Business

August 18, 2016 12:23 PM

BSE Sensex climbs over 145 points in late morning trade

At the Bombay Stock Exchange ,Sensex climbs over 145 points in late morning trade. It was trading at 28,151 a short while ago. Similarly at the National Stock Exchange Nifty also moved to 52 points to 8,676.

August 18, 2016 10:12 AM

Rupee slips 10 paise at 66.86 agianst US dollar in early trade

Rupee was trading lower by 10 paise at 66.86 against the US dollar in early trade at the Interbank Foreign Exchange today. On Tuesday, the rupee had gained 13 paise to close at 66.76 a dollar as fresh selling of the US currency by exporters and banks helped it snap the two-day fall.Meanwhile, the BS...

August 17, 2016 7:34 PM

Individual bankers should take onus for loan sanctions: RBI Governor

Reserve Bank Governor Raghuram Rajan on Tuesday said there is a need to shift loan sanctioning process from the present committee-based approach to single banker taking up the responsibility. He also suggested for rewarding the person if the project goes on well.Addressing the annual bankers confere...

August 16, 2016 10:05 PM

Gold up by Rs 55 to Rs 31,130 per ten grams

Gold gained 55 rupees, to 31,130 rupees per ten grams at Delhi's bullion market, today, on increased buying by jewelers, amid a firm trend overseas. Silver jumped 500 rupees, to 47,000 rupees per kilo, on increased offtake from coin makers and other consuming industries. Silver coins remain...

August 16, 2016 9:51 PM

S S Mundra calls for increasing credit absorption capacity of farm sector

Reserve Bank Deputy Governor S S Mundra today called for increasing the credit absorption capacity of the farm sector to make agriculture-lending more sustainable. Speaking to reporters in an event in Mumbai today, Mr. Mundra said that every year, the government sets a direct agri-lending target for...

August 16, 2016 9:21 PM

Govt to further import pulses to strengthen buffer stock

Government has decided to import further 40 thousand tonnes Chana and 80 thousand tonnes Masoor to strengthen buffer stock. An Inter Ministerial Committee on prices reviewed availability and prices of essential commodities specially pulses at its meeting in New Delhi today. It also reviewed the proc...

August 16, 2016 8:47 PM

Wholesale inflation rises to 3.55 per cent in July

Wholesale inflation rose to a 23-month high of 3.55 per cent in July this year, as vegetables, pulses and sugar became costlier. Wholesale price-based inflation had stood at 1.62 per cent in June this year, and at minus 4 per cent in July last year.According to Commerce Ministry data, wholesale infl...

August 16, 2016 4:52 PM

Gold up by Rs 55 to Rs 31,130 per ten grams

Gold gained 55 rupees, to 31,130 rupees per ten grams at Delhi's bullion market, today, on increased buying by jewelers, amid a firm trend overseas. Silver jumped 500 rupees, to 47,000 rupees per kilo, on increased offtake from coin makers and other consuming industries. Silver coins remain...

August 16, 2016 4:52 PM

India's wholesale inflation rate rises to 3.55%

Wholesale inflation rose to a 23-month high of 3.55 per cent in July this year, as vegetables, pulses and sugar became costlier. Wholesale price-based inflation had stood at 1.62 per cent in June this year, and at minus 4 per cent in July last year.According to Commerce Ministry data, wholesale infl...

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