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New Delhi: As the rupee keeps falling to new lows, a top government official on Wednesday said it was a temporary phenomenon and the long-term path for rupee-dollar exchange rate was 'quite stable'.
Published 19-Sep-2018 17:41 IST
Mumbai: Benchmark Sensex extended losses for the third straight session on Wednesday, falling 169 points to end at a near two-month low of 37,121.22 as cautious investors pared their portfolios, ignoring positive global cues and recovery in rupee.
Published 19-Sep-2018 17:17 IST
Bengaluru: Companies in India receive a whopping 500,000 security alerts every day and 39 per cent of them, or up to 200,000 alerts, go unattended due to lack of required skill sets, said a Cisco study released on Wednesday.
Published 19-Sep-2018 15:56 IST
Mumbai: The rupee on Wednesday rebounded from its all-time low by rising 28 paise to 72.70 against the US dollar in early trade at the Interbank Foreign Exchange market on fresh selling of the US currency by exporters and banks. Besides, dollar-selling by exporters and banks, easing crude prices inMore
Published 19-Sep-2018 13:04 IST
New Delhi: Principal Economic Advisor to the Ministry of Finance, Sanjeev Sanyal, said that the decision to merge three Public Sector Banks, namely, Vijaya Bank, Dena Bank, and the Bank of Baroda will make them commercially successful.
Published 19-Sep-2018 04:12 IST
Mumbai: Unveiling more reform measures for the securities market, Sebi on Tuesday decided to come out with revised KYC norms for foreign investors, reduce the listing time after public offer to three days and slash the charges levied by mutual funds from investors.
Published 18-Sep-2018 23:07 IST
Mumbai: With nearly Rs 8000 crore worth of arbitrations still pending approvals, Reliance Infrastructure chairman Anil Ambani on Tuesday criticised government agencies, which drag their feet on arbitration payouts.
Published 18-Sep-2018 20:10 IST
New Delhi: Widening its probe, the Enforcement Directorate (ED) has zeroed in on foreign assets worth about Rs 4,000 crore of absconding diamond jeweller Nirav Modi for quick attachment under the anti-money laundering law in connection with the alleged USD 2 billion PNB fraud case.
Published 18-Sep-2018 19:31 IST
Mumbai: The rupee on Tuesday slid further 47 paise to settle at a record low of 72.98 against the US currency due to surging crude oil prices and escalating trade war worries. Panic dollar demand from importers and speculative traders sent the home currency sinking to a historic low of 72.99 in lateMore
Published 18-Sep-2018 19:26 IST
Mumbai: The BSE benchmark Sensex extended losses for the second session Tuesday by plummeting 295 points to close at an over one-month low of 37,291 owing to hectic selling in financial and auto stocks amid escalating US-China trade tariff tensions and worsening rupee woes.
Published 18-Sep-2018 18:53 IST
New Delhi: To empower desi tech start-ups working in the field of Artificial Intelligence (AI) and other emerging technologies, IT industry's apex body Nasscom on Tuesday announced to double up on its efforts and mentor 100 such mature-stage start-ups every year.
Published 18-Sep-2018 17:38 IST
New Delhi: Underlining its commitment to providing safe, reliable, and comfortable transportation solutions, Avis India has announced free car delivery and collection.
Published 18-Sep-2018 14:14 IST
Mumbai: After a weak start, the rupee Tuesday recovered 10 paise to 72.41 against the US dollar amid volatility in early trade on fresh selling of the US currency by exporters and banks.
Published 18-Sep-2018 09:36 IST
Mumbai: Petrol price continued its upward spiral in the megapolis--where the fuel is the costliest among the major metros--with Monday's retail price pegged at Rs 89.44 a liter, up from 89.29 Sunday, and diesel selling at Rs 78.33, up 17 paise.
Published 17-Sep-2018 23:08 IST
New Delhi: As the rupee weakened against the US dollar and markets closed deep in the red on Monday despite a series of measures announced by the government over the weekend, Finance Minister Arun Jaitley said it was due to global phenomena occurring owing to squeeze on oil production and theMore
Published 17-Sep-2018 20:44 IST | Updated 20:49 IST
New Delhi: The government on Monday proposed the merger of three state-run banks: Dena Bank, Vijaya Bank and the Bank of Baroda, into an amalgamated entity and has directed their respective boards to consider the proposal, Finance Minister Arun Jaitley announced. This is the second such exercise inMore
Published 17-Sep-2018 20:44 IST | Updated 22:26 IST
Mumbai: State-run banks' market share in loans to the micro, small and medium enterprises (MSMEs), a major thrust area for the government, has dipped on aggressive play by private sector banks and NBFCs, a report said on Monday.
Published 17-Sep-2018 19:58 IST
Mumbai: With interest rates cycle reversing, cost of borrowing for housing finance companies (HFCs) and microfinance institutions (MFIs) is likely to increase by over 30 basis points in the current fiscal year, and by another 40-50 basis in FY20, a report said Monday.
Published 17-Sep-2018 19:56 IST
Mumbai: After rallying for two sessions, the BSE benchmark Sensex on Monday tumbled over 505 points to slip below the 38,000-level as worries about global trade war and prevailing rupee crisis dampened investors mood despite the government announcing steps to stem a steep fall in the IndianMore
Published 17-Sep-2018 17:18 IST
New Delhi: India's first independent doorstep car service and repairs provider, Pitstop, has launched its operations in Mumbai and Pune.
Published 17-Sep-2018 16:53 IST

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