Business News Updates

The Indian Railways is one such department which has always been concerned for its passengers, needless to say, under the ministry’s initiatives millions of travellers have benefited. The Railways extends passenger fare concessions in as many as 53 categories, which include senior citizens, passengers with disabilities, cancer, thalassemia, heart and kidney patients, war widows students […]

Mumbai: State Bank of India-led consortium of lenders Monday decided to send the grounded Jet Airways to the National Company Law of Tribunal (NCLT) as they have not yet received any concrete proposal for the airline. The decision was taken after a meeting of the lenders. “After due deliberations, the lenders have decided to seek […]

New Delhi: Gold prices rose by Rs 100 to Rs 33,720 per 10 gm at the bullion market in the national capital on Tuesday on the back of positive demand from local jewellers amid favourable trend overseas, according to the All India Sarafa Association. Similarly, silver prices increased by Rs 130 to Rs 38,220 per […]

New Delhi: The RBI will examine concerns around its strict data localisation rules that require storing of customer data exclusively in India without creating mirror sites overseas, the government said Tuesday. The Reserve Bank of India (RBI) in April last year asked payment firms to ensure their data are stored exclusively on local servers, setting […]

New Delhi: Business travel will soon be a luxurious experience for corporate honchos with an upmarket uber air-charter service landing into Indian airspace to service those who wish to travel in style. European FMCG company Olialia World has announced a joint venture (JV) with Delhi-based Aerojet Aviation Pvt Ltd to launch private jets and helicopter […]

New Delhi: The Enforcement Directorate (ED) on Tuesday said that it has attached moveable properties worth Rs 1,609 crore belonging to the Sidhi Vinayak Logistics Ltd (SVLL) in its investigation into a bank fraud case. The ED in a statement said the agency’s seizure matched against the proceeds of crime worth Rs 1,590 crore in […]

For opening a bank account, someone needs to undergo know-your-customer (KYC) verification. The Reserve Bank of India (RBI) has simplified the KYC documentation allowing submission of a single document with photograph and address. The documents approved for KYC include passport, driving licence, voter ID card, PAN card, Aadhaar and job card. But in a recent […]

Mumbai: Domestic equity benchmark BSE Sensex rallied over 350 points Wednesday driven by gains in banking and IT stocks, amid positive cues from global markets ahead of US Fed policy outcome. The 30-share index was trading 367.24 points, or 0.94 per cent, higher at 39,413.58 at 0930 hours. Similarly, the broader NSE Nifty was quoting […]

Mumbai: The rupee appreciated by 21 paise to 69.49 against the US dollar in opening trade Wednesday ahead of the US central bank’s meeting. The rupee opened strong at 69.57 at the interbank forex market then gained further ground to touch 69.49 per dollar, displaying gains of 21 paise against the greenback. Forex dealers said […]

Mumbai: HDFC Ltd will acquire the entire 50.8 per cent shareholding of Apollo Group in Apollo Munich Health Insurance Company for Rs 1,336 crore, according to an announcement here on Wednesday. Earlier in the day, both HDFC and Apollo Hospitals Group approved entering into definitive agreements for HDFC to acquire the entire 50.8 per cent […]

Mumbai: Despite a positive trend in Asian markets, the key Indian equity market indices on Thursday opened lower after the US Federal Reserve has left interest rates unchanged. The Sensitive Index (Sensex) of the BSE, which had closed at 39,112.74 points on Wednesday, opened lower at 39,042.96 points. Minutes into trading, it was quoting at […]

New Delhi: Gold prices Thursday surged by Rs 280 to cross Rs 34,000-mark in the national capital on strong global sentiment and fresh buying from local jewellers, according to All India Sarafa Association. The prices of yellow metal rose to Rs 34,020 per ten gram. Tracking gold, silver too increased by Rs 710 to Rs […]

Mumbai: The rupee Thursday surged 24 paise to close at a one-week high of Rs 69.44 against the US currency on the back of a rally in equities and losses in the dollar after the US Federal Reserve hinted at a possible rate cut in near future. The rupee rose to a high of 69.35 […]

Mumbai: Jet Airways Thursday became the first domestic airliner to go into bankruptcy as the NCLT admitted an insolvency petition filed by State Bank on behalf of 26 lenders, sending its share price soaring a whopping 150 percent after having plumbed life-lows for many days. While SBI made a claim of Rs 967 crore from […]

Mumbai: The rupee Friday fell 28 paise to trade at 69.72 against the US dollar in early trade following foreign fund outflows and rising crude prices after Iran said it had shot down a US military drone. Subdued sentiments in domestic equity markets also influenced the trading pattern in the currency market, forex traders said. […]