Business News Updates

New Delhi: The Delhi airport on Monday said that SpiceJet and IndiGo airlines would shift their flight operations to T3 terminal from September 5 due to expansion works at T2. “SpiceJet to shift its operation from T2 to T3 entirely; while IndiGo to partially move its operation from T2 to T3…This will result in the […]

New Delhi: Finance Minister Nirmala Sitharaman on Monday said corporate tax rate for companies with over Rs 400 crore turnover will be gradually cut to 25 per cent and the government will support wealth creators. In her maiden Budget in July, she had cut corporate tax for companies with annual turnover of up to Rs […]

New Delhi: In what could be a big relief for ATM card users, the Reserve Bank of India (RBI) has issued notice to all Scheduled Commercial Banks including Regional Rural Banks, Urban Co-operative Banks, State Co-operative Banks, District Central Co-operative Banks, Small Finance Banks, Payment Banks, White Label ATM Operators clarifying on the usage of […]

New Delhi: Broadcasters have raised concerns over the Telecom Regulatory Authority of India (TRAI) decision to review the issue of pricing, barely eight months after implementing the new tariff order. They fear that the intrusive approach by the regulator will only discourage and disincentive fresh investments into the sector, which can have dire consequences. Smaller […]

Mumbai: Domestic equity benchmark BSE Sensex rose over 100 points in early trade on Tuesday led by gains in IT stocks amid positive cues from global markets. The 30-share was trading 100.23 points or 0.27 per cent higher at 37,502.72 at 0930 hours; and the broader Nifty too rose 16.15 points or 0.15 per cent […]

New Delhi: In a bid to boost car sales amid piling inventories, the State Bank of India (SBI) on Tuesday waived processing fee on car loans during the upcoming festival season and is also offering the lowest interest rate starting 8.70 per cent on car loans, with no escalation in interest. The move is likely […]

Mumbai: Riding on the growing digital consumption via smartphones along with ultra-cheap data plans, the media and entertainment industry in India is likely to reach Rs 3.07 trillion by the financial year 2024, a new report said on Tuesday. According to KPMG in India’s ‘India’s Digital Future: Mass of niches’ report, the media and entertainment […]

New Delhi: Gold prices on Tuesday touched a record high of Rs 38,770 per 10 gram in the national capital after gaining Rs 200 on persistent buying from jewellers even as the precious metal lost steam overseas, according to the All India Sarafa Association. Silver, however, plunged Rs 1,100 to Rs 43,900 per kg on […]

New Delhi: India will introduce a flexible e-tourist visa regime for over 160 countries based on tourist footfall, with higher fee for the peak season of July to March and a considerably lower fee during the lean period of April to June, officials have said. The fee for e-visa with a validity of 30 days […]

Mumbai: Domestic equity benchmarks BSE Sensex and NSE Nifty started on a negative note on Wednesday as investors remained risk averse due to uncertainties over economic growth. The 30-share index was trading 65.72 points, or 0.18 per cent, lower at 37,262.29. The broader Nifty dropped below the 11,000 level, falling 19 points, or 0.17 per […]

Mumbai: The rupee rebounded from six-month low level and appreciated by 23 paise to 71.48 against the US dollar in early trade on Wednesday tracking gains in Asian currencies and fresh foreign fund inflows. On Tuesday, the rupee had closed at a new six-month low of 71.71 against the US dollar as economic uncertainties continued […]

New Delhi: After the Delhi-Lucknow Tejas Express, the railways has decided to hand over the operations of the Ahmedabad-Mumbai Central Tejas Express to its subsidiary, IRCTC, as a test case, ahead of the implementation of its plan to rope in private players in the running of certain trains, sources said on Tuesday. The IRCTC, the […]

In a bid to promote digital payments and eliminate plastic cards, the State Bank of India(SBI) may herald the beginning of the end of the ubiquitous debit cards from the banking system. This is despite the huge reliance on debit cards by customers of SBI which services a fifth of the population. “…it is our wish […]

Hyderabad: US-based e-commerce giant Amazon on Wednesday inaugurated in the city its single-largest campus in the world that will house more than 15,000 employees. It is the only Amazon-owned campus outside the US and will house over 15,000 employees of its over 62,000 employee base in India, a press release said. “With 15,000 work points […]

Mumbai: India’s economic growth is likely to slow down further to 5.7 per cent in the April-June quarter of this year due to low consumption, weak investments and an under-performing service sector, said a Nomura report. The economy, however, is expected to see some recovery in the July-September quarter, the report added. It attributed the […]