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With Future Retail signed up as its master franchise, the 7-Eleven convenience store chain will open its iconic shops in many Indian cities this year. Unlike in almost all the 18 other countries where it is “always close, but never closed", it won’t be able to operate round the clock in India. As Kishore Biyani says, “We will be open 24 hours wherever we can."

04:57:01 on 18 Mar

Read more at Livemint

Shares of Facebook Inc fell as much as 5% on Friday to their lowest in nearly three months after the surprise departure of Chief Product Officer Chris Cox, at a time when the company is again being scrutinized over its handling of privacy. The live-streaming of New Zealand's shooting will certainly bring on more questions of regulation and scrutiny over Facebook.

07:27:01 on 16 Mar

Read more at Livemint
May truth prevail

The release of yet another report on jobs growth has been held back, raising fresh concerns over data being fudged under a spin-happy political regime. Reportedly, the Labour Bureau’s survey on the number of jobs created under the Mudra loan scheme won’t be made public until the national elections are over. The main reason cited is anomalies found in the methodology used.

06:15:50 on 15 Mar

Read more at Live Mint

Extending its winning run to the fifth session, BSE benchmark Sensex climbed 269 points to hit a six-month high of 38,024 led by a rally in banking stocks amid soaring foreign fund inflows, strengthening rupee and positive global cues. After rallying nearly 500 points in afternoon trade, the Sensex settled 269.43 points or 0.71 per cent, higher at 38,024.32.

05:39:26 on 15 Mar

Read more at News 18

Petrol prices were increased by 7-8 paise per litre while diesel rates were slashed by 10-11 paise per litre across Delhi, Mumbai, Kolkata and Chennai on Friday, according to state-run Indian Oil Corporation's official website - iocl.com. Currently, the domestic prices of petrol and diesel vary from state to state and are reviewed by oil marketing companies.

12:55:00 on 15 Mar

Read more at NDTV

The BSE benchmark Sensex rose over 150 points Thursday led by gains in financial stocks amid unabated foreign fund inflow and positive domestic cues. The 30-share index was trading 141.80 points, or 0.38 %, higher at 37,893.97, while the 50-share NSE Nifty climbed 33.75 points, or 0.30 %, to 11,375.45.

04:25:10 on 14 Mar

Read more at Hindustan Times

Paytm Payments Bank has launched its own separate mobile application for its banking services. Paytm Payments Bank, in a note said that the app will enable customers to check balance, request for debit cards, access their digital debit cards and get 24/7 support from the bank.

04:12:15 on 14 Mar

Read more at The Quint

Air passengers face the grim prospects of high air fares and fewer flight choices as several airlines cancel operations due to a number of reasons including the grounding of 737-MAX aircraft. According to industry insiders, some sectors have shown a rise of more than 100 per cent in last minute bookings.

02:58:49 on 14 Mar

Read more at NDTV

Boeing Co.’s $600 billion-plus order book for its 737 Max began shaking after several big customers threatened to reconsider their purchases in the wake of the Ethiopian Airlines crash, the second deadly accident involving the plane since October. VietJet Aviation JSC said it will decide on its future plans once the cause of the tragedy has been found.

01:15:38 on 14 Mar

Read more at Hindustan Times

Japanese electronics and entertainment giant Sony Corp. is in advanced talks to buy a stake in Subhash Chandra-controlled Zee Entertainment Enterprises Ltd (ZEEL) and form a strategic partnership, three people aware of the discussions said. Chandra is looking to sell 20-25% stake in the BSE-listed company that is struggling to raise funds and pay off debt.

04:57:02 on 14 Mar

Read more at Livemint

Wipro Chairman Azim Premji has earmarked 34% of Wipro Ltd shares worth ₹52,750 crore ($7.5 billion) for his philanthropic activities, a statement said on Wednesday. With his new commitment, Mr. Premji’s total contribution to the philanthropic endowment corpus is ₹145,000 crore ($21 billion), which includes 67% of economic ownership of Wipro Ltd, it said.

07:08:41 on 13 Mar

Read more at The Hindu

Policymakers have got three reasons to vote for monetary accommodation as India goes to polls next month. The latest macroeconomic data shows that industrial output continues to lag, outlook on capital spending is far from optimistic, and retail inflation remains low. In short, the Indian economy is still hankering for more fiscal and monetary help.

08:40:01 on 13 Mar

Read more at Livemint
The 737 scare

India’s aviation industry may face fresh turbulence as safety concerns grow over Boeing’s 737 Max 8 aircraft. Chinese authorities have grounded these aircraft after an Ethiopian Airlines plane crashed on Sunday, killing 157 people. Coming as the second crash involving this kind of aircraft in less than five months, questions over its safety are bound to be raised.

10:57:02 on 12 Mar

Read more at Live Mint

Consumer prices rose at a faster pace than anticipated in February, and remained below the RBI's target for a seventh straight month, lending weight to expectations that the bank could again cut the key interest rate in April. Annual retail inflation picked up in February to 2.57 per cent, after easing to a downwardly revised 19-month low of 1.97 per cent in January.

07:45:32 on 12 Mar

Read more at NDTV

Paytm Mall, the online shopping platform could be looking to trim down its business, and eyeing other avenues to compete in. This has been reported by Hindu Business Line on Monday, which also claims that a change in its business model is the reason for its quicker than expected downfall.

06:36:22 on 12 Mar

Read more at The Quint

Gold prices fell by Rs. 100 to Rs. 33,150 per 10 grams at the bullion market on Tuesday reported news agency PTI quoting the All India Sarafa Association. The fall came on subdued demand from local jewellers and diversion of funds to rising equity market despite positive trend overseas. Silver, however, gained Rs. 50 to Rs. 39,580 per kg.

04:40:37 on 12 Mar

Read more at NDTV

Gold prices gained Rs. 80 to Rs. 33,250 per 10 grams at the bullion market on Monday reported news agency PTI quoting the All India Sarafa Association. Gold gained due to fresh buying by local jewellers, even as the metal lost steam overseas, said the report. Silver, however, fell by Rs. 370 to Rs. 39,530 per kg due to low offtake from industrial units and coin makers.

05:06:31 on 11 Mar

Read more at NDTV

On November 8, 2016, the day Prime Minister Narendra Modi announced demonetisation, banning high-currency notes, to hit at black money, a few directors at the Reserve Bank of India (RBI) differed with the government, according to a TOI report. There is little in the public domain to throw light on what the RBI thought about demonetisation.


03:40:27 on 11 Mar

Read more at Economic Times
Sensex soars 233 points in early trade

Equity benchmark Sensex surged over 233 points 36,904 in early trade on Monday, which is seen by experts as a pre-poll rally following the announcement of 2019 general election dates. Similarly, the NSE gauge Nifty rose over 75 points to scale past 11,110 level. The BSE Sensex started off on positive note at 36,741.57 and furthered its gains to trade at 36,904.81.

10:36:25 on 11 Mar

Read more at The Hindu

Jet Airways (India) Ltd has secured fresh credit facilities of ₹2,050 crore from state-run Punjab National Bank (PNB) that could provide a temporary lifeline to the cash-strapped airline. The Mumbai-based airline has raised foreign currency term loans worth ₹1,100 crore and a non-fund based credit facility of ₹950 crore from PNB, according to reports.

08:40:02 on 11 Mar

Read more at Livemint

With oil prices on the boil just as general elections are announced, Oil Minister Dharmendra Pradhan has asked world's largest oil exporter Saudi Arabia to play an active role in keeping rates at a reasonable level. Fuel prices have risen by over Rs 2 per litre in last one month as international rates have risen on hopes of the United States and China ending a trade war.

07:34:43 on 10 Mar

Read more at India Today

The RBI in reply to an RTI query said it has no data on the old 500 and 1,000 rupee notes used to pay for utility bills such as fuel at petrol pumps, which are believed to have formed a good part of the demonetised currency that returned to the banking system. As much as 99.3% of the ₹500 and ₹1,000 notes have returned to the banking system, the RBI had stated in August.

01:24:52 on 10 Mar

Read more at The Hindu

The Reserve Bank on Friday said it has imposed penalties worth Rs. 71 crore on 36 public, private and foreign banks for non-compliance with various directions on time-bound implementation and strengthening of SWIFT operations. SWIFT is a global messaging software used for transactions by financial entities.

01:01:38 on 09 Mar

Read more at NDTV

Snapping its downward trend, gold prices witnessed a rise of Rs. 200 to Rs. 33,270 per 10 grams at the bullion market on Friday in the national capital. Fresh buying from jewellers amid firm trend overseas led to the strengthening of the yellow metal. In the previous six sessions, gold rates had declined by a total of Rs. 1,130.

05:42:26 on 08 Mar

Read more at NDTV

A 2018 study by the Warwick Business School (WBS) showed that globally, women investors earn returns that are 1.8 per cent higher as compared those of men. They also tend to have a more long-term investment approach with an eye on wealth creation. It’s time for millennial Indian women to become investors. You too can achieve these milestones if you walk these five steps -

03:27:29 on 08 Mar

Read more at Business World

India wants to keep buying Iranian oil at its current level of about 300,000 barrels per day (bpd), as it negotiates with Washington about extending a waiver of US sanctions past early May, two sources in India with knowledge of the matter said. The talks come just as trade tensions rise between Washington and New Delhi.

03:23:35 on 08 Mar

Read more at Livemint

The rupee opened 18 paise lower at 70.18 against $ on Friday on increased demand for the greenback from importers and banks amid lower opening of domestic equities. Forex dealers said, strengthening of the American currency in the overseas market weighed on the domestic currency. However, fresh foreign fund inflows, easing crude prices supported the rupee.

10:44:56 on 08 Mar

Read more at The Hindu

The rupee darted up 28 paise to close at 70 against the dollar on Thursday amid robust foreign inflows and strong buying in domestic equities. Forex traders said optimism regarding a trade deal between the US and China and weakening of the greenback versus other currencies overseas also supported the rupee. However, rising crude prices capped the gains.

06:53:48 on 07 Mar

Read more at NDTV

India wants to keep buying Iranian oil at its current level of about 300,000 barrels per day (bpd), as it negotiates with Washington about extending a sanctions waiver past early May, two sources with knowledge of the matter said. India has reduced its purchases of Iranian oil but has been in talks on extending its sanctions waiver, a senior official said in January.

03:01:10 on 07 Mar

Read more at NDTV

StartUp Bahrain Week is a Community-led festival expected to bring together around 2,500 people, including entrepreneurs, company founders and venture capital investors from the Gulf and beyond. 37 delegates from across India, representing diverse sectors such as AI, e-commerce, cyber-security and FinTech, will attend.

12:14:23 on 07 Mar

Read more at Deccan Chronicle
Sensex, Nifty extend rally to fourth day

Indian bourses continued their rising spree to the fourth session on Thursday, with both benchmarks Sensex and Nifty opening higher amid strengthening of country’s macroeconomic outlook following rising rupee and falling crude prices. The 30-share BSE Sensex was trading higher by 63.75 points, or 0.17%, at 36,699.85.

11:41:02 on 07 Mar

Read more at The Hindu

India's Finance Ministry on Wednesday announced a new coin for Rs. 20 which will be shaped like a 27 mm "dodecagon" - a 12-sided polygon. The Finance Ministry issued a notification announcing the new 20-rupee coin. Unlike the circular 10-rupee coin, which is also 27 mm in diameter and has 100 serrations on its edge, the 20-rupee coin will not have any marks on its edge.

06:57:02 on 07 Mar

Read more at NDTV

Employees who either shift jobs or move to new locations may soon be able to transfer their provident fund corpus with little interference from their employers. The Employees’ Provident Fund Organisation (EPFO) is working on a so-called “anywhere service" plan to upgrade service delivery to its 60 million active subscribers.

04:57:01 on 07 Mar

Read more at Livemint

Multiple issues have reduced the effectiveness of GST and eroded the constitutional rights of states. Despite the sharp reduction in the incidence of tax burden under the GST regime, there was no reduction in the Maximum Retail Prices but for a few commodities. The reduction of tax only resulted in windfall gains for corporates and traders at the expense of the consumers.

09:25:02 on 06 Mar

Read more at Huffingtonpost

The phenomenal growth of Reliance Jio, backed by its ultra-cheap data plans that has transformed the telecom scenario in India, has helped Reliance Industries Chairman Mukesh Ambani move six places up to 13th rank in US magazine Forbes' "World's Billionaire list 2019". Mukesh Ambani is now worth $50 billion -- up from $40.1 billion in 2018.

08:42:01 on 06 Mar

Read more at NDTV

Gold prices edged lower by Rs. 20 to Rs. 33,430 per 10 grams on Wednesday, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. That marked the fifth straight session of losses. Gold prices fell due to weak demand from local jewellers, traders were quoted as saying in the PTI report.

05:08:15 on 06 Mar

Read more at NDTV
All about Loan against PPF

PPF is one of the better and safer investment avenues, considering it enjoys an EEE status along with offering attractive returns. EEE, in other words, means that the deposits made, interest earned and maturity amount, are all exempted from tax. However, PPF entails a 15-year lock-in period, prior to which, complete withdrawal of money isn’t a possibility.

01:16:19 on 06 Mar

Read more at News18

Workers in the world’s fastest-growing economy are set to get the biggest salary hike in three years on expectations that economic growth in India will accelerate. Average salaries in India are projected to rise by 9.7% in 2019 from 9.5% in the previous year, according to human resource consulting firm Aon’s annual salary growth survey.

05:27:01 on 06 Mar

Read more at Livemint

Indian equities benchmark Sensex Tuesday surged by nearly 379 points to close at 36,442 on intense buying mainly in auto, financial and energy stocks amid easing geo-political tensions and positive macroeconomic outlook. The NSE Nifty too rose nearly 124 points to close a tad below the psychological 11,000-level.

08:42:01 on 05 Mar

Read more at India Today
Cement makers hike prices by ₹25 per bag

After a protracted stall, cement retail prices soared in February, with the hike at the pan-India level estimated at ₹24-25 per bag (50 kg) in the last week of the month compared with the corresponding week of January. The southern region saw the steepest hikes, at ₹52 per bag in Bengaluru, ₹62 per bag in Chennai, and ₹77 per bag in Hyderabad.

06:06:28 on 05 Mar

Read more at The Hindu

The government has promised to lower corporate tax rate to 25 per cent for all companies once GST mop-up improves, Ficci President Sandip Somany said Tuesday. Speaking to reporters after meeting Finance Minister Arun Jaitley, Somany said the discussions revolved around a wide range of issues, including taxation, job creation and boosting industrial output.

04:26:27 on 05 Mar

Read more at The Quint

Individuals are required to link their PAN or Permanent Account Number with Aadhaar (Unique Identity Number) by the end of the month. According to the Income Tax Department, income tax assessees need to link the two identification numbers - the 10-digit PAN and 12-digit Aadhaar - by March 31, 2019. This will be essential for filing an income tax return (ITR).

03:12:37 on 05 Mar

Read more at NDTV

IndiGo is offering flight tickets priced from Rs. 899 in a limited-period sale. The carrier is offering domestic and international flight tickets at a starting all-inclusive price of Rs. 899 and Rs. 3,399 respectively in a special "Holi sale", it said in a statement. Bookings under the sale - valid for travel between Mar 19, 2019 and Sept 28, 2019, IndiGo said.

11:59:57 on 05 Mar

Read more at NDTV

Activity in country's huge service sector accelerated in February, partly due to an increase in domestic new business which induced firms to maintain a solid hiring pace, a private survey showed. This will provide some relief to policymakers and bolster hopes for a recovery in economic growth this quarter after Asia's third-largest economy lost momentum in 2018.

11:10:27 on 05 Mar

Read more at NDTV

The rupee appreciated by 11 paise to 70.81 against the US dollar in opening trade on Tuesday, driven by weakening of the greenback in overseas markets and fresh foreign inflows. The rupee opened weak at 70.95 at the interbank forex market then gained further ground and touched 70.81 amid a weak opening in domestic equities.

10:18:18 on 05 Mar

Read more at Deccan Chronicle

There are but two ways of paying debt: increase of industry in raising income, increase of thrift in laying out," said Thomas Carlyle, a Scottish writer and philosopher. Indian telecom firms have tried all they could—raising revenues, cutting costs—but all of that has amounted to a few drops in the ocean when compared to their monumental debt.

09:40:01 on 04 Mar

Read more at Live Mint

Regular commercial flights are expected to become operational soon from Sindhudurg Airport, making it the first in the coastal Konkan region to be on the country's air map, while a memorandum of understanding would be signed for the Ratnagiri Airport, officials said here on Monday.

07:04:14 on 04 Mar

Read more at The Quint

A new rule on businesses adjusting their final GST liability against credit for taxes already paid on raw materials and services is pushing up their tax payments made in cash, experts say. The amendments to central and state GST laws made in 2018 and brought into effect from February 2019 have the unintended consequence of certain tax credits getting piled up.

07:42:01 on 04 Mar

Read more at The Quint

So maybe the blood of the young isn’t the fountain of youth after all. The Food and Drug Administration warned last week that the growing business of selling plasma injections to fight the effects of ageing “has no proven clinical benefit.” The business of selling youth to the ageing is as old as history and is likely never to stop.

02:25:01 on 04 Mar

Read more at The Print

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