Business
Fuel Price Cut: Petrol Down 15 Paise, Diesel Dips 14 Paise a Litre
Petrol in Delhi now costs Rs 77.96 a litre, down from Rs 78.11, according to a price notification issued by state-owned oil firms. Diesel costs Rs 68.97 a litre in the national capital.
UIDAI Relaxes Daily Aadhaar Updation Target for Bank Branches
Banks that achieve the target of minimum eight Aadhaar enrolments or updations per day per branch in July will not have to face "financial disincentives" up to July 2018.
ONGC Shares Gain Nearly 4% After Q4 Results
The stock, after a positive opening, further jumped 3.50 per cent to Rs 180.05 as the trade progressed on BSE. On NSE, shares of the company went up by 3.64 per cent to Rs 180.35.
Banks Told to Withdraw Advisory for Exporters on Iran by August: FIEO
Federation of Indian Export Organisations (FIEO) Director General Ajay Sahai said that in view of the US decision to impose economic sanctions against Iran, the banks had asked the exporters to complete their transactions by August.
Moody's Cuts India's GDP Forecast to 7.3% from 7.5% Due to Oil Prices
"The Indian economy is in cyclical recovery led by both investment and consumption. However, higher oil prices and tighter financial conditions will weigh on the pace of acceleration. We expect GDP growth of about 7.3 per cent in 2018, down from our previ...
Air Asia CEO Tony Fernandes Booked by CBI for Violating Rules on International Flying Licences
It is alleged that to be eligible for international operations, the company was required to have five years of experience and fleet of 20 aircraft as per 5/20 rule. However, the company is yet to get an international flying permit as it currently has only...
Sensex Slips 57 pts in Early Trade on Weak Asian Cues
Among the laggards were ICICI Bank, Sun Pharma, SBI, IndusInd Bank, ITC, Bajaj Auto, HDFC, Kotak Bank, Reliance Industries, Tata Steel, HDFC Bank and Hero MotoCorp, falling up to 1.50 per cent.
More Indians Travel in Airplanes Than in AC Trains: Govt
With India emerging as the third largest aviation market, air passenger traffic growth has been in the range of 18-20 per cent over the past three years.
PNB Fraud: ED Charge Sheets Nirav Modi, Others for Laundering Rs 6,498 Crore Bank Funds
A total of 24 accused have been listed in the charge sheet, including Nirav Modi, his father, brother Neeshal Modi, sister Purvi Modi, brother-in-law Mayank Mehta and the designer jewellers' firms.
Deutsche Bank to Cut Thousands of Staff in Investment Bank Revamp
The reductions will decrease the investment bank’s leverage exposure by 100 billion euros, or 10 percent, with most of the cuts to take place this year, Deutsche said.
Finance Ministry Ties up with 40 Entities to Extend Funding under Mudra Scheme
The forty entities the finmin has tied up with include Flipkart, Swiggy, Patanjali, and Amul among others. These companies will identify people who need loans under the Mudra Yojana, underwrite them and the Ministry will extend loans under the scheme.
National Skill Development Mission Will Train over 40 Crore by 2022: Dharmendra Pradhan
Stating that India would soon be a global economic powerhouse and the world would look up to the nation for its needs, Dharmemndra Pradhan said the youth of the nation would play a key role in realising this vision.
'India Sixth Wealthiest Country with Total Wealth of $8,230 Billion'
According to the AfrAsia Bank Global Wealth Migration Review, the US is the wealthiest country in the world with a total wealth of $62,584 billion, followed by China ($24,803 billion) at the second place and Japan ($19,522 billion) at the third place.
Petrol, Diesel Prices Zoom to All-Time High; Chidambaram, Mamata Slam BJP Govt
Rates vary from state to state depending on the incidence of local sales tax or VAT. Prices in Delhi are the cheapest in all metros and most state capitals.
Rupee Drops 17 Paise Against US Dollar
Dealers attributed the rupee's fall to increased demand for the US currency from importers and foreign fund outflows. However, dollar's weakness against some currencies overseas capped the losses.
Nirav Modi Fraud Case: Govt Initiates Action for Removal of Allahabad CEO, 2 PNB Directors
The CBI on Monday filed its first chargesheet in the country's largest financial scam worth over USD 2 billion at PNB allegedly committed by billionaire jeweller Nirav Modi.