RBI restores LAF, introduces SDF
Apr 09, 2022, at 04:24 pm
Mumbai: The RBI introduced as introduced the Standing Deposit Facility or SDF at 3.75 percent as part of its liquidity management and normalisation of the Liquidity Adjustment Facility (LAF).
Abu Dhabi-based IHC to invest $2 billion in 3 Adani companies
Apr 09, 2022, at 07:50 am
Mumbai: Abu Dhabi’s International Holding Company PJSC (IHC) will invest $2 billion as primary capital in three Adani portfolio companies.
Despite Covid-19, turbulent geopolitical situation, India's exports remain robust: RBI
Apr 09, 2022, at 06:13 am
Mumbai: Despite the turbulent geopolitical situation and the recent spike in global oil and commodity prices, demand for the country's exports and key commodities remained strong, observed Shaktikanta Das, Governor, Reserve Bank of India.
RBI to take 'calibrated and nuanced' approach towards CBDC
Apr 09, 2022, at 03:25 am
Mumbai: The Reserve Bank of India (RBI) is all set to start testing and running pilot projects of Central Bank Digital Currency (CBDC) after legislative enablement by the Centre, RBI Deputy Governor T. Rabi Shankar said in a post monetary policy committee press conference.
Experts laud RBI's move to address inflationary pressures while balancing growth
Apr 08, 2022, at 11:32 pm
Mumbai: The Reserve Bank of India (RBI) on Friday kept the benchmark interest rate unchanged at four percent for the 11th time in a row as it continues to maintain its accommodative stance in the backdrop of rising inflation.
ITC moves up 4.36 pc to Rs 267.80
Apr 08, 2022, at 11:18 pm
Mumbai: ITC on Friday rallied 4.36 pc to reach Rs 267.80, a major gainer in 30 scrips of BSE.
Indian Market: Sensex-Nifty moves up 412.23 points
Apr 08, 2022, at 10:02 pm
Mumbai/UNI: Snapping the losing streak of last two sessions, the BSE Sensex on Friday rallied 412.23 pts to close at 59,447.18 following gains in Metal, Power, Oil and Gas and Utilities stocks.
RBI's focus shifts to inflation from economic growth amid geopolitical crisis
Apr 08, 2022, at 09:14 pm
Mumbai: Taking note of the risks due to rising inflation amid global geopolitical incidents, after a period of two years, the RBI is prioritizing inflation over economic growth.
RBI maintains status quo, keeps repo rate unchanged at 4 percent
Apr 08, 2022, at 04:41 pm
Mumbai/UNI: The Reserve Bank of India (RBI) on Friday kept the benchmark interest rate unchanged at four percent for the 11th time in a row as it continues to maintain its accommodative stance in the backdrop of rising inflation.
Indian Market: Sensex up over 200 points
Apr 08, 2022, at 03:42 pm
Mumbai: The BSE Sensex on Friday gained 222 points to open at 59,256.97 ahead of RBI's Monetary Police on Friday.
Pakistan: State Bank reserves drop to lowest level since June 2020
Apr 08, 2022, at 02:01 pm
Islamabad: Pakistan's foreign exchange reserve which is held by the State Bank of Pakistan (SBP) moved down by 6.04 percent on a weekly basis, media reports said on Friday.
Petrol, diesel prices remain unchanged
Apr 08, 2022, at 01:26 pm
New Delhi: Petrol and diesel prices remained unchanged for the second consecutive day on Friday.
Sugar prices to go up as demand from bulk buyers rise
Apr 08, 2022, at 07:43 am
New Delhi/IBNS: Sugar Prices in India are likely to shoot up due to bulk demand triggered by increased consumption of ice cream, cold drinks, sweets after two years of lull caused by the Covid-19 pandemic restrictions.
Govt exploring all ways to buy crude oil at affordable rates, says Finance Ministry
Apr 08, 2022, at 06:45 am
New Delhi: The Centre is trying to find out "all viable options" to buy crude oil at affordable rates, the finance ministry said on Thursday.
Edtech company Unacademy lays off 10 pc of its employees: Report
Apr 08, 2022, at 05:55 am
Bengaluru/IBNS: Edtech company Unacademy has handed pink slips to 600 of its employees, equivalent to 10 percent of its workforce in a move to cut costs ahead of potential lowering of funding, media reports said.
RBI announces guidelines on Digital Banking Units
Apr 08, 2022, at 04:09 am
Mumbai/IBNS: The Reserve Bank of India (RBI) Thursday released guidelines for banks to launch digital banking units (DBUs).
Tata's super app Tata Neu goes live
Apr 08, 2022, at 02:47 am
Mumbai/IBNS: Tata Digital unveiled its much-anticipated super-app Tata Neu, today. The super-app from the group seamlessly blends product commerce, service commerce and financial services into a consumer-first, future-ready, integrated experience.
Apr 08, 2022, at 12:03 am
New Delhi/IBNS: The Ministry of Road Transport and Highways has issued a notification amending Central Motor Vehicle Rules, 1989, making it mandatory for transport vehicles to get a fitness certificate only through a registered Automated Testing Station (ATS).
Tata Motors bags order of 1,300 commercial vehicles from VRL Logistics Limited
Apr 07, 2022, at 07:55 pm
Kolkata/UNI: Tata Motors, India's largest commercial vehicle manufacturer, has bagged an order of 1300 commercial vehicles from VRL Logistics Limited, a leader in surface logistics in India, to expand VRL Logistics' commercial vehicle fleet portfolio in the country.
JSW Energy starts operations at 225 MW solar project
Apr 07, 2022, at 07:52 pm
Mumbai/UNI: Sanjay Jindal led JSW Energy on Thursday said its subsidiary JSW Renewable Energy (Vijayanagar) has commenced operations at the 225 MW solar plant in Karnataka.
Apr 07, 2022, at 07:48 pm
New Delhi/UNI: Petrol and diesel prices remained unchanged on Thursday.
Bureau of Indian Standards grants 630 licenses to MSME toy manufacturers
Apr 07, 2022, at 04:03 pm
New Delhi: the Bureau of Indian Standards (BIS) has granted 630 licenses to MSME toy manufacturers as of 28.03.2022, Union Minister of State for Consumer Affairs Ashwini Kumar Choubey told Lok Sabha on Tuesday in a written reply.
98 pc of the Indian population is covered by 4G network
Apr 07, 2022, at 02:47 pm
New Delhi: Nearly 98 percent of the Indian population is covered by 4G network with mobile networks serving more than 115 crore subscribers (as of 31.12.2021).
Apr 07, 2022, at 02:31 pm
New Delhi: India produced electronic goods worth Rs 5,54,461 crore in 2020-21 while electronic goods worth Rs 81,948 crore were exported during the period, Minister of State for Electronics & IT Rajeev Chandrasekhar told Lok Sabha Wednesday.
Indian Rupee down 44 paise against USD
Apr 06, 2022, at 11:17 pm
New Delhi: The Rupee on Wednesday tumbled down 44 paise to close at 75.75 against the greenback on rising demand for US Dollar by bankers and importers, dealers at the Foreign Exchange said.
India’s Agriculture Exports touch a historic high of USD 50 billion
Apr 06, 2022, at 11:01 pm
New Delhi: Exports of agricultural products (including marine and plantation products) for the year 2021-22 have crossed USD 50 billion, highest level ever achieved for agriculture exports, as per data released by the Indian government.
HDFC Bank drops 3.51 pc to Rs 1550.80
Apr 06, 2022, at 10:55 pm
Mumbai: HDFC Bank on Wednesday slipped 3.51 pc to close at Rs 1550.80, a major loser in 30 scrips of BSE.
Indian Market: Sensex drops 566.09 pts
Apr 06, 2022, at 10:53 pm
Mumbai: The BSE Sensex on Wednesday slid by 566.09 pts to close at 59,610.41 on heavy selling in IT, Technology, Bsnkex and Finance stocks.
US blocks Russia's access to dollars, increasing risk of default: Report
Apr 06, 2022, at 09:17 pm
The United States has started blocking Russia from making debt payments using dollars held in U.S. banks, media reports said.
Apr 06, 2022, at 06:43 pm
New Delhi: The semiconductor manufacturing programme has attracted interest from global companies as a good number of applications have been received, Union Minister for Electronics & Information Technology (MeitY) Ashwini Vaishnaw has said.