RBI keeps Repo rate, CRR, SLR unchanged in bi- monthly review

RBI keeps Repo rate, CRR, SLR unchanged in bi- monthly review

Reserve Bank of India governor, Raghuram Rajan today kept policy rates unchanged. The repo rate, or the RBI's short-term lending rate, has been left unchanged at 7.5 per cent, and the Cash Reserve Ratio has been left steady at 4 per cent. The RBI governor said, in his first bi-monthly polic...

RBI keeps Repo rate, CRR, SLR unchanged in bi- monthly review

Reserve Bank of India governor, Raghuram Rajan today kept policy rates unchanged. The repo rate, or the RBI's short-term lending rate, has been left unchanged at 7.5 per cent, and the Cash Reserve Ratio has been left steady at 4 per cent. The RBI governor said, in his first bi-monthly polic...

RBI monetary policy review today

The Reserve Bank of India, RBI will announce its first bi-monthly monetary policy review of the current fiscal today. All eyes will be towards the announcement of RBI Governor Raghuram Rajan about the key rates and cash reserve ratio in the backdrop of unseasonal rain and global geopolitical tension...

Sensex surges 244 points to close at 28,504; Rupee appreciates 30 paise against dollar

The Sensex at the Bombay Stock Exchange surged 244 points, or 0.9 percent, to close at 28,504, ahead of the Reserve Bank's monetary policy review. The Nifty at the National Stock Exchange gained 74 points, to 8,660. The rupee appreciated 30 paise, to 62.19 against the dollar, on dollar sell...

India not so vulnerable to consider every tax demand as tax terrorism: Jaitley

Finance Minister Arun Jaitley today said, India is not so vulnerable that every legitimate tax demand is considered as tax terrorism. His remarks came at a time when the tax authorities issued notices to about 100 Foreign Portfolio Investors, FIIs with a demand to pay around 60,000 crore Rupees as M...

Tax demands slapped on 100 foreign funds; Total bill may hit $10-bn

In the biggest-ever tax demand slapped on them, nearly 100 foreign funds have been asked to cough up an estimated USD 5-6 billion for untaxed gains made by them in the Indian markets over the past years. Sources said, the number of affected investors can rise substantially as assessments are still i...

Foreign fund inflows hit record Rs 2.7 lakh cr in FY'15

The cumulative net investments by foreign investors have gone past the 11 lakh crore rupees mark, with around 2.7 lakh crore rupees being infused into the Indian capital markets during the last financial year alone. As per the latest data with the Central Depository Services, foreign investors made ...

Amul turnover up by 14% in FY15

Dairy major, Gujarat Co-operative Milk Marketing Federation, which sells milk and other dairy products under the Amul brand, has reported a 14 per cent year-on-year rise in its turnover, at Rs. 20,730 crore for the 2014-15 fiscal.Growth in its consumer products segment was 21 percent.The cooperative...

IFFCO posts 18.5 % increase in its turnover in 2014-15

The country's largest fertiliser cooperative, IFFCO has posted an 18.5 per cent increase in its turnover, at Rs. 24,700 crore in 2014-15, buoyed by higher sales of soil nutrients. Fertiliser sales increased to 111 lakh tonnes in the 2014-15 fiscal, from 96 lakh tonnes in the previous fiscal...