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At ₹11,262 cr, Mukesh Ambani's RIL puts highest quarterly profit ever

Business | Oct 18, 2019, 08:04 PM IST

Reliance Industries on Friday reported an 18.6 per cent rise in consolidated net profit to a record Rs 11,262 crore for the second quarter of the current fiscal on the back of a turnaround in refining margins and continued rise in consumer businesses of retail and telecom.

Bank Customer Alert! Duped by online banking fraudsters?

Duped by online banking fraudsters? Here's what you should do

Business | Oct 18, 2019, 02:44 PM IST

Online Banking Fraud Alert! Online banking has eased customers bank-related work like money transfers. However, every good thing comes at a cost. To protect against online fraud, including phishing, India's largest lender State Bank of India (SBI) suggests customers to be suspicious of any e-mail or text message containing an urgent request for personal or financial information.

Mukesh Ambani's Reliance Industries creates history, first

Mukesh Ambani's RIL creates history, hits ₹ 9 lakh crore m-cap

Business | Oct 18, 2019, 12:51 PM IST

Billionaire Mukesh Ambani's Reliance Industries (RIL) on Friday added another feather to its cap and became the first Indian firm to hit the Rs 9 lakh crore market valuation mark. During late morning trade on BSE, the company's market capitalisation (m-cap) was Rs 9,01,490.09 crore.

Important! SBI Bank to cuts interest rates on its savings

Attention! SBI Bank to cut savings account interest rates from Nov 1

Business | Oct 18, 2019, 02:23 PM IST

Are you SBI customer and have saving account with the bank? Then this news is very important for you as State Bank of India (SBI), India's largest public sector bank is all set to reduce the interest rates on deposits in retail savings accounts from November 1, 2019.

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India among fastest growing economies: Sitharaman post IMF projections

Business | Oct 18, 2019, 07:31 AM IST

Asked if the government is still on track to maintain the fiscal deficit target to 3.3 per cent of the GDP, Nirmala Sitharaman said: "Fiscal deficit, I am not reviewing it now."

HDFC customers attention! Bank clarifies on viral passbook

HDFC Bank clarifies on viral passbook pic with insurance deposit stamp

Business | Oct 18, 2019, 07:06 AM IST

HDFC Bank Customers alert! A passbook picture of HDFC Bank, India one of the largest private sector bank, bearing a stamp of deposit insurance cover being circulated on social media which informs customers that deposits only up to ₹1 lakh is insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC). Issuing a clarification on it, the lender said the information was not new and has been inserted as per Reserve Bank of India circular issued on June 22, 2017.

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5 Effective Tips to Book Cheapest Flights Available

Oct 18, 2019, 02:24 PM IST

Are you planning to book a flight for a trip home or abroad? Have you seen a price escalation in flight tickets from the time you searched these flights till the time you are booking it online? We bring to 5 effective tips to help you book the cheapest flights available online.

GoAir pre-Diwali 2019 24-Hour sale: Book GoAir flight

GoAir pre-Diwali 2019 sale: Book flight tickets starting from ₹1,296

Oct 17, 2019, 02:31 PM IST

GoAir pre-Diwali 2019 sale: In good news for travellers planning for trip to international or domestic, Go Air has announced a pre-Diwali 24-hour sales. Under this 24-hour pre-Diwali super saver deal, customers can book tickets for as low as Rs. 1296 onwards (inclusive of taxes) for international and domestic routes.

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Ola rolls out self-drive cabs in Bengaluru. Know fare, safety features

Business | Oct 17, 2019, 01:33 PM IST

Ola said it intends to host a fleet of 20,000 cars by 2020 to build and scale up the Ola Drive service across several Indian cities.

Planning gifts for your loved on Diwali? Get ready to pay

Thinking of Diwali gift? Rules you should know to avoid hefty tax

Business | Oct 17, 2019, 02:54 PM IST

Gifts are exchanged on numerous occasions like weddings, Diwali, birthdays and anniversary. But little did you know that these gifts are taxable and taxman have a role in what you are going to gift away!

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Bihar govt employees to get Oct salary before Diwali, Chhath with DA

Business | Oct 16, 2019, 08:37 PM IST

Good news! Bihar government employees will get pre-Diwali and Chhath puja bonanza with five per cent additional dearness allowance along with the salary for the month of October. Bihar government has issued a direction to disburse the salary from October 25 onwards, ahead of Diwali and Chhath festivals.

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SBI Card launches SBI Card Pay for contactless mobile payments

Business | Oct 17, 2019, 07:33 PM IST

SBI Card, one of the country`s leading credit card issuers, today announced the launch of ‘SBI Card Pay’, a payment feature based on Host Card Emulation (HCE) technology for faster, convenient and more secure card payments using mobile phones.

Bank of Maharashtra customers? Bank has THIS important

Bank of Maharashtra customers? Bank has this important message for you

Business | Oct 16, 2019, 03:33 PM IST

Amid ongoing Punjab and Maharashtra Bank (PMC) crisis, rumours on the poor financial health of Bank of Maharashtra has been spreading on WhatsApp. Following which, BoM filed a complaint with Pune police and cyber cell against the circulation of fake news and spreading of rumours on news site and other social media platforms. Bank also issued an important message for its customers.

Amid slowdown, Parle Biscuits net profit up 15% in FY-19, 2

Parle net profit up 15% in FY-19, months after it warned of layoffs

Business | Oct 16, 2019, 11:35 AM IST

Amid Economic slowdown, privately owned Parle Biscuits — a part of the Parle Products group — reported 15.2 per cent year-on-year (YoY) growth in net profit for financial year 2018-19 (FY19), two months after the company indicated that it would have to lay off people due to slowing growth and falling demand for entry-level biscuits. The company has also asked the government for a cut in Goods and Services Tax (GST).

Important for India to keep fiscal deficit in check: IMF

Important for India to keep fiscal deficit in check: IMF chief

Business | Oct 16, 2019, 08:16 AM IST

It is important for India to keep fiscal deficit in check, even though its revenue projections look optimistic, Chief Economist of the International Monetary Fund (IMF) Gita Gopinath has said.

7 must follow tips to protect your money from online

7 tips to protect money from online shopping fraud during festival

Business | Oct 15, 2019, 08:01 PM IST

As the festive season has arrived, e-commerce portals in India like Flipkart, Amazon India and others have started offering discounts, cashback and several other offers to lure buyers. Festive offers from shopping sites usually comes during Diwali, so this is the most awaited time for shoppers in the country. People tend to easily get carried away seeing handsome discounts and cashback offers.

SBI Account-Aadhaar linking: Simple steps to do it online

Step-by-step guide to link SBI account to Aadhaar

Business | Oct 15, 2019, 01:52 PM IST

SBI Account-Aadhaar linking: It is mandatory for customers to link Aadhaar with all savings accounts with the State Bank of India (SBI), India's largest lender. SBI provides you with multiple channels to link your Aadhaar number to your existing account. Here's simple steps to do it online or through ATM.

SBI customer attention! Know how much balance you need to

SBI saving accounts minimum balance rules to avoid hefty penalty

Business | Oct 16, 2019, 12:42 PM IST

The country's largest lender State Bank of India (SBI) has revised the minimum balance rules that all customers should know. SBI account holder needs to keep a certain amount of money in their savings accounts or will have to pay a hefty penalty.

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Good News! 1.76 lakh BSNL employees to get Sept salary before Diwali

Business | Oct 15, 2019, 01:09 PM IST

In a major relief, lakhs of BSNL employees are all set to get September month salary before Diwali, BSNL chairman and MD P.K. Purwar confirmed. State-run Bharat Sanchar Nigam Ltd (BSNL) has said that it is hopeful of paying salaries to its 1.76 lakh employees for September before Diwali.

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SBI Debit Card Holder? Get different insurance covers upto Rs 50 lakh

Business | Oct 15, 2019, 12:41 PM IST

Did you know? like credit cards, the State bank of India or SBI debit cards also come with insurance cover. SBI provides different insurance covers up to ₹ 10 lakh to ₹ 50 lakh, depending on the type of your debit card. From SBI Gold to Business card and Master to Visa card, the insurance cover differs.

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RBI enhances withdrawal limit for PMC depositors upto ₹ 40,000

Business | Oct 14, 2019, 11:52 PM IST

Reserve Bank of India on Monday enhanced the withdrawal limit for depositors of Punjab and Maharashtra Cooperative (PMC) Bank Ltd to ₹ 40,000, giving relief to its customers ahead of Diwali.

EPFO is crediting increased interest to your PF accounts.

EPFO crediting increased interest to your PF accounts. Check balance

Business | Oct 14, 2019, 06:48 PM IST

The Employees' Provident Fund Organisation (EPF0) has begun crediting interest to provident fund accounts. It is learnt that several PF account holders have already received interest credit of 8.65 per cent for the financial year 2018-2019 ahead of Diwali. You can check your PF/Provident Fund balance using UMANG App, SMS, EPF portal or by just giving a missed call.

Consumer Price Index for September stands at 3.99%

Retail inflation spikes to 3.99% in September

Business | Oct 14, 2019, 06:51 PM IST

India's Consumer Price Index (CPI) for September stands at 3.99 per cent as compared to 3.21 per cent in August. September's CPI Food price inflation is 5.11% vs 2.99% in August. Fuel, Light inflation is at -2.18% vs -7.1% in August. Clothing and Footwear Inflation stands at 0.96% vs 1.23% in August. August Consumer Price Index (CPI) has been revised to 3.28% vs 3.21%.

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10 interesting facts about blockbuster IRCTC IPO debut

Business | Oct 14, 2019, 04:10 PM IST

IRCTC IPO: The Indian Railway Catering and Tourism Corporation (IRCTC) made a blockbuster entry on the exchanges on Monday on their listing debut on BSE and NSE. IRCTC almost doubled its issue price of Rs 320 during the early trade.

Paytm, PhonePe Users Alert! RBI to set up internal

RBI to set up internal ombudsman for digital payment service providers

Business | Oct 14, 2019, 03:28 PM IST

Use of mobile wallets or digital payment has been grown rapidly in the past few months. Following which, the Reserve Bank of India (RBI) is to set-up an internal ombudsman for digital payment or mobile wallet service providers, including Paytm, PhonePe, Amazon Pay and others.

IRCTC makes blockbusters stock market debut; shares zoom

IRCTC makes blockbuster stock market debut; shares zoom over 101 pc

Business | Oct 14, 2019, 11:18 AM IST

Shares of Indian Railway Catering and Tourism Corporation (IRCTC) zoomed over 101 per cent in debut trade on Monday against its issue price of Rs 320.

IRCTC IPO: After raising Rs 645 cr in IPO, IRCTC set to

After raising Rs 645 cr in IPO, IRCTC to make stock market debut today

Business | Oct 14, 2019, 08:10 AM IST

The initial public offering (IPO) of Indian Railway Catering and Tourism Corporation (IRCTC), which recently concluded Rs 645-crore as it got subscribed 111.91 times on the final day of bidding, will make its stock market debut today.

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RBI changes rules on ATM withdrawals & online transactions, check out

Business | Oct 12, 2019, 10:37 PM IST

The Reserve Bank of India has stepped in to provide relief to the customers. The new guidelines released by the RBI have defined the new turnaround time for such failed transactions.

RBI changes co-op banks' reporting system post PMC fraud

RBI changes co-op banks' reporting system post PMC fraud

Business | Oct 12, 2019, 07:15 AM IST

In a circular addressed to the chief executives of all co-op banks, RBI asked them to replace the existing system of email-based reporting at the branches to a web-based central system. This will make use of RBI's Central Information System for Banking Infrastructure (CISBI) which is an online portal that presently allots Basic Statistical Return (BSR) code to branches and offices of all banks.

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Forbes Richest Indian 2019: Mukesh Ambani at the top, Adani second

Business | Oct 11, 2019, 09:32 PM IST

Mukesh Ambani continues to be the richest Indian for 12th consecutive year according to the Forbes list. Mukesh Ambani, the Chairman of Reliance Industries has managed to add a handsome USD 4 billion in a year that made headlines for slump in economic growth and lessened demand in the automobile sector.

Explained: The case against ex Ranbaxy promoters Malvinder

What is the case against Malvinder and Shivinder Singh?

Business | Oct 11, 2019, 02:38 PM IST

Shivinder Singh and his elder brother Malvinder Singh, former promoters of pharmaceutical giant Ranbaxy, popular hospital chain Fortis and financial services firm Religare, have been arrested by the Economic Offences Wing (EOW) of Delhi Police in a Rs 740 crore fraud case.

Passenger vehicle sales plunge by 24%, commercial by 62% in

Passenger vehicle sales drop 24 pc, commercial by 62 pc in September

Business | Oct 11, 2019, 12:47 PM IST

Passenger car sales were down 33.4 per cent to 1,31,281 units last month as against 1,97,124 units in September 2018, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Friday.

SBI Home Loan Processing Fee: SBI likely to charge

Attention! SBI likely to charge processing fees on home loans

Business | Oct 11, 2019, 12:17 PM IST

SBI Home Loan Processing Fee: India's largest lender State Bank of India (SBI) is likely to charge processing fees for home loans borrowers, top-up plans and corporate and builder loans.

LIC policyholder? Life Insurance Corporation has an

Alert! LIC has an important message for its policyholders

Business | Oct 11, 2019, 03:10 PM IST

LIC policyholders alert! News is doing rounds of social media platform claiming that LIC is in a weak financial position and several of its policyholders might end up losing their money.

Attention Jio Users! Your calls to rival networks will be

Jio users can enjoy free voice calls if recharged before this date

Business | Oct 10, 2019, 06:36 PM IST

A day after Reliance Jio's announcement of 6 paisa/minute charge on voice calls to rival networks, the company came out with an important update on the decision. It said it would not charge Jio users if their recharge was done on or before October 9. Those who had recharged their phones before this date can enjoy free calls to non-Jio numbers.

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Will speak to RBI governor on urgency of PMC depositors: Sitharaman

Business | Oct 10, 2019, 02:24 PM IST

PMC is in bad health allegedly due to its exposure to the near-bankrupt realty player HDIL, to which it has loaned over 70 per cent of its Rs 9,000 crore in advances.

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