Business

November 12, 2018 8:36 PM

Retail inflation falls to one-year low of 3.31 per cent in October

Retail inflation fell to a one-year low of 3.31 per cent in October on the back of cheaper kitchen staples, fruits and protein-rich items.  Official data released today showed that the inflation based on the Consumer Price Index (CPI) was 3.7 per cent in September 2018 and 3.58 per cent in October 2...

November 10, 2018 2:38 PM

Digital payment transactions jump to 244 cr in Aug 2018

The number of digital payment transactions in India touched 244.81 crore in August 2018, more than three-fold rise from October 2016, underlining the massive adoption of digital payment modes over the last two years.   The statement by the Ministry of Electronics and Information Technology said in N...

November 8, 2018 9:10 PM

FM Jaitley terms demonetization as key decision to formalize economy

Finance Minister Arun Jaitley has said, demonetization was a key step in a chain of important decisions taken by the government to formalize the economy.  He said, financial inclusion was another important step to ensure that even weaker sections become part of the formal economy.  In a Facebook pos...

November 7, 2018 8:46 PM

Muhurat session: Sensex rallies 246 points on strong footing

The benchmark indices BSE and NSE witnessed their best Muhurat trade session gains in 10 years, settling over 0.5 per cent higher in the Muhurat session of Samvat 2075.  The market gain led by a rise in automobile stocks and information technology stocks.  The S &P BSE Sensex ended at 35,238...

November 7, 2018 8:17 PM

RBI relaxes ECB norms for infrastructure creation

The Reserve Bank of India on Wednesday liberalised the norms governing foreign borrowings for infrastructure creation.  The central bank in a notification said that the minimum average maturity requirement for the External Commercial Borrowings, ECBs in the infrastructure space raised by eligible bo...

November 5, 2018 9:00 AM

Oil prices fall for fourth straight week as US allows Irans sanctions waiver

Global crude oil prices fell for the fourth straight week as investors worried about oversupply as the United States temporarily spared eight countries from Iran-related sanctions during the week. The waivers could allow top buyers to keep importing Iranian oil after economic penalties come back int...

November 4, 2018 3:10 PM

Petrol price cut by 21 paise a litre, diesel by 17 paise

Petrol price was today cut by 21 paise a litre and diesel by 17 paise. According to a price notification issued by state-owned fuel retailers, in Delhi, petrol now costs 78.78 rupees per litre while diesel is priced at 73.36 rupees.  Petrol in Mumbai costs 82.28 rupees per litre and diesel 76.88 rup...

November 2, 2018 10:18 PM

Rupee witnesses big jump of 96 paise to Rs. 72.49 vs USD

The rupee, at the forex market, today witnessed a big jump of 96 paise to 72 rupees and 49 paise against the US dollar. In the previous session, it had depreciated 50 paise to close around 73 rupees and 45 paise against the US currency.  

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