Success Is Yours: August 2019

Saturday, August 31, 2019

Auto Sales May Plunge Up To 30% In August: Poll

As per SIAM figures, domestic passenger car sales in July plunged by 35.95 per cent to 122,956 units against 191,979 units sold in July 2018.

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Auto Sales May Plunge Up To 30% In August: Poll

As per SIAM figures, domestic passenger car sales in July plunged by 35.95 per cent to 122,956 units against 191,979 units sold in July 2018.

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SBI Repo-Linked Home Loan Rate Falls From Today, Details Here

A repo rate-linked home loan means that any changes in the key interest rate by the central bank are passed on directly to the customers.

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SBI Repo-Linked Home Loan Rate Falls From Today, Details Here

A repo rate-linked home loan means that any changes in the key interest rate by the central bank are passed on directly to the customers.

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Macro Data, Auto Sales Figures To Impact Equity Indices: Analysts

Trends in global markets and the rupee's movement against the US dollar will also dictate trend of key indices, said the report.

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Macro Data, Auto Sales Figures To Impact Equity Indices: Analysts

Trends in global markets and the rupee's movement against the US dollar will also dictate trend of key indices, said the report.

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PNB's Board To Meet Soon On Merger With Oriental Bank, United Bank

The bank has received a communication from the Ministry of Finance that the alternative mechanism after consultation with Reserve Bank of India (RBI) has decided that Punjab National Bank, Oriental...

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Bank Merger Will Not Help Recover Bad Loans:Bank Employees' Association

The government on Friday announced a mega plan to merge 10 state-run public sector banks into four large entities to address economic concerns.

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HDFC Bank Revises Fixed Deposit Interest Rates

On fixed deposits of a one-year maturity period, the private sector bank has lowered its interest rates by 20 basis points.

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PNB's Board To Meet Soon On Merger With Oriental Bank, United Bank

Bank Merger Will Not Help Recover Bad Loans:Bank Employees' Association

The government on Friday announced a mega plan to merge 10 state-run public sector banks into four large entities to address economic concerns.

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HDFC Bank Revises Fixed Deposit Interest Rates

On fixed deposits of a one-year maturity period, the private sector bank has lowered its interest rates by 20 basis points.

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Income Tax Returns (ITR) Filing Deadline Ends Today. Ten Things To Know

The deadline for filing income tax returns for assessment year 2019-20 (financial year 2018-19) ends today. It is compulsory for individuals earning a specified amount of income in a year to file...

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Income Tax Returns (ITR) Filing Deadline Ends Today. Ten Things To Know

Mega Bank Merger " A Big Bang Step", Says Uday Kotak

The Punjab National Bank, Oriental Bank of Commerce and United Bank will merge to form the country's second largest public sector bank with a business of Rs.17.95 lakh crore, Finance Minister Nirmala...

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Mega Bank Merger " A Big Bang Step", Says Uday Kotak

As Growth Slumps To 6-Year Low, Goldman Sachs Predicts Deeper Rate Cuts

Sovereign bonds fell in August, with the yield on benchmark 10-year notes rising by 19 basis points amid worries the government may borrow more to finance any potential fiscal stimulus to boost a...

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As Growth Slumps To 6-Year Low, Goldman Sachs Predicts Deeper Rate Cuts

What Small Manufacturers Say About New Foreign Investment Rules

Contract manufacturing is the outsourcing of part of the manufacturing process of a product to a third-party, specializing in design, production, assembly and distribution.

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What Small Manufacturers Say About New Foreign Investment Rules

IndiGo Announces New International Flights, Fare Details Here

The new flights are designed to cater to business and leisure travellers, who are constantly on the lookout for new and affordable flying options, the airline said in a statement.

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IndiGo Announces New International Flights, Fare Details Here

Friday, August 30, 2019

Indebted IL&FS Gets Binding Bids For 10 Road Assets

IL&FS, a major infrastructure financing and construction company, collapsed late last year after a series of defaults that triggered fear of contagion in India's financial sector and forced the...

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Indebted IL&FS Gets Binding Bids For 10 Road Assets

April-July Fiscal Deficit Crosses 77% Of Budgeted Target

Net tax receipts in the first four months of the fiscal year were Rs 3.39 lakh crorerupees, while total expenditure was Rs 9.47 lakh crore rupees, government data showed.

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Sensex, Nifty Snap Two-Day Losing Streak Led By HDFC, ICICI Bank

The Sensex ended 264 points or 0.7 per cent higher at 37,333 and the Nifty 50 index climbed 75 points or 0.7 per cent to close at 11,023.

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Sensex, Nifty Snap Two-Day Losing Streak Led By HDFC, ICICI Bank

The Sensex ended 264 points or 0.7 per cent higher at 37,333 and the Nifty 50 index climbed 75 points or 0.7 per cent to close at 11,023.

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No Extension In August 31 Due Date To File Return: Income Tax Department

The first deadline to file the ITR was July 31, which was extended to August 31 after the taxpayers faced issues in filing the ITR.

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No Extension In August 31 Due Date To File Return: Income Tax Department

The first deadline to file the ITR was July 31, which was extended to August 31 after the taxpayers faced issues in filing the ITR.

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GDP Growth Likely Stood at 5.7% In June Quarter: 10 Things To Know

The government will today release data on GDP or gross domestic product for the quarter ended June 30 today. Many economists expect the data to show that the expansion in India's GDP slowed for a...

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Sensex Recovers 489 Points From Day's Low Led By Banks

Nine of 11 sector gauges compiled by National Stock Exchange were trading higher led by the Nifty FMCG index's 1.4 per cent gain.

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GDP Growth Likely Stood at 5.7% In June Quarter: 10 Things To Know

Sensex Recovers 489 Points From Day's Low Led By Banks

Nine of 11 sector gauges compiled by National Stock Exchange were trading higher led by the Nifty FMCG index's 1.4 per cent gain.

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Adani Green Energy To Buy Essel Group's Solar Assets

Gautam Adani-led by Adani Group's Adani Energy has signed an agreement to buy solar assets of Essel Group, Adani Green Energy said in an exchange notification.

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Adani Green Energy To Buy Essel Group's Solar Assets

SBI To Offer New Repo-Linked Home Loan Rates From September 1

State Bank of India (SBI), the country's largest bank, recently announced the launch of repo-linked home loans at interest rates starting from 8.05 per cent. The new interest rates will be applicable...

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SBI To Offer New Repo-Linked Home Loan Rates From September 1

Thursday, August 29, 2019

Sensex Plunges Over 450 Points From Day's High: Five Things To Know

Extending losses to a third day running, domestic stock markets registered sharp losses in late morning deals on Friday ahead of the release of macroeconomic data by the government. The S&P BSE Sensex...

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Sensex Plunges Over 450 Points From Day's High: Five Things To Know

India's Growth Slowdown Set to Deepen as Consumers Buckle

Finance Minister Nirmala Sitharaman is still considering whether to use the windfall from the central bank to cut borrowings or boost spending.

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India's Growth Slowdown Set to Deepen as Consumers Buckle

Finance Minister Nirmala Sitharaman is still considering whether to use the windfall from the central bank to cut borrowings or boost spending.

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Rupee Advances To 71.62 Against Dollar: 10 Things To Know

The rupee rose by as much as 18 paise against the US dollar on Friday. The rupee opened higher at 71.76 against the greenback, and climbed to as high as 71.62 at one point by late morning deals....

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Rupee Advances To 71.62 Against Dollar: 10 Things To Know

Sensex Rises Over 150 Points, Nifty Hits 11,000 Mark

The government will release GDP or gross domestic product data for the quarter ended June 30 after market hours.

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Sensex Rises Over 150 Points, Nifty Hits 11,000 Mark

The government will release GDP or gross domestic product data for the quarter ended June 30 after market hours.

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Mukesh Ambani's Jio May Control 45% Of Market By 2022: India Ratings

Mukesh Ambani stormed into the industry in 2016 and has bet his carrier can outlast rivals while offering some of the lowest prices for services and handsets.

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Mukesh Ambani's Jio May Control 45% Of Market By 2022: India Ratings

Forever 21 Prepares For Potential Bankruptcy Filing: Report

Forever 21 is one of the biggest mall tenants still standing after a wave of bankruptcies in the retail sector.

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Economic Growth Seen Slipping In April-June, More Stimulus Expected: Poll

If the latest number for expansion of gross domestic product is 5.7 per cent or less, the quarter had the slowest expansion in 21 quarters, since 5.3% in January-March 2014.

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Forever 21 Prepares For Potential Bankruptcy Filing: Report

Forever 21 is one of the biggest mall tenants still standing after a wave of bankruptcies in the retail sector.

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Sensex Seen Hitting 39,800 By June 2020: Poll

The poll of over 50 strategists taken over the past week showed the Sensex will gain 2% to 38,400 by end-2019 from Tuesday's close of 37,641.27.

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Sensex Seen Hitting 39,800 By June 2020: Poll

The poll of over 50 strategists taken over the past week showed the Sensex will gain 2% to 38,400 by end-2019 from Tuesday's close of 37,641.27.

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IndianBulls Housing Finance Shares Plunge 8% After Nifty50 Exclusion

At 1:42 pm, Indiabulls Housing Finance shares were trading lower 4.96 per cent at Rs 434.55 on the NSE.

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Yes Bank Shares Fall Over 7% After Moody's Downgrade

On the National Stock Exchange (NSE), Yes Bank shares opened lower at Rs 59.25 apiece and dropped to as much as Rs 55 apiece, marking a decrease of 7.56 per cent.

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IndianBulls Housing Finance Shares Plunge 8% After Nifty50 Exclusion

At 1:42 pm, Indiabulls Housing Finance shares were trading lower 4.96 per cent at Rs 434.55 on the NSE.

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Yes Bank Shares Fall Over 7% After Moody's Downgrade

CG Power Board Removes Gautam Thapar As Chairman

On August 19, CG Power's Risk and Audit Committee had raised red flags on five counts which were prejudicial to the company.

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CG Power Board Removes Gautam Thapar As Chairman

On August 19, CG Power's Risk and Audit Committee had raised red flags on five counts which were prejudicial to the company.

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Sensex Drops Over 300 Points, Nifty Breaks 10,950 As Banks Drag

Sixteen of 19 sector gauges compiled by BSE were trading lower led by the S&P BSE Bankex index's 1.6 per cent fall.

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Sensex Drops Over 300 Points, Nifty Breaks 10,950 As Banks Drag

Sixteen of 19 sector gauges compiled by BSE were trading lower led by the S&P BSE Bankex index's 1.6 per cent fall.

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Wednesday, August 28, 2019

Rupee Moves Lower To 72.04 Against Dollar: 10 Things To Know

The rupee fell as much as 27 paise against the dollar on Thursday. Analysts said weak domestic stock markets and persistence foreign fund outflows led to the declines in the local currency. Pessimism...

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Apple To Start Online Sales "Within Months" After New FDI Rules: Report

Selling online will be a big step forward for Apple in a country where counterfeit products abound in online platforms increasing buyers' distrust.

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Rupee Moves Lower To 72.04 Against Dollar: 10 Things To Know

Apple To Start Online Sales "Within Months" After New FDI Rules: Report

Google To Shut Down Online Job Service 'Hire': 5 Things To Know

"Hire" came into existence after Google acquired Bebop -- a company started by Greene -- for a reported $380 million in 2015.

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Google To Shut Down Online Job Service 'Hire': 5 Things To Know

"Hire" came into existence after Google acquired Bebop -- a company started by Greene -- for a reported $380 million in 2015.

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Sensex Falls Over 250 Points, Nifty Slides Below 11,000

The Sensex and Nifty had finished 189.43 points - or 0.50 per cent - and 59.25 points - or0.53 per cent - on Wednesday.

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Sensex Falls Over 250 Points, Nifty Slides Below 11,000

The Sensex and Nifty had finished 189.43 points - or 0.50 per cent - and 59.25 points - or0.53 per cent - on Wednesday.

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"India's A Big Market": Coming Soon, Tiffany Stores In Delhi, Mumbai

Tiffany will start with two stores -- one in New Delhi and another in Mumbai -- that will carry the same assortment of silver and gold bracelets, necklaces and rings available in other markets, along...

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"India's A Big Market": Coming Soon, Tiffany Stores In Delhi, Mumbai

ICICI Bank Deploys Robotic Arms To Count Currency Notes

These Robotic Arms are currently functioning at Mumbai, and Sangli (Maharashtra), New Delhi, Bengaluru and Mangaluru (Karnataka), Jaipur, Hyderabad, Chandigarh, Bhopal, Raipur, Siliguri and Varanasi,...

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Moody's Changes Outlook For Asian Steel Producers To "Negative"

Prices of iron ore and coking coal, two key steelmaking inputs, have surged by more than 60 per cent and 20 per cent in the year to June 2019.

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Sensex, Nifty Extend Losses As Banking, Metal Shares Drag

Eight of 11 sector gauges compiled by National Stock Exchange were trading lower led by the Nifty Metal index's 3.2 per cent fall.

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Moody's Changes Outlook For Asian Steel Producers To "Negative"

Prices of iron ore and coking coal, two key steelmaking inputs, have surged by more than 60 per cent and 20 per cent in the year to June 2019.

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Sensex, Nifty Extend Losses As Banking, Metal Shares Drag

Eight of 11 sector gauges compiled by National Stock Exchange were trading lower led by the Nifty Metal index's 3.2 per cent fall.

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IndiGo Offers Flight Tickets From Rs 1,298, Details Here

IndiGo sale: Passengers can book tickets under the scheme - which is valid for travel till March 28, 2020 - till August 30.

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IndiGo Offers Flight Tickets From Rs 1,298, Details Here

IndiGo sale: Passengers can book tickets under the scheme - which is valid for travel till March 28, 2020 - till August 30.

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Fake-Branded Bars Slip Dirty Gold Into World Markets

Gold bars fraudulently stamped with the logos of major refineries are being inserted into the global market to launder smuggled or illegal gold.

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Indian Oil Plans Rs 2 Lakh Crore Investment By 2023-24: Chairman

IOC through its 11 refineries controls about a third of country's 5 million-barrel-per-day (bpd) refining capacity.

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Fake-Branded Bars Slip Dirty Gold Into World Markets

Gold bars fraudulently stamped with the logos of major refineries are being inserted into the global market to launder smuggled or illegal gold.

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Indian Oil Plans Rs 2 Lakh Crore Investment By 2023-24: Chairman

IOC through its 11 refineries controls about a third of country's 5 million-barrel-per-day (bpd) refining capacity.

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Sensex Drops Over 200 Points As Markets Break 3-Day Winning Run

Domestic stock markets registered sharp losses as a selloff in financial and metal stocks deepened in late morning deals on Wednesday, breaking three consecutive days of gains in which the benchmark...

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Sensex Drops Over 200 Points As Markets Break 3-Day Winning Run

Tuesday, August 27, 2019

Rate Cuts Not Enough To Re-Fire Damp Housing Market: Poll

A majority of respondents in the August13-27 survey said risks to those already-modest predictions were skewed more to the downside.

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Rate Cuts Not Enough To Re-Fire Damp Housing Market: Poll

A majority of respondents in the August13-27 survey said risks to those already-modest predictions were skewed more to the downside.

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Income Tax Return (ITR) Filing Deadline Ends In 3 Days: 10 Things To Know

Only three days are left to file income tax returns (ITR) for assessment year 2019-20(financial year 2018-19). It is compulsory for individuals who earn a specified amount of annual income to file ITR...

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Income Tax Return (ITR) Filing Deadline Ends In 3 Days: 10 Things To Know

Sensex, Nifty Turn Flat Amid Choppy Trade

The Sensex had climbed 1,168.34 points - or 3.20 per cent - and the Nifty risen 364.00 points - or 3.39 per cent - in the past three sessions.

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Sensex, Nifty Turn Flat Amid Choppy Trade

The Sensex had climbed 1,168.34 points - or 3.20 per cent - and the Nifty risen 364.00 points - or 3.39 per cent - in the past three sessions.

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What Government Can Do With Rs 1.76 Lakh Crore Windfall From RBI

Finance Minister Nirmala Sitharaman last week announced various measures to spur growth, including hastening the capital infusion into state-run lenders.

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What Government Can Do With Rs 1.76 Lakh Crore Windfall From RBI

Rupee Set For Worst Monthly Loss In 6 Years

Weak fundamentals aside, the currency is also in a seasonally weak month. The rupee has slid an average 2.3 per cent in August over the past nine years, data compiled by Bloomberg show. Yet this time,...

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Rupee Set For Worst Monthly Loss In 6 Years

Sensex, Nifty Gain For Second Straight Day; Tata Motors Surges 9%

Eight of 11 sector gauges compiled by National Stock Exchange ended higher led by the Nifty PSU Bank index's 2.5 per cent gain.

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Infosys Closes Rs 8,260 Crore Buyback Offer; Shares Fall

In January, the company had announced that it will buy back shares for an amount aggregating up to Rs 8,260 crore (maximum buyback size).

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Infosys Closes Rs 8,260 Crore Buyback Offer; Shares Fall

In January, the company had announced that it will buy back shares for an amount aggregating up to Rs 8,260 crore (maximum buyback size).

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Sensex, Nifty Off Day's Highs; Infosys, TCS Top Drags

Sixteen of 19 sector gauges compiled by BSE were trading higher led by the S&P BSE Utilities index's 2 per cent gain.

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Sensex, Nifty Off Day's Highs; Infosys, TCS Top Drags

Sixteen of 19 sector gauges compiled by BSE were trading higher led by the S&P BSE Utilities index's 2 per cent gain.

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Bonds At Three-Week High, Rupee Gains After RBI Payout To Government

The benchmark 10-year bond yield was at 6.44 per cent, down 4 basis points (bps) on the day after having earlier dropped to a low of 6.35 per cent, its lowest since August 7.

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Bonds At Three-Week High, Rupee Gains After RBI Payout To Government

India GDP Growth Seen At 5-Year Low Of 5.7% In June Quarter: Poll

The poll median showed the economy was expected to have grown at a year-on-year pace of 5.7 per cent in the June quarter, a touch slower than 5.8 per cent in the preceding three months.

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India GDP Growth Seen At 5-Year Low Of 5.7% In June Quarter: Poll

Monday, August 26, 2019

Maruti Suzuki Cuts 3,000 Contractual Jobs

Safety norms and higher taxes have "added substantially" to the cost of cars, affecting their affordability.

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Maruti Suzuki Cuts 3,000 Contractual Jobs

Safety norms and higher taxes have "added substantially" to the cost of cars, affecting their affordability.

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Moody's Cautious Over Government Measures To Boost Economy

Moody's has cut India's GDP growth forecast for the calendar year 2019 to 6.2 per cent from its previous estimate of 6.8 per cent. For calendar year 2020, it reduced the estimate to 6.7 per cent.

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Moody's Cautious Over Government Measures To Boost Economy

Sensex Up 200 Points, Nifty Firm Above 11,100: 10 Things To Know

The S&P BSE Sensex and NSE Nifty 50 indexes were trading firmly higher after the Reserve Bank of India's central board decided to payout Rs 1.76 lakh crore of excess funds to the central government....

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Sensex Up 200 Points, Nifty Firm Above 11,100: 10 Things To Know

RBI To Make Rs 1.76-Lakh-Crore Payout To Government: 10 Things To Know

The Reserve Bank of India's Central Board on Friday decided on a payout of Rs 1.76 lakh crore to the government, after an expert committee chaired by former Governor Bimal Jalan made its...

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RBI To Make Rs 1.76-Lakh-Crore Payout To Government: 10 Things To Know

Sensex Rises 200 Points, Nifty Tops 11,100

The Sensex and Nifty indexes had on Monday finished 2.16 per cent and 2.11 per cent higher respectively, in their biggest single-day gain since May 20.

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Sensex Rises 200 Points, Nifty Tops 11,100

Deutsche Bank, Amid Job Cuts, On Biggest Bout Of Hiring In India In Years

Deutsche Bank started its India operations in 1980 and now has about 1,800 employees in businesses including retail and wholesale banking, investment-banking advisory and wealth-management services.

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Deutsche Bank, Amid Job Cuts, On Biggest Bout Of Hiring In India In Years

RBI's Rs 1.76 Lakh Crore Payout To Help Government Manage Fiscal Deficit

Finance Minister Nirmala Sitharaman last week announced various steps to spur growth including hastening capital infusion in state-run lenders even as she strives to meet a narrower fiscal gap goal of...

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RBI's Rs 1.76 Lakh Crore Payout To Help Government Manage Fiscal Deficit

Sensex, Nifty Clock Biggest Gain In 3 Months On Steps To Shore Up Economy

Finance Minister Nirmala Sitharaman on Friday said the government would withdraw higher taxes on foreign portfolio investors.

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GDP Growth Pegged At 6% In June Quarter: Industry Body Survey

Furthermore, the annual median GDP growth forecast for 2019-20 has been pegged at 6.9 per cent, with a minimum and maximum estimate of 6.7 per cent and 7.2 per cent, respectively.

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GDP Growth Pegged At 6% In June Quarter: Industry Body Survey

Rs 70,000 Crore Infusion In PSU Banks To Push Loan Growth By 15%: Moody's

Moody's estimates that fresh capital will enable PSU banks to grow loans by around 13-15% in 2019-20, compared with about 10% in fiscal year 2019.

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State-Run Banks Surge On Rs 70,000 Crore Recapitalisation Drive

The Nifty PSU Bank index, which comprises stocks of the government-owned lenders, jumped as much as 6.46 per cent on Monday.

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Rs 70,000 Crore Infusion In PSU Banks To Push Loan Growth By 15%: Moody's

State-Run Banks Surge On Rs 70,000 Crore Recapitalisation Drive

The Nifty PSU Bank index, which comprises stocks of the government-owned lenders, jumped as much as 6.46 per cent on Monday.

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Sensex Surges Over 500 Points After Government Takes Steps To Spur Growth

Nine of 11 sector gauges compiled by National Stock Exchange were trading higher led by the Nifty PSU Bank Index's 3 per cent gain.

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Sensex Surges Over 500 Points After Government Takes Steps To Spur Growth

Nine of 11 sector gauges compiled by National Stock Exchange were trading higher led by the Nifty PSU Bank Index's 3 per cent gain.

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Sunday, August 25, 2019

Amrapali Case: Supreme Court Orders Disbursement Of Rs 7 Crore To NBCC

The court also directed the Noida and Greater Noida authorities to comply with its earlier order.

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Amrapali Case: Supreme Court Orders Disbursement Of Rs 7 Crore To NBCC

The court also directed the Noida and Greater Noida authorities to comply with its earlier order.

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Rupee Declines By 51 Paise To Hit New 2019 Low Against Dollar

The rupee opened lower against the US dollar at 72.03 on Friday, and declined by as much as 51 paise to hit 72.17 in morning deals. That marked the lowest intraday level recorded for the rupee so far...

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Rupee Declines By 51 Paise To Hit New 2019 Low Against Dollar

Rupee Slips By 42 Paise To 72.08 Against Dollar

At the Interbank Foreign Exchange, the rupee opened at 72.03 then fell to 72.08 against the US dollar, showing a decline of 42 paise over its previous closing.

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Rupee Slips By 42 Paise To 72.08 Against Dollar

Sensex Jumps Over 350 Points, Nifty Tops 10,900 Mark

Finance Minister Nirmala Sitharaman on Friday announced a slew of measures to revive the economy, which registered its lowest rate of growth in nearly five years in the March quarter.

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Sensex Jumps Over 350 Points, Nifty Tops 10,900 Mark

China's Yuan Hits 11-Year Low Amid Trade Tensions

The plunge past 7.0 prompted Washington to officially brand Beijing a "currency manipulator". China's central bank has "resolutely opposed" the label.

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In IndiGo Feud, A Move Towards Truce Between Billionaire Co-Founders

Rakesh Gangwal now intends to support a move to expand the company's board to 10 directors at its annual general meeting scheduled for August 27, reversing his earlier stance.

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Nifty Futures Indicate Positive Start For Markets Today

The Sensex and Nifty had ended 0.63 per cent and 0.82 per cent higher on Friday,snappinga three-day losing streak.

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China's Yuan Hits 11-Year Low Amid Trade Tensions

In IndiGo Feud, A Move Towards Truce Between Billionaire Co-Founders

Nifty Futures Indicate Positive Start For Markets Today

The Sensex and Nifty had ended 0.63 per cent and 0.82 per cent higher on Friday,snappinga three-day losing streak.

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New Measures To Help Economy Grow In Coming Months: Industry Body

CII also said that removal of the surcharge on FPIs and amendments to the FPI regulations is expected to boost investor sentiments.

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New Measures To Help Economy Grow In Coming Months: Industry Body

CII also said that removal of the surcharge on FPIs and amendments to the FPI regulations is expected to boost investor sentiments.

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SBI Tax Savings Scheme: Eligibilty, Interest Rate And Other Details

The minimum tenure for SBI Tax Savings Scheme, 2006, is five years which can go up to a maximum of 10 years.

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SBI Tax Savings Scheme: Eligibilty, Interest Rate And Other Details

The minimum tenure for SBI Tax Savings Scheme, 2006, is five years which can go up to a maximum of 10 years.

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India Needs Single Corporate Tax Rate Of 25%: KPMG

The government recently announced that tax rates for companies with over Rs 400 crore turnover will be gradually cut to 25 per cent.

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India Needs Single Corporate Tax Rate Of 25%: KPMG

The government recently announced that tax rates for companies with over Rs 400 crore turnover will be gradually cut to 25 per cent.

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Minimum Balance Rules Of Top Public, Private Banks Explained Here

Banks also charge a penalty from the customers failing to maintain the required average monthly balance in their savings accounts.

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Minimum Balance Rules Of Top Public, Private Banks Explained Here

Banks also charge a penalty from the customers failing to maintain the required average monthly balance in their savings accounts.

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More Measure Needed To Tackle Economic Slowdown: Report

According to the report, more measures might be needed to give a fresh start to the lending cycle of non-banking financial companies (NBFCs).

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More Measure Needed To Tackle Economic Slowdown: Report

According to the report, more measures might be needed to give a fresh start to the lending cycle of non-banking financial companies (NBFCs).

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RBI Board May Discuss Dividend Payment To Government On Monday: Report

The RBI follows July-June financial year and the dividend is usually distributed in August after annual accounts are finalised. For FY20, the government has pegged a Rs 9,000 crore dividend from the...

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RBI Board May Discuss Dividend Payment To Government On Monday: Report

Saturday, August 24, 2019

Post Office National Savings Certificates: Eligibility And Other Details

Deposits in the post office National Savings Certificate also qualify for deduction under Section 80C of the Income Tax Act.

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Post Office National Savings Certificates: Eligibility And Other Details

Deposits in the post office National Savings Certificate also qualify for deduction under Section 80C of the Income Tax Act.

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Economic Growth Measures, Crude Oil Prices To Guide Markets: Experts

In one of the measures, the government on Friday rolled back higher surcharge on foreign and domestic portfolio investors.

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Economic Growth Measures, Crude Oil Prices To Guide Markets: Experts

In one of the measures, the government on Friday rolled back higher surcharge on foreign and domestic portfolio investors.

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PM Modi Launches RuPay Card in United Arab Emirates

RuPay card scheme was launched in 2012 to fulfil the Reserve Bank of India's vision to have a domestic, open and multilateral system of payments.

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PM Modi Launches RuPay Card in United Arab Emirates

RuPay card scheme was launched in 2012 to fulfil the Reserve Bank of India's vision to have a domestic, open and multilateral system of payments.

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Government Clarifies On Foreign Investors Surcharge, Experts Say Benefits Limited

The decision to roll-back surcharge came weeks after FPIs turned net sellers of stocks after levy of surcharge in the Union budget.

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Government Clarifies On Foreign Investors Surcharge, Experts Say Benefits Limited

The decision to roll-back surcharge came weeks after FPIs turned net sellers of stocks after levy of surcharge in the Union budget.

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Conditions Under Which You Can Withdraw From Your Employees' Provident Fund (EPF) Account

The subscribers can put a claim for 'advance' withdrawal online via EPFO's website - unifiedportal-mem.epfindia.gov.in.

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Conditions Under Which You Can Withdraw From Your Employees' Provident Fund (EPF) Account

The subscribers can put a claim for 'advance' withdrawal online via EPFO's website - unifiedportal-mem.epfindia.gov.in.

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SBI Revises Fixed Deposit Interest Rates, Details Here

The bank will now offer an interest rate of 4.5per cent to general public and 5 per cent to senior citizens on fixed deposits of 7-45 days. Currently, the public sector bank paysinterest at the rate...

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SBI Revises Fixed Deposit Interest Rates, Details Here

Former Finance Minister Arun Jaitley Dies At 66

Mr Jaitley, 66, a senior leader of the Bharatiya Janata Party (BJP), stepped down as finance minister in January due to ill health, just months before elections.

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Former Finance Minister Arun Jaitley Dies At 66

Have You Filed Your Income Tax Return? The Deadline Is 7 Days Away

The Income Tax Department has asked the assessees to complete the ITR filing process in due time.

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Have You Filed Your Income Tax Return? The Deadline Is 7 Days Away

The Income Tax Department has asked the assessees to complete the ITR filing process in due time.

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IndiGo Announces New International Flights, Check Details Here

Bookings for the new routes are available on IndiGo's official website- goindigo.in, the carrier said in the statement.

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IndiGo Announces New International Flights, Check Details Here

Bookings for the new routes are available on IndiGo's official website- goindigo.in, the carrier said in the statement.

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Friday, August 23, 2019

India Inc Grows Impatient As Economy Dips And PM Modi Is Distracted

India's GDP growth in January-March slid to a near five-year low of 5.8% and most analysts expect data due later this month to show that growth in April-June faltered even further.

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Shapoorji Pallonji Group Plans Asset Sales to Cut Rs 4,000 Crore Debt

The 154-year-old group, controlled by billionaire Pallonji Mistry and his family, expects the deals to be clinched by March next year, a source said.

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Nirmala Sitharaman To Hold Press Briefing Amid Stimulus Expectations

Several businessmen say the Prime Minister Narendra Modi-led government needs to take swift action on the economy, as the economic growth in January-March slid to a near five-year low of 5.8 per cent....

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India Inc Grows Impatient As Economy Dips And PM Modi Is Distracted

Shapoorji Pallonji Group Plans Asset Sales to Cut Rs 4,000 Crore Debt

Sensex Rebounds Over 700 Points From Day's Low, Nifty Tops 10,850

Buying in auto, IT, metal and energy shares pushed the markets higher in afternoon deals.

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Sensex Rebounds Over 700 Points From Day's Low, Nifty Tops 10,850

Buying in auto, IT, metal and energy shares pushed the markets higher in afternoon deals.

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Government May Exempt Foreign Investors From Super-Rich Tax: Report

Finance Minister Nirmala Sitharaman had proposed increasing the effective tax rate on individuals with taxable annual income of above Rs 2 crore($283,000) by about 3 per cent, and for those earning...

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Air India Owes Rs 4,500 Crore To Fuel Retailers, Say Officials

IOC, BPCL and HPCL more than a week back jointly wrote to Air India seeking expeditious clearance of the dues, failing which they will be constrained to take action.

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Government May Exempt Foreign Investors From Super-Rich Tax: Report

Air India Owes Rs 4,500 Crore To Fuel Retailers, Say Officials

Finance Minister Seeks Fair Trade Whip On Global Firms Abusing Dominance

"CCI (Competition Commission of India) should take suo moto cognisance of global companies having no presence in India but abusing Indian consumers," Ms Sitharaman said on Friday.

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Finance Minister Seeks Fair Trade Whip On Global Firms Abusing Dominance

Thursday, August 22, 2019

Government Bailouts A Moral Hazard, Says Chief Economic Adviser

"I think we expect the government to use taxpayers money to intervene every time there is a sunset phase," Mr Subramanian said.

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Government Bailouts A Moral Hazard, Says Chief Economic Adviser

"I think we expect the government to use taxpayers money to intervene every time there is a sunset phase," Mr Subramanian said.

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"Investor Confidence At A Historic High": NR Narayana Murthy

The comments from Infosys co-founder NR Narayana Murthy come at a time when the economy is facing its worst slowdown in nearly five years.

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"Investor Confidence At A Historic High": NR Narayana Murthy

The comments from Infosys co-founder NR Narayana Murthy come at a time when the economy is facing its worst slowdown in nearly five years.

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Rupee Falls Below 72 Against Dollar

The rupee had closed at 71.81 to the US dollar on Thursday.

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Rupee Falls Below 72 Against Dollar

The rupee had closed at 71.81 to the US dollar on Thursday.

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Sensex Falls Over 250 Points, Nifty Below 10,700

The Sensex and Nifty had ended 1.6 per cent lower each on Thursday to settle at their lowest levels in at least five months.

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Sensex Falls Over 250 Points, Nifty Below 10,700

The Sensex and Nifty had ended 1.6 per cent lower each on Thursday to settle at their lowest levels in at least five months.

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Unprecedented Situation For Government In 70 Years: Rajiv Kumar

The comments from the top economist come at a time the country's economy is facing the worst pace of growth in nearly five years.

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Unprecedented Situation For Government In 70 Years: Rajiv Kumar

The comments from the top economist come at a time the country's economy is facing the worst pace of growth in nearly five years.

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Economy Doesn't Need Fiscal Stimulus To Tackle Slowdown: Top Official

The GDP growth in the fourth quarter of the last fiscal year came in at 5.8 per cent caused by slowdown in key sectors like agriculture, manufacturing and industry.

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RBI Minutes Revives Expectations For Further Policy Easing: Report

In an unusual move, the RBI on August 7 had reduced the repo rate by 35 basis points to 5.40 per cent amid concerns over slowdown in economy.

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What's Floccinaucinihilipilification? Ask Central Bank RBI

Central bank watchers were left scrambling this week for their dictionaries and Google searches to decipher parts of a speech by Governor Shaktikanta Das and minutes of the recent monetary policy...

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RBI Minutes Revives Expectations For Further Policy Easing: Report

In an unusual move, the RBI on August 7 had reduced the repo rate by 35 basis points to 5.40 per cent amid concerns over slowdown in economy.

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What's Floccinaucinihilipilification? Ask Central Bank RBI

Sensex, Nifty Continue To Trade Lower; Metal, Realty Shares Worst Hit

Nine of 11 sector gauges compiled by National Stock Exchange were trading lower led by Nifty Realty Index's 4.3 per cent slump.

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Sensex, Nifty Continue To Trade Lower; Metal, Realty Shares Worst Hit

Nine of 11 sector gauges compiled by National Stock Exchange were trading lower led by Nifty Realty Index's 4.3 per cent slump.

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Amazon Sets Up Its Biggest Global Office In Hyderabad

Hyderabad is the chosen destination of e-commerce giant Amazon to set up its biggest global office campus, and only the second one that it owns.

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Amazon Sets Up Its Biggest Global Office In Hyderabad

Hyderabad is the chosen destination of e-commerce giant Amazon to set up its biggest global office campus, and only the second one that it owns.

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Wednesday, August 21, 2019

Indians Taking Loans Against Family Gold For Quick Funds As Banks Refuse

Those pawning their precious possessions are most often independent workers, including farmers and small shop owners.

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Deadline For Filing Income Tax Return Is Just 9 Days Away: 10 Points

Every person not subject to tax audit provisions under Income Tax Act is required to furnish an Income Tax Return (ITR), according to Income Tax department's e-filing website-...

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Indians Taking Loans Against Family Gold For Quick Funds As Banks Refuse

Those pawning their precious possessions are most often independent workers, including farmers and small shop owners.

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Deadline For Filing Income Tax Return Is Just 9 Days Away: 10 Points

Sell Aurobindo Pharma; Buy Aditya Birla Fashion: Choice Broking

Choice Broking has recommended selling Aurobindo Pharma in the range of Rs 589.90 and up to Rs 593 for target price of Rs 565 with stop loss at Rs 603.

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Sell Aurobindo Pharma; Buy Aditya Birla Fashion: Choice Broking

Sensex Sheds Over 250 Points As Selloff In Financials, Metals Deepens

Domestic stock markets registered sharp losses on Thursday hurt by a selloff across sectors. The S&P BSE Sensex index fell as much as 259.19 points to 36,801.18, and the broader NSE Nifty benchmark...

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Sensex Sheds Over 250 Points As Selloff In Financials, Metals Deepens

Timings For RTGS Payment System To Change From August 26

With effect from August 26, the RTGS system for customer transactions will open at 7 am, instead of the present 8 am. "In order to increase the availability of the RTGS system, it has been decided to...

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Timings For RTGS Payment System To Change From August 26

Nifty Dips Below 10,900 As Financials, Metals Weigh: 10 Things To Know

Domestic stock markets started Thursday's session on a lower note, after two days of losses, while Asian peers were largely unmoved amid concerns about the changes of global fiscal stimulus. The S&P...

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Nifty Dips Below 10,900 As Financials, Metals Weigh: 10 Things To Know

As Sales Rise, Petrol Import In July Touches Highest Level Since 2011

Crude oil imports into the world's third-largest consumer declined 1.2 per cent from a year earlier to 19.34 million tonnes, but increased 14.6 per cent from the previous month.

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As Sales Rise, Petrol Import In July Touches Highest Level Since 2011

Alibaba Delays Up To $15 Billion Hong Kong Listing Amid Protests: Report

The decision to postpone the deal was taken at a board meeting before Alibaba's earnings release last week, according to the report.

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NSE Revises Criteria For Inclusion Of Stocks In Nifty Indices

The revision will come into effect from the forthcoming review of equity indices. The changes in the eligibility criteria have been made after a review by the Index Maintenance Sub-Committee of NSE...

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NSE Revises Criteria For Inclusion Of Stocks In Nifty Indices

Sensex, Nifty Erase Gains; Metal, Realty Shares Worst Hit

All but one sector gauges compiled by National Stock Exchange were trading lower led by the Nifty Metal Index's over 2 per cent decline.

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Government Has Not Set A Deadline To Launch Electric Vehicles: Report

The country's auto industry has been caught in the middle of slowing economic growth that has led to a slump in demand for vehicles, forced plant shutdowns and large layoffs.

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Sensex, Nifty Erase Gains; Metal, Realty Shares Worst Hit

All but one sector gauges compiled by National Stock Exchange were trading lower led by the Nifty Metal Index's over 2 per cent decline.

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Government Has Not Set A Deadline To Launch Electric Vehicles: Report

Tuesday, August 20, 2019

Parle Could Lay Off 10,000 Workers Amid Slowdown: Report

The news comes as a slowdown in Asia's third-largest economy has hit demand for everything from automobiles to retail products, forcing companies to curtail production and recruitment, while raising...

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Parle Could Lay Off 10,000 Workers Amid Slowdown: Report

Sell REC, Buy Intellect Design, Great Eastern Shipping: Choice Broking

Choice Broking has recommended selling REC Ltd. in the range of Rs 144.50 and up to Rs 146 for target of Rs 138 with stop loss at Rs 148.70.

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Sell REC, Buy Intellect Design, Great Eastern Shipping: Choice Broking

Choice Broking has recommended selling REC Ltd. in the range of Rs 144.50 and up to Rs 146 for target of Rs 138 with stop loss at Rs 148.70.

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10 Days Left To File Your Income Tax Return And Avoid Penalty

After e-filing, users can also find information on the status of their submission through the Income Tax Department's website.

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10 Days Left To File Your Income Tax Return And Avoid Penalty

After e-filing, users can also find information on the status of their submission through the Income Tax Department's website.

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Sensex Jumps Over 150 Points From Day's Low, Nifty Tops 11,000

Gains in financial and automobile stocks helped the markets recover early losses.

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Sensex Jumps Over 150 Points From Day's Low, Nifty Tops 11,000

Gains in financial and automobile stocks helped the markets recover early losses.

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Oil Price Rises Above $60 A Barrel After A Week As US Inventories Drop

Brent crude had gained 32 cents, or 0.50 per cent, to $60.35 a barrel by 9:33 am, after settling 0.5 per cent higher on Tuesday.

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Oil Price Rises Above $60 A Barrel After A Week As US Inventories Drop

Brent crude had gained 32 cents, or 0.50 per cent, to $60.35 a barrel by 9:33 am, after settling 0.5 per cent higher on Tuesday.

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Sensex Falls Over 50 Points, Nifty Slips Below 11,000

Selling pressure in financial, fast-moving consumer goods and metal stocks dragged the markets lower.

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Sensex Falls Over 50 Points, Nifty Slips Below 11,000

Selling pressure in financial, fast-moving consumer goods and metal stocks dragged the markets lower.

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How Wow! Momo Grew From 1 Table To 274 Stores In 11 Years

Headquartered at Jadavpur, where it all started in 2008 with a kitchen, two cooks and a table, Wow Momo Foods today fully owns and operates 271 outlets.

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How Wow! Momo Grew From 1 Table To 274 Stores In 11 Years

Mukesh Ambani's $4 Billion Investment Hurt By Glut In Natural Gas

The 10 synthetic gasifiers that make up the project are now finally commissioned. But the imported LNG they're meant to displace has fallen from about $15 per million British thermal units in 2012 to...

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Mukesh Ambani's $4 Billion Investment Hurt By Glut In Natural Gas

DHFL Reports Fresh Default On Payment Obligations Of Rs 1,571 Crore

DHFL is the fourth-largest Indian housing finance company based on loans outstanding as of March.

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SBI Removes Processing Fee On Car Loans

The announcement by State Bank of India comes at a time when passenger vehicle sales in the country declined for the ninth month in a row to July.

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SBI Removes Processing Fee On Car Loans

Nifty Falls Below 11,000, Sensex Down Over 150 Points As Banks Drag

Eight of 11 sector gauges compiled by National Stock Exchange were trading lower led by the Nifty PSU Bank Index's 2.6 per cent fall.

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Nifty Falls Below 11,000, Sensex Down Over 150 Points As Banks Drag

Eight of 11 sector gauges compiled by National Stock Exchange were trading lower led by the Nifty PSU Bank Index's 2.6 per cent fall.

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SBI Waives Processing Fee On Car Loans Ahead Of Festival Season

SBI said it is offering the lowest interest rate starting 8.70 per cent on car loans, with no escalation in interest.

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SBI Waives Processing Fee On Car Loans Ahead Of Festival Season

SBI said it is offering the lowest interest rate starting 8.70 per cent on car loans, with no escalation in interest.

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Government Panel Recommends Across Board Corporate Tax Cut To 25%: Report

Government imposes a 30 per cent corporate tax rate on domestic companies and 40 per cent on foreign firms.

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Genpact Hikes Salaries Of India Content Team Working For Facebook

As of February, Genpact employed more than 1,600 employees in its Facebook teams in Hyderabad, more than 10 per cent of the 15,000 the social network said were working on content moderation worldwide.

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Government Panel Recommends Across Board Corporate Tax Cut To 25%: Report

Government imposes a 30 per cent corporate tax rate on domestic companies and 40 per cent on foreign firms.

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Genpact Hikes Salaries Of India Content Team Working For Facebook

US Government Assures Level Playing Field To American Tech Firms In India

Industry executives with direct knowledge said it wasn't common to receive such letters from the US administration.

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Monday, August 19, 2019

US Government Assures Level Playing Field To American Tech Firms In India

Industry executives with direct knowledge said it wasn't common to receive such letters from the US administration.

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3 Out Of 4 Economists Predict A US Recession By 2021, Survey Finds

The outlook reflects growing skepticism among economists and investors that the US economy will be able to withstand a protracted trade war with China without serious harm amid the weakening global...

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Sterling And Wilson Solar Makes Weak Debut On Stock Markets

Sterling and Wilson IPO listing: Sterling and Wilson Solar sold equity shares in the price band of Rs. 775-780. The initial public offer of Sterling & Wilson Solar was subscribed 92%.

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3 Out Of 4 Economists Predict A US Recession By 2021, Survey Finds

Sterling And Wilson Solar Makes Weak Debut On Stock Markets

Sensex, Nifty Erase Early Gains Amid Selloff Across Sectors Except IT

Domestic stock markets gave up early gains on Tuesday amid a selloff across sectors barring information technology stocks, despite gains in Asian peers. The S&P BSE Sensex index first rose as much as...

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Sensex, Nifty Erase Early Gains Amid Selloff Across Sectors Except IT

Sensex Rises Over 50 Points, Nifty Holds 11,050

The Sensex and Nifty had ended 0.14 per cent and 0.06 per cent higher respectively on Monday, extending recent gains to a third straight day.

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Sensex Rises Over 50 Points, Nifty Holds 11,050

The Sensex and Nifty had ended 0.14 per cent and 0.06 per cent higher respectively on Monday, extending recent gains to a third straight day.

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Ujjivan Small Finance Bank Files For Rs 1,200-Crore IPO

Ujjivan Small Finance Bank Limited has proposed an initial public offer (IPO) worth Rs 1,200 crore, its promoter Ujjivan Financial Services Limited said on Friday. Ujjivan Small Finance Bank's public...

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RBI Considers Linking Some New Bank Loans To Benchmark Rate

Commercial banks cite high deposit rates for their inability to cut loan ones. Marginal reductions restrict how much borrowers benefit from the repo cuts.

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Ujjivan Small Finance Bank Files For Rs 1,200-Crore IPO

Sensex, Nifty Off Day's Highs As Auto, Oil & Gas Shares Decline

Thirteen of 19 sector gauges compiled by BSE were trading higher led by the S&P Consumer Durables Index's 1.3 per cent gain.

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Sensex, Nifty Off Day's Highs As Auto, Oil & Gas Shares Decline

Thirteen of 19 sector gauges compiled by BSE were trading higher led by the S&P Consumer Durables Index's 1.3 per cent gain.

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Important To Look At Financial Stability With Growth: Shaktikanta Das

RBI Governor Shaktikanta Das said he expected banks to move quicker on linking the lending rates with the central bank's repo rate towards better transmission to support consumption and demand.

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Important To Look At Financial Stability With Growth: Shaktikanta Das

Uber Appoints Melinda Roylett As New UK Head

Melinda Roylett begins in her role on Monday, replacing Tom Elvidge, who moved to co-working space firm WeWork earlier this year.

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Uber Appoints Melinda Roylett As New UK Head

Melinda Roylett begins in her role on Monday, replacing Tom Elvidge, who moved to co-working space firm WeWork earlier this year.

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Sensex, Nifty Extend Gains; Sun Pharma, Larsen & Toubro Top Gainers

Nine of 11 sector gauges compiled by National Stock Exchange were trading higher led by the Nifty Pharma index's 1.7 per cent gain.

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Sensex, Nifty Extend Gains; Sun Pharma, Larsen & Toubro Top Gainers

Nine of 11 sector gauges compiled by National Stock Exchange were trading higher led by the Nifty Pharma index's 1.7 per cent gain.

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How The World's Wealthiest Family Invests Its Fortune

Their high-profile investments mark a change from the previous generation, who are now in their late 60s and 70s.

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How The World's Wealthiest Family Invests Its Fortune

Their high-profile investments mark a change from the previous generation, who are now in their late 60s and 70s.

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Sunday, August 18, 2019

Sun Pharma Surges On Agreement To Sell Generic Drugs In China

Sun Pharma has entered into an agreement with China Medical System Holdings to develop and commercialize seven generic products in Mainland China.

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Sun Pharma Surges On Agreement To Sell Generic Drugs In China

Buy ITC, Titan Company, Jindal Steel, Says Choice Broking

Market tips: Choice Broking has recommended buy on Titan for target price of Rs 1,170 with stop loss at Rs 1,030 after a healthy correction.

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Buy ITC, Titan Company, Jindal Steel, Says Choice Broking

Market tips: Choice Broking has recommended buy on Titan for target price of Rs 1,170 with stop loss at Rs 1,030 after a healthy correction.

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Sensex Rises Over 200 Points, Nifty Above 11,100

Top percentage gainers on the 50-scrip index were Indiabulls Housing Finance, Sun Pharma, Titan, Dr Reddy's, Yes Bank and JSW Steel.

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Sensex Rises Over 200 Points, Nifty Above 11,100

Top percentage gainers on the 50-scrip index were Indiabulls Housing Finance, Sun Pharma, Titan, Dr Reddy's, Yes Bank and JSW Steel.

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Tim Cook "Made A Good Case" That Tariffs Could Hurt Apple: Donald Trump

Tariffs on an additional $300 billion worth of Chinese goods, including consumer electronics, are scheduled to go into effect in two stages on September 1 and December 15.

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Nifty Futures Indicate Flat Start For Indian Markets; Sun Pharma In Focus

Sun Pharma will be in focus today as it signed an agreement with China Medical System Holdings for generic products sale in Mainland China.

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Tim Cook "Made A Good Case" That Tariffs Could Hurt Apple: Donald Trump

Nifty Futures Indicate Flat Start For Indian Markets; Sun Pharma In Focus

Sun Pharma will be in focus today as it signed an agreement with China Medical System Holdings for generic products sale in Mainland China.

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India Post Payments Bank Savings Accounts: Interest Rate And Other Details

India Post Payments Bank offers a range of services such as money transfer, direct benefit transfers, bill and utility payments, and enterprise and merchant payments.

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India Post Payments Bank Savings Accounts: Interest Rate And Other Details

Credit Demand Subdued, Economy Needs Stimulus, Says SBI Chairman

Increased spending by the government and the upcoming festival season would boost demand, said Rajnish Kumar.

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Credit Demand Subdued, Economy Needs Stimulus, Says SBI Chairman

Increased spending by the government and the upcoming festival season would boost demand, said Rajnish Kumar.

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Despite Low Demand, Crude Oil Prices Seen Rising

Currently, the global economy is witnessing a major slowdown and economies like China, Germany and India have reported declining factory output.

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Despite Low Demand, Crude Oil Prices Seen Rising

Currently, the global economy is witnessing a major slowdown and economies like China, Germany and India have reported declining factory output.

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Expected Fiscal Stimulus, US-China Trade War To Guide Markets: Experts

Analysts opined that investors are awaiting a stimulus package and relief for foreign portfolio investors (FPIs) from the super-rich surcharge which was announced in the Budget in July.

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Expected Fiscal Stimulus, US-China Trade War To Guide Markets: Experts

Zero Balance Account: Interest Rate, Facilities Offered By Top Banks

Zero Balance Savings Account: Customers get a number of facilities such as debit and ATM cards and internet banking with the account.

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Zero Balance Account: Interest Rate, Facilities Offered By Top Banks

Zero Balance Savings Account: Customers get a number of facilities such as debit and ATM cards and internet banking with the account.

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Auto Industry Bets Big On Scrappage Policy To Revive Demand

Automobile industry's representatives have sought an 'End of Life' policy from the central government as a measure to arrest the falling sales.

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Auto Industry Bets Big On Scrappage Policy To Revive Demand

Automobile industry's representatives have sought an 'End of Life' policy from the central government as a measure to arrest the falling sales.

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Sectoral Policy Intervention In Works To Address Economic Slowdown: Report

There will be relief to the sectors in stress through policy interventions like for the auto sector, according to the report.

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Sectoral Policy Intervention In Works To Address Economic Slowdown: Report

There will be relief to the sectors in stress through policy interventions like for the auto sector, according to the report.

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Saturday, August 17, 2019

Post Office Saving Schemes That Offer Over 8% Interest Rate

Post office saving schemes: The senior citizen scheme is for people above 60 years of age while Sukanya Samriddhi scheme is meant for a girl child.

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Post Office Saving Schemes That Offer Over 8% Interest Rate

Coffee Day Group Says Outstanding Debt At Rs 4,970 Crore

The company has requested the lenders and creditors to give it time to honour the commitments and unlock the potential value of its assets.

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Coffee Day Group Says Outstanding Debt At Rs 4,970 Crore

The company has requested the lenders and creditors to give it time to honour the commitments and unlock the potential value of its assets.

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Interest Rate, Withdrawal Rules Of Employees' Provident Fund (EPF)

In an EPF account, the employee contributes 12 per cent of his or her salary (basic wages, dearness allowance and retaining allowance) towards the account, and an equal amount is contributed by the...

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Interest Rate, Withdrawal Rules Of Employees' Provident Fund (EPF)

All You Need To Know About Post Office ATM-Cum-Debit Card

India Post pays interest at the rate of 4 per cent per annum on deposit in its savings account in the current quarter.

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All You Need To Know About Post Office ATM-Cum-Debit Card

India Post pays interest at the rate of 4 per cent per annum on deposit in its savings account in the current quarter.

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SBI Tax Saving Fixed Deposit: Interest Rate, Lock-In Period, Key Features

Most commercial banks in the country such as State Bank of India (SBI) offer income tax benefits under a special type of fixed deposit (FD) account. This income tax benefit can be availed by the...

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SBI Tax Saving Fixed Deposit: Interest Rate, Lock-In Period, Key Features

How To Invest In Sovereign Gold Bonds? Other Details Here

Sovereign gold bond (SGB) scheme, a government-run scheme, allows gold investments in non-physical form. The Sovereign Gold Bond (SGB) scheme comprises government securities denominated in gold...

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How To Invest In Sovereign Gold Bonds? Other Details Here

Income Tax Return Filing Deadline 2 Weeks Away, Here's A Quick Guide

The I-T department provides various forms for income tax assessees to file their ITR or income tax return.

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Income Tax Return Filing Deadline 2 Weeks Away, Here's A Quick Guide

The I-T department provides various forms for income tax assessees to file their ITR or income tax return.

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Airlines Announce New Routes, Discounts On Flight Tickets

The announcement by airlines comes amid high competition in the country's civil aviation market.

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Airlines Announce New Routes, Discounts On Flight Tickets

The announcement by airlines comes amid high competition in the country's civil aviation market.

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Friday, August 16, 2019

Cathay Pacific Chief Executive Officer Rupert Hogg Resigns

Mr Hogg has been replaced by Augustus Tang, a veteran of the Swire Group conglomerate, Cathay Pacific's main shareholder.

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Government Has Limited Scope To Provide Fiscal Stimulus: Report

The report also added that the overall market valuations offer little in terms of investment inputs currently.

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Sensex, Nifty End Volatile Session On A Flat Note

Share markets on Friday: Seven of 11 sector gauges compiled by National Stock Exchange ended higher led by Nifty Auto Index's 1 per cent gain.

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Government Has Limited Scope To Provide Fiscal Stimulus: Report

The report also added that the overall market valuations offer little in terms of investment inputs currently.

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Sensex, Nifty End Volatile Session On A Flat Note

Share markets on Friday: Seven of 11 sector gauges compiled by National Stock Exchange ended higher led by Nifty Auto Index's 1 per cent gain.

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Sensex Surges 470 Points From Day's Low Led By ITC, Axis Bank

Seven of 11 sector gauges compiled by National Stock Exchange were trading higher led by the Nifty Auto Index's 0.8 per cent gain.

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Sensex Surges 470 Points From Day's Low Led By ITC, Axis Bank

Seven of 11 sector gauges compiled by National Stock Exchange were trading higher led by the Nifty Auto Index's 0.8 per cent gain.

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Hero MotoCorp Manufacturing Plants To Remain Shut Till August 18

Auto sector is one of the worst hit sectors in India due to the lack of consumption. The sectors has seen massive loss of jobs in just the last few quarters.

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Hero MotoCorp Manufacturing Plants To Remain Shut Till August 18

IDBI Bank Hits 52-Week Low After Earnings Announcement

On the National Stock Exchange (NSE), the IDBI Bank stock price declined as much as 11.94 per cent to quote at Rs 23.95 apiece at the day's weakest point, compared to its previous close of Rs 27.20.

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IDBI Bank Hits 52-Week Low After Earnings Announcement

Oil Prices Rise Over 1% To Break Two-Day Fall As Recession Fears Recede

Gains are likely to be capped after a week of data releases including a surprise drop in industrial output growth in China to a more than 17-year low, along with a fall in exports that sent Germany's...

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Oil Prices Rise Over 1% To Break Two-Day Fall As Recession Fears Recede

Thursday, August 15, 2019

Indiabulls Housing Finance Shares Fall Nearly 10% On Moody's Downgrade

On the Bombay Stock Exchange, the share price of the company declined as much as 9.66 per cent to touch the Rs 498 mark at the day's lowest point.

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Sensex, Nifty Trim Losses As Buying Emerges In Auto Stocks: 10 Points

Domestic stock markets trimmed losses in late morning deals on Friday as buying emerged in automobile stocks, amid losses in global peers. At 11:00 am, the S&P BSE Sensex index traded 100.24 points -...

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Indiabulls Housing Finance Shares Fall Nearly 10% On Moody's Downgrade

Sensex, Nifty Trim Losses As Buying Emerges In Auto Stocks: 10 Points

India's Payment Apps Race To Catch Up With China In Squeezing Out Cash

In India, digital payments have climbed more than five times since 2015 to 22.4 transactions per person in the year ended March, Reserve Bank of India figures show.

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India's Payment Apps Race To Catch Up With China In Squeezing Out Cash

Mukesh Ambani Enlists His Children To Drive Modernisation Of Empire

Over the coming decades, billions of dollars in wealth will be handed over to yet another generation in family-controlled businesses across Asia.

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Sensex Falls Over 250 Points, Nifty Near 10,950

The Sensex and Nifty had ended 0.96 per cent and 0.95 per cent higher on Wednesday, staging a sharp recovery after the worst day of August.

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Mukesh Ambani Enlists His Children To Drive Modernisation Of Empire

Over the coming decades, billions of dollars in wealth will be handed over to yet another generation in family-controlled businesses across Asia.

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Sensex Falls Over 250 Points, Nifty Near 10,950

The Sensex and Nifty had ended 0.96 per cent and 0.95 per cent higher on Wednesday, staging a sharp recovery after the worst day of August.

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With Earnings Behind, Market Volatility Can Be Expected: Analysts

With one trading session left, domestic stock markets are set to finish the week on a lower note. While the S&P BSE Sensex index has shed 270.38 points - or 0.72 per cent - in the two days in the...

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With Earnings Behind, Market Volatility Can Be Expected: Analysts

IndiGo Commences New Route, Offers Tickets From Rs 3,999

"The new flights are designed to cater to business and leisure travellers who are constantly on the lookout for new and affordable flying options," IndiGo said.

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IndiGo Commences New Route, Offers Tickets From Rs 3,999

Most Asian Currencies Worsen In Past Two Weeks: Poll

Investors switched to go short on Indonesia's rupiah, the Indian rupee, Malaysia's ringgit and the Philippine peso, according to a poll of 13 respondents.

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Sun Pharma In Rs 240-Crore Licensing Pact With IICT Hyderabad

The deal is for patents related to certain compounds with potential therapeutic activity across multiple indications in Sun Pharma's specialty focus areas, the Mumbai-based pharmaceuticals company...

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Most Asian Currencies Worsen In Past Two Weeks: Poll

Sun Pharma In Rs 240-Crore Licensing Pact With IICT Hyderabad

You Have To Pay These Penalty Charges For Missing Income Tax Deadline

Penalty charges for missing income tax deadline: Return of income which doesn't get furnished on or before the specified due date is called belated return. A belated return of income is furnished...

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You Have To Pay These Penalty Charges For Missing Income Tax Deadline

Dow Suffers Worst Day Of 2019 As Recession Fears Hit European Stocks

The Dow suffered its worst day of 2019, finishing with a loss of some 800 points, or 3.1 percent, at 24,479.42, while leading European bourses shed more than two percent.

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Dow Suffers Worst Day Of 2019 As Recession Fears Hit European Stocks

India Verifies WhatsApp Compliance Before Payments Service Approval

Rules require WhatsApp to submit a third-party auditor report that all data involved in payments will be only stored on servers in India.

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India Verifies WhatsApp Compliance Before Payments Service Approval

Rules require WhatsApp to submit a third-party auditor report that all data involved in payments will be only stored on servers in India.

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Wednesday, August 14, 2019

Income Tax Return: How To File ITR, Know All About Belated Returns

Under the Income Tax law, different forms of returns are prescribed for different classes of taxpayers. The return forms are known as ITR forms.

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Income Tax Return: How To File ITR, Know All About Belated Returns

Under the Income Tax law, different forms of returns are prescribed for different classes of taxpayers. The return forms are known as ITR forms.

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In Relief To ATM Users, Non-Cash Transactions Wont Attract Charges Now

The Reserve Bank of India (RBI) has asked banks not to treat failed transactions at ATMs or non-cash withdrawal transactions such as balance enquiries or cheque book requests as part of "five free...

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In Relief To ATM Users, Non-Cash Transactions Wont Attract Charges Now

ATM Transactions Failed Due To Technical Reasons Won't Be Counted: RBI

ATM rules: The RBI said it has come to its notice that transactions that have failed due to technical reasons or non-availability of cash in the ATM are also included in the free ATM transactions in a...

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ATM Transactions Failed Due To Technical Reasons Won't Be Counted: RBI

How To File An Online Claim For Provident Fund Withdrawal? Other Details

In order to file an online claim for partail withdrawal from EPF corpus, subscriber should have activated his/her Universal Account Number (UAN) and the mobile number used for activating UAN should be...

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Sensex, Nifty Stage Sharp Recovery Led By Gains In Metal Shares

All the 19 sector gauges compiled by BSE barring the S&P BSE Healthcare Index ended higher led by the S&P BSE Metal Index's 2.7 per cent gain.

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Sensex, Nifty Stage Sharp Recovery Led By Gains In Metal Shares

All the 19 sector gauges compiled by BSE barring the S&P BSE Healthcare Index ended higher led by the S&P BSE Metal Index's 2.7 per cent gain.

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ICICI Bank Revises Fixed Deposit Interest Rates From Today

The fixed deposit accounts which have a lock-in period of five or 10 years also offer income tax benefit under Section 80C of the Income Tax Act.

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ICICI Bank Revises Fixed Deposit Interest Rates From Today

The fixed deposit accounts which have a lock-in period of five or 10 years also offer income tax benefit under Section 80C of the Income Tax Act.

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Tata Motors To Go For Third Closure From August 16: Report

Tata Motors went for a day closure on August 1. It went for three block closure from August 8-10 and third block will be from August 16.

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Tata Motors To Go For Third Closure From August 16: Report

Tata Motors went for a day closure on August 1. It went for three block closure from August 8-10 and third block will be from August 16.

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Bond Rally Cut Shorts On Government Spending Fears

Since February, the Reserve Bank of India has cut the key policy rate by 110 basis points, which has pushed bond yields down significantly.

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Bond Rally Cut Shorts On Government Spending Fears

Since February, the Reserve Bank of India has cut the key policy rate by 110 basis points, which has pushed bond yields down significantly.

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Tuesday, August 13, 2019

Wholesale Inflation Eases To 1.08% In July

The wholesale inflation data comes a day after separate official data showed consumer inflation (gauged by the Consumer Price Index) eased to 3.15 per cent last month, from 3.18 per cent in June.

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Wholesale Inflation Eases To 1.08% In July

Rupee Rebounds From 6-Month Low, Rises 55 Paise: 10 Things To Know

The rupee rebounded from the six-month low and rose as much as 55 paise - or 0.77 per cent - against the dollar on Wednesday. Analysts say positive opening in domestic equity market and easing crude...

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Rupee Rebounds From 6-Month Low, Rises 55 Paise: 10 Things To Know

Opinion: Mukesh Ambani Cutting Reliance Debt Is Bad Omen For Economy

A $22 billion reduction in net debt (to reach zero) will require more than Aramco's cash.

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Opinion: Mukesh Ambani Cutting Reliance Debt Is Bad Omen For Economy

A $22 billion reduction in net debt (to reach zero) will require more than Aramco's cash.

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CBS, Viacom To Reunite With Plans For Bigger Role In Streaming TV Wars

The new company will be named ViacomCBS Inc, although CBS shareholders will own 61 per cent and Viacom shareholders will own 39 per cent.

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CBS, Viacom To Reunite With Plans For Bigger Role In Streaming TV Wars

The new company will be named ViacomCBS Inc, although CBS shareholders will own 61 per cent and Viacom shareholders will own 39 per cent.

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Foreign Investors Face Wipeout As Rupee Becomes Asia's Worst Performer

Any sell-off in foreign holdings of Indian corporate and government bonds may set off a spin which weakens the currency further.

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Foreign Investors Face Wipeout As Rupee Becomes Asia's Worst Performer

Any sell-off in foreign holdings of Indian corporate and government bonds may set off a spin which weakens the currency further.

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Here's A Comparison Of Monthly Average Balance Requirements In Top Banks

Banks such as State Bank of India (SBI), HDFC and ICICI Bank charge a penalty from the customers failing to maintain the required monthly average balance in their savings accounts.

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Here's A Comparison Of Monthly Average Balance Requirements In Top Banks

Sensex Rises Over 150 Points, Nifty Above 10,950

The Sensex and Nifty had closed 1.66 per cent and 1.65 per cent lower respectively on Tuesday, hurt by a selloff across sectors barring energy shares.

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Sensex Rises Over 150 Points, Nifty Above 10,950

Car Sales Slump 36% In July Amid Deepening Auto Sector Crisis: 10 Points

Domestic passenger vehicles sales in India stood at 2,00,790 units last month, marking a year-on-year decline of 30.98 per cent, data from industry body SIAM or Society of Indian Automobile...

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PVR, Inox Shares Hit By Reliance's 'First Day-First Show' Plan

In its statement, Inox said that the exclusive theatrical window is a model that is followed internationally, in order to ensure the robust financial viability of all the segments of the sector, and...

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PVR, Inox Shares Hit By Reliance's 'First Day-First Show' Plan

RIL Jumps Most In A Decade After Mukesh Ambani Reveals Zero-Net-Debt Plan

Reliance Industries' billionaire chairman, Mukesh Ambani, unveiled plans to launch cut-price home internet services across the country next month.

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