Business
Sensex Climbs 159 Points, RBI Policy Meet in Focus
The Sensex surged by over 159 points on Tuesday as interest-sensitive stocks took the centre-stage ahead of RBI's announcement of its policy decision later in the day amid firm Asian cues.
India Jumps 16 Places in Global Competitiveness Index
On the back of improved monetary policy and recent reforms towards opening up the economy, India has jumped 16 places in the Global Competitiveness Index (GCI) to 39th spot: World Economic Forum
Cabinet Clears IOC-OIL-BPCL's Russian Stake Buy for $3.14 Billion
The Cabinet on Wednesday gave its nod to a consortium of IOC, Oil India and BPCL buying stakes in two Russian oilfields for a total of USD 3.14 billion.
Rupee Slumps 13 Paise Against US Dollar in Early Trade
Rupee was down 13 paise at 66.78 against the dollar in early trade at the Interbank Foreign Exchange on Monday.
India's Foreign Exchange Reserves at $369 Billion: RBI
India's foreign exchange reserves went down $369.60 billion as on September 16, the Reserve Bank of India (RBI) announced.
Sensex Soars 365 Points in Early Trade as US Fed Holds Rates
Big gainers that supported the early rally at the indices included ICICI Bank, Tata Steel, SBI, Hero MotoCorp, Axis Bank, Maruti Suzuki, HDFC Ltd, HDFC Bank, Tata Motors, GAIL, ONGC and RIL.
Rupee Claws Back to End at 66.89 Versus Dollar after 3-day Slide
The rupee resumed lower at 66.99 as against last close of 66.92 at the Interbank Foreign Exchange (Forex) Market and dropped further to 67.05 in early trade.
Everything You Want To Know About RBI Governor Urjit Patel
52-year-old Urjit Patel, an economist and banker is the 8th Deputy Governor to be promoted to the top post and has taken over as the 24th Governor of the Central bank for a 3 year term.
NGT Refuses to Quash Green Nod to Vizhinjam Port
The NGT on Friday refused to quash the environment clearance granted to the Vizhinjam International Seaport Ltd.
GoAir Offers 10% Discount to Defence, Para, Police personnel
The offer is available exclusively on the GoAir website, airline's ticketing counters, call centre and travel agents, the release added.
Subsidised LPG Rate Hiked by Rs 2 Per Cylinder
The price of subsidised cooking gas (LPG) was hiked by about Rs 2 per cylinder on Thursday.
Rupee Down 12 Paise Against Dollar in Early Trade
The dollar was firm against some global currencies after the US Federal Reserve Chair Janet Yellen indicated that the interest rates could rise in coming months.
After Rajan Shock, Modi Govt Showed Composure in Picking New RBI Chief
Aides to Prime Minister Narendra Modi have sought to show that the search and selection process of Urjit Patel as Rajan's successor has been deliberate and controlled, that the nation’s leader and the Finance Minister Arun Jaitley were closely involved, a...
GST Rollout Deadline of April Challenging: Rajan
The Reserve Bank today said it will be challenging to roll out GST from April 1, 2017 but the new indirect tax regime will eventually boost business sentiment and investments.
Raghuram Rajan May Keep Rate Static in His Last Policy Today
Consumer Price Index based retail inflation rose by 5.77 per cent in June, the fastest pace in 22 months and it is expected that the implementation of the new Goods and Services Tax (GST) may push it up further.
GST Bill's Passage Credit Positive For India Rating: Moody's
GST will lead to much simpler administrative framework, reducing tax governing costs for corporates, and over time, improving the overall cost competitiveness of corporate India.
