Concerned over the non-stop slide in the equity markets and the massive erosion in market capitalisation, the government has called for a crucial meeting at 4 p.m. on Friday with Foreign Portfolio Investor Representatives in North Block. It is believed that Department of Economic Affairs (DEA) Secretary Atanu...
The key Indian equity indices opened on a positive note on Friday with the BSE Sensex trading over 260 points. The gains were led by healthy buying in banking and auto stocks. Rise in the global markets also supported the global sentiments....
Eyeing 20 million foreign tourists by 2020, the Union Tourism Ministry is out to actively woo foreign footfalls at major tourist destinations -- with new foreign language signage, plans to shorten the e-visa application form and slash the visa fees. The ministry is planning to put up sign boards in at least ...
The Punjab National Bank (PNB) has recovered Rs 278.66 crore as penalty in the financial year 2018-19 from the poor account holders for not maintaining the minimum balance....
The Reserve Bank of India on Wednesday broke-away from convention to reduce key lending rates by 35 basis points to 5.40 per cent. Historically, the central bank has been either reducing or increasing rates in the multiples of 25 basis points....
Sensex and Nifty mostly stayed on usual course post Reserve Bank of India's (RBI) fourth consecutive rate cut on Wednesday amid a massive slowdown in the Indian economy. The RBI on expected lines slashed the policy rates, but by an unconventional 35 basis point as against 25 basis points from 5.75 per cent to 5.40 per cent. ...
Weak domestic and demand conditions led the Reserve Bank of India on Wednesday to cut its economic forecast to 6.9 per cent for 2019-20. The RBI's monetary policy committee (MPC) in its third policy review of the current fiscal reduced the growth rate to 6.9 per cent from 7 per cent in...
To shore up slackening growth, the Reserve Bank of India on Wednesday reduced key lending rates for the fourth consecutive time. Accordingly, the the RBI's monetary policy committee (MPC) in its third policy review of the current fiscal reduced the repo, or short term lending rate for...
Sensex and Nifty on Wednesday traded on a flat note ahead of the Reserve Bank of India (RBI) policy rates announcement later in the day. The RBI is widely expected to go for a 25 basis points rate cut amid a widespread slowdown in the Indian economy. Except for metal stocks most other...
The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note but soon entered the negative zone. The Sensex of the BSE opened at 37,025.27 and touched a high of 37,037.60 and a low of 36,916.68. It is trading at 36,908.08 down by 68.77 points or 0.19 per ...
