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 […]

RBI slaps Rs 3 cr penalty on Axis Bank, 2 cr on IOB

RBI slaps Rs 3 cr penalty on Axis Bank, 2 cr on IOB

Mumbai:The Reserve Bank today said it has imposed a penalty of Rs 3 crore on Axis Bank for violation of NPA classification norms, and Rs 2 crore on Indian Overseas Bank for not complying with the KYC regulations.RBI said it had carried out a statutory inspection of private sector player Axis Bank with reference to […]

Bank fraud, willful default hampering ease of doing business: Jaitley

Bank fraud, willful default hampering ease of doing business: Jaitley

New Delhi: Finance Minister Arun Jaitley on Saturday said cases of willful default and bank fraud will have a detrimental impact on the government’s objective of ensuring ease of doing business. Speaking at the ET Global Business Summit 2018 here, Jaitley said repeated occurrence of fraud causes major setbacks to efforts for improving ease of doing business, and this subsequently creates […]

Sensex recovers 141 pts, snaps 3-day downtrend

Sensex recovers 141 pts, snaps 3-day downtrend

Mumbai: Snapping its three-day losing streak, the BSE Sensex today recovered by over 141 points on value-buying by domestic investors in IT, banking, FMCG and oil and gas stocks amid firming trend on Asian bourses. Also, a slide in crude oil prices boosted sentiments. However, investors appeared cautious ahead of the expiry of derivative contracts for […]

Sensex drops 195 pts, Nifty below 10,400

Sensex drops 195 pts, Nifty below 10,400

Mumbai: The benchmark BSE Sensex dropped 195 points or 0.57 per cent in afternoon trade due to increased selling in bluechips led by Tata Steel , SBI and Larsen & Toubro. Metals, industrials, banks, financials, telecom, realty, FMCG and oil&gas stocks declined. The BSE Sensex trading down 194.17 points or 0.57 per cent at 33,816.59 186.29 […]

Sensex recovers 260 points, Nifty above 10,500-mark

Sensex recovers 260 points, Nifty above 10,500-mark

Mumbai: Stocks staged a strong comeback in early trade with the BSE Sensex gaining over 260 points and the Nifty recaputuring the 10,500-level on continued buying by domestic funds ahead of inflation data to be released after market hours on Monday. Asian markets were also trading in the green after a late-day rally on Wall Street […]

RBI chief Urijit Patel defends monetary policy

RBI chief Urijit Patel defends monetary policy

The Reserve Bank of India governor Urjit Patel on Saturday defended maintaining tight monetary policy even when retail inflation remained low. Addressing reporters along with finance minister Arun Jaitley by his side after a customary post-Budget meeting, Patel said the central bank’s monetary policy remains forward looking rather than “looking at inflation rates of today […]

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