Business

October 4, 2017 8:31 PM

Petrol, diesel to cost less; govt reduces excise duty on both by Rs 2/L

Petrol and Diesel have become cheaper from midnight last night as the government reduced the basic excise duty on both by two rupees per litre. The decision has been taken to cushion the impact of rising international prices of crude oil and retail prices of petrol and diesel. Fuel prices have start...

October 4, 2017 8:20 PM

Sensex up by 174 points

The Sensex at the Bombay Stock Exchange gained 174 points, or 0.6 percent, to close at 31,672, after the Reserve Bank's monetary policy review, on Wednesday. The Nifty at the National Stock Exchange rose 55 points, to 9,915.

October 4, 2017 8:19 PM

Rupee strengthens 49 paise against dollar

At the forex market, the rupee strengthened a hefty 49 paise, to 65.01 against the dollar. The rupee rose as investors took a bullish view of the economy, and amid dollar weakness overseas.

October 4, 2017 8:17 PM

RBI keeps interest rates unchanged; lowers growth forecast to 6.7 %

Reserve Bank on Wednesday kept interest rate unchanged as was widely expected in view of upward trend in inflation even as it cut the growth forecast to 6.7 per cent for the current fiscal. Consequently, the repo rate, at which it lends to banks, will stand at 6 per cent. The reverse repo, at which ...

October 4, 2017 8:01 PM

Sensex up by 174 points<br/>

The Sensex at the Bombay Stock Exchange gained 174 points, or 0.6 percent, to close at 31,672, after the Reserve Bank&apos;s monetary policy review, on Wednesday. The Nifty at the National Stock Exchange rose 55 points, to 9,915.State more

October 4, 2017 5:19 PM

Reserve Bank keeps interest rate unchanged

Reserve Bank on Wednesday kept interest rate unchanged as was widely expected in view of upward trend in inflation even as it cut the growth forecast to 6.7 per cent for the current fiscal. Consequently, the repo rate, at which it lends to banks, will stand at 6 per cent. The reverse repo, at which ...

October 4, 2017 4:31 PM

RBI keeps repo rate unchanged at 6 percent

Maintaining a neutral stance, the Reserve Bank of India on Wednesday in its fourth bi-monthly policy decision maintained a status quo by keeping the repo rate unchanged at 6.0 percent under the liquidity adjustment facility. Consequently, the reverse repo rate under the LAF remains at 5.75 per cent,...

October 4, 2017 4:30 PM

India's renewable energy capacity to double by 2022: IEA<br/>

India&apos;s renewable energy capacity will more than double by 2022, which would be enough to surpass renewable expansion in the European Union for the first time, International Energy Agency (IEA) said in a report.The country&apos;s renewable energy installed capacity is 58.30 GW as per th...

October 4, 2017 2:01 PM

Petrol, diesel to cost less; government reduces excise duty on both by Rs 2/L

Petrol and Diesel have become cheaper from midnight last night as the government reduced the basic excise duty on both by two rupees per litre. The decision has been taken to cushion the impact of rising international prices of crude oil and retail prices of petrol and diesel. Fuel prices have start...

October 4, 2017 1:09 PM

India's coffee output pegged at record 3.5 lakh tons in 2017-18

Coffee output in India, is pegged to be a record 3.50 lakh tonnes in the 2017-18 marketing year started this month on higher acreage. According to the Coffee Board, the final output stood lower by 10.34 percent at 3.12 lakh tonnes in 2016-17 marketing year from 3.48 lakh tonnes in the previous year....

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