Business

February 20, 2019 6:04 PM

Govt to infuse Rs 48,239 crore in 12 public sector banks

The government has approved recapitalisation of Rs 48,239 crore in 12 public sector banks in this fiscal to help them maintain regulatory capital requirements and finance growth plans.  In a tweet, Financial Services Secretary Rajiv Kumar said the recapitalization will help these banks perform bette...

February 19, 2019 5:17 PM

Sensex slips 146 points; Nifty settles at 10,604

Domestic stocks on Tuesday closed with losses for the ninth straight session.  Both stocks lost around 0.4 per cent amid weak global cues.  The Sensex at the Bombay Stock Exchange declined 146 points to end at 35,353.  The Nifty at National Stock Exchange also fell 37 points to settle at 10,604.

February 19, 2019 2:36 PM

Sensex surges 230 points to trade at 35,729 today

Domestic share markets today logged gains in afternoon trade, snapping a losing streak of eight sessions. The Sensex at the Bombay Stock Exchange surged 230 points to trade at 35,729 a short while ago. The Nifty at National Stock Exchange also appreciated 69 points to trade at 10,710. The domestic c...

February 19, 2019 2:33 PM

RBI to give Rs 28,000 cr to Centre as dividend

The Reserve Bank has announced that it will transfer an interim surplus of 28,000 crore rupees to the central government for the half-year ended 31st December 2018. In a statement, the RBI said the decision has been based on a limited audit review and after applying the extant economic capital frame...

February 17, 2019 6:13 PM

FPIs pour Rs 5,300 cr into equities in Feb so far

Foreign investors have put in over 5,300 crore rupees into the Indian equity market in the first half of this month, primarily on account of a positive view on the Interim Budget 2019-20.   The infusion into the equity market comes following a pull-out of 5,264 crore rupees by foreign portfolio inve...

February 16, 2019 9:05 PM

India raises customs duty to 200 pc on all goods imported from Pakistan

India has raised the basic customs duty to 200 per cent on all goods imported from Pakistan with immediate effect following withdrawal the Most Favoured Nation, MFN status in the aftermath of the Pulwama terror attack.  Finance Minister Arun Jaitley said this in a tweet. The main items which Pakista...

February 14, 2019 2:49 PM

WPI inflation falls to 10-month low of 2.76% in January

Inflation based on wholesale prices fell to a 10-month low of 2.76 per cent in January over the previous month on softening prices of fuel and some food items. According to government data released today, the Wholesale Price Index (WPI)-based inflation stood at 3.8 per cent in December 2018 and 3.02...

February 13, 2019 4:44 PM

Sensex declines 120 points; nifty closes at 10,794

Domestic stocks on Wednesday closed with losses for the fourth session in a row even as global cues were positive. Both stocks lost more than 0.3 per cent.  The Sensex at the Bombay Stock Exchange declined 120 points to end at 36,034.  The Nifty at National Stock Exchange also fell 38 points to sett...

February 13, 2019 7:42 AM

RBI penalises banks for violating various norms

Reserve Bank has imposed monetary penalty of two million rupees each on HDFC Bank, IDBI Bank and Kotak Mahindra Bank for non-compliance of various Know Your Customer/ Anti-Money Laundering norms. In a statement issued from Mumbai yesterday, RBI informed that it has imposed monetary penalty of 1.5 Cr...

February 12, 2019 7:48 PM

Retail inflation declines to 2.05 per cent in January

Retail inflation declined marginally to 2.05 per cent in January over the previous month on the continued decline in food prices, including vegetables and eggs.  According to the data released by the Ministry of Statistics and Programme Implementation retail inflation based on the Consumer Price Ind...

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