Business

Infosys Ltd announced that the board at it's meeting on Saturday accepted the resignation of M D Ranganath, as the Chief Financial Officer (CFO) and key Managerial Personnel of the company. Ranganath will continue in his current position as Chief Financial Officer till November 16, 2018.

State Bank of India (SBI), the largest country's lender offers certain accounts where average monthly balance (AMB) rule is not applicable. These accounts are known as zero balance savings accounts and does not require customers to maintain any

IRCTC (Indian Railway Catering and Tourism Corporation) offers the facility of online booking of train tickets. The advance booking for train ticket opens 120 days before the date of journey, said IRCTC on it's official website- irctc.co.in. Passengers in a

State Bank of India (SBI), country's largest bank on basis of its assets, offers loan against Fixed Deposit (FD) account at relatively lower interest rates than those charged on normal loans, said the lender on it's corporate website- sbi.co.in. SBI's loan against f

Domestic stock markets surged on Friday, backed by banking, FMCG and metal stocks while advances in other Asian peers supported sentiment. BSE benchmark index Sensex rose 284.34 points to end at 37,947.88 while the NSE Nifty advanced 85.70 points to settle at a record 11,470.75. The Nifty surpassed its last record closing high of 11,470.7

India's crude oil import bill is likely to jump by about USD 26 billion in 2018-19 as rupee dropping to a record low has made buying of oil from overseas costlier, government officials said today. Besides, the rupee hitting a record low of 70.32 to a US dollar in the opening deal today will also

Petrol prices were increased while diesel prices were kept unchanged on Saturday by the Oil Marketing Companies (OMCs). Petrol is retailing at a price of Rs. 77.28 per litre in Delhi, Rs. 84.71 per litre in Mumbai, Rs. 80.22 per litre in Kolkata and Rs. 80.28 per

Mumbai: Beleaguered carrier Jet Airways is in advanced stage of discussions with TruJet to sublease up to seven of its ATR planes to the regional carrier as it seeks to reduce costs and mop up additional revenues amid cash drought, according to an industry source.

These planes are likely to be subleased with its complete crew, maintenance and

State Bank of India (SBI) offers a number of deposit schemes under it's personal finance portfolio.  Fixed deposit (FD) scheme is one of the most popular deposit scheme offered by the bank. Fixed deposits (FDs) are secure financial instruments, which offer

Mumbai: The country's forex reserves have declined by $25.147 billion between April 13 and August 10, with the rupee on a downward spiral since the beginning of the year forcing the Reserve Bank of India to sell dollars to defend the local currency.

The

Indian Railways operated Southern Railway has mentioned a list of trains (on its twitter handle- @GMSRailway) that are terminated/rescheduled/cancelled today in view of the unprecedented floods and landslides in Kerala. As a result of heavy rains, landslides, opening of dams over Kerala

The chief executive of the Financial Times, John Ridding, is to return some of his pay from last year following staff criticism, the business daily reported on Thursday.

In a note to employees, he said he would return a 2017 pay increase which took his total

ICICI Bank on Friday announced its decision to waive off penalties on late payment of loan EMIs by its customers in Kerala this month. The initiative was aimed at providing support to its customers in flood-hit Kerala. That means borrowers of home l

Telecom operators have announced free calls and data, extension in bill payment due dates and other relief measures for subscribers in flood-hit state of Kerala where nearly 167 people have died since August 8, following torrential rain and related floods and landslides. "We

The Indian rupee slipped 26 paise to close below the 70-mark for the first time, reported news agency Press Trust of India (PTI). The fall in Indian currency was due to strong US dollar demand amid growing concerns over widening trade deficit. The Indian rupee collapsed

Reliance Jio has announced a flash sale of JioPhone 2 on August 30. The upcoming flash sale will begin at 12:00 pm on Thursday, August 30, according to the telecom company's website - jio.com. That will mark the second flash sale of JioPhone 2 - an

State-run Air India has come up with a discount offer on international flight tickets. Under the offer, Air India is offering 15 per cent discount on flight tickets to Europe in the business class and the offer is valid till August 23, 2018. One needs

Jet Airways announced a 'Seat Select' sale scheme, offering an opportunity to select preferred seats at Rs 200 for economy class passengers, said the airline in a press release issued today. Jet Airways' new offer is applicable for travelling across airline's domestic network of 45

Guwahati: Income Tax collection in the country stood at a record Rs 10.03 lakh crore during 2017-18, the Central Board of Direct Taxes (CBDT) today said. Addressing a two-day conference of Income Tax Administrators of Eastern Zone here, Shabri Bhattasali, Member of CBDT said that

Shares of full-service carrier Jet Airways Ltd rose as much as 4 per cent in morning trade on Friday after the airline's board decided to meet on August 27 to approve financial results for the quarter ended June 30. At 11:08 am, shares in the company were trading at 305.25 with a gain of

Jeff Bezos, meet Mukesh Ambani.

It’s time the Amazon.com Inc. boss took notice of his real rival in India, the only billion-strong consumer market open to Western tech firms. While Walmart Inc.’s acquisition this year of Flipkart Online Services Pvt., a homegrown e-tailer, might have given the impression that the battle for India would be an all

An RD or recurring deposit is a kind of term deposit wherein a fixed amount of money is deposited at fixed intervals, which generates interest income. On maturity, the depositor is paid a lump-sum amount which includes his/her periodic investments and the interest

Domestic currency and debt markets are closed on Friday on account of 'Parsi New Year', reported news agency Press Trust of India (PTI). Trading will now resume on Monday. However, local stock markets are functioning as normal. On Thursday, the Indian rupee slipped

Domestic stock markets closed Thursday's session on a negative note. The S-P BSE Sensex tanked 188.44 points, or 0.50 per cent, to end at 37,663.56. The NSE's Nifty50 index tripped 50.05 points or 0.44 per cent to settle at 11,385.05. The equity indices were down today,

Indian Railways has recently revamped train journey by introducing different types of coaches and trains. Currently, Indian Railways runs about 3,500 reserved trains which include Gatiman Express, Rajdhani Express, Humsafar Express, Tejas Express, Duronto Express,

Oil Marketing Companies (OMCs) hiked prices of diesel in four metro cities on Friday whereas petrol prices were left unchanged. Fuel rates were hiked on Thursday. Petrol can be purchased at a price of Rs. 77.20 per litre in Delhi, Rs. 84.63 per litre in Mumbai, Rs. 80.14 per litre in

Indian Railways in its new time-table has announced that it will introduce more of its niche trains -- Antyodaya Express, Uday Express and Tejas Express -- in the next 12 months. According to the Ministry of Railways' new 'Trains at a Glance' (TAG), includes the name of one new Antyodaya Express

New Delhi/Bengaluru: The government on Friday allowed import of petroleum coke or petcoke for use as feedstock in some industries, sending shares of cement manufacturers higher. Cement companies, which account for about three-fourths of the country's petcoke use, were impacted by petcoke-related policy flip-flops, which began with a Supreme Court

Stock Market on Friday: Asian shares won a modest reprieve on Friday.

Reliance Jio's high end model of the JioPhone, the JioPhone 2 went on a flash sale today at 12 pm on it's official website- jio.com. However, it soon went out of stock. The second flash sale will be held on August 30 at 12PM on jio.com only. JioPhone 2, which is an upgraded version of existing