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Thursday, July 7, 2022

Business

RBI: Rs 1 crore penalty on State Bank of Travancore

The Reserve Bank of India has imposed a penalty of Rs 1 crore on State Bank of Travancore for violating some of its instructions. On Monday, RBI said "This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank and its customers." The monetary...

Rupee depreciates 21 paise against US currency

The rupee tumbled 21 paise at 66.35 against the dollar in early trade at the Interbank Foreign Exchange market on increased demand for the USD from importers and jump in global crude prices as tensions flared up between Iran and Saudi Arabia. Moreover, dollar surging against other Asian currencies and a lower opening in domestic equities also weighed on the domestic...

Sensex plunges 190 pts in opening trade

The benchmark BSE Sensex declined 190 points  in opening trade as participants took to profit-booking after two sessions of gains amid weak Asian cues on tensions in the Middle East. The 30-share index slipped below the 26,000-mark by falling 190.25 points or 0.72 per cent to 25,970.65 as banking, metals, FMCG, oil&gas, PSU and IT sector indices were trading in negative territory,...

Rupee weakens 5 paise against USD

The rupee declined 5 paise to trade at 66.20 against the USD on the first trading day of 2016 due to fresh buying of the US currency by banks and importers. At the Interbank Foreign Exchange, the rupee was trading lower by 5 paise against the previous close of 66.15. Dealers said increased demand for the American unit from importers and a lower...

Sensex tumbles 51 points in opening trade

The benchmark BSE Sensex declined 51 points in opening trade on profit-booking after recent gains. The 30-share index, which had gained 157.51 points in the previous session, fell 51.29 points, or 0.20 per cent, to 26,066.25 in early trade today. Stocks of technology, metal, power, healthcare and banking sectors were leading the fall in early trade. ONGC, Sun Pharma, NTPC, ICICI Bank, Infosys, GAIL,...

Rupee ends higher by 24 paise vs dollar

The rupee ended higher by 24 paise to 66.15 against the American currency due to selling of dollars by banks and exporters on hopes of foreign capital inflows amdist recovery in the equity market. The rupee opened lower at 66.45 per dollar as against the overnight closing level of 66.39 at the Interbank Foreign Exchange (forex) market and moved down...

Sensex signs off in style, but slips 5 pc for 2015

The last trading day of the year ended on a promising note as the Sensex bounced by about 158 points to 26,117.54 at the close, led by realty and IT stocks. But the frontline index was down over 5 per cent from a year ago -- its first annual fall since 2011. Covering-up of short positions following expiry of December futures...

Rupee slips 6 paise US currency

The rupee declined 6 paise at 66.45 against the dollar in opening trade on increased month-end demand for the US currency from importers and banks. The dollar was firm against major global currencies, which dampened rupee sentiment, but a higher opening of the domestic equity market capped the losses, dealers said. The rupee had gained 1 paisa to end at 66.39 yesterday on fag-end selling...

Govt clears tax, info exchange pacts with Maldives, Slovenia

The Cabinet today approved the signing and ratification of an agreement between India and Maldives for exchange of information aimed at curbing tax evasion and avoidance. The approval was given by the Union Cabinet chaired by Prime Minister Narendra Modi here today. "The Agreement will stimulate effective exchange of information between the two countries which will help curb tax evasion and...

Rupee slips 4 paise against US currency

The rupee declined 4 paise to 66.44 against the dollar in early trade at the Interbank Foreign Exchange market on increased month-end demand for the USD from importers. Forex dealers said mainly sustained month-end demand from banks and importers weighed. A weakness in the American currency against some currencies in the global market and a higher opening of the domestic equity market,...

Sensex gains 49 points in opening trade

The benchmark BSE Sensex surged 49 points in opening trade on increased buying by funds and retail investors amid mixed overseas cues. Moreover, covering-up of pending short positions by speculators in view of tomorrow's December monthly expiry in the derivatives segment contributed to the upmove. Rising for the third straight session, the BSE 30-share barometer rose 48.88 points, or 0.18 per cent, to...

Sensex gains for 2nd day on strong global cues, short-covering

Mumbai: Markets rose for the second straight session as the benchmark BSE Sensex on Tuesday gained over 45 points in a volatile trade to close at 26,079.48, led by gains in auto and banking stocks and a positive global trend. Covering-up of short positions by speculators ahead of the December month expiry in the derivatives space accelerated the gains, traders said. Sentiment...

Rupee declines 13 paise against American currency

The rupee depreciated 13 paise at Rs 66.32 against the USD at the Inter-bank Foreign Exchange on month-end demand for the American currency from importers amid capital outflows. Yesterday, rupee closed at Rs 66.19, up by 2 paise. Forex dealers stated month-end demand for the US currency from importers mainly weighed, but the dollar's weakness against other currencies overseas and a higher opening of...

WEF 2014: India to create 100 mn jobs in manufacturing, says Sharma

Davos: India is looking to create as many as 100 million skilled jobs in the manufacturing sector by raising its share of GDP to 25 percent from 16 percent, Commerce and Industry Minister Anand Sharma said. Sharma is here for the World Economic Forum (WEF) annual meet where he would also have interactions with top executives of large companies from...