Business

October 29, 2016 8:37 AM

Bangladesh introduces temporary ban on catching Hilsa Fish

In Bangladesh, more than 900 fishermen have been arrested and Army deployed to patrol its waterways after introducing a temporary ban on catching Hilsa in an effort to save the hugely popular fish.Official sources said in Dhaka that anyone caught catching Hilsa faces at least a year in jail under a ...

October 29, 2016 8:31 AM

Country's Forex Reserves rises by USD 1 billion to USD 367.14 billion

Country's Forex Reserves rose by USD 1 billion to USD 367.14 billion for the week ended October 21 on the back of increase in the core currency assets. The Reserve Bank said that Foreign Currency Assets -FCAs, a major component of the overall reserves, increased by USD 1.015 billion to USD ...

October 28, 2016 2:17 PM

RBI sets rupee reference rate at 66.85 against US dollar

The Reserve Bank of India today fixed the reference rate of the rupee at 66 rupees 85 paise against the US dollar and 72 rupees 90 paise for the Euro. According to RBI, the exchange rates for the pound against the rupee were 81 rupees 29 paise based on reference rates for the dollar and cross-curren...

October 28, 2016 7:56 AM

Startups can raise USD 3 million via ECBs annually :RBI

The Reserve Bank yesterday permitted startups to raise external commercial borrowings (ECBs) of up to USD 3 million in a financial year, a move aimed at boosting innovation and promoting job creation. The RBI said while issuing norms for ECB route for startups that the borrowing should be denominate...

October 27, 2016 9:15 PM

Cabinet gives in-principle approval for strategic sale of over dozen PSUs

The Union Cabinet today gave in-principle approval to Niti Aayog's proposal for strategic sale of over a dozen public sector undertakings (PSUs). Talking to reporters after the Cabinet meeting in New Delhi, Finance Minister Arun Jaitley said the names of PSUs that are up for strategic stake...

October 27, 2016 8:46 PM

Mistry's disclosures: Aviation Ministry to look into issues

Aviation Ministry today said that it will look into all the issues pertaining to the allegations raised by erstwhile Tata Sons Chairman Cyrus Mistry on fraudulent transactions at Air Asia India.Civil Aviation Minister Ashok Gajapathi Raju told reporters that all issues would be looked into and law o...

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