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BSE Sensex crosses 30,000 with RBI rate reduction

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Today, with a  surprise rate reduction led BSE Sensex to cross the historic 30,000 mark but sustained selling dragged it down by a sharp 213 points at close, snapping 4-day Budget rally.

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Mr Abheek Barua, Chief Economist, HDFC Bank, on the monetary policy commented of the RBI policy, which was status quo as the central bank kept its policy rate and stance unchanged, as expected. However, the RBI seemed less hawkish on liquidity management compared to the previous policy which could be seen as a signal of […]

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Bollywood Actor Kadar Khan passes away at 81

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Today multi talented Bollywood actor, screenwriter, comedian, directorand comedian Kadar Khan paases away at an age of 81 in Canada. Kadar Khan’s death was confirmed by his son Sarfaraz. He adied after 17 days of hospitalization. Kadar Khan has done many remarkable role as character actor and comedian. As an actor, he appeared in over […]
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Supreme Court orders assets details of Mallya family be given to banks

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The Supreme Court today dismissed beleagured Vijay Mallya’s prayer for protection from disclosure of his assets and those of his family, in India and abroad, to Kingfisher Airlines’ lenders, saying “no tangible” grounds have been raised to maintain secrecy of information. “We don’t find any tangible objection in disclosing the assets (of Mallya, his wife […]