Business
Markets Rally on Macro Data, Rupee Recovery; Post Second Weekly Losses
The NSE Nifty too breached the 11,500-level with a jump of 145.30 points. All sectoral indices ended in the green, led by realty, power, consumer durables and metals.
Retail Inflation Cools to 10-month Low of 3.69 Percent in August
The inflation based on Consumer Price Index (CPI) stood at 4.17 per cent in July and 3.28 per cent in August 2017.
Weakening Rupee May Stop Import of Essential Goods, Traders' Body Writes to Centre
The rupee, like its other emerging market peers, is giving jitters to equity investors and corporate India as well. Historically, stocks market returns were poor in years when the Indian currency depreciated against the dollar and vice-versa.
Raghuram Rajan Blames 'Over Optimistic Bankers' and 'Policy Paralysis' for Mounting Bad Loans
The Parliament's Committee on Estimates had invited Rajan to brief it on the matter after former Chief Economic Advisor (CEA) Arvind Subramanian praised him for identifying the NPA crisis and trying to resolve it.
Rupee Tumbles For 7th Day; Breaches 72-mark on Global Headwinds
After a positive start in early trade, the beleaguered rupee crumbled to breach the 72-mark for the first time ever. It had opened higher by 13 paise at 71.62 per dollar.
Qatar Airways Puts on Hold Plans for Setting Up Airline in India; Awaits Clarity on FDI Norms
According to Chief of Qatar Airways, Akbar Al Baker, the rule of allowing foreign entity to own up to 100 per cent stake in Indian carriers is not very clear.
Lockheed to Make Wings for F-16 Jet in India with Partner Tata
Lockheed Martin is bidding for a contract - estimated at more than $15 billion - to supply the Indian air force with 114 combat planes, manufactured locally under Make in India programme.
‘Fiscally Prudent’ Centre in No Mood to Cut Taxes on Petrol and Diesel Despite Record Prices
Global crude oil price has been on a rise in the last few months and is hovering above USD 70 per barrel.
IndiGo Flash Sale: 10 Lakh Seats Up for Grabs at Fares Starting Rs 999
The bookings of tickets under the four-day "festive sale" offer have begun from Monday for the travel period from September 18, 2018 to March 30, 2019, IndiGo said.
Rupee Plummets to New All-Time Low of 71.37, Drops 16 Paise Against US Dollar
At the Interbank Foreign Exchange, the local currency opened at a record low of 71.24 against a dollar, down from its previous close of 71.21, and weakened further to trade at a fresh low of 71.37, down 16 paise.
As Pollution Levels Rise Critically, Experts Await Clearer Policy For Electric Vehicles
Maharashtra has announced 15% upfront subsidy for the first 100,000 electric vehicles registered and Karnataka is planning to invest more than Rs 30,000 crores to set up EV manufacturing units.
Home and Other Loans Become Costlier As SBI Hikes Benchmark Lending Rate By 0.2%
State Bank of India (SBI) has increased the lending rate by 20 basis points across all tenors up to three years.
Income Tax Returns Surge Over 60 Per Cent, Cross 5 Crore Filings as Deadline Ends
IT Department received over 22 lakh returns, largely over the online or e-filing mode, in a single day on Friday.
Britain's Whitbread to Sell Costa Coffee to Coke For $5.1 Billion
The deal was unanimously agreed by the Whitbread board to be in the best interests of shareholders, the company said in a statement.
Rupee Hits 71 Mark For First Time Ever, Drops 26 Paise Against US Dollar
Forex dealers said besides robust month-end demand for the American currency from oil importers, dollar's strength against its rival currencies on expectations of rising interest rates amid lingering Sino-US trade tensions, weighed on the domestic currenc...
Here's How Taxpayers Can Revise Their ITR Filing
As the government takes steps to make the tax processes smoother for individuals, it’s the duty of every taxpayer to file returns on time and work together with the government to make India a better nation.