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Bhubaneswar
Sunday, April 22, 2018

Business

Sensex Rises Nearly 100 Points Ahead Of RBI Policy Meet

Mumbai(PTI): The BSE Sensex rose nearly 100 points in opening trade today ahead of Reserve Bank of India's monetary policy review that begins today. The six-member Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, is scheduled for a two-day meet today and tomorrow. Rising for the third straight session, the 30-share index gathered another 98.15 points, or 0.29 per...

Rupee Rises 4 Paise Against US Dollar In Early Trade

Mumbai(PTI): Rupee edged 4 paise higher to 64.97 against the dollar in early trade today on increased selling of the greenback by exporters and banks ahead of Reserve Bank of India's first bi-monthly monetary policy meet for FY19. The six-member Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, is to meet on April 4 and 5. Forex dealers said...

Sensex Turns Choppy, Nifty Tests 10,200 Level

Mumbai(PTI): The BSE Sensex turned choppy after falling nearly 100 points today and NSE Nifty slipped below the 10,200-mark on fresh losses in metal, healthcare, Teck, IT and realty stocks amid muted global cues. The 30-share barometer, which had gained 286.68 points on the first session of new fiscal yesterday, shed 96.77 points, or 0.29 per cent, to 33,158.59. The NSE...

Rupee Opens 9 Paise Higher Against US Dollar

Mumbai(PTI): The rupee strengthened by 9 paise to 65.09 against the US dollar in opening trade today on fresh selling of the greenback by exporters. The dollar weakened against other global currencies as China imposed extra tariffs on US products, escalating a dispute between two of the world's biggest economies, and supporting the domestic unit here, a currency dealer said. On...

MCL Betters Record By Producing 7.84 Lakh Tonne A Day

Bhubaneswar(PTI): The Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India Limited, broke its own record by producing 7.84 lakh tonne in a single day, an official said. The MCL created this record on March 27, breaking the earlier record set by the company. On March 21, MCL had become the first company in the country to have crossed the 6...

RBI Imposes Rs 59 Crore Fine On ICICI Bank For Violating Securities Sale Norms

Mumbai(PTI): The Reserve Bank has imposed a penalty of Rs 58.9 crore on the country's leading private sector lender ICICI Bank for violating central bank's directions pertaining to direct sale of securities. "The Reserve Bank of India (RBI) has imposed through an order dated March 26, 2018, a monetary penalty of Rs 589 million on ICICI Bank Limited for non-compliance...

Rupee Recovers 7 Paise Against Dollar In Opening Trade

Mumbai(PTI): The rupee recovered by 7 paise to Rs 64.90 against the US dollar in opening trade today at the forex market on increased selling of the greenback by exporters amid foreign fund inflows. A lower opening of the domestic equity market weighed on the domestic currency, but dollar's weakness against other currencies limited the losses, forex dealers said. Yesterday, the...

US Dollar Ends Higher Against Rupee

Mumbai(PTI): The US dollar ended higher against the rupee at 64.97/98 per dollar but the pound sterling finished lower at 91.67/69 per pound at the close of the Interbank Foreign Exchange (forex) market here today. Following are the Interbank forex and RBI rates : (In Rs per unit) Unit Interbank RBI Reference US Dollar 64.97/98 Dollar Rs. 64.7973 Pound Sterling 91.67/69...

OMC Lost Opportunity To Earn Rs 1838.98 Crore Revenue: CAG

Bhubaneswar: The CAG report which was tabled in the Odisha assembly on March 26 has said that the Odisha Mining Corporation (OMC), a state-run corporation, lost an opportunity to earn revenue of Rs 1,838.98 crore as it could not achieve the targeted production of ores during 2012-17, despite having set a low target. The OMC had to fix its production...

Sensex, Nifty Turn Choppy On Weak Global Cues

Mumbai(PTI): The benchmark BSE Sensex extended volatility for the third straight day by shedding over 60 points in early trade today on selling by domestic institutional investors amid weakness in Asian markets on trade war concerns. Selling pressure on IT, Teck and oil & gas stocks, too, weighed on market sentiment. The 30-share index slipped 60.10 points, or 0.18 per cent,...

Odisha Government Presents Rs 1,20,028 Crore Budget For 2018-19

Bhubaneswar: Finance Minister Shashi Bhusan Behera presented a Rs 1, 20,028 crore annual budget for the fiscal year 2018-19 in the State Assembly today. The ruling BJD government headed by Chief Minister Naveen Government has estimated the Gross State Domestic Product (GSDP) to grow at 8 – 8.5 % per cent for the fiscal year 2018-19. It estimated 7.14%...

Sensex Rallies 343 Points, Nifty Reclaims 10,200

Mumbai(PTI): The BSE Sensex rallied over 300 points on sustained buying in realty, telecom, banking, energy and consumer durables counters, ahead of US Federal Reserve's key policy outcome scheduled later in the day. Bouts of short-covering and firm cues from Asian markets boosted investor sentiment here. The 30-share index was trading at 33,339.93 at 1100hrs, up 343.17 points, or 1.04 per...

Rupee Opens Flat Against US Dollar

Mumbai(PTI): The rupee edged marginally higher by 1 paisa to 65.19 against the US dollar in early trade ahead of the Federal Reserve's policy decision today. Besides, the dollar's weakness against some currencies overseas, fresh selling of the American currency by exporters as well as banks supported the rupee, forex dealers said. A higher opening in the domestic equity market influenced...

Rupee Sheds 3 Paise Against US Dollar In Early Trade

Mumbai(PTI): The rupee depreciated 3 paise to 64.96 against the US dollar in early trade today at the forex market on increased demand for the US currency from importers and foreign fund outflows. Strength in dollar against other currencies overseas as traders eye next week's US Federal Reserve meeting, and a lower opening in domestic equities kept pressure on the...