Business

Oil prices hit a 10-month high of nearly USD 90 per barrel as Saudi Arabia and Russia extended their voluntary production and export cuts until the end of the year

Currently cashless claim process is tiresome and insurers deduct 10 per cent or more from the total billing in the name of consumables and other heads.

On Monday, SpiceJet announced the allotment of 4.81 crore equity shares on a preferential basis to nine of its aircraft lessors to clear outstanding dues of Rs 231 crore

Forex traders said the Indian rupee depreciated on Wednesday as the US dollar rose to the highest levels in six months.

Rishi Agrawal, CEO and Co-Founder, Teamlease RegTech said the change is great news for investors. In the T+1 settlement cycle, liquidity becomes available in a couple of days.

Gold prices on Wednesday fell by Rs 15 to Rs 59,228 per 10 grams in futures trade as speculators reduced their positions.

Silver futures on Wednesday dropped Rs 165 to Rs 73,280 per kilogram as participants reduced their bets.

The BSE Sensex declined 45.66 points to 65,734.60 in early trade. The Nifty slipped 12.75 points to 19,562.15.

Forex traders said the rupee is trading lower on strong dollar and sustained foreign fund outflows over the past few days.

The tribunal's suggestion came against the backdrop of the crisis-hit carrier issuing shares in lieu of dues to nine aircraft lessors

There are about 12 lakh verified ITRs in which further information has been sought by the income tax department, for which requisite communication has been sent to the taxpayers through their registered e-filing accounts.

BBPS (Bharat Bill Payment System) cross-border bill payment will highlight the adaptability of the BBPS platform to integrate with fintechs and conventional financial players to facilitate domestic as well as cross-border payment transactions.

Last week, RBI Governor Shaktikanta Das also said that the central bank expects inflation to moderate from September onwards

The Reserve Bank has been mandated to maintain price stability, keeping in mind the objective of growth. Price stability has been numerically defined as maintaining a headline CPI inflation target of 4.0 per cent with a tolerance band of +/- 2 per cent.

Calculations are based on more than 6.5 million orders worldwide and more than 1.3 million orders in India

This sustained interest from FPIs, with equity assets worth Rs 1.38 lakh crore bought cumulatively in 2023, is a positive indicator for the markets.

Elaborating on the recently issued proposals to tackle the menace of financial influencers, the official said Sebi is acting keeping the future in mind and its intent is only to get into a situation if a regulated entity comes into the picture.

This would be a 10-time growth over the 10 billion transactions achieved by the 2016-launched platform in August

NCLT on Tuesday asked SpiceJet to work towards resolving disputes with the lessors who have initiated insolvency proceedings against the airline

India's services sector activity eased in August but growth rates for new orders remain elevated, as services firms indicated the sharpest upturn

Union Finance Minister Nirmala Sitharaman on Tuesday asked banks and financial institutions to ensure that their customers nominate heirs

Paytm said it disbursed USD 667 million (Rs 5,517 crore) loans through its platform and deployed 87 lakh devices for offline payments

Automobile retail sales in India rose by 9 per cent in August aided by sales growth in all segments, including passenger vehicles and two wheelers

Indian stock indices continue to remain firm, with most sectoral indices tracking in the green on Tuesday early trade