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.
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.
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.
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.
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 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.
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 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.
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.
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!
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.
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.
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 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).
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.
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: 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.
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.
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.
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.
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.
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.
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%.
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.
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.
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.
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.
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.
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.
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.
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 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: 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 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.
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.
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.