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Business
Infosys' revenue came in at Rs. 19,128 crore, down 5.8% on a quarter-on-quarter basis.
Infosys announced a 1:1 bonus for its shareholders on Friday. A 1:1 bonus means that the shareholder will get one share for each share held. The board of Infosys, in its meeting held on July 13, 2018, recommended a bonus issue of one equity share for every equity
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Read more: Infosys Announces 1:1 Bonus Shares, Details Here
Write comment (94 Comments)After striking an all-time highs on Thursday, domestic equity indices surged further on Friday. The S-P BSE Sensex struck a fresh record high by opening above the 36,600 level at 36,635.14 for the very first time ever. The NSE barometer Nifty50 also opened above the crucial 11,550 level at 11,056.90 for the very first time ever. Nevertheless, the indices were
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Read more: Sensex, Nifty Recede From Record Highs; Infosys Rises Nearly 2%
Write comment (92 Comments)Retail inflation remains above the RBI's medium-term target of 4 per cent.
Retail inflation accelerated to a five-month high of 5 per cent in June, from 4.87 per cent in the previous month, official data showed on Thursday. Economists in a poll by news agency Reuters had expected retail inflation - also known as consumer inflation - at an annual
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Read more: Consumer Inflation Zooms To 5% In June; Factory Output Falls In May
Write comment (99 Comments)Sensex, Nifty on Friday: Twenty three stocks on the 50-scrip Nifty index closed higher
Domestic stock markets finished nearly unchanged on Friday, a day after government data showed that retail inflation soared to a five-month high of 5 per cent in June. BSE benchmark index Sensex closed 6 points lower at 36,541 while the NSE Nifty lost 4 points to
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Read more: Sensex, Nifty Close Flat After Inflation Soars
Write comment (92 Comments)HCL Tech share price lost 2% in trade on Friday.
HCL Tech share price lost 2 per cent in trade on Friday after the company announced a share buyback offer worth Rs 4,000 crore. At 11:03 am, on the Bombay Stock Exchange (BSE) HCL Tech share price was at Rs 983.45, down Rs 21.85 or 2.17 per cent. At the same time, on the National Stock Exchange (NSE)
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Read more: HCL Tech Loses Over 2% After Share Buyback Approval
Write comment (100 Comments)Repeating deposit rate of interest, once identified, do not change throughout the tenure.Recurring deposits or RDs enable you to save cash frequently and build your savings upon your deposits. For risk-averse financiers - who hesitate to take any threats on their financial investment - recurring deposits are a best bet. Repeating deposits allow them to
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Read more: RD Interest Rates: AU Small Finance Bank Vs Suryoday Bank Vs Post Offices
Write comment (90 Comments)India's gross domestic product (GDP) was valued at $2.597 trillion at the end of 2017.
New Delhi: Union Minister Arun Jaitley today exuded confidence that India will pip Great Britain to become the fifth largest economy in the world next year if economic expansion continues at the projected rate. However, rising international crude oil prices and
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Read more: India To Become 5th Largest Economy Next Year: Arun Jaitley
Write comment (91 Comments)IHH Healthcare's deal is at a 19.5% premium to Fortis' closing price on Thursday.MUMBAI: Fortis Healthcare Ltd stated on Friday it accepted a financial investment offer from Malaysia's IHH Healthcare Bhd, topping a months-long bidding war for control of the firm that drew interest from domestic and worldwide suitors.Cash-strapped Fortis said IHH will
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Read more: Fortis Accepts Malaysia's IHH Healthcare Investment Bid For 4,000 Crores
Write comment (90 Comments)Reliance is the second Indian corporate after TCS in April surpassed the $100 billion value mark.
Reliance Industries Ltd. is back in the $100 billion club, a journey that has taken more than a decade.
Shares for the billionaire Mukesh Ambani-helmed company jumped as much as 5.8 per cent on Thursday, sending the market value to Rs 6.9 lakh crore.
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Read more: Reliance Gives India Second $100-Billion Firm in Three Months
Write comment (93 Comments)Jet Airways is also offering 10 per cent discount on domestic flight tickets.
Jet Airways is offering a discount of 20 per cent on base fare in premiere and economy category on international flight tickets, said country's second largest private airline on its website -- jetairways.in. However, the airline's discount offer is valid only for travel
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Read more: Jet Airways Offers 20% Discount on Select International Routes
Write comment (92 Comments)Petrol, Diesel Prices Today: The new fuel rates are applicable from 6 am on July 13, 2018.
Oil Marketing Companies (OMCs) increased the prices of petrol and diesel across the nation for the second straight day on Friday. According to the rate chart of IOC (Indian Oil Corporation), petrol is now being sold at Rs 76.76 per litre in Delhi and Rs 84.14
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Read more: Petrol, Diesel Prices Hiked For Second Straight Day: Check Rates Here
Write comment (100 Comments)The lead was driven by gains in financial stocks such as HDFC Bank Ltd and energy shares.
Domestic stock market indices surged on Thursday, with the S-P BSE Sensex index registering an all-time closing high. The S-P BSE Sensex today rallied 282.48 points, or 0.78 per cent, to close at 36,548.41, higher than its last record closing high of
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Read more: Sensex At All-Time Closing High, Nifty Reclaims 11,000 After 5 Months
Write comment (97 Comments)ATM charges: Top banks today permit a certain number of free ATM transactions every month
Most banks today permit their customers a stipulated number of ATM transactions free of cost every month. Banks such as SBI or State Bank of India and ICICI Bank, and even the post office, which offers several types of savings schemes and remittance services,
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Read more: ATM Transaction Charges: SBI Vs ICICI Bank Vs Post Office
Write comment (90 Comments)IndiGo is offering domestic flight tickets at a starting cost of Rs. 1,212 under it's 4-day sale.Airlines, on the back of monsoon, have developed marked down domestic and global flight tickets. IndiGo, country's largest carrier, is using domestic flight tickets at a beginning cost of Rs. 1,212. SpiceJet is also using direct
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Read more: IndiGo, SpiceJet, AirAsia Offer Discount On Flight Tickets. Details Here
Write comment (95 Comments)Sales of bitumen, used for making roads, were 28.6 per cent up.
India's fuel demand rose 8.7 per cent in June compared with the same month last year. Consumption of fuel, a proxy for oil demand, totalled 17.99 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed. Sales of gasoline, or petrol, were
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Read more: India's Fuel Consumption Rose 8.7% In June
Write comment (99 Comments)Fixed deposit (FD) interest rates help customers save money over a period of time.
These days, fixed deposits or FDs can be created with just a click. Leading banks offer the option of creating online fixed deposits. Fixed deposit interest rates help customers save money over a period of time and also earn an interest income on the same. However,
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Read more: FD Interest Rates: SBI Vs IndusInd Bank Vs HDFC Bank Vs ICICI Bank
Write comment (94 Comments)Infosys Q1 Earnings: HDFC Securities estimates Infosys to report a revenue of $2,835 million.
Infosys is set to report its earnings for the April-June quarter post-market hours today. Analysts and investors will monitor the quarterly report card by the country's second largest IT company closely. All eyes will be on the revenue guidance, p
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Write comment (98 Comments)Sovereign gold, however, remained unaltered at Rs 24,800 per piece of eight gram.
New Delhi: Gold shed Rs 140 to Rs 31,210 per ten gram on Thursday in line with a subdued trend overseas and muted demand from local jewellers, reported news agency Press Trust of India (PTI). Silver followed suit and slipped by Rs 470 to Rs 40,030 per kg owing to
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Read more: Gold Prices Fall For Five Straight Days: 5 Things To Know
Write comment (91 Comments)Infosys Q1 earnings: The IT major maintained its revenue guidance for 2018-19
Infosys announced its earnings for the April-June quarter today. Net profit came in at Rs. 3,612 crore, missing analysts' estimates. Analysts had on on average expected a net profit of Rs. 3,740 crore, according to Thomson Reuters data. With that, Infosys became the s
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Read more: Core Services Emphasis Resonating With Clients: Infosys CEO Salil Parekh
Write comment (97 Comments)On Thursday, share price of HCL Technologies closed 1.03% higher at Rs 1,005.30, on the BSE.
Mumbai: The board of IT (information technology) major HCL Technologies on Thursday approved the buy back of up to 3,63,63,636 equity shares of Rs 2 face value at Rs 1,100 per share for about Rs 4,000 crore. The buy-back size is "14.83 per cent and 11.59
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Read more: HCL Tech Announces Share Buyback Worth Rs 4,000 Crore
Write comment (93 Comments)Indian Railways all-new 'Shri Ramayana Express' will start from November 14, 2018 from Delhi.
Indian Railways has announced a special tourist train 'Shri Ramayana Express', covering all places from Ayodhya to Colombo via Rameshwaram, tweeted Piyush Goyal, Minister of Railways and Coal from his official handle- @PiyushGoyal. Indian Railways all-new
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Read more: Indian Railways 'Shri Ramayana Express' To Offer 16-Day Tour At Rs 15,120
Write comment (99 Comments)On Thursday, the rupee surged by 20 paise to end at a one-week high of 68.57.
Rising for the third straight day, the rupee on Friday strengthened by 23 paise to open at 68.32 against the US dollar in the early trade, reported news agency Press Trust of India (PTI). The rise in Indian currency is amid the easing food prices and continued selling of
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Read more: Rupee Rises Against US Dollar In Opening Trade: 5 Things To Know
Write comment (92 Comments)Rupee Dollar Rate: Rupee touched a high of 68.50 in early trade.
The rupee on Thursday surged by 20 paise to end at a one-week high of 68.57 against the US dollar buoyed by a steep fall in crude prices and a strong rally in equity markets. Forex market witnessed a revival in sentiment after crude prices plunged the most in two years on supply glut
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Read more: Rupee Closes At 1-Week High Against Dollar
Write comment (100 Comments)Jayshree Ullal (left) and Neerja Sethi are ranked 18th and 21st, respectively.
New York: Indian-origin technology executives Jayshree Ullal and Neerja Sethi have made it to the Forbes' list of America's 60 richest self-made women, with 21-year-old reality-TV star and entrepreneur Kylie Jenner the youngest to be featured in the power list. Ullal is
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Read more: Two Indian-Origin Persons On Forbes List Of US' Richest Self-Made Women
Write comment (90 Comments)Infosys share price got over 2 percent on both the essential domestic standards ahead of the statement of the business's June quarter's results.
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Read more: Infosys Shares Lead Markets; Up Over 2% In Front Of Q1 Earnings
Write comment (96 Comments)Surging prices of petrol, diesel led to high inflation in June.
Mumbai/Bengaluru:Retail inflation rate accelerated to a five-month high of 5.0 per cent in June, government data showed on Thursday, driven by higher fuel prices and a depreciating rupee. Analysts polled by Reuters had forecast June's annual increase in the consumer price index at 5.30
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Read more: As Inflation Soars, RBI Seen Hiking Key Rates Twice In 2018-19
Write comment (97 Comments)Co-working spaces can be rented out on an hourly, daily or monthly basis.
With a surge in the number of start-ups in the country, firms are also facing a space crunch. Thus, the idea of co-working spaces is gathering pace among start-ups. In fact, the demand for co-working space has seen a rampant rise in 2018. Co-working spaces are common shared
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Read more: The Benefits And Pitfalls Of Sharing Workspaces
Write comment (96 Comments)Technology companies and airlines dominated the highest-rated workplaces.
Facebook -despite suffering through what could be charitably described as a turbulent year-was ranked as best place to work in 2018, according to Indeed.
The career website compiled its annual list of the 50 top-rated workplaces, based on 72 million employer ratings and
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Read more: Facebook Wins Title Of Best Company To Work For In US
Write comment (96 Comments)In November last year, however, the government revised GST on most FMCGs down from 28% to 18%.
It's not all bad news when it comes to the Goods and Services Tax (GST). While micro, small and medium enterprises (MSMEs) may be drowning in hidden overheads, industries like auto manufacturers and fast moving consumer goods (FMCG) have reasons to be
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Read more: Will GST Make Or Break Your Business Here's What Industry Says
Write comment (95 Comments)At 1:19 pm, RIL shares were trading at Rs 1092.70, with a gain of Rs 56.35 or 5.44 per cent on the BSE.
Shares of billionaire Mukesh Ambani-led Reliance Industries (RIL) scaled a fresh peak on Thursday as they hit a new 52-week high. With that, the market capitalisation of RIL crossed the $100 billion mark. In intraday trade, RIL share price hit a
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Read more: RIL Shares Hit Fresh 52-Week High, Market Cap Surpasses $100 Billion
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