Business

June 23, 2020 5:24 PM

Oil prices steady after volatile session

Oil prices today steadied after a volatile session sparked by confusion over the status of the U.S.-China trade deal. In intra-day trade, Brent crude prices were trading at 43 dollars and 80 cents per barrel while WTI crude prices were at 41 dollars and 40 cents per barrel.

June 23, 2020 5:23 PM

Rupee rises 37 paise to 75.66 against US dollar

The rupee today appreciated 37 paise to provisionally close at Rs. 75.66 against the US dollar, following a rally in domestic equity market and persistent foreign fund inflows. Forex dealers said, besides, an unstable US dollar against major global currencies also helped the rupee surge.

June 23, 2020 4:42 PM

IIM Ahmedabad launches 'IIM Ahmedabad Endowment Fund'

Indian Institute of Management- IIM Ahmedabad has launched the 'IIM Ahmedabad Endowment Fund'. According to the official press release, the fund has been launched with an initial commitment of Rs. 100 Crore from 10 founding alumni. The endowment aims to raise Rs.1000 crore over a p...

June 22, 2020 9:06 PM

EPFO adds 1.39 crore subscribers in last two financial years

Employees' Provident Fund Organization - EPFO has added one crore 39 lakh  subscribers in last two financial years. Ministry of Labour and Employment in a statement said that net addition to subscriber base has gone up from 61.12 lakh  in 2018-19 to 78.58 lakh in 2019-20, registering a 28 p...

June 22, 2020 6:18 PM

Rupee appreciates 17 paise to close at Rs 76.03 against dollar

The rupee today appreciated 17 paise to close at 76 rupees and three paise against the US dollar in line with positive equity markets amid sustained foreign fund inflows. Forex dealers said, besides, a weak US dollar against major global currencies also aided the rupee's upward movement.

June 22, 2020 8:09 AM

India becomes 12th largest holder of US govt securities at April end

India has become the 12th largest holder of US government securities at the end of April, with holding worth 157.4 billion dollars. The data from the US Treasury Department showed that after significantly reducing the exposure in March to 156.5 billion dollars, India marginally hiked the holding by ...

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