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Reforms, Rate Cut and Rupee Movement to propel Markets
Mumbai, Aug 16: Hopes of further economic reforms, rate cuts, range-bound commodity prices and stabilisation of the yuan and rupee are expected to propel the Indian equity markets during the upcoming week, experts said.
"Investors have…
Indian Oil Corp announces cut in Petrol, Diesel Prices
New Delhi, Aug 15: State-run Indian Oil Corp (IOC) has cut prices of petrol by Rs.1.27 a litre and of diesel by Rs. 1.17, effective Saturday, the oil marketer announced.
Calling it an Independence Day gift to consumers, IOC said: "Since…
Bank Accounts now with 70 crore Indians: Modi
New Delhi, Aug 15: Prime Minister Narendra Modi on Saturday said some 70 crore people untouched by any form of financial inclusion today had bank accounts, thanks to the scheme he announced exactly a year ago.
Addressing the nation on…
Healthy Macro-Data buoys Markets; BSE Sensex up 500 Points
Mumbai, Aug 14: Expectations of further economic reforms and healthy macro-data buoyed investors' sentiments and led a barometer index of the Indian equity markets to provisionally close over 500 points up on Friday.
The barometer…
GMR Infrastructure posts Rs.60 crore profit in 1st Quarter
Bengaluru, Aug 14: GMR Infrastructure Limited posted a cash profit of Rs.60 crore for the first quarter of fiscal 2015-16, a rise of 130 percent in profits over the corresponding quarter of fiscal 2014-15, the company said on Friday.
The…
Himachal’s 3,243 Gram Panchayats to get Broadband
Shimla, Aug 14 (IANS): Himachal Pradesh will soon connect all the 3,243 gram panchayats with broadband internet connectivity, an official said here on Friday.
For this, the government is implementing the national optical fibre network…
Reliance Capital’s standalone Q1 Net Profit up 32 Percent
Mumbai, Aug 14: Reliance Capital on Friday reported a 32.57 percent increase in its standalone net profit for the first quarter (Q1) ended June 30.
The company's net profit for the quarter under review stood at Rs.175 crore from Rs.132…
Still in Negative, India’s Inflation Rate dips to Historic Low
New Delhi, Aug 14: India's annual wholesale inflation for July fell for the ninth straight month to a historic low of (-)4.05 percent from (-)2.4 percent for the month before, led largely by a 12.8-percent decline in the index for fuels, as…
RBI to transfer Rs.66,000 crore Surplus to Government
Mumbai, Aug 14: The Reserve Bank of India (RBI) has announced that it will transfer its surplus profit of Rs.65,896 crore to the central government.
"The central board of directors of the Reserve Bank of India, at its meeting held today…
Guinness Book of World Records acknowledges ‘Pahal’ Scheme
New Delhi, Aug 14: A milestone today is that the “Pahal” scheme has been acknowledged by the Guinness Book of World Records for being the largest cash transfer program (households).
Government of India launched the `PAHAL’ Scheme in 54…