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June 26, 2019 7:50 PM
The Reserve Bank today said all data related to payments must be stored in systems located only in India and data processed abroad will have to be brought back to the country within 24 hours. The RBI had issued a directive in April 2018 on 'Storage of Payment System Data'. It had ...
June 26, 2019 2:14 PM
Eminent Economist Arvind Pangariya has said that escalating trade war between the US and China is an opportune time for India to attract the large multinationals looking for alternative locations outside China. He said that large multinationals are coming out of China and it is an opportune time for...
June 25, 2019 7:10 AM
The Reserve Bank of India has launched an application on its website for lodging complaints against banks and NBFCs with a view to improve customer experience in timely redressal of grievances. RBI Governor Shaktikanta Das launched the Complaint Management System (CMS) is a software application yest...
June 24, 2019 9:17 PM
June 24, 2019 7:36 PM
After opening on a weak note, the rupee today recovered the lost ground and finally settled 23 paise higher at 69 rupees and 35 paise to the US dollar amid weakening of the greenback against major currencies. At the interbank foreign exchange (forex), the domestic currency witnessed heavy volatility...
June 23, 2019 5:09 PM
Overseas investors have infused more than 10,000 crore rupees in the domestic capital markets this month so far, with debt segment accounting for the lion's share. Experts said that equity investments have slowed down on account of rising geopolitical tensions in West Asia as well as US-In...
June 21, 2019 4:32 PM
At the stock markets, the Sensex at the Bombay Stock Exchange slumped 407 points, or 1 per cent, to close at 39,194, today. The Nifty at the National Stock Exchange slipped 108 points, or 0.9 per cent, to 11,724.
June 20, 2019 12:23 PM
The Centre has assured all genuine exporters that they would continue to get their Integrated Goods and Service Tax (IGST) refunds in a timely manner in a fully automated environment. The Central Board of Indirect Taxes and Customs (CBIC) said, introduction of manual checks in IGST refunds is aimed ...
June 18, 2019 7:04 PM
Capital markets regulator SEBI today permitted stock exchanges with commodity derivative segment to introduce futures on indices. SEBI in a circular said, the stock exchanges, willing to start trading in futures on commodity indices, are required to take prior approval for launching such contracts. ...
June 18, 2019 6:22 PM
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