Business

New Delhi: The government on Tuesday reported a fiscal deficit of Rs 4.29 lakh crore ($62.57 billion) for April-June, or 68.7 per cent of the budgeted target for the current fiscal year compared with 80.8 per cent a year ago.

Net tax receipts in the first

SBI or State Bank of India offers an auto debit facility for a customer to make contributions to his or her National Pension System (NPS) account. This was said by the country's largest bank, SBI, on microblogging site Twitter. NPS - which has no fixed

InterGlobe Aviation Ltd, which operates top Indian airline IndiGo, reported a 97 per cent plunge in first quarter profit hurt by higher fuel expenses and forex losses.

Profit for the quarter ended June 30 fell to Rs 27.7 crore from Rs 811 crore a year earlier, the company said on Monday.

Re

Reliance Industries Ltd (RIL) on Tuesday surpassed Tata Consultancy Services (TCS) in market capitalisation (market-cap) in India. At 1.08 pm, the market-cap of Reliance Industries on the BSE stood at around Rs 7.47 lakh crore, against the Rs 7.39

Mumbai: With retail inflation in the country having regained the 5 per cent mark, the Reserve Bank of India's Monetary Policy Committee (MPC) began its extraordinary three-day consultations on Monday for the second time before an announcement of its bi-monthly policy review slated for Wednesday.

A similar three-day meeting of the MPC had preceded

Gold prices lost some sheen today amid weak global cues. Gold prices slipped by Rs 30 to Rs 30,750 per ten gram at the bullion market while silver shed Rs 25 to Rs 39,200 per kg, reported news agency Press Trust of India (PTI). Investor sentiment turned

Share price of InterGlobe Aviation, which owns airline IndiGo, hit a 52-week low on Tuesday, a day after the company declared its earnings for the April-June period. At 12:25 pm, InterGlobe Aviation shares were trading at Rs 922.60, down 9 per cent

HDFC Bank launched share sales in India and the United States on Monday, as part of a previously announced plan to raise more than $2 billion.

The bank set a floor price at Rs 2,179.13 ($31.75) per share for the domestic share sale as well as the American Depositary Shares offering, according to a filing.

The second-biggest Indian lender by assets,

Three banks and two aircraft leasing firms have served default notices on Air India over the last few weeks, the Business Standard newspaper reported on Monday, raising concerns about the government-owned carrier's state of finances and credit-worthiness.

San Francisco, United States-based Wells Fargo Trust Services and UAE's state-owned Dubai

This has so far not been a great year for Apple in India, if we talk specifically about iPhones. Preliminary estimates suggest it has shipped just around one million units in the first half of 2018. Compared to this, in 2017, Apple shipped over 3.1 million iPhones in the country, according to CMR''s India Monthly Mobile Handset Report. It is only

Axis Bank posted a smaller-than-expected drop in quarterly profit on Monday as the country's third-biggest private sector lender by assets earned more from interest-bearing assets.

Loans grew 14 per cent from a year earlier, driven by retail and

The domestic stock market indices closed Monday's session on a strong note. The S-P BSE Sensex rallied 157.55 points, or 0.42 per cent, to close at 37,494.40. That marked a fifth consecutive record closing high for the 30-scrip BSE benchmark index. The NSE's N

When Apple reports results on Tuesday, investors will seek insight into upcoming new iPhones and how the current flagship iPhone X is performing. They also want executives' latest thoughts on the growing trade dispute between the U.S. and China. The

Jet Airways is introducing new flights within India at a starting price of Rs 2,399. According to the carrier's official website- jetairways.com, special fares are applicable in economy classes of airline's new flights. In order to avail the offer, travel must commence on or

Indian Railways currently offers concessions on ticket prices to 53 different categories, the quantum of which ranges from 25 per cent to 100 per cent, as mentioned on Railways official portal- indianrail.gov.in. For offline tickets, the reduction in

AirAsia has come up with a new discount offer on international flight tickets. Under the scheme, 'Buy More, Save More', AirAsia is offering up to 40 per cent off on international flight tickets, said the carrier on its official webiste -- airasia.com. To

State-owned carrier Air India has sought Rs 2,121 crore ($309 million) of additional equity from the government for the fiscal year 2018-19 to make pending payments to its vendors, a source at the airline told Reuters on Monday.

Air India owes about Rs 1,800 crore to its vendors, including lessors and banks that have demanded payment from the

State Bank of India, the largest lender of the country, has revised its fixed deposit (FD) interest rates with effect from today. FD interest rates have been revised across various maturities, amounts and for both general and senior citizens, stated SBI's

The stock markets traded on cautious lines amid the ongoing third bi-monthly monetary policy review of the Reserve Bank of India for fiscal 2019. The S-P BSE Sensex opened at 37,534.95 while the Nifty50 started at 11,311.05. In morning trade,

The post office - under India Post - offers several kinds of accounts for making investment today. India Post, which has a network of more than 1.55 lakh post offices across the country, offers a variety of banking and remittance services, other

Petrol and diesel prices were raised sharply across the four metro cities on Monday, according to Indian Oil Corporation (IOC). One litre of petrol was being sold in New Delhi for Rs 76.25, in Kolkata for Rs 79.14, in Mumbai for Rs 83.70 and in Chennai for Rs 79.20,

Despite a fall in global crude prices, petrol and diesel prices were raised today for the second straight day today across top four metro cities of the country with effect from 6 am, Indian Oil Corporation (IOC) stated.  Petrol prices were raised by 6 paise

IRCTC (Indian Railway Catering and Tourism Corporation) offers refund of money on online ticket cancellation. Once online cancellation of Indian Railways ticket is confirmed, the refund is credited back to the account used for booking as for normal Internet tickets, said

Share Market on Monday: Twenty-eight out of 50 Nifty stocks advanced in trade.

Do you carry a debit card or ATM card Top banks today, such as SBI (State Bank of India), HDFC Bank, ICICI Bank and Axis Bank, charge different fees for a variety of services related to debit cards or ATM cards. A debit card enables a bank

Software services exporter Tech Mahindra Ltd posted on Monday a lower-than-expected first-quarter profit, dented by higher expenses. The company's net profit rose to 8.98 billion rupees ($130.80 million) in the quarter ended June 30, from 7.99 billion rupees, a year earlier

Analysts on average had expected a net profit of 9.08 billion rupees,

Top banks today offer multiple services that enable the customer to make a wire transfer, or online money transfer. From net banking to phone banking, the customer today can choose from a number of options. NEFT, RTGS and IMPS are three popular

SBI or State Bank of India, the country's largest lender, offers a solution to most banking needs. SBI offers savings, recurring and fixed deposit (FD) accounts to its 42.42 crore customers as on March 31, 2018. SBI also offers zero balance savings accounts, which do not

Idea Cellular reported a surprise quarterly profit on Monday, helped by a one-time gain from the sale of its telecom towers.

Net profit came in at Rs 257 crore ($37.43 million) for the quarter ended June 30, compared with a net loss of Rs 815 crore

Mumbai: IT (information technology) giant Infosys Ltd said on Sunday it would build a software development centre in Noida in Uttar Pradesh, with an initial investment of about Rs 750 crore ($109 million). India's second-biggest software services exporter said the 2.7 million square feet facility would be able to accommodate 5,000 staff. "The