Sensex, Nifty fall as lenders drag after $1.77 billion bank fraud
19 February 2018 Indian shares ended lower on Monday, with sentiment hurt as state-run lenders extended losses over worries about a $1.77 billion fraud disclosed by Punjab National Bank last week that has a bearing on some other banks. The benchmark BSE Sensex closed down 0.69 percent at 33,774.66. The broader NSE Nifty ended 0.71 […]
Oil hits highest in nearly two weeks on Asian equity recovery
TOKYO – Oil prices extended gains to hit their highest level in nearly two weeks on Monday, buoyed as Asian shares joined a global recovery in equity markets and as worries grew over tensions in the Middle East. Prime Minister Benjamin Netanyahu said on Sunday that Israel could act against Iran itself, not just its […]
DoT to unveil 5G roadmap by June: Telecom Secretary
New Delhi, Feb 16 Telecom Secretary Aruna Sundararajan on Friday said the Department of Telecommunications (DoT) will unveil the roadmap for 5G or fifth-generation by the end of June. “The DoT has received good inputs on 5G in the new telecom policy or NTP 2018 which is yet to be unveiled. The draft of […]
SBI launches Global NRI Centre in Kochi
Kochi, Feb 16 :The State Bank of India, which has a strong NRI customer base of over 33 lakh, on Friday launched its Global NRI Centre (GNC) here. The GNC will be a one-stop customer service centre for all Non-Resident Indian (NRI) banking related services. To enhance the service experience of NRIs, the bank also […]
PNB fraud: Finmin asks banks to submit status report soon
February 14, 2018 Concerned over fraud of over Rs 11,300 crore at Punjab National Bank, the finance ministry has asked all banks to send reports involving this case or other such incidents latest by the end of this week. Earlier in the day, PNB disclosed some fraudulent transactions with financial implication of USD 1.77 billion […]
RBI Governor Says Stock Market Bubble Won’t Cause A Major Problem
10 February 2018 RBI Governor Urjit Patel today said the stock market bubble should not “lead to a very major problem” even has he stressed on the need for the regulators to be cognisant of the risks going forward. “There has already been a correction not only globally but in India and therefore in […]
RBI, SEBI need to take cognisance of market volatility: Urjit Patel
New Delhi, Feb 10 : Reserve Bank of India (RBI) Governor Urjit Patel on Saturday said the apex bank and the market regulator Securities and Exchange Board of India (SEBI) need to be cognisant of the equity market volatility for risk assessement. “In the last few days, there has already been a correction, not only […]
Gold plunges by Rs 600 to below Rs 31,000 level
Feb 8, 2018, Gold prices today tumbled by Rs 600 to hit almost three-week low of Rs 30,950 per 10 grams in the local market here today due to weak global advices. Fall in demand from local jewellers too kept pressure on the precious metal. Silver cracked below the Rs 39,000-mark by falling Rs 450 […]
Global mkt meltdown, LTCG bleed Sensex; down 561 points
February 06, 2018 The market continued to crumble during closing trade, as the indices saw a significant dip on Tuesday evening.The Sensex plunged by 561.22 points to 34,195.94, while Nifty saw a 168.30-point dip to 10,498.25. Shares of Lupin and Tata Motors incurred maxiumum losses among Nifty stocks, falling more than five percent. Meanwhile, market […]
RBI likely to hold interest rate at monetary policy review
Mumbai, Feb 5 : With the annual retail inflation rate breaching the five per cent mark in December and going over the RBI’s median level of four per cent, the central bank is widely expected of keep its key interest rate on hold for the fourth time in succession at its final bi-monthly monetary policy […]
