SEBI approves commodities mkt norms; to merge FMC from Sept 28

The market regulator Securities and Exchange Board of India (SEBI) today announced September 28 as the date for merger of Forward Markets Commission (FMC) with itself. In its board meeting held in Mumbai today, the SEBI also announced new norms for commodities derivatives market under which exchange...

Govt fixes Rs 1.22 lakh cr loan disbursement target under PMMY

Government has fixed a target of loan disbursement of 1 Crore 22 lakh Rupees under Pradhan Mantri MUDRA Yojana, PMMY to small business units during the current fiscal. A Finance Ministry statement said that the banking sector has been allocated an overall disbursement target of Rs 1,22,188 crore dur...

Rate cuts by RBI should not be seen as goodies: Rajan

Reserve bank of India governor Raghuram Rajan today said that rate cuts by the apex bank should not be seen as goodies. Speaking at a banking summit in Mumbai today, Rajan made it clear that rate cuts are a natural consequence (of low inflation) that RBI has no hesitancy in delivering. He added that...

Oil prices fall more than 4%; hits fresh 6-1/2-year low

Global crude oil prices fell more than 4 percent, to fresh 6-1/2-year lows, today, after Chinese stock markets suffered their biggest one-day drop since the global financial crisis, intensifying worries over the outlook for global oil demand.Brent crude oil futures dropped to 43.28 dollars a barrel-...

IOC stake sale full subscribed; govt bags Rs 9,300 crore

Despite the stock market crash, the government's 10 per cent stake sale in public sector oil refiner and marketer, Indian Oil Corporation was subscribed 1.18 times, on demand from institutional investors. At the floor price of 387 rupees a share, the sale would fetch the exchequer about 9,3...

Oil prices fall more than 4%; hits fresh 6-1/2-year low

Global crude oil prices fell more than 4 percent, to fresh 6-1/2-year lows, today, after Chinese stock markets suffered their biggest one-day drop since the global financial crisis, intensifying worries over the outlook for global oil demand. Brent crude oil futures dropped to 43.28 dollars a barrel...

Global markets tumble as China weakness spreads<br/>

Global stock markets tumbled, along with commodity markets, today, as fears spread that a severe slowdown in China would pull down global growth, denting energy and raw material consumption. China&apos;s Shanghai Composite index tumbled 8.5 percent, and also gave up all its gains for the year. J...

Central Bank has resources to deal with rupee volatility: RBI Governor

Central Bank has resources to deal with rupee volatility: RBI Governor

Central Bank will not hesitate to use forex reserves to reduce rupee volatility: RBI Governor