Business News Updates

Mumbai: Sensex and Nifty fell after opening higher on Friday, dragged by auto and PSU Bank stocks. At 10.21 the benchmark Sensex traded 226.73 points lower at 38,670.73 after opening at 39,058.73. On Thursday it closed at 38,897.46. The broader Nifty traded 83.70 points lower at 11,513.20. Meanwhile Foreign Institutional Investors continued to be in […]

New Delhi: India’s ranking in terms of mobile internet and fixed broadband speed declined by three places in June to 74th and 126th positions respectively, a report by Ookla said on Friday. As per the report, there has been a slight decline since the previous month as the current average download speeds in India for […]

London: Infosys co-founder Narayana Murthy on Friday was awarded the honorary degree of Doctor of Science (Honoris Causa) by Royal Holloway, University of London, for his outstanding contribution to the field of Computer Science and the role model he represents in India and on the global stage. Murthy was awarded at a summer graduation ceremony […]

Despite facing the financial woes, the State-run telecom operator BSNL is leaving no stone unturned to add to its subscriber base. With an aim to address the poor cellular connectivity in some areas, the telecom operator has launched the internet-telephony service called BSNL Wings. Subscribers can make calls using the Voice Over Internet Protocol (VoIP) […]

Good news for the Employees’ Provident Fund Organisation (EPFO) subscribers as the Labour Ministry has rejected a proposal from the Finance Ministry to slash interest rate offered by the EPFO. After the Finance Ministry reduced interest rate on General Provident Fund (GPF) and other similar funds to 7.9 per cent from 8 percent for the […]

New Delhi: India’s newest and only profitable telecom operator Reliance Jio Infocomm Ltd. of three years has overtaken oldest incumbent and rival Bharti Airtel to become the second largest operator in terms of mobile subscriber base, data from the Telecom Regulatory Authority of India showed on Friday, showed. As of May end, Jio had 32.29 […]

State Bank of India (SBI), the country’s largest lender, recently issued three strict guidelines for its customers to avoid being duped by fraudsters, either in case of cash transactions or online banking. ‘Share your food with everyone, DON’T SHARE YOUR BANK DETAILS WITH ANYONE’- with this message, the SBI has asked the customers to Stop, […]

New Delhi: Despite banking restrictions put in place by the Reserve Bank of India, the country has not put any blanket ban on trading in cryptocurrencies yet, the government has clarified. Responding to questions in the Rajya Sabha on whether the government has prohibited cryptocurrency in the country, Minister of State for Finance and Corporate […]

New Delhi: In the wake of its proposed privatization, the government has asked Air India to put a freeze on large-scale promotion and appointments. A new flights has to be started only when it is extremely necessary and after due diligence from commercial aspect. “The direction came almost a week back. It says that due […]

Mumbai: The key Indian equity indices opened on a negative note on Monday, with the BSE Sensex losing over 300 points. The Nifty50 on the National Stock Exchange was also down over 100 points, continuing the bearish trend after the government tweaked the tax on “super rich” adversely impacting the foreign portfolio investors. At 9.52 […]

The country’s largest lender, State Bank of India (SBI) has yet again come up with strict guidelines reiterating that the customers should remain alert and cautious while conducting any electronic financial and banking transaction. In an attempt to save the customers from being trapped, SBI has issued some DO’s and DONT’s. Follow these practices and […]

Bhubaneswar: Continuing with its rising trend, Reliance Jio remained the most preferred mobile service provider in Odisha. As per the latest subscriber data released by Telecom Regulatory Authority of India (TRAI), Jio surpassed 30% subscriber market share mark in Odisha, adding over 3.15 lakh new subscribers in May 2019. While JIO added the highest 3.15 […]

New Delhi: Gold prices touched a new high of Rs 35,970 per 10 gram in the national capital after gaining Rs 100 on Monday due to continued buying from jewellers, according to the All India Sarafa Association. Silver also followed the suit and gained Rs 260 to Rs 41,960 per kg due to fresh buying […]

Mumbai: State Bank of India’s net banking and YONO, popular mobile application, services were resumed after staying off-line for several hours, leaving thousands of customers’ stranded. During the period, some of the web-based banking instruments of the SBI, were not available with many customers posting complaints on the bank’s official twitter handle. However, banking sources […]

New Delhi: Flat owners will have to pay GST at 18 per cent if their monthly contribution to resident welfare association (RWA) exceeds Rs 7,500, the Finance Ministry said Monday. As per the rules, RWAs are required to collect GST on monthly subscription/contribution charged from its members if such payment is more than Rs 7,500 […]