Business

March 12, 2022 7:43 AM

RBI bars Paytm Payments Bank from opening new accounts with immediate effect

Reserve Bank of India (RBI) has barred Paytm Payments Bank from opening new accounts with immediate effect. RBI has also directed Paytm Payments Bank to appoint an IT audit firm to conduct a comprehensive audit of its IT system. In a statement, RBI said the onboarding of new customers will be subjec...

March 10, 2022 6:35 PM

Rupee appreciates 26 paise to settle at Rs 76.31 against dollar

In the Forex market, the rupee appreciated 26 paise against the US dollar. The domestic currency settled at 76 rupees and 31 paise per dollar. On the other hand, the dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, rose 0.27 percent to...

March 10, 2022 6:32 PM

Nasdaq records biggest rise since March last year

U.S. stocks surged yesterday led by financial and tech shares. The three main U.S. stocks rebounded from losses of several sessions as oil prices pulled back sharply after fanning inflationary fears. The S&P 500 posted its biggest one-day percentage gain since June 2020, while the Nasdaq tal...

March 9, 2022 6:45 PM

Oil prices decline around 3% even as US bans Russian oil imports

Oil prices today declined around three percent even as the United States banned Russian oil imports. Goldman Sachs analysts said that the factor of the ban on Russian oil had already been priced in a day before, that is the reason crude prices did not rise further.  Global crude oil prices today hit...

March 9, 2022 5:52 PM

MSME sector will help in making a truly Aatmanirbhar Bharat: Narayan Rane

Minister for Micro, Small and Medium Enterprises MSME Narayan Rane has said that Narendra Modi Government is committed to support the MSMEs through friendly policies, bringing in the latest technologies, setting up training centers and providing credits.  Addressing the 8th MSME Excellence Awards an...

March 8, 2022 6:22 PM

Wall Street's main indexes fall sharply

Wall Street's main indexes fell sharply on Monday, with the Nasdaq Composite confirming it was in a bear market. The three major US stocks declined as the prospect of a ban on oil imports from Russia sent crude prices soaring and fueled concerns about rising inflation. The Dow Jones Industr...

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