering a host of plans ranging from as low
Details
Category: Business

Write comment (97 Comments)

Gold Prices Fall Today, Silver Rates Decline: 5 Things To Know

Gold prices declined by Rs 100 per 10 grams on Monday

Gold prices dropped to Rs 32,000 per 10 grams at the bullion market on Monday. Demand was seen easing from local jewelers, despite steady prices in the international gold market, market observers said. Gold prices declined by Rs 100 per 10 grams on Monday

Details
Category: Business

Write comment (97 Comments)

Rupee Falls To 7-Month Lows Against US Dollar: 5 Points

Rupee vs dollar: Rupee fell to 65.64 at day's low against the US dollar today

The rupee fell to a nearly 7-month low of 65.65 against the US dollar today - marking its lowest value against the US dollar since September 2017. So far in today's session, the rupee traded between 65.65 and 65.41 against the US

Details
Category: Business

Write comment (95 Comments)

Indian Economy To Grow 7.3% This Year, Says World Bank

The growth rate for FY20 is pegged at 7.5%

Washington: The World Bank today forecast a growth rate of 7.3 per cent for India this year and 7.5 per cent for 2019 and 2020, and noted that the country's economy has recovered from the effects of demonetisation and the Goods and Services Tax.

"Growth is expected to accelerate from 6.7 in 2017 to 7.3 per

Details
Category: Business

Write comment (90 Comments)

SBI Savings Bank Account Interest Rate, Penalty For Insufficient Balance

An SBI savings bank account can be opened either with or without a cheque book facility

SBI or State Bank of India provides a host of services under its personal banking portfolio. SBI, the country's largest bank, currently
Details
Category: Business

Write comment (95 Comments)

How To Instantly Open SBI Savings Account With Zero Balance Facility

SBI's Insta Savings Account can be opened in paperless mode via mobile app YONO

SBI or State Bank of India is offering a zero balance account - or a bank account that doesn't require any particular minimum balance to be
Details
Category: Business

Write comment (98 Comments)

Interest Rates On Post Office Saving Schemes: PPF Vs RD

PPF also offers tax deduction under Section 80 (C) of the Income Tax (IT) Act.

The Department of Posts or India Post, run under the Ministry of Communications, offers both public provident funds (PPF) and recurring deposit (RD)
Details
Category: Business

Write comment (94 Comments)

10 Points About Indian Railways' 'Palace On Wheels' (IN PICS)

The 'Palace on Wheels' has two restaurants 'The Maharaja' and 'The Maharani'.

The Indian Railways-operated 'Palace on Wheels' is a luxury tourist train which was launched by the Ministry of Railways in association with Rajasthan
Details
Category: Business

Write comment (96 Comments)

How To Instantly Open SBI Savings Account With Zero Balance Facility

SBI's Insta Savings Account can be opened in paperless mode via mobile app YONO

SBI or State Bank of India is offering a zero balance account - or a bank account that doesn't require any particular minimum balance to be
Details
Category: Business

Write comment (90 Comments)

Supreme Court Directs Jaiprakash Associates To Deposit Rs 100 Crore

Jaiprakash Associates need to deposit the amount by May 10.

New Delhi: The Supreme Court on Monday asked realty firm Jaiprakash Associates Limited (JAL) to deposit Rs 100 crore with its registry by May 10 to pay back the hassled
Details
Category: Business

Write comment (98 Comments)

Trading At NCDEX Halted After Fire Erupts At Headquarters

Trading at NCDEX was halted at around 12:15 p.m, according to two dealers.

Mumbai: Trading on National Commodity And Derivatives Exchange (NCDEX) was temporarily suspended on Monday afternoon after a fire erupted in the basement of its headquarters in Mumbai, a company spokesman told Reuters.

The suspension at NCDEX - the second-largest commodities

Details
Category: Business

Write comment (94 Comments)

IRCTC Warns Train Passengers Against Unauthorised Food Delivery Services

IRCTC said it is the only authorised agency to take and deliver orders through e-catering in trains

IRCTC or Indian Railway Catering and Tourism Corporation - the ticketing arm of Indian Railways - has named unauthorised food
Details
Category: Business

Write comment (92 Comments)

Fortis Healthcare Declines Malaysia's IHH Takeover Offer

Fortis has seen interest from multiple parties since Manipal offered to buy it last month.

Mumbai: Malaysia's IHH Healthcare Bhd said on Monday that Fortis Healthcare Ltd declined to engage with the company regarding a takeover offer, citing binding agreements with other parties.

IHH, one of Asia's largest healthcare operators, offered to buy Fortis

Details
Category: Business

Write comment (94 Comments)

Jio Vs Airtel: Prepaid Recharge Plans Under Rs 250 Compared

Jio's plan priced at Rs 198 offers 56GB of data for a period of 28 days.

Reliance Jio and Bharti Airtel have been engaged in a data war for long in a pursuit to provide the cheapest plans at lower prices. Both the telecom
Details
Category: Business

Write comment (93 Comments)

Netflix Smashes Analyst Expectations With 7.4 Million New Customers

Netflix stock is the top performer on the S-P 500 this year.

Netflix Inc's blitz of original programs attracted a surprisingly high 7.4 million new customers from January to March, reassuring investors who are betting the
Details
Category: Business

Write comment (90 Comments)

Over 53 Crore Mobile Connections Issued With Aadhaar-Based KYC: UIDAI

"Aadhaar verification helps you get instantly activated SIM," the UIDAI added.

Over 53 crore new mobile connections have been issued using Aadhaar-based paperless KYC or 'Know Your Customer' verification. This was said by UIDAI
Details
Category: Business

Write comment (97 Comments)

Rupee Hits 5-Month Low Against US Dollar: 5 Things To Know

The rupee fell to as low as 65.46 against the US dollar, a level last seen on November 14, 2017

The rupee (INR) today fell as much as 26 paise against the US dollar (USD) to a five-month low of 65.46. The rupee traded between 65.32 and 65.46 against the dollar in today's session so far. At 12:23 pm, the

Details
Category: Business

Write comment (98 Comments)

Indian markets edged higher on Tuesday, buoyed by gains in metal, auto and capital goods stocks. Asia stocks rose modestly today following data showing China's economy grew a little faster than expected in the first quarter.
Details
Category: Business

Write comment (91 Comments)

IMD Monsoon Forecast: Rainfall Expected To Be Normal For 3rd Year In Row

IMD Monsoon Forecast: Onset of monsoon will start in Kerala from end of May or first week of June.

The India Meteorological Department (IMD) forecast a normal monsoon at 97 per cent of long period average for the country on
Details
Category: Business

Write comment (99 Comments)

Wholesale Inflation Softens To 2.47% In March

Onion prices soared higher by 42.22 per cent (YoY) whereas potato prices rose by 43.25 per cent

New Delhi: Wholesale price-indexed (WPI) inflation softened to 2.47 per cent in March from 2.48 per cent reported for the previous month, government data showed on Monday. According to the Commerce Ministry data, the WPI inflation in March 2017 was more
Details
Category: Business

Write comment (91 Comments)