Business News Updates

Osaka: India and Indonesia on Saturday set an ambitious USD 50 billion target for bilateral trade over the next six years as Prime Minister Narendra Modi and President Joko Widodo discussed ways to deepen cooperation in a number of key areas including economy, defence and maritime security. The two leaders, who are in Osaka, Japan […]

New Delhi: Parliament is likely to start discussion on the General Budget on July 8 while voting on Demands for Grants is likely between July 11-17 as the Narendra Modi government presents the first Budget of the second term on July 5. “The tentative dates for discussion and voting on demands-for-grants for 2O19-20 are expected […]

With an aim to facilitate better service to its account holders, State Bank Of India (SBI), the country’s largest lender, has been offering eight free transactions through its ATM cards. The bank’s regular savings account holders can undertake five transactions at SBI ATMs and three at other bank ATMs. However, savings bank account holders in […]

Mumbai: Fund transfer through RTGS and NEFT systems is set to become cheaper from Monday after the Reserve Bank of India decided it will not impose any charges on such transactions. After announcing its decision to waive all charges on fund transfer through RTGS and NEFT systems from July 1, the Reserve Bank of India […]

New Delhi: Determined to increase its earnings, the Indian Railways is mulling implementing a “give it up” scheme asking passengers to sacrifice the subsidy on train tickets. A senior Railway Ministry official aware of the development told IANS: “The railways has submitted a 100-day plan to the Prime Minister’s Office (PMO) to increase the earnings.” […]

New Delhi: Digital wallet Paytm on Monday refuted reports that it is going to charge users extra amount for digital transactions on its platform. “We would like to clarify that Paytm app/payment gateway owned by One97 Communications Limited does not charge or levy any convenience/transaction fee from our customers on using any payment method which […]

New Delhi: The consumer mobile business of Tata Teleservices has now become part of telecom operator Bharti Airtel, the two companies said on Monday. Airtel stocks closed marginally up following the announcement. The consumer mobile businesses of Tata Teleservices Limited (TTSL) and Tata Teleservices (Maharashtra) Limited (TTML) have been merged into Bharti Airtel Limited and […]

New Delhi: In signs of sluggish momentum in tax collections, Goods and Services Tax (GST) receipts in June fell to Rs 99,939 crore, down from over Rs 1 lakh crore in the previous month, the finance ministry said Monday. While the GST collections in June were lower than Rs 1,00,289 crore in May, they were […]

Mumbai: Ahead of the Union Budget, the Sensex and Nifty on Tuesday were trading marginally in the red. Union Budget is scheduled to be tabled on July 5. Analysts said that the Budget will be a key trigger for the markets, ahead of which some caution was being witnessed. The Sensex was trading 84.57 points […]

Chennai: Dismissing media reports as rumours, telecom major Bharat Sanchar Nigam Limited (BSNL) Tamil Nadu Circle on Tuesday said there is no proposal to close down the company. In a statement issued here, the company said: “There is no proposal to close down BSNL as wrongly reported in a section of the press. Due to […]

Mumbai: The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade and soon entered the negative range. The Sensex of the BSE opened at 39,907.57, touched a high of 39,908.47 and a low of 39,732.38. The Sensex is trading at 39,776.60 down by 39.88 points or […]

Mumbai: The key Indian equity indices opened on a positive note ahead of the presentation of the Economic Survey in Parliament. The Economic Survey will show the situation of the country’s economy and its several segments and talk about the issues it may face in future. At 9.35 a.m., the BSE Sensex traded at 39,917.74, […]

New Delhi: The government Thursday pegged the growth rate for the current fiscal at 7 per cent, marginally up from the five-year low of 6.8 per cent recorded in the previous fiscal. According to the Economic Survey for 2018-19, tabled by Finance Minister Nirmala Sitharaman in the Rajya Sabha, “real GDP growth for the year […]

Mumbai:  The rupee appreciated by 6 paise to 68.83 against the US dollar in opening trade Thursday, tracking positive opening in domestic equities and easing crude oil prices. Forex traders said rupee is trading in a narrow range as market participants are awaiting cues from the Economic Survey scheduled to be tabled in Parliament Thursday. […]

New Delhi: The Economic Survey 2018-19 said that India’s inflation scenario transitioned from its high and volatile levels to a low and stable condition in the last five years. “The economy witnessed a gradual transition from a period of high and variable inflation to more stable and low level of inflation in the last five […]