Business
The Reserve Bank of India today fixed the reference rate of the rupee at 66.3490 against the US dollar and 70.4693 for the euro. These rates were 66.0940 and 70.8594, respectively, as on November 20, 2015. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were quoted […]
With slew of measures putting back the economy on track, Prime Minister Narendra Modi today said reforms are “just a way station” to transforming India and vowed to provide a transparent and predictable tax regime as well as protection to Intellectual Property Rights. Speaking at the ASEAN Business and Investment Summit here, he said government […]
In a big bonanza to central employees and pensioners, the seventh Pay Commission today recommended a 23.55 per cent increase in salary, allowances and pension along with a virtual one-rank-one-pension for civilians, involving an additional outgo of Rs 1.02 lakh crore a year. A minimum pay of Rs 18,000 per month and a maximum of […]
The benchmark BSE Sensex fell by over 38 points in opening trade due to profit-booking by investors after recent gains amid a weak trend in other Asian markets. The 30-share barometer edged lower by 38.30 points or 0.14 per cent to 25,803.62 with banking, auto and capital goods leading the fall. The index had risen […]
Finance Minister Arun Jaitley today invited sovereign wealth funds of the UAE to invest in National Infrastructure and Investment Fund (NIIF), saying it will provide good return. NIIF will attract good return on the investment made by the Sovereign Wealth Funds, the Finance Ministry said in a statement. “It’s a great opportunity for UAE Sovereign […]
Maharashtra state again took the lead in Foreign Investments. During the period from January to August 2015 the Foreign Investments in the State has crossed Rs.55,307 crores and this will create nearly 1,24,000 employments. The major investing countries are Taiwan, USA, Germany, China and Switzerland. Taiwan alone invested Rs. 35,000 crores during this period. MIC, […]
The benchmark BSE Sensex jumped over 156 points in early trade on the back of gains in stocks of realty, capital goods, banking and metal sectors amid positive cues from Asian markets. The 30-share index, which rose by 149.57 points yesterday, gained 156.91 points or 0.60 per cent to 25,917.01. On similar lines, the NSE […]
The rupee weakened by 9 paise to 66.19 against the dollar in early trade, snapping its two-day winning run, on fresh demand for the US unit from importers. Besides, the dollar’s gain against euro in global market after the Paris attack added to the caution on the common currency and a lower opening in the […]
British Premier David Cameron today said Prime Minister Narendra Modi’s “extraordinary” visit to the UK this week will help build a modern partnership between the two great countries to combat challenges like terrorism, climate change and poverty. The British Prime Minister also said that a special tricolour flypast by the Red Arrows Royal Air Force […]
The rupee rose by 5 paise at 66.39 against the US dollar in early trade today on fresh selling of the American currency by exporters. Besides, weakness in the dollar against other currencies supported the rupee, forex dealers said. However, a lower opening in the domestic equity market, capped the gains, they added. The rupee […]
