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BSE Sensex down 66 Points, Metal Stocks plunge
A benchmark index for Indian equities, the 30-scrip BSE Sensex of the Bombay Stock Exchange, closed 66 points or 0.23 percent down Monday as stocks of metal, capital goods and fast moving consumer durables (FMCG) companies plunged.
The…
Wholesale inflation drops to minus 2.06% in February
Wholesale inflation dropped to minus 2.06 per cent in February this year, as the prices of fuel products fell during the month. This is the fourth month in a row that wholesale price index-based inflation has remained in the negative zone.…
IMF appreciates RBI’s tight Monetary stance
The International Monetary Fund (IMF), ahead of its chief Christine Lagarde's two-day India visit that began on Monday, has supported the tight monetary stance of the Reserve Bank of India (RBI) and says 5-percent inflation in the country…
BSE to auction Rs.893 Crore-Worth Government Bonds
With over 99 percent of permitted investment levels for overseas investors already exhausted, the Bombay Stock Exchange (BSE) will on Monday auction investment limits for government debt securities worth Rs.893 crore.
The BSE, in a…
New Insurance Law underwrites Customer Protection
The long-delayed amendments to the insurance laws that parliament passed last week have some good features for protecting the interests of policyholders and their family members, industry experts said.
Looking at the provisions,…
India’s Foreign Exchange Reserves down $286 million
India's foreign exchange reserves decreased by $286.3 million to $337.79 billion for the week ended March 6, Reserve Bank of India (RBI) data showed. The reserves had increased by $3.88 billion to $338.07 billion for the previous week ended…
SAT quashes SEBI’s Restraint Order on DLF Ltd
In a 2:1 majority decision given on Friday, the Securities Appellate Tribunal (SAT) quashed the Indian market regulator's order restraining the capital market access on realty major DLF Ltd and its executives.
"The respondent (Securities…
Lucknow Railway Junction made Wi-Fi enabled
The Lucknow junction in Uttar Pradesh would be wi-fi enabled from Saturday, railway officials said. Passengers on the railway station will get wi-fi services free of charge for 30 minutes after which they would be charged, divisional…
BSE Sensex down 427 Points, Nifty slips below 8,700 Mark
Key equities indices in India fell again Friday as data on retail inflation, which showed a marginal increase, belied expectations of a rate cut next month, pulling down interest-sensitive sectors like banking, capital goods and automobile…
Telecom Spectrum Auction Bids cross Rs 1 Lakh Crore
The government had received commitments totalling more than Rs.100,000 crore from telecom operators as the eighth day of bidding in e-auctions of radio frequency spectrum concluded on Thursday, an official said.
The total commitments…