Business

February 4, 2022 7:32 PM

Wall Street snaps four-session winning streak

Wall Street snapped a four-session winning streak on Thursday. All three benchmarks equity indices ended lower led by a historic fall of Facebook stock. The wipeout in Facebook's owner Meta Platforms erased over 230 billion dollars in market value, the biggest one-day loss in history for a ...

February 4, 2022 7:55 AM

RBI warns against forex trading on unauthorized Platforms

Requesting investors to remain vigilant, RBI has said that it has noticed a few misleading advertisements of unauthorized Electronic Trading Platforms (ETPs) offering forex trading facilities to Indian residents. RBI said that these ads are being run on social media platforms, search engines, Over T...

February 4, 2022 7:54 AM

RBI cancels licence of Nashik based Independence Co-operative Bank Limited

Reserve Bank of India has cancelled the licence of Nashik based Independence Co-operative Bank Limited. The bank will not be allowed to carry out any operations henceforth and a liquidator will be appointed soon. RBI has clarified that the bank does not have adequate capital and earning prospects. I...

February 3, 2022 9:33 PM

RBI cancels licence of Nashik based Independence Co-operative Bank Limited

The Reserve Bank of India has cancelled the licence of Nashik based Independence Co-operative Bank Limited. According to an official statement, the bank will not be allowed to carry out any operations henceforth and a liquidator will be appointed soon. RBI has clarified that the bank does not have a...

February 3, 2022 8:00 PM

ISMA estimates 18.7 million tonnes sugar production in 2021-22

The country's sugar production is estimated to have increased by 5.6 percent, to 18.7 million tonnes, during the October to January period of the ongoing marketing year 2021-22, from over the year-ago period, industry body ISMA said on Thursday. According to the Indian Sugar Mills Associati...

February 2, 2022 6:29 PM

Asian shares rise following overnight gains in US equity indices

Asian shares on Wednesday rose following overnight gains in the US equity indices. Japan's NIKKEI-225 climbed 1.7 percent while trade did not take place in other leading East-Asian share markets.   European markets were also up in intra-day trade. London's FTSE 100 rose 0.9 percent...

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