Sensex gains over 100 points amidst global market rally

The domestic stock markets gained some ground, today, amid a global market rally, as bargain hunting overcame still widespread uncertainty over Britain's vote to leave the European Union. The Sensex at the Bombay Stock Exchange climbed 122 points, or 0.5 percent, to close at 26,525. The Nif...

India's financial system remains stable despite some challenges: RBI

The Reserve Bank today said that India's financial system remains stable despite some challenges in the banking sector, global uncertainties and transiting geopolitical risks. RBI's June 2016 Financial Stability Report states that India stands out in terms of growth and investment ...

Sterling falls and bank, airline and property shares tumble

UK financial markets remain volatile in the wake of the Brexit vote, with sterling plunging to a 31-year low against the dollar, and some share trading temporarily halted. Yields on 10-year government bonds sank below one per cent for the first time. Shares in airlines, housebuilders and banks were ...

Sujoy Bose appointed CEO of NIIF

Centre has appointed Mr. Sujoy Bose, Director and Global Co-Head, Infrastructure and Natural Resources, International Finance Corporation, Washington, as the Chief Executive Officer of National Investment and Infrastructure Fund (NIIF) Ltd. A Finance Ministry press release said in New Delhi this eve...

India's holding of US securities jumps to new high of over $121 bn in April

Touching a new high, India's holding of American government securities jumped to over 121 billion US Dollars in April amid uncertain global economic cues. Latest data from the US Treasury Department shows that India's holding has reached 121.6 billion dollars. This also marks a ste...

Finance Ministry says it will notify MPC rules within few weeks

The Finance Ministry has said it will notify the Monetary Policy Committee, MPC rules within few weeks and thereafter appoint three government nominees. During an interview to PTI, Economic Affairs Secretary Shaktikanta Das said, they are already working on the rules. He was replying about the progr...

India owns $121.6 bn worth US govt securities

Touching a new high, India's holding of American government securities jumped to over 121 billion US Dollars in April amid uncertain global economic cues. Latest data from the US Treasury Department shows that India's holding has reached 121.6 billion dollars. This also marks a ste...

Indian economy able to face eventuality of Britain's exit from EU: Govt

Indian economy able to face eventuality of Britain's exit from EU: Govt

Ratings agency Moody's has said Britain's creditworthiness was now at greater risk after voting to leave the European Union, as the country would face substantial challenges to successfully negotiate its exit from the bloc. Moody's assigned a negative outlook to its &a...