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Air India on Wednesday announced that various new flights would begin from next month on domestic as well as international routes in order to meet heavy demand of seats during the summer vacation. The national carrier said it will offer additional 3,500 seats per week on Mumbai-Dubai-Mumbai route from June 1.

07:18:31 on 22 May

Read more at Deccan Chronicle

The Finance Ministry may ask the Reserve Bank of India (RBI) to put strong regulatory framework around NBFCs accessing non-bank public deposits, like pension and provident fund, as these are savings of the salaried class and must be kept away from avoidable risks like infrastructure NBFCs.

06:49:11 on 22 May

Read more at The Quint
Gold flat; silver slides ₹150

Gold prices were ruling almost flat at ₹32,680 per 10 gram, while silver dropped ₹150 to ₹37,200 per kg in the national capital on May 22, according to the All India Sarafa Association. Traders said gold prices gained by ₹10 at the bullion market here despite a sluggish trend overseas.

04:50:31 on 22 May

Read more at The Hindu

A slew of stocks, which have tracked the political fate of Narendra Modi, fell while India voted but rebounded after exit polls predicted the prime minister would win his re-election bid. Companies controlled by billionaires Gautam Adani, as well as Mukesh Ambani’s Reliance Industries Ltd. and Anil Ambani’s Reliance Infrastructure Ltd. have gained.

02:01:21 on 22 May

Read more at New Indian Express

An antidepressant nasal-spray can be a safe and effective way to treat depression in patients who do not respond to existing treatments, a study has found. Being common and treatment-resistant, individuals with depression are often unable to relieve their symptoms despite trying anti-depressants. The esketamine nasal spray offers a new fast-acting treatment.

11:08:25 on 22 May

Read more at Hindustan Times

RBI's central board on Tuesday decided to create a specialised supervisory and regulatory cadre within the RBI to strengthen the supervision and regulation of commercial banks, urban cooperative banks and non-banking financial companies. A decision to this effect was taken at a meeting of the central board here under the chairmanship of RBI Governor Shaktikanta Das.

07:48:29 on 21 May

Read more at NDTV

Hinduja Group is evaluating the possibility of bidding for now defunct Jet Airways, following which, shares of the grounded carrier soared as high as 14% in afternoon trade. The company spoke about mulling over bidding for Jet Airways in response to Reuters request for comment on the ET report that said Hinduja group will initiate the bidding process this week.

06:31:07 on 21 May

Read more at The Quint

Domestic equity markets on Monday got a massive boost after exit poll results predicted a massive victory for NDA govt. While S&P BSE Sensex gained about 1,400 points, NSE Nifty was up by over 400 points. Not only did Monday's upward rally make investors significantly wealthier but also highlighted the sectors that could get a massive boost from another NDA term.

03:50:45 on 21 May

Read more at India Today

Tender coconuts will not be too tender on your pockets this summer. With the temperature touching 40-degree C and Agni Nakshatram at its peak, Chennaiites will have to shell out more for this summer drink. There has been a shortage in the availability of coconuts after Cyclone Gaja battered the coast of Tamil Nadu. Tender coconuts are being sold for more than Rs. 50.

03:28:35 on 21 May

South Korean auto major Hyundai on Tuesday forayed into high selling compact SUV segment in India with the launch of new model ‘Venue’, priced in the range of ₹6.5-11.1 lakh (ex-showroom Delhi). Venue comes with three engine options — 1 litre turbo and 1.2 litre petrol powertrains besides 1.4 litre diesel engine — and sits below the Creta in terms of price and positioning.

02:43:36 on 21 May

Read more at The Hindu

The benchmark BSE Sensex jumped over 200 points to hit a record intra-day high of 39,565.82 as investors’ euphoria over exit poll outcome continued in early session on Tuesday. The 30-share index was trading 205.24 points, or 0.52 per cent, higher at 39,557.91. In similar movement, the broader NSE Nifty rose 48.90 points, or 0.41 per cent, to 11,877.15.

10:39:25 on 21 May

Read more at Hindustan Times

The interesting, and unfortunate, thing regarding money disorders is that they are more common than we would like to believe — prevalent in everyone, from the extremely poor to very wealthy. For the uninitiated, having a money disorder is a psychological state, wherein our belief patterns and attitude towards money is fundamentally flawed.

09:55:02 on 20 May

Read more at Live Mint
Now the focus needs to be on the economy

More than fifty different exit polls in Australia were proved wrong in the surprise victory of the coalition. If only the exit polls in India are to be believed, this would be the first time since India’s independence that a party was given a second strong mandate by the voters. However it should be clear that the economy needs urgent attention and top priority.

08:26:04 on 20 May

Read more at Live Mint

Benchmark Sensex zoomed over 1,422 points and the NSE Nifty surged 421 points after most exit polls showed that the Narendra Modi-led NDA is returning to power with a thumping majority in the Lok Sabha elections. The 30-share index ended 1,421.90 points, or 3.75 per cent, higher at 39,352.67.

04:37:01 on 20 May

Read more at Hindustan Times

Just a day after the 2019 Lok Sabha polls came to an end, state-owned oil marketing companies on Monday have raised the retail price of petrol and diesel signalling that election induced price moderation for petroleum products has come to an end. Retail petrol and diesel prices have consistently moved downwards in May even though global oil prices have remained firm.

03:03:03 on 20 May

Read more at India Today

Domestic financial markets cheered exit poll results showed that ruling NDA is likely to will the general Lok Sabha elections on Monday, with the benchmark BSE Sensex skyrocketing over 900 points, and the rupee appreciating 79 paise against the US dollar. After soaring over 962 in early session, the 30-share index pared some gains and was trading 687.63 points.

10:35:36 on 20 May

Read more at The Hindu

India’s stock markets are expected to cheer the results of exit poll results that predict the National Democratic Alliance (NDA) government will return with a clear majority of more than 300 seats. Markets love continuity and NDA losing the Lok Sabha elections would have meant uncertainty over continuity in policies.

08:40:02 on 20 May

Read more at Livemint

Regulator Sebi and stock exchanges have beefed up their surveillance mechanism to check any manipulative activities in the market this week in view of the high-octane election related events lined up. The heightened surveillance and monitoring systems are already in place for Monday, the first trading session after the announcement of exit poll results.

07:00:39 on 19 May

Cash-strapped Reliance Capital said it expects to raise ₹10,000 crore by selling assets and cut down its debt by about 50% in the current fiscal. The company has been working diligently to ensure timely debt repayments and is regular in all its debt payments. The company is at an advanced stage of monetisation of several of its non-core investments.

04:57:01 on 19 May

Read more at Livemint

IOC, the nation's biggest oil firm, has tied up imports from the US and taken additional volumes from Saudi Arabia to make up for the bulk of the volumes lost because of sanctions prohibiting buying oil from Iran. Iran supplied more than a tenth of India's oil needs before the reimposition of US sanctions against the Persian Gulf nation stopped supplies this month.

07:57:01 on 17 May

Read more at News 18
Sensex soars; Nifty reclaims 11,400-mark

The BSE Sensex soared 537 points and the NSE Nifty reclaimed the 11,400 level on Friday in a broad-based rally led by banking and auto stocks ahead of exit poll results, despite global headwinds. The 30-share BSE benchmark closed 537.29 points, or 1.44%, higher at 37,930.77. It hit an intra-day high of 38,001.13 and a low of 37,415.36.

05:46:42 on 17 May

Read more at The Hindu

With the final phase of elections scheduled for 19 May, the biggest festival of democracy will be over. While this election has been bitterly fought with tempers rising, the real issues of economy which should have attracted attention were somewhat muted despite the oppositions attempt to raise the crisis in agriculture and the long-standing issue of unemployment.

09:55:01 on 16 May

Read more at Live Mint

The rupee surged by 31 paise to close at 70.03 against the US dollar on Thursday amid a sharp rebound in the domestic equity markets, even as oil prices firmed up. At the interbank foreign exchange market, the rupee opened at 70.26 per dollar and advanced to a high of 69.99 during the day. It finally settled at 70.03, up 31 paise against its previous close of 70.34.

07:55:02 on 16 May

Read more at NDTV

Gold prices on Thursday rose by Rs. 70 to Rs. 33,330 per 10 grams news agency Press Trust of India reported quoting the All India Sarafa Association. The increase came on the back of fresh buying from jewellers. Tracking gold, silver also gained by Rs. 50 to Rs. 38,250 per kg on more offtake by industrial units and coin makers.

05:29:55 on 16 May

Read more at NDTV

InterGlobe Aviation shares fell as much as 9.48 per cent to hit intraday low of Rs. 1,456 after reports of differences between its promoters surfaced. Rahul Bhatia and Rakesh Gangwal have appointed separate law firms to settle a dispute between the two pertaining to management control and appointment of key executives at the Gurugram-based budget airline operator Indigo.

04:05:01 on 16 May

Read more at NDTV

Finding an ATM in India is getting tougher even as dependence on cash persists, thanks to tighter regulations that make it more costly to run the machines. The number of automated teller machines in the country shrank in the past two years despite an increase in transactions, Reserve Bank of India figures showed Saturday.

10:57:02 on 15 May

Food price revival

The latest numbers on wholesale prices released by India’s commerce ministry on Tuesday show that food price inflation quickened to 7.4% in April, the highest in 33 months, driven by rising prices of vegetables (41%), pulses, wheat, and meat products. Is this something to worry about? Not really, if one looks at how food prices have moved in recent years.

10:25:01 on 15 May

Read more at Live Mint

Bitcoin’s weathered hacks, heists, booms and busts to reign as the king of cryptocurrencies through its first decade. But now there’s a fresh challenge to its dominance of the fledgling market: some 2,000 smaller digital coins. Collectively, “altcoins” are gaining ground on their bigger cousin.

05:35:20 on 15 May

Read more at Deccan Chronicle

India's slowing economy will need a boost soon after the current election but budget stresses mean the Centre probably has to rely on the RBI to provide it through more interest rate cuts. The govt lacks the ability to hike already-planned spending to spur growth, they said, as revenue in the year ending March 2020 is likely to be below target while borrowing will rise.

04:34:32 on 15 May

Read more at NDTV

The recent fraud at Paytm Mall, the e-commerce marketplace arm of Paytm, involved hundreds of sellers and tens of employees, said Paytm founder Vijay Shekhar Sharma. The fraud, which involved fake transactions between merchants and employees to make undue gains from cashback offers, is estimated to be to the tune of ₹10 crore, Sharma said.

01:45:36 on 15 May

Read more at Livemint

Jet Airways shares fell nearly 7 per cent on Wednesday, a day after its chief executive officer Vinay Dube resigned. Jet Airways' share price opened lower at Rs. 121.10 apiece on the National Stock Exchange (NSE), and declined to Rs. 120.00 apiece at the day's weakest point, compared to the previous close of Rs. 128.90.

12:56:50 on 15 May

Read more at NDTV

In September and October 2018, the Modi govt awarded 126 contracts to firms to set up and operate piped natural gas networks and fuel stations across India. The largest winner of the bids was Gujarat-based Adani Group. In a bidding process that saw 23 participants for 126 tenders, the group won 25 bids – 15 on its own and 10 in a joint venture with Indian Oil Corporation.

12:49:51 on 15 May

Read more at Scroll

As 23 May – the date of counting approaches – the investors have just one question on their mind. What will be the impact of 2019 Lok Sabha polls on the stock market? Market expert Sharmila Joshi believes that both international factors as well the results of Indian General Elections will have a major effect on the stock markets.

11:59:02 on 15 May

Read more at The Quint

Carbonated soft drinks like Pepsi and Coca Cola will be banned in the state from August 15, T Vellaiyan, the president of Vanigar Sangangalin Peravai. He told reporters the advertisement of the foreign products would be removed Independence Day onwards. The Centre allowing the sales of foreign brands in the state has affected the sales of indigenous products.

07:27:02 on 15 May

Read more at New Indian Express

It seems every major carmaker these days is thinking about electric vehicles in some capacity. At one of the world’s largest auto shows in Shanghai this year, several manufacturers boasted their snazzy concept cars and talked up imminent launches. Before getting carried away with images of electric cars, there’s a stark reality to consider.

09:55:02 on 14 May

Read more at The Print

Jet Airways said on Tuesday that its chief executive officer Vinay Dube resigned with immediate effect. In a regulatory filing after market hours, Jet Airways said Mr Dube resigned “due to personal reasons”. The announcement of his resignation came within hours of Jet Airways stating that its deputy CEO and chief financial officer Amit Agarwal had resigned.

05:18:05 on 14 May

Read more at NDTV

Jet Airways shares plunged more than 13 per cent on Tuesday, after the now-grounded airline said its deputy CEO and chief financial officer Amit Agarwal had resigned. On NSE, Jet Airways share price declined 13.01 per cent to Rs. 121.00 apiece at the day's lowest point. On BSE, Jet Airways shares fell 12.44 per cent to an intraday low of Rs. 122.10.

05:14:36 on 14 May

Read more at NDTV

Wholesale Price-based Inflation slipped to 3.07 per cent in April on cheaper fuel and manufactured items, even as prices of food articles remained high, according to an official data released Tuesday. The Wholesale Price Index (WPI)-based inflation was at 3.18 per cent in March. It was 3.62 per cent in April 2018.

03:34:30 on 14 May

Read more at Hindustan Times

Domestic stock markets recovered from early losses in late afternoon on Tuesday, on hopes of monetary policy easing by the central bank in the coming months. The S&P BSE Sensex rose as much as 463.27 points from the intraday low, and the NSE Nifty advanced to 11,245.80, up 97.6 points from the previous close.

02:31:36 on 14 May

Read more at NDTV
Jet Airways CFO Amit Agarwal Resigns

Jet Airways said on Tuesday that its deputy chief executive and chief financial officer Amit Agarwal has resigned. The airline said that Mr Agarwal stepped down due to personal reasons. His resignation took effect on May 13, it said in a regulatory filing. Jet Airways did not mention a replacement for Mr Agarwal. He had joined Jet Airways in 2015 as its CFO.

10:23:24 on 14 May

Read more at NDTV

Continuing their losing spell for a ninth session in a row on Monday, the BSE Sensex crashed over 372 points and the NSE Nifty dived nearly 130 points on sustained sell-off across the board. For Sensex, this is the longest losing streak since February, while Nifty is on its worst run since 2011.

08:55:02 on 13 May

Read more at News 18

The rupee Monday fell sharply by 59 paise to close at nearly two-and-a-half-month-low of 70.51 against the US currency due to persistent foreign fund outflows and renewed worries over rising crude oil prices. An unabated sell-off in domestic equity markets also weighed on the domestic currency, forex dealers said.

06:54:02 on 13 May

Read more at Indian Express

Retail inflation rose marginally to 2.92 per cent in April, mainly due to spike in food prices. The inflation based on Consumer Price Index (CPI) 2.86 per cent in the previous month and 4.58 per cent in April 2018, said the data released by the Central Statistics Office (CSO).

06:40:38 on 13 May

Gold prices on Monday rallied by Rs. 65 to Rs. 33,018 per 10 grams reported news agency Press Trust of India quoting the All India Sarafa Association. The rise came on the back of fresh buying by jewellers. Despite a weak global trend, gold prices saw an upward movement due to rise in demand from local jewellers as well as retailers, said the report citing traders.

05:53:46 on 13 May

Read more at NDTV

India's crude import bill will grow fatter despite numerous measures by successive governments to reduce its dependence on crude. A Moody's report on Monday said that "India's oil and gas consumption will support its investments in refining capacity and upstream production, but crude imports will keep growing amid stagnant production".

05:29:23 on 13 May

Read more at NDTV
Sanjiv Puri becomes CMD of ITC

ITC Managing Director Sanjiv Puri has been appointed as the chairman by the Board of Directors. His new designation will now be chairman and managing director, the company said in a stock exchange filing. Company chairman Yogesh Chander Deveshwar passed away on May 11. Mr. Puri (56) has been the Managing Director since 2018.

04:56:23 on 13 May

Read more at The Hindu

Falling interest rates are the order of the day as RBI appears to be on a rate-easing cycle in order to spur economic growth and increase credit offtake. But don’t lose heart. Small savings schemes — the risk-free, government-backed schemes — are currently offering better rates than bank deposits of about 8% unlike banks that are paying a little over 6% interest.

03:07:57 on 13 May

The 2020s are set to be the Asian decade, with the continent dominating an exclusive list of economies expected to sustain growth rates of around 7%. India, Bangladesh, Vietnam and Philippines should all meet that benchmark. Ethiopia and Côte d’Ivoire are also likely to reach the 7% growth pace, which typically means a doubling of gross domestic product every 10 years.

04:57:01 on 13 May

Read more at Livemint
Mr McAloo Tikki burger bows out

Vikram Bakshi, once the chief of McDonald’s franchisee, has finally called it quits. CPRL was a half-half joint venture between him and the American burger chain. The two partners had been locked in a bitter dispute that had stalled McDonald’s expansion for about half a decade. Under the deal, Bakshi sells his stake to the US company and walks away.

10:57:02 on 12 May

Read more at Live Mint

Diesel might lose its share in fuelling the passenger car segment in the near future but the key transportation fuel will continue to dominate the multi-utility. Industry watchers opined steep price differential between petrol and diesel vehicles post BS-VI transition which will be more evident in small cars and compact UV segment.

08:57:01 on 12 May

Read more at NDTV

As IPL fever enters its last leg, online food delivery platform Swiggy said food orders shot up 30% during match timings compared to non-cricket days. Smaller cities such as Vapi, Pilani, Kanyakumari, Rewa, Nizamabad and Kadapa emerged victorious, as they saw over 117-fold increase in orders since the beginning of the IPL, the food delivery platform said in a statement.

04:57:01 on 12 May

Read more at Livemint
Five Years of the Silence of the Lambs

Narendra Modi will soon conclude his term as the prime minister of this country without having held a single press conference. So what, some may ask. It is, in fact, a huge deal. It signifies that a man and a party, which had the support of roughly a third of the electorate, could rule over the entire country without any degree of accountability.

08:57:01 on 11 May

Read more at The Wire

Reliance Retail’s arm Reliance Brands, which operates several marquee brands across the country, announced purchase of 100 per cent stake in UK-based toymaker Hamleys, adding to the list of Reliance’s portfolio ahead of the company’s e-commerce foray. It is pertinent to note that Reliance already operated 85 Hamleys stores in India under a licensing agreement.

08:25:02 on 10 May

Read more at Indian Express

One of the co-founders of Facebook called on Thursday for the social media behemoth to be broken up, warning that the company's head, Mark Zuckerberg, had become far too powerful. "It's time to break up Facebook," said Chris Hughes, who along with Zuckerberg founded the online network in their dorm room while both were students at Harvard University in 2004.

05:55:02 on 10 May

Read more at Outlook India

In an attempt to provide respite to passengers reeling under peaking prices after Jet Airways’ shutdown, national carrier, Air India has decided to provide discounts in excess of 40% for tickets booked upto three hours prior to departure. The move is expected to particularly benefit those who travel due to an emergency and are often faced with very high ticket prices.

04:43:44 on 10 May

Read more at News 18

State Bank of India (SBI) said on Friday it has received two unsolicited bids for ailing Jet Airways, nearly a month after the airline was forced to ground all operations due to funding troubles. Jet, once the country's largest private airline, stopped all flights on April 17 after its lenders, led by SBI, declined to extend more funds to keep the carrier going.

03:48:06 on 10 May

Read more at NDTV

SBI or State Bank of India has reduced its MCLR by 5 basis points across all tenors, said the state-run lender in a statement on Friday. One basis point is equivalent to 0.01 per cent or 1/100th of a per cent. After the revision, SBI's 1 year MCLR (marginal cost of funds based lending rate) has come down from 8.50 per cent p.a. to 8.45 per cent p.a.

03:05:51 on 10 May

Read more at NDTV

With the eighth position, the Rajiv Gandhi International Airport in Hyderabad has been ranked among the top ten best airports in the world in a survey by AirHelp. The Hamad International Airport in Qatar has topped the list followed by Japan's Tokyo and Greece's Athens International airports. On the other hand, London’s Gatwick has been named among the worst airport.

11:27:46 on 10 May

Read more at News18

Reliance Industries has acquired British toy retailer Hamleys, the energy-to-telecoms conglomerate said. Reliance Industries has been gradually transforming itself into a consumer-facing behemoth through its retail and telecoms ventures. The acquisition marks the first foray of billionaire Mukesh Ambani-owned Reliance Industries in an overseas retail brand.

06:57:01 on 10 May

Read more at NDTV

Extending its upward movement for the second straight day, gold prices on May 9 rose by ₹40 to ₹32,890 per 10 gram at the bullion market here due to increased buying from jewellers amid a firm trend overseas, according to the All India Sarafa Association. Silver, however, stood steady at Wednesday’s level of ₹38,220 per kg.

06:36:33 on 09 May

Read more at The Hindu

The S&P BSE Sensex and NSE Nifty 50 Indexes fell for seventh day in a row to lowest level in two months tracking sharp losses in Asian peers, where equities slumped as investors waited to see whether Chinese and US trade negotiators can salvage a deal to stave off the threat of fresh US tariff increases, which would damage global economic growth.

04:16:13 on 09 May

Read more at NDTV

Doubts over the veracity of the new series of GDP launched in 2015 have resurfaced after a new National Sample Survey Office report showed that around 36% of companies in the MCA-21 database, used for GDP calculation, could not be traced or surveyed. “Out of the 36% out-of-survey units in MCA, 21% were found to be out of coverage and another 12% were non-traceable.

10:31:07 on 09 May

Read more at The Quint

Choosing between billionaires who like to live their lives frugally and those that believe in blowing up their money is like expressing an opinion on a date based on whether she likes her eggs scrambled or poached. Ultimately the date doesn’t care. And more pertinently, it is her egg.

10:25:01 on 08 May

Read more at Live Mint

The next flash point in India’s credit markets could be real-estate debt. That’s the view of ICICI Prudential Life Insurance Co., a major corporate bond buyer and one of India’s top life insurers. The firm avoided investing in debt of stressed companies before credit market strains spread last year.

07:32:56 on 08 May

Read more at Hindustan Times

Jet Airways' ex-Chairman Naresh Goyal has penned another emotional letter to employees, reigniting hopes of reviving the now defunct airline. Goyal has claimed to have made all possible sacrifices to keep the airline afloat. The former Chairman said he hopes the bank-led resolution plan will succeed and that a successful bidder will emerge by May 10.

07:11:13 on 07 May

Read more at Business Standard

India's rules on localisation of data and price caps on medical devices imported from the United States are barriers to trade but New Delhi is committed to addressing them after the country's elections, US Commerce Secretary Wilbur Ross said today. Speaking at a business conference in New Delhi, Mr Ross said there are still overly restrictive market barriers in India.

06:02:01 on 07 May

Read more at NDTV

Naresh Goyal, founder of the now-grounded airline Jet Airways, wrote to his colleagues that the 26th anniversary of the carrier was "the saddest of all days". Describing the cash-starved airline's last flight in the early hours of April 18 this year as a "sad coincidence", Mr Goyal said the carrier had received its first aircraft in Mumbai on April 18, 1993.

04:54:40 on 07 May

Read more at NDTV

Public sector Air India's New York office transferred $300,000 to a bank account in Nigeria instead of remitting the sum to a US-based firm Pratt & Whitney for supplying spare parts. The incident is learnt to have taken place in June, 2017 but the airline has failed to get the amount retrieved from the Nigerian bank account.

03:05:45 on 07 May

Read more at News 18

The festival of Akshaya Tritiya falls on 7th May. There’s a tradition of buying gold on this festival in India on this particular day. If you are planning to buy gold, here is an expert guide for you to understand more about gold investment. Angel Broking Commodity Expert Anuj Gupta explains how you can make maximum profits off of gold this Akshaya Tritiya.

02:51:30 on 07 May

Read more at The Quint

GST regime in India is not likely to reduce the deficits of state governments significantly, amid large and growing expenditure mandates for the social sector as well as capital spending, says a report. According to S&P Global Ratings the institutional framework for Indian states is evolving, but there is structural deficits due to persistent revenue expenditure mismatch.

02:27:19 on 07 May

Read more at Deccan Chronicle

In a war for the control of India's billion-plus mobile-services market, tycoon Sunil Mittal seems to be floundering in the face of a juggernaut unleashed by Mukesh Ambani. For at least a fourth quarter in a row, Mr Mittal's Bharti Airtel Ltd. shored up its profits with one-time gains, masking headwinds posed by upstart Reliance Jio Infocomm Ltd.

01:02:49 on 07 May

Read more at NDTV