27 C
Bhubaneswar
Saturday, August 19, 2017

Business

Highs and Lows: CEOs Packages 1200-Times Bigger Than Staff

New Delhi (PTI): A huge pay gap between CEOs and other employees at Indian companies has come to the fore, with the biggest listed blue-chip firms doling out to their top executives salary packages of up to 1,200-times of their median employee remunerations. An analysis of remuneration disclosures made by top listed companies forming part of the blue-chip index Sensex --...

Rupee Gains 11 Paise To Close At 64.32 Against US Dollar

Mumbai (PTI): The rupee today rose by 11 paise to end at Rs 64.32 against the US dollar compared to previous close of Rs 64.43 per dollar. The domestic currency weakened against the pound sterling to settle at Rs 83.65/67 against previous close of Rs 83.39/41 at the interbank foreign exchange (forex) market here today. Following are the Interbank Forex and RBI...

Sensex Climbs 124 Pts, Nifty Above 9,900 As RIL Leads Rally

Mumbai (PTI): Benchmark Sensex ran up 124 points today, spurred by Reliance Industries reporting its highest quarterly earnings and its announcement of a bonus issue. Strong earnings from Wipro and Indian Bank enthused investors. The BSE 30-share Sensex started settled up 124.49 points, or 0.39 per cent, at 32,028.89. The gauge had lost 50.95 points yesterday. The stock of Reliance Industries, a market...

Rs 20 Notes In Mahatma Gandhi 2005 Series To Be Out Soon

Mumbai (PTI): The Reserve Bank will shortly issue bank notes of denomination Rs 20 in Mahatma Gandhi series 2005 that will be similar in design to those currently in circulation. The new notes will be bearing inset letter 'S' in the number panel and signature of Governor Urjit R Patel, the RBI said in a notification today. Both the number panels will...

Rupee Extend Healthy Gains Against US Dollar; Hits 5-Wk High

Mumbai (PTI): Strengthening for the third straight day, the bullish rupee gained 5 paise to close at a fresh five-week high of 64.28 against the US dollar on steady selling of the greenback by banks and exporters. This is the best close for the home currency since June 9 when it had settled 64.24 against the American unit. Smooth supply of dollars...

Naked Model Arrested For Assaulting Police Officer

Florida: Model Brissa Dominguez Garcia was put behind bars in Florida after she assaulted several police officers when they tried to arrest her while she was roaming naked around the hotel. The incident occurred at the Edge Hotel in Clearwater. The manager of the hotel had called officers to remove her from the hotel premises. According to reports she...

RBI Not Reviewing 90-Day NPA Classification Window

New Delhi (PTI): The finance ministry today said the Reserve Bank is not examining any proposal to extend the 90-day period for classification of non-performing assets (NPAs) or bad loans to help small businesses. The extant prudential NPA norms were brought in after extensive consultations and were based on the report of the Committee headed by M Narasimham on Banking Sector...

Sensex Logs This Year’s Biggest Fall; ITC Slumps 13%

Mumbai(PTI): Retreating from its record high hit in the previous session, the BSE Sensex on Tuesday sank about 364 points to post its biggest single-day plunge in eight months, dragged by FMCG giant ITC whose shares fell nearly 13 per cent due to increased levies on cigarettes. The NSE Nifty also cracked about 89 points to slip below the psychological 9,900-mark. Cigarette...

Rupee Holds 1-Mth High Of 64.33 As Dollar Crumbles

Mumbai (PTI): The rupee today saw a marginal two paise increase in its value at 64.33 a dollar, still holding its highest level in over a month against the US currency which hit multi-month lows against rivals. This is again the highest closing for the domestic currency since June 14, when it had hit 64.30. A massive sell-off in local equities largely...

Markets All Pumped Up, Set New Highs On Earnings Optimism

Mumbai (PTI): Showing renewed strength, the Nifty closed above the 9,900 level for the first time and the Sensex set a fresh life high today, building on optimism about corporate earnings. Most Asian shares ruled firm, picking up cues from stronger than expected economic growth in China and expectations that the Federal Reserve will tread with care in tightening its policy,...

Indian Rupee Sprints To Fresh 1-Mth High Of 64.35 Vs Dollar

Mumbai (PTI): After a brief pause, the Indian rupee on Monday regained momentum to log a fresh one-month high of 64.35 by rising 10 paise on bouts of dollar unwinding by exporters. This is the highest closing for the domestic currency since June 14, when it ended at 64.30. Bearish continuation in the greenback along with heavy unwinding of long dollar positions...

Only 7% Rise In Transactions Through Cards Post Demonetistion

New Delhi (PTI): Transactions through debit and credit cards rose by merely seven per cent post demonetisation, as against a surge of over 23 per cent in overall digital transactions, top government officials told a parliamentary panel. Officials from various ministries gave a presentation to the Parliamentary Standing Committee on Finance on 'Demonetisation and Transformation towards Digital Economy'. The digital transactions in...

CMFRI Study Gives Nod For Commercial Trade Of Sharks

Kochi (PTI): Some varieties of sharks, considered to be facing a high risk of extinction, do not suffer such threat from fishery in Indian waters and international trade of these species and their by-products can be done, says a study by Indian marine scientists. The study was conducted by scientists of the Central Marine Fisheries Research Institute (CMFRI) and Indian Council...

Odisha Gets Rs 2 Lakh Crore Investment Commitments From 74 Companies

Bhubaneswar (PTI): The Odisha government has received investment commitments worth more than Rs 2 lakh crore from 74 companies in various sectors, including electronics, food processing, metals and minerals. "Last year, we had signed memorandum of understanding (MoUs) worth Rs 3.6 lakh crore with 124 companies during Make in Odisha Conclave in Bhubaneswar, Odisha Investors' Meet in Bengaluru, and 'Make in...