IBBI notifies three sets of regulations under Bankruptcy Code

Advocates, chartered accountants company secretaries and cost accountants can serve as insolvency professionals subject to certain conditions, besides certain classes of not-for-profit companies that can act as insolvency professional agencies. Regulations have been notified in this regard, under th...

West Bengal: Recalibration of ATMs to take 10 more days

RBI asks banks to ensure adequate cash supply to cooperative, rural Banks

Dispelling rumours of fake 10 rupees coin in circulation, RBI has asked people not to give credence to such canards and continue to accept these coins as legal tender in all their transactions without any hesitation.In a statement RBI said, it has advised members of the public not to give credence t...

Rupee weakens by 19 paise to a near 9-month low

At the forex market, the rupee continued its fall, and had slumped to a nearly 9-month low, depreciating 19 paise, to 68.44 against the dollar in afternoon trade. The rupee fell on heavy dollar demand from importers, continued foreign fund outflows, and a stronger dollar in the overseas markets.At t...

Dow Jones surpasses 19,000 for the first time

On Wall Street, the Dow Jones industrial average surpassed 19,000 for the first time, yesterday, as a post-election rally drove indexes further. So the Dow Jones Industrial Average climbed 67 points, or 0.4 percent, to close at a fresh record high of 19,024.The Standard & Poor's 500...

RBI asks banks to ensure adequate cash supply to cooperative, rural Banks

The Reserve Bank of India has asked banks to ensure adequate cash supply to cooperative banks and Regional Rural Banks so that farmers can have enough valid notes needed for purchase of seeds, fertiliser and other inputs during the on-going rabi season. In a notification issued in Mumbai last evenin...

RBI asks banks to ensure adequate cash supply to cooperative, rural Banks

The Reserve Bank of India has asked banks to ensure adequate cash supply to cooperative banks and Regional Rural Banks so that farmers can have enough valid notes needed for purchase of seeds, fertiliser and other inputs during the on-going rabi season. In a notification issued in Mumbai last evenin...

Crude oil prices hit highest this month

Global crude oil prices rose to their highest this month, today, as a growing consensus emerged in the market that OPEC will overcome internal disputes to strike a deal that materially reduces crude output.So Brent crude oil futures rose 85 cents, to 49.75 dollars a barrel. U.S. crude was up 68 cent...

Asian & European markets rise by record high closing on Wall Street

Asian and European markets rose, today, lifted by the record high closing on Wall Street, overnight and as oil prices hit their highest level since October.Japan's Nikkei 225 index rose 0.3 percent; China's Shanghai Composite index advanced one percent; Hong Kong's Hang Se...

No USSD charges for Mobile Banking till Dec 31

Telecom operators have decided to waive off charges for Mobile Banking services till 31st of next month to facilitate use of electronic banking facility and reduce difficulty to the common man.In a series of tweets, Telecom Minister Manoj Sinha said, it will help people with smart phones to access e...