New Delhi, Dec 17 :
Former RBI Governor Raghuram Rajan has cautioned that transfer of excess reserve to the government may bring down rating of the central bank. Rating downgrade of the RBI from 'AAA' would make borrowing costlier for...
Mumbai, Dec 17 :
Extending its winning run for a fifth session, the BSE Sensex soared over 307 points to close at 36,270, driven mainly by auto, metal and banking stocks and positive global cues.
The broader NSE Nifty too jumped...
Mumbai, Dec 17:
The Indian rupee Monday recovered by 34 paise to close at 71.56 against the US dollar as forex market sentiments were driven by the country's narrowing trade deficit in November as also smart gains in domestic equities.
Besides,...
New Delhi, Dec 17 :
The government expects to complete processes for 5G spectrum auction by August and the services will be rolled out by 2020, Telecom Secretary Aruna Sundararajan said on Monday.
"Trai has given a preliminary set of recommendations,...
Mumbai, Dec 17 :
Air India's narrow-body pilots union ICPA has blamed capacity deficiency vis--vis competitors for its plunging domestic market share while seeking a long-term plan for aircraft fleet expansion at the carrier.
In a letter to Civil Aviation Minister...
Pune, Dec 17 :
The new Jawa motorcycles have so far only been seen on the Internet or other media outlets. But the bikemaker has finally inaugurated its first two dealerships in Pune at Baner and Chinchwad, called Shakti Automobiles...
New Delhi, Dec 17 :
Stocks of Vedanta on Monday climbed over 6 per cent after the NGT set aside the Tamil Nadu government order for closure of the company's copper plant at Tuticorin.
On the BSE, the stocks opened at...
Singapore, Dec 17 :
Indian government's "sustained and intense" pressure on the RBI could "undermine" the hard-fought improvements in the banking system over the past few years as well as the long-term financial stability in the country, S&P Global Ratings...
New Delhi, Dec 17 :
Gold prices fell by Rs 190 to Rs 32,000 per 10 gram at the bullion market on Monday, owing to slackened demand from local jewellers amid a weak trend overseas.
On the other hand, silver prices...
New Delhi: State-owned Indian Oil Corp (IOC) will buy back 29.76 crore shares for about Rs 4,435 crore and spend another Rs 6,556 crore on paying an interim dividend to shareholders as the government taps cash-rich PSUs to meet its...
