Central Board of RBI meets for 1st time in Aizawl

The Central Board of Reserve Bank of India(RBI) met for the first time in Aizawl on Thursday.Dr. Raghuram G. Rajan, Governor, RBI, chaired the meeting.The Board reviewed the current economic situation, global and domestic challenges and policy responses.Addressing a press conference in the evening, ...

Delegation of Chinese Businessmen call on PM Modi

A delegation of Chinese Businessmen led by SANY Group Chairman Liang Wengen called on Prime Minister Narendra Modi on Thursday.The delegation expressed its interest to invest in various sectors in India.

Country's exports slump 24.3 % last month

Contracting for the tenth month in a row, the country's merchandise exports plunged 24.3 per cent, year-on-year, to 21.8 billion dollars in September.Exports dropped mainly due to a sharp fall in shipments of petroleum products, iron ore, and engineering goods, amid tepid global demand.Acco...

No significant improvement in call drop issue in Mumbai, Delhi: TRAI

Telecom Regulatory Authority of India, TRAI on Thursday slammed telecom operators saying there is no significant improvement in the call drop issue in Mumbai and Delhi.It said, operators are lagging on various fronts in meeting the standards.The regulator said that in Mumbai, no operator is meeting ...

Central Board of RBI meets for 1st time in Aizawl

Diesel price hiked by 95 paise per litre

Diesel will become dearer by 95 paise per litre from midnight tonight.The change is inclusive of state levies and will vary from state to state.Diesel will now cost Rs. 45.90 in the national capital.In Kolkata price will be Rs. 49. 52, in Mumbai Rs. 53.9 and in Chennai Rs. 47.7.At the last revision ...

Volkswagen orders to recall 2.4 million cars in Germany

Volkswagen has been ordered to recall 2.4 million cars in Germany by the country's automotive watchdog as a result of the diesel emissions scandal.German media reports suggest the KBA earlier rejected Volkswagen's proposals that car owners could voluntarily bring their cars in for ...

Sensex gains over 200 points in afternoon; Rs strengthens by 20 paise against dollar

At the stock markets, the Sensex at the Bombay Stock Exchange consolidated initial gains, and had climbed 225 points, to 27,005 in afternoon trade, a short while ago. Earlier in the morning, the Sensex had added 168 points. Similarly, the Nifty at the National Stock Exchange had advanced 74 points, ...

Govt forms panel for selecting CEO for Investment Management Company

The Ministry of Finance has constituted a search-cum-selection Committee for selecting Chief Executive Officer for Investment Management Company under National Investment and Infrastructure Fund, NIIF. Secretary, Department of Economic Affairs, Shaktikanta Das will head the committee. Financial Serv...

US stocks slump at Wall Street

Stocks slumped on Wall Street, yesterday, hit by a poor forecast by the world's biggest retailer, Wal-mart, and as a key report from the Federal Reserve showed a muted picture of US economic growth. So the Dow Jones Industrial Average fell 157 points, or 1%, to close at 16,924. The Nasdaq C...