Agencies Mumbai: India’s rupee weakened to a new low and stocks slumped anew amid a global meltdown in risk assets, with rising number of coronavirus cases locally adding to anxiety. Sovereign bonds also declined. The rupee declined as much as 1.1% to 75.0562 per dollar to go past the key 75 mark for the first […]
To maintain stability in the financial system in the wake of coronavirus outbreak, RBI today said it will open market operations on March 20 in the form of purchase of an aggregate amount of ₹10,000 crore of government securities with tenor between two and five years. “With the heightening of Covid-19 pandemic risks, certain financial market […]
Coronavirus fears continued to weigh on the investor sentiments as the BSE Sensex plunged over 2,100 points on Monday. The Nifty 50 on the National Stock Exchange also dropped over 500 points to fall below the 9,500 mark. At 9.37 a.m., the Sensex was trading at 31,960.19, lower by 2,143.29 or 6.28 per cent from […]
The price war among oil producers has led to international crude prices crashing by their biggest margin since the 1991 Gulf War. While the slump in crude oil prices would be seen by some as a piece of merry news, experts suggest it could spell trouble for green initiatives. In the short term, this collapse in global […]
Srinagar, Mar 10 (IANS): J&K Lt Governor G.C. Murmu has invited Gujarati businessmen to invest in J&K, and 35 MoUs worth Rs 2,141 crore have been inked, a government statement said on Monday. “Gujarati businessmen are successful worldwide and they should also explore the vast investment opportunities in Jammu & Kashmir,” Murmu said, while addressing the captains of the […]
Share/Stock Market Today Live Updates: The benchmark equity indices on the BSE and the National Stock Exchange (NSE) edged below 6 per cent in afternoon deals on Monday tracking weakness in the global markets which tumbled due to rising concerns over the economic impact of coronavirus and crashing crude oil prices. The S&P BSE Sensex crashed as much […]
Mumbai: Yes Bank founder Rana Kapoor was taken to Enforcement Directorate (ED) office for questioning on Saturday. Earlier, the agency conducted raids at Kapoor’s residence located at ‘Samudra Mahal’ residential tower in Mumbai on Friday and registered a case under the Prevention of Money Laundering Act (PMLA) against him. On Thursday, the RBI said a moratorium […]
The unveiling was done by the Chief Guest of the occasion ArunGandotra President, Credit J&K Bank in presence of Irfan Ahmad (Managing Director Jamkash Vehicleades (Kashmir)Pvt Ltd.), along with Syed Rayees Maqbool (Zonal Head Central 1), Farhat Abbas (Cluster Head 1), Zaffar Akeel (Branch Head Residency Road). According to the statement, all top management of […]
Cracks are starting to appear in rupee’s defences with new coronavirus cases being reported in India. The rupee slid as much as 0.4% to 73.6 per dollar on Wednesday to become the worst performing Asian currency. India has so far reported 28 positive cases, which includes 15 Italian tourists. The currency had stayed relatively stable […]
Royal Enfield has launched the updated Classic 350 BS 6 in the Indian market. In the single-channel ABS configuration the bike has been priced at ₹1.57 lakh (ex-showroom Delhi). At this price, the motorcycle stands ₹11,000 costlier than the previous BS 4 model it replaces. It is now the most affordable motorcycle present in the manufacturer’s Classic […]