Business

Interest rates on small savings schemes for the quarter ending September have been kept unchanged. Interest rates on small savings schemes like public provident fund (PPF), national savings certificates (NSC), senior citizen savings schemes (SCSC),

New Delhi: The Reserve Bank of India on Wednesday issued license to Bank of China to operate in India, according to sources. According to reports, the decision was based on the commitment made by Prime Minister Narendra Modi to the Chinese leadership.

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New Delhi: The government on Tuesday declared its intent to change the base year for calculation of GDP and retail inflation to 2017-18 and 2018 respectively, likely to come to effect by fiscal 2019-20.

The previous base year revision for gross domestic product (GDP), the index of industrial production (IIP) and the consumer price index (CPI), or re

AirAsia is offering international flight tickets to Thailand starting from Rs 4,299, said the air carrier on its official website -- airasia.com. The offer is valid on travel till January 31, 2019 and bookings are open till July 8, 2018, it further said. AirAsia'a discount o

Tata Group, India's biggest conglomerate, is evaluating a proposal to integrate its food and beverage businesses into a single company, people with knowledge of the matter said.

The Mumbai-headquartered group is considering separating the salt and

Petrol and diesel prices remained constant for the eighth straight day on Wednesday. With the fuel rates remaining intact, petrol prices in New Delhi now stand at Rs 75.55 a litre, while diesel is sold for Rs 67.38 per litre. In Mumbai, petrol prices now stand at Rs 82.94, while

A new weekly Humsafar Superfast Express train connecting Jammu Tawi and Sealdah was flagged off on Tuesday by Rajen Gohain, Minister of State of Railways, reported Press Trust of India (PTI). According to a tweet posted by Northern Railway, the all-new

The government on Wednesday hiked the minimum support price (MSP) or purchase price for paddy crops up to Rs 200 per quintal as it looked to fulfill its poll promise to give farmers 50 per cent more rate than their cost of production. The decision, taken by the

The Supreme Court on Tuesday refused to grant a relief on a ban on cryptocurrencies imposed by the Reserve Bank of India (RBI). The central bank had in April this year issued a circular in which it had prohibited banks and financial institutions from providing

Mumbai: The National Company Law Tribunal (NCLT) today deferred to July 9 its judgement on a petition filed by Cyrus Mistry challenging his ouster as chairman of the Tata Sons group. NCLT Mumbai's special bench of B S V Prakash Kumar and V

SpiceJet is offering direct domestic flight tickets at a starting all-inclusive fare of Rs 999 under its 'Mega Monsoon Sale'. SpiceJet's new promotional sale offer is valid till July 8, 2018, said the carrier on it's official website- spicejet.com. The travel

The rupee on Tuesday made a strong comeback against the US dollar, a day after it touched a near five-year low of 68.80. Recovering by a steep 23 paise, the rupee ended at 68.57, on fresh dollar selling by exporters and corporates, reported news

State Bank of India (SBI), the largest lender of the country, offers many accounts that do not require you to maintain a minimum average balance or a monthly average balance. Such accounts, thus, can be maintained even if you do not have any

Activity in service industry rebounded in June from a mild contraction the prior month, a private survey showed, expanding at its quickest pace in a year on the back of a surge in new business orders. The Nikkei/IHS Markit Services Purchasing Managers' Index (PMI) climbed to 52.6 last month, its highest since June 2017, from 49.6 in May. The

Mumbai: Stock exchange BSE (Bombay Stock Exchange) will delist over 220 firms from its platform from Wednesday.

Stocks of 210 companies that have remained suspended for more than six months would be "delisted from the platforms of the exchange" with effect from July 4, 2018, according to the bourse.

Besides, the scrip of six companies that have been

Bharti Airtel -- country's largest telecom company -- is offering a cashback of Rs 400 on a recharge of Rs 399 for its prepaid customers, said the operator on microblogging website, Twitter. Telecom companies in the country are offering a host of discounts and cashback almost on a

Indian Railway's western wing (Western Railway) on Tuesday cancelled or rescheduled several trains in Mumbai after Andheri bridge collapse that adversely hit the train services in the state capital. However, a day after, the train schedule seemingly returned to

New Delhi: Giving a major relief to Reliance Communications (RCom), the Telecom Dispute Settlement and Appellate Tribunal (TDSAT) on Tuesday directed the Department of Telecommunications (DoT) to release the bank guarantee of Rs 2,000 crore given by

Large commercial banks tend to pay a higher interest rates to senior citizens on their fixed deposits (FDs). The citizens above the age of 60 stand to earn a rate which is higher by 50 basis points, whereas some banks such as Bandhan Bank offers 75 basis points

Indians' love for gold is well known, but they have a new-found fascination for electronics. That, however, is coming at a cost.

The relentless rise in purchases of smartphones, TVs and other goods have made electronics India's second-biggest import item after oil, and is

One year after India introduced a consumption tax, the results have been mixed.Hailed as one of the biggest reforms by Prime Minister Narendra Modi, the goods-and-services levy (GST) has helped increase tax collections in a country where compliance is historically low.

While monthly receipts have picked up after a chaotic rollout, they are still

Reserve Bank of India (RBI) on Wednesday tightened rules on banks' statutory auditors saying it reserved the right to not approve appointments of such auditors for a specified period if their audit quality was not found satisfactory. The Reserve

The Indian rupee strengthened further by 10 paise to open at 68.47 against US dollar in opening trade on Wednesday, reported Press Trust of India (PTI). The rise in Indian rupee at the Interbank Foreign Exchange is due to increased selling of the US currency by exporters and banks amid

Did you know you can request international money transfer through India Post, which runs the network of post office across the country Besides postal services, post offices under India Post also offer certain banking and remittance services. One of these facilities, called Money Transfer Service Scheme, enables individuals to make money transfer

Domestic stock markets closed Wednesday's session on a positive note. The S-P BSE Sensex rose 266.80 points, or 0.75 per cent, to close at 35,645.40. The NSE's Nifty50 index surged 70 points or 0.65 per cent and settled at 10,769.90. Domestic equity indices closed in green as government's

A day after posting considerable gains, Indian markets on Wednesday opened on a flat note. At 11 am, BSE Sensex fell 12 points to trade at 35,367. The NSE's benchmark index fell marginally lower to trade at 10,698 level. Power Grid and HDFC rose 1.3 percent and 0.93 percent respectively.This was followed by Reliance Industries (RIL) and Sun

New Delhi: The Supreme Court on Tuesday refused to stay a Reserve Bank of India (RBI) circular prohibiting banks and financial institutions from providing services in relation to cryptocurrencies. A bench headed by Chief Justice Dipak Misra issued notices to the

New Delhi: Gold prices surged by Rs 210 to Rs 31,570 per ten grams at the bullion market on Wednesday, largely driven by a firm trend overseas amid pick-up in buying by local jewellers, reported news agency Press Trust of India. However, silver remained under selling

New Delhi: At the instance of US Department of Homeland Security, Air India has restricted United States-bound passengers from carrying "powder-like substance" such as sugar, ground coffee and cosmetics in handbags, an airline official said. The US Department of H

Mumbai: Punjab National Bank (PNB) is closing nearly all its operations in a Mumbai branch that was at the heart of a $2 billion fraud, according to four sources with knowledge of the decision. The move to downsize the Brady House branch, which has come to