Business

October 21, 2017 5:50 AM

India's foreign exchange reserves touch record high in September

India's foreign exchange reserves touched a record high in September and the current stock is sufficient to cushion India against unexpected global risks. According to global financial services major DBS, India's total foreign reserves touched a record high of USD 402.5 billion in ...

October 20, 2017 8:08 PM

Govt permits banks to sell more small savings schemes<br/>

The government has authorised all public sector banks and three private banks to accept deposits under various small savings schemes like National Savings Certificate (NSC), recurring deposits and monthly income plan. According to the government&apos;s notification, the private banks are ICICI, ...

October 20, 2017 7:41 PM

India's fuel demand up 10% in September

India&apos;s fuel demand surged nine point nine per cent in September, the biggest expansion in more than one year, after petrol and diesel consumption soared. According to data released by the oil ministry, the world&apos;s fastest-growing oil consumer used 16.25 million tonnes of petroleum...

October 20, 2017 2:18 PM

Stocks, forex markets closed today for 'Diwali Bali Pratipada

Stocks and forex markets are closed today for &apos;Diwali Bali Pratipada&apos;. Also known as Bali Padyami or Padva, it is the fourth day of Diwali. It falls in the Hindu month of Kartika and is the first day of the bright lunar fortnight. It is also the day when Lord Krishna saved the peop...

October 20, 2017 2:12 PM

Diwali Muhurat trading: Gold jumps Rs.76 per 10 grams

In the special Diwali Muhurat trading in Mumbai today, Gold added to its sparkle as the price jumped 76 rupees per 10 grams. Traders said the gold price was supported among others by increased buying activity driven by the ongoing festive seasonal demand on the auspicious occasion of &apos;Diwal...

October 18, 2017 8:17 PM

Banks to provide funds at 7% to women SHGs under DAY-NRLM: RBI

The RBI today said banks will provide funds to women self help groups, SHGs, in rural areas at 7 per cent under the Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM) in the current fiscal. The central bank issued the revised guidelines on interest subvention scheme under DAY...

October 18, 2017 1:59 PM

Sensex declines 7 points, to 32,602

At the stock markets, after a weak opening, the Sensex at the Bombay Stock Exchange recovered much of the lost ground in afternoon trade, but had still declined 7 points, to 32,602, a short while ago. The Nifty at the National Stock Exchange had dropped 17 points, to 10,218.And at the forex market, ...

October 18, 2017 12:16 PM

Sensex down by 138 points to trade at 32,470

The Sensex at the Bombay Stock Exchange lost 138 points to trade at 32,470 in late morning deals. The Nifty was also trading 56 points low at 10,177 a short while ago. The rupee pared its initial gains to trade lower by 2 paise at 65.04 against the US currency in late morning deals. The rupee had op...

October 18, 2017 10:37 AM

Rupee recovers by 7 paise to 64.95 against dollar in early trade

The rupee recovered by 7 paise to 64.95 against the dollar in early trade today on mild selling of the US currency by exporters.The rupee had lost 28 paise to close at 65.02 yesterday due to fresh bouts of demand for the greenback amid renewed Fed rate hike fears.Meanwhile, the benchmark BSE Sensex ...

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