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November 10, 2019 5:00 PM
Overseas investors remained net buyers in the domestic capital markets with an investment of over 12,000 crore rupees in November so far as market sentiments improved following economic reforms by the government. The latest depositories data showed that Foreign Portfolio Investors (FPI) infused ar...
November 9, 2019 9:20 PM
The government has decided to import one lakh tonnes of onion to control price rise in the market. In a tweet, Food and Consumer Affairs Minister Ram Vilas Paswan said that the Metals and Minerals Trading Corporation of India (MMTC) has been asked to import onions and make the vegetable available fo...
November 9, 2019 8:21 AM
Reserve Bank has increased the household income limits for borrowers of Non-Banking Financial Companies (NBFCs) and microfinance institutions (MFIs) from 1 lakh to 1.25 lakh rupees. The move is aimed at strengthening credit to those at the bottom of the economic pyramid in rural areas. Similarly, th...
November 8, 2019 2:17 PM
November 8, 2019 1:59 PM
State Bank of India has lowered its lending rates by 5 basis points across all tenors, today. It has also sharply slashed the deposits pricing between 15 and 75 basis points. It will be effective from 10th of November. This is the seventh consecutive cut in lending rates by the bank this fiscal. The...
November 8, 2019 9:02 AM
The Reserve Bank yesterday said that it has imposed a fine of Rs 5 lakh on prepaid payment instrument Oxigen Services. The RBI said in a release that the move was taken in exercise of powers vested under Section 30 of the Payment and Settlement Systems Act, 2007, for non-compliance of regulatory g...
November 7, 2019 9:07 PM
Finance and Corporate Affairs Minister Nirmala Sitharaman reviewed the present global and domestic macro-economic situation, financial stability and issues related to Non-Banking Financial Companies and Credit Rating Agencies. Ms Sitharaman chaired the 21st meeting of the Financial Stability and Dev...
November 7, 2019 7:23 PM
Khadi India's flagship store at Connaught Place in New Delhi has recorded high sales of 3.44 core rupees. The store belongs to Khadi and Village Industries Commission, KVIC. The sale from April to October this year has recorded 36.47 crores rupees as compared to 33.03 crores rupees during t...
November 6, 2019 5:04 PM
Gold dropped 301 rupees, to 38,870 rupees per ten grams at Delhi's bullion market today, on the subdued global trend. Silver also tumbled 906 rupees, to 46,509 rupees per kilo. In the international market, gold traded almost flat at 1,486 dollars an ounce. Silver was quoting flat at 17.54 d...
November 6, 2019 12:16 PM
Union Minister for Steel Dharmendra Pradhan today said that India's economic growth will be driven by heavy investment in infrastructure, digital economy and job creation in small and medium firms. Addressing the Chromium-2019 Conference in New Delhi, Mr Pradhan said that there is a strong...
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