US dollar ends sharply cheaper against rupee

US dollar ends sharply cheaper against rupee

Mumbai: US dollar ended sharply cheaper against the rupee at Rs 67.13/14 per dollar and the pound sterling also finished lower at Rs 87.19/21 per pound at the close of the Interbank Foreign Exchange market today. Following are the Interbank Forex and RBI rates: (In Rs Per Unit) Unit Interbank RBI Reference US Dollar 67.13/14 […]

Exports of 7 farm commodities fall in May

Exports of 7 farm commodities fall in May

New Delhi: Exports of several agriculture products, including tea, coffee, rice and cashew declined in May due to fall in global commodity prices. Cereals, oil meals and dairy & poultry products too recorded negative growth during the month. In all, seven out of 13 main agriculture products that are closely monitored by the Commerce Ministry, […]

Sizable dip in Indian black money parked abroad: FM

Sizable dip in Indian black money parked abroad: FM

Ahmedabad: Finance Minister Arun Jaitley today said the Narendra Modi government’s “activism” against black money in the last two years has resulted into a “sizable dip” in illegal assets stashed abroad by Indians. He also said the action being initiated by G-20 countries coupled with “technological intervention” will make it difficult to keep black money […]

AirAsia announces 20 pc discount on fares

AirAsia announces 20 pc discount on fares

Chennai: Budget air carrier AirAsia today announced a 20 per cent discount on fares across its flights for passengers taking up journey during the Diwali festival. The promotion campaign which begins today would run till July 17 for passengers travelling between July 18 and November 24, 2016, AirAsia said in a statement. The campaign is […]

Economy healthier compared to last year of UPA II: Panagariya

Economy healthier compared to last year of UPA II: Panagariya

Jaipur: NITI Aayog Vice Chairman Arvind Panagariya on Saturday said the Indian government has put the economy on the path of reform to achieve a high growth trajectory though there are significant lags between policy decisions and outcomes which need to be addressed. He said challenges such as restoration of the health of banks and […]

Twitter CEO Jack Dorsey’s account hacked

Twitter CEO Jack Dorsey’s account hacked

San Francisco: Twitter CEO Jack Dorsey’s account was today briefly hacked, the latest cyber attack against the high-profile personalities by hacker group ‘OurMine’. The group, which previously hijacked social media accounts of Google CEO Sundar Pichai and Mark Zuckerberg, shared a few videos and then sent a tweet that read, “Hey, its OurMine, we are […]

Will ship Freedom 251 phones from tomorrow:Ringing Bells

Will ship Freedom 251 phones from tomorrow:Ringing Bells

New Delhi: Ringing Bells, the Noida-based firm that ran into controversy after announcing a Rs 251 phone five months back, today claimed it will start shipping the cheapest smartphone ever, from tomorrow. In February, the company announced the Freedom 251 phone which saw a mad rush of over 70 million people jostling to register but […]

Gold falls off 28-month high as demand falters

Gold falls off 28-month high as demand falters

New Delhi: Gold prices slipped from a 28-month high by falling Rs 150 to Rs 30,900 per 10 grams in the bullion market today, with demand from jewellers softening, even as the metal rose overseas. However, silver weekly-based delivery continued to climb as speculators mounted fresh bets on hopes of a further rise in its […]

Rupee edges up 3 paise against American dollar

Rupee edges up 3 paise against American dollar

Mumbai : The rupee recovered marginally by 3 paise to 67.42 against the dollar in early trade today at the forex market on fresh selling of the US currency by banks and exporters amid foreign fund inflows. Forex dealers said a higher opening in the domestic equity market and a weakening dollar against some currencies […]

Silver, gold give better returns, beat stocks

Silver, gold give better returns, beat stocks

New Delhi: In terms of investor wealth addition, gold and silver have offered better returns so far this year than other asset classes, especially stocks, by registering up to 41 per cent gains. Gold and silver prices have surged 22.29 per cent and 41.14 per cent, respectively, so far in 2016. On the other hand, […]