Mumbai : Continuing a recent trend, Indian foreign exchange reserves shot up by a massive $3.572 billion to touch a high of $398.122 billion for the week ended September 1, Reserve Bank of India (RBI) data showed on Friday. The country's foreign currency assets...
Mumbai : Negative Asian markets on the back of escalating geo-political tensions and heavy selling pressure in banking and auto stocks dragged key Indian equity indices -- the NSE Nifty50 and the BSE Sensex -- lower by almost one per cent each during the mid-afternoon...
By Meghna Mittal, New Delhi : While the RBI launched the 200-rupee note a week ago, it may take up to three months for ATMs to start dispensing the new denomination currency as it will involve a huge exercise of recalibration. Some banks have even asked the ATM...
Mumbai : Dwelling upon the spillover effects of the "quick fix" solution of farm loan waivers to ease farmers' distress, RBI Governor Urjit Patel has said that the government instead should move to more fundamental solutions, including crop insurance and opening up...
By Meghna Mittal, New Delhi : The Asian Infrastructure Investment Bank (AIIB) is mulling pumping in $1.5 billion (Rs 9,599 crore) in six new projects in India that includes Rs 1,279 crore in India's National Investment and Infrastructure Fund (NIIF), a top AIIB...
RBI Mumbai : Revealing the low efficacy of last November's demonetisation of high-value currency, the RBI said on Wednesday that of the Rs 15.44 lakh crore of notes taken out of circulation, Rs 15.28 lakh crore, or almost 99 per cent, had returned to the system by way...
New Delhi : Prime Minister Narendra Modi on Monday congratulated the beneficiaries of the Jan Dhan Yojana upon completing three years, calling it a historic initiative for the poor. "Today, the Jan Dhan Yojana completes three years. I congratulate the crores of...
Mumbai : Key Indian equity indices -- the NSE Nifty50 and the BSE Sensex -- opened on a higher note during the early morning trade session on Monday with healthy buying witnessed in IT and banking stocks. Around 9.19 a.m., the wider 51-scrip Nifty of the National...
New Delhi : Prime Minister Narendra Modi on Sunday said 30 crore families have been linked to Pradhan Mantri Jan Dhan Yojana in the last three years and Rs 65,000 crore deposited in their accounts. Addressing his "Mann Ki Baat" radio programme, he said the Jan Dhan...
By Porisma P. Gogoi Mumbai : Continuing the bull run for the second consecutive week, key Indian equity indices -- the Sensex and the Nifty50 -- closed with minimal gains as short covering in healthcare and banking stocks coupled with continuous purchasing activities...