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Market brushes aside Fed rate hike signal, bounces 183 pts

BSE     Mumbai : Stocks today shrugged off a widely expected US interest rate hike as the benchmark Sensex bounced 183 points to close at 26,698, with auto, IT, oil [...]

December 13th, 2016 | Posted in Business,Highlights | Read More »

Sensex zooms 457 pts, Nifty tops 8,200 on global rally

BSE     Mumbai : Market made a comeback of sorts as the Sensex rallied 457 points today — its biggest single-day gain in over six weeks — to close at [...]

December 8th, 2016 | Posted in Business,Highlights | Read More »

RBI keeps policy rate unchanged;lowers growth forecast to 7.1%

Reserve Bank of India     Mumbai : RBI today unexpectedly kept interest rate unchanged despite calls for lowering it while it slashed the economic growth projection by half a per cent to 7.1 [...]

December 7th, 2016 | Posted in Business,Highlights,Topnews | Read More »

RBI policy status quo stumps market, Sensex loses 156 pts

BSEMumbai : The Reserve Bank’s decision to leave interest rates untouched caught the market by surprise as the Sensex switched gear by reversing its two days of gains and cracked [...]

December 7th, 2016 | Posted in Business,Highlights | Read More »

Demonetisation not done in haste, says RBI Governor

Urjit Patel      Mumbai : The demonetisation decision was taken after detailed deliberations and not in haste, while nearly Rs 11.85 lakh crore or 80 per cent of junked notes have [...]

December 7th, 2016 | Posted in Highlights,Nation | Read More »

CBI arrests bank official, 2 bizmen for fraudulent exchange of old notes

arrest     New Delhi : CBI today arrested a senior manager of Central Bank of India and two owners of a firm in Bengaluru for allegedly violating RBI guidelines on [...]

December 7th, 2016 | Posted in Highlights,Nation,Topnews | Read More »

Rupee firmly on recovery path, gains 12 paise

Rupee     Mumbai : The rupee continued to tread the recovery path for the second day today, climbing 12 paise to 67.78 against the dollar on increased selling of the [...]

December 7th, 2016 | Posted in Business,Highlights,Topnews | Read More »

Sensex climbs 120 points ahead of RBI policy meet

BSE     Mumbai : The benchmark Sensex rose almost 120 points in early trade today on optimistic buying by investors ahead of RBI policy review scheduled for tomorrow. Firm Asian [...]

December 6th, 2016 | Posted in Business,Highlights,Topnews | Read More »

Cap on charge-free ATM withdrawals a policy decision:RBI to HC

ATM closed in Kolkata     New Delhi : The RBI today told the Delhi High Court that the cap on free-of-charge withdrawals from ATMs by banking customers was a “policy decision” and the [...]

December 5th, 2016 | Posted in Highlights,Nation | Read More »

Restrictions on DCCBs by RBI valid: Khot

sadabhau-khot     Mumbai : Terming the RBI’s move to restrict district central co-operative banks from exchanging or depositing old currency notes of Rs 500 and Rs 1,000 as valid, a [...]

December 2nd, 2016 | Posted in Mumbai | Read More »