Business
Vistara Offers Fares Starting at Rs 799 Under Sale Offer
The 48 hours only 'Freedom to Fly' sale offers customers all-inclusive fares starting at Rs 799 for economy class and Rs 2,099 for premium economy, Vistara said in a release.
RBI Behind Curve on Rate Cuts, Say Frustrated Govt Officials
The RBI lowered its main policy rate by 25 basis points to 6 percent, its lowest since November 2010, but senior officials argue with inflation below target and private investment contracting it should have cut by 50-75 basis points.
Farm Loan Waivers by States Could Result in Fiscal Slippage: RBI
India's largest state by population Uttar Pradesh, along with Punjab, Maharashtra, and Karnataka, is among the states that have announced loan waivers for farmers.
SBI Cuts Saving Account Rate by 0.5% on Balance up to Rs 1 Crore
The State Bank of India, the country’s largest lender, has slashed interest on savings account deposits by 50 basis points to 3.5 per cent on balance up to Rs 1 crore, ahead of RBI's policy review this week.
Talks For Snapdeal Acquisition by Flipkart Hit a Roadblock
The latest developments come within days of Snapdeal agreeing to sell its digital payment platform, FreeCharge, to Axis Bank for Rs 385 crore.
No News on Rs 2,000 Note 'Withdrawal', Rs 200 to be Issued Soon: MoS Finance
Industry experts said the government was aiming to limit the circulation of high denomination Rs 2,000 note, which would remain a legal tender, but not demonetise it. The circulation of smaller denomination notes would be increased by introducing a new Rs...
India Likely to Clock 7.5% Growth This Fiscal, Says Arvind Panagariya
NITI Aayog Vice Chairman Arvind Panagariya admits that creation of "good jobs" in the country remains a big challenge.
Demonetisation, GST to Widen Tax Base, Make Cash Dealing Difficult, Says Arun Jaitley
Arun Jaitley said, " Net impact of the demonetisation exercise coupled with the GST exercise, which is going to make generation of cash a lot more difficult, will certainly lead to greater compliance, greater digitisation".
RIL to Buy 25 Per Cent Stake in Balaji Telefilms for Rs 413 Crore
Balaji Telefilms said the proceeds from the transaction would be utilised to speed up content development initiatives, especially for its over-the-top content platform ALTBalaji.
Reliance Industries Chairman Mukesh Ambani Announces 1:1 Bonus Issue
Reliance Industries Ltd’s bonus issue, announced by Chairman Mukesh Ambani on the 40th anniversary of it going public, effectively means shareholders will get an additional share for every share currently held.
Sensex Hits Life-time High of 32,131.92, Nifty Scales New Peak
In opening trade, the 30-share Sensex moved higher by 73.69 points, or 0.23 per cent, to 32,094.44.
India Plans Open Sky Pact With Countries Within 5,000 km: Oman Air CEO
An open sky air service agreement allows for airlines from the two countries to have an unlimited number of flights as well as seats to each other's jurisdictions.
Gold Rises After Janet Yellen Hints at Only Gradual Tightening
The US economy is healthy enough for the Fed to raise rates and begin winding down its massive bond portfolio, although low inflation and a low neutral rate may leave the central bank with diminished leeway, Janet Yellen said on Wednesday.
Sensex Climbs 73 Points, Nifty Tops 9,800-mark
The 30-share index went up 73.03 points, or 0.23 per cent, at 31,820.12. The gauge gained 386.45 points in the previous two sessions to close at a fresh record high of 31,747.09 on Tuesday.
Markets Close at Record Highs on Solid Earnings Optimism
The BSE 30-share Sensex resumed higher at 31,789.50 and advanced to touch a new all-time intra-day high of 31,885.11, surpassing its previous record of 31,768.39, clocked in yesterday's trade.
GSTN Helpdesk Gets 10,000 Calls/Day; to Double Manpower to 400
GST Network (GSTN), the company building the IT backbone for the biggest indirect tax reform, had on June 25 opened a call centre and publicised the 0120-4888999 helpline number to help tax payers with enrolment related queries.