Inflation climbs to 5.76% in May on costly food items<br/>

Rising for the second month in a row, retail inflation climbed to 5.76 per in May, amid an increase in food prices. Retail inflation measured by the Consumer Price Index has been revised upwards to 5.47 percent for April this year. Retail inflation had stood at 5.01 per cent in May last year. Accord...

SEBI issues stricter KYC, disclosure norms for P-Notes

Markets regulator SEBI has put in place a stricter KYC norms and disclosure regime for Participatory Notes. The aim is to make it tougher to use these offshore instruments without disclosing the money-trail and details of their users. The measure comes after taking into account suggestions from SIT ...

Forex reserves at all-time high of $363.46 bn

Country&apos;s foreign exchange reserves has increased by 3.27 billion US Dollars to hit an all-time high of 363.46 billion US dollars in the week to June 3. According to RBI release issued in Mumbai, the reserves had earlier touched a record high of 363.12 billion US dollars in the week to Apri...

India, EFTA agree to address issues to resume FTA talks

India and the European Free Trade Association (EFTA) today agreed to resolve the outstanding issues for resumption of long-stalled negotiations for a proposed free trade agreement. A meeting between the chief negotiators of India and EFTA was held in New Delhi to take stock of the ongoing negotiatio...

Industrial production shrinks 0.8% in April this year

The country&apos;s industrial production shrank 0.8 per cent in April this year, dragged down by a poor performance of the manufacturing and capital goods sectors. Factory output, as measured by the Index of Industrial Production, IIP, had expanded 3 percent in April last year. Data released by ...

SEBI orders impounding of unlawful gains in Ruchi Soya case

Capital market regulator SEBI yesterday ordered impounding of unlawful gains of around Rs 8.3 crore from seven entities for alleged price rigging in the shares of Ruchi Soya Industries. In an interim order, the regulator directed seven entities -- Navinya Multitrade, Shreyans Credit and Capital, Bet...

Sensex falls 257 points to slip below 27,000 mark

The domestic stock markets dropped below the 27,000 mark, today, amid subdued Asian and European markets, while the rupee snapped a five session winning streak against the dollar. The Sensex at the Bombay Stock Exchange slumped 257 points, or 1 percent, to close at 26,763. The Nifty at the National ...

India, ADB sign $120 mn loan pact for irrigation in Odisha

RBI policy broadly endorses govt estimates on growth, inflation: Finance ministry

The Finance Ministry has said the RBI monetary policy is broadly in line with government&apos;s expectations on growth and inflation. In its second bi-monthly policy review for the current fiscal, RBI maintained status quo on interest rate, while pegging economic growth at 7.6 per cent and retai...

RBI keeps key policy rate unchanged

Reserve Bank of India governor Raghuram Rajan has kept key policy rates unchanged. So the RBI&apos;s short-term lending rate, or repo rate, was retained at 6.5 percent, and the Cash Reserve Ratio at 4 per cent. In the bi-monthly monetary policy, the RBI governor said data since the April policy ...