Business

State-owned fuel retailers on Friday decided to defer their decision to suspend jet fuel supplies to Air India after the national carrier promised to make regular payments to clear outstanding dues, officials said. The three state-owned oil companies – Indian Oil Corporation (IOC), Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) – had earlier this month threatened to snap ...

Gold prices on Thursday declined Rs 105 to Rs 38,985 per 10 gram in the national capital on a stronger rupee and weak global cues, according to HDFC Securities. However, silver surged by Rs 509 to Rs 46,809 per kg here from its previous close of Rs 46,300 per kg. On Wednesday, gold closed at Rs 39,090 per 10 gram. ...

Around 50 depositories of the scam-hit Punjab and Maharashtra Cooperative Bank staged a protest outside the RBI demanding revoking restrictions on cash withdrawal, currently capped at Rs 40,000 over a six-month period. The protesters marched from Patel Chowk to Reserve Bank of India protesting against the suspension of banking operation since September 24. According to police, the PMC bank depositors ...

E-commerce giant Flipkart on Tuesday said it is setting up a new local entity – Flipkart Farmermart – that will focus on food retail in India, as it looks to take on arch-rival Amazon in the segment. According to sources, Flipkart is expected to invest about Rs 2,000 crore initially in the business and pump in more funds as required ...

Union Minister of Commerce & Industry and Railways, Piyush Goyal participated in the 3rd edition of India Energy Forum2019by CERAWeek in New Delhi today. Piyush Goyal was part of the Indian Ministerial panel along with R. K. Singh, Minister for New and Renewable Energy and Pralhad Joshi, Minister of Coal and Mines. The discussions were conducted by Daniel Yergin, Pulitzer ...

Equity benchmark BSE Sensex rose over 150 points on Monday led by gains in HDFC Bank, ITC and HUL, amid positive global cues and foreign fund inflow. After opening on a volatile note, the 30-share index swung over 200 points in early trade. It was trading 105.79 points, or 0.28 per cent, higher at 38,232.87 at 0945 hours. Similarly, the ...

Indian Railways has added a large amount to its coffers by selling scrap. According to the details released from the railways in response to an RTI application, the department has earned Rs 35,073 crore from scrap in the last 10 years. The details of the scrap issued by the Ministry of Railways in the last 10 years, shows that the ...

Equity benchmark BSE Sensex surged over 645 points to close at 38,177.95 on Wednesday, propelled by gains in banking, financial and metal stocks. After opening on a cautious note, the 30-share index gained momentum in afternoon trade. It finally closed at 38,177.95, showing a rise of 645.97 points or 1.72 per cent. Similarly, the 50-share NSE Nifty zoomed 186.90 points ...

Shares of Yes Bank rallied over 4 per cent on Monday on prospects of fresh investments in the company. Shares of the private sector lender rose 4.15 per cent to Rs 43.85 on the BSE. On the NSE, the stock advanced 4.03 per cent to Rs 43.85. According to the bank’s chief executive Ravneet Gill, the private sector lender is ...

Equity benchmark BSE Sensex plummeted 434 points on Friday, dragged by heavy losses in banking stocks after the RBI slashed the country’s economic growth outlook for this fiscal. In its fourth bi-monthly policy review, the central bank also reduced its benchmark lending rate by 0.25 per cent to revive growth that has hit a six-year low. After opening nearly 300 ...