India trade fair on in Dubai; bilateral trade with GCC up by over 116%

Rupee ends 2-day gains; Slips to 66

At the interbank foreign exchange market, the rupee ended two days of gains, falling 30 paise, to close at 66, against the dollar on monday, on demand from importers. The rupee started weak today at 66.15 to a dollar, from the previous close of 65.70, and then climbed to a high of 65.68 during the d...

RBI simplifies procedure of opening bank accounts for foreign students

RBI has simplified the procedure of opening a bank account for foreign students. In a notification issued from Mumbai, RBI has asked banks to open a Non-Resident Ordinary bank account of a foreign student on the basis of his/her passport along with appropriate visa and immigration endorsement. A pho...

e-KYC to be considered valid process: RBI to banks

IMF, World Bank members' report appreciates SEBI

An assessment report put in by a joint team of International Monetary Fund (IMF) and World Bank members has lauded SEBI saying that the regulatory and supervisory regime for securities market in India is well developed and largely in compliance with international standards. The report published by I...

Rupee ends 2-day gains; Slips to 66

At the interbank foreign exchange market, the rupee ended two days of gains, falling 30 paise, to close at 66, against the dollar today, on demand from importers. The rupee started weak today at 66.15 to a dollar, from the previous close of 65.70, and then climbed to a high of 65.68 during the day, ...

8 core infrastructure industries grow by 3.1 per cent in July

The eight core infrastructure industries grew by 3.1 per cent in July, the highest in the last four months.The core industries grew moderately mainly due to declining output of crude oil and natural gas.An official data released today said that the Eight Core Industries have a combined weight of 37....

Growth of infrastructure industries slows down in July

The growth of eight infrastructure industries slowed down to 3.1 per cent in July, against 4.5 percent in the same month last year, The slow down is attributed mainly to contraction in crude oil and natural gas production.The growth in July, however, was higher than the previous month when the core ...

Power Grid Corporation bags major contract from Ethiopian Electric Power

State-owned Power Grid Corporation-led consortium has bagged a 21 million US dollar contract from Ethiopian Electric Power Service Corporation for undertakingits system upgrade. Power Grid Corporation has bagged this two-year contract in consortium with state-run NHPC and private power distribution ...

Growth of infrastructure industries slows down in July

The growth of eight infrastructure industries slowed down to 3.1 per cent in July, against 4.5 per cent in the same month last year, mainly due to contraction in crude oil and natural gas production.The growth in July, however, was higher than the previous month when the core sectors had expanded by...