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Saturday, April 21, 2018

Business

Ready To Be ‘Neelakantha’, Drink Poison To Clean System: RBI Governor

Gandhinagar(PTI): Expressing deep anguish over a spate of banking frauds, RBI Governor Urjit Patel said today that like the 'Neelakantha', the central bank will consume poison and face brickbats, but will persist with endeavour to become better with each trial. Breaking silence over the Rs 12,967 crore scam at PNB, he said: "I have chosen to speak today to convey...

Air India Completes Boeing Deal, Takes Delivery Of 23rd Boeing 777

Mumbai(PTI): Disinvestment-bound flag carrier Air India has taken delivery of its 23rd and the last Boeing 777 plane which can be used in ultra-long haul routes, and thus also completing its 68 aircraft orders placed with the US plane-maker more than a decade ago. The last B777-300 ER, which can carry almost 300 passengers and bearing registration number VT-ALX, landed...

Rupee Rebounds 4 Paise In Opening Trade

Mumbai(PTI): The rupee strengthened by 4 paise to 65.10 per dollar in opening trade today on some selling of the US currency by exporters and banks. A positive opening for the stock markets also boosted the domestic currency, dealers said. Yesterday, the rupee had lost 25 paise to 65.14 on fresh bouts of demand for the American currency from importers and...

Nirav Modi Drops Out Of Forbes Billionaires List

New Delhi(PTI): Diamond trader Nirav Modi, accused of pulling off the country's biggest bank fraud, is no longer a part of India's billionaires club. Modi, who had featured in Forbes' 2017 rich list with a fortune of USD 1.8 billion, could not make the cut in this year's rankings. "Nirav Modi is among the drop-offs from this year's the list, along...

Nirav Gate Effect: PNB Stock Slumps 9% To Hit 52-Week Low

New Delhi(PTI): Shares of Punjab National Bank today slumped as much as 9 per cent to hit their 52-week low level in morning trade on bourses after the lender said the amount of fraudulent transactions could be as much as Rs 12,700 crore. Shares of the company opened weak at Rs 107.80, then cracked 8.75 per cent to a 52-week...

Sensex Extends Rally; Nifty Reclaims 10,600 Level

Mumbai(PTI): The benchmark BSE Sensex gained over 132 points to 34,578.39 in early trade today, rising for the third straight session today on buying by domestic institutional investors (DIIs) amid strong global cues. Investors are also eyeing Q3 GDP data, to be released tomorrow. Market sentiment was bolstered after a Morgan Stanley report said India's economic recovery is expected to...

Rupee Weakens 4 Paise Against US Dollar In Opening Trade

Mumbai(PTI): The rupee depreciated 4 paise to 64.83 against the US dollar in opening trade today at the forex market due to increased demand for the US currency from importers amid sustained foreign funds outflow. However, a weak dollar in global markets helped the rupee limit its losses, dealers said. Asian currencies were trading lower as investors look fro cues from...

Sensex Surges 200 Points, Nifty Above 10,400-Level

Mumbai(PTI): The benchmark BSE Sensex rose over 200 points on sustained buying in key frontline counters led by metal, healthcare, basic material, telecom, banks and finance stocks. Sentiments bolstered as Asian shares recovered on ease in worries over aggressive rate hike this year on comments from US Federal Reserve officials. The BSE Sensex rose 227.56 points, or 0.67 per cent, to...

Rupee Declines 30 Paise Against Dollar In Early Trade

Mumbai(PTI): The rupee weakened by 30 paise to trade at a three-month low of 65.06 against the US dollar in opening session today due to increased demand for the greenback from importers amid heavy foreign fund outflows. The dollar's gain against major world currencies, after US Federal Reserve minutes hinted at hiking interest rates faster than expectations, also impacted the...

Sensex Slips 144 Points Ahead Of F&O Expiry

Mumbai(PTI): The benchmark BSE Sensex fell over 144 points in early trade as investors turned cautious ahead of February derivatives expiry amid sustained foreign fund outflows and mixed Asian cues. The 30-share index, which had gained 141.27 points in the previous session, slipped 144.23 points, or 0.42 per cent, to 33,700.63. Sectoral indices, led by oil & gas, metal, auto, PSU...

Bill Gates To Guest Star In ‘The Big Bang Theory’

Los Angeles(PTI): Microsoft founder Bill Gates is all set to cameo as himself in the popular sitcom "The Big Bang Theory". The 62-year-old technocrat and philanthropist will guest star in an episode which will air next month, Entertainment Weekly reported. According to the plot, Penny (Kaley Cuoco) hosts Gates at work and her friendly neighbours would be seen trying everything to...

Rupee In Free Fall, Slips 8 Paise To Fresh 3-Month Low

Mumbai(PTI): Extending its losses for the third session, the rupee weakened by 8 paise to trade at fresh 3-month low of 64.87 against the US dollar in opening trade ahead of RBI's minutes for the latest policy meeting due later today. Besides heavy demand for the American currency from importers, persistent outflows by foreign funds and the dollar's strength against...

Rupee Falls 31 Paise Against US Dollar In Opening Trade

Mumbai(PTI): The rupee depreciated 31 paise to 64.52 against the US dollar in opening trade at the interbank forex market today on increased demand for the greenback from importers and banks. A strong dollar in overseas markets weighed on the Indian rupee, a currency dealer said. On Friday, the rupee had ended 30 paise lower at 64.21 against the US dollar...

Sensex Recovers 157 Points, Nifty Above 10,400-Mark

Mumbai(PTI): Stocks staged a comeback in early trade with the BSE Sensex gaining over 157 points and the Nifty recapturing the 10,400-level on buying by investors in metal, capital goods, teck and IT stocks amid a mixed trend at other Asian Markets. The 30-share Sensex recovered by 157.24 points, or 0.46 per cent, to 33,931.90 in opening trade. The index...