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July 31, 2019 6:24 PM
Growth of eight core industries dropped to 0.2 per cent in June mainly due to a contraction in oil-related sectors as well as in cement production. According to official data released today, the eight-core sector industries - coal, crude oil, natural gas, refinery products, fertiliser, steel, cemen...
July 31, 2019 2:45 PM
India has immense opportunities of export in the markets of China and United States in the situation arising out of US- China trade stand off. Minister of State for Commerce and Industries Som Prakash said this while speaking at the interactive session of Federation of Export Organizations at New D...
July 31, 2019 9:36 AM
India's Ambassador to the US Harsh Vardhan Shringla yesterday said that Indian IT companies contributed 57.2 billion dollars to the GDP of the US in 2017. Addressing business leaders in Denver, Colorado, Mr. Shringla said India-based global IT services companies employ more than 175,000 wor...
July 31, 2019 7:39 AM
In more liquidity easing measures, the Reserve Bank has liberalised the end-use stipulations for the External Commercial Borrowings both for corporates as well as liquidity starved non-banking lenders. The central bank in a statement yesterday said that liberalisation will be applicable to ECBs take...
July 30, 2019 9:08 AM
The Reserve Bank has imposed a fine of about 26 lakh rupees on two online payment solutions providers for non-compliance of regulatory guidelines. The central bank said in a release that Mobikwik Systems Private Limited has been slapped a fine of 15 lakh rupees while Hip Bar Pvt Ltd faced a fine of ...
July 29, 2019 6:13 PM
Gold prices today dropped 50 rupees to 35,720 rupees per 10 gram in the national capital, owing to sluggish demand from jewellers. Silver also ended lower by 100 rupees to 41,900 rupees per kg due to reduced offtake by industrial units and coin makers. Globally, spot gold traded flat at 1,419 US do...
July 26, 2019 8:06 PM
The US economy grew less than previously thought last year, missing President Donald Trump's target of 3%. Revised official figures show that GDP expanded by 2.5% during 2018.GDP grew at an annual rate of 2.1% between April and June, ahead of expectations but below 3.1% recorded in the firs...
July 22, 2019 8:40 AM
Foreign Direct Investment (FDI) inflow has increased during the last six years from 36.05 billion US Dollars in 2013-14 to 64.38 billion US Dollars in 2018-19, registering a growth of 79 per cent. Giving details about the FDI inflow, sources in the Commerce Ministry said it has been the endeavour of...
July 20, 2019 7:49 AM
India's foreign exchange reserves declined by USD 1.113 billion to USD 428.797 billion in the week to July 12 - the first fall after four consecutive weeks of gains - due to a fall in foreign currency assets. According to the latest weekly RBI data, foreign currency assets, which are a majo...
July 19, 2019 6:51 PM
The rupee snapped its three-day losing streak to close 17 paise higher at 68 rupees and 80 paise against the US dollar as market participants pinned their hopes on an aggressive rate cut by the US Federal Reserve later this month. Forex traders said the rupee along with most Asian currencies strengt...
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