Business

Kerala Floods: Insurance companies have also started processing flood related claims.

The rupee rose mildly against the US dollar to close at 70.10 on Tuesday. That marked a recovery of 6 paise against the greenback, compared to the all-time closing low of 70.16 registered in the previous session. Selling of the US currency by exporters

Tracking positive global cues, domestic stock markets continued their record-setting trend for the second straight session today. The S-P BSE Sensex surged 186.36 points or 0.48 per cent to open at an all-time high of 38,880.47. The broader Nifty50 soared 4

The king spoke, and a $2 trillion dream went up in smoke. For the past two years, Saudi Arabia has prepared to place up to 5 percent of its national oil company on the stock market. Officials talked up the Saudi Aramco initial public offering (IPO) with

Gold prices rose by Rs 150 to Rs 31,150 per ten gram at the bullion market today, reported news agency Press Trust of India (PTI). The gain in gold prices is due to steady buying by local jewellers, driven by ongoing festive season demand and positive global cues. The

Jet Airways on Monday reported a net loss of Rs 1,323 crore for the April-June period. That marked a quarter-on-quarter increase of 27.7 per cent in the net loss. The airline had registered a net profit of Rs 53.50 crore for the quarter ended June 30, 2017. Jet

As many as 99.3 per cent of the old 500 and 1,000 rupee notes, that were banned overnight in November 2016, have been returned, the Reserve Bank of India said in its annual report. 

Of the Rs 15.41 lakh crore worth 500 and 1,000 rupee notes in circulation before November 8, 2016, notes worth Rs 15.31 lakh crore have been returned. The "humungous

India Post offers a number of saving schemes ranging from Post Office savings account to Kisan Vikas Patra (KVP) account, as mentioned on its official website- indiapost.gov.in. Post office pays an interest rate of up to 8.3 per cent on these saving schemes. India Post has a

Rupee gave up early gains against the US dollar to close at an all-time closing low of 70.16 on Monday. During Monday's session, the rupee had gained as much as 21 paise against the greenback to hit an intraday high of 69.65, but failed to sustain

Diesel prices hit a new high in four metros across the country on Wednesday. The artes of both petrol and diesel were marginally hiked today for a fourth straight day by Oil Marketing Companies (OMCs). Diesel can be bought today at Rs. 69.75 per litre in Delhi.

Stock markets extended their gains to a second straight session to register new all-time closing highs on Tuesday. BSE benchmark index Sensex rose 202 points to close at 38,896 while the NSE Nifty advanced 46 points to settle at 11,738. Gains across energy,

Gold prices gained Rs 100 to hit the Rs 31,000-mark today, reported news agency Press Trust of India (PTI). Gold prices traded at over one month high today due to persistent buying by local jewellers amid festive buzz, even as the metal weakened overseas. Silver prices also

The Indian rupee collapsed to a lifetime low of 70.52 by plunging 42 paise against the US dollar on strong month-end demand for the American currency amid foreign fund outflows, reported news agency Press Trust of India (PTI). The Indian currency was hurt by fresh demand for the

IRCTC (Indian Railway Catering and Tourism Corporation) grants no refund on cancellation of confirmed Tatkal tickets/duplicate Tatkal tickets except in case of certain circumstances, said Indian Railways on its portal- indianrail.gov.in. Tatkal ticket bookings are

With the income tax deadline of August 31 approaching, it is important for assessees to have fair knowledge of income tax laws. Having a broad-based idea of various income tax deductions helps an individual roughly plan his or her annual tax outgo. Se

Banks require their customers to maintain a certain monthly or quarterly average of deposit in their savings bank accounts. Failing to comply with the monthly average balance or MAB rules - or minimum balance rules - set by the banks attracts penalty charges applicable to the customer. Savings account holders are required to maintain a monthly

PAN or Permanent Account Number is an 10-digit alphanumeric identification number issued by the Income Tax Department. Quoting of PAN is compulsory for filing an income tax return (ITR), a prescribed form through which particulars of income are

Domestic stock markets closed Monday's session at new peaks, driven by widespread buying in banking, power and metal stocks amid positive global cues. The S-P BSE Sensex soared 442.31 points, or 1.16 per cent, to register a record closing

Domestic stock markets opened on a flat note on Wednesday, tracking mixed global cues. The S-P BSE Sensex slipped 31.53 points or 0.08 per cent to trade at 38,865.10. The broader Nifty50 tripped 0.35 points or 0.00 per cent to trade at 11,738.15. Asian shares crept

AirAsia is offering overseas flight tickets starting at an all-inclusive price of Rs. 4,399 on select routes under a special 'Thailand on Sale' promotional scheme. In order to avail the offer, customers should book tickets till September 2, 2018. The travel period of the offer ends on February 17,

Telecom operator Bharti Airtel will be offering free Netflix subscription for a period of three months with select postpaid and v-fiber home broadband plans. According to a press release issued by the operator, Airtel and Netflix today announced an expansion of their partnership.

The Income Tax Department on Tuesday extended the due date for filing income tax return (ITR) by fifteen days for assessees in Kerala. The Central Board of Direct Taxes (CBDT), which is the apex policymaking body of the Income Tax Department, said

India's economy is shrugging off global trade wars, relying on domestic consumption to stay on course to becoming the fastest-growing major economy this year.

Demand for bank loans remained solid going into the July quarter despite rising interest rates, and so was the

Mumbai: The stock-broking arm of Axis Bank on Monday began offering commodity derivatives trading on the Multi Commodity Exchange platform, making it the first subsidiary of a bank to offer the service.

The Reserve Bank of India had allowed bank subsidiaries to provide commodity broking services in September last year, as the Securities and

Major banks across the country offer an interest rate ranging from 4 to 7.75 per cent on fixed deposits of up to Rs 1 crore for a term lower than five years. India Post, which has a network of more than 1.5 lakh post offices across the country,

Berkshire Hathaway Inc. bought a stake in the company behind Paytm, India's biggest digital-payments brand, in the conglomerate's first foray into the country's startups.

Berkshire is set to acquire 3 percent to 4 percent of One97 in a deal that values the target at more than $10

AirAsia India is offering domestic flight tickets at a starting all-inclusive price of Rs 1,199 on select routes under a special promotional sale scheme. According to the official website of AirAsia- airasia.com, customers can book tickets till September 2, 2018 in order to avail

GoAir is all set to fly international from October, with the first flight to operate on the Mumbai-Phuket route, a source privy to development said. The bookings for the maiden international flight will commence soon and an announcement to this effect is expected to be made by Thursday, the source said. 

Mumbai-based GoAir, which became eligible to

Diesel prices hit fresh record levels in four metros across the country on Tuesday.Oil Marketing Companies (OMCs) increased the prices of both petrol and diesel today for a third straight day. According to daily price notification issued by state-owned

Oil Marketing Companies (OMCs) increased the prices of petrol and diesel on Monday across four metros of the country. Fuel prices were also raised on Sunday. According to daily price notification issued by state-owned oil firms, petrol is selling at a price of Rs.