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Rupee dives 43 paise as crude reclaims USD 80-mark

By   /  September 24, 2018  /  Business  /  Comments Off on Rupee dives 43 paise as crude reclaims USD 80-mark

Mumbai, Sep. 24 (PTI): The rupee struggled to make headway after a two-day climb and backtracked to end sharply lower by 43 paise to 72.63 against the US dollar after crude prices soared ahead of impending US sanctions on Iran. Reversing its recovery momentum, the rupee opened lower at 72.47 from weekend close of 72.20 […]

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Petrol crosses INR 90-mark in Mumbai, rates at all-time high across country

By   /  September 24, 2018  /  Business  /  Comments Off on Petrol crosses INR 90-mark in Mumbai, rates at all-time high across country

New Delhi, Sep. 24 (PTI): Petrol Monday crossed the INR 90-mark in Mumbai as a dip in the value of rupee and rise in international oil prices pushed rates across the country to new all-time high. Petrol prices were hiked by 11 paise per litre and diesel by 5 paise, according to price notification of […]

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Will ensure liquidity of NBFCs, MFs, SMEs — Jaitley

By   /  September 24, 2018  /  Business  /  Comments Off on Will ensure liquidity of NBFCs, MFs, SMEs — Jaitley

New Delhi, Sep. 24 (IANS): The government will take all measures to ensure adequate liquidity for non-banking financial companies (NBFCs) and mutual funds, Finance Minister Arun Jaitley said on Monday in the wake of the uncertainty created by the ongoing debt crisis in the IL&FS group. Jaitley’s assurance comes after the shares of housing finance […]

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Gold recovers on mild demand, silver gains

By   /  September 24, 2018  /  Business  /  Comments Off on Gold recovers on mild demand, silver gains

Mumbai, Sep. 24 (PTI): Gold prices recovered marginally by INR 15 to close at INR 30,705 per 10 gram at the bullion market here Monday due to mild demand from stockist and retailers. Elsewhere, silver prices surged for the second straight session, advanced by INR 160 to INR 37,195 per kg due to sustained offtake […]

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Airtel announces massive network expansion plans for UP, U’khand

By   /  September 24, 2018  /  Business  /  Comments Off on Airtel announces massive network expansion plans for UP, U’khand

Lucknow, Sep. 24 (PTI): Bharti Airtel said Monday it will roll out 17,313 new mobile sites and 6,650 km of additional optic fibre in Uttar Pradesh and Uttarakhand this fiscal under an expansion project. “As a part of its network expansion program Project LEAP, during present financial, Airtel plans to deploy more than 17,313 new […]

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‘Cheaper Pakistani imports, high tax at home hurt Indian cement industry’

By   /  September 23, 2018  /  Business  /  Comments Off on ‘Cheaper Pakistani imports, high tax at home hurt Indian cement industry’

New Delhi, Sep. 23 (IANS): Cheaper cement imports from Pakistan are hurting the domestic industry, which is already reeling under the impact of low demand and high GST, cement producers in Punjab and Kerala claim. There’s been no customs duty on cement imports from Pakistan since 2007, making it competitive in comparison to the Indian […]

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SBI reassures NBFCs on liquidity concerns

By   /  September 23, 2018  /  Business  /  Comments Off on SBI reassures NBFCs on liquidity concerns

Mumbai, Sep. 23 (IANS): The State Bank of India (SBI) on Sunday asked non-banking financial companies (NBFCs) not to worry about credit availability as it would continue to support them. SBI Chairman Rajnish Kumar gave the assurance after the shares of housing finance companies came under sudden heavy selling pressure on Friday amid crisis at […]

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Petrol rises to INR 89.97 in Mumbai, diesel up again

By   /  September 23, 2018  /  Business  /  Comments Off on Petrol rises to INR 89.97 in Mumbai, diesel up again

New Delhi, Sep. 23 (IANS): As transport fuel prices continued their upward run across the metros, petrol was selling three paise short of the psychological Rs 90 per litre mark in Mumbai at Rs 89.97 on Sunday. The price of diesel also continued to scale new highs on Sunday under India’s dynamic pricing regime, after […]

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Closely monitoring financial markets, ready to take actions, say RBI and Sebi

By   /  September 23, 2018  /  Business  /  Comments Off on Closely monitoring financial markets, ready to take actions, say RBI and Sebi

Mumbai, Sep. 23 (PTI): In a rare move, the RBI and Sebi Sunday said they are “closely monitoring” activities in the financial markets and ready to take appropriate actions, if required, following a sharp meltdown on Friday in equity and debt markets. The regulators came out with separate but identical statements amid apprehensions about steep […]

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Market Outlook: Rupee movement, F&O expiry to drive equity market next week

By   /  September 23, 2018  /  Business  /  Comments Off on Market Outlook: Rupee movement, F&O expiry to drive equity market next week

Mumbai, Sep. 23 (IANS): The domestic equity market’s movement in the coming week will be driven by the rupee’s movementas well as futures and options expiry, besides the message from the Finance Minister’s meeting with the heads of public sector banks (PSBs). Market analysts feel the indices could offer some relief in the upcoming week, […]

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