Business

December 29, 2018 8:26 AM

MSP for Copra hiked by more than Rs.2000 per quintal

The Cabinet Committee on Economic Affairs, CCEA has approved hike in Minimum Support Price for Copra by more than two thousand rupees per quintal for 2019 season.  Briefing reporters in New Delhi, Union Minister Ravi Shankar Prasad said, the MSP of Copra has been increased to 9521 rupees per quintal...

December 29, 2018 8:22 AM

PSBs approve loans worth over Rs 37,400 cr for MSME sector

Public sector banks have approved more than 1.12 lakh loan applications of MSMEs worth of 37,412 crore rupees under the '59 minutes' loan scheme launched by the government last month. GST-registered Micro, Small and Medium Enterprises (MSMEs) can take loan up to one crore in just 5...

December 29, 2018 8:06 AM

Centre doubles export incentives for onion farmers to 10%

Government has doubled the export incentives for onionfarmers from existing 5 per cent to 10 per cent. In a release, Agriculture Ministry said, this will result inbetter price for Onion in domestic markets. At present the Onion arrivals haveincreased in the market due to which the prices in the Mand...

December 28, 2018 6:19 PM

Rupee strengthens 42 paise

The rupee at forex market on Friday strengthened by 42 paise to 69 rupees and 93 paise against the US dollar.    In the previous session, it weakened 29 paise to 70 rupees and 35 paise against the US currency.  

December 28, 2018 5:41 PM

Gold prices surge, silver rates jump

Gold prices Friday rose by Rs 170 to Rs 32,620 per 10 gram at Delhi bullion market amid increased demand and firm trend overseas. In line with gold prices, silver also spurted 600 rupees to 39,250 rupees per kg on fresh buying by industrial units and coin makers. Bullion traders said the rise in dem...

December 27, 2018 8:50 AM

RBI launches survey to capture retail payment habits in 6 cities

The Reserve Bank of India (RBI) will capture payment habits of individuals in six cities, including four metropolitan towns. For the purpose, the central bank has launched a 'Survey on Retail Payment Habits of Individuals (SRPHi)'. According to RBI release, the survey will cover a ...

December 27, 2018 7:54 AM

Bimal Jalan to head panel on RBI reserve; Rakesh Mohan to be vice chairman

Reserve Bank of India has named former Governor Bimal Jalan as the head of the expert panel that will decide on the appropriate size of reserves that the central bank should maintain and the dividend it should give to the government.  RBI said in a statement yesterday that expert committee has been ...

December 26, 2018 4:59 PM

Sensex rises to 180 points; Nifty ends at 10,730

The Sensex at the Bombay Stock Exchange rose 180 points, to end at 35,650, on Wednesday.  The Nifty at the National Stock Exchange climbed 66 points, or 0.6 per cent, to 10,730.

December 26, 2018 4:58 PM

Gold rallies on jewellers' buying

Gold rose Rs 100, to Rs 32,500 per ten grams at Delhi's bullion market on Wednesday, on increased buying.  Silver added 125 rupees to 38,125 rupees per kilo on fresh buying by industrial units and coin makers.  Silver coins ended unchanged, at 74,000 rupees for buying 100 pieces.

December 26, 2018 4:13 PM

Investment through P-notes rises to Rs 79247 crore in November

Investments in the Indian capital market through participatory notes climbed to Rs 79,247 crore in November after hitting a nine-and-a-half year low at the end of October.  P-notes are issued by registered foreign portfolio investors to overseas investors who wish to be part of the Indian stock mark...

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