Chinese shares recover early losses amid volatile swings

Mainland Chinese shares recovered early losses amid volatile swings, following Monday's suspension of trading, which led to a global equities sell-off. The Shanghai Composite was down 0.4 per cent at 3,321.87 after opening more than 3 per cent lower, while the Hang Seng also changed directi...

RBI imposes Rs 1 cr fine on State Bank of Travancore<br/>

Reserve Bank has imposed a penalty of one crore rupees on an SBI associate bank, State Bank of Travancore, for violation of some of its instructions. RBI said, the monetary penalty has been imposed for violation of its instructions including reporting of data to Central Repository of Information on ...

RBI wants to connect better, issues Master Directions

Reserve Bank has started the process of issuing &apos;Master Directions&apos; on various regulatory issues in its bid to simplify the communication process. To begin with, it issued 17 such comprehensive directions covering foreign exchange transactions. Master Directions on foreign exchange...

RBI imposes Rs 1 cr fine on State Bank of Travancore<br/>

Reserve Bank has imposed a penalty of one crore rupees on an SBI associate bank, State Bank of Travancore, for violation of some of its instructions. RBI said, the monetary penalty has been imposed for violation of its instructions including reporting of data to Central Repository of Information on ...

Wall Street continues to hit global share markets

Wall Street continued the rout on global share markets, with the Dow Jones, S&amp;P 500 closing down more than 1.5 per cent and Nasdaq down 2 per cent. It followed sharp falls in China, where trading on the main stock markets was halted early after indexes tumbled 7 per cent. A survey indicating...

Govt hikes excise duty on petrol by 37 paise, diesel by Rs 2<br/>

Government on Saturday hiked excise duty on petrol by 37 paise per litre and by Rs. 2 a litre on diesel. This is the second increase in duties in just over two weeks. However, there will be no increase in retail selling price of petrol and diesel.Revenue Secretary Hasmukh Adhia tweeted that the incr...

Govt hikes excise duty on petrol by 37 paise, diesel by Rs 2<br/>

Government on Saturday hiked excise duty on petrol by 37 paise per litre and by Rs. 2 a litre on diesel. This is the second increase in duties in just over two weeks. However, there will be no increase in retail selling price of petrol and diesel.Revenue Secretary Hasmukh Adhia tweeted that the incr...

Sensex trades in red in afternoon deals; Rs depreciates 5 paise against dollar

The stock markets opened the first day&apos;s trading in 2016 on a somewhat volatile note, with the Sensex at the Bombay Stock Exchange swinging between losses and gains, and dropping 64 points, to 26,053 a short while ago. Similarly, the Nifty at the National Stock Exchange had declined 22 poin...

Nai Manzil: India signs financing deal with World Bank for $50mn for minority education

Core sector output contracts by 1.3% in November

The index of eight core industries contracted by 1.3 per cent in November as against 8.5 per cent growth in the same month last year. According to the data released by the Ministry of Commerce and Industry, the decline in the growth was mainly due to low growth witnessed in the production of crude o...