Business

Facebook earned $5.1 billion, or $1.74 per share, for the second quarter.

San Francisco: Facing global backlash over the massive Cambridge Analytica data scandal, Facebook stock nosedived 20 per cent -- wiping over $120 billion off the company's market value -- after its revenue and user growth in the second quarter of 2018 fell short of investor

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Besides decent annual returns, some of these post office schemes also offer income tax benefits.

India Post, the postal system of the country, offers several savings schemes which not only require modest contribution but also offer attractive investment return. Five savings schemes of India Post - savings account, recurring deposit account, fixed

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Petrol, diesel rates were the cheapest in national capital Delhi among the top four cities.

Even as global oil prices extended their gains for a third straight day on Thursday, local fuel retailers did not hike petrol, diesel prices. Thursday's prices, which came into effect from 6 am, were kept unchanged for the second day in a row, according to

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Share Market on Friday: ITC, ICICI Bank, Hero MotoCorp were the top gainers in the 30-share Sensex pack.

Dalal Street continued its marathon run on Friday as domestic stock markets opened at fresh record highs yet again. The Sensex opened at 37,253.86 while the Nifty50 at 11,232.75. It was fresh record

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Bank shares were boosted by more PSUs lining up to enrol for a scheme for faster bad-loan resolution

Domestic equity markets continued their record-breaking spree, with the benchmark indices Sensex and Nifty closing at fresh record highs on Thursday. Advancing for a fifth straight session, the Sensex gained 126 points to close at 36,984 on Thursday

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Bharat Heavy Electricals total revenue from operations rose 2.2 per cent to Rs 5,935 crore

State-run power plant equipment maker Bharat Heavy Electricals on Wednesday reported a standalone net profit of Rs 156 crore ($22.68 million) for the quarter ended June 30. Despite the nearly doubling of the net profit on a year-on-year basis, the net profit

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One litre of diesel was being sold in national capital New Delhi for Rs 67.72.

Diesel prices were slashed across the four metro cities on Friday, according to Indian Oil Corporation (IOC). One litre of diesel was being sold in national capital New Delhi for Rs 67.72, in Kolkata for Rs 70.43, in Mumbai for Rs 71.89, and in Chennai for Rs 71.52. On

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Vodafone-Idea merger, which was announced in March 2017, will topple current market leader Bharti Airtel.

The Department of Telecom (DoT) has given final approval to the merger of Vodafone India and Idea Cellular, news agency Press Trust of India (PTI) reported, citing government sources. The nod for Vodafone Idea came days after Idea Cellular and

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NHPC surged as much as 9.7 percent before closing 3.9 percent higher at Rs 24.15.

India’s ministries of finance and power are discussing a plan to sell government’s stake in hydro-power producer NHPC Ltd. to its state-run peer NTPC Ltd., the nation’s biggest electricity generator by capacity, according to people familiar with the matter.

The

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Biocon on Thursday reported a 47 per cent rise in net profit for the April-June period. Helped by higher income from its biologics and research services businesses, Biocon's net profit was above analysts' estimates.

Net profit rose to Rs 120 crore ($17.48 million) for the quarter ended June 30, from Rs 81.3 crore for the corresponding quarter a

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Drugmaker Dr Reddy's Laboratories posted an over seven-fold rise in first-quarter net profit on Thursday, handily beating market expectations, aided by the launch of a generic version of an opioid addiction drug.

Net profit came in at Rs 476 ($69.31 million) in the quarter ended June 30, compared with Rs 66.6 crore a year earlier, the company said.

A

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Ambuja Cements posted a 27 per cent increase in second-quarter profit on Wednesday, beating market estimates, helped by higher cement sales and lower expenses.

Standalone profit rose to Rs 499 crore ($72.60 million) in the quarter ended June 30, from Rs 392 crore a year earlier, the Mumbai-based company said.

Analysts on average had expected a

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In March 2017, two firms had announced that Vodafone will merge its India operations with Idea Cellular

Mumbai/New Delhi: Aditya Birla Group Chairman Kumar Mangalam Birla today said the government has given final approval to the Vodafone-Idea Cellular merger marking the beginning of an "exciting journey". Birla said he is "very optimistic" about

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Yes Bank's interest earned rose 41.3 per cent to Rs 6,578 crore.

Yes Bank Ltd beat analysts' estimates for quarterly profit on Thursday, helped by higher interest income and growth in its corporate banking division. Net profit rose to Rs 1,260 crore ($183.43 million) in the first quarter ended June 30, from Rs 966 crore. Analysts were expecting Rs

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Mukesh Ambani-owned Reliance Jio is offering a 100% cashback on prepaid recharge plans and JioFi.

Reliance Jio, the Mukesh Ambani-led telecom company, has released a spree of offers. Reliance Jio will also next month be releasing JioPhone 2, the second generation of JioPhone, the flagship feature phone of the company. Under the JioPhone Monsoon

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Assessees were required to file their income tax returns (ITR) by July 31 earlier

The government on Thursday extended the deadline for filing income tax return for assessment year 2018-19. The deadline of July 31, 2018 has been extended by a month, the Ministry of Finance said in a statement. That means the assessees can file their income tax

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Maruti Suzuki India shares were down 3.6 per cent on the NSE.

India's largest-selling car maker, Maruti Suzuki India Ltd, posted a rise of nearly 27 per cent in first-quarter profit on Thursday, boosted by higher sales volumes, but missed street estimates. The company, majority-owned by Japan's Suzuki Motor Corp, reported profit of Rs 1,975 crore

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Analysts on average had expected a net profit of Rs 1,004 crore, according to Thomson Reuters.

The world's largest two-wheeler maker, Hero MotoCorp Ltd, posted a lower-than-expected quarterly profit on Wednesday, hit by higher cost of materials. Profit after tax fell slightly to Rs 909 crore ($132.2 million) in the first quarter ended June 30,

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The Central Board of Direct Taxes is the apex policy-making body of the Income Tax Department

The Income Tax Department on Thursday gave assessees an extra month to file their ITR or income tax return for assessment year 2018-19 without any penalty. With that, August 31 became the new deadline for you to file your income tax return this year.

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The travel period on GoAir's offer is valid from August 1, to September 30, 2018.

AirAsia India and GoAir are offering discount on domestic flight tickets. Under the offer, AirAsia India is offering flight tickets from Rs. 1,399. The latest offer of AirAsia is valid till July 29, 2018, according to AirAsia's website, airasia.com. The scheme, the

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Gross bad loans as a percentage of total loans was 11.05 per cent at end-June.

State-run Canara Bank Ltd reported a surprise 11.9 per cent rise in first-quarter net profit on higher interest income while its bad-loan provisions increased slightly. Net profit was Rs 281 crore ($40.9 million) for the three months ended June 30, compared with Rs 252

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E-commerce company Snapdeal became cash flow positive in June, co-founders Kunal Bahl and Rohit Bansal said. "We now have achieved the milestone of earning money from our business. This is an incredible achievement for our company and industry, and one that puts us on the path to financial independence and the freedom to pursue long-term growth on

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In case of cancellation of trains for online tickets, automatic refund is granted.

IRCTC, the ticketing arm of Indian Railways, allows refund on a booked train ticket under certain conditions. While IRCTC allows refund through online and offline modes in case of cancellation of a regular train ticket, no refund - or money back - is permitted in

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JSW Steel Ltd reported a better-than-expected first-quarter net profit on Wednesday, boosted by higher steel prices and robust domestic demand. Net profit for the quarter ended on June 30 was at Rs 2,366 crore ($344.3 million), a nearly four-fold jump from the same quarter a year ago, the company said. That compared with an average estimate of Rs

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However, quarterly revenue from operations fell 21.2 per cent to Rs 10,875 crore.

Country's biggest cigarette maker ITC Ltd posted a better-than-expected 10 per cent rise in first-quarter profit on Thursday, as the company paid a significantly lower excise duty, a tax on manufactured goods. Profit rose to Rs 2,819 crore ($410.6 million) in the

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Share Market Update: At 11 am, the Sensex traded at 37,012.38 with a gain of 154.15 points or 0.42%.

Markets had a field day on Thursday as both the key equity benchmarks hit fresh life-time highs. The S-P BSE Sensex traded firmly above Mount 37,000 while the broader Nifty hit a new peak of 11,176.

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Sovereign gold remained flat at Rs 24,700 per piece of eight grams in limited deals.

Reversing its two-day losing streak, gold recovered by Rs 10 to Rs 30,850 per 10 grams, driven by a firm trend overseas amid scattered buying by local jewellers, reported news agency Press Trust of India. Silver also strengthened by Rs 155 to 39,480 per kg on

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Bharti Airtel had registered a net profit of Rs 367.3 crore for the quarter ended June 2017

Bharti Airtel on Thursday reported a net profit of Rs 97.3 crore for the April-June period. That marked a 73.5 per cent year-on-year decline compared from a net profit of Rs 367.3 crore for the quarter ended June 2017. The profit was boosted by tax gains in t

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The income tax e-filing process is completed only after you verify or e-verify your ITR after submission

Have you filed your income tax return (ITR) If not, you have to file your I-T return by July 31 in order to avoid penalty up to Rs 10,000. The Income Tax Department has provided seven ITR forms - ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and ITR

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Fixed deposit interest rates are fixed over specific tenures.

Fixed deposits or term deposits offered by banks are popular among customers because of the simple reason that they fetch higher interest rates than other savings schemes. Another reason for the popularity of bank fixed deposits is the convenience with which they can be created. Banks

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