BSNL and MTNL to be merge

In a bid to revive ailing state-run telecom companies Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL), the government has announced that the cabinet has given in-principal nod to merge both companies. Telecom Minister Ravi Shankar Prasad said that while the merger will take time, MTNL will be a subsidiary of BSNL […]

Rupee opens 5 paise higher at 71.38 vs USD in early trade

Rupee opens 5 paise higher at 71.38 vs USD in early trade

Mumbai,  The Indian rupee opened 5 paise higher at 71.38 against the US dollar in early trade on Thursday tracking positive opening in domestic equities and foreign fund inflows. Forex traders said rupee was trading in a narrow range as market participants remained cautious ahead of the Brexit summit scheduled later this week and on […]

Rupee slips 26 paise to 70.18 vs USD in early trade

Rupee slips 26 paise to 70.18 vs USD in early trade

Mumbai, The rupee depreciated by 26 paise to 70.18 against the US dollar in early trade Monday amid US-China trade related concerns and rising crude oil prices. Forex traders said the strengthening of the greenback vis-a-vis other currencies overseas, foreign fund outflows and cautious opening in domestic equities added pressure to the domestic unit. At […]

Sensex rises over 100 pts in early trade

Sensex rises over 100 pts in early trade

Mumbai, May 3 (PTI) The benchmark BSE Sensex rose over 100 points Friday led by gains in banking and auto stocks amid sustained foreign fund inflow and easing crude prices. The 30-share index was trading 107.81 points, or 0.28 per cent, higher at 39,089.24. Similarly, the NSE Nifty up 22.45 points, or 0.91 per cent, at […]

India’s GDP expected to grow at 7.3 pc in 2018-19

India’s GDP expected to grow at 7.3 pc in 2018-19

Washington,  India’s GDP is expected to grow at 7.3 per cent in the fiscal year 2018-19, and 7.5 per cent in the following two years, the World Bank has forecast, attributing it to an upswing in consumption and investment. The bank said India will continue to be the fastest growing major economy in the world. […]

India’s economic growth held back due to demonetisation, GST: Raghuram Rajan

India’s economic growth held back due to demonetisation, GST: Raghuram Rajan

Washington,  Demonetisation and the Goods and Services Tax (GST) are the two major headwinds that held back India’s economic growth last year, former RBI Governor Raghuram Rajan has said, asserting that the current seven per cent growth rate is not enough to meet the country’s needs. Addressing an audience at the University of California in […]

Petrol, diesel get costlier

Petrol, diesel get costlier

New Delhi : In line with the price hike announced earlier, the cost of petrol and diesel across India has been hiked as of 6:00 a.m. this morning.As per the Indian Oil Corporation website, prices of non-branded petrol have been revised to Rs. 75.61 per litre in Delhi, Rs. 76.83 per litre in Bengaluru, Rs. 78.29 per litre in […]

Limit collateral damage from bank frauds, urges ASSOCHAM

New Delhi : Apex trade association ASSOCHAM on Sunday said that all out efforts must be made by banks, regulators, government and India Inc to limit the collateral damage from the alleged fraud in the Punjab National Bank (PNB) row. The trade body also cautioned that an over-reaction by the banks and the investigative agencies would hurt essential credit […]

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