Sensex plunges 324 points; Rupee falls 27 Paise to 2 year low against dollar

Stock markets fell across the globe. At the domestic stock markets, the Sensex at the Bombay Stock Exchange plunged 324 points, to close at 27,608. The Nifty at the National Stock Exchange slumped 122 points, to 8,373. The Chinese stock market tumbled 3.4 percent, on growth concerns, while key bours...

Govt to ensure reasonable GST rate: FinMin

Government is trying to keep proposed GST rate as reasonable as possible to ensure success of the new indirect tax regime and better growth of the economy. Revenue Secretary Shaktikanta Das said this at a function in New Delhi today. He also said the effort of the government is to ensure a tax-payer...

Rate cuts: Rajan says watching monsoon impact on inflation

Amid persistent calls from the government and the industry to cut interest rates, RBI Governor Dr. Raghuram Rajan today said the central bank is keeping a watch on monsoon and global factors to assess their impact on inflation. Addressing the SBI Banking and Economics Conclave in Mumbai, Dr. Rajan s...

Sensex plunges 324 points to closes at 27,608

Stock markets fell across the globe, today. At the domestic stock markets, the Sensex at the Bombay Stock Exchange plunged 324 points, to close at 27,608. The Nifty at the National Stock Exchange slumped 122 points, to 8,373. The Chinese stock market tumbled 3.4 percent, on growth concerns, while ke...

Govt working on various fronts to push up exports: Comm Secy

Commerce Secretary Rita Teaotia has said that the government is working on a multi-pronged strategy to enhance exports competitiveness and address infrastructural bottleneck. Talking to a news agency in New Delhi, Mrs Teaotia said the ministry is focusing on exports sectors with a huge potential suc...

Sensex plunges 324 points to closes at 27,608

At the stock markets, the Sensex at the Bombay Stock Exchange plunged 324 points, to close at 27,608. The Nifty at the National Stock Exchange slumped 122 points, to 8,373.Key Asian stock markets slumped, today, pressured by lower oil prices and a slowdown in China and as the latest Fed minutes rais...

US crude oil futures slips to new 6-1/2-year low

U.S. crude oil futures slipped to a new 6-1/2-year low of 40.21 dollars a barrel, today, before moving up slightly to 40.30 dollars a barrel. Brent crude oil was down 75 cents, at 46.41 dollars a barrel. Oil has lost a third of its value since June on record crude pumping in West Asia, and concern a...

Reduction in property prices a big help to the sector: RBI Governor

Reserve Bank Governor Raghuram Rajan on Thursday made a case for reduction in property prices given the high inventory of unsold flats across the country.Dr. Rajan while speaking at the State Bank of India conclave in Mumbai said if the real estate developers, who are sitting on unsold stocks, start...

Indian economy showing signs of improvement: RBI Governor

RBI grants approval to 11 applicants to set up payments bank

In a major step, the Reserve Bank of India (RBI) has granted in-principle approval to 11 payment bank applicants under the Guidelines for Licensing of Payments Banks.A payment bank differs from conventional banks as it cannot lend to its customers. It is allowed to take deposits, allow remittances a...