RBI imposes penalty on Federal Bank for non-compliance of certain directions
Reserve Bank has imposed a penalty of five crore rupees on Federal Bank for non-compliance of certain RBI directions among other deficiencies. In a pr...
RBI allows state-owned oil companies to borrow long term working capital from overseas
The Reserve Bank of India (RBI) has allowed state-owned oil companies to borrow long term working capital from overseas. RBI relaxed the policy on bor...
Rupee drops 44 paise to hit new low of 73.77 against USD
Mumbai: The rupee collapsed to a fresh low of 73.77 against the US dollar Thursday, as global oil prices continued to rise, deepening concerns about t...
Rupee plunges 43 paise against US dollar
Mumbai: The Indian rupee Wednesday crashed below the 73 mark against the dollar for the first time ever on strong demand for the American currency fro...
Sensex falls over 200 points in early trade
Mumbai: The BSE Sensex fell over 200 points and the NSE Nifty dropped below the 11,000-level in early trade Wednesday after the rupee dropped to a new...
Samsung plans to start sales of a silver-coloured Galaxy Note 9
Samsung Electronics Co. plans to start sales of a silver-coloured Galaxy Note 9 as early as this week, industry sources said on Tuesday, apparently to...
Money, stock markets closed today
Mumbai: Money and stock markets are closed on Tuesday on account of Gandhi Jayanti.
SBI reduces ATM withdrawal limit to Rs.20,000
State Bank of India has slashed the daily withdrawal limit on its classic debit card from Rs 40,000 to Rs 20,000. There is no change in the daily...
GST collection rises to Rs.94,442 cr in September
GST Revenue collection has gone up last month and shows an upward trend as compared to August this year. It has crossed Rs 94,000 crore compared ...
RBI to inject Rs.36,000 cr into system through purchase of govt bonds
The Reserve Bank yesterday announced that it will inject 36,000 crore rupees into the system through purchase of government bonds in October to ...
Gold drops Rs 75; silver falls by Rs 150
Gold prices dropped by Rs 75 to Rs 31,475 per 10 gram at the bullion market Monday in line with weak global trend.Silver too fell by Rs 150 to Rs 38,9...
Petrol prices at record high, crosses Rs.91 per litre in Mumbai
Mumbai: The price of petrol crossed the crucial Rs 91 mark in Mumbai on Monday after a 24 paise hike, Indian Oil Corporation (IOC) stated. A litre of ...
Rupee slips 36 paise against US dollar
Mumbai: The rupee weakened by 36 paise to 72.84 against the US dollar Monday even as the RBI announced plans to purchase government bonds worth Rs 36,...
Sensex sees mixed trends in early trade
Mumbai: The benchmark 30-share BSE Sensex recovered after falling marginally in early trade Monday amid mixed global trends.After slipping over 60 poi...
Govt cuts gross borrowing estimate for current fiscal by Rs.70,000 crore
Economic Affairs Secretary SC Garg has announced a reduction in gross borrowing estimate for the current fiscal by 70,000 crore rupees and maintained ...
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Petrol, diesel continue to touch a new height
NEW DELHI: Citizens are yet to receive any respite from fuel prices, as the rates of petrol and diesel have once again witnessed a hike in the country...
First consignment of non-basmati rice shipped to China today
The first consignment of non-basmati rice of 100 tonnes is to be shipped to China from Nagpur today. The consignment will be received by China Nationa...
Rupee advances 10 paise against US dollar in early trade
Mumbai: The rupee rose by 10 paise to 72.49 against the dollar in early trade Friday amid fresh selling of the American currency by exporters and bank...
RBI eases cash reserve rules to ease liquidity
Mumbai: The Reserve Bank of India Thursday allowed banks to dip further into statutory cash reserves in a bid to ease a liquidity squeeze afflicting t...
Sensex, Nifty turn choppy on F&O expiry
Mumbai: Benchmark indices Sensex and Nifty gave up most of their initial gains after investors turned cautious ahead of September futures and options ...
Rupee rises 22 paise against US dollar
Mumbai: Continuing to recover, the rupee Thursday strengthened by another 22 paise to 72.38 against the dollar in early trade in the forex market afte...
Royal Enfield announces global launch of two motorcycle models
Niche bike maker Royal Enfield Wednesday announced global launch of its two new motorcycle models, Continental GT 650 and the Interceptor INT 650 pric...
2nd Global RE-INVEST to be held in New Delhi from 3rd to 5th Oct
The 2nd Global RE-INVEST will be held in New Delhi from 3rd to 5th of next month. Addressing a press conference in New Delhi, Power Minister R K ...
Sensex, Nifty turn choppy ahead of US Fed policy outcome
Mumbai: The benchmark Sensex turned choppy after surging over 200 points in early trade Wednesday, ahead of US Federal Reserve's policy outcome due la...
Rupee recovers 8 paise against US dollar
Mumbai: The rupee recovered by 8 paise to 72.61 against the dollar in early trade Wednesday on mild selling of the US currency by exporters amid easin...
India's economy continues on robust growth path: ADB
New Delhi: India's economy continues on a robust growth path, the Asian Development Bank (ADB) said Wednesday while maintaining the growth forecast fo...
Indian Oil sees India's oil demand surging to 500 mn tonnes per yr by 2040
India's crude oil demand is forecast to grow to 500 million tonnes per year by 2040, but persistent increases in oil prices might act as a dampener fo...
Sensex recovers over 100 points
Mumbai: The BSE Sensex was trading higher by 179.91 points in late morning deals Tuesday on bouts of bargain hunting and value buying in recently hamm...
SAP, Microsoft and Adobe announce data alliance
Business software companies SAP, Microsoft and Adobe said on Monday they were forming a data alliance that will make it easier for clients running the...
India to be 100 billion FDI destination by 2022: PHD Chamber
India is approaching towards USD 100 billion FDI inflow per annum by 2022 as volumes of foreign direct investment are increasing year after year.PHD C...
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