Business

May 11, 2019 8:50 PM

US hikes tariff on imports from China

US President Donald Trump ordered a tariff hike on almost all imports from China after the latest round of talks to end the trade war between the world's two largest economies, ended yesterday without a deal. However, Beijing said the negotiations have not broken down and it is cautiously o...

May 10, 2019 8:12 PM

India's industrial output in March falls 0.1 pc

Industrial output growth, IIP, fell 0.1 per cent in March this year as compared to corresponding period of last year due to slowdown in the manufacturing sector. According to the Ministry of Statistics and Programme Implementation data released today, During the entire 2018-19 fiscal, industrial out...

May 9, 2019 6:57 PM

15th Finance Commission hold meetings with Eminent Economists

The 15th Finance Commission held a two-day meeting with eminent economists, top executives of leading banks at RBI headquarters in Mumbai.  Addressing the media today Chairman of Finance Commission Mr N.K. Singh said that last two days meeting with top economists, Panel of experts from RBI and banke...

May 6, 2019 8:41 PM

Southeast Asian stocks tumble amid US-China trade tensions

Domestic stocks today cracked around one per cent in line with global sell-offs, amid renewed fears that trade negotiations between the US and China are on the verge of collapse. The Sensex at the Bombay Stock Exchange declined 363 points to close at 38,600. The Nifty at the National Stock fell 114 ...

May 4, 2019 7:11 AM

RBI imposes fines on PPIs for violating norms

The Reserve Bank of India on Friday said that it has imposed penalties on five prepaid payment instrument (PPI) issuers, including Vodafone m-pesa and PhonePe, for violation of regulatory norms.  Also, penalties have been imposed on Western Union Financial Services Inc and MoneyGram Payment Systems ...

May 4, 2019 7:09 AM

Foreign exchange reserves rise by 4.3 Billion

The country's foreign exchange reserves soared by USD 4.368 billion to USD 418.515 billion in the week to April 26. The   RBI data showed on Friday thst foreign currency assets rose by USD 4.387 billion to USD 390.421 billion. According to the data Gold reserves remained unchanged at USD 23...

May 1, 2019 9:06 PM

GST collections touch all-time high of over Rs 1.13 lakh crore in April

The Goods and Services Tax, GST collection scaled all-time high of over 1.13 lakh crore rupees last month, up from 1.06 lakh crore rupees in the previous month.  The Finance Ministry in a statement said, out of the total gross GST revenue collected in April, Central GST is 21 thousand 163 crore rupe...

April 30, 2019 12:04 PM

Rupee appreciated by 32 paise to 69.70 against US dollar in opening trade

The rupee appreciated by 32 paise to 69.70 against the US dollar in opening trade Tuesday, amid easing crude prices and weakening of the greenback vis-a-vis some currencies overseas.   The rupee opened strong at 69.83 at the interbank forex market, then gained further ground to touch 69.70 per dolla...

April 29, 2019 5:59 PM

Share markets closed due to elections in Mumbai

In the share market, BSE and NSE indices on Monday remained close for the fourth phase of polling as Mumbaikars are exercising their voting rights.  In the previous session, the Sensex closed at 39,067 while Nifty ended at  11,755. The rupee at the forex market in the previous session settled at 70 ...

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