The benchmark BSE Sensex surged by 158 points in late morning trade on Tuesday on bouts of value-based buying in key bluechip stocks. The stock market witnessed low-level value-based buying in scrips of oil & gas, banking, realty, auto and metal sectors ahead of monthly expiry in the derivative segment for April series on Thursday […]
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Business
British high commission to setup office in Ahmedabad ;meets Gujarat CM
Today in Ahmedabad, Mr. Geoff Wain, British Deputy High Commission meets Gujarat Chief Minister Anandiben Patel. CM thanked British government for opening new office at Ahmedabad and expressed that this will boost bilateral relations and mutual co operation as well. Dy British Commision had visited during recent Vibrant summit 2015.UK minister lord livingston declared to […]
BSE Sensex gains over 97 pts in early trade on robust RIL earnings
The benchmark BSE Sensex rose over 97 points in early trade today after sentiments were bolstered on the back of Reliance Industries’ encouraging fourth quarter earnings announced last week. The 30-share index, which had lost 602.34 points in the previous three sessions, recovered by 97.36 points, or 0.34 per cent, at 28,539.46, with stocks of […]
Indian economy clearly on recovery path says Arun Jaitley FM
Indian economy is now clearly on a recovery path with a 7.4 per cent growth in the first three quarters and the new BJP led government is committed to maintain overall macroeconomic conditions on a sustained basis, Finance Minister Arun Jaitley has said.
Actress Juhi Chawla in Ahmedabad for FICCI Awards
Today, Bollywood Actress Juhi Chawla was at the FICCI Awards at YMCA Club in Ahmedabad. Anar Patel, daughter of Gujarat CM was among other dignitaries pesent at the function. FICCI Awards in different categories were given to awardees.
Petrol price reduced by 80 paise, diesel by Rs 1.30 per litre; effective from Apr 16
India’s state-run oil marketing companies have reduced retail prices for petrol by Rs 0.80 a litre and retail price of diesel by Rs 1.30 a litre responding to lower crude oil prices. New rates will be effective from April 16. As per IOC “Since last price change, trend of international prices of petrol and diesel […]
RBI retains policy rate to manage food inflation
Reserve Bank Governor Raghuram Rajan today kept policy rate unchanged awaiting clarity on impact of unseasonal rains on food inflation even as he wanted banks to pass on benefits of previous two rate cuts. The repo rate, at which RBI lends to the banking system, will continue to be at 7.5 per cent and the […]
BSE Sensex gained 244 pts before RBI meet
Today, The benchmark BSE Sensex gained over 244 points to settle the day at 28,504.46, before RBI’s monetary policy review tomorrow, mainly driven by strong rally in healthcare and realty stocks.Brokers said sustained buying by participants to enlarge their portfolios ahead of the RBI’s bi-monthly policy and appreciating rupee against the dollar buoyed the sentiment.
PM Modi inaugurates RBI Conference on Financial Inclusion
The Prime Minister, Shri Narendra Modi, today urged the Reserve Bank of India to take the lead in encouraging financial institutions to set concrete targets for financial inclusion over the next 20 years, to help transform the quality of life of the poor. “I come as a representative of the poor, underprivileged, marginalized and tribals; […]
PM Modi wants RBI to project 20-year road map for financial inclusion
Today, Prime Minister Narendra Modi asked the Reserve Bank of India to prepare a 20-year road map for financial inclusion and nudged banks to be considerate in giving loans to the poor as also while making recoveries from them, especially farmers. “RBI will be completing 100 years in 2035..it will be appropriate for the central […]