Business

Forex markets are closed on Thursday on account of 'Ganesh Chaturthi', news agency Press Trust of India (PTI) reported. On Wednesday, the Indian currency closed sharply higher, cooling off from all-time lows registered in recent sessions. Rupee rebounded from the

NEW DELHI: The cabinet has approved a new procurement policy under which one scheme will focus on compensating oilseeds farmers if rates fall below the MSP, and another will allow states to rope in private players for procurement, sources said Wednesday. A decision in this regard

London: Bank of England Governor Mark Carney will stay at the central bank an extra seven months until the end of January 2020 to help smooth Britain's departure from the European Union next year, finance minister Philip Hammond told parliament on Tuesday.

Carney had been due

Petrol and diesel prices surged to record levels on Thursday as oil marketing companies (OMCs) hiked fuel rates across metro cities, except in Kolkata where rates fell following the state government's decision of an excise cut. Petrol can be purchased at a price of Rs 81 per litre

Gold prices bounced back by Rs 175 at Rs 31,625 per 10 gram at the bullion market Wednesday on buying by local jewellers, shrugging-off a weak trend overseas, reported news agency Press Trust of India. However, silver slipped by Rs 40 to Rs 37,910 per kg owing to

Mumbai: Samsung Electronics Co Ltd opened its biggest mobile store in the world in India on Tuesday as it tries to take pole position in the world's second-biggest smartphone market amid fierce competition from Chinese brands. The South Korean

Domestic equity indices are closed on Thursday on account of Ganesh Chaturthi. Asian shares, which are open today, won a reprieve as news that the Trump administration has reached out to China for a new round of trade talks raised hopes that a deal could be struck in the

On the occasion of its second anniversary,  Reliance Jio has been offering discount and cashback offers. It has again come up with a new offer under which it is offering the Rs 399 plan at Rs 299. Under the discount scheme, Reliance Jio offering

A bank account under financial inclusion scheme Pradhan Mantri Jan Dhan Yojana (PMJDY) can be opened in any bank branch or business correspondent outlet. PMJDY is a government-run financial inclusion scheme aimed at ensuring access to services such as

New Delhi: Retail inflation fell below the Reserve Bank of India's medium-term target in August, increasing the likelihood it will keep interest rates on hold in October after raising them at its past two meetings. Consumer prices rose 3.69 per cent from a year

Stock markets registered strong gains on Wednesday, ahead of release of key macroeconomic data. BSE benchmark index Sensex advanced 304 points to close at 37,717, while the NSE Nifty settled 82 points higher at 11,369. That marked some recovery from the losses logged by the indices in the past two sessions amid a selloff across the board. Gains in

Stock markets plunged for the second straight day, with the BSE Sensex falling 509 points to close at 37,413 on Tuesday. The losses in the domestic markets came amid weakness in Asian peers amid concerns on the US-China trade front. NSE benchmark index Nifty declined 150 points to settle at 11,287. A selloff across sectors along with the rupee's p

Jet Airways, the country's second largest airline by market share, is set to start a direct service between Mumbai and Manchester from November 5, 2018, it said in a statement on Wednesday. Jet Airways said it will operate the non-stop flight on

If you want to open a new bank account within minutes, you may consider opening an instant digital account. Today, many banks and institutions offer the facility of instant digital accounts. Usually, these digital accounts do not have any minimum balance requirements. So, the customer is free to operate the account with zero balance. Some of these

Gold fell on Tuesday by Rs 100 to Rs 31,450 per 10 gram on sluggish demand from jewellers even as the metal firmed up overseas, reported Press Trust of India. Silver held steady at Rs 37,950 per kg on scattered demand from industrial units and coin makers,

Mumbai/ Bengaluru: Annual retail inflation eased to 3.69 per cent in August from 4.17 per cent in July, the statistics ministry said on Wednesday, helped by a smaller rise in food prices. Analysts polled by Reuters had forecast August annual increase in the consumer price index at 3.86 per cent.

Experts' view: 

ANAGHA DEODHAR, ECONOMIST, ICICI

The domestic stock markets swung between gains and losses after a positive opening on Wednesday. The S-P BSE Sensex opened at 37,546.42 and the broader Nifty50 index of the NSE at 11,340.10. However, soon after the benchmarks turned negative but were later

The rupee hit a new record low of 72.73 in late afternoon trade on Tuesday, as it dropped 28 paise against the US dollar, reported news agency Press Trust of India (PTI). However, in early trade the rupee rose as much as 15 paise against the US dollar. Crude oil prices went past the USD 78 a

Bank fixed deposits are considered to be the safest investment instruments in terms of the guaranteed returns that they offer. Returns on fixed deposits are secure because FD interest rates do not change according to volatile market environment. Bank

INR Vs USD: On Tuesday, the rupee touched a fresh lifetime low of 72.75 in intraday trade.

SBI or State Bank of India provides free-of-cost upgrade of debit card to its customers. The upgrade of existing debit card to an EMV chip-and-PIN debit card offers enhanced security, the country's largest bank SBI said on microblogging site Twitter. The move is in

Consumer inflation eased to 3.69 per cent in August, from 4.17 per cent in the previous month, government data showed on Wednesday. That marked the first time retail inflation - determined by Consumer Price Index (CPI) - stood below the Reserve Bank (RBI) of India's medium-term target of 4 per cent this year. Wednesday's inflation data also

India has a currency problem and it's not going away anytime soon.

A current-account deficit at a five-year high, elevated oil prices and an emerging-market sell-off conspired to push the rupee to below 72 per dollar last week, taking its decline since the

New Delhi: The Supreme Court Tuesday agreed to hear tomorrow a plea of Arcelor Mittal seeking extension of time for payment of Rs 7,000 crore as ordered by NCLAT last week for its bid to become eligible for Essar Steel. The apex court refused urgent hearing

Mumbai: With bad loans worth over Rs 50,000 crore under the Reserve Bank of India's Independent Credit Evaluation (ICE) framework, a report said on Wednesday that banks need to take a haircut of 40-60 per cent to have a rating of RP4 for implementation of a

Bharti Airtel has come up with a new prepaid recharge plan and is offering unlimited calling and data benefits. Airtel's new plan is priced at Rs 289. Telecom operators are coming up with new offers almost on a daily basis. The telecom sector in the country has witnessed high competition

AirAsia has extended its 'Big Sale' offer on international flight tickets till September 11, 2019, said the airline on its official website -- airasia.com. Earlier, the offer was valid till September 9. The travel period of the offer starts on February 18, 2019 and ends on

The rupee closed sharply higher on Wednesday, cooling off from all-time lows registered in recent sessions. The rupee rose 51 paise against the greenback to settle at 72.19 for the day, marking its biggest single-day rise since May 25. Suspected intervention by the Reserve Bank of India and weakness in the dollar overseas led to a rebound in the

Mumbai: Cost of construction for a residential apartment in a mid-rise building in the city is the highest among the top urban centres in the country at Rs 3,125 per sq ft, according to a report. Delhi and Pune came a close second in average cost of construction at Rs 2,750 per sq ft,

Reliance Jio has introduced mobile app WhatsApp on its 4G feature phone device, JioPhone. The telecom company, which is part of billionaire Mukesh Ambani-led conglomerate Reliance Industries, had in July this year announced addition of mobile apps such as