Business
Seeking to guard investor returns from excessive exchange rate movements, RBI Governor Raghuram Rajan today said a move towards an inflation target of 4 per cent will help contain the currency market volatility. “Our aim in the macro stabilisation is to make the exchange rate less and less an issue that investors have to worry […]
Today Ahmed Patel senior Congress leader and advisor to Congress President Sonia Gandhi wrote letter to roll back imposition of excise duty on transactions made by jewellers and gem/diamond merchants. Letter from Patel to FM Arun Jaitley is enclosed herewith.
Market benchmark Sensex fell further after the Reserve Bank cut repo rate of 25 basis points, which was in line with market expectations, and was trading lower by 322 points at 25,077.13, while the broader NSE Nifty slipped below the crucial 7,700-mark. RBI Governor Raghuram Rajan also took a host of measures on the liquidity […]
Today Petrol price was increased by Rs 2.19 a litre and diesel by 98 paise per litre. Petrol in Delhi will cost Rs 61.87 per litre from Tuesday mid-night as against Rs 59.68 currently, as per IOC Indian Oil Corporation. Likewise, a litre of diesel will have new price of Rs 49.31 compared with current […]
The country’s foreign exchange reserves surged by USD 2.539 billion to touch an all-time high of USD 355.947 billion in the week ended March 18, on account of rise in foreign currency assets (FCAs), the Reserve Bank said on Friday. The reserves had touched a high of USD 355.46 billion in the week ended June […]
Gold traders and jewellers continued their strike for the 17th day today, in protest against the proposed one per cent excise duty on non-silver jewellery. Most jewellery shops and establishments in the country are shut after Finance Minister Arun Jaitley in his Budget announced one per cent excise duty on non-silver jewellery. Members of over […]
Liquor baron Vijay Mallya on Thursday sought time till April for making a personal appearance before the ED, virtually making it clear he would not present himself before the anti-money laundering agency pursuant to summons issued by it in the IDBI bank loan default case. Officials said the beleaguered businessman has informed the Enforcement Directorate’s […]
The Reserve Bank of India today fixed the reference rate of the rupee at 66.8806 against the US dollar and 75.0735 for the euro. These rates were 67.3680 and 74.7583, respectively, yesterday. According to an RBI statement, exchange rates for the pound and the yen against the rupee were quoted at 95.1644 and 59.59 per […]
One of Vijay Mallya’s flagship properties in Mumbai, Kingfisher House, is being auctioned online today. Mumbai-based Kingfisher House, the headquarters of the grounded Vijay Mallya-owned Kingfisher Airlines, will be auctioned today by a 17-bank consortium that the former liquor baron owes Rs 6,963 crores to. The base price for the office at Andheri in Mumbai’s […]
No-cost cyber security course brought in by Institute of Advance Network Technology to build a stronger India CSCU will be available across age groups and will empower upto 10 crore Indians to thwart cyber crimes by 2020 in an ode to ‘Digital India’ The Institute of Advance Network Technology (IANT) has taken on the responsibility […]
