Key Asian markets post good gains

Most key Asian markets posted good gains, today. China's Shanghai Composite index zoomed 4.9 percent as signs of fresh support from Beijing prompted more bargain hunting. China's authorities said that pension funds managed by China's local governments will start investing ...

Oil down 1% after after strong gains as equities rally

Global crude oil prices steadied, today, after rebounding from six-and-a-half-year lows on recovering equities markets, strong U.S. economic growth, and news of low crude supplies from Nigeria. Brent was down 15 cents, at 47.41 dollars a barrel. U.S. crude was unchanged, at 42.56 dollars a barrel. Y...

RBI asks banks to examine authenticity of banknotes through machines

In an effort to minimise the circulation of fake currency; RBI has asked banks to examine the authenticity of banknotes tendered over the counter through machines. In case, it is detected as a fake, the banknote should be stamped as "counterfeit note" and impounded and the entry be...

RBI to remain focused on bringing down inflation says Governor Raghuram Rajan

Stability of Indian economy, still a "work in progress": RBI Governor

RBI governor Dr. Raghuram Rajan has said that despite immense efforts by the government and the apex bank; the stability of Indian economy is still a "work in progress". In an overview to the RBI's Annual Report 2014-15 that was released on Thursday, Dr. Rajan said that ec...

Sensex soars 517 points amid global market rally

Stock markets rallied across the globe, today. At the domestic bourses, the Sensex at the Bombay Stock Exchange spurted 517 points, to close at 26,231. The Nifty at the National Stock Exchange surged 157 points, to 7,949.Other key Asian markets also posted good gains, with the Chinese market zooming...

Gold down by Rs 380 to Rs 26,650 per ten grams

Gold fell for the third straight day, losing 380 rupees, to 26,650 rupees per ten grams at Delhi's bullion market, on slack demand from jewelers, and negative global cues. Silver slumped 770 rupees, to 34,200 rupees per kilo, on poor offtake by industrial units and coin-makers. Silver coins...

Global crude oil prices jumps more than 4 % as equities rally

Global crude oil prices jumped more than 4 percent, after a rally in equity markets and an unexpected fall in U.S. crude inventories. But worries over the health of the Chinese economy and a global oil glut kept the outlook uncertain.Brent crude oil futures was up 1.75 dollars, at 44.89 dollars a ba...

India's rating upgrade possible if reforms implemented: Moody's

Global rating agency, Moody's said it will upgrade India's rating if reforms are realised in actual policy implementation, and if the recent improvement in inflation, fiscal and current account ratios is sustained. But Moody's Investors Service added that the rating outloo...

India capable of dealing with external shocks: RBI Dy Governor