Business News Updates

Mumbai: The rupee on Tuesday depreciated by 17 paise to close at 68.71 against the US dollar due to rising crude oil prices and foreign fund outflows. A strengthening US dollar against major currencies overseas also weighed on the rupee sentiment, forex traders said. However, sustained buying in the domestic equity market restricted the rupee’s […]

Kolkata: Air India (AI) on Tuesday launched its non-stop flight service to Dubai from Kolkata, responding to a long-standing demand for direct flights to the Gulf city. Inaugurating the flight at the NSC Bose International Airport here, AI Regional Director Sanjay Mishra said the new service has evoked a lot of enthusiasm among the people […]

Bhubaneswar: The Central Board of Direct Taxes (CBDT) today clarified that no changes have been made in the Income Tax Return (ITR) forms including ITR-2 and ITR-3. In a release, CBDT stated that no changes have been made since the notification was made on April 1, 2019, the first day of the assessment year 2019-20. […]

New Delhi: The Reserve Bank of India (RBI) has issued various instructions to banks in respect of security and risk mitigation measures related to card transactions. According to MoS Finance Anurag Thakur, the RBI has directed banks- (1) to provide online alerts for all card transactions (2) Introduce additional security measures, inter-alia, which include: All […]

Mumbai: The Sensex on Wednesday opened slightly higher above the 39,000 mark as result of several corporate biggies were awaited. Corporate earnings of companies like Yes Bank, Wipro and Mindtree will be announced later in the result-heavy day. At 9.17 a.m., the Sensex was down 45.84 points at 39,085.20, while the broader Nifty was at […]

Bengaluru: Global software major Wipro on Wednesday reported Rs 2,390 crore net profit for the first quarter of FY20, registering 12.6 per cent annual growth from Rs 2,094 crore in the same period a year ago. Sequentially, net profit declined 4.2 per cent from Rs 2,494 crore a quarter ago. In a regulatory filing on […]

Bengaluru: Leading IT consulting firm Mindtree on Wednesday reported Rs 93 crore net profit for the first quarter of fiscal 2019-20 against Rs 158 crore in the same period a year ago, which is a 41 per cent annual decline. Sequentially too, the city-based software services firm, reported 53 per cent plunge in net profit […]

United Nations: India’s current account (CA) balance deficit grew to $68 billion in 2018-19 from $49 billion the previous year, according to the International Monetary Fund (IMF), which said the deficit was justified by development needs. The External Sector Report of the IMF released on Wednesday by Chief Economist Gita Gopinath also found that India’s […]

Mumbai: Sensex traded slightly lower after opening on a flat note on Thursday. At 10.14 a.m., the Sensex was trading 55.45 points lower at 39,160.19. It opened at 39,204.47 from its Wednesday’s close 39,215.64. The Nifty was trading 20.10 points lower at 11,667.40. Yes Bank was the top loser, down over 10 per cent on the […]

With an aim to provide unlimited calling benefit to its subscribers, BSNL has launched a new plan at an affordable price of Rs 151. Despite being in financial crunch, the State-run BSNL has launched ‘Abhinandan-151’ to give a tough competition to private players and woo more subscribers. As per a report published by www.indiatoday.com, apart […]

New Delhi: The government is taking steps to make public sector BSNL more competitive and these include upgradation of technology and capital infusion, Rajya Sabha was informed on Thursday. Communications Minister Ravi Shankar Prasad said the government has inherited legacy issues and steps are being taken to make BSNL more competitive. “To ensure stability in […]

New Delhi: Asian Development Bank (ADB) Thursday lowered the growth forecast for India from 7.2 to 7 per cent for the current fiscal, due to moderation in growth prospects for the advanced economies which could adversely affect tradable services. ADB, however, maintained that India would continue to remain the fastest growing major economy ahead of […]

New Delhi: Gold prices Thursday rose by Rs 170 to Rs 35,670 per 10 gram in the national capital, while silver zoomed Rs 910 to Rs 41,100 per kg on positive overseas trend and fresh buying by industrial units and coin makers, according to the All India Sarafa Association. Despite gold losing steam overseas, the […]

Bhubaneswar: The Bharat Sanchar Nigam Limited (BSNL) today launched two special plans for its customers. At a presser held in Bhubaneswar today, senior officials informed that two plans-Super 81 and STV 591 have been launched with additional benefits. Under the Super 81 plan, the company is offering unlimited calls to all BSNL users with a […]

Bengaluru/New Delhi: Multi-crore ponzi scheme scam prime accused and IMA Jewellers founder Mansoor Khan was arrested early on Friday from the New Delhi airport on arrival from Dubai by the Delhi Police, an official said. “Khan was taken into custody on landing at the New Delhi international airport on arrival from Dubai around 2 a.m. […]